GENERAL BEARING CORPORATION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan GENERAL BEARING CORPORATION PROFIT SHARING TRUST
| Measure | Date | Value |
|---|
| 2012 : GENERAL BEARING CORPORATION PROFIT SHARING TRUST 2012 401k financial data |
|---|
| Total income from all sources | 2012-12-31 | $2,186,927 |
| Expenses. Total of all expenses incurred | 2012-12-31 | $949,467 |
| Benefits paid (including direct rollovers) | 2012-12-31 | $948,957 |
| Total plan assets at end of year | 2012-12-31 | $13,210,458 |
| Total plan assets at beginning of year | 2012-12-31 | $11,972,998 |
| Value of fidelity bond covering the plan | 2012-12-31 | $5,000,000 |
| Total contributions received or receivable from participants | 2012-12-31 | $615,599 |
| Expenses. Other expenses not covered elsewhere | 2012-12-31 | $260 |
| Contributions received from other sources (not participants or employers) | 2012-12-31 | $0 |
| Other income received | 2012-12-31 | $1,411,313 |
| Net income (gross income less expenses) | 2012-12-31 | $1,237,460 |
| Net plan assets at end of year (total assets less liabilities) | 2012-12-31 | $13,210,458 |
| Net plan assets at beginning of year (total assets less liabilities) | 2012-12-31 | $11,972,998 |
| Assets. Value of participant loans | 2012-12-31 | $52,460 |
| Total contributions received or receivable from employer(s) | 2012-12-31 | $160,015 |
| 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 | $250 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
| 2011 : GENERAL BEARING CORPORATION PROFIT SHARING TRUST 2011 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
| Total income from all sources (including contributions) | 2011-12-31 | $565,867 |
| Total loss/gain on sale of assets | 2011-12-31 | $8,303 |
| Total of all expenses incurred | 2011-12-31 | $355,780 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $355,405 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $741,477 |
| Value of total assets at end of year | 2011-12-31 | $11,972,998 |
| Value of total assets at beginning of year | 2011-12-31 | $11,762,911 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $375 |
| Total interest from all sources | 2011-12-31 | $6,856 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
| Contributions received from participants | 2011-12-31 | $587,387 |
| Participant contributions at end of year | 2011-12-31 | $102,804 |
| Participant contributions at beginning of year | 2011-12-31 | $190,782 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2011-12-31 | $0 |
| Administrative expenses (other) incurred | 2011-12-31 | $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 | 2011-12-31 | No |
| Value of net income/loss | 2011-12-31 | $210,087 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $11,972,998 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $11,762,911 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
| Investment advisory and management fees | 2011-12-31 | $0 |
| Value of interest in pooled separate accounts at end of year | 2011-12-31 | $11,870,194 |
| Value of interest in pooled separate accounts at beginning of year | 2011-12-31 | $7,980,310 |
| Interest on participant loans | 2011-12-31 | $6,856 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $3,591,819 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $3,591,819 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2011-12-31 | $2,135 |
| Net investment gain/loss from pooled separate accounts | 2011-12-31 | $-190,769 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
| Contributions received in cash from employer | 2011-12-31 | $154,090 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $353,270 |
| Contract administrator fees | 2011-12-31 | $375 |
| Did the plan have assets held for investment | 2011-12-31 | 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 | 2011-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
| Aggregate proceeds on sale of assets | 2011-12-31 | $856,657 |
| Aggregate carrying amount (costs) on sale of assets | 2011-12-31 | $848,354 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
| Accountancy firm name | 2011-12-31 | UHY, LLP |
| Accountancy firm EIN | 2011-12-31 | 200694403 |
| 2010 : GENERAL BEARING CORPORATION PROFIT SHARING TRUST 2010 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $89 |
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $89 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
| Total income from all sources (including contributions) | 2010-12-31 | $1,944,281 |
| Total loss/gain on sale of assets | 2010-12-31 | $8,281 |
| Total of all expenses incurred | 2010-12-31 | $446,548 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $444,878 |
| Expenses. Certain deemed distributions of participant loans | 2010-12-31 | $0 |
| Value of total corrective distributions | 2010-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $768,296 |
| Value of total assets at end of year | 2010-12-31 | $11,762,671 |
| Value of total assets at beginning of year | 2010-12-31 | $10,264,936 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $1,670 |
| Total interest from all sources | 2010-12-31 | $10,848 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Administrative expenses professional fees incurred | 2010-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Contributions received from participants | 2010-12-31 | $538,882 |
| Participant contributions at end of year | 2010-12-31 | $190,541 |
| Participant contributions at beginning of year | 2010-12-31 | $197,013 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $130,561 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2010-12-31 | $0 |
| Administrative expenses (other) incurred | 2010-12-31 | $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 | 2010-12-31 | No |
| Value of net income/loss | 2010-12-31 | $1,497,733 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $11,762,671 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $10,264,936 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Investment advisory and management fees | 2010-12-31 | $0 |
| Value of interest in pooled separate accounts at end of year | 2010-12-31 | $7,980,310 |
| Value of interest in pooled separate accounts at beginning of year | 2010-12-31 | $6,123,729 |
| Interest on participant loans | 2010-12-31 | $10,848 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $3,591,820 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $3,944,194 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $3,944,194 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2010-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-12-31 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2010-12-31 | $2,433 |
| Net investment gain/loss from pooled separate accounts | 2010-12-31 | $1,156,767 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Contributions received in cash from employer | 2010-12-31 | $98,853 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $442,445 |
| Contract administrator fees | 2010-12-31 | $1,670 |
| Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Aggregate proceeds on sale of assets | 2010-12-31 | $855,984 |
| Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $847,703 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
| Accountancy firm name | 2010-12-31 | UHY LLP |
| Accountancy firm EIN | 2010-12-31 | 200694403 |
| 2009 : GENERAL BEARING CORPORATION PROFIT SHARING TRUST 2009 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
