401k Plan data: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN plan

DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
Stock bonus
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.
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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

DIRECT SOUTH, INC. has sponsored the creation of one or more 401k plans.

Company Name: DIRECT SOUTH, INC.

Employer identification number (EIN): 580943931

NAIC Classification: 423990
NAIC Description: Other Miscellaneous Durable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2016-01-01
002 2015-01-01 GEORGE ADAMS GEORGE ADAMS 2016-09-01
002 2015-01-01
002 2014-01-01
002 2014-01-01
002 2014-01-01 DANNY L. TRUELOVE
002 2013-01-01
002 2012-05-01 DANNY L. TRUELOVE DIRECT SOUTH INC. 2013-07-19
002 2011-05-01 DANNY L. TRUELOVE
002 2010-05-01 RONALD WILLOUR
002 2009-05-01 DANNY TRUELOVE DANNY TRUELOVE 2010-08-23

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
002	2016-01-01
002	2015-01-01	GEORGE ADAMS	GEORGE ADAMS	2016-09-01
002	2015-01-01
002	2014-01-01
002	2014-01-01
002	2014-01-01	DANNY L. TRUELOVE
002	2013-01-01
002	2012-05-01	DANNY L. TRUELOVE	DIRECT SOUTH INC.	2013-07-19
002	2011-05-01	DANNY L. TRUELOVE
002	2010-05-01	RONALD WILLOUR
002	2009-05-01	DANNY TRUELOVE	DANNY TRUELOVE	2010-08-23

