Naval Coating, Inc. 401K Plan | 2010 Form 5500 by BrightScope

Company:

Naval Coating, Inc.

Plan:

Naval Coating, Inc. 401K Plan

Plan Information
Plan Year	01/01/2010 — 12/31/2010
Effective Date of Plan	01/01/2000
Net Assets as of 12/31/2010	$661,241
Plan Number	1
Plan Type	Single Employer
Did the plan file for an extension of time or the DFVC Program?	Yes

Participant Information as of 12/31/2010
Total	29
Total number of participants as of 01/01/2010	29
Number of participants with account balances	16

Financial Information as of 12/31/2010
Total Assets (EOY)	$661,241
Total Liabilities (EOY)	$0
Net Assets (EOY)	$661,241
Financial Information as of 01/01/2010
Total Assets (BOY)	$725,577
Total Liabilities (BOY)	$0
Net Assets (BOY)	$725,577
Income
Cash from Employers	$0
Cash from Participants	$56,240
Others (including rollovers)	$0
Other Income	$45,058
Total Income	$101,298
Net Income	$-64,336
Expenses
Total Benefit Payments	$162,755
Corrective Distributions	$0
Administrative Service Providers	$2,879
Other Expenses	$0
Total Expenses	$165,634
Total Transfers	$0

Plan Administrator Information
Administrator Name	Naval Coating, Inc.
Address	3475 E. Street San Diego, CA 92102
Telephone	(619) 234-8366
Administrator EIN	94-1695087

Benefits Provided Under the Plan
Code	Benefit	Description
2E	Profit-sharing	A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F	ERISA section 404(c) Plan	This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G	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.
2J	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.

Question		Answer	Amount
1.	During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102?	No
2.	Were there any nonexempt transactions with any party-in-interest?	No
3.	Was this plan covered by a fidelity bond?	Yes	$67,000
4.	Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty?	No
5.	Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC?	No
6.	Has the plan failed to provide any benefit when due under the plan?	No
7.	If this is an individual account plan, was there a blackout period?	No
8.	If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3?