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SKC COMMUNICATION PRODUCTS, INC. 401(K) PLAN 401k Plan overview

Plan NameSKC COMMUNICATION PRODUCTS, INC. 401(K) PLAN
Plan identification number 002

SKC COMMUNICATION PRODUCTS, 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.

401k Sponsoring company profile

SKC COMMUNICATION PRODUCTS, INC has sponsored the creation of one or more 401k plans.

Company Name:SKC COMMUNICATION PRODUCTS, INC
Employer identification number (EIN):311056628
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SKC COMMUNICATION PRODUCTS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01JILL PHILLIPS2012-09-19
0022011-01-01JILL PHILLIPS
0022010-01-01KENDRA BEST
0022009-01-01KENDRA BEST
0022009-01-01KENDRA BEST

Financial Data on SKC COMMUNICATION PRODUCTS, INC. 401(K) PLAN

Measure Date Value
2011 : SKC COMMUNICATION PRODUCTS, INC. 401(K) PLAN 2011 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$-80,591
Total of all expenses incurred2011-12-31$4,980,727
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,965,751
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$20,754
Value of total assets at end of year2011-12-31$56,818
Value of total assets at beginning of year2011-12-31$5,118,136
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$14,976
Total interest from all sources2011-12-31$244
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Administrative expenses professional fees incurred2011-12-31$1,525
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$2,178
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$77,088
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-5,061,318
Value of net assets at end of year (total assets less liabilities)2011-12-31$56,818
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$5,118,136
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$13,109
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$0
Value of interest in pooled separate accounts at end of year2011-12-31$56,818
Value of interest in pooled separate accounts at beginning of year2011-12-31$5,019,525
Interest on participant loans2011-12-31$172
Interest earned on other investments2011-12-31$72
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$18,280
Net investment gain/loss from pooled separate accounts2011-12-31$-101,589
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$18,576
Employer contributions (assets) at end of year2011-12-31$0
Employer contributions (assets) at beginning of year2011-12-31$3,243
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,965,751
Contract administrator fees2011-12-31$342
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 name2011-12-31MAYER HOFFMAN MCCANN P.C.
Accountancy firm EIN2011-12-31431947695
2010 : SKC COMMUNICATION PRODUCTS, 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$246
Total income from all sources (including contributions)2010-12-31$1,784,688
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$379,070
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$359,439
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,139,767
Value of total assets at end of year2010-12-31$5,118,136
Value of total assets at beginning of year2010-12-31$3,712,764
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$19,631
Total interest from all sources2010-12-31$3,960
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Administrative expenses professional fees incurred2010-12-31$1,350
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 period2010-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$701,861
Participant contributions at end of year2010-12-31$77,088
Participant contributions at beginning of year2010-12-31$70,823
Participant contributions at beginning of year2010-12-31$10,949
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$39,548
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$246
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$1,405,618
Value of net assets at end of year (total assets less liabilities)2010-12-31$5,118,136
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$3,712,518
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
Investment advisory and management fees2010-12-31$17,683
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$3,502,361
Value of interest in pooled separate accounts at end of year2010-12-31$5,019,525
Interest on participant loans2010-12-31$2,879
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$112,072
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$112,072
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1,081
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$18,280
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$0
Net investment gain/loss from pooled separate accounts2010-12-31$640,961
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$398,358
Employer contributions (assets) at end of year2010-12-31$3,243
Employer contributions (assets) at beginning of year2010-12-31$16,559
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$359,439
Contract administrator fees2010-12-31$598
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
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 name2010-12-31MAYER HOFFMAN MCCANN P.C.
Accountancy firm EIN2010-12-31431947695

Form 5500 Responses for SKC COMMUNICATION PRODUCTS, INC. 401(K) PLAN

2011: SKC COMMUNICATION PRODUCTS, 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 – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: SKC COMMUNICATION PRODUCTS, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SKC COMMUNICATION PRODUCTS, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number95563
Policy instance 1
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number95563
Policy instance 1

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