Financial Data on DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2015 : DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Transfers to/from the plan	2015-12-31	$0
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$459,779
Expenses. Total of all expenses incurred	2015-12-31	$0
Benefits paid (including direct rollovers)	2015-12-31	$550,644
Total plan assets at end of year	2015-12-31	$1,547,101
Total plan assets at beginning of year	2015-12-31	$1,087,322
Value of fidelity bond covering the plan	2015-12-31	$150,000
Total contributions received or receivable from participants	2015-12-31	$94,126
Expenses. Other expenses not covered elsewhere	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$0
Other income received	2015-12-31	$459,779
Noncash contributions received	2015-12-31	$0
Net income (gross income less expenses)	2015-12-31	$459,779
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,547,101
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,087,322
Assets. Value of participant loans	2015-12-31	$23,872
Assets. Value of assets in partnership/joint-venture interests	2015-12-31	$0
Total contributions received or receivable from employer(s)	2015-12-31	$46,912
Value of certain deemed distributions of participant loans	2015-12-31	$525
Value of corrective distributions	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$0
2014 : DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$306,525
Expenses. Total of all expenses incurred	2014-12-31	$702,849
Benefits paid (including direct rollovers)	2014-12-31	$702,024
Total plan assets at end of year	2014-12-31	$2,750,764
Total plan assets at beginning of year	2014-12-31	$3,147,088
Value of fidelity bond covering the plan	2014-12-31	$400,000
Total contributions received or receivable from participants	2014-12-31	$113,047
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$139,452
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$-396,324
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$2,750,764
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$3,147,088
Assets. Value of participant loans	2014-12-31	$39,053
Assets. Value of assets in partnership/joint-venture interests	2014-12-31	$0
Assets. Value of employer securities	2014-12-31	$1,087,322
Total contributions received or receivable from employer(s)	2014-12-31	$54,026
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$825
2013 : DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total plan liabilities at end of year	2013-12-31	$716,507
Total plan liabilities at beginning of year	2013-12-31	$859,754
Total income from all sources	2013-12-31	$494,094
Expenses. Total of all expenses incurred	2013-12-31	$53,092
Benefits paid (including direct rollovers)	2013-12-31	$5,428
Total plan assets at end of year	2013-12-31	$1,806,540
Total plan assets at beginning of year	2013-12-31	$1,508,785
Value of fidelity bond covering the plan	2013-12-31	$150,000
Total contributions received or receivable from participants	2013-12-31	$148,864
Expenses. Other expenses not covered elsewhere	2013-12-31	$47,664
Contributions received from other sources (not participants or employers)	2013-12-31	$0
Other income received	2013-12-31	$21,683
Noncash contributions received	2013-12-31	$0
Net income (gross income less expenses)	2013-12-31	$441,002
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$1,090,033
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$649,031
Assets. Value of participant loans	2013-12-31	$29,609
Assets. Value of assets in partnership/joint-venture interests	2013-12-31	$138
Assets. Value of employer securities	2013-12-31	$1,375,918
Total contributions received or receivable from employer(s)	2013-12-31	$472,411
Value of certain deemed distributions of participant loans	2013-12-31	$0
Value of corrective distributions	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$525
2012 : DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Transfers to/from the plan	2012-12-31	$1,345,025
Total plan liabilities at end of year	2012-12-31	$0
Total plan liabilities at beginning of year	2012-12-31	$0
Total income from all sources	2012-12-31	$173,016
Expenses. Total of all expenses incurred	2012-12-31	$128,217
Benefits paid (including direct rollovers)	2012-12-31	$127,917
Total plan assets at end of year	2012-12-31	$3,367,543
Total plan assets at beginning of year	2012-12-31	$1,977,719
Value of fidelity bond covering the plan	2012-12-31	$150,000
Total contributions received or receivable from participants	2012-12-31	$58,920
Expenses. Other expenses not covered elsewhere	2012-12-31	$0
Contributions received from other sources (not participants or employers)	2012-12-31	$0
Other income received	2012-12-31	$87,138
Noncash contributions received	2012-12-31	$0
Net income (gross income less expenses)	2012-12-31	$44,799
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$3,367,543
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,977,719
Assets. Value of participant loans	2012-12-31	$37,744
Assets. Value of assets in partnership/joint-venture interests	2012-12-31	$50,000
Assets. Value of employer securities	2012-12-31	$1,398,829
Total contributions received or receivable from employer(s)	2012-12-31	$26,958
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$300
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Transfers to/from the plan	2012-04-30	$0
Total plan liabilities at end of year	2012-04-30	$0
Total plan liabilities at beginning of year	2012-04-30	$0
Total income from all sources	2012-04-30	$165,560
Expenses. Total of all expenses incurred	2012-04-30	$35,776
Benefits paid (including direct rollovers)	2012-04-30	$35,486
Total plan assets at end of year	2012-04-30	$1,977,719
Total plan assets at beginning of year	2012-04-30	$1,847,935
Value of fidelity bond covering the plan	2012-04-30	$300,000
Total contributions received or receivable from participants	2012-04-30	$89,016
Expenses. Other expenses not covered elsewhere	2012-04-30	$290
Contributions received from other sources (not participants or employers)	2012-04-30	$0
Other income received	2012-04-30	$28,386
Noncash contributions received	2012-04-30	$0
Net income (gross income less expenses)	2012-04-30	$129,784
Net plan assets at end of year (total assets less liabilities)	2012-04-30	$1,977,719
Net plan assets at beginning of year (total assets less liabilities)	2012-04-30	$1,847,935
Assets. Value of participant loans	2012-04-30	$26,571
Assets. Value of assets in partnership/joint-venture interests	2012-04-30	$50,000
Assets. Value of employer securities	2012-04-30	$1,293,185
Total contributions received or receivable from employer(s)	2012-04-30	$48,158
Value of certain deemed distributions of participant loans	2012-04-30	$0
Value of corrective distributions	2012-04-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-04-30	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-04-30	$0
2011 : DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Transfers to/from the plan	2011-04-30	$0
Total plan liabilities at end of year	2011-04-30	$1,077,332
Total plan liabilities at beginning of year	2011-04-30	$0
Total income from all sources	2011-04-30	$110,583
Expenses. Total of all expenses incurred	2011-04-30	$54,352
Benefits paid (including direct rollovers)	2011-04-30	$7,489
Total plan assets at end of year	2011-04-30	$1,448,482
Total plan assets at beginning of year	2011-04-30	$314,919
Value of fidelity bond covering the plan	2011-04-30	$40,000
Total contributions received or receivable from participants	2011-04-30	$82,889
Expenses. Other expenses not covered elsewhere	2011-04-30	$54,352
Contributions received from other sources (not participants or employers)	2011-04-30	$117
Other income received	2011-04-30	$-325,841
Noncash contributions received	2011-04-30	$0
Net income (gross income less expenses)	2011-04-30	$56,231
Net plan assets at end of year (total assets less liabilities)	2011-04-30	$371,150
Net plan assets at beginning of year (total assets less liabilities)	2011-04-30	$314,919
Assets. Value of participant loans	2011-04-30	$36,646
Assets. Value of assets in partnership/joint-venture interests	2011-04-30	$50,000
Assets. Value of employer securities	2011-04-30	$1,384,828
Total contributions received or receivable from employer(s)	2011-04-30	$436,424
Value of certain deemed distributions of participant loans	2011-04-30	$3,493
Value of corrective distributions	2011-04-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2011-04-30	$50
2010 : DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-04-30	$0

