401k Plan data: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN plan

FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 401k Plan overview

Plan Name	FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN
Plan identification number	002

FAIRCLOUGH SAILMAKERS INC 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.
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.

401k Sponsoring company profile

FAIRCLOUGH SAILMAKERS, INC. has sponsored the creation of one or more 401k plans.

Company Name: FAIRCLOUGH SAILMAKERS, INC.

Employer identification number (EIN): 060961063

NAIC Classification: 314000
NAIC Description: Textile Product Mills

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 ERIK SCHMALING 2023-07-07
002 2021-01-01 ERIK SCHMALING 2022-10-10
002 2020-01-01 ERIK SCHMALING 2021-10-08
002 2019-01-01 ERIK SCHMALING 2020-10-14
002 2018-01-01 ERIK SCHMALING 2019-10-02
002 2017-01-01 ERIK SCHMALING 2018-09-12
002 2016-01-01 ERIK SCHMALING 2017-06-22
002 2015-01-01 ERIK SCHMALING 2016-10-13
002 2014-01-01 ERIK SCHMALING 2015-07-31
002 2013-01-01 EDWARD FAIRCLOUGH
002 2012-01-01 EDWARD FAIRCLOUGH
002 2011-01-01 EDWARD FAIRCLOUGH
002 2010-01-01 EDWARD FAIRCLOUGH

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-01-01	ERIK SCHMALING	2023-07-07
002	2021-01-01	ERIK SCHMALING	2022-10-10
002	2020-01-01	ERIK SCHMALING	2021-10-08
002	2019-01-01	ERIK SCHMALING	2020-10-14
002	2018-01-01	ERIK SCHMALING	2019-10-02
002	2017-01-01	ERIK SCHMALING	2018-09-12
002	2016-01-01	ERIK SCHMALING	2017-06-22
002	2015-01-01	ERIK SCHMALING	2016-10-13
002	2014-01-01	ERIK SCHMALING	2015-07-31
002	2013-01-01	EDWARD FAIRCLOUGH
002	2012-01-01	EDWARD FAIRCLOUGH
002	2011-01-01	EDWARD FAIRCLOUGH
002	2010-01-01	EDWARD FAIRCLOUGH

Plan Statistics for FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN

401k plan membership statisitcs for FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN

Measure Date Value
2013: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 11
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 11
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 1
Total of all active and inactive participants 2013-01-01 12
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 12
Number of participants with account balances 2013-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 12
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 10
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 1
Total of all active and inactive participants 2012-01-01 11
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 11
Number of participants with account balances 2012-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 9
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 10
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 2
Total of all active and inactive participants 2011-01-01 12
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 12
Number of participants with account balances 2011-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 8
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 8
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 1
Total of all active and inactive participants 2010-01-01 9
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 9
Number of participants with account balances 2010-01-01 8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0

Measure	Date	Value
2013: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	11
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	11
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	1
Total of all active and inactive participants	2013-01-01	12
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	12
Number of participants with account balances	2013-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	12
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	10
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	1
Total of all active and inactive participants	2012-01-01	11
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	11
Number of participants with account balances	2012-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	9
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	10
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	2
Total of all active and inactive participants	2011-01-01	12
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	12
Number of participants with account balances	2011-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	8
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	8
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	1
Total of all active and inactive participants	2010-01-01	9
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	9
Number of participants with account balances	2010-01-01	8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0

