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XCEL HR 401(K) PLAN 401k Plan overview

Plan NameXCEL HR 401(K) PLAN
Plan identification number 002

XCEL HR 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

401K SAFE, LLC has sponsored the creation of one or more 401k plans.

Company Name:401K SAFE, LLC
Employer identification number (EIN):271487169
NAIC Classification:423910
NAIC Description:Sporting and Recreational Goods and Supplies Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan XCEL HR 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022013-01-01LEE LICHTENSTEIN
0022012-01-01LEE LICHTENSTEIN
0022011-01-01LEE LICHTENSTEIN

Plan Statistics for XCEL HR 401(K) PLAN

401k plan membership statisitcs for XCEL HR 401(K) PLAN

Measure Date Value
2013: XCEL HR 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-013,284
Total number of active participants reported on line 7a of the Form 55002013-01-013,180
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01394
Total of all active and inactive participants2013-01-013,574
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-013,574
Number of participants with account balances2013-01-012,024
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0157
2012: XCEL HR 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-014,222
Total number of active participants reported on line 7a of the Form 55002012-01-013,789
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01356
Total of all active and inactive participants2012-01-014,145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-014,145
Number of participants with account balances2012-01-012,042
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0170
2011: XCEL HR 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-012,954
Total number of active participants reported on line 7a of the Form 55002011-01-013,687
Number of other retired or separated participants entitled to future benefits2011-01-01295
Total of all active and inactive participants2011-01-013,982
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-013,982
Number of participants with account balances2011-01-012,516
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0135

Financial Data on XCEL HR 401(K) PLAN

Measure Date Value
2013 : XCEL HR 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total transfer of assets to this plan2013-12-31$903,263
Total transfer of assets from this plan2013-12-31$15,909,243
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$38,516
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$25,952
Total income from all sources (including contributions)2013-12-31$15,621,918
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$12,709,441
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$11,726,770
Expenses. Certain deemed distributions of participant loans2013-12-31$161,422
Value of total corrective distributions2013-12-31$38,517
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$7,663,766
Value of total assets at end of year2013-12-31$54,141,197
Value of total assets at beginning of year2013-12-31$66,222,136
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$782,732
Total interest from all sources2013-12-31$51,357
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$14,000
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$4,860,142
Participant contributions at end of year2013-12-31$1,050,998
Participant contributions at beginning of year2013-12-31$1,808,681
Participant contributions at end of year2013-12-31$193,851
Participant contributions at beginning of year2013-12-31$393,143
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$441,061
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-12-31$196,317
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$19,586
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$29,634
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$38,516
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$25,952
Other income not declared elsewhere2013-12-31$180,630
Administrative expenses (other) incurred2013-12-31$261,430
Total non interest bearing cash at end of year2013-12-31$33,006
Total non interest bearing cash at beginning of year2013-12-31$90,291
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$2,912,477
Value of net assets at end of year (total assets less liabilities)2013-12-31$54,102,681
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$66,196,184
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in pooled separate accounts at end of year2013-12-31$46,709,455
Value of interest in pooled separate accounts at beginning of year2013-12-31$55,372,890
Interest on participant loans2013-12-31$51,357
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$5,657,360
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$7,664,463
Net investment gain/loss from pooled separate accounts2013-12-31$7,726,165
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$2,362,563
Employer contributions (assets) at end of year2013-12-31$476,941
Employer contributions (assets) at beginning of year2013-12-31$863,034
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$11,530,453
Contract administrator fees2013-12-31$507,302
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31Yes
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31WARREN AVERETT, LLC
Accountancy firm EIN2013-12-31454084437
2012 : XCEL HR 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets to this plan2012-12-31$4,792,638
Total transfer of assets from this plan2012-12-31$20,437,494
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$25,952
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$19,782
Total income from all sources (including contributions)2012-12-31$19,067,223
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$7,288,643
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$6,590,176
Expenses. Certain deemed distributions of participant loans2012-12-31$101,090
Value of total corrective distributions2012-12-31$25,511
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$11,818,025
Value of total assets at end of year2012-12-31$66,222,136
Value of total assets at beginning of year2012-12-31$70,082,242
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$571,866
Total interest from all sources2012-12-31$90,995
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$7,169,613
Participant contributions at end of year2012-12-31$1,808,681
Participant contributions at beginning of year2012-12-31$2,486,318
Participant contributions at end of year2012-12-31$393,143
Participant contributions at beginning of year2012-12-31$305,396
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$793,454
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-12-31$443,630
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$29,634
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$42,336
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$25,952
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$19,782
Other income not declared elsewhere2012-12-31$168,868
Administrative expenses (other) incurred2012-12-31$160,368
Total non interest bearing cash at end of year2012-12-31$90,291
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$11,778,580
Value of net assets at end of year (total assets less liabilities)2012-12-31$66,196,184
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$70,062,460
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in pooled separate accounts at end of year2012-12-31$55,372,890
Value of interest in pooled separate accounts at beginning of year2012-12-31$64,409,463
Interest on participant loans2012-12-31$90,995
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$7,664,463
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$2,151,851
Net investment gain/loss from pooled separate accounts2012-12-31$6,989,335
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$3,854,958
Employer contributions (assets) at end of year2012-12-31$863,034
Employer contributions (assets) at beginning of year2012-12-31$686,878
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$6,146,546
Contract administrator fees2012-12-31$411,498
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31WARREN AVERETT, LLC
Accountancy firm EIN2012-12-31454084437
2011 : XCEL HR 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$21,769,312
Total transfer of assets from this plan2011-12-31$1,546,644
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$19,782
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$39,533
Total income from all sources (including contributions)2011-12-31$7,184,392
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$6,002,451
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$5,425,167
Expenses. Certain deemed distributions of participant loans2011-12-31$33,375
Value of total corrective distributions2011-12-31$18,205
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$9,041,454
Value of total assets at end of year2011-12-31$70,082,242
Value of total assets at beginning of year2011-12-31$48,697,384
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$525,704
Total interest from all sources2011-12-31$92,111
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$5,414,059
Participant contributions at end of year2011-12-31$2,486,318
Participant contributions at beginning of year2011-12-31$1,671,034
Participant contributions at end of year2011-12-31$305,396
Participant contributions at beginning of year2011-12-31$263,270
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$669,357
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$259,350
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$42,336
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$27,068
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$19,782
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$39,533
Other income not declared elsewhere2011-12-31$131,286
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$1,181,941
Value of net assets at end of year (total assets less liabilities)2011-12-31$70,062,460
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$48,657,851
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$89,478
Value of interest in pooled separate accounts at end of year2011-12-31$64,409,463
Value of interest in pooled separate accounts at beginning of year2011-12-31$44,677,171
Interest on participant loans2011-12-31$92,111
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$2,151,851
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$1,884,654
Net gain/loss from 103.12 investment entities2011-12-31$-2,080,459
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$2,958,038
Employer contributions (assets) at end of year2011-12-31$686,878
Employer contributions (assets) at beginning of year2011-12-31$174,187
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$5,165,817
Contract administrator fees2011-12-31$436,226
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31WARREN AVERETT, LLC
Accountancy firm EIN2011-12-31454084437

Form 5500 Responses for XCEL HR 401(K) PLAN

2013: XCEL HR 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entityMulitple employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: XCEL HR 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entityMulitple employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: XCEL HR 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entityMulitple employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes

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