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LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameLIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN
Plan identification number 001

LIMCO-PIEDMONT, INC. 401(K) RETIREMENT 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

LIMCO PIEDMONT, INC. has sponsored the creation of one or more 401k plans.

Company Name:LIMCO PIEDMONT, INC.
Employer identification number (EIN):731482982
NAIC Classification:811310
NAIC Description:Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01MARY DOWDY
0012014-01-01MARY DOWDY
0012014-01-01MARY DOWDY
0012013-01-01MARY DOWDY
0012012-01-01MARY DOWDY
0012011-01-01MARY DOWDY
0012008-01-01MARY DOWDY

Plan Statistics for LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2015: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01329
Total number of active participants reported on line 7a of the Form 55002015-01-01304
Number of retired or separated participants receiving benefits2015-01-015
Number of other retired or separated participants entitled to future benefits2015-01-0142
Total of all active and inactive participants2015-01-01351
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01351
Number of participants with account balances2015-01-01254
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-019
2014: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01299
Total number of active participants reported on line 7a of the Form 55002014-01-01279
Number of retired or separated participants receiving benefits2014-01-014
Number of other retired or separated participants entitled to future benefits2014-01-0144
Total of all active and inactive participants2014-01-01327
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01327
Number of participants with account balances2014-01-01218
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-016
2013: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01251
Total number of active participants reported on line 7a of the Form 55002013-01-01279
Number of retired or separated participants receiving benefits2013-01-0130
Number of other retired or separated participants entitled to future benefits2013-01-0138
Total of all active and inactive participants2013-01-01347
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01347
Number of participants with account balances2013-01-01199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0119
2012: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01317
Total number of active participants reported on line 7a of the Form 55002012-01-01251
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-01251
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01251
Number of participants with account balances2012-01-01150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0112
2011: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01272
Total number of active participants reported on line 7a of the Form 55002011-01-01254
Number of retired or separated participants receiving benefits2011-01-017
Number of other retired or separated participants entitled to future benefits2011-01-0154
Total of all active and inactive participants2011-01-01315
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01315
Number of participants with account balances2011-01-01184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-016
2008: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2008 401k membership
Total participants, beginning-of-year2008-01-01277
Total number of active participants reported on line 7a of the Form 55002008-01-01274
Number of retired or separated participants receiving benefits2008-01-0119
Number of other retired or separated participants entitled to future benefits2008-01-0132
Total of all active and inactive participants2008-01-01325
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-01-010
Total participants2008-01-01325
Number of participants with account balances2008-01-01175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-013