Form 5500 Responses for DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2015: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	Yes
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-05-01	Type of plan entity	Single employer plan
2012-05-01	Submission has been amended	No
2012-05-01	This submission is the final filing	No
2012-05-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2012-05-01	Plan is a collectively bargained plan	No
2012-05-01	Plan funding arrangement – Trust	Yes
2012-05-01	Plan benefit arrangement - Trust	Yes
2011: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-05-01	Type of plan entity	Single employer plan
2011-05-01	Submission has been amended	No
2011-05-01	This submission is the final filing	No
2011-05-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-05-01	Plan is a collectively bargained plan	No
2011-05-01	Plan funding arrangement – Trust	Yes
2011-05-01	Plan benefit arrangement - Trust	Yes
2010: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-05-01	Type of plan entity	Single employer plan
2010-05-01	Submission has been amended	No
2010-05-01	This submission is the final filing	No
2010-05-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-05-01	Plan is a collectively bargained plan	No
2010-05-01	Plan funding arrangement – Insurance	Yes
2010-05-01	Plan funding arrangement – Trust	Yes
2010-05-01	Plan benefit arrangement – Insurance	Yes
2010-05-01	Plan benefit arrangement - Trust	Yes
2009: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-05-01	Type of plan entity	Single employer plan
2009-05-01	Submission has been amended	No
2009-05-01	This submission is the final filing	No
2009-05-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-05-01	Plan is a collectively bargained plan	No
2009-05-01	Plan funding arrangement – Insurance	Yes
2009-05-01	Plan funding arrangement – Trust	Yes
2009-05-01	Plan benefit arrangement – Insurance	Yes
2009-05-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

AMERITAS LIFE INSURANCE CORP. (National Association of Insurance Commissioners NAIC id number: 61301 )
Policy contract number	E35 2001
Policy instance	1
UNION CENTRAL LIFE INSURANCE CO. (National Association of Insurance Commissioners NAIC id number: 80837 )
Policy contract number	E352001
Policy instance	1
UNION CENTRAL LIFE INSURANCE CO. (National Association of Insurance Commissioners NAIC id number: 80837 )
Policy contract number	E352001
Policy instance	1
UNION CENTRAL LIFE INSURANCE CO. (National Association of Insurance Commissioners NAIC id number: 80837 )
Policy contract number	E352001
Policy instance	1
UNION CENTRAL LIFE INSURANCE CO. (National Association of Insurance Commissioners NAIC id number: 80837 )
Policy contract number	E352001
Policy instance	1

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Company Name:	DIRECT SOUTH, INC.
Employer identification number (EIN):	580943931
NAIC Classification:	423990
NAIC Description:	Other Miscellaneous Durable Goods Merchant Wholesalers