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DURANT DISTRIBUTING 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameDURANT DISTRIBUTING 401(K) PROFIT SHARING PLAN
Plan identification number 001

DURANT DISTRIBUTING 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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

DURANT DISTRIBUTING has sponsored the creation of one or more 401k plans.

Company Name:DURANT DISTRIBUTING
Employer identification number (EIN):770330151
NAIC Classification:311400
NAIC Description: Fruit and Vegetable Preserving and Specialty Food Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DURANT DISTRIBUTING 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01THOMAS DURANT
0012014-01-01THOMAS DURANT2015-07-20
0012013-01-01THOMAS DURANT2014-10-03
0012012-01-01THOMAS DURANT2013-09-17
0012011-01-01THOMAS DURANT2012-09-25
0012010-01-01THOMAS DURANT2011-10-03

Plan Statistics for DURANT DISTRIBUTING 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for DURANT DISTRIBUTING 401(K) PROFIT SHARING PLAN

Measure Date Value
2015: DURANT DISTRIBUTING 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01452
Total number of active participants reported on line 7a of the Form 55002015-01-01261
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0128
Total of all active and inactive participants2015-01-01289
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01289
Number of participants with account balances2015-01-01137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on DURANT DISTRIBUTING 401(K) PROFIT SHARING PLAN

Measure Date Value
2015 : DURANT DISTRIBUTING 401(K) 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$314,840
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$13,072
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$12,147
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$347,569
Value of total assets at end of year2015-12-31$1,801,537
Value of total assets at beginning of year2015-12-31$1,499,769
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$925
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$25,000
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
Contributions received from participants2015-12-31$206,370
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$36,678
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$0
Administrative expenses (other) incurred2015-12-31$0
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$301,768
Value of net assets at end of year (total assets less liabilities)2015-12-31$1,801,537
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$1,499,769
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$1,660,338
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$1,363,386
Net investment gain/loss from pooled separate accounts2015-12-31$-32,729
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
Contributions received in cash from employer2015-12-31$141,199
Employer contributions (assets) at end of year2015-12-31$141,199
Employer contributions (assets) at beginning of year2015-12-31$99,705
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$12,147
Contract administrator fees2015-12-31$925
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)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer

Form 5500 Responses for DURANT DISTRIBUTING 401(K) PROFIT SHARING PLAN

2015: DURANT DISTRIBUTING 401(K) 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

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