401k Plan data: THE RAGS INC PROFIT SHARING PLAN plan

THE RAGS INC PROFIT SHARING PLAN 401k Plan overview

Plan Name	THE RAGS INC PROFIT SHARING PLAN
Plan identification number	001

THE RAGS INC PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing

401k Sponsoring company profile

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

Company Name: RAGS, INC.

Employer identification number (EIN): 541823418

NAIC Classification: 445292
NAIC Description: Confectionery and Nut Stores

Additional information about RAGS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 1996-09-18

Company Identification Number: 0472065

Legal Registered Office Address: 3816 GEORGE MASON

WILLIAMSBURG
United States of America (USA)
23188

More information about RAGS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RAGS INC PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2018-01-01 RALPH YOUNGS
001 2017-01-01 RALPH YOUNGS
001 2016-01-01 RALPH YOUNGS
001 2015-01-01 RALPH YOUNGS RALPH YOUNGS 2016-07-22
001 2014-01-01 RALPH YOUNGS RALPH YOUNGS 2015-07-21
001 2013-01-01 RALPH YOUNGS
001 2012-01-01 RALPH YOUNGS
001 2011-01-01 RALPH YOUNGS
001 2009-01-01 DOROTHY BENNETT

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2019-01-01
001	2018-01-01	RALPH YOUNGS
001	2017-01-01	RALPH YOUNGS
001	2016-01-01	RALPH YOUNGS
001	2015-01-01	RALPH YOUNGS	RALPH YOUNGS	2016-07-22
001	2014-01-01	RALPH YOUNGS	RALPH YOUNGS	2015-07-21
001	2013-01-01	RALPH YOUNGS
001	2012-01-01	RALPH YOUNGS
001	2011-01-01	RALPH YOUNGS
001	2009-01-01	DOROTHY BENNETT

Plan Statistics for THE RAGS INC PROFIT SHARING PLAN

401k plan membership statisitcs for THE RAGS INC PROFIT SHARING PLAN

Measure Date Value
2019: THE RAGS INC PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 2
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 2
Number of participants with account balances 2019-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: THE RAGS INC PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 2
Number of retired or separated participants receiving benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 2
Total participants 2018-01-01 2
2017: THE RAGS INC PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 2
Number of retired or separated participants receiving benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 2
Total participants 2017-01-01 2
2016: THE RAGS INC PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 2
Number of retired or separated participants receiving benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 2
Total participants 2016-01-01 2
2015: THE RAGS INC PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 2
Number of retired or separated participants receiving benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 2
Total participants 2015-01-01 2
2014: THE RAGS INC PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 2
Total of all active and inactive participants 2014-01-01 2
Total participants 2014-01-01 2
2013: THE RAGS INC PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 2
Total of all active and inactive participants 2013-01-01 2
Total participants 2013-01-01 2
2012: THE RAGS INC PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 2
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 2
2011: THE RAGS INC PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 2
Total of all active and inactive participants 2011-01-01 2
Total participants 2011-01-01 2
2009: THE RAGS INC PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 2
Total of all active and inactive participants 2009-01-01 2
Total participants 2009-01-01 2

Measure	Date	Value
2019: THE RAGS INC PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	2
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	2
Number of participants with account balances	2019-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: THE RAGS INC PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	2
Number of retired or separated participants receiving benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	2
Total participants	2018-01-01	2
2017: THE RAGS INC PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	2
Number of retired or separated participants receiving benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	2
Total participants	2017-01-01	2
2016: THE RAGS INC PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	2
Number of retired or separated participants receiving benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	2
Total participants	2016-01-01	2
2015: THE RAGS INC PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	2
Number of retired or separated participants receiving benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	2
Total participants	2015-01-01	2
2014: THE RAGS INC PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	2
Total of all active and inactive participants	2014-01-01	2
Total participants	2014-01-01	2
2013: THE RAGS INC PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	2
Total of all active and inactive participants	2013-01-01	2
Total participants	2013-01-01	2
2012: THE RAGS INC PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	2
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	2
2011: THE RAGS INC PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	2
Total of all active and inactive participants	2011-01-01	2
Total participants	2011-01-01	2
2009: THE RAGS INC PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	2
Total of all active and inactive participants	2009-01-01	2
Total participants	2009-01-01	2