Financial Data on LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2015 : LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$757,042
Total of all expenses incurred2015-12-31$610,264
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$589,146
Expenses. Certain deemed distributions of participant loans2015-12-31$999
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$792,366
Value of total assets at end of year2015-12-31$7,517,430
Value of total assets at beginning of year2015-12-31$7,370,652
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$20,119
Total interest from all sources2015-12-31$15,246
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$450,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$525,449
Participant contributions at end of year2015-12-31$298,288
Participant contributions at beginning of year2015-12-31$295,187
Participant contributions at beginning of year2015-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$0
Administrative expenses (other) incurred2015-12-31$20,119
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$146,778
Value of net assets at end of year (total assets less liabilities)2015-12-31$7,517,430
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$7,370,652
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$7,219,142
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$7,075,465
Interest on participant loans2015-12-31$15,246
Income. Interest from loans (other than to participants)2015-12-31$0
Income. Interest from US Government securities2015-12-31$0
Income. Interest from corporate debt instruments2015-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-50,570
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$266,917
Employer contributions (assets) at beginning of year2015-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$589,146
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31KEVIN DUKE CPA
Accountancy firm EIN2015-12-31731459596
2014 : LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$1,031,409
Total of all expenses incurred2014-12-31$256,559
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$253,535
Expenses. Certain deemed distributions of participant loans2014-12-31$3,024
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$720,589
Value of total assets at end of year2014-12-31$7,370,652
Value of total assets at beginning of year2014-12-31$6,595,802
Total interest from all sources2014-12-31$11,976
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$0
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$450,000
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$459,604
Participant contributions at end of year2014-12-31$295,187
Participant contributions at beginning of year2014-12-31$195,642
Participant contributions at end of year2014-12-31$0
Participant contributions at beginning of year2014-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$12,791
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$0
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$774,850
Value of net assets at end of year (total assets less liabilities)2014-12-31$7,370,652
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$6,595,802
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$7,075,465
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$6,400,160
Interest on participant loans2014-12-31$11,976
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2014-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$298,844
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$248,194
Employer contributions (assets) at end of year2014-12-31$0
Employer contributions (assets) at beginning of year2014-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$253,535
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 name2014-12-31KEVIN DUKE CPA
Accountancy firm EIN2014-12-31731459596
2013 : LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$1,727,730
Total of all expenses incurred2013-12-31$407,551
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$405,357
Expenses. Certain deemed distributions of participant loans2013-12-31$2,194
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$722,764
Value of total assets at end of year2013-12-31$6,595,802
Value of total assets at beginning of year2013-12-31$5,275,623
Total interest from all sources2013-12-31$6,522
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$450,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$434,338
Participant contributions at end of year2013-12-31$195,642
Participant contributions at beginning of year2013-12-31$129,648
Participant contributions at end of year2013-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$51,446
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$1,320,179
Value of net assets at end of year (total assets less liabilities)2013-12-31$6,595,802
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$5,275,623
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$6,400,160
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$5,133,712
Interest on participant loans2013-12-31$6,522
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$12,263
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$12,263
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$998,444
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$236,980
Employer contributions (assets) at end of year2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$405,357
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31KEVIN DUKE CPA
Accountancy firm EIN2013-12-31731459596
2012 : LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$1,196,573
Total of all expenses incurred2012-12-31$681,516
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$675,316
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$610,953
Value of total assets at end of year2012-12-31$5,275,623
Value of total assets at beginning of year2012-12-31$4,760,566
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$6,200
Total interest from all sources2012-12-31$5,898
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$6,200
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$450,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$378,832
Participant contributions at end of year2012-12-31$129,648
Participant contributions at beginning of year2012-12-31$108,097
Participant contributions at beginning of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$515,057
Value of net assets at end of year (total assets less liabilities)2012-12-31$5,275,623
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$4,760,566
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$5,133,712
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$4,360,897
Interest on participant loans2012-12-31$6,068
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$12,263
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$291,572
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$291,572
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$-170
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$579,722
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$232,121
Employer contributions (assets) at beginning of year2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$675,316
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31KEVIN DUKE CPA
Accountancy firm EIN2012-12-31731459596
2011 : LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$465,670
Total of all expenses incurred2011-12-31$298,421
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$288,821
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$577,866
Value of total assets at end of year2011-12-31$4,760,566
Value of total assets at beginning of year2011-12-31$4,593,317
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$9,600
Total interest from all sources2011-12-31$-112,196
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$9,600
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$450,000
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$381,874
Participant contributions at end of year2011-12-31$108,097
Participant contributions at beginning of year2011-12-31$85,883
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$364
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
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$167,249
Value of net assets at end of year (total assets less liabilities)2011-12-31$4,760,566
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$4,593,317
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$4,360,897
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$4,044,448
Interest on participant loans2011-12-31$5,756
Interest earned on other investments2011-12-31$-117,748
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$291,572
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$462,367
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$462,367
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$-204
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$195,992
Employer contributions (assets) at end of year2011-12-31$0
Employer contributions (assets) at beginning of year2011-12-31$255
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$288,821
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
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 name2011-12-31KEVIN C. DUKE, CPA
Accountancy firm EIN2011-12-31731459596
2010 : LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$928,857
Total of all expenses incurred2010-12-31$789,173
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$789,173
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$500,074
Value of total assets at end of year2010-12-31$4,593,317
Value of total assets at beginning of year2010-12-31$4,453,633
Total interest from all sources2010-12-31$4,799
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$307,694
Participant contributions at end of year2010-12-31$85,883
Participant contributions at beginning of year2010-12-31$89,614
Participant contributions at end of year2010-12-31$364
Participant contributions at beginning of year2010-12-31$2,841
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$34,134
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$467
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$139,684
Value of net assets at end of year (total assets less liabilities)2010-12-31$4,593,317
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$4,453,633
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$4,044,448
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$3,964,634
Interest on participant loans2010-12-31$4,503
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$462,367
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$394,726
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$394,726
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$296
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$423,984
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 contributions2010-12-31Yes
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$158,246
Employer contributions (assets) at end of year2010-12-31$255
Employer contributions (assets) at beginning of year2010-12-31$1,351
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$789,173
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 name2010-12-31KEVEN C. DUKE, PC
Accountancy firm EIN2010-12-31731459596
2008 : LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2008 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2008-12-31$14,254
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2008-12-31$16,818
Total income from all sources (including contributions)2008-12-31$-742,617
Total of all expenses incurred2008-12-31$190,452
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2008-12-31$176,198
Value of total corrective distributions2008-12-31$14,254
Total contributions o plan (from employers,participants, others, non cash contrinutions)2008-12-31$646,206
Value of total assets at end of year2008-12-31$3,574,658
Value of total assets at beginning of year2008-12-31$4,510,291
Total interest from all sources2008-12-31$7,136
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2008-12-31No
Was this plan covered by a fidelity bond2008-12-31Yes
Value of fidelity bond cover2008-12-31$500,000
If this is an individual account plan, was there a blackout period2008-12-31No
Were there any nonexempt tranactions with any party-in-interest2008-12-31No
Contributions received from participants2008-12-31$449,408
Participant contributions at end of year2008-12-31$74,971
Participant contributions at beginning of year2008-12-31$62,051
Participant contributions at end of year2008-12-31$2,841
Participant contributions at beginning of year2008-12-31$15,811
Value of other receiveables (less allowance for doubtful accounts) at end of year2008-12-31$274
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2008-12-31$14,254
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2008-12-31$16,818
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2008-12-31No
Value of net income/loss2008-12-31$-933,069
Value of net assets at end of year (total assets less liabilities)2008-12-31$3,560,404
Value of net assets at beginning of year (total assets less liabilities)2008-12-31$4,493,473
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2008-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2008-12-31No
Were any leases to which the plan was party in default or uncollectible2008-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2008-12-31$3,262,680
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2008-12-31$4,245,308
Interest on participant loans2008-12-31$4,721
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2008-12-31$232,542
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2008-12-31$180,671
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2008-12-31$180,671
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2008-12-31$2,415
Net investment gain/loss from registered investment companies (e.g. mutual funds)2008-12-31$-1,395,959
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2008-12-31No
Was there a failure to transmit to the plan any participant contributions2008-12-31No
Has the plan failed to provide any benefit when due under the plan2008-12-31No
Contributions received in cash from employer2008-12-31$196,798
Employer contributions (assets) at end of year2008-12-31$1,350
Employer contributions (assets) at beginning of year2008-12-31$6,450
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2008-12-31$176,198
Did the plan have assets held for investment2008-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2008-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2008-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2008-12-31Yes
Opinion of an independent qualified public accountant for this plan2008-12-31Disclaimer
Accountancy firm name2008-12-31KEVIN C. DUKE, PC
Accountancy firm EIN2008-12-31731459596

