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ACME FURNITURE INDUSTRY, INC. 401(K) PLAN 401k Plan overview

Plan NameACME FURNITURE INDUSTRY, INC. 401(K) PLAN
Plan identification number 001

ACME FURNITURE INDUSTRY, INC. 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.
  • 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

ACME FURNITURE INDUSTRY, INC. has sponsored the creation of one or more 401k plans.

Company Name:ACME FURNITURE INDUSTRY, INC.
Employer identification number (EIN):330140804
NAIC Classification:423200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ACME FURNITURE INDUSTRY, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01JAMES CHEN JAMES CHEN2011-10-07
0012009-01-01JAMES CHEN JAMES CHEN2010-09-28

Plan Statistics for ACME FURNITURE INDUSTRY, INC. 401(K) PLAN

401k plan membership statisitcs for ACME FURNITURE INDUSTRY, INC. 401(K) PLAN

Measure Date Value
2010: ACME FURNITURE INDUSTRY, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01138
Total number of active participants reported on line 7a of the Form 55002010-01-01127
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0113
Total of all active and inactive participants2010-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01140
Number of participants with account balances2010-01-0128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: ACME FURNITURE INDUSTRY, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01111
Total number of active participants reported on line 7a of the Form 55002009-01-01113
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0112
Total of all active and inactive participants2009-01-01125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01125
Number of participants with account balances2009-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on ACME FURNITURE INDUSTRY, INC. 401(K) PLAN

Measure Date Value
2011 : ACME FURNITURE INDUSTRY, INC. 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$18,867
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$226,096
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$225,076
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$24,982
Value of total assets at end of year2011-12-31$0
Value of total assets at beginning of year2011-12-31$207,229
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$1,020
Total interest from all sources2011-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31No
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$24,982
Participant contributions at beginning of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$7,115
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-207,229
Value of net assets at end of year (total assets less liabilities)2011-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$207,229
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in pooled separate accounts at beginning of year2011-12-31$191,871
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$8,218
Net investment gain/loss from pooled separate accounts2011-12-31$-6,115
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$0
Employer contributions (assets) at beginning of year2011-12-31$25
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$225,076
Contract administrator fees2011-12-31$1,020
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31CASEY K. TUNG, C.P.A.
Accountancy firm EIN2011-12-31330471053
2010 : ACME FURNITURE INDUSTRY, INC. 401(K) PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$53,244
Total of all expenses incurred2010-12-31$166,283
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$157,410
Expenses. Certain deemed distributions of participant loans2010-12-31$8,248
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$29,613
Value of total assets at end of year2010-12-31$207,229
Value of total assets at beginning of year2010-12-31$320,268
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$625
Total interest from all sources2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31No
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$29,588
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$34,800
Participant contributions at end of year2010-12-31$7,115
Participant contributions at beginning of year2010-12-31$757
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Other income not declared elsewhere2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-113,039
Value of net assets at end of year (total assets less liabilities)2010-12-31$207,229
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$320,268
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in pooled separate accounts at end of year2010-12-31$191,871
Value of interest in pooled separate accounts at beginning of year2010-12-31$225,008
Interest on participant loans2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$8,218
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$59,703
Net investment gain/loss from pooled separate accounts2010-12-31$23,631
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31Yes
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$25
Employer contributions (assets) at end of year2010-12-31$25
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$157,410
Contract administrator fees2010-12-31$625
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31CASEY K. TUNG, C.P.A.
Accountancy firm EIN2010-12-31330471053

Form 5500 Responses for ACME FURNITURE INDUSTRY, INC. 401(K) PLAN

2010: ACME FURNITURE INDUSTRY, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: ACME FURNITURE INDUSTRY, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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