401k Plan data: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN plan

NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined 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.
The employer maintaining this ESOP is an S Corporation
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

NEW AMERICAN EMBROIDERY, INC. has sponsored the creation of one or more 401k plans.

Company Name: NEW AMERICAN EMBROIDERY, INC.

Employer identification number (EIN): 823930411

NAIC Classification: 315280
NAIC Description: Other Cut and Sew Apparel Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01 DAN THOMPSON 2021-09-22
002 2019-01-01 DAN THOMPSON 2020-09-24
002 2018-01-01 MICHAEL S MILLER 2019-08-27
002 2018-01-01 DAN THOMPSON 2019-09-11

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-01-01
002	2021-01-01
002	2020-01-01	DAN THOMPSON	2021-09-22
002	2019-01-01	DAN THOMPSON	2020-09-24
002	2018-01-01	MICHAEL S MILLER	2019-08-27
002	2018-01-01	DAN THOMPSON	2019-09-11

Plan Statistics for NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 46
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 34
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 13
Total of all active and inactive participants 2022-01-01 47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 2
Total participants 2022-01-01 49
Number of participants with account balances 2022-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 43
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 30
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 11
Total of all active and inactive participants 2021-01-01 41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 2
Total participants 2021-01-01 43
Number of participants with account balances 2021-01-01 43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 2
2020: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 44
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 32
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 9
Total of all active and inactive participants 2020-01-01 41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 2
Total participants 2020-01-01 43
Number of participants with account balances 2020-01-01 42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 9
2019: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 39
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 42
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 1
Total of all active and inactive participants 2019-01-01 43
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 44
Number of participants with account balances 2019-01-01 43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 43
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 37
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 1
Total of all active and inactive participants 2018-01-01 38
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 38
Number of participants with account balances 2018-01-01 38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0

Measure	Date	Value
2022: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	46
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	34
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	13
Total of all active and inactive participants	2022-01-01	47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	2
Total participants	2022-01-01	49
Number of participants with account balances	2022-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	43
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	30
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	11
Total of all active and inactive participants	2021-01-01	41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	2
Total participants	2021-01-01	43
Number of participants with account balances	2021-01-01	43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	2
2020: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	44
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	32
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	9
Total of all active and inactive participants	2020-01-01	41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	2
Total participants	2020-01-01	43
Number of participants with account balances	2020-01-01	42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	9
2019: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	39
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	42
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	1
Total of all active and inactive participants	2019-01-01	43
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	44
Number of participants with account balances	2019-01-01	43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	43
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	37
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	1
Total of all active and inactive participants	2018-01-01	38
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	38
Number of participants with account balances	2018-01-01	38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0

Financial Data on NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2022 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year	2022-12-31	$4,003,459
Total plan liabilities at beginning of year	2022-12-31	$4,200,673
Total income from all sources	2022-12-31	$273,111
Expenses. Total of all expenses incurred	2022-12-31	$115,371
Total plan assets at end of year	2022-12-31	$445,000
Total plan assets at beginning of year	2022-12-31	$484,474
Expenses. Other expenses not covered elsewhere	2022-12-31	$115,371
Other income received	2022-12-31	$-39,474
Net income (gross income less expenses)	2022-12-31	$157,740
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$-3,558,459
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$-3,716,199
Assets. Value of employer securities	2022-12-31	$445,000
Total contributions received or receivable from employer(s)	2022-12-31	$312,585
2021 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$4,200,673
Total plan liabilities at beginning of year	2021-12-31	$4,600,000
Total income from all sources	2021-12-31	$290,279
Expenses. Total of all expenses incurred	2021-12-31	$121,673
Benefits paid (including direct rollovers)	2021-12-31	$0
Total plan assets at end of year	2021-12-31	$484,474
Total plan assets at beginning of year	2021-12-31	$715,195
Expenses. Other expenses not covered elsewhere	2021-12-31	$121,673
Other income received	2021-12-31	$-70,195
Net income (gross income less expenses)	2021-12-31	$168,606
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$-3,716,199
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$-3,884,805
Assets. Value of employer securities	2021-12-31	$445,000
Total contributions received or receivable from employer(s)	2021-12-31	$360,474
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$4,600,000
Total plan liabilities at beginning of year	2020-12-31	$4,800,000
Total income from all sources	2020-12-31	$246,557
Expenses. Total of all expenses incurred	2020-12-31	$128,241
Total plan assets at end of year	2020-12-31	$715,195
Total plan assets at beginning of year	2020-12-31	$796,879
Expenses. Other expenses not covered elsewhere	2020-12-31	$128,241
Other income received	2020-12-31	$-80,068
Net income (gross income less expenses)	2020-12-31	$118,316
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$-3,884,805
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$-4,003,121
Assets. Value of employer securities	2020-12-31	$384,000
Total contributions received or receivable from employer(s)	2020-12-31	$326,625
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year	2019-12-31	$4,800,000
Total plan liabilities at beginning of year	2019-12-31	$5,000,000
Total income from all sources	2019-12-31	$-370,197
Expenses. Total of all expenses incurred	2019-12-31	$134,953
Total plan assets at end of year	2019-12-31	$796,879
Total plan assets at beginning of year	2019-12-31	$1,502,029
Expenses. Other expenses not covered elsewhere	2019-12-31	$134,953
Other income received	2019-12-31	$-680,735
Net income (gross income less expenses)	2019-12-31	$-505,150
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$-4,003,121
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$-3,497,971
Assets. Value of employer securities	2019-12-31	$461,926
Total contributions received or receivable from employer(s)	2019-12-31	$310,538
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year	2018-12-31	$5,000,000
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$-3,360,471
Expenses. Total of all expenses incurred	2018-12-31	$137,500
Total plan assets at end of year	2018-12-31	$1,502,029
Total plan assets at beginning of year	2018-12-31	$0
Expenses. Other expenses not covered elsewhere	2018-12-31	$137,500
Other income received	2018-12-31	$-3,697,971
Net income (gross income less expenses)	2018-12-31	$-3,497,971
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$-3,497,971
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$0
Assets. Value of employer securities	2018-12-31	$1,164,529
Total contributions received or receivable from employer(s)	2018-12-31	$337,500
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0

Form 5500 Responses for NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2022: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: NEW AMERICAN EMBROIDERY, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	First time form 5500 has been submitted	Yes
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NEW AMERICAN EMBROIDERY, INC.
Employer identification number (EIN):	823930411
NAIC Classification:	315280
NAIC Description:	Other Cut and Sew Apparel Manufacturing