401k Plan data: BALL & WEED EMPLOYEES' PROFIT SHARING PLAN plan

BALL & WEED EMPLOYEES' PROFIT SHARING PLAN 401k Plan overview

Plan Name	BALL & WEED EMPLOYEES' PROFIT SHARING PLAN
Plan identification number	002

BALL & WEED EMPLOYEES' PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

BALL & WEED, A PROFESSIONAL CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: BALL & WEED, A PROFESSIONAL CORPORATION

Employer identification number (EIN): 742608942

NAIC Classification: 541110
NAIC Description: Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BALL & WEED EMPLOYEES' PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2011-01-01 DAVID KEYES 2012-01-30 DAVID KEYES 2012-01-30
002 2010-01-01 CYNTHIA GRIMES 2011-07-04 DAVID KEYES 2011-07-04
002 2007-01-01 DAVID KEYES

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2011-01-01	DAVID KEYES	2012-01-30	DAVID KEYES	2012-01-30
002	2010-01-01	CYNTHIA GRIMES	2011-07-04	DAVID KEYES	2011-07-04
002	2007-01-01	DAVID KEYES

Plan Statistics for BALL & WEED EMPLOYEES' PROFIT SHARING PLAN

401k plan membership statisitcs for BALL & WEED EMPLOYEES' PROFIT SHARING PLAN

Measure Date Value
2007: BALL & WEED EMPLOYEES' PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year 2007-01-01 101
Total number of active participants reported on line 7a of the Form 5500 2007-01-01 55
Number of other retired or separated participants entitled to future benefits 2007-01-01 11
Total of all active and inactive participants 2007-01-01 66
Total participants 2007-01-01 66
Number of participants with account balances 2007-01-01 65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2007-01-01 15

Measure	Date	Value
2007: BALL & WEED EMPLOYEES' PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year	2007-01-01	101
Total number of active participants reported on line 7a of the Form 5500	2007-01-01	55
Number of other retired or separated participants entitled to future benefits	2007-01-01	11
Total of all active and inactive participants	2007-01-01	66
Total participants	2007-01-01	66
Number of participants with account balances	2007-01-01	65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2007-01-01	15

Financial Data on BALL & WEED EMPLOYEES' PROFIT SHARING PLAN

Measure	Date	Value
2007 : BALL & WEED EMPLOYEES' PROFIT SHARING PLAN 2007 401k financial data
Total income from all sources	2007-12-31	$736,507
Expenses. Total of all expenses incurred	2007-12-31	$1,403,727
Benefits paid (including direct rollovers)	2007-12-31	$1,403,227
Total plan assets at end of year	2007-12-31	$6,312,421
Total plan assets at beginning of year	2007-12-31	$6,979,641
Value of fidelity bond covering the plan	2007-12-31	$500,000
Total contributions received or receivable from participants	2007-12-31	$189,784
Expenses. Other expenses not covered elsewhere	2007-12-31	$500
Other income received	2007-12-31	$274,242
Net income (gross income less expenses)	2007-12-31	$-667,220
Net plan assets at end of year (total assets less liabilities)	2007-12-31	$6,312,421
Net plan assets at beginning of year (total assets less liabilities)	2007-12-31	$6,979,641
Total contributions received or receivable from employer(s)	2007-12-31	$272,481

Form 5500 Responses for BALL & WEED EMPLOYEES' PROFIT SHARING PLAN

2007: BALL & WEED EMPLOYEES' PROFIT SHARING PLAN 2007 form 5500 responses
2007-01-01	Type of plan entity	Single employer plan
2007-01-01	Submission has been amended	No
2007-01-01	This submission is the final filing	No
2007-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2007-01-01	Plan is a collectively bargained plan	No
2007-01-01	Plan funding arrangement – Insurance	Yes
2007-01-01	Plan funding arrangement – Trust	Yes
2007-01-01	Plan benefit arrangement – Insurance	Yes
2007-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

7-06536

Policy instance

Insurance contract or identification number	7-06536
Number of Individuals Covered	66
Insurance policy start date	2007-01-01
Insurance policy end date	2007-12-31
Total amount of commissions paid to insurance broker	USD $15,412
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $15,412
Insurance broker organization code?	3
Insurance broker name	ROBERT STEPHEN HULL

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

4-41462

Policy instance

Insurance contract or identification number	4-41462
Number of Individuals Covered	66
Insurance policy start date	2007-01-01
Insurance policy end date	2007-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

Potentially related plans

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Company Name:	BALL & WEED, A PROFESSIONAL CORPORATION
Employer identification number (EIN):	742608942
NAIC Classification:	541110
NAIC Description:	Offices of Lawyers