GALLERY MODEL HOMES, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan GALLERY FURNITURE PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2016 : GALLERY FURNITURE PROFIT SHARING PLAN 2016 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2016-12-31 | $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 assets | 2016-12-31 | $0 |
| Total of all expenses incurred | 2016-12-31 | $4,087,303 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $3,979,647 |
| Value of total corrective distributions | 2016-12-31 | $20,262 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $0 |
| Value of total assets at end of year | 2016-12-31 | $702,707 |
| Value of total assets at beginning of year | 2016-12-31 | $4,682,045 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $87,394 |
| Total interest from all sources | 2016-12-31 | $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 year | 2016-12-31 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2016-12-31 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2016-12-31 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2016-12-31 | $253,280 |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
| Participant contributions at end of year | 2016-12-31 | $3,060 |
| Participant contributions at beginning of year | 2016-12-31 | $227,432 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $3,911 |
| Liabilities. Value of operating payables at end of year | 2016-12-31 | $12,550 |
| Liabilities. Value of operating payables at beginning of year | 2016-12-31 | $0 |
| Total non interest bearing cash at end of year | 2016-12-31 | $699,647 |
| Total non interest bearing cash at beginning of year | 2016-12-31 | $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 appraiser | 2016-12-31 | No |
| Value of net income/loss | 2016-12-31 | $-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) | 2016-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $820,302 |
| Interest on participant loans | 2016-12-31 | $1,713 |
| Interest earned on other investments | 2016-12-31 | $4,265 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2016-12-31 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $2,969,941 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $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 assets | 2016-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $3,979,647 |
| Asset. Corporate debt instrument debt (other) at end of year | 2016-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2016-12-31 | $309,663 |
| Contract administrator fees | 2016-12-31 | $87,394 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2016-12-31 | $0 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2016-12-31 | $95,036 |
| Did the plan have assets held for investment | 2016-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
| Accountancy firm name | 2016-12-31 | PATRICK C. SHIELDS, P.C. |
| Accountancy firm EIN | 2016-12-31 | 760235871 |
| 2015 : GALLERY FURNITURE PROFIT SHARING PLAN 2015 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2015-12-31 | $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 assets | 2015-12-31 | $0 |
| Total of all expenses incurred | 2015-12-31 | $500,122 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $466,537 |
| Expenses. Certain deemed distributions of participant loans | 2015-12-31 | $19,385 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $0 |
| Value of total assets at end of year | 2015-12-31 | $4,682,045 |
| Value of total assets at beginning of year | 2015-12-31 | $5,165,470 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $14,200 |
| Total interest from all sources | 2015-12-31 | $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 year | 2015-12-31 | No |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2015-12-31 | $253,280 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2015-12-31 | $241,526 |
| Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
| Value of fidelity bond cover | 2015-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
| Participant contributions at end of year | 2015-12-31 | $227,432 |
| Participant contributions at beginning of year | 2015-12-31 | $408,049 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-12-31 | $3,911 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2015-12-31 | $4,381 |
| Total non interest bearing cash at end of year | 2015-12-31 | $2,480 |
| Total non interest bearing cash at beginning of year | 2015-12-31 | $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 appraiser | 2015-12-31 | No |
| Value of net income/loss | 2015-12-31 | $-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) | 2015-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $820,302 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $870,875 |
| Interest on participant loans | 2015-12-31 | $7,104 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-12-31 | $2,969,941 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-12-31 | $3,206,807 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-12-31 | $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 assets | 2015-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
| Income. Dividends from preferred stock | 2015-12-31 | $83,010 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $466,537 |
| Asset. Corporate debt instrument debt (other) at end of year | 2015-12-31 | $309,663 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2015-12-31 | $321,580 |
| Contract administrator fees | 2015-12-31 | $14,200 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2015-12-31 | $95,036 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2015-12-31 | $109,741 |
| Did the plan have assets held for investment | 2015-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Unqualified |
| Accountancy firm name | 2015-12-31 | PATRICK C. SHIELDS, P.C. |
| Accountancy firm EIN | 2015-12-31 | 760235871 |
