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GALLERY FURNITURE PROFIT SHARING PLAN 401k Plan overview

Plan NameGALLERY FURNITURE PROFIT SHARING PLAN
Plan identification number 001

GALLERY FURNITURE PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

GALLERY MODEL HOMES, INC. has sponsored the creation of one or more 401k plans.

Company Name:GALLERY MODEL HOMES, INC.
Employer identification number (EIN):742177645
NAIC Classification:442110
NAIC Description:Furniture Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GALLERY FURNITURE PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01JAMES MCINGVALE
0012013-01-01JAMES MCINGVALE
0012012-01-01JAMES MCINGVALE
0012011-01-01JAMES MCINGVALE
0012010-01-01JAMES MCINGVALE
0012009-01-01JAMES MCINGVALE

Plan Statistics for GALLERY FURNITURE PROFIT SHARING PLAN

401k plan membership statisitcs for GALLERY FURNITURE PROFIT SHARING PLAN

Measure Date Value
2016: GALLERY FURNITURE PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01332
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 benefits2016-01-0195
Total of all active and inactive participants2016-01-0195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0195
Number of participants with account balances2016-01-0195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: GALLERY FURNITURE PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01260
Total number of active participants reported on line 7a of the Form 55002015-01-01206
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0176
Total of all active and inactive participants2015-01-01282
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01282
Number of participants with account balances2015-01-01205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: GALLERY FURNITURE PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01322
Total number of active participants reported on line 7a of the Form 55002014-01-01188
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0193
Total of all active and inactive participants2014-01-01281
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-01282
Number of participants with account balances2014-01-01235
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: GALLERY FURNITURE PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01304
Total number of active participants reported on line 7a of the Form 55002013-01-01208
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0180
Total of all active and inactive participants2013-01-01288
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-01289
Number of participants with account balances2013-01-01239
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: GALLERY FURNITURE PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01291
Total number of active participants reported on line 7a of the Form 55002012-01-01205
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0186
Total of all active and inactive participants2012-01-01291
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01291
Number of participants with account balances2012-01-01240
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0110
2011: GALLERY FURNITURE PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01267
Total number of active participants reported on line 7a of the Form 55002011-01-01191
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0166
Total of all active and inactive participants2011-01-01257
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01257
Number of participants with account balances2011-01-01254
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0118
2010: GALLERY FURNITURE PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01272
Total number of active participants reported on line 7a of the Form 55002010-01-01181
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0159
Total of all active and inactive participants2010-01-01240
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01240
Number of participants with account balances2010-01-01240
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0117
2009: GALLERY FURNITURE PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01255
Total number of active participants reported on line 7a of the Form 55002009-01-01199
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0161
Total of all active and inactive participants2009-01-01260
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01260
Number of participants with account balances2009-01-01256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0113

