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SUCHMAN LLC 401(K) PLAN 401k Plan overview

Plan NameSUCHMAN LLC 401(K) PLAN
Plan identification number 001

SUCHMAN LLC 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

SUCHMAN, LLC has sponsored the creation of one or more 401k plans.

Company Name:SUCHMAN, LLC
Employer identification number (EIN):271088554
NAIC Classification:448110
NAIC Description:Men's Clothing Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUCHMAN LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01WILLIAM KNELLER
0012015-01-01WILLIAM KNELLER
0012014-01-01RUTH MONTILLA RUTH MONTILLA2015-10-15

Plan Statistics for SUCHMAN LLC 401(K) PLAN

401k plan membership statisitcs for SUCHMAN LLC 401(K) PLAN

Measure Date Value
2016: SUCHMAN LLC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-014,038
Total number of active participants reported on line 7a of the Form 55002016-01-013,775
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01175
Total of all active and inactive participants2016-01-013,950
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-013,951
Number of participants with account balances2016-01-01544
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-014
2015: SUCHMAN LLC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-014,087
Total number of active participants reported on line 7a of the Form 55002015-01-013,888
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01150
Total of all active and inactive participants2015-01-014,038
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-014,038
Number of participants with account balances2015-01-01635
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: SUCHMAN LLC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-014,090
Total number of active participants reported on line 7a of the Form 55002014-01-014,020
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0167
Total of all active and inactive participants2014-01-014,087
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-014,087
Number of participants with account balances2014-01-01668
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0146

Financial Data on SUCHMAN LLC 401(K) PLAN

Measure Date Value
2016 : SUCHMAN LLC 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$24,473
Total income from all sources (including contributions)2016-12-31$128,087
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$2,749,234
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$2,709,251
Expenses. Certain deemed distributions of participant loans2016-12-31$2,067
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$3,837
Value of total assets at end of year2016-12-31$2,010,672
Value of total assets at beginning of year2016-12-31$4,656,292
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$37,916
Total interest from all sources2016-12-31$169
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$50,493
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$50,493
Administrative expenses professional fees incurred2016-12-31$33,191
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$3,837
Participant contributions at end of year2016-12-31$2,339
Participant contributions at beginning of year2016-12-31$8,601
Participant contributions at beginning of year2016-12-31$1,624
Liabilities. Value of operating payables at beginning of year2016-12-31$24,473
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-2,621,147
Value of net assets at end of year (total assets less liabilities)2016-12-31$2,010,672
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$4,631,819
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$2,008,333
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$4,646,067
Interest on participant loans2016-12-31$169
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$73,588
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at beginning of year2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$2,709,251
Contract administrator fees2016-12-31$4,725
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
2015 : SUCHMAN LLC 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$24,473
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$24,358
Total income from all sources (including contributions)2015-12-31$19,264
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$940,615
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$892,166
Expenses. Certain deemed distributions of participant loans2015-12-31$6,754
Value of total corrective distributions2015-12-31$6,607
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$62,056
Value of total assets at end of year2015-12-31$4,656,292
Value of total assets at beginning of year2015-12-31$5,577,528
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$35,088
Total interest from all sources2015-12-31$826
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$198,405
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$198,405
Administrative expenses professional fees incurred2015-12-31$33,244
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$50,707
Participant contributions at end of year2015-12-31$8,601
Participant contributions at beginning of year2015-12-31$30,443
Participant contributions at end of year2015-12-31$1,624
Participant contributions at beginning of year2015-12-31$6,598
Liabilities. Value of operating payables at end of year2015-12-31$24,473
Liabilities. Value of operating payables at beginning of year2015-12-31$24,358
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-921,351
Value of net assets at end of year (total assets less liabilities)2015-12-31$4,631,819
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$5,553,170
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$4,646,067
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$5,540,487
Interest on participant loans2015-12-31$826
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-242,023
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$0
Assets. Invements in employer securities at beginning of year2015-12-31$0
Contributions received in cash from employer2015-12-31$11,349
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$892,166
Contract administrator fees2015-12-31$1,844
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MAYER HOFFMAN MCCANN CPAS
Accountancy firm EIN2015-12-31431947695
2014 : SUCHMAN LLC 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets from this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$24,358
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$493,247
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$1,664,299
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,617,050
Expenses. Certain deemed distributions of participant loans2014-12-31$6,754
Value of total corrective distributions2014-12-31$16,184
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$143,015
Value of total assets at end of year2014-12-31$5,577,528
Value of total assets at beginning of year2014-12-31$6,724,222
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$24,311
Total interest from all sources2014-12-31$2,112
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$143,015
Participant contributions at end of year2014-12-31$30,443
Participant contributions at beginning of year2014-12-31$65,218
Participant contributions at end of year2014-12-31$6,598
Participant contributions at beginning of year2014-12-31$6,488
Administrative expenses (other) incurred2014-12-31$24,311
Liabilities. Value of operating payables at end of year2014-12-31$24,358
Liabilities. Value of operating payables at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-1,171,052
Value of net assets at end of year (total assets less liabilities)2014-12-31$5,553,170
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$6,724,222
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
Value of interest in pooled separate accounts at end of year2014-12-31$5,540,487
Value of interest in pooled separate accounts at beginning of year2014-12-31$6,652,516
Interest on participant loans2014-12-31$2,112
Net investment gain/loss from pooled separate accounts2014-12-31$348,120
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,617,050
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 name2014-12-31MAYER HOFFMAN MCCANN CPAS
Accountancy firm EIN2014-12-31431947695

Form 5500 Responses for SUCHMAN LLC 401(K) PLAN

2016: SUCHMAN LLC 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
2015: SUCHMAN LLC 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
2014: SUCHMAN LLC 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

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-710800
Policy instance 1
Insurance contract or identification numberGA-710800
Number of Individuals Covered635
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $10,598
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,598
Insurance broker organization code?3
Insurance broker nameHORNOR TOWNSEND & KENT INC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-710800
Policy instance 1
Insurance contract or identification numberGA-710800
Number of Individuals Covered668
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $12,615
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $12,615
Insurance broker organization code?3
Insurance broker nameHORNOR TOWNSEND & KENT INC

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