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CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 401k Plan overview

Plan NameCUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN
Plan identification number 001

CUSTOM PRODUCTS, INC. PROFIT SHARING/401K 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.
  • 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

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

Company Name:CUSTOM PRODUCTS, INC.
Employer identification number (EIN):561052875
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01DAVID D MCKNIGHT DAVID D MCKNIGHT2015-12-16
0012014-01-01DAVID D MCKNIGHT DAVID D MCKNIGHT2015-10-06
0012013-01-01DAVID D MCKNIGHT2014-06-30 DAVID D MCKNIGHT2014-06-30
0012012-01-01DAVID D MCKNIGHT DAVID D MCKNIGHT2013-07-23
0012011-01-01DAVID D. MCKNIGHT DAVID D. MCKNIGHT2012-06-20
0012009-01-01DAVID MCKNIGHT

Plan Statistics for CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN

401k plan membership statisitcs for CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN

Measure Date Value
2015: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0184
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0166
Total number of active participants reported on line 7a of the Form 55002014-01-0180
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-014
Total of all active and inactive participants2014-01-0184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0184
Number of participants with account balances2014-01-0161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-013
2013: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0165
Total number of active participants reported on line 7a of the Form 55002013-01-0165
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-0166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0166
Number of participants with account balances2013-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0165
Total number of active participants reported on line 7a of the Form 55002012-01-0163
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-012
Total of all active and inactive participants2012-01-0165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0165
Number of participants with account balances2012-01-0154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0167
Total number of active participants reported on line 7a of the Form 55002011-01-0164
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-0165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0165
Number of participants with account balances2011-01-0154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01132
Total number of active participants reported on line 7a of the Form 55002009-01-0170
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0138
Total of all active and inactive participants2009-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01108
Number of participants with account balances2009-01-0199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0119

Financial Data on CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN

Measure Date Value
2015 : CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2015 401k financial data
Total income from all sources2015-11-11$153,616
Expenses. Total of all expenses incurred2015-11-11$4,442,591
Benefits paid (including direct rollovers)2015-11-11$4,432,682
Total plan assets at end of year2015-11-11$0
Total plan assets at beginning of year2015-11-11$4,288,975
Value of fidelity bond covering the plan2015-11-11$500,000
Total contributions received or receivable from participants2015-11-11$115,110
Other income received2015-11-11$22,960
Net income (gross income less expenses)2015-11-11$-4,288,975
Net plan assets at end of year (total assets less liabilities)2015-11-11$0
Net plan assets at beginning of year (total assets less liabilities)2015-11-11$4,288,975
Assets. Value of participant loans2015-11-11$0
Total contributions received or receivable from employer(s)2015-11-11$15,546
Value of corrective distributions2015-11-11$5,459
Expenses. Administrative service providers (salaries,fees and commissions)2015-11-11$4,450
2014 : CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2014 401k financial data
Total income from all sources2014-12-31$409,352
Expenses. Total of all expenses incurred2014-12-31$136,526
Benefits paid (including direct rollovers)2014-12-31$135,376
Total plan assets at end of year2014-12-31$4,288,975
Total plan assets at beginning of year2014-12-31$4,016,149
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$170,358
Other income received2014-12-31$212,648
Net income (gross income less expenses)2014-12-31$272,826
Net plan assets at end of year (total assets less liabilities)2014-12-31$4,288,975
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$4,016,149
Assets. Value of participant loans2014-12-31$106,230
Total contributions received or receivable from employer(s)2014-12-31$26,346
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,150
2013 : CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2013 401k financial data
Total income from all sources2013-12-31$646,713
Expenses. Total of all expenses incurred2013-12-31$18,631
Benefits paid (including direct rollovers)2013-12-31$13,905
Total plan assets at end of year2013-12-31$4,016,149
Total plan assets at beginning of year2013-12-31$3,388,067
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$149,511
Other income received2013-12-31$473,939
Net income (gross income less expenses)2013-12-31$628,082
Net plan assets at end of year (total assets less liabilities)2013-12-31$4,016,149
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$3,388,067
Assets. Value of participant loans2013-12-31$58,377
Total contributions received or receivable from employer(s)2013-12-31$23,263
Value of corrective distributions2013-12-31$4,026
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$700
2012 : CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2012 401k financial data
Total income from all sources2012-12-31$455,231
Expenses. Total of all expenses incurred2012-12-31$70,726
Benefits paid (including direct rollovers)2012-12-31$69,951
Total plan assets at end of year2012-12-31$3,388,067
Total plan assets at beginning of year2012-12-31$3,003,562
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$154,651
Other income received2012-12-31$277,311
Net income (gross income less expenses)2012-12-31$384,505
Net plan assets at end of year (total assets less liabilities)2012-12-31$3,388,067
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$3,003,562
Assets. Value of participant loans2012-12-31$40,023
Total contributions received or receivable from employer(s)2012-12-31$23,269
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$775
2011 : CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2011 401k financial data
Total income from all sources2011-12-31$3,267,786
Expenses. Total of all expenses incurred2011-12-31$264,224
Benefits paid (including direct rollovers)2011-12-31$247,439
Total plan assets at end of year2011-12-31$3,003,562
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$139,557
Other income received2011-12-31$3,056,342
Net income (gross income less expenses)2011-12-31$3,003,562
Net plan assets at end of year (total assets less liabilities)2011-12-31$3,003,562
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$0
Assets. Value of participant loans2011-12-31$59,707
Total contributions received or receivable from employer(s)2011-12-31$71,887
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$16,785
2010 : CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
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$357,779
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$534,130
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$533,305
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$140,499
Value of total assets at end of year2010-12-31$3,058,066
Value of total assets at beginning of year2010-12-31$3,234,417
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$825
Total interest from all sources2010-12-31$51,809
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$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 bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
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$120,240
Participant contributions at end of year2010-12-31$74,041
Participant contributions at beginning of year2010-12-31$51,354
Other income not declared elsewhere2010-12-31$66
Administrative expenses (other) incurred2010-12-31$825
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-176,351
Value of net assets at end of year (total assets less liabilities)2010-12-31$3,058,066
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$3,234,417
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$1,516,108
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,355,336
Interest on participant loans2010-12-31$3,848
Interest earned on other investments2010-12-31$47,961
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$1,467,917
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$1,827,727
Net investment gain/loss from pooled separate accounts2010-12-31$165,405
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$20,259
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$533,305
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 name2010-12-31EDWARDS, FALLS, RENEGAR, PLLC
Accountancy firm EIN2010-12-31561534005

Form 5500 Responses for CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN

2015: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K 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 filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
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
2015-01-01Plan benefit arrangement - TrustYes
2014: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K 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
2014-01-01Plan benefit arrangement - TrustYes
2013: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K 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 – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K 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 – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
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 – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: CUSTOM PRODUCTS, INC. PROFIT SHARING/401K 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

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHX180
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHX180
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHX180
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHX180
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHX180
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHX180
Policy instance 1

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