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NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 401k Plan overview

Plan NameNOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN
Plan identification number 004

NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NOVELTIES DISTRIBUTION LLC has sponsored the creation of one or more 401k plans.

Company Name:NOVELTIES DISTRIBUTION LLC
Employer identification number (EIN):205929608
NAIC Classification:488300
NAIC Description: Support Activities for Water Transportation

Additional information about NOVELTIES DISTRIBUTION LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 4125293

More information about NOVELTIES DISTRIBUTION LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01MILLIE GALARZA2023-06-23
0042021-01-01MILLIE GALARZA2022-08-02
0042020-01-01MILLIE GALARZA2021-08-04
0042019-01-01MILLIE GALARZA2020-07-31
0042018-01-01MILLIE GALARZA2019-07-30
0042017-01-01MILLIE GALARZA2018-07-26
0042016-01-01FRANK HRDINA
0042015-01-01FRANK HRDINA
0042014-01-01FRANK HRDINA
0042013-01-01FRANK HRDINA
0042012-01-01FRANK HRDINA

Plan Statistics for NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN

401k plan membership statisitcs for NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN

Measure Date Value
2016: NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0177
Total number of active participants reported on line 7a of the Form 55002016-01-0161
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-017
Total of all active and inactive participants2016-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-0169
Number of participants with account balances2016-01-0168
2015: NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0168
Total number of active participants reported on line 7a of the Form 55002015-01-0160
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0110
Total of all active and inactive participants2015-01-0170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-0171
Number of participants with account balances2015-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0164
Total number of active participants reported on line 7a of the Form 55002014-01-0158
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-019
Total of all active and inactive participants2014-01-0167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-0168
Number of participants with account balances2014-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0161
Total number of active participants reported on line 7a of the Form 55002013-01-0157
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-017
Total of all active and inactive participants2013-01-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0164
Number of participants with account balances2013-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-010
Total number of active participants reported on line 7a of the Form 55002012-01-0153
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-015
Total of all active and inactive participants2012-01-0158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0158
Number of participants with account balances2012-01-0158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN

Measure Date Value
2016 : NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2016 401k financial data
Total income from all sources2016-12-31$1,564,751
Expenses. Total of all expenses incurred2016-12-31$334,863
Benefits paid (including direct rollovers)2016-12-31$322,246
Total plan assets at end of year2016-12-31$11,066,096
Total plan assets at beginning of year2016-12-31$9,836,208
Value of fidelity bond covering the plan2016-12-31$5,000,000
Total contributions received or receivable from participants2016-12-31$224,704
Contributions received from other sources (not participants or employers)2016-12-31$101,316
Other income received2016-12-31$554,182
Net income (gross income less expenses)2016-12-31$1,229,888
Net plan assets at end of year (total assets less liabilities)2016-12-31$11,066,096
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$9,836,208
Assets. Value of participant loans2016-12-31$14,340
Total contributions received or receivable from employer(s)2016-12-31$684,549
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$12,617
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2015 401k financial data
Total income from all sources2015-12-31$927,935
Expenses. Total of all expenses incurred2015-12-31$238,423
Benefits paid (including direct rollovers)2015-12-31$235,995
Total plan assets at end of year2015-12-31$9,836,208
Total plan assets at beginning of year2015-12-31$9,146,696
Value of fidelity bond covering the plan2015-12-31$5,000,000
Total contributions received or receivable from participants2015-12-31$186,698
Contributions received from other sources (not participants or employers)2015-12-31$7,528
Other income received2015-12-31$58,604
Net income (gross income less expenses)2015-12-31$689,512
Net plan assets at end of year (total assets less liabilities)2015-12-31$9,836,208
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$9,146,696
Assets. Value of participant loans2015-12-31$7,524
Total contributions received or receivable from employer(s)2015-12-31$675,105
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$2,428
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2014 401k financial data
Total income from all sources2014-12-31$1,444,406
Expenses. Total of all expenses incurred2014-12-31$390,323
Benefits paid (including direct rollovers)2014-12-31$384,673
Total plan assets at end of year2014-12-31$9,146,696
Total plan assets at beginning of year2014-12-31$8,092,613
Value of fidelity bond covering the plan2014-12-31$1,500,000
Total contributions received or receivable from participants2014-12-31$142,010
Contributions received from other sources (not participants or employers)2014-12-31$6,994
Other income received2014-12-31$648,982
Net income (gross income less expenses)2014-12-31$1,054,083
Net plan assets at end of year (total assets less liabilities)2014-12-31$9,146,696
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$8,092,613
Assets. Value of participant loans2014-12-31$11,677
Total contributions received or receivable from employer(s)2014-12-31$646,420
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$5,650
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2013 401k financial data
Total income from all sources2013-12-31$1,784,101
Expenses. Total of all expenses incurred2013-12-31$383,855
Benefits paid (including direct rollovers)2013-12-31$381,493
Total plan assets at end of year2013-12-31$8,092,613
Total plan assets at beginning of year2013-12-31$6,692,367
Value of fidelity bond covering the plan2013-12-31$1,500,000
Total contributions received or receivable from participants2013-12-31$133,996
Contributions received from other sources (not participants or employers)2013-12-31$40,590
Other income received2013-12-31$993,621
Net income (gross income less expenses)2013-12-31$1,400,246
Net plan assets at end of year (total assets less liabilities)2013-12-31$8,092,613
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$6,692,367
Total contributions received or receivable from employer(s)2013-12-31$615,894
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$2,362
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$5,558,394
Total income from all sources2012-12-31$1,194,760
Expenses. Total of all expenses incurred2012-12-31$60,787
Benefits paid (including direct rollovers)2012-12-31$59,837
Total plan assets at end of year2012-12-31$6,692,367
Total plan assets at beginning of year2012-12-31$0
Value of fidelity bond covering the plan2012-12-31$1,500,000
Total contributions received or receivable from participants2012-12-31$119,550
Contributions received from other sources (not participants or employers)2012-12-31$1,681
Other income received2012-12-31$539,959
Net income (gross income less expenses)2012-12-31$1,133,973
Net plan assets at end of year (total assets less liabilities)2012-12-31$6,692,367
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Total contributions received or receivable from employer(s)2012-12-31$533,570
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$950
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0

Form 5500 Responses for NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN

2016: NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) 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: NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) 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
2013: NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: NOVELTIES DISTRIBUTION LLC PROFIT SHARING & 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01First time form 5500 has been submittedYes
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
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 – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )
Policy contract numberGA28203
Policy instance 1
Insurance contract or identification numberGA28203
Number of Individuals Covered71
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )
Policy contract number31505
Policy instance 1
Insurance contract or identification number31505
Number of Individuals Covered0
Insurance policy start date2014-01-01
Insurance policy end date2014-01-15
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )
Policy contract numberGA28203
Policy instance 2
Insurance contract or identification numberGA28203
Number of Individuals Covered69
Insurance policy start date2014-01-15
Insurance policy end date2014-12-31
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )
Policy contract number31505
Policy instance 1
Insurance contract or identification number31505
Number of Individuals Covered63
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )
Policy contract number31505
Policy instance 1
Insurance contract or identification number31505
Number of Individuals Covered58
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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