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W. T. YOUNG, LLC RETIREMENT PLAN 401k Plan overview

Plan NameW. T. YOUNG, LLC RETIREMENT PLAN
Plan identification number 001

W. T. YOUNG, LLC RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

W.T. YOUNG, LLC has sponsored the creation of one or more 401k plans.

Company Name:W.T. YOUNG, LLC
Employer identification number (EIN):610545498
NAIC Classification:484110
NAIC Description:General Freight Trucking, Local

Form 5500 Filing Information

Submission information for form 5500 for 401k plan W. T. YOUNG, LLC RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-09-01
0012021-09-01
0012020-09-01
0012019-09-01
0012019-09-01
0012018-09-01
0012017-09-01
0012016-09-01
0012015-09-01
0012014-09-01
0012013-09-01
0012012-09-01JOHN LOVERN
0012011-09-01JOHN LOVERN
0012010-09-01ROBERT L WARREN
0012009-09-01ROBERT L WARREN

Plan Statistics for W. T. YOUNG, LLC RETIREMENT PLAN

401k plan membership statisitcs for W. T. YOUNG, LLC RETIREMENT PLAN

Measure Date Value
2012: W. T. YOUNG, LLC RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-09-01109
Total number of active participants reported on line 7a of the Form 55002012-09-0167
Number of retired or separated participants receiving benefits2012-09-0130
Total of all active and inactive participants2012-09-0197
Total participants2012-09-0197
Number of participants with account balances2012-09-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-09-010
2011: W. T. YOUNG, LLC RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-09-01107
Total number of active participants reported on line 7a of the Form 55002011-09-0166
Number of retired or separated participants receiving benefits2011-09-0143
Number of other retired or separated participants entitled to future benefits2011-09-010
Total of all active and inactive participants2011-09-01109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-09-010
Total participants2011-09-01109
Number of participants with account balances2011-09-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-09-010
2010: W. T. YOUNG, LLC RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-09-01118
Total number of active participants reported on line 7a of the Form 55002010-09-0169
Number of retired or separated participants receiving benefits2010-09-0138
Total of all active and inactive participants2010-09-01107
Total participants2010-09-01107
Number of participants with account balances2010-09-01107
2009: W. T. YOUNG, LLC RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-09-01144
Total number of active participants reported on line 7a of the Form 55002009-09-0182
Number of retired or separated participants receiving benefits2009-09-0136
Total of all active and inactive participants2009-09-01118
Total participants2009-09-01118
Number of participants with account balances2009-09-01118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-09-010

