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NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 401k Plan overview

Plan NameNORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST
Plan identification number 001

NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NORTH CAROLINA RAILROAD COMPANY has sponsored the creation of one or more 401k plans.

Company Name:NORTH CAROLINA RAILROAD COMPANY
Employer identification number (EIN):566003280
NAIC Classification:531190
NAIC Description:Lessors of Other Real Estate Property

Additional information about NORTH CAROLINA RAILROAD COMPANY

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 0194240

More information about NORTH CAROLINA RAILROAD COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01COREY MALLARD2019-07-23 COREY MALLARD2019-07-23
0012017-01-01DANIEL HALLORAN2018-10-05
0012016-01-01DANIEL P. HALLORAN2017-05-04
0012015-01-01DANIEL P. HALLORAN2016-07-13
0012014-01-01DANIEL P. HALLORAN2015-06-10
0012013-01-01DANIEL P. HALLORAN2014-10-02
0012012-01-01DANIEL P. HALLORAN2013-07-16

Plan Statistics for NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST

401k plan membership statisitcs for NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST

Measure Date Value
2022: NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-0123
Total number of active participants reported on line 7a of the Form 55002022-01-0123
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-016
Total of all active and inactive participants2022-01-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0129
Number of participants with account balances2022-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-0119
Total number of active participants reported on line 7a of the Form 55002021-01-0117
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-016
Total of all active and inactive participants2021-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0123
Number of participants with account balances2021-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-0119
Total number of active participants reported on line 7a of the Form 55002020-01-0115
Number of other retired or separated participants entitled to future benefits2020-01-014
Total of all active and inactive participants2020-01-0119
Total participants2020-01-0119
Number of participants with account balances2020-01-0119
2019: NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-0120
Total number of active participants reported on line 7a of the Form 55002019-01-0117
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-012
Total of all active and inactive participants2019-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0119
Number of participants with account balances2019-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST

Measure Date Value
2022 : NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$4,272
Expenses. Total of all expenses incurred2022-12-31$244,196
Benefits paid (including direct rollovers)2022-12-31$242,730
Total plan assets at end of year2022-12-31$1,655,859
Total plan assets at beginning of year2022-12-31$1,895,783
Value of fidelity bond covering the plan2022-12-31$2,000,000
Total contributions received or receivable from participants2022-12-31$152,522
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-322,296
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-239,924
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,655,859
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,895,783
Assets. Value of participant loans2022-12-31$33,087
Total contributions received or receivable from employer(s)2022-12-31$174,046
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$1,466
2021 : NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$517,027
Expenses. Total of all expenses incurred2021-12-31$92,123
Benefits paid (including direct rollovers)2021-12-31$90,828
Total plan assets at end of year2021-12-31$1,895,783
Total plan assets at beginning of year2021-12-31$1,470,879
Value of fidelity bond covering the plan2021-12-31$2,000,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$138,743
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$211,050
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$424,904
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,895,783
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,470,879
Assets. Value of participant loans2021-12-31$43,579
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$167,234
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$1,295
2020 : NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$522,750
Expenses. Total of all expenses incurred2020-12-31$781,652
Benefits paid (including direct rollovers)2020-12-31$780,826
Total plan assets at end of year2020-12-31$1,470,879
Total plan assets at beginning of year2020-12-31$1,729,781
Value of fidelity bond covering the plan2020-12-31$2,000,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$146,855
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$17,841
Other income received2020-12-31$202,863
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-258,902
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,470,879
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,729,781
Assets. Value of participant loans2020-12-31$56,342
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$155,191
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$826
2019 : NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$640,499
Expenses. Total of all expenses incurred2019-12-31$26,843
Benefits paid (including direct rollovers)2019-12-31$24,304
Total plan assets at end of year2019-12-31$1,729,781
Total plan assets at beginning of year2019-12-31$1,116,125
Value of fidelity bond covering the plan2019-12-31$2,000,000
Total contributions received or receivable from participants2019-12-31$161,619
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$289,269
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$613,656
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,729,781
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,116,125
Total contributions received or receivable from employer(s)2019-12-31$189,611
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$2,539

Form 5500 Responses for NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST

2022: NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NORTH CAROLINA RAILROAD COMPANY EMPLOYEES SAVINGS TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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