| 2014 : GALLERY FURNITURE PROFIT SHARING PLAN 2014 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2014-12-31 | $22,975 |
| Total unrealized appreciation/depreciation of assets | 2014-12-31 | $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 assets | 2014-12-31 | $0 |
| Total of all expenses incurred | 2014-12-31 | $458,068 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $447,168 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $0 |
| Value of total assets at end of year | 2014-12-31 | $5,165,470 |
| Value of total assets at beginning of year | 2014-12-31 | $5,404,705 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $10,900 |
| Total interest from all sources | 2014-12-31 | $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 year | 2014-12-31 | No |
| 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 year | 2014-12-31 | $241,526 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2014-12-31 | $215,360 |
| Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
| Value of fidelity bond cover | 2014-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
| Participant contributions at end of year | 2014-12-31 | $408,049 |
| Participant contributions at beginning of year | 2014-12-31 | $219,943 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2014-12-31 | $4,381 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2014-12-31 | $13,380 |
| Other income not declared elsewhere | 2014-12-31 | $63,866 |
| Administrative expenses (other) incurred | 2014-12-31 | $150 |
| Liabilities. Value of operating payables at end of year | 2014-12-31 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2014-12-31 | $4,507 |
| Total non interest bearing cash at end of year | 2014-12-31 | $2,511 |
| Total non interest bearing cash at beginning of year | 2014-12-31 | $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 appraiser | 2014-12-31 | No |
| Value of net income/loss | 2014-12-31 | $-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) | 2014-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $870,875 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $889,192 |
| Interest on participant loans | 2014-12-31 | $10,344 |
| Income. Interest from corporate debt instruments | 2014-12-31 | $21,865 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2014-12-31 | $3,206,807 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2014-12-31 | $3,539,491 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2014-12-31 | $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 assets | 2014-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
| Income. Dividends from preferred stock | 2014-12-31 | $14,425 |
| Income. Dividends from common stock | 2014-12-31 | $2,475 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $447,168 |
| Asset. Corporate debt instrument debt (other) at end of year | 2014-12-31 | $321,580 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2014-12-31 | $433,051 |
| Contract administrator fees | 2014-12-31 | $10,750 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2014-12-31 | $109,741 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2014-12-31 | $91,656 |
| Did the plan have assets held for investment | 2014-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Unqualified |
| Accountancy firm name | 2014-12-31 | PATRICK C. SHIELDS, P.C. |
| Accountancy firm EIN | 2014-12-31 | 760235871 |
| 2013 : GALLERY FURNITURE PROFIT SHARING PLAN 2013 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2013-12-31 | $605 |
| Total unrealized appreciation/depreciation of assets | 2013-12-31 | $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 assets | 2013-12-31 | $0 |
| Total of all expenses incurred | 2013-12-31 | $224,008 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $210,458 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $0 |
| Value of total assets at end of year | 2013-12-31 | $5,404,705 |
| Value of total assets at beginning of year | 2013-12-31 | $5,515,308 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $13,550 |
| Total interest from all sources | 2013-12-31 | $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 year | 2013-12-31 | No |
| 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 year | 2013-12-31 | $215,360 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2013-12-31 | $250,440 |
| Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
| Value of fidelity bond cover | 2013-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
| Participant contributions at end of year | 2013-12-31 | $219,943 |
| Participant contributions at beginning of year | 2013-12-31 | $502,279 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2013-12-31 | $13,380 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2013-12-31 | $18,094 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2013-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2013-12-31 | $55,675 |
| Other income not declared elsewhere | 2013-12-31 | $38,977 |
| Administrative expenses (other) incurred | 2013-12-31 | $175 |
| Liabilities. Value of operating payables at end of year | 2013-12-31 | $4,507 |
| Liabilities. Value of operating payables at beginning of year | 2013-12-31 | $21,507 |
| Total non interest bearing cash at end of year | 2013-12-31 | $2,632 |
| Total non interest bearing cash at beginning of year | 2013-12-31 | $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 appraiser | 2013-12-31 | No |
| Value of net income/loss | 2013-12-31 | $-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) | 2013-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $889,192 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $870,568 |
| Interest on participant loans | 2013-12-31 | $9,062 |
| Income. Interest from corporate debt instruments | 2013-12-31 | $25,065 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2013-12-31 | $3,539,491 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2013-12-31 | $3,299,894 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2013-12-31 | $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 assets | 2013-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
