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

Plan NameDIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 004

DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • 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.

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 SignedName of Company SponsorDate Sponsor Signed
0042016-01-01GEORGE ADAMS
0042015-01-01GEORGE ADAMS GEORGE ADAMS2016-10-13

Plan Statistics for DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2016: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-010
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: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0143
Total number of active participants reported on line 7a of the Form 55002015-01-0132
Number of retired or separated participants receiving benefits2015-01-011
Number of other retired or separated participants entitled to future benefits2015-01-0110
Total of all active and inactive participants2015-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0143
Number of participants with account balances2015-01-0143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

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

Measure Date Value
2016 : DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total income from all sources2016-12-31$0
Expenses. Total of all expenses incurred2016-12-31$1,547,101
Benefits paid (including direct rollovers)2016-12-31$1,547,101
Total plan assets at end of year2016-12-31$0
Total plan assets at beginning of year2016-12-31$1,547,101
Value of fidelity bond covering the plan2016-12-31$150,000
Net income (gross income less expenses)2016-12-31$-1,547,101
Net plan assets at end of year (total assets less liabilities)2016-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,547,101
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total income from all sources2015-12-31$459,779
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$1,547,101
Total plan assets at beginning of year2015-12-31$1,087,322
Value of fidelity bond covering the plan2015-12-31$150,000
Other income received2015-12-31$459,779
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0

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

2016: DIRECT SOUTH, INC. 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 filingYes
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: DIRECT SOUTH, INC. EMPLOYEE STOCK OWNERSHIP 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

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