Financial Data on W. T. YOUNG, LLC RETIREMENT PLAN

Measure Date Value
2013 : W. T. YOUNG, LLC RETIREMENT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-08-31$2,063,702
Total unrealized appreciation/depreciation of assets2013-08-31$2,063,702
Total income from all sources (including contributions)2013-08-31$2,621,447
Total loss/gain on sale of assets2013-08-31$122,324
Total of all expenses incurred2013-08-31$86,209
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-08-31$86,209
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-08-31$225,000
Value of total assets at end of year2013-08-31$14,600,834
Value of total assets at beginning of year2013-08-31$12,065,596
Total interest from all sources2013-08-31$50
Total dividends received (eg from common stock, registered investment company shares)2013-08-31$209,406
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-08-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-08-31$105,498
Was this plan covered by a fidelity bond2013-08-31Yes
Value of fidelity bond cover2013-08-31$500,000
If this is an individual account plan, was there a blackout period2013-08-31No
Were there any nonexempt tranactions with any party-in-interest2013-08-31No
Assets. Other investments not covered elsewhere at end of year2013-08-31$55,634
Assets. Other investments not covered elsewhere at beginning of year2013-08-31$52,154
Other income not declared elsewhere2013-08-31$965
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-08-31No
Value of net income/loss2013-08-31$2,535,238
Value of net assets at end of year (total assets less liabilities)2013-08-31$14,600,834
Value of net assets at beginning of year (total assets less liabilities)2013-08-31$12,065,596
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-08-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-08-31No
Were any leases to which the plan was party in default or uncollectible2013-08-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-08-31$7,910,265
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-08-31$6,655,934
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-08-31$603,144
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-08-31$329,950
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-08-31$329,950
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-08-31$50
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-08-31No
Was there a failure to transmit to the plan any participant contributions2013-08-31No
Has the plan failed to provide any benefit when due under the plan2013-08-31No
Contributions received in cash from employer2013-08-31$225,000
Employer contributions (assets) at end of year2013-08-31$225,000
Employer contributions (assets) at beginning of year2013-08-31$225,000
Income. Dividends from common stock2013-08-31$103,908
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-08-31$86,209
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-08-31No
Assets. Corporate common stocks other than exployer securities at end of year2013-08-31$5,806,791
Assets. Corporate common stocks other than exployer securities at beginning of year2013-08-31$4,802,558
Did the plan have assets held for investment2013-08-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-08-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-08-31No
Aggregate proceeds on sale of assets2013-08-31$524,569
Aggregate carrying amount (costs) on sale of assets2013-08-31$402,245
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-08-31Yes
Opinion of an independent qualified public accountant for this plan2013-08-31Disclaimer
Accountancy firm name2013-08-31KRING RAY FARLEY & RIDDLE PSC
Accountancy firm EIN2013-08-31611015031
2012 : W. T. YOUNG, LLC RETIREMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-08-31$1,254,290
Total unrealized appreciation/depreciation of assets2012-08-31$1,254,290
Total income from all sources (including contributions)2012-08-31$1,688,849
Total loss/gain on sale of assets2012-08-31$32,274
Total of all expenses incurred2012-08-31$305,348
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-08-31$305,348
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-08-31$225,155
Value of total assets at end of year2012-08-31$12,065,596
Value of total assets at beginning of year2012-08-31$10,682,095
Total interest from all sources2012-08-31$45
Total dividends received (eg from common stock, registered investment company shares)2012-08-31$176,189
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-08-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-08-31$90,024
Was this plan covered by a fidelity bond2012-08-31Yes
Value of fidelity bond cover2012-08-31$500,000
If this is an individual account plan, was there a blackout period2012-08-31No
Were there any nonexempt tranactions with any party-in-interest2012-08-31No
Assets. Other investments not covered elsewhere at end of year2012-08-31$52,154
Assets. Other investments not covered elsewhere at beginning of year2012-08-31$49,397
Other income not declared elsewhere2012-08-31$896
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-08-31No
Value of net income/loss2012-08-31$1,383,501
Value of net assets at end of year (total assets less liabilities)2012-08-31$12,065,596
Value of net assets at beginning of year (total assets less liabilities)2012-08-31$10,682,095
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-08-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-08-31No
Were any leases to which the plan was party in default or uncollectible2012-08-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-08-31$6,655,934
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-08-31$5,922,336
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-08-31$329,950
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-08-31$286,727
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-08-31$286,727
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-08-31$45
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-08-31No
Was there a failure to transmit to the plan any participant contributions2012-08-31No
Has the plan failed to provide any benefit when due under the plan2012-08-31No
Contributions received in cash from employer2012-08-31$225,155
Employer contributions (assets) at end of year2012-08-31$225,000
Employer contributions (assets) at beginning of year2012-08-31$225,000
Income. Dividends from common stock2012-08-31$86,165
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-08-31$305,348
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-08-31No
Assets. Corporate common stocks other than exployer securities at end of year2012-08-31$4,802,558
Assets. Corporate common stocks other than exployer securities at beginning of year2012-08-31$4,198,635
Did the plan have assets held for investment2012-08-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-08-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-08-31No
Aggregate proceeds on sale of assets2012-08-31$271,498
Aggregate carrying amount (costs) on sale of assets2012-08-31$239,224
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-08-31Yes
Opinion of an independent qualified public accountant for this plan2012-08-31Disclaimer
Accountancy firm name2012-08-31KRING RAY FARLEY & RIDDLE PSC
Accountancy firm EIN2012-08-31611015031
2011 : W. T. YOUNG, LLC RETIREMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-08-31$1,005,209
Total unrealized appreciation/depreciation of assets2011-08-31$1,005,209
Total income from all sources (including contributions)2011-08-31$1,384,675
Total loss/gain on sale of assets2011-08-31$-2,869
Total of all expenses incurred2011-08-31$139,169
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-08-31$139,169
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-08-31$225,000
Value of total assets at end of year2011-08-31$10,682,095
Value of total assets at beginning of year2011-08-31$9,436,589
Total interest from all sources2011-08-31$31
Total dividends received (eg from common stock, registered investment company shares)2011-08-31$156,296
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-08-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-08-31$80,286
Was this plan covered by a fidelity bond2011-08-31Yes
Value of fidelity bond cover2011-08-31$500,000
If this is an individual account plan, was there a blackout period2011-08-31No
Were there any nonexempt tranactions with any party-in-interest2011-08-31No
Assets. Other investments not covered elsewhere at end of year2011-08-31$49,397
Assets. Other investments not covered elsewhere at beginning of year2011-08-31$46,524
Other income not declared elsewhere2011-08-31$1,008
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-08-31No
Value of net income/loss2011-08-31$1,245,506
Value of net assets at end of year (total assets less liabilities)2011-08-31$10,682,095
Value of net assets at beginning of year (total assets less liabilities)2011-08-31$9,436,589
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-08-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-08-31No
Were any leases to which the plan was party in default or uncollectible2011-08-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-08-31$5,922,336
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-08-31$5,071,577
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-08-31$286,727
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-08-31$119,827
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-08-31$119,827
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-08-31$31
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-08-31No
Was there a failure to transmit to the plan any participant contributions2011-08-31No
Has the plan failed to provide any benefit when due under the plan2011-08-31No
Contributions received in cash from employer2011-08-31$225,000
Employer contributions (assets) at end of year2011-08-31$225,000
Employer contributions (assets) at beginning of year2011-08-31$230,000
Income. Dividends from common stock2011-08-31$76,010
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-08-31$139,169
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-08-31No
Assets. Corporate common stocks other than exployer securities at end of year2011-08-31$4,198,635
Assets. Corporate common stocks other than exployer securities at beginning of year2011-08-31$3,968,661
Did the plan have assets held for investment2011-08-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-08-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-08-31No
Aggregate carrying amount (costs) on sale of assets2011-08-31$2,869
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-08-31Yes
Opinion of an independent qualified public accountant for this plan2011-08-31Disclaimer
Accountancy firm name2011-08-31KRING RAY FARLEY & RIDDLE PSC
Accountancy firm EIN2011-08-31611015031