Form 5500 Responses for LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN

2015: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedYes
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2008: LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedYes
2008-01-01Plan funding arrangement – InsuranceYes
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

LIMCO-PIEDMONT, INC. (National Association of Insurance Commissioners NAIC id number: 81131 )
Policy contract number
Policy instance 1
Number of Individuals Covered223
Total amount of commissions paid to insurance brokerUSD $36,550
Total amount of fees paid to insurance companyUSD $6,138
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $36,550
Additional information about fees paid to insurance brokerSALES REPRESENTATION
Insurance broker organization code?4
Amount paid for insurance broker fees6138
Insurance broker namePENSION SOLUTIONS, INC.
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAPB0MC92
Policy instance 1
Insurance contract or identification numberGAPB0MC92
Number of Individuals Covered159
Total amount of commissions paid to insurance brokerUSD $1,457
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,457
Additional information about fees paid to insurance brokerINVESTMENT REPRESENTATIVE COMMISSION
Insurance broker organization code?3
Amount paid for insurance broker fees0
Insurance broker namePENSION SOLUTIONS, INC.
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAPB0MC92
Policy instance 1
Insurance contract or identification numberGAPB0MC92
Number of Individuals Covered254
Total amount of commissions paid to insurance brokerUSD $1,247
Total amount of fees paid to insurance companyUSD $831
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 numberGAP B0 MC92
Policy instance 1
Insurance contract or identification numberGAP B0 MC92
Number of Individuals Covered84
Total amount of commissions paid to insurance brokerUSD $2,838
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $2,838
Additional information about fees paid to insurance brokerCOMMISSION
Insurance broker organization code?3
Insurance broker nameT. S. PHILLIPS INVESTMENTS

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