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PACKLESS INDUSTRIES 401(K) PLAN 401k Plan overview

Plan NamePACKLESS INDUSTRIES 401(K) PLAN
Plan identification number 002

PACKLESS INDUSTRIES 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.
  • 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

PACKLESS INDUSTRIES has sponsored the creation of one or more 401k plans.

Company Name:PACKLESS INDUSTRIES
Employer identification number (EIN):231599017
NAIC Classification:332900

Additional information about PACKLESS INDUSTRIES

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1952-10-13
Company Identification Number: 0001492906
Legal Registered Office Address: 8401 IMPERIAL DR

WACO
United States of America (USA)
76712

More information about PACKLESS INDUSTRIES

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PACKLESS INDUSTRIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022014-01-01PHILIP A. MIDWOOD

Plan Statistics for PACKLESS INDUSTRIES 401(K) PLAN

401k plan membership statisitcs for PACKLESS INDUSTRIES 401(K) PLAN

Measure Date Value
2014: PACKLESS INDUSTRIES 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01137
Total number of active participants reported on line 7a of the Form 55002014-01-01149
Number of retired or separated participants receiving benefits2014-01-013
Number of other retired or separated participants entitled to future benefits2014-01-0110
Total of all active and inactive participants2014-01-01162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01162
Number of participants with account balances2014-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-015

Financial Data on PACKLESS INDUSTRIES 401(K) PLAN

Measure Date Value
2014 : PACKLESS INDUSTRIES 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$3,172
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$3,022
Total income from all sources (including contributions)2014-12-31$553,399
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$64,876
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$45,456
Expenses. Certain deemed distributions of participant loans2014-12-31$3,087
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$481,552
Value of total assets at end of year2014-12-31$1,598,981
Value of total assets at beginning of year2014-12-31$1,110,308
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$16,333
Total interest from all sources2014-12-31$1,684
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$59,294
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$59,294
Administrative expenses professional fees incurred2014-12-31$3,238
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$200,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$341,699
Participant contributions at end of year2014-12-31$51,941
Participant contributions at beginning of year2014-12-31$40,179
Participant contributions at end of year2014-12-31$3,194
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$5,282
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$3,172
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$3,022
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$488,523
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,595,809
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,107,286
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$13,095
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$1,538,842
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,070,129
Interest on participant loans2014-12-31$1,684
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$10,869
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$134,571
Employer contributions (assets) at end of year2014-12-31$5,004
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$45,456
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31WIPFLI LLP
Accountancy firm EIN2014-12-31390758449

Form 5500 Responses for PACKLESS INDUSTRIES 401(K) PLAN

2014: PACKLESS INDUSTRIES 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 – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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