401k Plan data: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN plan

SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 401k Plan overview

Plan Name	SCOTCH LUMBER COMPANY PROFIT SHARING PLAN
Plan identification number	001

SCOTCH LUMBER COMPANY PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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.

401k Sponsoring company profile

SCOTCH LUMBER COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name: SCOTCH LUMBER COMPANY, INC.

Employer identification number (EIN): 630522991

NAIC Classification: 321110

Additional information about SCOTCH LUMBER COMPANY, INC.

Jurisdiction of Incorporation: Alabama Secretary of State

Incorporation Date: 1996-11-26

Company Identification Number: 183-701

Legal Registered Office Address: NO 1 MAIN ST FULTON,

United States of America (USA)
36446

More information about SCOTCH LUMBER COMPANY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCOTCH LUMBER COMPANY PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2013-01-01 AMY HORTON 2014-10-15 AMY HORTON 2014-10-15
001 2012-01-01 AMY K. HORTON
001 2011-01-01 AMY K. HORTON
001 2010-01-01 AMY K. HORTON
001 2009-01-01 BILL SCARBROUGH
001 2007-01-01 BILL SCARBROUGH

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2013-01-01	AMY HORTON	2014-10-15	AMY HORTON	2014-10-15
001	2012-01-01	AMY K. HORTON
001	2011-01-01	AMY K. HORTON
001	2010-01-01	AMY K. HORTON
001	2009-01-01	BILL SCARBROUGH
001	2007-01-01	BILL SCARBROUGH

Plan Statistics for SCOTCH LUMBER COMPANY PROFIT SHARING PLAN

401k plan membership statisitcs for SCOTCH LUMBER COMPANY PROFIT SHARING PLAN

Measure Date Value
2012: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 58
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 6
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 44
Total of all active and inactive participants 2012-01-01 50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 50
Number of participants with account balances 2012-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 99
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 58
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 58
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 58
Number of participants with account balances 2011-01-01 56
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 111
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 36
Number of retired or separated participants receiving benefits 2010-01-01 1
Number of other retired or separated participants entitled to future benefits 2010-01-01 62
Total of all active and inactive participants 2010-01-01 99
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 99
Number of participants with account balances 2010-01-01 99
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 189
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 111
Total of all active and inactive participants 2009-01-01 111
Total participants 2009-01-01 111
Number of participants with account balances 2009-01-01 116
2007: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year 2007-01-01 222
Total number of active participants reported on line 7a of the Form 5500 2007-01-01 210
Total of all active and inactive participants 2007-01-01 210
Total participants 2007-01-01 210
Number of participants with account balances 2007-01-01 235

Measure	Date	Value
2012: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	58
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	6
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	44
Total of all active and inactive participants	2012-01-01	50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	50
Number of participants with account balances	2012-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	99
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	58
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	58
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	58
Number of participants with account balances	2011-01-01	56
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	111
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	36
Number of retired or separated participants receiving benefits	2010-01-01	1
Number of other retired or separated participants entitled to future benefits	2010-01-01	62
Total of all active and inactive participants	2010-01-01	99
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	99
Number of participants with account balances	2010-01-01	99
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	189
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	111
Total of all active and inactive participants	2009-01-01	111
Total participants	2009-01-01	111
Number of participants with account balances	2009-01-01	116
2007: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year	2007-01-01	222
Total number of active participants reported on line 7a of the Form 5500	2007-01-01	210
Total of all active and inactive participants	2007-01-01	210
Total participants	2007-01-01	210
Number of participants with account balances	2007-01-01	235

Financial Data on SCOTCH LUMBER COMPANY PROFIT SHARING PLAN

Measure	Date	Value
2012 : SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$272,459
Expenses. Total of all expenses incurred	2012-12-31	$102,645
Benefits paid (including direct rollovers)	2012-12-31	$101,714
Total plan assets at end of year	2012-12-31	$1,983,926
Total plan assets at beginning of year	2012-12-31	$1,814,112
Value of fidelity bond covering the plan	2012-12-31	$500,000
Total contributions received or receivable from participants	2012-12-31	$18,978
Other income received	2012-12-31	$249,113
Net income (gross income less expenses)	2012-12-31	$169,814
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,983,926
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,814,112
Assets. Value of participant loans	2012-12-31	$30,800
Total contributions received or receivable from employer(s)	2012-12-31	$4,368
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$931
2011 : SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan	2011-12-31	$-1,510,099
Total income from all sources	2011-12-31	$-44,670
Expenses. Total of all expenses incurred	2011-12-31	$807,003
Benefits paid (including direct rollovers)	2011-12-31	$805,619
Total plan assets at end of year	2011-12-31	$1,814,112
Total plan assets at beginning of year	2011-12-31	$4,175,884
Value of fidelity bond covering the plan	2011-12-31	$500,000
Total contributions received or receivable from participants	2011-12-31	$17,966
Contributions received from other sources (not participants or employers)	2011-12-31	$31,089
Other income received	2011-12-31	$-97,847
Net income (gross income less expenses)	2011-12-31	$-851,673
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,814,112
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$4,175,884
Assets. Value of participant loans	2011-12-31	$29,623
Total contributions received or receivable from employer(s)	2011-12-31	$4,122
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$1,384
2010 : SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$426,107
Total unrealized appreciation/depreciation of assets	2010-12-31	$426,107
Total income from all sources (including contributions)	2010-12-31	$585,653
Total of all expenses incurred	2010-12-31	$1,723,441
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$1,705,087
Expenses. Certain deemed distributions of participant loans	2010-12-31	$16,406
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$135,086
Value of total assets at end of year	2010-12-31	$4,175,884
Value of total assets at beginning of year	2010-12-31	$5,313,672
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$1,948
Total interest from all sources	2010-12-31	$24,460
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$500,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$58,795
Participant contributions at end of year	2010-12-31	$85,420
Participant contributions at beginning of year	2010-12-31	$151,091
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$72,827
Total non interest bearing cash at beginning of year	2010-12-31	$6,638
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-1,137,788
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$4,175,884
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$5,313,672
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in pooled separate accounts at end of year	2010-12-31	$3,740,678
Value of interest in pooled separate accounts at beginning of year	2010-12-31	$4,447,246
Interest on participant loans	2010-12-31	$5,655
Interest earned on other investments	2010-12-31	$18,805
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$3,118
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$346,668
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$708,697
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$3,464
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$1,705,087
Contract administrator fees	2010-12-31	$1,948
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	LANIGAN & ASSOCIATES PC
Accountancy firm EIN	2010-12-31	581304721

Form 5500 Responses for SCOTCH LUMBER COMPANY PROFIT SHARING PLAN

2012: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	This submission is the final filing	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2007: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2007 form 5500 responses
2007-01-01	Type of plan entity	Single employer plan
2007-01-01	Submission has been amended	Yes
2007-01-01	This submission is the final filing	No
2007-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2007-01-01	Plan is a collectively bargained plan	No
2007-01-01	Plan funding arrangement – Insurance	Yes
2007-01-01	Plan benefit arrangement – Insurance	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number	67388
Policy instance	1
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number	67388
Policy instance	1
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number	67388
Policy instance	1

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Company Name:	SCOTCH LUMBER COMPANY, INC.
Employer identification number (EIN):	630522991
NAIC Classification:	321110

Jurisdiction of Incorporation:	Alabama Secretary of State
Incorporation Date:	1996-11-26
Company Identification Number:	183-701
Legal Registered Office Address:	NO 1 MAIN ST FULTON, United States of America (USA) 36446