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IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameIGUS, INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined 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.
  • 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

IGUS BEARINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name:IGUS BEARINGS, INC.
Employer identification number (EIN):050419384
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Additional information about IGUS BEARINGS, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1995-09-15
Company Identification Number: 0010648306
Legal Registered Office Address: 257 FERRIS AVE

RUMFORD
United States of America (USA)
02916

More information about IGUS BEARINGS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012008-01-01CARSTEN BLASE
0012007-01-01CARSTEN BLASE
0012006-01-01CARSTEN BLASE
0012005-01-01CARSTEN BLASE

Plan Statistics for IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2008: IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2008 401k membership
Total participants, beginning-of-year2008-01-01174
Total number of active participants reported on line 7a of the Form 55002008-01-01150
Number of retired or separated participants receiving benefits2008-01-010
Number of other retired or separated participants entitled to future benefits2008-01-0119
Total of all active and inactive participants2008-01-01169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-01-010
Total participants2008-01-01169
Number of participants with account balances2008-01-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-010
2007: IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2007 401k membership
Total participants, beginning-of-year2007-01-01148
Total number of active participants reported on line 7a of the Form 55002007-01-01140
Number of retired or separated participants receiving benefits2007-01-010
Number of other retired or separated participants entitled to future benefits2007-01-0123
Total of all active and inactive participants2007-01-01163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-01-010
Total participants2007-01-01163
Number of participants with account balances2007-01-01115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-010
2006: IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2006 401k membership
Total participants, beginning-of-year2006-01-01139
Total number of active participants reported on line 7a of the Form 55002006-01-01127
Number of retired or separated participants receiving benefits2006-01-010
Number of other retired or separated participants entitled to future benefits2006-01-0120
Total of all active and inactive participants2006-01-01147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2006-01-010
Total participants2006-01-01147
Number of participants with account balances2006-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2006-01-010
2005: IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2005 401k membership
Total participants, beginning-of-year2005-01-01136
Total number of active participants reported on line 7a of the Form 55002005-01-01116
Number of retired or separated participants receiving benefits2005-01-010
Number of other retired or separated participants entitled to future benefits2005-01-0122
Total of all active and inactive participants2005-01-01138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2005-01-010
Total participants2005-01-01138
Number of participants with account balances2005-01-0189
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2005-01-010

