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SUMMER CLASSICS, INC. 401(K) PLAN 401k Plan overview

Plan NameSUMMER CLASSICS, INC. 401(K) PLAN
Plan identification number 001

SUMMER CLASSICS, INC. 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.

401k Sponsoring company profile

SUMMER CLASSICS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SUMMER CLASSICS, INC.
Employer identification number (EIN):630777315
NAIC Classification:423200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUMMER CLASSICS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-01-01
0012013-01-01MELODY MCGINNIS
0012012-01-01MELODY MCGINNIS
0012011-01-01ANN EDWRDS
0012010-01-01ANN C EDWARDS
0012009-01-01ANN EDWARDS

Plan Statistics for SUMMER CLASSICS, INC. 401(K) PLAN

401k plan membership statisitcs for SUMMER CLASSICS, INC. 401(K) PLAN

Measure Date Value
2014: SUMMER CLASSICS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01169
Total number of active participants reported on line 7a of the Form 55002014-01-01242
Number of other retired or separated participants entitled to future benefits2014-01-0113
Total of all active and inactive participants2014-01-01255
Total participants2014-01-01255
Number of participants with account balances2014-01-0182
2013: SUMMER CLASSICS, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0186
Total number of active participants reported on line 7a of the Form 55002013-01-0143
Number of retired or separated participants receiving benefits2013-01-017
Total of all active and inactive participants2013-01-0150
Total participants2013-01-0150
Number of participants with account balances2013-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: SUMMER CLASSICS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0183
Total number of active participants reported on line 7a of the Form 55002012-01-0171
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0115
Total of all active and inactive participants2012-01-0186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0186
Number of participants with account balances2012-01-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: SUMMER CLASSICS, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01101
Total number of active participants reported on line 7a of the Form 55002011-01-0169
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0114
Total of all active and inactive participants2011-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0183
Number of participants with account balances2011-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
2010: SUMMER CLASSICS, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01116
Total number of active participants reported on line 7a of the Form 55002010-01-0188
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0113
Total of all active and inactive participants2010-01-01101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01101
Number of participants with account balances2010-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-012
2009: SUMMER CLASSICS, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01121
Total number of active participants reported on line 7a of the Form 55002009-01-01102
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0114
Total of all active and inactive participants2009-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01116
Number of participants with account balances2009-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on SUMMER CLASSICS, INC. 401(K) PLAN

Measure Date Value
2014 : SUMMER CLASSICS, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$551,566
Total of all expenses incurred2014-12-31$175,435
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$56,516
Value of total corrective distributions2014-12-31$118,316
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$385,373
Value of total assets at end of year2014-12-31$2,362,912
Value of total assets at beginning of year2014-12-31$1,986,781
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$603
Total interest from all sources2014-12-31$59
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$237,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$222,483
Participant contributions at end of year2014-12-31$7,855
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$77,407
Total non interest bearing cash at end of year2014-12-31$1,424
Total non interest bearing cash at beginning of year2014-12-31$15,112
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$376,131
Value of net assets at end of year (total assets less liabilities)2014-12-31$2,362,912
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,986,781
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
Investment advisory and management fees2014-12-31$603
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$2,351,233
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,971,669
Interest earned on other investments2014-12-31$59
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$166,134
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$85,483
Employer contributions (assets) at end of year2014-12-31$2,400
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$56,516
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31No
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 name2014-12-31WARREN AVERETT, LLC
Accountancy firm EIN2014-12-31454084437
2013 : SUMMER CLASSICS, INC. 401(K) PLAN 2013 401k financial data
Total income from all sources2013-12-31$576,872
Expenses. Total of all expenses incurred2013-12-31$159,013
Benefits paid (including direct rollovers)2013-12-31$158,409
Total plan assets at end of year2013-12-31$1,986,781
Total plan assets at beginning of year2013-12-31$1,568,922
Value of fidelity bond covering the plan2013-12-31$199,000
Total contributions received or receivable from participants2013-12-31$181,004
Other income received2013-12-31$337,289
Net income (gross income less expenses)2013-12-31$417,859
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,986,781
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,568,922
Total contributions received or receivable from employer(s)2013-12-31$58,579
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$604
2012 : SUMMER CLASSICS, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$386,288
Expenses. Total of all expenses incurred2012-12-31$159,201
Benefits paid (including direct rollovers)2012-12-31$152,685
Total plan assets at end of year2012-12-31$1,568,922
Total plan assets at beginning of year2012-12-31$1,341,835
Value of fidelity bond covering the plan2012-12-31$100,000
Total contributions received or receivable from participants2012-12-31$142,833
Expenses. Other expenses not covered elsewhere2012-12-31$6,516
Other income received2012-12-31$199,006
Net income (gross income less expenses)2012-12-31$227,087
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,568,922
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,341,835
Total contributions received or receivable from employer(s)2012-12-31$44,449
2011 : SUMMER CLASSICS, INC. 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$88,252
Total loss/gain on sale of assets2011-12-31$28,136
Total of all expenses incurred2011-12-31$65,068
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$48,202
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$10,587
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$121,383
Value of total assets at end of year2011-12-31$1,341,835
Value of total assets at beginning of year2011-12-31$1,318,651
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$6,279
Total interest from all sources2011-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$19,880
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$19,880
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$100,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$121,383
Participant contributions at end of year2011-12-31$2,868
Administrative expenses (other) incurred2011-12-31$6,279
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$23,184
Value of net assets at end of year (total assets less liabilities)2011-12-31$1,341,835
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,318,651
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$1,128,090
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,105,480
Interest on participant loans2011-12-31$0
Value of interest in common/collective trusts at end of year2011-12-31$210,877
Value of interest in common/collective trusts at beginning of year2011-12-31$213,171
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-82,455
Net investment gain or loss from common/collective trusts2011-12-31$1,308
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$48,202
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$114,493
Aggregate carrying amount (costs) on sale of assets2011-12-31$86,357
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31WARREN AVERETT LLC
Accountancy firm EIN2011-12-31454084437
2010 : SUMMER CLASSICS, INC. 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$251,924
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$81,473
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$48,670
Value of total corrective distributions2010-12-31$26,688
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$108,620
Value of total assets at end of year2010-12-31$1,318,651
Value of total assets at beginning of year2010-12-31$1,148,200
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$6,115
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$17,589
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$17,589
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$100,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$108,620
Participant contributions at beginning of year2010-12-31$4,564
Administrative expenses (other) incurred2010-12-31$6,115
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$170,451
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,318,651
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,148,200
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,105,480
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$960,791
Value of interest in common/collective trusts at end of year2010-12-31$213,171
Value of interest in common/collective trusts at beginning of year2010-12-31$182,845
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$97,468
Net investment gain or loss from common/collective trusts2010-12-31$28,247
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$48,670
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31WARREN, AVERETT, KIMBROUGH & MARION
Accountancy firm EIN2010-12-31631239864

Form 5500 Responses for SUMMER CLASSICS, INC. 401(K) PLAN

2014: SUMMER CLASSICS, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SUMMER CLASSICS, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SUMMER CLASSICS, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SUMMER CLASSICS, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: SUMMER CLASSICS, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SUMMER CLASSICS, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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