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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).
  • 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

GULF COAST MACHINE AND SUPPLY CO. has sponsored the creation of one or more 401k plans.

Company Name:GULF COAST MACHINE AND SUPPLY CO.
Employer identification number (EIN):740661010
NAIC Classification:332110

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
0012010-08-01CHAD BATTENFIELD DAVE MACKIN2012-05-15
0012009-08-01CHAD BATTENFIELD DAVE MACKIN2011-05-16

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY

Measure Date Value
2010: RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2010 401k membership
Total participants, beginning-of-year2010-08-01320
Total number of active participants reported on line 7a of the Form 55002010-08-01117
Number of retired or separated participants receiving benefits2010-08-0165
Number of other retired or separated participants entitled to future benefits2010-08-0197
Total of all active and inactive participants2010-08-01279
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-08-0129
Total participants2010-08-01308
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-08-014
2009: RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2009 401k membership
Total participants, beginning-of-year2009-08-01339
Total number of active participants reported on line 7a of the Form 55002009-08-01132
Number of retired or separated participants receiving benefits2009-08-0163
Number of other retired or separated participants entitled to future benefits2009-08-0194
Total of all active and inactive participants2009-08-01289
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-08-0131
Total participants2009-08-01320
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-08-0113

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

Measure Date Value
2011 : RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-07-31$398,715
Total unrealized appreciation/depreciation of assets2011-07-31$398,715
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-07-31$27,195
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-07-31$25,276
Total income from all sources (including contributions)2011-07-31$1,693,359
Total loss/gain on sale of assets2011-07-31$242,284
Total of all expenses incurred2011-07-31$983,794
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-07-31$915,125
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-07-31$564,000
Value of total assets at end of year2011-07-31$11,771,767
Value of total assets at beginning of year2011-07-31$11,060,283
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-07-31$68,669
Total interest from all sources2011-07-31$37,242
Total dividends received (eg from common stock, registered investment company shares)2011-07-31$68,978
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-07-31No
Was this plan covered by a fidelity bond2011-07-31Yes
Value of fidelity bond cover2011-07-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-07-31$0
Were there any nonexempt tranactions with any party-in-interest2011-07-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-07-31$16,600
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-07-31$115,322
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-07-31$27,195
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-07-31$25,276
Other income not declared elsewhere2011-07-31$158,552
Administrative expenses (other) incurred2011-07-31$38,554
Total non interest bearing cash at end of year2011-07-31$-539
Total non interest bearing cash at beginning of year2011-07-31$220
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-07-31No
Value of net income/loss2011-07-31$709,565
Value of net assets at end of year (total assets less liabilities)2011-07-31$11,744,572
Value of net assets at beginning of year (total assets less liabilities)2011-07-31$11,035,007
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-07-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-07-31No
Were any leases to which the plan was party in default or uncollectible2011-07-31No
Investment advisory and management fees2011-07-31$30,115
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-07-31$7,487,111
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-07-31$2,481,806
Income. Interest from US Government securities2011-07-31$7,492
Income. Interest from corporate debt instruments2011-07-31$29,637
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-07-31$182,761
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-07-31$217,137
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-07-31$217,137
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-07-31$113
Asset value of US Government securities at end of year2011-07-31$0
Asset value of US Government securities at beginning of year2011-07-31$1,235,885
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-07-31$223,588
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-07-31Yes
Was there a failure to transmit to the plan any participant contributions2011-07-31No
Has the plan failed to provide any benefit when due under the plan2011-07-31No
Contributions received in cash from employer2011-07-31$564,000
Employer contributions (assets) at end of year2011-07-31$564,000
Employer contributions (assets) at beginning of year2011-07-31$943,000
Income. Dividends from common stock2011-07-31$68,978
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-07-31$915,125
Asset. Corporate debt instrument preferred debt at end of year2011-07-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2011-07-31$2,721,342
Assets. Corporate common stocks other than exployer securities at end of year2011-07-31$3,521,834
Assets. Corporate common stocks other than exployer securities at beginning of year2011-07-31$3,345,571
Did the plan have assets held for investment2011-07-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-07-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-07-31No
Aggregate proceeds on sale of assets2011-07-31$24,113,278
Aggregate carrying amount (costs) on sale of assets2011-07-31$23,870,994
Liabilities. Value of acquisition indebtedness at end of year2011-07-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2011-07-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-07-31Yes
Opinion of an independent qualified public accountant for this plan2011-07-31Disclaimer
Accountancy firm name2011-07-31FUNCHESS, MILLS, WHITE & CO., P.C.
Accountancy firm EIN2011-07-31760154479
2010 : RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-07-31$0

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

2010: RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2010 form 5500 responses
2010-08-01Type of plan entitySingle employer plan
2010-08-01Submission has been amendedNo
2010-08-01This submission is the final filingNo
2010-08-01This return/report is a short plan year return/report (less than 12 months)No
2010-08-01Plan is a collectively bargained planNo
2010-08-01Plan funding arrangement – TrustYes
2010-08-01Plan benefit arrangement - TrustYes
2009: RETIREMENT PLAN FOR EMPLOYEES OF GULF COAST MACHINE & SUPPLY COMPANY 2009 form 5500 responses
2009-08-01Type of plan entitySingle employer plan
2009-08-01Submission has been amendedNo
2009-08-01This submission is the final filingNo
2009-08-01This return/report is a short plan year return/report (less than 12 months)No
2009-08-01Plan is a collectively bargained planNo
2009-08-01Plan funding arrangement – TrustYes
2009-08-01Plan benefit arrangement - TrustYes

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