Financial Data on IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2008 : IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2008 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2008-12-31$-766,490
Total unrealized appreciation/depreciation of assets2008-12-31$-766,490
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2008-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2008-12-31$0
Total income from all sources (including contributions)2008-12-31$-184,406
Total loss/gain on sale of assets2008-12-31$0
Total of all expenses incurred2008-12-31$177,349
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2008-12-31$177,224
Total contributions o plan (from employers,participants, others, non cash contrinutions)2008-12-31$554,137
Value of total assets at end of year2008-12-31$1,820,330
Value of total assets at beginning of year2008-12-31$2,182,085
Total of administrative expenses incurred including professional, contract, advisory and management fees2008-12-31$125
Total interest from all sources2008-12-31$2,413
Total dividends received (eg from common stock, registered investment company shares)2008-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2008-12-31No
Was this plan covered by a fidelity bond2008-12-31Yes
Value of fidelity bond cover2008-12-31$250,000
If this is an individual account plan, was there a blackout period2008-12-31No
Were there any nonexempt tranactions with any party-in-interest2008-12-31No
Contributions received from participants2008-12-31$420,613
Participant contributions at end of year2008-12-31$10,239
Participant contributions at beginning of year2008-12-31$15,966
Participant contributions at end of year2008-12-31$23,057
Participant contributions at beginning of year2008-12-31$20,416
Income. Received or receivable in cash from other sources (including rollovers)2008-12-31$133,524
Administrative expenses (other) incurred2008-12-31$125
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2008-12-31No
Value of net income/loss2008-12-31$-361,755
Value of net assets at end of year (total assets less liabilities)2008-12-31$1,820,330
Value of net assets at beginning of year (total assets less liabilities)2008-12-31$2,182,085
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2008-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2008-12-31No
Were any leases to which the plan was party in default or uncollectible2008-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2008-12-31$1,723,928
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2008-12-31$2,100,024
Interest on participant loans2008-12-31$1,109
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2008-12-31$63,106
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2008-12-31$45,679
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2008-12-31$45,679
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2008-12-31$1,304
Net investment gain/loss from registered investment companies (e.g. mutual funds)2008-12-31$25,534
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2008-12-31No
Was there a failure to transmit to the plan any participant contributions2008-12-31Yes
Has the plan failed to provide any benefit when due under the plan2008-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2008-12-31$177,224
Did the plan have assets held for investment2008-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2008-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2008-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2008-12-31Yes
Opinion of an independent qualified public accountant for this plan2008-12-31Disclaimer
Accountancy firm name2008-12-31DISANTO, PRIEST & CO
Accountancy firm EIN2008-12-31571139864
2007 : IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2007 401k financial data
Total unrealized appreciation/depreciation of assets2007-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2007-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2007-12-31$0
Total income from all sources (including contributions)2007-12-31$571,536
Total loss/gain on sale of assets2007-12-31$0
Total of all expenses incurred2007-12-31$96,026
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2007-12-31$95,526
Total contributions o plan (from employers,participants, others, non cash contrinutions)2007-12-31$411,842
Value of total assets at end of year2007-12-31$2,182,085
Value of total assets at beginning of year2007-12-31$1,706,575
Total of administrative expenses incurred including professional, contract, advisory and management fees2007-12-31$500
Total interest from all sources2007-12-31$3,736
Total dividends received (eg from common stock, registered investment company shares)2007-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2007-12-31No
Was this plan covered by a fidelity bond2007-12-31Yes
Value of fidelity bond cover2007-12-31$250,000
If this is an individual account plan, was there a blackout period2007-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2007-12-31No
Contributions received from participants2007-12-31$411,842
Participant contributions at end of year2007-12-31$15,966
Participant contributions at beginning of year2007-12-31$8,408
Participant contributions at end of year2007-12-31$20,416
Participant contributions at beginning of year2007-12-31$17,272
Administrative expenses (other) incurred2007-12-31$500
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2007-12-31No
Value of net income/loss2007-12-31$475,510
Value of net assets at end of year (total assets less liabilities)2007-12-31$2,182,085
Value of net assets at beginning of year (total assets less liabilities)2007-12-31$1,706,575
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2007-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2007-12-31No
Were any leases to which the plan was party in default or uncollectible2007-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2007-12-31$2,100,024
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2007-12-31$1,646,549
Interest on participant loans2007-12-31$1,133
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2007-12-31$45,679
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2007-12-31$34,346
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2007-12-31$34,346
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2007-12-31$2,603
Net investment gain/loss from registered investment companies (e.g. mutual funds)2007-12-31$155,958
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2007-12-31No
Was there a failure to transmit to the plan any participant contributions2007-12-31Yes
Has the plan failed to provide any benefit when due under the plan2007-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2007-12-31$95,526
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32007-12-31Yes
Did the plan have assets held for investment2007-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2007-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2007-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2007-12-31Yes
Opinion of an independent qualified public accountant for this plan2007-12-31Disclaimer
Accountancy firm name2007-12-31DISANTO, PRIEST & CO
Accountancy firm EIN2007-12-31571139864
2006 : IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2006 401k financial data
Total unrealized appreciation/depreciation of assets2006-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2006-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2006-12-31$0
Total income from all sources (including contributions)2006-12-31$485,975
Total loss/gain on sale of assets2006-12-31$0
Total of all expenses incurred2006-12-31$154,419
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2006-12-31$148,460
Expenses. Certain deemed distributions of participant loans2006-12-31$5,959
