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NOVAMEX 401(K) PLAN 401k Plan overview

Plan NameNOVAMEX 401(K) PLAN
Plan identification number 001

NOVAMEX 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

TIPP DISTRIBUTORS, INC. DBA NOVAMEX has sponsored the creation of one or more 401k plans.

Company Name:TIPP DISTRIBUTORS, INC. DBA NOVAMEX
Employer identification number (EIN):742444846
NAIC Classification:722511
NAIC Description:Full-Service Restaurants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NOVAMEX 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01BRENDA NEUFELD BRENDA NEUFELD2013-07-15
0012011-01-01BRENDA NEUFELD

Plan Statistics for NOVAMEX 401(K) PLAN

401k plan membership statisitcs for NOVAMEX 401(K) PLAN

Measure Date Value
2012: NOVAMEX 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01227
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: NOVAMEX 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01181
Total number of active participants reported on line 7a of the Form 55002011-01-01136
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0191
Total of all active and inactive participants2011-01-01227
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01227
Number of participants with account balances2011-01-01202
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on NOVAMEX 401(K) PLAN

Measure Date Value
2012 : NOVAMEX 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-09-30$0
Total transfer of assets from this plan2012-09-30$6,156,566
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-09-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-09-30$0
Total income from all sources (including contributions)2012-09-30$1,146,779
Total loss/gain on sale of assets2012-09-30$0
Total of all expenses incurred2012-09-30$197,096
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-09-30$193,950
Expenses. Certain deemed distributions of participant loans2012-09-30$1,431
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-09-30$538,879
Value of total assets at end of year2012-09-30$0
Value of total assets at beginning of year2012-09-30$5,206,883
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-09-30$1,715
Total interest from all sources2012-09-30$6,336
Total dividends received (eg from common stock, registered investment company shares)2012-09-30$22,882
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-09-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-09-30$0
Total dividends received from registered investment company shares (eg mutual funds)2012-09-30$22,882
Was this plan covered by a fidelity bond2012-09-30Yes
Value of fidelity bond cover2012-09-30$500,000
If this is an individual account plan, was there a blackout period2012-09-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-09-30$0
Were there any nonexempt tranactions with any party-in-interest2012-09-30No
Contributions received from participants2012-09-30$345,313
Participant contributions at beginning of year2012-09-30$218,978
Other income not declared elsewhere2012-09-30$7,877
Administrative expenses (other) incurred2012-09-30$1,715
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-09-30No
Value of net income/loss2012-09-30$949,683
Value of net assets at end of year (total assets less liabilities)2012-09-30$0
Value of net assets at beginning of year (total assets less liabilities)2012-09-30$5,206,883
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2012-09-30No
Were any leases to which the plan was party in default or uncollectible2012-09-30No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-09-30$4,657,255
Interest on participant loans2012-09-30$6,336
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-09-30$330,650
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-09-30$330,650
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-09-30$570,805
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-09-30No
Was there a failure to transmit to the plan any participant contributions2012-09-30No
Has the plan failed to provide any benefit when due under the plan2012-09-30No
Contributions received in cash from employer2012-09-30$193,566
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-09-30$193,950
Did the plan have assets held for investment2012-09-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-09-30Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-09-30Yes
Opinion of an independent qualified public accountant for this plan2012-09-30Disclaimer
Accountancy firm name2012-09-30GLORIA BIELMEIER
Accountancy firm EIN2012-09-30261483953
2011 : NOVAMEX 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$5,170,795
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$120,694
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$84,606
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$79,105
Expenses. Certain deemed distributions of participant loans2011-12-31$3,906
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$462,282
Value of total assets at end of year2011-12-31$5,206,883
Value of total assets at beginning of year2011-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$1,595
Total interest from all sources2011-12-31$5,141
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$80,215
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$80,215
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
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
Contributions received from participants2011-12-31$282,089
Participant contributions at end of year2011-12-31$218,978
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$4,174
Other income not declared elsewhere2011-12-31$2,311
Administrative expenses (other) incurred2011-12-31$1,595
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$36,088
Value of net assets at end of year (total assets less liabilities)2011-12-31$5,206,883
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$4,657,255
Interest on participant loans2011-12-31$5,141
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$330,650
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-429,255
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$176,019
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$79,105
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31GLORIA BIELMEIER
Accountancy firm EIN2011-12-31261483953

Form 5500 Responses for NOVAMEX 401(K) PLAN

2012: NOVAMEX 401(K) 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 filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NOVAMEX 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01First time form 5500 has been submittedYes
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

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