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ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 401k Plan overview

Plan NameASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN
Plan identification number 001

ASAHI KASEI SPANDEX AMERICA, INC. 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.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ASAHI KASEI SPANDEX AMERICA, INC. has sponsored the creation of one or more 401k plans.

Company Name:ASAHI KASEI SPANDEX AMERICA, INC.
Employer identification number (EIN):300202625
NAIC Classification:532100
NAIC Description: Automotive Equipment Rental and Leasing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01MARK OWENS2014-09-15
0012012-01-01M EVANS ON BEHALF OF ADMINISTRATOR
0012011-01-01MARSHA L. EVANS ERPA
0012009-01-01MARSHA L. DONALSON QKA QPA ERPA

Plan Statistics for ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN

401k plan membership statisitcs for ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN

Measure Date Value
2012: ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01133
Total number of active participants reported on line 7a of the Form 55002012-01-0138
Number of retired or separated participants receiving benefits2012-01-012
Number of other retired or separated participants entitled to future benefits2012-01-0154
Total of all active and inactive participants2012-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0194
Number of participants with account balances2012-01-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01147
Total number of active participants reported on line 7a of the Form 55002011-01-01114
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-0118
Total of all active and inactive participants2011-01-01133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01133
Number of participants with account balances2011-01-01133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-013
2009: ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01156
Total number of active participants reported on line 7a of the Form 55002009-01-01138
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0116
Total of all active and inactive participants2009-01-01154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01154
Number of participants with account balances2009-01-01149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN

Measure Date Value
2012 : ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$380,907
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,862,656
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$3,556,683
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$3,502,731
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$686,325
Value of total assets at end of year2012-12-31$9,741,973
Value of total assets at beginning of year2012-12-31$11,055,093
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$53,952
Total interest from all sources2012-12-31$33,720
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$263,255
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$263,255
Administrative expenses professional fees incurred2012-12-31$53,952
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 period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$307,877
Participant contributions at end of year2012-12-31$659,523
Participant contributions at beginning of year2012-12-31$865,355
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$89,955
Liabilities. Value of operating payables at end of year2012-12-31$9,823
Total non interest bearing cash at end of year2012-12-31$385,492
Total non interest bearing cash at beginning of year2012-12-31$38,301
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-1,694,027
Value of net assets at end of year (total assets less liabilities)2012-12-31$9,361,066
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$11,055,093
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 registered invesment companies (eg mutual funds) at end of year2012-12-31$6,240,216
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$9,483,382
Interest on participant loans2012-12-31$33,720
Value of interest in common/collective trusts at end of year2012-12-31$2,456,740
Value of interest in common/collective trusts at beginning of year2012-12-31$668,053
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$2
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$2
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$2
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$879,356
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 contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$288,493
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$3,502,731
Liabilities. Value of benefit claims payable at end of year2012-12-31$371,084
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 name2012-12-31WEBSTER ROGERS, LLP
Accountancy firm EIN2012-12-31570776381
2011 : ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$14,154
Total income from all sources (including contributions)2011-12-31$983,907
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,954,797
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,901,923
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$812,586
Value of total assets at end of year2011-12-31$11,055,093
Value of total assets at beginning of year2011-12-31$12,040,137
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$52,874
Total interest from all sources2011-12-31$40,413
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$314,833
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$314,833
Administrative expenses professional fees incurred2011-12-31$52,874
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$369,018
Participant contributions at end of year2011-12-31$865,355
Participant contributions at beginning of year2011-12-31$840,302
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$3,229
Liabilities. Value of operating payables at beginning of year2011-12-31$10,925
Total non interest bearing cash at end of year2011-12-31$38,301
Total non interest bearing cash at beginning of year2011-12-31$55,312
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-970,890
Value of net assets at end of year (total assets less liabilities)2011-12-31$11,055,093
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$12,025,983
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$9,483,382
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$10,753,851
Interest on participant loans2011-12-31$40,411
Value of interest in common/collective trusts at end of year2011-12-31$668,053
Value of interest in common/collective trusts at beginning of year2011-12-31$387,443
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$2
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$3,229
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$3,229
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$2
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-198,601
Net investment gain or loss from common/collective trusts2011-12-31$14,676
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 contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$443,568
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,901,923
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 name2011-12-31WEBSTER ROGERS, LLP
Accountancy firm EIN2011-12-31570776381
2010 : ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$14,154
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$16,024
Total income from all sources (including contributions)2010-12-31$2,367,098
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,974,333
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,928,379
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,037,059
Value of total assets at end of year2010-12-31$12,040,137
Value of total assets at beginning of year2010-12-31$11,649,242
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$45,954
Total interest from all sources2010-12-31$33,756
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$328,338
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$328,338
Administrative expenses professional fees incurred2010-12-31$45,954
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$449,799
Participant contributions at end of year2010-12-31$840,302
Participant contributions at beginning of year2010-12-31$588,654
Participant contributions at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$3,229
Liabilities. Value of operating payables at end of year2010-12-31$10,925
Liabilities. Value of operating payables at beginning of year2010-12-31$16,024
Total non interest bearing cash at end of year2010-12-31$55,312
Total non interest bearing cash at beginning of year2010-12-31$65,795
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$392,765
Value of net assets at end of year (total assets less liabilities)2010-12-31$12,025,983
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$11,633,218
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$10,753,851
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$10,515,860
Interest on participant loans2010-12-31$33,749
Value of interest in common/collective trusts at end of year2010-12-31$387,443
Value of interest in common/collective trusts at beginning of year2010-12-31$371,219
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$3,229
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$770
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$770
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$7
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$967,945
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$587,260
Employer contributions (assets) at beginning of year2010-12-31$106,944
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,928,379
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31WEBSTER ROGERS, LLP
Accountancy firm EIN2010-12-31570776381
2009 : ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN

2012: ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle 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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle 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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: ASAHI KASEI SPANDEX AMERICA, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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