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RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC. 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC.
Plan identification number 002

RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC. Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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

POWER PARAGON, INC. has sponsored the creation of one or more 401k plans.

Company Name:POWER PARAGON, INC.
Employer identification number (EIN):330638510
NAIC Classification:335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022009-01-01PAT HEMPHILL

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC.

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC.

Measure Date Value
2009: RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC. 2009 401k membership
Total participants, beginning-of-year2009-01-01509
Total number of active participants reported on line 7a of the Form 55002009-01-01280
Number of retired or separated participants receiving benefits2009-01-0191
Number of other retired or separated participants entitled to future benefits2009-01-01124
Total of all active and inactive participants2009-01-01495
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-019
Total participants2009-01-01504
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC.

Measure Date Value
2012 : RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC. 2012 401k financial data
Total transfer of assets from this plan2012-01-31$21,400,013
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-01-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-01-31$61,105
Total income from all sources (including contributions)2012-01-31$0
Total of all expenses incurred2012-01-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-01-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-01-31$0
Value of total assets at end of year2012-01-31$0
Value of total assets at beginning of year2012-01-31$21,461,118
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-01-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-01-31No
Administrative expenses professional fees incurred2012-01-31$0
Was this plan covered by a fidelity bond2012-01-31Yes
Value of fidelity bond cover2012-01-31$20,000,000
If this is an individual account plan, was there a blackout period2012-01-31No
Were there any nonexempt tranactions with any party-in-interest2012-01-31No
Other income not declared elsewhere2012-01-31$0
Liabilities. Value of operating payables at end of year2012-01-31$0
Liabilities. Value of operating payables at beginning of year2012-01-31$61,105
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-01-31No
Value of net income/loss2012-01-31$0
Value of net assets at end of year (total assets less liabilities)2012-01-31$0
Value of net assets at beginning of year (total assets less liabilities)2012-01-31$21,400,013
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-01-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-01-31No
Were any leases to which the plan was party in default or uncollectible2012-01-31No
Value of interest in master investment trust accounts at end of year2012-01-31$0
Value of interest in master investment trust accounts at beginning of year2012-01-31$20,813,118
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-01-31No
Was there a failure to transmit to the plan any participant contributions2012-01-31No
Has the plan failed to provide any benefit when due under the plan2012-01-31No
Contributions received in cash from employer2012-01-31$0
Employer contributions (assets) at end of year2012-01-31$0
Employer contributions (assets) at beginning of year2012-01-31$648,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-01-31$0
Did the plan have assets held for investment2012-01-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-01-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-01-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-01-31No
Opinion of an independent qualified public accountant for this plan2012-01-31Unqualified
Accountancy firm name2012-01-31PRICEWATERHOUSECOOPERS, LLP
Accountancy firm EIN2012-01-31134008324
2011 : RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC. 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$61,105
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$55,665
Total income from all sources (including contributions)2011-12-31$1,640,904
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$979,060
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$733,390
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,001,000
Value of total assets at end of year2011-12-31$21,460,774
Value of total assets at beginning of year2011-12-31$20,793,490
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$245,670
Total interest from all sources2011-12-31$0
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
Administrative expenses professional fees incurred2011-12-31$245,670
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$20,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Other income not declared elsewhere2011-12-31$-4
Liabilities. Value of operating payables at end of year2011-12-31$61,105
Liabilities. Value of operating payables at beginning of year2011-12-31$55,665
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$661,844
Value of net assets at end of year (total assets less liabilities)2011-12-31$21,399,669
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$20,737,825
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 master investment trust accounts at end of year2011-12-31$20,813,118
Value of interest in master investment trust accounts at beginning of year2011-12-31$18,663,834
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$1,001,000
Employer contributions (assets) at end of year2011-12-31$647,656
Employer contributions (assets) at beginning of year2011-12-31$2,129,656
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$733,390
Did the plan have assets held for investment2011-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party 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)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31PRICEWATERHOUSECOOPERS, LLP
Accountancy firm EIN2011-12-31134008324
2010 : RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC. 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$55,665
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$60,207
Total income from all sources (including contributions)2010-12-31$7,656,596
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$923,959
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$681,380
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$5,672,822
Value of total assets at end of year2010-12-31$20,793,490
Value of total assets at beginning of year2010-12-31$14,065,395
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$242,579
Total interest from all sources2010-12-31$0
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 year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$242,579
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$20,000,000
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
Liabilities. Value of operating payables at end of year2010-12-31$55,665
Liabilities. Value of operating payables at beginning of year2010-12-31$60,207
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$6,732,637
Value of net assets at end of year (total assets less liabilities)2010-12-31$20,737,825
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$14,005,188
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 master investment trust accounts at end of year2010-12-31$18,663,834
Value of interest in master investment trust accounts at beginning of year2010-12-31$12,054,207
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$5,672,822
Employer contributions (assets) at end of year2010-12-31$2,129,656
Employer contributions (assets) at beginning of year2010-12-31$2,011,188
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$681,380
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 plan2010-12-31Unqualified
Accountancy firm name2010-12-31PRICEWATERHOUSECOOPERS, LLP
Accountancy firm EIN2010-12-31134008324
2009 : RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC. 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 RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC.

2009: RETIREMENT PLAN FOR EMPLOYEES OF POWER PARAGON, INC. 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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