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RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY
Plan identification number 001

RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 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 covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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

GCMS PENSION HOLDINGS, INC has sponsored the creation of one or more 401k plans.

Company Name:GCMS PENSION HOLDINGS, INC
Employer identification number (EIN):461046267
NAIC Classification:551112
NAIC Description:Offices of Other Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-08-01MICHAEL HERING
0012014-08-01MICHAEL HERING
0012013-08-01MICHAEL HERING
0012012-08-01MICHAEL HERING
0012011-08-01MICHAEL HERING

Financial Data on RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY

Measure Date Value
2015 : RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2015 401k financial data
Total income from all sources2015-12-31$521
Expenses. Total of all expenses incurred2015-12-31$5,688
Total plan assets at end of year2015-12-31$0
Total plan assets at beginning of year2015-12-31$5,167
Value of fidelity bond covering the plan2015-12-31$500,000
Other income received2015-12-31$521
Net income (gross income less expenses)2015-12-31$-5,167
Net plan assets at end of year (total assets less liabilities)2015-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$5,167
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$5,688
Total plan liabilities at beginning of year2015-07-31$7,914
Total income from all sources2015-07-31$776
Expenses. Total of all expenses incurred2015-07-31$32,699
Total plan assets at end of year2015-07-31$5,167
Total plan assets at beginning of year2015-07-31$45,004
Value of fidelity bond covering the plan2015-07-31$500,000
Other income received2015-07-31$776
Net income (gross income less expenses)2015-07-31$-31,923
Net plan assets at end of year (total assets less liabilities)2015-07-31$5,167
Net plan assets at beginning of year (total assets less liabilities)2015-07-31$37,090
Expenses. Administrative service providers (salaries,fees and commissions)2015-07-31$32,699
2014 : RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-07-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-07-31$7,914
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-07-31$27,456
Total income from all sources (including contributions)2014-07-31$2,775,010
Total loss/gain on sale of assets2014-07-31$142,441
Total of all expenses incurred2014-07-31$16,791,693
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-07-31$16,599,524
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-07-31$2,235,536
Value of total assets at end of year2014-07-31$45,004
Value of total assets at beginning of year2014-07-31$14,081,229
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-07-31$192,169
Total interest from all sources2014-07-31$156
Total dividends received (eg from common stock, registered investment company shares)2014-07-31$247,170
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-07-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2014-07-31$0
Total dividends received from registered investment company shares (eg mutual funds)2014-07-31$230,039
Was this plan covered by a fidelity bond2014-07-31Yes
Value of fidelity bond cover2014-07-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-07-31$0
Were there any nonexempt tranactions with any party-in-interest2014-07-31No
Income. Received or receivable in cash from other sources (including rollovers)2014-07-31$2,235,536
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-07-31$42,446
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-07-31$8,066
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-07-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-07-31$27,456
Other income not declared elsewhere2014-07-31$1,838
Administrative expenses (other) incurred2014-07-31$174,939
Liabilities. Value of operating payables at end of year2014-07-31$7,914
Liabilities. Value of operating payables at beginning of year2014-07-31$0
Total non interest bearing cash at end of year2014-07-31$-1,472
Total non interest bearing cash at beginning of year2014-07-31$-4,477
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-07-31No
Value of net income/loss2014-07-31$-14,016,683
Value of net assets at end of year (total assets less liabilities)2014-07-31$37,090
Value of net assets at beginning of year (total assets less liabilities)2014-07-31$14,053,773
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-07-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-07-31No
Were any leases to which the plan was party in default or uncollectible2014-07-31No
Investment advisory and management fees2014-07-31$17,230
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-07-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-07-31$11,965,021
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-07-31$4,030
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-07-31$694,745
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-07-31$694,745
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-07-31$156
Expenses. Payments to insurance carriers foe the provision of benefits2014-07-31$9,494,702
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-07-31$147,869
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-07-31Yes
Was there a failure to transmit to the plan any participant contributions2014-07-31No
Has the plan failed to provide any benefit when due under the plan2014-07-31No
Income. Dividends from common stock2014-07-31$17,131
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-07-31$7,104,822
Assets. Corporate common stocks other than exployer securities at end of year2014-07-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2014-07-31$1,417,874
Did the plan have assets held for investment2014-07-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-07-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-07-31No
Aggregate proceeds on sale of assets2014-07-31$27,800,787
Aggregate carrying amount (costs) on sale of assets2014-07-31$27,658,346
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-07-31Yes
Opinion of an independent qualified public accountant for this plan2014-07-31Disclaimer
Accountancy firm name2014-07-31FMW, P.C.
Accountancy firm EIN2014-07-31760154479
2013 : RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-07-31$260,842
Total unrealized appreciation/depreciation of assets2013-07-31$260,842
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-07-31$27,456
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-07-31$36,795
Total income from all sources (including contributions)2013-07-31$578,073
Total loss/gain on sale of assets2013-07-31$180,750
Total of all expenses incurred2013-07-31$4,068,403
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-07-31$3,881,292
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-07-31$0
Value of total assets at end of year2013-07-31$14,081,229
Value of total assets at beginning of year2013-07-31$17,580,898
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-07-31$187,111
Total interest from all sources2013-07-31$131
Total dividends received (eg from common stock, registered investment company shares)2013-07-31$43,823
