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DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS 401k Plan overview

Plan NameDRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS
Plan identification number 001

DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS 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

DRAKA COMTEQ AMERICAS, INC. has sponsored the creation of one or more 401k plans.

Company Name:DRAKA COMTEQ AMERICAS, INC.
Employer identification number (EIN):201246282
NAIC Classification:335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01ELIZABETH DIETRICH
0012011-01-01ELIZABETH DIETRICH ELIZABETH DIETRICH2012-09-18

Plan Statistics for DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS

401k plan membership statisitcs for DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS

Measure Date Value
2012: DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS 2012 401k membership
Total participants, beginning-of-year2012-01-01617
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS 2011 401k membership
Total participants, beginning-of-year2011-01-01623
Total number of active participants reported on line 7a of the Form 55002011-01-01500
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01117
Total of all active and inactive participants2011-01-01617
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01617
Number of participants with account balances2011-01-01558
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011

Financial Data on DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS

Measure Date Value
2012 : DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets from this plan2012-12-31$23,875,387
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$4,619,544
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,391,417
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,311,784
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,832,867
Value of total assets at end of year2012-12-31$0
Value of total assets at beginning of year2012-12-31$20,647,260
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$79,633
Total interest from all sources2012-12-31$61,096
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$588,800
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$588,800
Administrative expenses professional fees incurred2012-12-31$10,000
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,081,404
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$1,067,532
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$54,715
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$3,228,127
Value of net assets at end of year (total assets less liabilities)2012-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$20,647,260
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$47,108
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$17,482,649
Interest on participant loans2012-12-31$61,096
Value of interest in common/collective trusts at end of year2012-12-31$0
Value of interest in common/collective trusts at beginning of year2012-12-31$2,097,079
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$2,135,069
Net investment gain or loss from common/collective trusts2012-12-31$1,712
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$696,748
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,311,784
Contract administrator fees2012-12-31$22,525
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31DAVIDSON, HOLLAND, WHITESELL & CO
Accountancy firm EIN2012-12-31561706742
2011 : DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$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$2,083,852
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$786,895
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$722,212
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,373,889
Value of total assets at end of year2011-12-31$20,647,260
Value of total assets at beginning of year2011-12-31$19,350,303
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$64,683
Total interest from all sources2011-12-31$46,152
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$465,282
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$465,282
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,297,723
Participant contributions at end of year2011-12-31$1,067,532
Participant contributions at beginning of year2011-12-31$1,006,816
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$124,689
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$1,296,957
Value of net assets at end of year (total assets less liabilities)2011-12-31$20,647,260
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$19,350,303
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$43,020
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$17,482,649
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$16,462,698
Interest on participant loans2011-12-31$46,152
Value of interest in common/collective trusts at end of year2011-12-31$2,097,079
Value of interest in common/collective trusts at beginning of year2011-12-31$1,880,789
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-816,693
Net investment gain or loss from common/collective trusts2011-12-31$15,222
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$951,477
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$722,212
Contract administrator fees2011-12-31$21,663
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31DAVIDSON, HOLLAND, WHITESELL & CO
Accountancy firm EIN2011-12-31561706742

Form 5500 Responses for DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS

2012: DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: DRAKA COMTEQ NORTH CAROLINA, LLC INVESTMENT AND SAVINGS 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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