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NEW KING, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameNEW KING, INC. 401(K) RETIREMENT PLAN
Plan identification number 001

NEW KING, INC. 401(K) RETIREMENT PLAN 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:NEW KING, INC.
Employer identification number (EIN):061031059
NAIC Classification:722513
NAIC Description:Limited-Service Restaurants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW KING, INC. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01JOHN J. MUIRHEAD, JR.2013-06-27 JOHN J. MUIRHEAD, JR.2013-06-27
0012011-01-01JOHN J. MUIRHEAD, JR.2012-07-09 JOHN J. MUIRHEAD, JR.2012-07-09
0012010-01-01JOHN J. MUIRHEAD, JR.2011-03-26 JOHN J. MUIRHEAD, JR.2011-03-26

Plan Statistics for NEW KING, INC. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for NEW KING, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2015: NEW KING, INC. 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01149
Total number of active participants reported on line 7a of the Form 55002015-01-01124
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-017
Total of all active and inactive participants2015-01-01131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01131
Number of participants with account balances2015-01-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012
2014: NEW KING, INC. 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01135
Total number of active participants reported on line 7a of the Form 55002014-01-01121
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-013
Total of all active and inactive participants2014-01-01124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01124
Number of participants with account balances2014-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012

Financial Data on NEW KING, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2015 : NEW KING, INC. 401(K) RETIREMENT PLAN 2015 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$129
Total income from all sources (including contributions)2015-12-31$82,751
Total of all expenses incurred2015-12-31$47,527
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$41,311
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$64,282
Value of total assets at end of year2015-12-31$1,058,115
Value of total assets at beginning of year2015-12-31$1,023,020
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$6,216
Total interest from all sources2015-12-31$855
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$125,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$57,332
Participant contributions at end of year2015-12-31$25,727
Participant contributions at beginning of year2015-12-31$25,978
Participant contributions at beginning of year2015-12-31$1,179
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$189
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$35,224
Value of net assets at end of year (total assets less liabilities)2015-12-31$1,058,115
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$1,022,891
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$5,286
Value of interest in pooled separate accounts at end of year2015-12-31$567,541
Value of interest in pooled separate accounts at beginning of year2015-12-31$568,197
Interest on participant loans2015-12-31$855
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$457,908
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$419,149
Net investment gain/loss from pooled separate accounts2015-12-31$17,614
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$6,950
Employer contributions (assets) at end of year2015-12-31$6,939
Employer contributions (assets) at beginning of year2015-12-31$8,328
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$41,311
Contract administrator fees2015-12-31$930
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$129
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31HARVEY & HOROWITZ, P.C.
Accountancy firm EIN2015-12-31061187390
2014 : NEW KING, INC. 401(K) RETIREMENT PLAN 2014 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$129
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,473
Total income from all sources (including contributions)2014-12-31$123,926
Total of all expenses incurred2014-12-31$40,359
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$34,482
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$71,130
Value of total assets at end of year2014-12-31$1,023,020
Value of total assets at beginning of year2014-12-31$940,797
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$5,877
Total interest from all sources2014-12-31$899
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$125,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$62,802
Participant contributions at end of year2014-12-31$25,978
Participant contributions at beginning of year2014-12-31$28,126
Participant contributions at end of year2014-12-31$1,179
Participant contributions at beginning of year2014-12-31$1,198
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$189
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$169
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$83,567
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,022,891
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$939,324
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$4,915
Value of interest in pooled separate accounts at end of year2014-12-31$568,197
Value of interest in pooled separate accounts at beginning of year2014-12-31$515,314
Interest on participant loans2014-12-31$899
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$419,149
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$387,767
Net investment gain/loss from pooled separate accounts2014-12-31$51,897
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$8,328
Employer contributions (assets) at end of year2014-12-31$8,328
Employer contributions (assets) at beginning of year2014-12-31$8,223
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$34,482
Contract administrator fees2014-12-31$962
Liabilities. Value of benefit claims payable at end of year2014-12-31$129
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$1,473
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31HARVEY & HOROWITZ, P.C.
Accountancy firm EIN2014-12-31061187390

Form 5500 Responses for NEW KING, INC. 401(K) RETIREMENT PLAN

2015: NEW KING, INC. 401(K) RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: NEW KING, INC. 401(K) RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number221-00116
Policy instance 1
Insurance contract or identification number221-00116
Number of Individuals Covered36
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $3,622
Total amount of fees paid to insurance companyUSD $420
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,622
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerSERVICE FEES
Insurance broker nameDEVLIN & HALE ASSOCIATES, INC.
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number221-00116
Policy instance 1
Insurance contract or identification number221-00116
Number of Individuals Covered36
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $3,380
Total amount of fees paid to insurance companyUSD $364
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,380
Insurance broker organization code?3
Amount paid for insurance broker fees364
Additional information about fees paid to insurance brokerSERVICE FEES
Insurance broker nameDEVLIN & HALE ASSOCIATES, INC.

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