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KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameKOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN
Plan identification number 001

KOR ELECTRONICS 401(K) RETIREMENT SAVINGS 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

MERCURY DEFENSE SYSTEMS has sponsored the creation of one or more 401k plans.

Company Name:MERCURY DEFENSE SYSTEMS
Employer identification number (EIN):330198117
NAIC Classification:334500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01REBECCA GORMAN
0012011-01-01ANN COOK NANCY LAZAR2012-10-15
0012010-01-01ANN COOK THOMAS O HARA2011-10-12
0012009-01-01ANN COOK THOMAS O HARA2010-10-11

Plan Statistics for KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2012: KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01180
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01181
Total number of active participants reported on line 7a of the Form 55002011-01-01132
Number of retired or separated participants receiving benefits2011-01-012
Number of other retired or separated participants entitled to future benefits2011-01-0146
Total of all active and inactive participants2011-01-01180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01180
Number of participants with account balances2011-01-01145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-014
2010: KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01154
Total number of active participants reported on line 7a of the Form 55002010-01-01129
Number of retired or separated participants receiving benefits2010-01-012
Number of other retired or separated participants entitled to future benefits2010-01-0150
Total of all active and inactive participants2010-01-01181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01181
Number of participants with account balances2010-01-01145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-012
2009: KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01112
Total number of active participants reported on line 7a of the Form 55002009-01-0171
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0133
Total of all active and inactive participants2009-01-01104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01104
Number of participants with account balances2009-01-0185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015

Financial Data on KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2012 : KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 2012 401k financial data
Total transfer of assets to this plan2012-12-31$540
Total transfer of assets from this plan2012-12-31$12,280,193
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$3,225,589
Total loss/gain on sale of assets2012-12-31$65,795
Total of all expenses incurred2012-12-31$1,641,935
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,625,860
Expenses. Certain deemed distributions of participant loans2012-12-31$10,155
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,954,474
Value of total assets at end of year2012-12-31$542
Value of total assets at beginning of year2012-12-31$10,696,541
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$5,920
Total interest from all sources2012-12-31$10,705
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$304,528
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$299,516
Assets. Corporate prefeered stocks other than exployer securities at end of year2012-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2012-12-31$24,328
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,196,542
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$212,725
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$328,697
Other income not declared elsewhere2012-12-31$540
Administrative expenses (other) incurred2012-12-31$5,920
Total non interest bearing cash at end of year2012-12-31$0
Total non interest bearing cash at beginning of year2012-12-31$824
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,583,654
Value of net assets at end of year (total assets less liabilities)2012-12-31$542
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$10,696,541
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$8,562,983
Interest on participant loans2012-12-31$9,979
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$542
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$1,596,276
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$1,596,276
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$726
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$890,087
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$429,235
Income. Dividends from preferred stock2012-12-31$250
Income. Dividends from common stock2012-12-31$4,762
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,625,860
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$299,405
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$10,193,355
Aggregate carrying amount (costs) on sale of assets2012-12-31$10,127,560
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31MAYER HOFFMAN MCCANN
Accountancy firm EIN2012-12-31431947695
2011 : KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$21,813
Total unrealized appreciation/depreciation of assets2011-12-31$21,813
Total income from all sources (including contributions)2011-12-31$1,229,456
Total loss/gain on sale of assets2011-12-31$-82,447
Total of all expenses incurred2011-12-31$1,518,283
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,514,920
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,565,726
Value of total assets at end of year2011-12-31$10,696,541
Value of total assets at beginning of year2011-12-31$10,985,368
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$3,363
Total interest from all sources2011-12-31$11,181
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$221,572
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$219,345
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-12-31$24,328
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2011-12-31$16,568
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,148,524
Participant contributions at end of year2011-12-31$212,725
Participant contributions at beginning of year2011-12-31$165,238
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$1,793
Administrative expenses (other) incurred2011-12-31$3,363
Total non interest bearing cash at end of year2011-12-31$824
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-288,827
Value of net assets at end of year (total assets less liabilities)2011-12-31$10,696,541
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$10,985,368
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 registered invesment companies (eg mutual funds) at end of year2011-12-31$8,562,983
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$8,965,364
Interest on participant loans2011-12-31$11,022
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$1,596,276
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$1,404,587
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$1,404,587
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$159
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-508,389
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 contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$415,409
Income. Dividends from preferred stock2011-12-31$1,601
Income. Dividends from common stock2011-12-31$626
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,514,920
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$299,405
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$433,611
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 PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$7,623,310
Aggregate carrying amount (costs) on sale of assets2011-12-31$7,705,757
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 name2011-12-31MAYER HOFFMANN MCCANN
Accountancy firm EIN2011-12-31431947695
2010 : KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$67,015
Total unrealized appreciation/depreciation of assets2010-12-31$67,015
Total transfer of assets to this plan2010-12-31$3,125,548
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$2,617,360
Total loss/gain on sale of assets2010-12-31$-54,718
Total of all expenses incurred2010-12-31$734,912
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$727,667
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,612,496
Value of total assets at end of year2010-12-31$10,985,368
Value of total assets at beginning of year2010-12-31$5,977,372
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$7,245
Total interest from all sources2010-12-31$11,103
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$207,158
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$205,826
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-12-31$16,568
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,127,496
Participant contributions at end of year2010-12-31$165,238
Participant contributions at beginning of year2010-12-31$140,326
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$73,448
Administrative expenses (other) incurred2010-12-31$7,245
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$1,882,448
Value of net assets at end of year (total assets less liabilities)2010-12-31$10,985,368
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,977,372
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 registered invesment companies (eg mutual funds) at end of year2010-12-31$8,965,364
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$4,278,839
Interest on participant loans2010-12-31$10,866
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,404,587
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,558,207
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,558,207
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$237
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$774,306
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 contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$411,552
Income. Dividends from preferred stock2010-12-31$652
Income. Dividends from common stock2010-12-31$680
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$727,667
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$433,611
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$0
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
Aggregate proceeds on sale of assets2010-12-31$5,470,811
Aggregate carrying amount (costs) on sale of assets2010-12-31$5,525,529
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 name2010-12-31MAYER HOFFMAN MCCANN
Accountancy firm EIN2010-12-31431947695
2009 : KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN

2012: KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01This submission is the final filingYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: KOR ELECTRONICS 401(K) RETIREMENT SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: KOR ELECTRONICS 401(K) RETIREMENT SAVINGS 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 funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: KOR ELECTRONICS 401(K) RETIREMENT SAVINGS 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 funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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