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SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 401k Plan overview

Plan NameSCOTCH LUMBER COMPANY PROFIT SHARING PLAN
Plan identification number 001

SCOTCH LUMBER COMPANY PROFIT SHARING 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

SCOTCH PLYWOOD COMPANY OF MISSISSIPPI has sponsored the creation of one or more 401k plans.

Company Name:SCOTCH PLYWOOD COMPANY OF MISSISSIPPI
Employer identification number (EIN):640470465
NAIC Classification:321210

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCOTCH LUMBER COMPANY PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01AMY K. HORTON
0012009-01-01BILL SCARBROUGH

Financial Data on SCOTCH LUMBER COMPANY PROFIT SHARING PLAN

Measure Date Value
2011 : SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-144,348
Total unrealized appreciation/depreciation of assets2011-12-31$-144,348
Total transfer of assets from this plan2011-12-31$10,811,297
Total income from all sources (including contributions)2011-12-31$487,998
Total of all expenses incurred2011-12-31$642,635
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$628,769
Expenses. Certain deemed distributions of participant loans2011-12-31$9,907
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$520,699
Value of total assets at end of year2011-12-31$0
Value of total assets at beginning of year2011-12-31$10,965,934
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$3,959
Total interest from all sources2011-12-31$111,155
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31No
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$356,806
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$715,692
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$84,328
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-154,637
Value of net assets at end of year (total assets less liabilities)2011-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$10,965,934
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 pooled separate accounts at end of year2011-12-31$0
Value of interest in pooled separate accounts at beginning of year2011-12-31$5,450,736
Interest on participant loans2011-12-31$28,636
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$2,714
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$2,714
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$82,519
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$4,693,858
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$492
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
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$79,565
Employer contributions (assets) at beginning of year2011-12-31$102,934
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$628,769
Contract administrator fees2011-12-31$3,959
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
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 PBGC2011-12-31Yes
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 name2011-12-31LANIGAN & ASSOCIATES, PC
Accountancy firm EIN2011-12-31581304721
2010 : SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$534,920
Total unrealized appreciation/depreciation of assets2010-12-31$534,920
Total income from all sources (including contributions)2010-12-31$1,415,472
Total of all expenses incurred2010-12-31$427,631
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$404,071
Expenses. Certain deemed distributions of participant loans2010-12-31$19,771
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$731,140
Value of total assets at end of year2010-12-31$10,965,934
Value of total assets at beginning of year2010-12-31$9,978,093
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$3,789
Total interest from all sources2010-12-31$147,864
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
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$379,748
Participant contributions at end of year2010-12-31$715,692
Participant contributions at beginning of year2010-12-31$656,105
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$9,099
Total non interest bearing cash at beginning of year2010-12-31$6,348
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$987,841
Value of net assets at end of year (total assets less liabilities)2010-12-31$10,965,934
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$9,978,093
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 pooled separate accounts at end of year2010-12-31$5,450,736
Value of interest in pooled separate accounts at beginning of year2010-12-31$4,713,963
Interest on participant loans2010-12-31$33,466
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$2,714
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$114,398
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$4,693,858
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$4,601,677
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,548
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
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
Contributions received in cash from employer2010-12-31$342,293
Employer contributions (assets) at end of year2010-12-31$102,934
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$404,071
Contract administrator fees2010-12-31$3,789
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
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 name2010-12-31LANIGAN & ASSOCIATES, PC
Accountancy firm EIN2010-12-31581304721

Form 5500 Responses for SCOTCH LUMBER COMPANY PROFIT SHARING PLAN

2011: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01This submission is the final filingYes
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SCOTCH LUMBER COMPANY PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

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