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HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN 401k Plan overview

Plan NameHOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN
Plan identification number 002

HOOD CONTAINER CORPORATION 401(K) SAVINGS 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

HOOD CONTAINER CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:HOOD CONTAINER CORPORATION
Employer identification number (EIN):455429198
NAIC Classification:322100

Additional information about HOOD CONTAINER CORPORATION

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2016-06-17
Company Identification Number: 0802483066
Legal Registered Office Address: 1978 HOOD BLVD STE 350

HATTIESBURG
United States of America (USA)
39401

More information about HOOD CONTAINER CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01KRISTEN SLOAN2021-08-02 KRISTEN SLOAN2021-08-02
0022019-01-01JENNA AGUILAR2020-07-31 JENNA AGUILAR2020-07-31
0022018-01-01JOHN LANGSTON2019-08-05 JOHN LANGSTON2019-08-05
0022017-01-01JOHN LANGSTON2018-07-31 JOHN LANGSTON2018-07-31
0022017-01-01CARLA MINDINGALL2018-06-29 CARLA MINDINGALL2018-06-29
0022016-01-01JOHN LANGSTON2017-10-16 JOHN LANGSTON2017-10-16
0022015-01-01TRACY SMITH2016-08-25 TRACY SMITH2016-08-25
0022014-01-01TRACY SMITH2015-07-28 TRACY SMITH2015-07-28
0022013-01-01TRACY SMITH2014-07-28 TRACY SMITH2014-07-28
0022012-07-02TRACY SMITH2013-07-31 TRACY SMITH2013-07-31

Plan Statistics for HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN

401k plan membership statisitcs for HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN

Measure Date Value
2022: HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-012,946
Total number of active participants reported on line 7a of the Form 55002022-01-012,563
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01278
Total of all active and inactive participants2022-01-012,841
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-012,842
Number of participants with account balances2022-01-012,139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-015
2021: HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-012,225
Total number of active participants reported on line 7a of the Form 55002021-01-012,354
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01337
Total of all active and inactive participants2021-01-012,691
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-015
Total participants2021-01-012,696
Number of participants with account balances2021-01-012,245
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-019

Financial Data on HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN

Measure Date Value
2022 : HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$16,353
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-2,786,601
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$15,830,564
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$15,472,884
Expenses. Certain deemed distributions of participant loans2022-12-31$772
Value of total corrective distributions2022-12-31$920
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$22,777,554
Value of total assets at end of year2022-12-31$138,431,379
Value of total assets at beginning of year2022-12-31$157,032,191
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$355,988
Total interest from all sources2022-12-31$192,647
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$162,952
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$162,952
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$11,036,536
Participant contributions at end of year2022-12-31$3,572,381
Participant contributions at beginning of year2022-12-31$3,140,424
Participant contributions at end of year2022-12-31$93,941
Participant contributions at beginning of year2022-12-31$72,877
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$5,763,094
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$6,318
Other income not declared elsewhere2022-12-31$18,239
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-18,617,165
Value of net assets at end of year (total assets less liabilities)2022-12-31$138,431,379
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$157,032,191
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$14,119,920
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$6,594,982
Value of interest in pooled separate accounts at end of year2022-12-31$539,617
Value of interest in pooled separate accounts at beginning of year2022-12-31$11,737,879
Interest on participant loans2022-12-31$171,883
Interest earned on other investments2022-12-31$20,764
Value of interest in common/collective trusts at end of year2022-12-31$118,759,169
Value of interest in common/collective trusts at beginning of year2022-12-31$134,067,083
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$1,287,102
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$1,366,128
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,102,784
Net investment gain/loss from pooled separate accounts2022-12-31$-2,645,754
Net investment gain or loss from common/collective trusts2022-12-31$-22,189,455
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$5,977,924
Employer contributions (assets) at end of year2022-12-31$59,249
Employer contributions (assets) at beginning of year2022-12-31$52,818
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$15,466,566
Contract administrator fees2022-12-31$355,988
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31HORNE LLP
Accountancy firm EIN2022-12-31201941244
2021 : HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN 2021 401k financial data
Total transfer of assets to this plan2021-12-31$106,292,035
Total transfer of assets from this plan2021-12-31$15,190
Total income from all sources (including contributions)2021-12-31$54,088,756
Total of all expenses incurred2021-12-31$12,643,694
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$11,924,416
Expenses. Certain deemed distributions of participant loans2021-12-31$424,811
Value of total corrective distributions2021-12-31$1,511
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$38,613,349
Value of total assets at end of year2021-12-31$157,032,191
Value of total assets at beginning of year2021-12-31$9,310,284
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$292,956
Total interest from all sources2021-12-31$173,407
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$38,754
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$38,754
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$11,054,380
Participant contributions at end of year2021-12-31$3,140,424
Participant contributions at beginning of year2021-12-31$83,641
Participant contributions at end of year2021-12-31$72,877
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$21,560,988
Other income not declared elsewhere2021-12-31$224
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$41,445,062
Value of net assets at end of year (total assets less liabilities)2021-12-31$157,032,191
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$9,310,284
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$6,594,982
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$580,018
Value of interest in pooled separate accounts at end of year2021-12-31$11,737,879
Value of interest in pooled separate accounts at beginning of year2021-12-31$2,914,392
Interest on participant loans2021-12-31$149,200
Interest earned on other investments2021-12-31$24,207
Value of interest in common/collective trusts at end of year2021-12-31$134,067,083
Value of interest in common/collective trusts at beginning of year2021-12-31$5,732,233
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$1,366,128
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$801,181
Net investment gain/loss from pooled separate accounts2021-12-31$1,664,940
Net investment gain or loss from common/collective trusts2021-12-31$12,796,901
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$5,997,981
Employer contributions (assets) at end of year2021-12-31$52,818
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$11,924,416
Contract administrator fees2021-12-31$292,956
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31HORNE LLP
Accountancy firm EIN2021-12-31201941244

Form 5500 Responses for HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN

2022: HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: HOOD CONTAINER CORPORATION 401(K) SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number523892
Policy instance 1
Insurance contract or identification number523892
Number of Individuals Covered2842
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $7,045
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7,045
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 2
Insurance contract or identification number613953
Number of Individuals Covered2842
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $872
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $872
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number523892
Policy instance 1
Insurance contract or identification number523892
Number of Individuals Covered2696
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $8,102
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $8,102
Amount paid for insurance broker fees0
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 2
Insurance contract or identification number613953
Number of Individuals Covered2696
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $1,160
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,160
Amount paid for insurance broker fees0
Insurance broker organization code?3

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