Total contributions o plan (from employers,participants, others, non cash contrinutions)2006-12-31$319,157
Value of total assets at end of year2006-12-31$1,706,575
Value of total assets at beginning of year2006-12-31$1,375,019
Total of administrative expenses incurred including professional, contract, advisory and management fees2006-12-31$0
Total interest from all sources2006-12-31$1,504
Total dividends received (eg from common stock, registered investment company shares)2006-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2006-12-31No
Was this plan covered by a fidelity bond2006-12-31Yes
Value of fidelity bond cover2006-12-31$250,000
If this is an individual account plan, was there a blackout period2006-12-31No
Were there any nonexempt tranactions with any party-in-interest2006-12-31No
Contributions received from participants2006-12-31$224,636
Participant contributions at end of year2006-12-31$8,408
Participant contributions at beginning of year2006-12-31$12,326
Participant contributions at end of year2006-12-31$17,272
Participant contributions at beginning of year2006-12-31$1,592
Income. Received or receivable in cash from other sources (including rollovers)2006-12-31$94,521
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2006-12-31No
Value of net income/loss2006-12-31$331,556
Value of net assets at end of year (total assets less liabilities)2006-12-31$1,706,575
Value of net assets at beginning of year (total assets less liabilities)2006-12-31$1,375,019
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2006-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2006-12-31No
Were any leases to which the plan was party in default or uncollectible2006-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2006-12-31$1,646,549
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2006-12-31$1,338,883
Interest on participant loans2006-12-31$415
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2006-12-31$34,346
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2006-12-31$22,218
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2006-12-31$22,218
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2006-12-31$1,089
Net investment gain/loss from registered investment companies (e.g. mutual funds)2006-12-31$165,314
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2006-12-31No
Was there a failure to transmit to the plan any participant contributions2006-12-31No
Has the plan failed to provide any benefit when due under the plan2006-12-31No
Contributions received in cash from employer2006-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2006-12-31$148,460
Did the plan have assets held for investment2006-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2006-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2006-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2006-12-31No
Opinion of an independent qualified public accountant for this plan2006-12-31Unqualified
Accountancy firm name2006-12-31DISANTO, PRIEST & CO
Accountancy firm EIN2006-12-31571139864
2005 : IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2005 401k financial data
Total unrealized appreciation/depreciation of assets2005-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2005-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2005-12-31$0
Total income from all sources (including contributions)2005-12-31$331,162
Total loss/gain on sale of assets2005-12-31$0
Total of all expenses incurred2005-12-31$57,711
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2005-12-31$57,711
Total contributions o plan (from employers,participants, others, non cash contrinutions)2005-12-31$244,309
Value of total assets at end of year2005-12-31$1,375,019
Value of total assets at beginning of year2005-12-31$1,101,568
Total of administrative expenses incurred including professional, contract, advisory and management fees2005-12-31$0
Total interest from all sources2005-12-31$1,390
Total dividends received (eg from common stock, registered investment company shares)2005-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2005-12-31No
Was this plan covered by a fidelity bond2005-12-31Yes
Value of fidelity bond cover2005-12-31$250,000
If this is an individual account plan, was there a blackout period2005-12-31No
Were there any nonexempt tranactions with any party-in-interest2005-12-31No
Contributions received from participants2005-12-31$233,913
Participant contributions at end of year2005-12-31$12,326
Participant contributions at beginning of year2005-12-31$24,215
Participant contributions at end of year2005-12-31$1,592
Participant contributions at beginning of year2005-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2005-12-31$10,396
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2005-12-31No
Value of net income/loss2005-12-31$273,451
Value of net assets at end of year (total assets less liabilities)2005-12-31$1,375,019
Value of net assets at beginning of year (total assets less liabilities)2005-12-31$1,101,568
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2005-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2005-12-31No
Were any leases to which the plan was party in default or uncollectible2005-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2005-12-31$1,338,883
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2005-12-31$1,058,128
Interest on participant loans2005-12-31$820
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2005-12-31$22,218
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2005-12-31$19,225
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2005-12-31$19,225
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2005-12-31$570
Net investment gain/loss from registered investment companies (e.g. mutual funds)2005-12-31$85,463
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2005-12-31No
Was there a failure to transmit to the plan any participant contributions2005-12-31No
Has the plan failed to provide any benefit when due under the plan2005-12-31No
Contributions received in cash from employer2005-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2005-12-31$57,711
Did the plan have assets held for investment2005-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2005-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2005-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2005-12-31No
Opinion of an independent qualified public accountant for this plan2005-12-31Unqualified
Accountancy firm name2005-12-31DISANTO, PRIEST & CO
Accountancy firm EIN2005-12-31571139864

Form 5500 Responses for IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST

2008: IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedNo
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement - TrustYes
2007: IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement - TrustYes
2006: IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2006 form 5500 responses
2006-01-01Type of plan entitySingle employer plan
2006-01-01Submission has been amendedNo
2006-01-01This submission is the final filingNo
2006-01-01This return/report is a short plan year return/report (less than 12 months)No
2006-01-01Plan is a collectively bargained planNo
2006-01-01Plan funding arrangement – TrustYes
2006-01-01Plan benefit arrangement - TrustYes
2005: IGUS, INC 401(K) PROFIT SHARING PLAN & TRUST 2005 form 5500 responses
2005-01-01Type of plan entitySingle employer plan
2005-01-01Submission has been amendedYes
2005-01-01This submission is the final filingNo
2005-01-01This return/report is a short plan year return/report (less than 12 months)No
2005-01-01Plan is a collectively bargained planNo
2005-01-01Plan funding arrangement – TrustYes
2005-01-01Plan benefit arrangement - TrustYes

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