Financial Data on FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN

Measure	Date	Value
2013 : FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan	2013-12-31	$0
Total plan liabilities at end of year	2013-12-31	$0
Total plan liabilities at beginning of year	2013-12-31	$0
Total income from all sources	2013-12-31	$74,658
Expenses. Total of all expenses incurred	2013-12-31	$102
Benefits paid (including direct rollovers)	2013-12-31	$0
Total plan assets at end of year	2013-12-31	$458,628
Total plan assets at beginning of year	2013-12-31	$384,072
Value of fidelity bond covering the plan	2013-12-31	$100,000
Total contributions received or receivable from participants	2013-12-31	$8,939
Expenses. Other expenses not covered elsewhere	2013-12-31	$0
Contributions received from other sources (not participants or employers)	2013-12-31	$0
Other income received	2013-12-31	$65,719
Noncash contributions received	2013-12-31	$0
Net income (gross income less expenses)	2013-12-31	$74,556
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$458,628
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$384,072
Assets. Value of participant loans	2013-12-31	$62,239
Total contributions received or receivable from employer(s)	2013-12-31	$0
Value of certain deemed distributions of participant loans	2013-12-31	$0
Value of corrective distributions	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$102
2012 : FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan	2012-12-31	$0
Total plan liabilities at end of year	2012-12-31	$0
Total plan liabilities at beginning of year	2012-12-31	$0
Total income from all sources	2012-12-31	$80,131
Expenses. Total of all expenses incurred	2012-12-31	$727
Benefits paid (including direct rollovers)	2012-12-31	$727
Total plan assets at end of year	2012-12-31	$384,072
Total plan assets at beginning of year	2012-12-31	$304,668
Value of fidelity bond covering the plan	2012-12-31	$100,000
Total contributions received or receivable from participants	2012-12-31	$9,225
Expenses. Other expenses not covered elsewhere	2012-12-31	$0
Contributions received from other sources (not participants or employers)	2012-12-31	$34,038
Other income received	2012-12-31	$36,868
Noncash contributions received	2012-12-31	$0
Net income (gross income less expenses)	2012-12-31	$79,404
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$384,072
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$304,668
Assets. Value of participant loans	2012-12-31	$70,339
Total contributions received or receivable from employer(s)	2012-12-31	$0
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan	2011-12-31	$0
Total plan liabilities at end of year	2011-12-31	$0
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$204,417
Expenses. Total of all expenses incurred	2011-12-31	$73,372
Benefits paid (including direct rollovers)	2011-12-31	$73,372
Total plan assets at end of year	2011-12-31	$304,668
Total plan assets at beginning of year	2011-12-31	$173,623
Value of fidelity bond covering the plan	2011-12-31	$30,000
Total contributions received or receivable from participants	2011-12-31	$11,025
Expenses. Other expenses not covered elsewhere	2011-12-31	$0
Contributions received from other sources (not participants or employers)	2011-12-31	$210,281
Other income received	2011-12-31	$-16,889
Noncash contributions received	2011-12-31	$0
Net income (gross income less expenses)	2011-12-31	$131,045
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$304,668
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$173,623
Assets. Value of participant loans	2011-12-31	$46,873
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2011-12-31	$404
Total contributions received or receivable from employer(s)	2011-12-31	$0
Value of certain deemed distributions of participant loans	2011-12-31	$0
Value of corrective distributions	2011-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$57,490
Expenses. Total of all expenses incurred	2010-12-31	$1,001
Benefits paid (including direct rollovers)	2010-12-31	$1,001
Total plan assets at end of year	2010-12-31	$173,623
Total plan assets at beginning of year	2010-12-31	$117,134
Value of fidelity bond covering the plan	2010-12-31	$15,000
Total contributions received or receivable from participants	2010-12-31	$13,176
Expenses. Other expenses not covered elsewhere	2010-12-31	$0
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$14,862
Noncash contributions received	2010-12-31	$0
Net income (gross income less expenses)	2010-12-31	$56,489
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$173,623
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$117,134
Total contributions received or receivable from employer(s)	2010-12-31	$29,452
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN

2013: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
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: FAIRCLOUGH SAILMAKERS INC PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
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

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

107622

Policy instance

Insurance contract or identification number	107622
Number of Individuals Covered	7
Insurance policy start date	2013-03-13
Insurance policy end date	2013-12-31
Total amount of commissions paid to insurance broker	USD $3,599
Total amount of fees paid to insurance company	USD $805
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $75
Insurance broker organization code?	3
Amount paid for insurance broker fees	805
Additional information about fees paid to insurance broker	TPA ADMINISTRATIVE FEES
Insurance broker name	WELLS THOMAS, LLC

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )

Policy contract number

GA028384

Policy instance

Insurance contract or identification number	GA028384
Number of Individuals Covered	5
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )

Policy contract number

GA028384

Policy instance

Insurance contract or identification number	GA028384
Number of Individuals Covered	8
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	FAIRCLOUGH SAILMAKERS, INC.
Employer identification number (EIN):	060961063
NAIC Classification:	314000
NAIC Description:	Textile Product Mills