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DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameDESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

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

Company Name:DESIGN TEAMS, INC.
Employer identification number (EIN):521329554
NAIC Classification:561490

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01ROBERT SELL2019-09-20 ROBERT SELL2019-09-20
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01
0022013-01-01KIM GOMOLJAK
0022012-01-01KIM GOMOLJAK
0022011-01-01KIM GOMOLJAK
0022009-01-01NICOLE MEDGAARDEN

Plan Statistics for DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2018: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0152
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0157
Total number of active participants reported on line 7a of the Form 55002017-01-0123
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-0127
Total of all active and inactive participants2017-01-0152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0152
Number of participants with account balances2017-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0164
Total number of active participants reported on line 7a of the Form 55002016-01-0133
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0124
Total of all active and inactive participants2016-01-0157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0157
Number of participants with account balances2016-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0169
Total number of active participants reported on line 7a of the Form 55002015-01-0133
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0131
Total of all active and inactive participants2015-01-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0164
Number of participants with account balances2015-01-0164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0173
Total number of active participants reported on line 7a of the Form 55002014-01-0136
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0133
Total of all active and inactive participants2014-01-0169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0169
Number of participants with account balances2014-01-0169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0173
Total number of active participants reported on line 7a of the Form 55002013-01-0140
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0133
Total of all active and inactive participants2013-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0173
Number of participants with account balances2013-01-0173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0175
Total number of active participants reported on line 7a of the Form 55002012-01-0146
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0127
Total of all active and inactive participants2012-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0173
Number of participants with account balances2012-01-0173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0176
Total number of active participants reported on line 7a of the Form 55002011-01-0150
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0125
Total of all active and inactive participants2011-01-0175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0175
Number of participants with account balances2011-01-0175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0182
Total number of active participants reported on line 7a of the Form 55002009-01-0173
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0110
Total of all active and inactive participants2009-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0183
Number of participants with account balances2009-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0118