Financial Data on GALLERY FURNITURE PROFIT SHARING PLAN

Measure Date Value
2016 : GALLERY FURNITURE PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$12,550
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$95,415
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$4,087,303
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$3,979,647
Value of total corrective distributions2016-12-31$20,262
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$0
Value of total assets at end of year2016-12-31$702,707
Value of total assets at beginning of year2016-12-31$4,682,045
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$87,394
Total interest from all sources2016-12-31$5,978
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2016-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2016-12-31$253,280
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Participant contributions at end of year2016-12-31$3,060
Participant contributions at beginning of year2016-12-31$227,432
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$3,911
Liabilities. Value of operating payables at end of year2016-12-31$12,550
Liabilities. Value of operating payables at beginning of year2016-12-31$0
Total non interest bearing cash at end of year2016-12-31$699,647
Total non interest bearing cash at beginning of year2016-12-31$2,480
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-3,991,888
Value of net assets at end of year (total assets less liabilities)2016-12-31$690,157
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$4,682,045
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$820,302
Interest on participant loans2016-12-31$1,713
Interest earned on other investments2016-12-31$4,265
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$2,969,941
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$2,969,941
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$89,437
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$3,979,647
Asset. Corporate debt instrument debt (other) at end of year2016-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-31$309,663
Contract administrator fees2016-12-31$87,394
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$95,036
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31PATRICK C. SHIELDS, P.C.
Accountancy firm EIN2016-12-31760235871
2015 : GALLERY FURNITURE PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$16,697
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$500,122
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$466,537
Expenses. Certain deemed distributions of participant loans2015-12-31$19,385
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$0
Value of total assets at end of year2015-12-31$4,682,045
Value of total assets at beginning of year2015-12-31$5,165,470
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$14,200
Total interest from all sources2015-12-31$7,104
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$83,010
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Assets. Corporate prefeered stocks other than exployer securities at end of year2015-12-31$253,280
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2015-12-31$241,526
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Participant contributions at end of year2015-12-31$227,432
Participant contributions at beginning of year2015-12-31$408,049
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$3,911
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$4,381
Total non interest bearing cash at end of year2015-12-31$2,480
Total non interest bearing cash at beginning of year2015-12-31$2,511
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-483,425
Value of net assets at end of year (total assets less liabilities)2015-12-31$4,682,045
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$5,165,470
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$820,302
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$870,875
Interest on participant loans2015-12-31$7,104
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$2,969,941
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$3,206,807
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$3,206,807
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-73,417
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
Income. Dividends from preferred stock2015-12-31$83,010
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$466,537
Asset. Corporate debt instrument debt (other) at end of year2015-12-31$309,663
Asset. Corporate debt instrument debt (other) at beginning of year2015-12-31$321,580
Contract administrator fees2015-12-31$14,200
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$95,036
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$109,741
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)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31PATRICK C. SHIELDS, P.C.
Accountancy firm EIN2015-12-31760235871
2014 : GALLERY FURNITURE PROFIT SHARING PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$22,975
Total unrealized appreciation/depreciation of assets2014-12-31$22,975
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$4,507
Total income from all sources (including contributions)2014-12-31$223,340
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$458,068
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$447,168
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$0
Value of total assets at end of year2014-12-31$5,165,470
Value of total assets at beginning of year2014-12-31$5,404,705
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$10,900
Total interest from all sources2014-12-31$69,031
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$67,468
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$50,568
Assets. Corporate prefeered stocks other than exployer securities at end of year2014-12-31$241,526
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2014-12-31$215,360
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Participant contributions at end of year2014-12-31$408,049
Participant contributions at beginning of year2014-12-31$219,943
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$4,381
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$13,380
Other income not declared elsewhere2014-12-31$63,866
Administrative expenses (other) incurred2014-12-31$150
Liabilities. Value of operating payables at end of year2014-12-31$0
Liabilities. Value of operating payables at beginning of year2014-12-31$4,507
Total non interest bearing cash at end of year2014-12-31$2,511
Total non interest bearing cash at beginning of year2014-12-31$2,632
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-234,728
Value of net assets at end of year (total assets less liabilities)2014-12-31$5,165,470
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$5,400,198
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$870,875
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$889,192
Interest on participant loans2014-12-31$10,344
Income. Interest from corporate debt instruments2014-12-31$21,865
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$3,206,807
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$3,539,491
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$3,539,491
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$36,822
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
