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FORM 5500 DATA

3C Packaging, Inc. Safe Harbor 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2010
  • Net Assets as of 12/31/2017 $2,885,266
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants185
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits7
  • Subtotal192
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total192
  • Total number of participants as of 01/01/2017182
  • Number of participants with account balances114
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address1000 Ccc Drive
  • CityClayton
  • StateNC
  • Zip27520
  • Telephone(919) 553-4113
  • EIN56-1239085
  • Industry Code339900

Plan Administrator Information

  • Administrator Name3C Packaging, Inc.
  • Address1000 Ccc Drive
  • CityClayton
  • StateNC
  • Zip27520
  • Telephone(919) 553-4113
  • Administrator EIN56-1239085

Audit Information

  • Audit StatusAudited
  • AuditorThomas Judy & Tucker
  • Auditor EIN56-1965804
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
2K 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 contributions 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.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D 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.

Questions and Answers

Question Answer Amount
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
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $150,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
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? No

Financials

Income and Expense Statement

Income $955,619
Contributions $572,183
Cash Contributions $572,183
Cash from Employers $227,792
Cash from Participants $344,196
Others (including rollovers) $195
Noncash Contributions $0
Total Earnings on Investments $383,436
Total Interest $383,436
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $383,436
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $506,061
Total Benefit Payments $489,412
Directly to participants or beneficiaries, including direct rollovers $489,412
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $16,649
Professional Fees $16,649
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $449,558
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $2,885,266 $2,435,708 18.46%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $20,470 $16,242 26.03%
Employer Contributions $8,030 $6,536 22.86%
Participant Contributions $12,440 $9,706 28.17%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $0 $0 0.0%
Value of interest in common/collective trusts $169,137 $175,806 -3.79%
Value of interest in pooled separate accounts $2,695,659 $2,243,660 20.15%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $2,885,266 $2,435,708 18.46%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Lincoln National Corporation Contract Administrator Service Provider $9,915 $0 $9,915
Stadion Money Management Investment advisory (participants) Service Provider $4,259 $0 $4,259
RPSI Recordkeeping and information management (computing, tabulating, data processing, etc.) TPA $2,475 $0 $2,475
Total $16,649 $0 $16,649

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Lnl Lvip Managed Risk Profile 2030 Lincoln National Corporation DFE: Pooled Separate Account $753,781
Lnl Stadion Managed Growth Lincoln National Corporation DFE: Pooled Separate Account $365,673
Lnl Lvip Ssqa S&P 500 Index Lincoln National Corporation DFE: Pooled Separate Account $247,936
Lnl Vanguard Life Strag Mod Grwth F Lincoln National Corporation DFE: Pooled Separate Account $141,292
Lnl Stadion Managed Balanced Lincoln National Corporation DFE: Pooled Separate Account $128,029
Stadion Managed Maximum Growth Lincoln National Corporation DFE: Pooled Separate Account $115,532
Lnl Mfs Vit Growth Series Lincoln National Corporation DFE: Pooled Separate Account $114,249
Lnl Ssga Russell Small Cap Growth I Lincoln National Corporation DFE: Pooled Separate Account $111,682
Lnl Lvip Managed Risk Profile 2040 Lincoln National Corporation DFE: Pooled Separate Account $101,944
Lincoln Life Separate Account 4K Lincoln National Corporation DFE: Pooled Separate Account $90,659
Lnl Stadion Managed Moderate Lincoln National Corporation DFE: Pooled Separate Account $87,400
Lincoln Life Separate Account F9 Lincoln National Corporation DFE: Pooled Separate Account $52,563
Lnl Lvip Managed Risk Profile 2020 Lincoln National Corporation DFE: Pooled Separate Account $49,010
Lnl Vanguard Lifestrategy Growth Lincoln National Corporation DFE: Pooled Separate Account $47,695
Lnl Federated Gov Ultrashort Durati Lincoln National Corporation DFE: Pooled Separate Account $44,505
Lnl Ssga S&P Midcap Index Non-Lendi Lincoln National Corporation DFE: Pooled Separate Account $44,472
Lnl Oppenheimer Developing Markets Lincoln National Corporation DFE: Pooled Separate Account $43,296
Lnl Lvip Managed Risk Profile 2010 Lincoln National Corporation DFE: Pooled Separate Account $35,217
Lnl Vanguard Ls Conservat Grwth Fun Lincoln National Corporation DFE: Pooled Separate Account $34,894
Lnl Invesco Growth and Income Lincoln National Corporation DFE: Pooled Separate Account $32,893
Lnl Lvip Clarion Global Real Estate Lincoln National Corporation DFE: Pooled Separate Account $15,931
Lnl Blackrock Inf Protected Bond Lincoln National Corporation DFE: Pooled Separate Account $14,454
Llnl Lvip Ssga International Index Lincoln National Corporation DFE: Pooled Separate Account $9,486
Lnl Lvip Managed Risk Profile 2050 Lincoln National Corporation DFE: Pooled Separate Account $6,029
Lnl Lvip Ssga Bond Index Lincoln National Corporation DFE: Pooled Separate Account $4,343
Lnl Ssga Russell Small Cap Value In Lincoln National Corporation DFE: Pooled Separate Account $2,694
Total $2,695,659

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Co. 116
EIN 35-0472300
Industry Code 65676
Contract Number GP 17309
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $169,137
Value in Separate Accounts at Year End $2,695,659
Insurance Fees and Commissions $6,503
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Lincoln Financial Securities One Granite Pl 4S Concord, NH 03301 Agent or Broker other than Insurance $6,503 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract GROUP VAR ANNUITY W/GUAR FUND
Balance at the end of the previous year $175,806
Additions $47,925
Contributions Deposited during the year $38,521
Dividends and credits $0
Interest credited during the year $2,582
Transferred from separate account $6,822
Other $0
Total of Balance and Additions $223,731
Deductions $54,594
Disbursed from fund to pay benefits or purchase annuities during the year $21,808
Administration charge made by carrier $655
Transferred to Separate Account $0
Other $32,131
Balance at the end of the current year $169,137