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TFX 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameTFX 401K PROFIT SHARING PLAN
Plan identification number 002

TFX 401K PROFIT SHARING 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.
  • 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

COMPLETE LIQUIDATIONS, INC. D/B/A FURNITURE X-CHANGE has sponsored the creation of one or more 401k plans.

Company Name:COMPLETE LIQUIDATIONS, INC. D/B/A FURNITURE X-CHANGE
Employer identification number (EIN):223548165
NAIC Classification:454390
NAIC Description:Other Direct Selling Establishments

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TFX 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022014-01-01MARK SILVERBERG2014-07-28
0022013-01-01MARK SILVERBERG
0022012-01-01MARK SILVERBERG
0022011-01-01EMILIO DI IORIO2012-06-25
0022010-01-01EMILIO DI IORIO2011-05-09

Financial Data on TFX 401K PROFIT SHARING PLAN

Measure Date Value
2013 : TFX 401K PROFIT SHARING PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$119,855
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,079,150
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,071,091
Value of total corrective distributions2013-12-31$6,814
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$22,825
Value of total assets at end of year2013-12-31$62,035
Value of total assets at beginning of year2013-12-31$1,021,330
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$1,245
Total interest from all sources2013-12-31$20,781
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$22,825
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$20,778
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$2,091
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-959,295
Value of net assets at end of year (total assets less liabilities)2013-12-31$62,035
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,021,330
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in pooled separate accounts at end of year2013-12-31$0
Value of interest in pooled separate accounts at beginning of year2013-12-31$365,193
Interest on participant loans2013-12-31$745
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$20,036
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$62,035
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$633,268
Net investment gain/loss from pooled separate accounts2013-12-31$76,249
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,071,091
Contract administrator fees2013-12-31$1,245
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BEDERSON LLP
Accountancy firm EIN2013-12-31222978848
2012 : TFX 401K PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
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$94,672
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$10,338
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$6,463
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$31,715
Value of total assets at end of year2012-12-31$1,021,330
Value of total assets at beginning of year2012-12-31$936,996
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$3,875
Total interest from all sources2012-12-31$19,549
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$120,000
If this is an individual account plan, was there a blackout period2012-12-31No
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$31,715
Participant contributions at end of year2012-12-31$20,778
Participant contributions at beginning of year2012-12-31$21,240
Participant contributions at end of year2012-12-31$2,091
Participant contributions at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$84,334
Value of net assets at end of year (total assets less liabilities)2012-12-31$1,021,330
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$936,996
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
Value of interest in pooled separate accounts at end of year2012-12-31$365,193
Value of interest in pooled separate accounts at beginning of year2012-12-31$300,048
Interest on participant loans2012-12-31$1,203
Interest earned on other investments2012-12-31$50
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$18,296
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$633,268
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$615,708
Net investment gain/loss from pooled separate accounts2012-12-31$43,408
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 contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$6,463
Contract administrator fees2012-12-31$3,875
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 PBGC2012-12-31No
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 name2012-12-31BEDERSON LLP
Accountancy firm EIN2012-12-31222978848

Form 5500 Responses for TFX 401K PROFIT SHARING PLAN

2013: TFX 401K PROFIT SHARING 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 – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: TFX 401K PROFIT SHARING PLAN 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 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 – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHM422
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHM422
Policy instance 1

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