Income. Dividends from preferred stock2014-12-31$14,425
Income. Dividends from common stock2014-12-31$2,475
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$447,168
Asset. Corporate debt instrument debt (other) at end of year2014-12-31$321,580
Asset. Corporate debt instrument debt (other) at beginning of year2014-12-31$433,051
Contract administrator fees2014-12-31$10,750
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$109,741
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$91,656
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)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31PATRICK C. SHIELDS, P.C.
Accountancy firm EIN2014-12-31760235871
2013 : GALLERY FURNITURE PROFIT SHARING PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$605
Total unrealized appreciation/depreciation of assets2013-12-31$605
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$4,507
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$77,182
Total income from all sources (including contributions)2013-12-31$186,080
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$224,008
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$210,458
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$0
Value of total assets at end of year2013-12-31$5,404,705
Value of total assets at beginning of year2013-12-31$5,515,308
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$13,550
Total interest from all sources2013-12-31$80,186
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$66,312
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$49,663
Assets. Corporate prefeered stocks other than exployer securities at end of year2013-12-31$215,360
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2013-12-31$250,440
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Participant contributions at end of year2013-12-31$219,943
Participant contributions at beginning of year2013-12-31$502,279
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$13,380
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$18,094
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$55,675
Other income not declared elsewhere2013-12-31$38,977
Administrative expenses (other) incurred2013-12-31$175
Liabilities. Value of operating payables at end of year2013-12-31$4,507
Liabilities. Value of operating payables at beginning of year2013-12-31$21,507
Total non interest bearing cash at end of year2013-12-31$2,632
Total non interest bearing cash at beginning of year2013-12-31$2,201
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-37,928
Value of net assets at end of year (total assets less liabilities)2013-12-31$5,400,198
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$5,438,126
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$889,192
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$870,568
Interest on participant loans2013-12-31$9,062
Income. Interest from corporate debt instruments2013-12-31$25,065
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$3,539,491
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$3,299,894
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$3,299,894
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$46,059
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
Income. Dividends from preferred stock2013-12-31$14,820
Income. Dividends from common stock2013-12-31$1,829
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$210,458
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$433,051
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$506,368
Contract administrator fees2013-12-31$13,375
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$91,656
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$65,464
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)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31PATRICK C. SHIELDS, P.C.
Accountancy firm EIN2013-12-31760235871
2012 : GALLERY FURNITURE PROFIT SHARING PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$83,044
Total unrealized appreciation/depreciation of assets2012-12-31$83,044
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$77,182
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$61,560
Total income from all sources (including contributions)2012-12-31$262,390
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$249,442
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$218,642
Expenses. Certain deemed distributions of participant loans2012-12-31$19,385
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$0
Value of total assets at end of year2012-12-31$5,515,308
Value of total assets at beginning of year2012-12-31$5,486,738
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$11,415
Total interest from all sources2012-12-31$122,522
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$56,824
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$46,887
Assets. Corporate prefeered stocks other than exployer securities at end of year2012-12-31$250,440
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2012-12-31$80,840
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Participant contributions at end of year2012-12-31$502,279
Participant contributions at beginning of year2012-12-31$395,905
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$18,094
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$29,012
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$55,675
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$26,902
Administrative expenses (other) incurred2012-12-31$150
Liabilities. Value of operating payables at end of year2012-12-31$21,507
Liabilities. Value of operating payables at beginning of year2012-12-31$32,980
Total non interest bearing cash at end of year2012-12-31$2,201
Total non interest bearing cash at beginning of year2012-12-31$2,296
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$12,948
Value of net assets at end of year (total assets less liabilities)2012-12-31$5,438,126
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$5,425,178
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$870,568
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$815,754
Interest on participant loans2012-12-31$9,633
Income. Interest from corporate debt instruments2012-12-31$23,340
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$3,299,894
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$3,837,340
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$3,837,340
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$89,549
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
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
Income. Dividends from preferred stock2012-12-31$7,981
Income. Dividends from common stock2012-12-31$1,956
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$218,642
Asset. Corporate debt instrument debt (other) at end of year2012-12-31$506,368
Asset. Corporate debt instrument debt (other) at beginning of year2012-12-31$263,136
Contract administrator fees2012-12-31$11,265
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$65,464
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$62,455
Liabilities. Value of benefit claims payable at end of year2012-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$1,678
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31PATRICK C. SHIELDS, P.C.
Accountancy firm EIN2012-12-31760235871