| Income. Dividends from preferred stock | 2013-12-31 | $14,820 |
| Income. Dividends from common stock | 2013-12-31 | $1,829 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $210,458 |
| Asset. Corporate debt instrument debt (other) at end of year | 2013-12-31 | $433,051 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2013-12-31 | $506,368 |
| Contract administrator fees | 2013-12-31 | $13,375 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2013-12-31 | $91,656 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2013-12-31 | $65,464 |
| Did the plan have assets held for investment | 2013-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Unqualified |
| Accountancy firm name | 2013-12-31 | PATRICK C. SHIELDS, P.C. |
| Accountancy firm EIN | 2013-12-31 | 760235871 |
| 2012 : GALLERY FURNITURE PROFIT SHARING PLAN 2012 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2012-12-31 | $83,044 |
| Total unrealized appreciation/depreciation of assets | 2012-12-31 | $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 assets | 2012-12-31 | $0 |
| Total of all expenses incurred | 2012-12-31 | $249,442 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $218,642 |
| Expenses. Certain deemed distributions of participant loans | 2012-12-31 | $19,385 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $0 |
| Value of total assets at end of year | 2012-12-31 | $5,515,308 |
| Value of total assets at beginning of year | 2012-12-31 | $5,486,738 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $11,415 |
| Total interest from all sources | 2012-12-31 | $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 year | 2012-12-31 | No |
| 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 year | 2012-12-31 | $250,440 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2012-12-31 | $80,840 |
| Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
| Value of fidelity bond cover | 2012-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Participant contributions at end of year | 2012-12-31 | $502,279 |
| Participant contributions at beginning of year | 2012-12-31 | $395,905 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $18,094 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-12-31 | $29,012 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2012-12-31 | $55,675 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2012-12-31 | $26,902 |
| Administrative expenses (other) incurred | 2012-12-31 | $150 |
| Liabilities. Value of operating payables at end of year | 2012-12-31 | $21,507 |
| Liabilities. Value of operating payables at beginning of year | 2012-12-31 | $32,980 |
| Total non interest bearing cash at end of year | 2012-12-31 | $2,201 |
| Total non interest bearing cash at beginning of year | 2012-12-31 | $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 appraiser | 2012-12-31 | No |
| Value of net income/loss | 2012-12-31 | $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) | 2012-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $870,568 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $815,754 |
| Interest on participant loans | 2012-12-31 | $9,633 |
| Income. Interest from corporate debt instruments | 2012-12-31 | $23,340 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $3,299,894 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $3,837,340 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $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 assets | 2012-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
| Income. Dividends from preferred stock | 2012-12-31 | $7,981 |
| Income. Dividends from common stock | 2012-12-31 | $1,956 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $218,642 |
| Asset. Corporate debt instrument debt (other) at end of year | 2012-12-31 | $506,368 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2012-12-31 | $263,136 |
| Contract administrator fees | 2012-12-31 | $11,265 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2012-12-31 | $65,464 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2012-12-31 | $62,455 |
| Liabilities. Value of benefit claims payable at end of year | 2012-12-31 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2012-12-31 | $1,678 |
| Did the plan have assets held for investment | 2012-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
| Accountancy firm name | 2012-12-31 | PATRICK C. SHIELDS, P.C. |
| Accountancy firm EIN | 2012-12-31 | 760235871 |
| 2011 : GALLERY FURNITURE PROFIT SHARING PLAN 2011 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2011-12-31 | $-55,963 |
| Total unrealized appreciation/depreciation of assets | 2011-12-31 | $-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 assets | 2011-12-31 | $0 |
| Total of all expenses incurred | 2011-12-31 | $561,431 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $539,777 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $0 |
| Value of total assets at end of year | 2011-12-31 | $5,486,738 |
| Value of total assets at beginning of year | 2011-12-31 | $5,944,232 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $21,654 |
| Total interest from all sources | 2011-12-31 | $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 year | 2011-12-31 | No |
| 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 year | 2011-12-31 | $80,840 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2011-12-31 | $91,100 |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
| Participant contributions at end of year | 2011-12-31 | $395,905 |
| Participant contributions at beginning of year | 2011-12-31 | $289,718 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-12-31 | $29,012 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-12-31 | $38,467 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2011-12-31 | $26,902 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2011-12-31 | $26,602 |