Financial Data on DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2018 : DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$-40,309
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$4,076
Total income from all sources2018-12-31$15,959
Expenses. Total of all expenses incurred2018-12-31$470,248
Benefits paid (including direct rollovers)2018-12-31$470,223
Total plan assets at end of year2018-12-31$0
Total plan assets at beginning of year2018-12-31$498,674
Value of fidelity bond covering the plan2018-12-31$500,000
Expenses. Other expenses not covered elsewhere2018-12-31$25
Other income received2018-12-31$15,959
Net income (gross income less expenses)2018-12-31$-454,289
Net plan assets at end of year (total assets less liabilities)2018-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$494,598
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$4,076
Total plan liabilities at beginning of year2017-12-31$13,006
Total income from all sources2017-12-31$125,612
Expenses. Total of all expenses incurred2017-12-31$28,677
Benefits paid (including direct rollovers)2017-12-31$28,677
Total plan assets at end of year2017-12-31$498,674
Total plan assets at beginning of year2017-12-31$410,669
Value of fidelity bond covering the plan2017-12-31$500,000
Other income received2017-12-31$125,612
Net income (gross income less expenses)2017-12-31$96,935
Net plan assets at end of year (total assets less liabilities)2017-12-31$494,598
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$397,663
Assets. Value of employer securities2017-12-31$491,336
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$28,457
2016 : DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$13,006
Total plan liabilities at beginning of year2016-12-31$22,815
Total income from all sources2016-12-31$22,807
Expenses. Total of all expenses incurred2016-12-31$44,988
Benefits paid (including direct rollovers)2016-12-31$44,988
Total plan assets at end of year2016-12-31$410,669
Total plan assets at beginning of year2016-12-31$442,659
Value of fidelity bond covering the plan2016-12-31$500,000
Other income received2016-12-31$22,807
Net income (gross income less expenses)2016-12-31$-22,181
Net plan assets at end of year (total assets less liabilities)2016-12-31$397,663
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$419,844
Assets. Value of employer securities2016-12-31$394,182
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$44,629
2015 : DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$22,815
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$-23,971
Expenses. Total of all expenses incurred2015-12-31$46,017
Benefits paid (including direct rollovers)2015-12-31$46,017
Total plan assets at end of year2015-12-31$442,659
Total plan assets at beginning of year2015-12-31$489,832
Value of fidelity bond covering the plan2015-12-31$500,000
Other income received2015-12-31$-23,971
Net income (gross income less expenses)2015-12-31$-69,988
Net plan assets at end of year (total assets less liabilities)2015-12-31$419,844
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$489,832
Assets. Value of employer securities2015-12-31$416,003
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$45,772
2014 : DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$250
Total income from all sources2014-12-31$54,537
Expenses. Total of all expenses incurred2014-12-31$47,580
Benefits paid (including direct rollovers)2014-12-31$47,580
Total plan assets at end of year2014-12-31$489,832
Total plan assets at beginning of year2014-12-31$483,125
Value of fidelity bond covering the plan2014-12-31$2,000,000
Other income received2014-12-31$54,537
Net income (gross income less expenses)2014-12-31$6,957
Net plan assets at end of year (total assets less liabilities)2014-12-31$489,832
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$482,875
Assets. Value of employer securities2014-12-31$485,746
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$47,161
2013 : DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$250
Total plan liabilities at beginning of year2013-12-31$1,882
Total income from all sources2013-12-31$-44,000
Expenses. Total of all expenses incurred2013-12-31$0
Total plan assets at end of year2013-12-31$483,125
Total plan assets at beginning of year2013-12-31$528,757
Value of fidelity bond covering the plan2013-12-31$2,000,000
Other income received2013-12-31$-44,000
Net income (gross income less expenses)2013-12-31$-44,000
Net plan assets at end of year (total assets less liabilities)2013-12-31$482,875
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$526,875
Assets. Value of employer securities2013-12-31$478,369
2012 : DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$1,882
Total plan liabilities at beginning of year2012-12-31$1,631
Total income from all sources2012-12-31$2,600
Expenses. Total of all expenses incurred2012-12-31$31,001
Benefits paid (including direct rollovers)2012-12-31$31,001
Total plan assets at end of year2012-12-31$528,757
Total plan assets at beginning of year2012-12-31$556,907
Value of fidelity bond covering the plan2012-12-31$2,000,000
Other income received2012-12-31$2,600
Net income (gross income less expenses)2012-12-31$-28,401
Net plan assets at end of year (total assets less liabilities)2012-12-31$526,875
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$555,276
Assets. Value of employer securities2012-12-31$522,370
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$1,631
Total plan liabilities at beginning of year2011-12-31$775,892
Total income from all sources2011-12-31$513,920
Expenses. Total of all expenses incurred2011-12-31$15,834
Benefits paid (including direct rollovers)2011-12-31$5,880
Total plan assets at end of year2011-12-31$556,907
Total plan assets at beginning of year2011-12-31$833,082
Value of fidelity bond covering the plan2011-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2011-12-31$9,954
Other income received2011-12-31$508,040
Net income (gross income less expenses)2011-12-31$498,086
Net plan assets at end of year (total assets less liabilities)2011-12-31$555,276
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$57,190
Assets. Value of employer securities2011-12-31$550,520
Total contributions received or receivable from employer(s)2011-12-31$5,880
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$775,892
Total plan liabilities at beginning of year2010-12-31$793,707
Total income from all sources2010-12-31$-40,968
Expenses. Total of all expenses incurred2010-12-31$69,874
Benefits paid (including direct rollovers)2010-12-31$23,207
Total plan assets at end of year2010-12-31$833,082
Total plan assets at beginning of year2010-12-31$961,739
Value of fidelity bond covering the plan2010-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2010-12-31$46,657
Other income received2010-12-31$-128,647
Net income (gross income less expenses)2010-12-31$-110,842
Net plan assets at end of year (total assets less liabilities)2010-12-31$57,190
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$168,032
Assets. Value of employer securities2010-12-31$828,326
Total contributions received or receivable from employer(s)2010-12-31$87,679
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$10
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP 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 DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN

2018: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP 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 – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP 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 – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP 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 – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP 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 is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: DESIGN TEAMS, INC. AND SUBSIDIARIES EMPLOYEE STOCK OWNERSHIP 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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