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LOFTIN EQUIPMENT COMPANY 401(K) PLAN 401k Plan overview

Plan NameLOFTIN EQUIPMENT COMPANY 401(K) PLAN
Plan identification number 001

LOFTIN EQUIPMENT COMPANY 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.
  • 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

LOFTIN EQUIPMENT COMPANY has sponsored the creation of one or more 401k plans.

Company Name:LOFTIN EQUIPMENT COMPANY
Employer identification number (EIN):860041520
NAIC Classification:333610

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LOFTIN EQUIPMENT COMPANY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01LUKE LIVAK LUKE LIVAK2018-10-12

Plan Statistics for LOFTIN EQUIPMENT COMPANY 401(K) PLAN

401k plan membership statisitcs for LOFTIN EQUIPMENT COMPANY 401(K) PLAN

Measure Date Value
2022: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01245
Total number of active participants reported on line 7a of the Form 55002022-01-01212
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0180
Total of all active and inactive participants2022-01-01292
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01292
Number of participants with account balances2022-01-01273
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01195
Total number of active participants reported on line 7a of the Form 55002021-01-01190
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0155
Total of all active and inactive participants2021-01-01245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01245
Number of participants with account balances2021-01-01227
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01184
Total number of active participants reported on line 7a of the Form 55002020-01-01158
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0137
Total of all active and inactive participants2020-01-01195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01195
Number of participants with account balances2020-01-01182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-013
2019: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01160
Total number of active participants reported on line 7a of the Form 55002019-01-01165
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0119
Total of all active and inactive participants2019-01-01184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01184
Number of participants with account balances2019-01-01167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01153
Total number of active participants reported on line 7a of the Form 55002018-01-01134
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0126
Total of all active and inactive participants2018-01-01160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01160
Number of participants with account balances2018-01-01135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01130
Total number of active participants reported on line 7a of the Form 55002017-01-01129
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0123
Total of all active and inactive participants2017-01-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01152
Number of participants with account balances2017-01-01119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on LOFTIN EQUIPMENT COMPANY 401(K) PLAN