| Administrative expenses (other) incurred | 2011-12-31 | $239 |
| Liabilities. Value of operating payables at end of year | 2011-12-31 | $32,980 |
| Liabilities. Value of operating payables at beginning of year | 2011-12-31 | $41,672 |
| Total non interest bearing cash at end of year | 2011-12-31 | $2,296 |
| Total non interest bearing cash at beginning of year | 2011-12-31 | $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 appraiser | 2011-12-31 | No |
| Value of net income/loss | 2011-12-31 | $-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) | 2011-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $815,754 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $1,329,599 |
| Interest on participant loans | 2011-12-31 | $8,401 |
| Income. Interest from corporate debt instruments | 2011-12-31 | $17,490 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $3,837,340 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $3,717,721 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $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 assets | 2011-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
| Income. Dividends from preferred stock | 2011-12-31 | $6,450 |
| Income. Dividends from common stock | 2011-12-31 | $1,997 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $539,777 |
| Asset. Corporate debt instrument debt (other) at end of year | 2011-12-31 | $263,136 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2011-12-31 | $395,960 |
| Contract administrator fees | 2011-12-31 | $21,415 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2011-12-31 | $62,455 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2011-12-31 | $76,916 |
| Liabilities. Value of benefit claims payable at end of year | 2011-12-31 | $1,678 |
| Liabilities. Value of benefit claims payable at beginning of year | 2011-12-31 | $32,419 |
| Did the plan have assets held for investment | 2011-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
| Accountancy firm name | 2011-12-31 | PATRICK C. SHIELDS, P.C. |
| Accountancy firm EIN | 2011-12-31 | 760235871 |
| 2010 : GALLERY FURNITURE PROFIT SHARING PLAN 2010 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $124,684 |
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $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 assets | 2010-12-31 | $0 |
| Total of all expenses incurred | 2010-12-31 | $410,592 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $394,301 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $0 |
| Value of total assets at end of year | 2010-12-31 | $5,944,232 |
| Value of total assets at beginning of year | 2010-12-31 | $5,902,749 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $16,291 |
| Total interest from all sources | 2010-12-31 | $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 year | 2010-12-31 | No |
| 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 year | 2010-12-31 | $91,100 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2010-12-31 | $80,940 |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Participant contributions at end of year | 2010-12-31 | $289,718 |
| Participant contributions at beginning of year | 2010-12-31 | $358,134 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $38,467 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $47,915 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2010-12-31 | $26,602 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2010-12-31 | $0 |
| Administrative expenses (other) incurred | 2010-12-31 | $227 |
| Liabilities. Value of operating payables at end of year | 2010-12-31 | $41,672 |
| Liabilities. Value of operating payables at beginning of year | 2010-12-31 | $0 |
| Total non interest bearing cash at end of year | 2010-12-31 | $4,751 |
| Total non interest bearing cash at beginning of year | 2010-12-31 | $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 appraiser | 2010-12-31 | No |
| Value of net income/loss | 2010-12-31 | $-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) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $1,329,599 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $1,053,056 |
| Interest on participant loans | 2010-12-31 | $8,064 |
| Income. Interest from corporate debt instruments | 2010-12-31 | $27,890 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $3,717,721 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $3,768,984 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $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 year | 2010-12-31 | $0 |
| Asset value of US Government securities at beginning of year | 2010-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Employer contributions (assets) at end of year | 2010-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2010-12-31 | $0 |
| Income. Dividends from common stock | 2010-12-31 | $1,827 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $394,301 |
| Asset. Corporate debt instrument debt (other) at end of year | 2010-12-31 | $395,960 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2010-12-31 | $510,516 |
| Contract administrator fees | 2010-12-31 | $16,064 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2010-12-31 | $76,916 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2010-12-31 | $80,013 |
| Liabilities. Value of benefit claims payable at end of year | 2010-12-31 | $32,419 |
| Liabilities. Value of benefit claims payable at beginning of year | 2010-12-31 | $0 |
| Did the plan have assets held for investment | 2010-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
| Accountancy firm name | 2010-12-31 | PATRICK C. SHIELDS, P.C. |
| Accountancy firm EIN | 2010-12-31 | 760235871 |
| 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 securities | 2009-12-31 | $0 |