401k Plan data: CHP HOLDINGS, INC. 401(K) PLAN plan

CHP HOLDINGS, INC. 401(K) PLAN 401k Plan overview

Plan Name	CHP HOLDINGS, INC. 401(K) PLAN
Plan identification number	001

CHP HOLDINGS, INC. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

CHP HOLDINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name: CHP HOLDINGS, INC.

Employer identification number (EIN): 204383196

NAIC Classification: 454110
NAIC Description: Electronic Shopping and Mail-Order Houses

Additional information about CHP HOLDINGS, INC.

Jurisdiction of Incorporation: Vermont Secretary of State Corporations Division

Incorporation Date: 2006-03-02

Company Identification Number: 81632

Legal Registered Office Address: 90 PROSPECT STREET

ST. JOHNSBURY
United States of America (USA)
05819

More information about CHP HOLDINGS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CHP HOLDINGS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2016-01-01
001 2015-01-01
001 2014-01-01

Plan Statistics for CHP HOLDINGS, INC. 401(K) PLAN

401k plan membership statisitcs for CHP HOLDINGS, INC. 401(K) PLAN

Measure Date Value
2016: CHP HOLDINGS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 213
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 0
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 0
Number of participants with account balances 2016-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: CHP HOLDINGS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 228
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 184
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 29
Total of all active and inactive participants 2015-01-01 213
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 213
Number of participants with account balances 2015-01-01 191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: CHP HOLDINGS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 237
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 191
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 27
Total of all active and inactive participants 2014-01-01 218
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 218
Number of participants with account balances 2014-01-01 181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 4

Measure	Date	Value
2016: CHP HOLDINGS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	213
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	0
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	0
Number of participants with account balances	2016-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: CHP HOLDINGS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	228
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	184
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	29
Total of all active and inactive participants	2015-01-01	213
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	213
Number of participants with account balances	2015-01-01	191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: CHP HOLDINGS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	237
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	191
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	27
Total of all active and inactive participants	2014-01-01	218
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	218
Number of participants with account balances	2014-01-01	181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	4

Financial Data on CHP HOLDINGS, INC. 401(K) PLAN

Measure	Date	Value
2016 : CHP HOLDINGS, INC. 401(K) PLAN 2016 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-09-30	$0
Total income from all sources (including contributions)	2016-09-30	$496,274
Total of all expenses incurred	2016-09-30	$10,184,840
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-09-30	$10,182,162
Value of total assets at end of year	2016-09-30	$0
Value of total assets at beginning of year	2016-09-30	$9,688,566
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-09-30	$2,678
Total interest from all sources	2016-09-30	$1,613
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-09-30	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2016-09-30	$0
Administrative expenses professional fees incurred	2016-09-30	$2,460
Was this plan covered by a fidelity bond	2016-09-30	Yes
Value of fidelity bond cover	2016-09-30	$500,000
If this is an individual account plan, was there a blackout period	2016-09-30	No
Were there any nonexempt tranactions with any party-in-interest	2016-09-30	No
Participant contributions at end of year	2016-09-30	$0
Participant contributions at beginning of year	2016-09-30	$52,610
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2016-09-30	$0
Other income not declared elsewhere	2016-09-30	$18,093
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-09-30	No
Value of net income/loss	2016-09-30	$-9,688,566
Value of net assets at end of year (total assets less liabilities)	2016-09-30	$0
Value of net assets at beginning of year (total assets less liabilities)	2016-09-30	$9,688,566
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-09-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-09-30	No
Were any leases to which the plan was party in default or uncollectible	2016-09-30	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-09-30	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-09-30	$9,635,956
Interest on participant loans	2016-09-30	$1,613
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-09-30	$476,568
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-09-30	No
Was there a failure to transmit to the plan any participant contributions	2016-09-30	No
Has the plan failed to provide any benefit when due under the plan	2016-09-30	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-09-30	$10,182,162
Contract administrator fees	2016-09-30	$218
Did the plan have assets held for investment	2016-09-30	No
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	2016-09-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-09-30	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-09-30	Yes
Opinion of an independent qualified public accountant for this plan	2016-09-30	Disclaimer
Accountancy firm name	2016-09-30	GALLAGGHER, FLYNN & COMPANY, LLC
Accountancy firm EIN	2016-09-30	030225774
2015 : CHP HOLDINGS, INC. 401(K) PLAN 2015 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$84
Total income from all sources (including contributions)	2015-12-31	$782,697
Total of all expenses incurred	2015-12-31	$1,496,612
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$1,485,407
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$845,853
Value of total assets at end of year	2015-12-31	$9,688,566
Value of total assets at beginning of year	2015-12-31	$10,402,565
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$11,205
Total interest from all sources	2015-12-31	$3,284
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2015-12-31	$0
Administrative expenses professional fees incurred	2015-12-31	$3,240
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$500,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$445,218
Participant contributions at end of year	2015-12-31	$52,610
Participant contributions at beginning of year	2015-12-31	$87,152
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$239,004
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2015-12-31	$84
Other income not declared elsewhere	2015-12-31	$30,217
Total non interest bearing cash at beginning of year	2015-12-31	$314
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$-713,915
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$9,688,566
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$10,402,481
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Investment advisory and management fees	2015-12-31	$7,459
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$9,635,956
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$10,315,063
Interest on participant loans	2015-12-31	$3,284
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-96,657
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$161,631
Employer contributions (assets) at beginning of year	2015-12-31	$36
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$1,485,407
Contract administrator fees	2015-12-31	$506
Did the plan have assets held for investment	2015-12-31	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	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	GALLAGGHER, FLYNN & COMPANY
Accountancy firm EIN	2015-12-31	030225774
2014 : CHP HOLDINGS, INC. 401(K) PLAN 2014 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$84
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$1,532,237
Total of all expenses incurred	2014-12-31	$933,794
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$913,193
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$962,493
Value of total assets at end of year	2014-12-31	$10,402,565
Value of total assets at beginning of year	2014-12-31	$9,804,038
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$20,601
Total interest from all sources	2014-12-31	$4,130
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Administrative expenses professional fees incurred	2014-12-31	$2,680
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$683,821
Participant contributions at end of year	2014-12-31	$87,152
Participant contributions at beginning of year	2014-12-31	$106,728
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$34,337
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2014-12-31	$84
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2014-12-31	$0
Other income not declared elsewhere	2014-12-31	$11,825
Total non interest bearing cash at end of year	2014-12-31	$314
Total non interest bearing cash at beginning of year	2014-12-31	$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	2014-12-31	No
Value of net income/loss	2014-12-31	$598,443
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$10,402,481
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$9,804,038
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Investment advisory and management fees	2014-12-31	$17,375
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$10,315,063
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$9,697,310
Interest on participant loans	2014-12-31	$4,130
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$553,789
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$244,335
Employer contributions (assets) at end of year	2014-12-31	$36
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$913,193
Contract administrator fees	2014-12-31	$546
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	GALLAGHER, FLYNN & COMPANY
Accountancy firm EIN	2014-12-31	030225774

