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FORM 5500 DATA

Tom Smith Industries, Inc. Employee Savings and Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan03/01/1996
  • Net Assets as of 12/31/2006 $1,324,937
  • 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 12/31/2006

  • Active (Eligible) Participants118
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits13
  • Subtotal131
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total132
  • Total number of participants as of 01/01/2006132
  • Number of participants with account balances84
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested7
  • Number of participants required to be reported on Schedule SSA6

Expenses

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

Sponsor Information

  • Address500 Smith Dr
  • CityClayton
  • StateOH
  • Zip45315-8788
  • Telephone(937) 832-1555
  • EIN31-0999811
  • Industry Code326100
  • Named AdministratorJohn Shay
  • Named Plan SponsorJohn Shay

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Plan Preparer Information

  • Preparer NameClark, Schaefer, Hackett & Co.
  • Address160 North Breiel Boulevard
  • City Middletown
  • StateOH
  • Zip45042
  • Telephone(513) 424-5000
  • Preparer EIN31-0800053

Audit Information

  • Audit StatusAudited
  • AuditorClark, Schaefer, Hackett & Co.
  • Auditor EIN31-0800053
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

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.
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.
3E Prototype plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a separate funding medium (for example, a separate trust or custodial account) is established for the use of each adopting employer.

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? No
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

Financials

Income and Expense Statement

Income $276,323
Contributions $188,978
Cash Contributions $188,978
Cash from Employers $30,866
Cash from Participants $158,112
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $87,345
Total Interest $0
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 $0
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 $32,907
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 $54,438
Other Income $0
Expenses $52,587
Total Benefit Payments $52,587
Directly to participants or beneficiaries, including direct rollovers $52,587
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 $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $223,736
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $1,324,937 $1,101,201 20.32%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $6,916 $10,255 -32.56%
Employer Contributions $1,115 $1,685 -33.83%
Participant Contributions $5,801 $8,570 -32.31%
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 $756,760 $0 0.0%
Value of interest in pooled separate accounts $0 $1,000,585 -100.00%
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 $551,727 $0 0.0%
Value of funds held in insurance co. general account $0 $90,361 -100.00%
Other Investments $9,534 $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 $1,324,937 $1,101,201 20.32%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Fifth Third Stable Value Fund (B) Fifth Third DFE: Common/Collective Trust $756,760
Ab Vps Small/Mid Cap Value Lincoln National Insurance Co DFE: Pooled Separate Account $0
Ab Vps Global Tech Lincoln National Insurance Co DFE: Pooled Separate Account $0
Ab Vps Large Cap Growth Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Af New Perspective Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Conservative Balanced Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Templeton Growth Securities Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Scudder Vit Small Cap Index Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Neuberger Berman Mid-Cap Growth Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Afis International Lincoln National Insurance Co DFE: Pooled Separate Account $0
Fidelity Vip Growth Lincoln National Insurance Co DFE: Pooled Separate Account $0
Fidelity Vip Overseas Lincoln National Insurance Co DFE: Pooled Separate Account $0
Blackrock Mid-Cap Value Equity Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Blackrock Large Cap Value Equity Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Blackrock Global Resources Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Blackrock Small-Mid Cap Growth Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Blackrock Aurora Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Delaware Value Funds Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Delaware Vip Emerging Markets Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Mfs Vit Utilities Series Lincoln National Insurance Co DFE: Pooled Separate Account $0
Social Awareness Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Fidelity Vip Equity-Income Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Janus Aspen Series Large Cap Growth Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Medium Capitalization Equity Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Balanced Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Afis Growth & Income Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Small Capitalization Equity Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Government/Corporate Bond Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Core Equity Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Afis Growth Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
High Yield Bond Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Neuberger Berman Amt Regency Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Large Captialization Equity Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Delaware Vip Small Cap Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Delaware Vip Reit Series Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Fidelity Vip Contrafund Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Aggressive Balanced Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Scudder Vit Equity 500 Index Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Delaware Growth & Income Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
International Equity Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Value Equity Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Short Term Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Total $756,760

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Co. 84
EIN 35-0472300
Industry Code 65676
Contract Number GP89177
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $5,170
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Cambridge Investment Research 1776 Pleasant Plain Road Fairfield, IA 52556 -8757 Agent or Broker other than Insurance $4,400 $0
Lincoln Financial Advisors 1300 South Clinton Street Fort Wayne, IN 46802 -9999 Agent or Broker other than Insurance $0 $770 SALES AWARD
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
Balance at the end of the previous year $90,361
Additions $24,391
Contributions Deposited during the year $21,367
Dividends and credits $0
Interest credited during the year $2,590
Transferred from separate account $434
Other $0
Total of Balance and Additions $114,752
Deductions $114,752
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $114,752
Other $0
Balance at the end of the current year $0