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SOUTHERN CROSS CORP 401(K) PLAN 401k Plan overview

Plan NameSOUTHERN CROSS CORP 401(K) PLAN
Plan identification number 002

SOUTHERN CROSS CORP 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.
  • 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.
  • 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

SPARUS HOLDINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SPARUS HOLDINGS, INC.
Employer identification number (EIN):580860784
NAIC Classification:221500

Additional information about SPARUS HOLDINGS, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1947-10-02
Company Identification Number: 152525

More information about SPARUS HOLDINGS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN CROSS CORP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022016-01-01SEAN DURKIN
0022015-01-01SEAN DURKIN
0022015-01-01LIBBY WALKER SEAN DURKIN2016-10-14
0022014-01-01SEAN DURKIN
0022013-01-01ROGER MORRISON
0022012-01-01SUE BACCUS2013-10-14

Plan Statistics for SOUTHERN CROSS CORP 401(K) PLAN

401k plan membership statisitcs for SOUTHERN CROSS CORP 401(K) PLAN

Measure Date Value
2016: SOUTHERN CROSS CORP 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01400
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: SOUTHERN CROSS CORP 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01386
Total number of active participants reported on line 7a of the Form 55002015-01-01369
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0117
Total of all active and inactive participants2015-01-01386
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01386
Number of participants with account balances2015-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: SOUTHERN CROSS CORP 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01425
Total number of active participants reported on line 7a of the Form 55002014-01-01307
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0135
Total of all active and inactive participants2014-01-01342
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01342
Number of participants with account balances2014-01-0158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: SOUTHERN CROSS CORP 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01325
Total number of active participants reported on line 7a of the Form 55002013-01-01329
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0119
Total of all active and inactive participants2013-01-01348
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01348
Number of participants with account balances2013-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010

Financial Data on SOUTHERN CROSS CORP 401(K) PLAN

Measure Date Value
2016 : SOUTHERN CROSS CORP 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-01-31$0
Total transfer of assets to this plan2016-01-31$0
Total transfer of assets from this plan2016-01-31$1,761,445
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-01-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-01-31$0
Total income from all sources (including contributions)2016-01-31$-79,050
Total loss/gain on sale of assets2016-01-31$0
Total of all expenses incurred2016-01-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-01-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-01-31$0
Value of total assets at end of year2016-01-31$0
Value of total assets at beginning of year2016-01-31$1,840,495
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-01-31$0
Total interest from all sources2016-01-31$0
Total dividends received (eg from common stock, registered investment company shares)2016-01-31$358
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-01-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-01-31$358
Was this plan covered by a fidelity bond2016-01-31Yes
Value of fidelity bond cover2016-01-31$500,000
If this is an individual account plan, was there a blackout period2016-01-31No
Were there any nonexempt tranactions with any party-in-interest2016-01-31No
Participant contributions at beginning of year2016-01-31$37,423
Other income not declared elsewhere2016-01-31$113
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-01-31No
Value of net income/loss2016-01-31$-79,050
Value of net assets at end of year (total assets less liabilities)2016-01-31$0
Value of net assets at beginning of year (total assets less liabilities)2016-01-31$1,840,495
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-01-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-01-31No
Were any leases to which the plan was party in default or uncollectible2016-01-31No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-01-31$1,803,072
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-01-31$-79,521
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-01-31No
Was there a failure to transmit to the plan any participant contributions2016-01-31No
Has the plan failed to provide any benefit when due under the plan2016-01-31No
Did the plan have assets held for investment2016-01-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-01-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-01-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-01-31Yes
Opinion of an independent qualified public accountant for this plan2016-01-31Disclaimer
Accountancy firm name2016-01-31SANTI & ASSOCIATES, PC
Accountancy firm EIN2016-01-31582019486
2015 : SOUTHERN CROSS CORP 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$810,547
Total transfer of assets from this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$39,852
Total income from all sources (including contributions)2015-12-31$14,647
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$635,076
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$628,981
Expenses. Certain deemed distributions of participant loans2015-12-31$162
Value of total corrective distributions2015-12-31$2,934
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$51,431
Value of total assets at end of year2015-12-31$1,840,495
Value of total assets at beginning of year2015-12-31$1,690,229
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$2,999
Total interest from all sources2015-12-31$1,726
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$93,328
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$93,328
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$51,431
Participant contributions at end of year2015-12-31$37,423
Participant contributions at beginning of year2015-12-31$55,230
Participant contributions at beginning of year2015-12-31$3,218
Administrative expenses (other) incurred2015-12-31$2,999
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-620,429
Value of net assets at end of year (total assets less liabilities)2015-12-31$1,840,495
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$1,650,377
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$1,803,072
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$1,631,781
Interest on participant loans2015-12-31$1,726
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-131,838
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$628,981
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$39,852
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31SANTI & ASSOCIATES, PC
Accountancy firm EIN2015-12-31582019486
2014 : SOUTHERN CROSS CORP 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets to this plan2014-12-31$-108,864
Total transfer of assets from this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$39,852
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$32,920
Total income from all sources (including contributions)2014-12-31$215,371
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$255,452
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$205,937
Expenses. Certain deemed distributions of participant loans2014-12-31$6,177
Value of total corrective distributions2014-12-31$39,852
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$149,702
Value of total assets at end of year2014-12-31$1,690,229
Value of total assets at beginning of year2014-12-31$1,832,242
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$3,486
Total interest from all sources2014-12-31$2,785
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$89,210
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$89,210
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$145,534
Participant contributions at end of year2014-12-31$55,230
Participant contributions at beginning of year2014-12-31$81,545
Participant contributions at end of year2014-12-31$3,218
Participant contributions at beginning of year2014-12-31$9,023
Other income not declared elsewhere2014-12-31$3
Administrative expenses (other) incurred2014-12-31$3,486
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-40,081
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,650,377
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,799,322
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$1,631,781
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,732,908
Interest on participant loans2014-12-31$2,785
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-26,329
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$4,168
Employer contributions (assets) at beginning of year2014-12-31$8,766
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$205,937
Liabilities. Value of benefit claims payable at end of year2014-12-31$39,852
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$32,920
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31SANTI & ASSOCIATES, PC
Accountancy firm EIN2014-12-31582019486
2013 : SOUTHERN CROSS CORP 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$32,920
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$393,022
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$151,189
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$147,218
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$211,994
Value of total assets at end of year2013-12-31$1,832,242
Value of total assets at beginning of year2013-12-31$1,557,489
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$3,971
Total interest from all sources2013-12-31$3,698
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$64,930
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$64,930
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$128,485
Participant contributions at end of year2013-12-31$81,545
Participant contributions at beginning of year2013-12-31$96,031
Participant contributions at end of year2013-12-31$9,023
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$74,743
Other income not declared elsewhere2013-12-31$2
Administrative expenses (other) incurred2013-12-31$3,971
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$241,833
Value of net assets at end of year (total assets less liabilities)2013-12-31$1,799,322
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,557,489
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$1,732,908
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$1,461,458
Interest on participant loans2013-12-31$3,698
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$112,398
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$8,766
Employer contributions (assets) at end of year2013-12-31$8,766
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$147,218
Liabilities. Value of benefit claims payable at end of year2013-12-31$32,920
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BENNETT THRASHER
Accountancy firm EIN2013-12-31581673613

Form 5500 Responses for SOUTHERN CROSS CORP 401(K) PLAN

2016: SOUTHERN CROSS CORP 401(K) 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 filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SOUTHERN CROSS CORP 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
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: SOUTHERN CROSS CORP 401(K) 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: SOUTHERN CROSS CORP 401(K) 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

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