Form 5500 Responses for CHP HOLDINGS, INC. 401(K) PLAN

2016: CHP HOLDINGS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	Yes
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: CHP HOLDINGS, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: CHP HOLDINGS, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	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

13788

Policy instance

Insurance contract or identification number	13788
Number of Individuals Covered	0
Insurance policy start date	2016-01-01
Insurance policy end date	2016-09-30
Total amount of commissions paid to insurance broker	USD $108
Total amount of fees paid to insurance company	USD $5,893
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	5893
Additional information about fees paid to insurance broker	ADMINISTRATIVE EXPENSE REIMBURSEMENT
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $108
Insurance broker name	MORGAN STANLEY SMITH BARNEY

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

Policy contract number

13788

Policy instance

Insurance contract or identification number	13788
Number of Individuals Covered	200
Insurance policy start date	2015-01-01
Insurance policy end date	2015-12-31
Total amount of commissions paid to insurance broker	USD $54
Total amount of fees paid to insurance company	USD $5,128
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	5128
Additional information about fees paid to insurance broker	ADMINISTRATIVE EXPENSE REIMBURSEMENT
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $54
Insurance broker name	MORGAN STANLEY SMITH BARNEY

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

Policy contract number

13788

Policy instance

Insurance contract or identification number	13788
Number of Individuals Covered	188
Insurance policy start date	2014-01-01
Insurance policy end date	2014-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $5,089
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	5089
Additional information about fees paid to insurance broker	ADMINISTRATIVE EXPENSE REIMBURSEMENT
Insurance broker organization code?	5
Insurance broker name	PENSION WORKS, INC.

Potentially related plans

CHP HOLDINGS, INC. 401(K) PLAN [EIN = 204383058]

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Company Name:	CHP HOLDINGS, INC.
Employer identification number (EIN):	204383196
NAIC Classification:	454110
NAIC Description:	Electronic Shopping and Mail-Order Houses

Jurisdiction of Incorporation:	Vermont Secretary of State Corporations Division
Incorporation Date:	2006-03-02
Company Identification Number:	81632
Legal Registered Office Address:	90 PROSPECT STREET ST. JOHNSBURY United States of America (USA) 05819