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NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameNORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 005

NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

NORCO, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORCO, INC.
Employer identification number (EIN):820277763
NAIC Classification:453990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052015-01-01MICHAEL SABIN

Plan Statistics for NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2015: NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011,208
Total number of active participants reported on line 7a of the Form 55002015-01-011,207
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-011,207
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-011,207
Number of participants with account balances2015-01-011,205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011

Financial Data on NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2015 : NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-41,690,000
Total unrealized appreciation/depreciation of assets2015-12-31$-41,690,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$141,660,992
Expenses. Interest paid2015-12-31$80,992
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022015-12-31$80,992
Total income from all sources (including contributions)2015-12-31$-37,569,083
Total of all expenses incurred2015-12-31$80,992
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$4,120,917
Value of total assets at end of year2015-12-31$104,010,917
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$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$80,992
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-37,650,075
Value of net assets at end of year (total assets less liabilities)2015-12-31$-37,650,075
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
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
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
Assets. Invements in employer securities at end of year2015-12-31$99,890,000
Contributions received in cash from employer2015-12-31$4,120,917
Employer contributions (assets) at end of year2015-12-31$4,120,917
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
Liabilities. Value of acquisition indebtedness at end of year2015-12-31$141,580,000
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 name2015-12-31EIDE BAILLY LLP
Accountancy firm EIN2015-12-31450250958

Form 5500 Responses for NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2015: NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01First time form 5500 has been submittedYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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