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FAIRMOUNT HOMES EMPLOYEE PENSION PLAN 401k Plan overview

Plan NameFAIRMOUNT HOMES EMPLOYEE PENSION PLAN
Plan identification number 001

FAIRMOUNT HOMES EMPLOYEE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

FAIRMOUNT HOMES has sponsored the creation of one or more 401k plans.

Company Name:FAIRMOUNT HOMES
Employer identification number (EIN):231680874
NAIC Classification:623000
NAIC Description: Nursing and Residential Care Facilities

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAIRMOUNT HOMES EMPLOYEE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-07-01ALLAN CHANKO ALLAN CHANKO2012-11-15
0012010-07-01ALLAN CHANKO ALLAN CHANKO2012-04-13
0012009-07-01ALLAN CHANKO ALLAN CHANKO2011-03-21

Plan Statistics for FAIRMOUNT HOMES EMPLOYEE PENSION PLAN

401k plan membership statisitcs for FAIRMOUNT HOMES EMPLOYEE PENSION PLAN

Measure Date Value
2011: FAIRMOUNT HOMES EMPLOYEE PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-07-01167
Total number of active participants reported on line 7a of the Form 55002011-07-010
Number of retired or separated participants receiving benefits2011-07-010
Number of other retired or separated participants entitled to future benefits2011-07-010
Total of all active and inactive participants2011-07-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-07-010
Total participants2011-07-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-07-010
2010: FAIRMOUNT HOMES EMPLOYEE PENSION PLAN 2010 401k membership
Total participants, beginning-of-year2010-07-01170
Total number of active participants reported on line 7a of the Form 55002010-07-01137
Number of retired or separated participants receiving benefits2010-07-0118
Number of other retired or separated participants entitled to future benefits2010-07-0111
Total of all active and inactive participants2010-07-01166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-07-011
Total participants2010-07-01167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-07-010
2009: FAIRMOUNT HOMES EMPLOYEE PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-01171
Total number of active participants reported on line 7a of the Form 55002009-07-01142
Number of retired or separated participants receiving benefits2009-07-0115
Number of other retired or separated participants entitled to future benefits2009-07-0113
Total of all active and inactive participants2009-07-01170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-010
Total participants2009-07-01170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-010