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-07-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-07-31$0
Administrative expenses professional fees incurred2013-07-31$59,700
Was this plan covered by a fidelity bond2013-07-31Yes
Value of fidelity bond cover2013-07-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-07-31$0
Were there any nonexempt tranactions with any party-in-interest2013-07-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-07-31$8,066
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-07-31$11,854
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-07-31$27,456
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-07-31$36,795
Other income not declared elsewhere2013-07-31$69
Administrative expenses (other) incurred2013-07-31$89,003
Total non interest bearing cash at end of year2013-07-31$-4,477
Total non interest bearing cash at beginning of year2013-07-31$-1,708
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-07-31No
Value of net income/loss2013-07-31$-3,490,330
Value of net assets at end of year (total assets less liabilities)2013-07-31$14,053,773
Value of net assets at beginning of year (total assets less liabilities)2013-07-31$17,544,103
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-07-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-07-31No
Were any leases to which the plan was party in default or uncollectible2013-07-31No
Investment advisory and management fees2013-07-31$38,408
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-07-31$11,965,021
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-07-31$6,795,092
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-07-31$694,745
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-07-31$234,166
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-07-31$234,166
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-07-31$131
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-07-31$92,458
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-07-31Yes
Was there a failure to transmit to the plan any participant contributions2013-07-31No
Has the plan failed to provide any benefit when due under the plan2013-07-31No
Contributions received in cash from employer2013-07-31$0
Employer contributions (assets) at end of year2013-07-31$0
Employer contributions (assets) at beginning of year2013-07-31$7,000,000
Income. Dividends from common stock2013-07-31$43,823
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-07-31$3,881,292
Assets. Corporate common stocks other than exployer securities at end of year2013-07-31$1,417,874
Assets. Corporate common stocks other than exployer securities at beginning of year2013-07-31$3,541,494
Did the plan have assets held for investment2013-07-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-07-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-07-31No
Aggregate proceeds on sale of assets2013-07-31$31,628,863
Aggregate carrying amount (costs) on sale of assets2013-07-31$31,448,113
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-07-31Yes
Opinion of an independent qualified public accountant for this plan2013-07-31Disclaimer
Accountancy firm name2013-07-31FUNCHESS, MILLS, WHITE & CO., P.C.
Accountancy firm EIN2013-07-31760154479
2012 : RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-07-31$124,648
Total unrealized appreciation/depreciation of assets2012-07-31$124,648
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-07-31$36,795
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-07-31$27,195
Total income from all sources (including contributions)2012-07-31$6,859,542
Total loss/gain on sale of assets2012-07-31$-86,449
Total of all expenses incurred2012-07-31$1,060,011
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-07-31$1,000,796
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-07-31$7,000,000
Value of total assets at end of year2012-07-31$17,580,898
Value of total assets at beginning of year2012-07-31$11,771,767
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-07-31$59,215
Total interest from all sources2012-07-31$27
Total dividends received (eg from common stock, registered investment company shares)2012-07-31$69,458
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-07-31No
Was this plan covered by a fidelity bond2012-07-31Yes
Value of fidelity bond cover2012-07-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-07-31$0
Were there any nonexempt tranactions with any party-in-interest2012-07-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-07-31$11,854
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-07-31$16,600
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-07-31$36,795
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-07-31$27,195
Other income not declared elsewhere2012-07-31$38
Administrative expenses (other) incurred2012-07-31$20,153
Total non interest bearing cash at end of year2012-07-31$-1,708
Total non interest bearing cash at beginning of year2012-07-31$-539
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-07-31No
Value of net income/loss2012-07-31$5,799,531
Value of net assets at end of year (total assets less liabilities)2012-07-31$17,544,103
Value of net assets at beginning of year (total assets less liabilities)2012-07-31$11,744,572
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-07-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-07-31No
Were any leases to which the plan was party in default or uncollectible2012-07-31No
Investment advisory and management fees2012-07-31$39,062
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-07-31$6,795,092
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-07-31$7,487,111
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-07-31$234,166
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-07-31$182,761
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-07-31$182,761
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-07-31$27
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-07-31$-248,180
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-07-31Yes
Was there a failure to transmit to the plan any participant contributions2012-07-31No
Has the plan failed to provide any benefit when due under the plan2012-07-31No
Contributions received in cash from employer2012-07-31$7,000,000
Employer contributions (assets) at end of year2012-07-31$7,000,000
Employer contributions (assets) at beginning of year2012-07-31$564,000
Income. Dividends from common stock2012-07-31$69,458
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-07-31$1,000,796
Assets. Corporate common stocks other than exployer securities at end of year2012-07-31$3,541,494
Assets. Corporate common stocks other than exployer securities at beginning of year2012-07-31$3,521,834
Did the plan have assets held for investment2012-07-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-07-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-07-31No
Aggregate proceeds on sale of assets2012-07-31$6,203,207
Aggregate carrying amount (costs) on sale of assets2012-07-31$6,289,656
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-07-31Yes
Opinion of an independent qualified public accountant for this plan2012-07-31Disclaimer
Accountancy firm name2012-07-31FUNCHESS, MILLS, WHITE & CO., P.C.
Accountancy firm EIN2012-07-31760154479

