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CORE MANUFACTURING 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameCORE MANUFACTURING 401(K) PROFIT SHARING PLAN
Plan identification number 001

CORE MANUFACTURING 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • 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

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

Company Name:SIPCO, INC.
Employer identification number (EIN):251212759
NAIC Classification:331200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORE MANUFACTURING 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-10-01ERIC A HOOVER2015-03-16 ERIC A HOOVER2015-03-16
0012011-10-01ERIC A HOOVER2013-02-08 ERIC A HOOVER2013-02-08
0012010-10-01ERIC HOOVER2012-05-17 ERIC HOOVER2012-05-17
0012009-10-01ERIC HOOVER ERIC HOOVER2011-06-10
0012008-10-01ERIC HOOVER ERIC HOOVER2011-07-05
0012008-10-01

Plan Statistics for CORE MANUFACTURING 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for CORE MANUFACTURING 401(K) PROFIT SHARING PLAN

Measure Date Value
2009: CORE MANUFACTURING 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-10-01227
Total number of active participants reported on line 7a of the Form 55002009-10-0138
Number of retired or separated participants receiving benefits2009-10-010
Number of other retired or separated participants entitled to future benefits2009-10-011
Total of all active and inactive participants2009-10-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-10-010
Total participants2009-10-0139
Number of participants with account balances2009-10-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-10-010
2008: CORE MANUFACTURING 401(K) PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year2008-10-01181
Total number of active participants reported on line 7a of the Form 55002008-10-01202
Number of retired or separated participants receiving benefits2008-10-010
Number of other retired or separated participants entitled to future benefits2008-10-0125
Total of all active and inactive participants2008-10-01227
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-10-010
Total participants2008-10-01227
Number of participants with account balances2008-10-01227
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-10-0119

Financial Data on CORE MANUFACTURING 401(K) PROFIT SHARING PLAN

Measure Date Value
2010 : CORE MANUFACTURING 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-09-30$0
2009 : CORE MANUFACTURING 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total unrealized appreciation/depreciation of assets2009-09-30$0
Total transfer of assets to this plan2009-09-30$906,980
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-09-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-09-30$0
Total income from all sources (including contributions)2009-09-30$508,944
Total loss/gain on sale of assets2009-09-30$0
Total of all expenses incurred2009-09-30$1,245,292
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2009-09-30$1,239,836
Expenses. Certain deemed distributions of participant loans2009-09-30$818
Total contributions o plan (from employers,participants, others, non cash contrinutions)2009-09-30$438,756
Value of total assets at end of year2009-09-30$6,724,812
Value of total assets at beginning of year2009-09-30$6,554,180
Total of administrative expenses incurred including professional, contract, advisory and management fees2009-09-30$4,638
Total interest from all sources2009-09-30$41,133
Total dividends received (eg from common stock, registered investment company shares)2009-09-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2009-09-30No
Was this plan covered by a fidelity bond2009-09-30Yes
Value of fidelity bond cover2009-09-30$500,000
If this is an individual account plan, was there a blackout period2009-09-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-09-30$0
Were there any nonexempt tranactions with any party-in-interest2009-09-30No
Contributions received from participants2009-09-30$378,454
Participant contributions at end of year2009-09-30$123,178
Participant contributions at beginning of year2009-09-30$23,736
Income. Received or receivable in cash from other sources (including rollovers)2009-09-30$29,312
Administrative expenses (other) incurred2009-09-30$4,638
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2009-09-30No
Value of net income/loss2009-09-30$-736,348
Value of net assets at end of year (total assets less liabilities)2009-09-30$6,724,812
Value of net assets at beginning of year (total assets less liabilities)2009-09-30$6,554,180
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2009-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2009-09-30No
Were any leases to which the plan was party in default or uncollectible2009-09-30No
Value of interest in registered invesment companies (eg mutual funds) at end of year2009-09-30$5,408,847
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2009-09-30$5,373,201
Value of interest in pooled separate accounts at end of year2009-09-30$665
Value of interest in pooled separate accounts at beginning of year2009-09-30$58
Interest on participant loans2009-09-30$3,876
Interest earned on other investments2009-09-30$37,257
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2009-09-30$1,192,122
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2009-09-30$1,157,185
Net investment gain/loss from registered investment companies (e.g. mutual funds)2009-09-30$28,951
Net investment gain/loss from pooled separate accounts2009-09-30$104
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2009-09-30No
Was there a failure to transmit to the plan any participant contributions2009-09-30No
Has the plan failed to provide any benefit when due under the plan2009-09-30No
Contributions received in cash from employer2009-09-30$30,990
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2009-09-30$1,239,836
Did the plan have assets held for investment2009-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2009-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2009-09-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2009-09-30Yes
Opinion of an independent qualified public accountant for this plan2009-09-30Disclaimer
Accountancy firm name2009-09-30MCGILL, POWER, BELL & ASSOCIATES LL
Accountancy firm EIN2009-09-30251031405

Form 5500 Responses for CORE MANUFACTURING 401(K) PROFIT SHARING PLAN

2009: CORE MANUFACTURING 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-10-01Type of plan entitySingle employer plan
2009-10-01Submission has been amendedNo
2009-10-01This submission is the final filingNo
2009-10-01This return/report is a short plan year return/report (less than 12 months)No
2009-10-01Plan is a collectively bargained planNo
2009-10-01Plan funding arrangement – InsuranceYes
2009-10-01Plan funding arrangement – TrustYes
2009-10-01Plan benefit arrangement – InsuranceYes
2009-10-01Plan benefit arrangement - TrustYes
2008: CORE MANUFACTURING 401(K) PROFIT SHARING PLAN 2008 form 5500 responses
2008-10-01Type of plan entitySingle employer plan
2008-10-01Submission has been amendedYes
2008-10-01This submission is the final filingNo
2008-10-01This return/report is a short plan year return/report (less than 12 months)No
2008-10-01Plan is a collectively bargained planNo
2008-10-01Plan funding arrangement – InsuranceYes
2008-10-01Plan funding arrangement – TrustYes
2008-10-01Plan benefit arrangement – InsuranceYes
2008-10-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number041059
Policy instance 1
Insurance contract or identification number041059
Number of Individuals Covered227
Insurance policy start date2008-10-01
Insurance policy end date2009-09-30
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
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?Yes
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
Welfare Benefit Premiums Paid to CarrierUSD $3,008,430
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees53040
Additional information about fees paid to insurance brokerSUPPLEMENTAL COMPENSATION
Insurance broker organization code?3

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