401k Plan data: AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN plan

AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN
Plan identification number	001

AMERICAN FURNITURE COMPANY 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.
Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

AMERICAN FURNITURE COMPANY has sponsored the creation of one or more 401k plans.

Company Name: AMERICAN FURNITURE COMPANY

Employer identification number (EIN): 850019660

Additional information about AMERICAN FURNITURE COMPANY

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1956-07-19

Company Identification Number: 194709

More information about AMERICAN FURNITURE COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2005-02-01 TED LEVEQUE

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2005-02-01	TED LEVEQUE

Plan Statistics for AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN

Measure Date Value
2005: AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN 2005 401k membership
Total participants, beginning-of-year 2005-02-01 696
Total number of active participants reported on line 7a of the Form 5500 2005-02-01 446
Number of retired or separated participants receiving benefits 2005-02-01 13
Number of other retired or separated participants entitled to future benefits 2005-02-01 148
Total of all active and inactive participants 2005-02-01 607
Total participants 2005-02-01 607
Number of participants with account balances 2005-02-01 477
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2005-02-01 23

Measure	Date	Value
2005: AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN 2005 401k membership
Total participants, beginning-of-year	2005-02-01	696
Total number of active participants reported on line 7a of the Form 5500	2005-02-01	446
Number of retired or separated participants receiving benefits	2005-02-01	13
Number of other retired or separated participants entitled to future benefits	2005-02-01	148
Total of all active and inactive participants	2005-02-01	607
Total participants	2005-02-01	607
Number of participants with account balances	2005-02-01	477
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2005-02-01	23

Financial Data on AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2006 : AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN 2006 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2006-01-31	$8,075
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2006-01-31	$17,194
Total income from all sources (including contributions)	2006-01-31	$1,442,023
Total of all expenses incurred	2006-01-31	$390,193
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2006-01-31	$385,237
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2006-01-31	$812,721
Value of total assets at end of year	2006-01-31	$6,647,170
Value of total assets at beginning of year	2006-01-31	$5,604,459
Total of administrative expenses incurred including professional, contract, advisory and management fees	2006-01-31	$4,956
Total interest from all sources	2006-01-31	$16,056
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2006-01-31	No
Administrative expenses professional fees incurred	2006-01-31	$1,994
Was this plan covered by a fidelity bond	2006-01-31	Yes
Value of fidelity bond cover	2006-01-31	$500,000
Were there any nonexempt tranactions with any party-in-interest	2006-01-31	No
Contributions received from participants	2006-01-31	$621,095
Participant contributions at end of year	2006-01-31	$245,725
Participant contributions at beginning of year	2006-01-31	$236,003
Participant contributions at end of year	2006-01-31	$2,733
Participant contributions at beginning of year	2006-01-31	$2,800
Assets. Other investments not covered elsewhere at end of year	2006-01-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2006-01-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2006-01-31	$27,829
Value of other receiveables (less allowance for doubtful accounts) at end of year	2006-01-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2006-01-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2006-01-31	$8,075
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2006-01-31	$17,194
Other income not declared elsewhere	2006-01-31	$613,246
Total non interest bearing cash at end of year	2006-01-31	$0
Total non interest bearing cash at beginning of year	2006-01-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2006-01-31	No
Income. Non cash contributions	2006-01-31	$0
Value of net income/loss	2006-01-31	$1,051,830
Value of net assets at end of year (total assets less liabilities)	2006-01-31	$6,639,095
Value of net assets at beginning of year (total assets less liabilities)	2006-01-31	$5,587,265
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2006-01-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2006-01-31	No
Were any leases to which the plan was party in default or uncollectible	2006-01-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2006-01-31	$6,100,169
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2006-01-31	$5,074,948
Interest on participant loans	2006-01-31	$12,412
Interest earned on other investments	2006-01-31	$3,644
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2006-01-31	$8,075
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2006-01-31	$21,568
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2006-01-31	$21,568
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2006-01-31	$143,395
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2006-01-31	$135,180
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2006-01-31	No
Was there a failure to transmit to the plan any participant contributions	2006-01-31	No
Assets. Invements in employer securities at end of year	2006-01-31	$0
Assets. Invements in employer securities at beginning of year	2006-01-31	$0
Contributions received in cash from employer	2006-01-31	$163,797
Employer contributions (assets) at end of year	2006-01-31	$147,073
Employer contributions (assets) at beginning of year	2006-01-31	$133,960
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2006-01-31	$385,237
Contract administrator fees	2006-01-31	$2,962
Did the plan have assets held for investment	2006-01-31	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	2006-01-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2006-01-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2006-01-31	Yes
Opinion of an independent qualified public accountant for this plan	2006-01-31	Disclaimer
Accountancy firm name	2006-01-31	CNM, LLP
Accountancy firm EIN	2006-01-31	651202484

Form 5500 Responses for AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN

2005: AMERICAN FURNITURE COMPANY 401(K) PROFIT SHARING PLAN 2005 form 5500 responses
2005-02-01	Type of plan entity	Single employer plan
2005-02-01	Submission has been amended	Yes
2005-02-01	This submission is the final filing	Yes
2005-02-01	This return/report is a short plan year return/report (less than 12 months)	No
2005-02-01	Plan is a collectively bargained plan	No
2005-02-01	Plan funding arrangement – Insurance	Yes
2005-02-01	Plan funding arrangement – Trust	Yes
2005-02-01	Plan benefit arrangement – Insurance	Yes
2005-02-01	Plan benefit arrangement - Trust	Yes

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Company Name:	AMERICAN FURNITURE COMPANY
Employer identification number (EIN):	850019660

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1956-07-19
Company Identification Number:	194709