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NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameNEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

NEW AMERICAN EMBROIDERY, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW AMERICAN EMBROIDERY, INC.
Employer identification number (EIN):823930411
NAIC Classification:315280
NAIC Description:Other Cut and Sew Apparel Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01DAN THOMPSON2024-12-10
0022022-01-01
0022022-01-01DAN THOMPSON2024-12-10
0022021-01-01
0022021-01-01MICHAEL MILLER
0022020-01-01DAN THOMPSON2021-09-22
0022019-01-01DAN THOMPSON2020-09-24
0022018-01-01MICHAEL S MILLER2019-08-27
0022018-01-01DAN THOMPSON2019-09-11

Financial Data on NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$3,803,029
Total plan liabilities at beginning of year2023-12-31$4,003,459
Total income from all sources2023-12-31$261,494
Expenses. Total of all expenses incurred2023-12-31$111,064
Benefits paid (including direct rollovers)2023-12-31$1,151
Total plan assets at end of year2023-12-31$320,000
Total plan assets at beginning of year2023-12-31$370,000
Expenses. Other expenses not covered elsewhere2023-12-31$109,838
Other income received2023-12-31$-50,000
Net income (gross income less expenses)2023-12-31$150,430
Net plan assets at end of year (total assets less liabilities)2023-12-31$-3,483,029
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$-3,633,459
Assets. Value of employer securities2023-12-31$320,000
Total contributions received or receivable from employer(s)2023-12-31$311,494
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$75
2022 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$4,003,459
Total plan liabilities at beginning of year2022-12-31$4,200,673
Total income from all sources2022-12-31$273,111
Expenses. Total of all expenses incurred2022-12-31$115,371
Benefits paid (including direct rollovers)2022-12-31$2,753
Total plan assets at end of year2022-12-31$445,000
Total plan assets at beginning of year2022-12-31$484,474
Expenses. Other expenses not covered elsewhere2022-12-31$115,371
Other income received2022-12-31$-39,474
Net income (gross income less expenses)2022-12-31$157,740
Net plan assets at end of year (total assets less liabilities)2022-12-31$-3,558,459
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$-3,716,199
Assets. Value of employer securities2022-12-31$445,000
Total contributions received or receivable from employer(s)2022-12-31$312,585
2021 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$4,200,673
Total plan liabilities at beginning of year2021-12-31$4,600,000
Total income from all sources2021-12-31$290,279
Expenses. Total of all expenses incurred2021-12-31$121,673
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$484,474
Total plan assets at beginning of year2021-12-31$715,195
Expenses. Other expenses not covered elsewhere2021-12-31$121,673
Other income received2021-12-31$-70,195
Net income (gross income less expenses)2021-12-31$168,606
Net plan assets at end of year (total assets less liabilities)2021-12-31$-3,716,199
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$-3,884,805
Assets. Value of employer securities2021-12-31$445,000
Total contributions received or receivable from employer(s)2021-12-31$360,474
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$4,600,000
Total plan liabilities at beginning of year2020-12-31$4,800,000
Total income from all sources2020-12-31$246,557
Expenses. Total of all expenses incurred2020-12-31$128,241
Total plan assets at end of year2020-12-31$715,195
Total plan assets at beginning of year2020-12-31$796,879
Expenses. Other expenses not covered elsewhere2020-12-31$128,241
Other income received2020-12-31$-80,068
Net income (gross income less expenses)2020-12-31$118,316
Net plan assets at end of year (total assets less liabilities)2020-12-31$-3,884,805
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$-4,003,121
Assets. Value of employer securities2020-12-31$384,000
Total contributions received or receivable from employer(s)2020-12-31$326,625
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$4,800,000
Total plan liabilities at beginning of year2019-12-31$5,000,000
Total income from all sources2019-12-31$-370,197
Expenses. Total of all expenses incurred2019-12-31$134,953
Total plan assets at end of year2019-12-31$796,879
Total plan assets at beginning of year2019-12-31$1,502,029
Expenses. Other expenses not covered elsewhere2019-12-31$134,953
Other income received2019-12-31$-680,735
Net income (gross income less expenses)2019-12-31$-505,150
Net plan assets at end of year (total assets less liabilities)2019-12-31$-4,003,121
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$-3,497,971
Assets. Value of employer securities2019-12-31$461,926
Total contributions received or receivable from employer(s)2019-12-31$310,538
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$5,000,000
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-3,360,471
Expenses. Total of all expenses incurred2018-12-31$137,500
Total plan assets at end of year2018-12-31$1,502,029
Total plan assets at beginning of year2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$137,500
Other income received2018-12-31$-3,697,971
Net income (gross income less expenses)2018-12-31$-3,497,971
Net plan assets at end of year (total assets less liabilities)2018-12-31$-3,497,971
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of employer securities2018-12-31$1,164,529
Total contributions received or receivable from employer(s)2018-12-31$337,500
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0

Form 5500 Responses for NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2023: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01First time form 5500 has been submittedYes
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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