Measure Date Value
2022 : LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$8,948
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,071,980
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,017,702
Expenses. Certain deemed distributions of participant loans2022-12-31$23,869
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,503,362
Value of total assets at end of year2022-12-31$9,583,705
Value of total assets at beginning of year2022-12-31$10,646,737
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$30,409
Total interest from all sources2022-12-31$35,666
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$61,951
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$61,951
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$922,706
Participant contributions at end of year2022-12-31$409,972
Participant contributions at beginning of year2022-12-31$336,387
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$472
Other income not declared elsewhere2022-12-31$-1,145
Administrative expenses (other) incurred2022-12-31$30,409
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,063,032
Value of net assets at end of year (total assets less liabilities)2022-12-31$9,583,705
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$10,646,737
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$359,732
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$8,318,624
Interest on participant loans2022-12-31$18,395
Interest earned on other investments2022-12-31$17,271
Value of interest in common/collective trusts at end of year2022-12-31$8,814,001
Value of interest in common/collective trusts at beginning of year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$85
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$85
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$1,990,911
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,952,197
Net investment gain or loss from common/collective trusts2022-12-31$361,311
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$580,656
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$258
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,017,702
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31Yes
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BAKER TILLY LP
Accountancy firm EIN2022-12-31390859910
2021 : LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$3,000,470
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$460,659
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$377,010
Expenses. Certain deemed distributions of participant loans2021-12-31$59,527
Value of total corrective distributions2021-12-31$3,647
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,956,054
Value of total assets at end of year2021-12-31$10,646,737
Value of total assets at beginning of year2021-12-31$8,106,926
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$20,475
Total interest from all sources2021-12-31$14,808
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$157,105
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$157,105
Administrative expenses professional fees incurred2021-12-31$20,475
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$787,131
Participant contributions at end of year2021-12-31$336,387
Participant contributions at beginning of year2021-12-31$261,811
Participant contributions at end of year2021-12-31$472
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$617,011
Other income not declared elsewhere2021-12-31$22,604
Total non interest bearing cash at beginning of year2021-12-31$21,421
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,539,811
Value of net assets at end of year (total assets less liabilities)2021-12-31$10,646,737
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$8,106,926
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$8,318,624
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$6,019,346
Interest on participant loans2021-12-31$14,808
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$85
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$85
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$85
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$1,990,911
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$1,804,263
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$849,899
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$551,912
Employer contributions (assets) at end of year2021-12-31$258
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$377,010
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31HENRY & HORNE, LLP
Accountancy firm EIN2021-12-31860133881
2020 : LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$2,105,378
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$847,516
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$770,459
Expenses. Certain deemed distributions of participant loans2020-12-31$58,091
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,235,184
Value of total assets at end of year2020-12-31$8,106,926
Value of total assets at beginning of year2020-12-31$6,849,064
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$18,966
Total interest from all sources2020-12-31$20,123
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$148,336
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$148,336
Administrative expenses professional fees incurred2020-12-31$18,966
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$648,190
Participant contributions at end of year2020-12-31$261,811
Participant contributions at beginning of year2020-12-31$369,284
Participant contributions at beginning of year2020-12-31$20,316
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$166,576
Other income not declared elsewhere2020-12-31$17,177
Total non interest bearing cash at end of year2020-12-31$21,421
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,257,862
Value of net assets at end of year (total assets less liabilities)2020-12-31$8,106,926
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$6,849,064
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$6,019,346
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$5,270,700
Interest on participant loans2020-12-31$20,123
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$85
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$1
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$1
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$1,804,263
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$1,174,419
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$684,558
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$420,418
Employer contributions (assets) at beginning of year2020-12-31$14,344
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$770,459
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31HENRY & HORNE, LLP
Accountancy firm EIN2020-12-31860133881
2019 : LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,371,554
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$331,985
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$291,110
Expenses. Certain deemed distributions of participant loans2019-12-31$11,209
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,341,939
Value of total assets at end of year2019-12-31$6,849,064
Value of total assets at beginning of year2019-12-31$4,809,495
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$29,666
Total interest from all sources2019-12-31$20,312
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$78,100
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$78,100
Administrative expenses professional fees incurred2019-12-31$29,666
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$645,424
Participant contributions at end of year2019-12-31$369,284
Participant contributions at beginning of year2019-12-31$273,021
Participant contributions at end of year2019-12-31$20,316
Participant contributions at beginning of year2019-12-31$17,812
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$278,176
Other income not declared elsewhere2019-12-31$18,907
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,039,569
Value of net assets at end of year (total assets less liabilities)2019-12-31$6,849,064
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$4,809,495
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$5,270,700
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,702,665
Interest on participant loans2019-12-31$20,312
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$1
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$1
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$1,174,419
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$803,936
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$912,296
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$418,339
Employer contributions (assets) at end of year2019-12-31$14,344
Employer contributions (assets) at beginning of year2019-12-31$12,060
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$291,110
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31HENRY & HORNE, LLP
Accountancy firm EIN2019-12-31860133881
2018 : LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$641,385
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$284,672
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$255,835
Expenses. Certain deemed distributions of participant loans2018-12-31$21,469
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$878,079
Value of total assets at end of year2018-12-31$4,809,495
Value of total assets at beginning of year2018-12-31$4,452,782
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$7,368
Total interest from all sources2018-12-31$13,270
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$65,860
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$65,860
Administrative expenses professional fees incurred2018-12-31$7,368
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$518,401
Participant contributions at end of year2018-12-31$273,021
Participant contributions at beginning of year2018-12-31$261,834
Participant contributions at end of year2018-12-31$17,812
Participant contributions at beginning of year2018-12-31$15,291
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$36,895
Other income not declared elsewhere2018-12-31$10,910
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$356,713
Value of net assets at end of year (total assets less liabilities)2018-12-31$4,809,495
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,452,782
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$3,702,665
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$3,827,593
Interest on participant loans2018-12-31$13,270
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$1
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$34
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$34
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$803,936
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$338,138
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-326,734
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$322,783
Employer contributions (assets) at end of year2018-12-31$12,060
Employer contributions (assets) at beginning of year2018-12-31$9,892
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$255,835
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31HENRY & HORNE, LLP
Accountancy firm EIN2018-12-31860133881
2017 : LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$3,626,070
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$1,289,863
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$463,151
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$441,130
Expenses. Certain deemed distributions of participant loans2017-12-31$15,187
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$850,127
Value of total assets at end of year2017-12-31$4,452,782
Value of total assets at beginning of year2017-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$6,834
Total interest from all sources2017-12-31$6,972
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$53,881
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$53,881
Administrative expenses professional fees incurred2017-12-31$6,834
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$423,645
Participant contributions at end of year2017-12-31$261,834
Participant contributions at end of year2017-12-31$15,291
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$166,071
Other income not declared elsewhere2017-12-31$4,912
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$826,712
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,452,782
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$3,827,593
Interest on participant loans2017-12-31$6,972
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$34
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$338,138
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$373,971
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$260,411
Employer contributions (assets) at end of year2017-12-31$9,892
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$441,130
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31HENRY & HORNE, LLP
Accountancy firm EIN2017-12-31860133881

Form 5500 Responses for LOFTIN EQUIPMENT COMPANY 401(K) PLAN

2022: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: LOFTIN EQUIPMENT COMPANY 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01First time form 5500 has been submittedYes
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract numberGA-63970
Policy instance 1
Insurance contract or identification numberGA-63970
Number of Individuals Covered0
Insurance policy start date2022-01-01
Insurance policy end date2022-10-17
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract numberGA-63970
Policy instance 1
Insurance contract or identification numberGA-63970
Number of Individuals Covered18
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract numberGA-63970
Policy instance 1
Insurance contract or identification numberGA-63970
Number of Individuals Covered16
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract numberGA-63970
Policy instance 1
Insurance contract or identification numberGA-63970
Number of Individuals Covered14
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract numberGA-63970
Policy instance 1
Insurance contract or identification numberGA-63970
Number of Individuals Covered11
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract numberGA-63970
Policy instance 1
Insurance contract or identification numberGA-63970
Number of Individuals Covered12
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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