Form 5500 Responses for W. T. YOUNG, LLC RETIREMENT PLAN

2012: W. T. YOUNG, LLC RETIREMENT PLAN 2012 form 5500 responses
2012-09-01Type of plan entitySingle employer plan
2012-09-01Plan funding arrangement – InsuranceYes
2012-09-01Plan funding arrangement – TrustYes
2012-09-01Plan benefit arrangement – InsuranceYes
2012-09-01Plan benefit arrangement - TrustYes
2011: W. T. YOUNG, LLC RETIREMENT PLAN 2011 form 5500 responses
2011-09-01Type of plan entitySingle employer plan
2011-09-01Plan funding arrangement – InsuranceYes
2011-09-01Plan funding arrangement – TrustYes
2011-09-01Plan benefit arrangement – InsuranceYes
2011-09-01Plan benefit arrangement - TrustYes
2010: W. T. YOUNG, LLC RETIREMENT PLAN 2010 form 5500 responses
2010-09-01Type of plan entitySingle employer plan
2010-09-01Plan funding arrangement – InsuranceYes
2010-09-01Plan funding arrangement – TrustYes
2010-09-01Plan benefit arrangement – InsuranceYes
2010-09-01Plan benefit arrangement - TrustYes
2009: W. T. YOUNG, LLC RETIREMENT PLAN 2009 form 5500 responses
2009-09-01Type of plan entitySingle employer plan
2009-09-01This submission is the final filingNo
2009-09-01Plan funding arrangement – InsuranceYes
2009-09-01Plan funding arrangement – TrustYes
2009-09-01Plan benefit arrangement – InsuranceYes
2009-09-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

C.M. LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 93432 )
Policy contract number70993690
Policy instance 1
Insurance contract or identification number70993690
Number of Individuals Covered1
Insurance policy start date2012-09-01
Insurance policy end date2013-08-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MONY LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 66370 )
Policy contract number13524346
Policy instance 2
Insurance contract or identification number13524346
Number of Individuals Covered1
Insurance policy start date2012-09-01
Insurance policy end date2013-08-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
C.M. LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 93432 )
Policy contract number70993690
Policy instance 1
Insurance contract or identification number70993690
Number of Individuals Covered1
Insurance policy start date2011-09-01
Insurance policy end date2012-08-31
Total amount of commissions paid to insurance brokerUSD $1
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MONY LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 66370 )
Policy contract number13524346
Policy instance 2
Insurance contract or identification number13524346
Number of Individuals Covered1
Insurance policy start date2011-09-01
Insurance policy end date2012-08-31
Total amount of commissions paid to insurance brokerUSD $14
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
C.M. LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 93432 )
Policy contract number70993690
Policy instance 1
Insurance contract or identification number70993690
Insurance policy start date2010-09-01
Insurance policy end date2011-08-31
Total amount of commissions paid to insurance brokerUSD $3
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: )
Policy contract number13524346
Policy instance 2
Insurance contract or identification number13524346
Insurance policy start date2010-09-01
Insurance policy end date2011-08-31
Total amount of commissions paid to insurance brokerUSD $14
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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