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SGT. GRIT SAVINGS INCENTIVE PLAN 401k Plan overview

Plan NameSGT. GRIT SAVINGS INCENTIVE PLAN
Plan identification number 001

SGT. GRIT SAVINGS INCENTIVE 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

SGT. GRIT, INC. has sponsored the creation of one or more 401k plans.

Company Name:SGT. GRIT, INC.
Employer identification number (EIN):731602291
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SGT. GRIT SAVINGS INCENTIVE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01SHEILA CARDWELL
0012015-01-01SHEILA CARDWELL
0012014-01-01SHEILA CARDWELL
0012013-01-01SHEILA CARDWELL
0012012-01-01SHEILA CARDWELL
0012011-01-01SHEILA CARDWELL
0012010-01-01SHIRLEY J. LAIRD
0012009-01-01SHIRLEY J. LAIRD

Plan Statistics for SGT. GRIT SAVINGS INCENTIVE PLAN

401k plan membership statisitcs for SGT. GRIT SAVINGS INCENTIVE PLAN

Measure Date Value
2016: SGT. GRIT SAVINGS INCENTIVE PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0130
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: SGT. GRIT SAVINGS INCENTIVE PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0127
Total number of active participants reported on line 7a of the Form 55002015-01-0124
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-013
Total of all active and inactive participants2015-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0127
Number of participants with account balances2015-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012
2014: SGT. GRIT SAVINGS INCENTIVE PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0132
Total number of active participants reported on line 7a of the Form 55002014-01-0125
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-012
Total of all active and inactive participants2014-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0127
Number of participants with account balances2014-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-011
2013: SGT. GRIT SAVINGS INCENTIVE PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0126
Total number of active participants reported on line 7a of the Form 55002013-01-0124
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0126
Number of participants with account balances2013-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: SGT. GRIT SAVINGS INCENTIVE PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0131
Total number of active participants reported on line 7a of the Form 55002012-01-0127
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 participants2012-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0127
Number of participants with account balances2012-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-014
2011: SGT. GRIT SAVINGS INCENTIVE PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0128
Total number of active participants reported on line 7a of the Form 55002011-01-0127
Number of retired or separated participants receiving benefits2011-01-012
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0129
Number of participants with account balances2011-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-014
2010: SGT. GRIT SAVINGS INCENTIVE PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0130
Total number of active participants reported on line 7a of the Form 55002010-01-0124
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0124
Number of participants with account balances2010-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: SGT. GRIT SAVINGS INCENTIVE PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0123
Total number of active participants reported on line 7a of the Form 55002009-01-0120
Number of retired or separated participants receiving benefits2009-01-011
Number of other retired or separated participants entitled to future benefits2009-01-016
Total of all active and inactive participants2009-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0127
Number of participants with account balances2009-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on SGT. GRIT SAVINGS INCENTIVE PLAN