Form 5500 Responses for RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY

2015: RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2015 form 5500 responses
2015-08-01Type of plan entitySingle employer plan
2015-08-01This submission is the final filingYes
2015-08-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-08-01Plan funding arrangement – TrustYes
2015-08-01Plan benefit arrangement - TrustYes
2014: RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2014 form 5500 responses
2014-08-01Type of plan entitySingle employer plan
2014-08-01Plan funding arrangement – TrustYes
2014-08-01Plan benefit arrangement - TrustYes
2013: RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2013 form 5500 responses
2013-08-01Type of plan entitySingle employer plan
2013-08-01Submission has been amendedNo
2013-08-01This submission is the final filingNo
2013-08-01This return/report is a short plan year return/report (less than 12 months)No
2013-08-01Plan is a collectively bargained planNo
2013-08-01Plan funding arrangement – InsuranceYes
2013-08-01Plan funding arrangement – TrustYes
2013-08-01Plan benefit arrangement – InsuranceYes
2013-08-01Plan benefit arrangement - TrustYes
2012: RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2012 form 5500 responses
2012-08-01Type of plan entitySingle employer plan
2012-08-01Submission has been amendedNo
2012-08-01This submission is the final filingNo
2012-08-01This return/report is a short plan year return/report (less than 12 months)No
2012-08-01Plan is a collectively bargained planNo
2012-08-01Plan funding arrangement – TrustYes
2012-08-01Plan benefit arrangement - TrustYes
2011: RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2011 form 5500 responses
2011-08-01Type of plan entitySingle employer plan
2011-08-01Submission has been amendedNo
2011-08-01This submission is the final filingNo
2011-08-01This return/report is a short plan year return/report (less than 12 months)No
2011-08-01Plan is a collectively bargained planNo
2011-08-01Plan funding arrangement – TrustYes
2011-08-01Plan benefit arrangement - TrustYes

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