SHERRILL MANUFACTURING INC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SHERRILL MANUFACTURING INC 401(K) PROFIT SHARING PLAN & TRUST
401k plan membership statisitcs for SHERRILL MANUFACTURING INC 401(K) PROFIT SHARING PLAN & TRUST
| Measure | Date | Value |
|---|
| 2010: SHERRILL MANUFACTURING INC 401(K) PROFIT SHARING PLAN & TRUST 2010 401k membership |
|---|
| Total participants, beginning-of-year | 2010-01-01 | 137 |
| Total number of active participants reported on line 7a of the Form 5500 | 2010-01-01 | 23 |
| Number of retired or separated participants receiving benefits | 2010-01-01 | 19 |
| Number of other retired or separated participants entitled to future benefits | 2010-01-01 | 25 |
| Total of all active and inactive participants | 2010-01-01 | 67 |
| Total participants | 2010-01-01 | 67 |
| Number of participants with account balances | 2010-01-01 | 55 |
| 2009: SHERRILL MANUFACTURING INC 401(K) PROFIT SHARING PLAN & TRUST 2009 401k membership |
|---|
| Total participants, beginning-of-year | 2009-01-01 | 155 |
| Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 109 |
| Number of retired or separated participants receiving benefits | 2009-01-01 | 4 |
| Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 22 |
| Total of all active and inactive participants | 2009-01-01 | 135 |
| Total participants | 2009-01-01 | 135 |
| Number of participants with account balances | 2009-01-01 | 97 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2010 : SHERRILL MANUFACTURING INC 401(K) PROFIT SHARING PLAN & TRUST 2010 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $518 |
| Total income from all sources (including contributions) | 2010-12-31 | $117,581 |
| Total of all expenses incurred | 2010-12-31 | $556,391 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $542,593 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $43,674 |
| Value of total assets at end of year | 2010-12-31 | $604,417 |
| Value of total assets at beginning of year | 2010-12-31 | $1,042,709 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $13,798 |
| 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 | $1,710 |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $100,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Contributions received from participants | 2010-12-31 | $43,674 |
| Participant contributions at end of year | 2010-12-31 | $915 |
| Participant contributions at beginning of year | 2010-12-31 | $7,712 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2010-12-31 | $518 |
| Other income not declared elsewhere | 2010-12-31 | $2,073 |
| 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 | $-438,810 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $603,899 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $1,042,709 |
| 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 | $5,971 |
| Value of interest in pooled separate accounts at end of year | 2010-12-31 | $550,673 |
| Value of interest in pooled separate accounts at beginning of year | 2010-12-31 | $941,049 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2010-12-31 | $52,829 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-12-31 | $92,542 |
| Net investment gain/loss from pooled separate accounts | 2010-12-31 | $71,834 |
| 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 |
| Employer contributions (assets) at beginning of year | 2010-12-31 | $1,406 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $542,593 |
| Contract administrator fees | 2010-12-31 | $6,117 |
| 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 |
| 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 | FUST CHARLES CHAMBERS, LLP |
| Accountancy firm EIN | 2010-12-31 | 161226221 |
