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DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION 401k Plan overview

Plan NameDEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION
Plan identification number 013

DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

GAI HOLDING CORP has sponsored the creation of one or more 401k plans.

Company Name:GAI HOLDING CORP
Employer identification number (EIN):311442914

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0132009-01-01GAI HOLDING CORP BY W.T. COLLINS

Plan Statistics for DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION

401k plan membership statisitcs for DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION

Measure Date Value
2009: DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION 2009 401k membership
Total participants, beginning-of-year2009-01-01167
Total number of active participants reported on line 7a of the Form 55002009-01-010
Number of retired or separated participants receiving benefits2009-01-0128
Number of other retired or separated participants entitled to future benefits2009-01-0166
Total of all active and inactive participants2009-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-012
Total participants2009-01-0196

Financial Data on DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION

Measure Date Value
2010 : DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$7,091
Total unrealized appreciation/depreciation of assets2010-12-31$7,091
Total transfer of assets from this plan2010-12-31$132,705
Total income from all sources (including contributions)2010-12-31$58,020
Total of all expenses incurred2010-12-31$329,141
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$243,008
Value of total assets at end of year2010-12-31$132,705
Value of total assets at beginning of year2010-12-31$403,826
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$86,133
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$9,907
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$200,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Assets. Other investments not covered elsewhere at end of year2010-12-31$-132,705
Other income not declared elsewhere2010-12-31$41,022
Administrative expenses (other) incurred2010-12-31$20,122
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-271,121
Value of net assets at end of year (total assets less liabilities)2010-12-31$132,705
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$403,826
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$66,011
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$13,320
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$23,151
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$23,151
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
Income. Dividends from common stock2010-12-31$9,907
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$243,008
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$119,385
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$380,675
Did the plan have assets held for investment2010-12-31No
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)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MULCAHY PAURITSCH & SALVADOR CO LTD
Accountancy firm EIN2010-12-31363074623

Form 5500 Responses for DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION

2009: DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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