Measure Date Value
2016 : SGT. GRIT SAVINGS INCENTIVE PLAN 2016 401k financial data
Total plan liabilities at end of year2016-08-31$0
Total plan liabilities at beginning of year2016-08-31$0
Total income from all sources2016-08-31$17,844
Expenses. Total of all expenses incurred2016-08-31$538,477
Benefits paid (including direct rollovers)2016-08-31$538,477
Total plan assets at end of year2016-08-31$0
Total plan assets at beginning of year2016-08-31$520,633
Value of fidelity bond covering the plan2016-08-31$100,000
Total contributions received or receivable from participants2016-08-31$6,871
Other income received2016-08-31$5,878
Net income (gross income less expenses)2016-08-31$-520,633
Net plan assets at end of year (total assets less liabilities)2016-08-31$0
Net plan assets at beginning of year (total assets less liabilities)2016-08-31$520,633
Total contributions received or receivable from employer(s)2016-08-31$5,095
2015 : SGT. GRIT SAVINGS INCENTIVE PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$61,245
Expenses. Total of all expenses incurred2015-12-31$30,039
Benefits paid (including direct rollovers)2015-12-31$30,039
Total plan assets at end of year2015-12-31$520,633
Total plan assets at beginning of year2015-12-31$489,427
Value of fidelity bond covering the plan2015-12-31$100,000
Total contributions received or receivable from participants2015-12-31$41,005
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-9,992
Net income (gross income less expenses)2015-12-31$31,206
Net plan assets at end of year (total assets less liabilities)2015-12-31$520,633
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$489,427
Assets. Value of participant loans2015-12-31$0
Total contributions received or receivable from employer(s)2015-12-31$30,232
Value of certain deemed distributions of participant loans2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
2014 : SGT. GRIT SAVINGS INCENTIVE PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$77,447
Expenses. Total of all expenses incurred2014-12-31$1,768
Benefits paid (including direct rollovers)2014-12-31$1,768
Total plan assets at end of year2014-12-31$489,427
Total plan assets at beginning of year2014-12-31$413,748
Value of fidelity bond covering the plan2014-12-31$10,000
Total contributions received or receivable from participants2014-12-31$37,966
Other income received2014-12-31$11,529
Net income (gross income less expenses)2014-12-31$75,679
Net plan assets at end of year (total assets less liabilities)2014-12-31$489,427
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$413,748
Total contributions received or receivable from employer(s)2014-12-31$27,952
2013 : SGT. GRIT SAVINGS INCENTIVE PLAN 2013 401k financial data
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$102,441
Expenses. Total of all expenses incurred2013-12-31$2,361
Benefits paid (including direct rollovers)2013-12-31$2,361
Total plan assets at end of year2013-12-31$413,748
Total plan assets at beginning of year2013-12-31$313,668
Value of fidelity bond covering the plan2013-12-31$10,000
Total contributions received or receivable from participants2013-12-31$31,764
Contributions received from other sources (not participants or employers)2013-12-31$13,378
Other income received2013-12-31$33,583
Net income (gross income less expenses)2013-12-31$100,080
Net plan assets at end of year (total assets less liabilities)2013-12-31$413,748
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$313,668
Total contributions received or receivable from employer(s)2013-12-31$23,716
Value of certain deemed distributions of participant loans2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
2012 : SGT. GRIT SAVINGS INCENTIVE PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$82,795
Expenses. Total of all expenses incurred2012-12-31$31,946
Benefits paid (including direct rollovers)2012-12-31$31,946
Total plan assets at end of year2012-12-31$313,668
Total plan assets at beginning of year2012-12-31$262,819
Value of fidelity bond covering the plan2012-12-31$10,000
Total contributions received or receivable from participants2012-12-31$30,830
Other income received2012-12-31$34,784
Net income (gross income less expenses)2012-12-31$50,849
Net plan assets at end of year (total assets less liabilities)2012-12-31$313,668
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$262,819
Total contributions received or receivable from employer(s)2012-12-31$17,181
2011 : SGT. GRIT SAVINGS INCENTIVE PLAN 2011 401k financial data
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$44,238
Expenses. Total of all expenses incurred2011-12-31$17,355
Benefits paid (including direct rollovers)2011-12-31$17,355
Total plan assets at end of year2011-12-31$262,819
Total plan assets at beginning of year2011-12-31$235,936
Value of fidelity bond covering the plan2011-12-31$10,000
Total contributions received or receivable from participants2011-12-31$32,348
Other income received2011-12-31$-11,865
Net income (gross income less expenses)2011-12-31$26,883
Net plan assets at end of year (total assets less liabilities)2011-12-31$262,819
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$235,936
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022011-12-31$3,498
Total contributions received or receivable from employer(s)2011-12-31$23,755
2010 : SGT. GRIT SAVINGS INCENTIVE PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$70,497
Expenses. Total of all expenses incurred2010-12-31$16,743
Benefits paid (including direct rollovers)2010-12-31$16,743
Total plan assets at end of year2010-12-31$235,936
Total plan assets at beginning of year2010-12-31$182,182
Value of fidelity bond covering the plan2010-12-31$10,000
Total contributions received or receivable from participants2010-12-31$29,943
Other income received2010-12-31$19,619
Net income (gross income less expenses)2010-12-31$53,754
Net plan assets at end of year (total assets less liabilities)2010-12-31$235,936
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$182,182
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022010-12-31$1,136
Total contributions received or receivable from employer(s)2010-12-31$20,935

Form 5500 Responses for SGT. GRIT SAVINGS INCENTIVE PLAN

2016: SGT. GRIT SAVINGS INCENTIVE PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SGT. GRIT SAVINGS INCENTIVE 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: SGT. GRIT SAVINGS INCENTIVE PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SGT. GRIT SAVINGS INCENTIVE 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: SGT. GRIT SAVINGS INCENTIVE 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: SGT. GRIT SAVINGS INCENTIVE 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
2010: SGT. GRIT SAVINGS INCENTIVE PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SGT. GRIT SAVINGS INCENTIVE PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAPBOUZ36
Policy instance 1
Insurance contract or identification numberGAPBOUZ36
Number of Individuals Covered0
Insurance policy start date2016-01-01
Insurance policy end date2016-08-31
Total amount of commissions paid to insurance brokerUSD $359
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 BrokerUSD $359
Insurance broker organization code?4
Insurance broker nameCETERA ADVISORS NETWORK LLC
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAPBOUZ36
Policy instance 1
Insurance contract or identification numberGAPBOUZ36
Number of Individuals Covered27
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $952
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 BrokerUSD $952
Insurance broker nameCETERA ADVISORS NETWORK LLC
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAPB0UZ36
Policy instance 1
Insurance contract or identification numberGAPB0UZ36
Number of Individuals Covered27
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $855
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $855
Insurance broker organization code?7
Insurance broker nameCTERRA ADVISOR NETWORKS LLC
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAPB0UZ36
Policy instance 1
Insurance contract or identification numberGAPB0UZ36
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $681
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $681
Insurance broker organization code?7
Insurance broker nameCTERRA ADVISOR NETWORKS LLC
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAPB0UZ36
Policy instance 1
Insurance contract or identification numberGAPB0UZ36
Number of Individuals Covered29
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $5
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 BrokerUSD $5
Insurance broker organization code?7
Insurance broker nameCTERRA ADVISOR NETWORKS LLC
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAPB0UZ36
Policy instance 1
Insurance contract or identification numberGAPB0UZ36
Number of Individuals Covered29
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $0
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 numberGAPB0UZ36
Policy instance 1
Insurance contract or identification numberGAPB0UZ36
Number of Individuals Covered27
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $0
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 BrokerUSD $0
Insurance broker organization code?4
Insurance broker nameFINANCIAL NETWORK INVESTMENT CORP.

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