401k Plan data: THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN plan

THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN
Plan identification number	001

THE SKYWAY GROUP, INC. 401(K) 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.
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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

THE SKYWAY GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name: THE SKYWAY GROUP, INC.

Employer identification number (EIN): 742255947

NAIC Classification: 336410

Additional information about THE SKYWAY GROUP, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 2005-10-19

Company Identification Number: 0800559846

Legal Registered Office Address: 122 HOWARD LANGFORD DR

UVALDE
United States of America (USA)
78801

More information about THE SKYWAY GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2011-01-01 WILLIAM MICALE
001 2010-01-01 WILLIAM MICALE

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2011-01-01	WILLIAM MICALE
001	2010-01-01	WILLIAM MICALE

Plan Statistics for THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2011: THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 156
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 118
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 30
Total of all active and inactive participants 2011-01-01 148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 148
Number of participants with account balances 2011-01-01 83
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 4
2010: THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 136
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 107
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 50
Total of all active and inactive participants 2010-01-01 157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 157
Number of participants with account balances 2010-01-01 108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 3

Measure	Date	Value
2011: THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	156
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	118
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	30
Total of all active and inactive participants	2011-01-01	148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	148
Number of participants with account balances	2011-01-01	83
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	4
2010: THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	136
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	107
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	50
Total of all active and inactive participants	2010-01-01	157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	157
Number of participants with account balances	2010-01-01	108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	3

Financial Data on THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2011 : THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$228,704
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$104,206
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$96,968
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$262,229
Value of total assets at end of year	2011-12-31	$1,778,735
Value of total assets at beginning of year	2011-12-31	$1,654,237
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$7,238
Total interest from all sources	2011-12-31	$8,260
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$70,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$182,525
Participant contributions at end of year	2011-12-31	$104,801
Participant contributions at beginning of year	2011-12-31	$95,225
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$124,498
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$1,778,735
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$1,654,237
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in pooled separate accounts at end of year	2011-12-31	$1,420,992
Value of interest in pooled separate accounts at beginning of year	2011-12-31	$1,230,178
Interest on participant loans	2011-12-31	$3,084
Interest earned on other investments	2011-12-31	$5,176
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2011-12-31	$252,942
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$328,834
Net investment gain/loss from pooled separate accounts	2011-12-31	$-41,785
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$79,704
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$96,968
Contract administrator fees	2011-12-31	$7,238
Did the plan have assets held for investment	2011-12-31	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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	EDE & COMPANY CPA
Accountancy firm EIN	2011-12-31	742326989
2010 : THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$439,807
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$185,089
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$178,854
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$254,580
Value of total assets at end of year	2010-12-31	$1,654,237
Value of total assets at beginning of year	2010-12-31	$1,399,519
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$6,235
Total interest from all sources	2010-12-31	$8,444
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
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	$70,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$175,298
Participant contributions at end of year	2010-12-31	$95,225
Participant contributions at beginning of year	2010-12-31	$115,385
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	$254,718
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$1,654,237
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$1,399,519
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	$1,230,178
Value of interest in pooled separate accounts at beginning of year	2010-12-31	$1,039,953
Interest on participant loans	2010-12-31	$3,609
Interest earned on other investments	2010-12-31	$4,835
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$328,834
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$244,181
Net investment gain/loss from pooled separate accounts	2010-12-31	$176,783
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
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	$79,282
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$178,854
Contract administrator fees	2010-12-31	$6,235
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	EDE AND COMPANY
Accountancy firm EIN	2010-12-31	742326989

Form 5500 Responses for THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN

2011: THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
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 – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

THE SKYWAY GROUP, INC. 401(K) PROFIT SHARING PLAN [EIN = 203663865]

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Company Name:	THE SKYWAY GROUP, INC.
Employer identification number (EIN):	742255947
NAIC Classification:	336410

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	2005-10-19
Company Identification Number:	0800559846
Legal Registered Office Address:	122 HOWARD LANGFORD DR UVALDE United States of America (USA) 78801