401k Plan data: PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN plan

PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN
Plan identification number	001

PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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

PARKS MANUFACTURING, INC. has sponsored the creation of one or more 401k plans.

Company Name: PARKS MANUFACTURING, INC.

Employer identification number (EIN): 731410055

NAIC Classification: 336610

Additional information about PARKS MANUFACTURING, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 2000-01-03

Company Identification Number: 0013032706

More information about PARKS MANUFACTURING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 KRISTA NEWCOMB 2018-10-09 KRISTA NEWCOMB 2018-10-09
001 2016-01-01 ELIZABETH R PARKS 2017-10-16 ELIZABETH R PARKS 2017-10-16
001 2015-01-01 ELIZABETH R PARKS 2017-10-16 ELIZABETH R PARKS 2017-10-16
001 2014-01-01 BETH PARKS 2015-10-13 BETH PARKS 2015-10-13
001 2013-01-01 PAMELA PARKS 2015-09-08 PAMELA PARKS 2015-09-08
001 2012-01-01 PAMELA S. PARKS
001 2011-01-01 PAMELA S. PARKS
001 2010-01-01 PAMELA S. PARKS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2017-01-01	KRISTA NEWCOMB	2018-10-09	KRISTA NEWCOMB	2018-10-09
001	2016-01-01	ELIZABETH R PARKS	2017-10-16	ELIZABETH R PARKS	2017-10-16
001	2015-01-01	ELIZABETH R PARKS	2017-10-16	ELIZABETH R PARKS	2017-10-16
001	2014-01-01	BETH PARKS	2015-10-13	BETH PARKS	2015-10-13
001	2013-01-01	PAMELA PARKS	2015-09-08	PAMELA PARKS	2015-09-08
001	2012-01-01	PAMELA S. PARKS
001	2011-01-01	PAMELA S. PARKS
001	2010-01-01	PAMELA S. PARKS

Plan Statistics for PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2012: PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 38
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 43
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 6
Total of all active and inactive participants 2012-01-01 49
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 49
Number of participants with account balances 2012-01-01 48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 2
2011: PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 26
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 5
Total of all active and inactive participants 2011-01-01 31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 31
Number of participants with account balances 2011-01-01 30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 6
2010: PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 26
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 31
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 1
Total of all active and inactive participants 2010-01-01 32
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 32
Number of participants with account balances 2010-01-01 20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0

Measure	Date	Value
2012: PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	38
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	43
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	6
Total of all active and inactive participants	2012-01-01	49
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	49
Number of participants with account balances	2012-01-01	48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	2
2011: PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	26
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	5
Total of all active and inactive participants	2011-01-01	31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	31
Number of participants with account balances	2011-01-01	30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	6
2010: PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	26
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	31
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	1
Total of all active and inactive participants	2010-01-01	32
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	32
Number of participants with account balances	2010-01-01	20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0

Financial Data on PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2012 : PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2012 401k financial data
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	$144,928
Expenses. Total of all expenses incurred	2012-12-31	$13,510
Benefits paid (including direct rollovers)	2012-12-31	$13,510
Total plan assets at end of year	2012-12-31	$699,836
Total plan assets at beginning of year	2012-12-31	$568,418
Total contributions received or receivable from participants	2012-12-31	$43,582
Other income received	2012-12-31	$49,170
Net income (gross income less expenses)	2012-12-31	$131,418
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$699,836
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$568,418
Assets. Value of participant loans	2012-12-31	$96,702
Total contributions received or receivable from employer(s)	2012-12-31	$52,176
2011 : PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at end of year	2011-12-31	$0
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$82,951
Expenses. Total of all expenses incurred	2011-12-31	$53,313
Benefits paid (including direct rollovers)	2011-12-31	$53,313
Total plan assets at end of year	2011-12-31	$568,418
Total plan assets at beginning of year	2011-12-31	$538,780
Total contributions received or receivable from participants	2011-12-31	$40,984
Other income received	2011-12-31	$2,145
Net income (gross income less expenses)	2011-12-31	$29,638
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$568,418
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$538,780
Assets. Value of participant loans	2011-12-31	$108,716
Total contributions received or receivable from employer(s)	2011-12-31	$39,822
2010 : PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$77,189
Expenses. Total of all expenses incurred	2010-12-31	$32,047
Benefits paid (including direct rollovers)	2010-12-31	$32,047
Total plan assets at end of year	2010-12-31	$538,780
Total plan assets at beginning of year	2010-12-31	$493,638
Value of fidelity bond covering the plan	2010-12-31	$2,000
Total contributions received or receivable from participants	2010-12-31	$37,940
Other income received	2010-12-31	$6,705
Net income (gross income less expenses)	2010-12-31	$45,142
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$538,780
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$493,638
Assets. Value of participant loans	2010-12-31	$135,432
Total contributions received or receivable from employer(s)	2010-12-31	$32,544
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN

2012: PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: PARKS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	Yes
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

871-00528

Policy instance

Insurance contract or identification number	871-00528
Number of Individuals Covered	48
Insurance policy start date	2012-01-01
Insurance policy end date	2012-12-31
Total amount of commissions paid to insurance broker	USD $4,239
Total amount of fees paid to insurance company	USD $760
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $4,239
Insurance broker organization code?	3
Amount paid for insurance broker fees	760
Additional information about fees paid to insurance broker	ADMINISTRATIVE COMPENSATION
Insurance broker name	PENSION SOLUTIONS, INC.

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

871-00528

Policy instance

Insurance contract or identification number	871-00528
Number of Individuals Covered	31
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Total amount of commissions paid to insurance broker	USD $3,436
Total amount of fees paid to insurance company	USD $559
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

GAP-54-N876

Policy instance

Insurance contract or identification number	GAP-54-N876
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $1,912
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

GAP-52-N875

Policy instance

Insurance contract or identification number	GAP-52-N875
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $1,050
Total amount of fees paid to insurance company	USD $716
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes

Potentially related plans

PARKS MANUFACTURING, LLC 401(K) PROFIT SHARING PLAN [EIN = 821508300]

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Company Name:	PARKS MANUFACTURING, INC.
Employer identification number (EIN):	731410055
NAIC Classification:	336610

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	2000-01-03
Company Identification Number:	0013032706