401k Plan data: FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN plan

FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN 401k Plan overview

Plan Name	FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN
Plan identification number	001

FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN Benefits

401k Plan Type

Defined 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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FORREST PAINT COMPANY has sponsored the creation of one or more 401k plans.

Company Name: FORREST PAINT COMPANY

Employer identification number (EIN): 930612986

NAIC Classification: 325500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 MARK FORREST 2023-10-16 MARK FORREST 2023-10-16
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01 MARK D. FORREST 2015-10-08
001 2013-01-01 MARK D. FORREST 2014-06-11
001 2012-01-01 MARK D. FORREST 2013-04-23
001 2011-01-01 MARK D. FORREST 2012-03-28
001 2009-01-01 JEANNE F. SAVAGE

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	MARK FORREST	2023-10-16	MARK FORREST	2023-10-16
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01	MARK D. FORREST	2015-10-08
001	2013-01-01	MARK D. FORREST	2014-06-11
001	2012-01-01	MARK D. FORREST	2013-04-23
001	2011-01-01	MARK D. FORREST	2012-03-28
001	2009-01-01	JEANNE F. SAVAGE

Plan Statistics for FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

401k plan membership statisitcs for FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

Measure Date Value
2022: FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 121
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 101
Number of retired or separated participants receiving benefits 2022-01-01 6
Number of other retired or separated participants entitled to future benefits 2022-01-01 11
Total of all active and inactive participants 2022-01-01 118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 118
Number of participants with account balances 2022-01-01 109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2009: FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 112
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 93
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 11
Total of all active and inactive participants 2009-01-01 104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 104
Number of participants with account balances 2009-01-01 85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2022: FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	121
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	101
Number of retired or separated participants receiving benefits	2022-01-01	6
Number of other retired or separated participants entitled to future benefits	2022-01-01	11
Total of all active and inactive participants	2022-01-01	118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	118
Number of participants with account balances	2022-01-01	109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2009: FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	112
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	93
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	11
Total of all active and inactive participants	2009-01-01	104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	104
Number of participants with account balances	2009-01-01	85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

Measure	Date	Value
2022 : FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$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	$13,684
Total income from all sources (including contributions)	2022-12-31	$-1,232,233
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$919,107
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$876,574
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$751,628
Value of total assets at end of year	2022-12-31	$9,040,569
Value of total assets at beginning of year	2022-12-31	$11,205,593
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$42,533
Total interest from all sources	2022-12-31	$7,044
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$29,631
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$29,631
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$524,935
Participant contributions at end of year	2022-12-31	$109,875
Participant contributions at beginning of year	2022-12-31	$114,967
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$751
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$5
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$13,684
Other income not declared elsewhere	2022-12-31	$1,923
Total non interest bearing cash at end of year	2022-12-31	$0
Total non interest bearing cash at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-2,151,340
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$9,040,569
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$11,191,909
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$14,420
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$1,470,291
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$1,725,428
Value of interest in pooled separate accounts at end of year	2022-12-31	$2,254,564
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$2,636,799
Interest on participant loans	2022-12-31	$7,044
Value of interest in common/collective trusts at end of year	2022-12-31	$5,198,419
Value of interest in common/collective trusts at beginning of year	2022-12-31	$6,727,648
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-268,812
Net investment gain/loss from pooled separate accounts	2022-12-31	$-675,482
Net investment gain or loss from common/collective trusts	2022-12-31	$-1,078,165
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$226,688
Employer contributions (assets) at end of year	2022-12-31	$7,420
Employer contributions (assets) at beginning of year	2022-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$876,574
Contract administrator fees	2022-12-31	$28,113
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	KERNUTT STOKES LLP
Accountancy firm EIN	2022-12-31	930396435
2010 : FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$1,000
Total income from all sources (including contributions)	2010-12-31	$879,688
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$708,699
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$706,709
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$198,839
Value of total assets at end of year	2010-12-31	$6,748,955
Value of total assets at beginning of year	2010-12-31	$6,578,966
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$1,990
Total interest from all sources	2010-12-31	$5,331
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$500,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$198,772
Participant contributions at end of year	2010-12-31	$47,350
Participant contributions at beginning of year	2010-12-31	$75,980
Participant contributions at end of year	2010-12-31	$0
Participant contributions at beginning of year	2010-12-31	$338
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$67
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2010-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2010-12-31	$1,000
Total non interest bearing cash at end of year	2010-12-31	$0
Total non interest bearing cash at beginning of year	2010-12-31	$1,071
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$170,989
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$6,748,955
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$6,577,966
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$6,701,605
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$6,501,142
Interest on participant loans	2010-12-31	$5,331
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$675,518
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Employer contributions (assets) at end of year	2010-12-31	$0
Employer contributions (assets) at beginning of year	2010-12-31	$435
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$706,709
Contract administrator fees	2010-12-31	$1,990
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	No
Opinion of an independent qualified public accountant for this plan	2010-12-31	Unqualified
Accountancy firm name	2010-12-31	MOSS ADAMS LLP
Accountancy firm EIN	2010-12-31	910189318
2009 : FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

2022: FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS 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 – Insurance	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2009: FORREST PAINT CO. PROFIT SHARING AND EMPLOYEE SAVINGS PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	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

711989

Policy instance

Insurance contract or identification number	711989
Number of Individuals Covered	119
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $2,704
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	2704
Additional information about fees paid to insurance broker	REFERRAL/SERVICE FEE
Insurance broker organization code?	3

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Company Name:	FORREST PAINT COMPANY
Employer identification number (EIN):	930612986
NAIC Classification:	325500