2011 : GALLERY FURNITURE PROFIT SHARING PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-55,963
Total unrealized appreciation/depreciation of assets2011-12-31$-55,963
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$61,560
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$100,693
Total income from all sources (including contributions)2011-12-31$143,070
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$561,431
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$539,777
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$0
Value of total assets at end of year2011-12-31$5,486,738
Value of total assets at beginning of year2011-12-31$5,944,232
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$21,654
Total interest from all sources2011-12-31$129,405
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$69,628
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$61,181
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-12-31$80,840
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2011-12-31$91,100
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Participant contributions at end of year2011-12-31$395,905
Participant contributions at beginning of year2011-12-31$289,718
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$29,012
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$38,467
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$26,902
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$26,602
Administrative expenses (other) incurred2011-12-31$239
Liabilities. Value of operating payables at end of year2011-12-31$32,980
Liabilities. Value of operating payables at beginning of year2011-12-31$41,672
Total non interest bearing cash at end of year2011-12-31$2,296
Total non interest bearing cash at beginning of year2011-12-31$4,751
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-418,361
Value of net assets at end of year (total assets less liabilities)2011-12-31$5,425,178
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$5,843,539
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$815,754
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,329,599
Interest on participant loans2011-12-31$8,401
Income. Interest from corporate debt instruments2011-12-31$17,490
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$3,837,340
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$3,717,721
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$3,717,721
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$103,514
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
Income. Dividends from preferred stock2011-12-31$6,450
Income. Dividends from common stock2011-12-31$1,997
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$539,777
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$263,136
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$395,960
Contract administrator fees2011-12-31$21,415
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$62,455
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$76,916
Liabilities. Value of benefit claims payable at end of year2011-12-31$1,678
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$32,419
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)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31PATRICK C. SHIELDS, P.C.
Accountancy firm EIN2011-12-31760235871
2010 : GALLERY FURNITURE PROFIT SHARING PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$124,684
Total unrealized appreciation/depreciation of assets2010-12-31$124,684
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$100,693
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$351,382
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$410,592
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$394,301
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$0
Value of total assets at end of year2010-12-31$5,944,232
Value of total assets at beginning of year2010-12-31$5,902,749
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$16,291
Total interest from all sources2010-12-31$172,865
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$53,833
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$52,006
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-12-31$91,100
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-12-31$80,940
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Participant contributions at end of year2010-12-31$289,718
Participant contributions at beginning of year2010-12-31$358,134
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$38,467
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$47,915
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$26,602
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$0
Administrative expenses (other) incurred2010-12-31$227
Liabilities. Value of operating payables at end of year2010-12-31$41,672
Liabilities. Value of operating payables at beginning of year2010-12-31$0
Total non interest bearing cash at end of year2010-12-31$4,751
Total non interest bearing cash at beginning of year2010-12-31$3,191
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-59,210
Value of net assets at end of year (total assets less liabilities)2010-12-31$5,843,539
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,902,749
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,329,599
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,053,056
Interest on participant loans2010-12-31$8,064
Income. Interest from corporate debt instruments2010-12-31$27,890
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$3,717,721
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$3,768,984
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$3,768,984
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$136,911
Asset value of US Government securities at end of year2010-12-31$0
Asset value of US Government securities at beginning of year2010-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$0
Income. Dividends from common stock2010-12-31$1,827
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$394,301
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$395,960
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$510,516
Contract administrator fees2010-12-31$16,064
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$76,916
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$80,013
Liabilities. Value of benefit claims payable at end of year2010-12-31$32,419
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
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)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31PATRICK C. SHIELDS, P.C.
Accountancy firm EIN2010-12-31760235871
2009 : GALLERY FURNITURE PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for GALLERY FURNITURE PROFIT SHARING PLAN

2016: GALLERY FURNITURE PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: GALLERY FURNITURE PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: GALLERY FURNITURE PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: GALLERY FURNITURE PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: GALLERY FURNITURE PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: GALLERY FURNITURE PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: GALLERY FURNITURE PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: GALLERY FURNITURE PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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