Financial Data on FAIRMOUNT HOMES EMPLOYEE PENSION PLAN

Measure Date Value
2012 : FAIRMOUNT HOMES EMPLOYEE PENSION PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-01-04$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-01-04$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-01-04$0
Total income from all sources (including contributions)2012-01-04$344
Total loss/gain on sale of assets2012-01-04$0
Total of all expenses incurred2012-01-04$4,132,432
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-01-04$4,109,462
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-01-04$0
Value of total assets at end of year2012-01-04$0
Value of total assets at beginning of year2012-01-04$4,132,088
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-01-04$22,970
Total interest from all sources2012-01-04$344
Total dividends received (eg from common stock, registered investment company shares)2012-01-04$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-01-04Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-01-04$0
Was this plan covered by a fidelity bond2012-01-04Yes
Value of fidelity bond cover2012-01-04$250,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-01-04$0
Were there any nonexempt tranactions with any party-in-interest2012-01-04No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-01-04$2,999,272
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-01-04$22
Administrative expenses (other) incurred2012-01-04$17,231
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-01-04No
Value of net income/loss2012-01-04$-4,132,088
Value of net assets at end of year (total assets less liabilities)2012-01-04$0
Value of net assets at beginning of year (total assets less liabilities)2012-01-04$4,132,088
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-01-04No
Were any loans by the plan or fixed income obligations due to the plan in default2012-01-04No
Were any leases to which the plan was party in default or uncollectible2012-01-04No
Investment advisory and management fees2012-01-04$5,739
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-01-04$2,721,941
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-01-04$2,721,941
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-01-04$344
Expenses. Payments to insurance carriers foe the provision of benefits2012-01-04$1,110,190
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-01-04No
Was there a failure to transmit to the plan any participant contributions2012-01-04No
Has the plan failed to provide any benefit when due under the plan2012-01-04No
Employer contributions (assets) at end of year2012-01-04$0
Employer contributions (assets) at beginning of year2012-01-04$1,410,125
Did the plan have assets held for investment2012-01-04Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-01-04No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-01-04Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-01-04Yes
Opinion of an independent qualified public accountant for this plan2012-01-04Disclaimer
Accountancy firm name2012-01-04PADDEN, GUERRINI & ASSOCIATES, PC
Accountancy firm EIN2012-01-04232290841
2011 : FAIRMOUNT HOMES EMPLOYEE PENSION PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-06-30$-36,883
Total unrealized appreciation/depreciation of assets2011-06-30$-36,883
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-06-30$0
Total income from all sources (including contributions)2011-06-30$1,789,019
Total loss/gain on sale of assets2011-06-30$310,090
Total of all expenses incurred2011-06-30$159,849
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-06-30$119,364
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-06-30$1,460,125
Value of total assets at end of year2011-06-30$4,132,088
Value of total assets at beginning of year2011-06-30$2,502,918
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-06-30$40,485
Total interest from all sources2011-06-30$27,153
Total dividends received (eg from common stock, registered investment company shares)2011-06-30$28,534
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-06-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-06-30$0
Administrative expenses professional fees incurred2011-06-30$21,728
Was this plan covered by a fidelity bond2011-06-30Yes
Value of fidelity bond cover2011-06-30$250,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-06-30$0
Were there any nonexempt tranactions with any party-in-interest2011-06-30No
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-06-30$22
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-06-30$13,343
Administrative expenses (other) incurred2011-06-30$237
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-06-30No
Value of net income/loss2011-06-30$1,629,170
Value of net assets at end of year (total assets less liabilities)2011-06-30$4,132,088
Value of net assets at beginning of year (total assets less liabilities)2011-06-30$2,502,918
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2011-06-30No
Were any leases to which the plan was party in default or uncollectible2011-06-30No
Investment advisory and management fees2011-06-30$9,130
Interest earned on other investments2011-06-30$-3,129
Income. Interest from US Government securities2011-06-30$22,083
Income. Interest from corporate debt instruments2011-06-30$8,199
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-06-30$2,721,941
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-06-30$241,753
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-06-30$241,753
Asset value of US Government securities at beginning of year2011-06-30$716,840
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-06-30Yes
Was there a failure to transmit to the plan any participant contributions2011-06-30No
Has the plan failed to provide any benefit when due under the plan2011-06-30No
Contributions received in cash from employer2011-06-30$1,460,125
Employer contributions (assets) at end of year2011-06-30$1,410,125
Employer contributions (assets) at beginning of year2011-06-30$191,000
Income. Dividends from common stock2011-06-30$28,534
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-06-30$119,364
Asset. Corporate debt instrument preferred debt at beginning of year2011-06-30$162,599
Contract administrator fees2011-06-30$9,390
Assets. Corporate common stocks other than exployer securities at beginning of year2011-06-30$1,177,383
Did the plan have assets held for investment2011-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-06-30No
Aggregate proceeds on sale of assets2011-06-30$4,441,474
Aggregate carrying amount (costs) on sale of assets2011-06-30$4,131,384
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-06-30Yes
Opinion of an independent qualified public accountant for this plan2011-06-30Disclaimer
Accountancy firm name2011-06-30PADDEN, GUERRINI & ASSOCIATES, PC
Accountancy firm EIN2011-06-30232290841
2010 : FAIRMOUNT HOMES EMPLOYEE PENSION PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-06-30$0

Form 5500 Responses for FAIRMOUNT HOMES EMPLOYEE PENSION PLAN

2011: FAIRMOUNT HOMES EMPLOYEE PENSION PLAN 2011 form 5500 responses
2011-07-01Type of plan entitySingle employer plan
2011-07-01Submission has been amendedNo
2011-07-01This submission is the final filingYes
2011-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2011-07-01Plan is a collectively bargained planNo
2011-07-01Plan funding arrangement – TrustYes
2011-07-01Plan benefit arrangement – InsuranceYes
2011-07-01Plan benefit arrangement - TrustYes
2010: FAIRMOUNT HOMES EMPLOYEE PENSION PLAN 2010 form 5500 responses
2010-07-01Type of plan entitySingle employer plan
2010-07-01Submission has been amendedNo
2010-07-01This submission is the final filingNo
2010-07-01This return/report is a short plan year return/report (less than 12 months)No
2010-07-01Plan is a collectively bargained planNo
2010-07-01Plan funding arrangement – TrustYes
2010-07-01Plan benefit arrangement - TrustYes
2009: FAIRMOUNT HOMES EMPLOYEE PENSION PLAN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedNo
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planNo
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement - TrustYes

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