Financial Data on THE RAGS INC PROFIT SHARING PLAN

Measure	Date	Value
2019 : THE RAGS INC PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$4,265
Expenses. Total of all expenses incurred	2019-12-31	$250
Total plan assets at end of year	2019-12-31	$123,491
Total plan assets at beginning of year	2019-12-31	$119,476
Expenses. Other expenses not covered elsewhere	2019-12-31	$250
Other income received	2019-12-31	$4,265
Net income (gross income less expenses)	2019-12-31	$4,015
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$123,491
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$119,476
Assets. Value of participant loans	2019-12-31	$104,344
2018 : THE RAGS INC PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$2,760
Expenses. Total of all expenses incurred	2018-12-31	$250
Total plan assets at end of year	2018-12-31	$119,476
Total plan assets at beginning of year	2018-12-31	$116,966
Expenses. Other expenses not covered elsewhere	2018-12-31	$250
Other income received	2018-12-31	$2,760
Net income (gross income less expenses)	2018-12-31	$2,510
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$119,476
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$116,966
Assets. Value of participant loans	2018-12-31	$104,344
2017 : THE RAGS INC PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$3,170
Expenses. Total of all expenses incurred	2017-12-31	$250
Total plan assets at end of year	2017-12-31	$116,966
Total plan assets at beginning of year	2017-12-31	$114,046
Expenses. Other expenses not covered elsewhere	2017-12-31	$250
Other income received	2017-12-31	$3,170
Net income (gross income less expenses)	2017-12-31	$2,920
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$116,966
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$114,046
Assets. Value of participant loans	2017-12-31	$104,344
2016 : THE RAGS INC PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$2,679
Expenses. Total of all expenses incurred	2016-12-31	$250
Total plan assets at end of year	2016-12-31	$114,046
Total plan assets at beginning of year	2016-12-31	$111,617
Expenses. Other expenses not covered elsewhere	2016-12-31	$250
Other income received	2016-12-31	$2,679
Net income (gross income less expenses)	2016-12-31	$2,429
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$114,046
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$111,617
Assets. Value of participant loans	2016-12-31	$104,344
2015 : THE RAGS INC PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$2,515
Expenses. Total of all expenses incurred	2015-12-31	$250
Total plan assets at end of year	2015-12-31	$111,617
Total plan assets at beginning of year	2015-12-31	$109,352
Expenses. Other expenses not covered elsewhere	2015-12-31	$250
Other income received	2015-12-31	$2,515
Net income (gross income less expenses)	2015-12-31	$2,265
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$111,617
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$109,352
Assets. Value of participant loans	2015-12-31	$104,344
2014 : THE RAGS INC PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$2,673
Expenses. Total of all expenses incurred	2014-12-31	$250
Total plan assets at end of year	2014-12-31	$109,352
Total plan assets at beginning of year	2014-12-31	$106,929
Expenses. Other expenses not covered elsewhere	2014-12-31	$250
Other income received	2014-12-31	$2,673
Net income (gross income less expenses)	2014-12-31	$2,423
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$109,352
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$106,929
Assets. Value of participant loans	2014-12-31	$104,344
2013 : THE RAGS INC PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$2,086
Expenses. Total of all expenses incurred	2013-12-31	$250
Total plan assets at end of year	2013-12-31	$106,929
Total plan assets at beginning of year	2013-12-31	$105,093
Expenses. Other expenses not covered elsewhere	2013-12-31	$250
Other income received	2013-12-31	$2,086
Net income (gross income less expenses)	2013-12-31	$1,836
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$106,929
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$105,093
Assets. Value of participant loans	2013-12-31	$104,344
2012 : THE RAGS INC PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$316
Expenses. Total of all expenses incurred	2012-12-31	$250
Benefits paid (including direct rollovers)	2012-12-31	$0
Total plan assets at end of year	2012-12-31	$105,093
Total plan assets at beginning of year	2012-12-31	$105,027
Total contributions received or receivable from participants	2012-12-31	$0
Expenses. Other expenses not covered elsewhere	2012-12-31	$250
Contributions received from other sources (not participants or employers)	2012-12-31	$0
Other income received	2012-12-31	$16
Noncash contributions received	2012-12-31	$0
Net income (gross income less expenses)	2012-12-31	$66
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$105,093
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$105,027
Assets. Value of participant loans	2012-12-31	$104,344
Total contributions received or receivable from employer(s)	2012-12-31	$300
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$0
2011 : THE RAGS INC PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$19
Expenses. Total of all expenses incurred	2011-12-31	$250
Total plan assets at end of year	2011-12-31	$105,027
Total plan assets at beginning of year	2011-12-31	$105,258
Expenses. Other expenses not covered elsewhere	2011-12-31	$250
Other income received	2011-12-31	$19
Net income (gross income less expenses)	2011-12-31	$-231
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$105,027
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$105,258
Assets. Value of participant loans	2011-12-31	$104,344
2010 : THE RAGS INC PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$9
Expenses. Total of all expenses incurred	2010-12-31	$500
Total plan assets at end of year	2010-12-31	$105,258
Total plan assets at beginning of year	2010-12-31	$105,749
Other income received	2010-12-31	$9
Net income (gross income less expenses)	2010-12-31	$-491
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$105,258
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$105,749
Assets. Value of participant loans	2010-12-31	$104,344
Value of certain deemed distributions of participant loans	2010-12-31	$500

Form 5500 Responses for THE RAGS INC PROFIT SHARING PLAN

2019: THE RAGS INC PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	Yes
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: THE RAGS INC PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	Yes
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: THE RAGS INC PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	Yes
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: THE RAGS INC PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	Yes
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: THE RAGS INC PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	Yes
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: THE RAGS INC PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	Yes
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: THE RAGS INC PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	Yes
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: THE RAGS INC PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	Yes
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: THE RAGS INC PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	Yes
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: THE RAGS INC PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	RAGS, INC.
Employer identification number (EIN):	541823418
NAIC Classification:	445292
NAIC Description:	Confectionery and Nut Stores

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	1996-09-18
Company Identification Number:	0472065
Legal Registered Office Address:	3816 GEORGE MASON WILLIAMSBURG United States of America (USA) 23188