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FORM 5500 DATA

Numark International, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2010 — 12/31/2010
  • Date of Plan01/01/1996
  • Net Assets as of 12/31/2010 $2,554,343
  • 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 12/31/2010

  • Active (Eligible) Participants107
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits35
  • Subtotal142
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total142
  • Total number of participants as of 01/01/2010163
  • Number of participants with account balances84
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested5

Expenses

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

Sponsor Information

  • Address200 Scenic View Drive
  • CityCumberland
  • StateRI
  • Zip02864-1847
  • Telephone(401) 658-3131
  • EIN52-1784750
  • Industry Code811210
  • Named AdministratorPaul Stansky

Plan Administrator Information

  • Administrator NameNumark International, Inc.
  • Address200 Scenic View Drive
  • CityCumberland
  • StateRI
  • Zip02864-1847
  • Telephone(401) 658-3131
  • Administrator EIN52-1784750

Audit Information

  • Audit StatusAudited
  • AuditorStowe & Degon LLC
  • Auditor EIN04-3379904
  • 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.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $200,000
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 $917,500
Contributions $593,791
Cash Contributions $593,791
Cash from Employers $234,044
Cash from Participants $257,163
Others (including rollovers) $102,584
Noncash Contributions $0
Total Earnings on Investments $323,709
Total Interest $165
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 $165
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 $323,544
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 $212,004
Total Benefit Payments $169,023
Directly to participants or beneficiaries, including direct rollovers $169,023
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $31,965
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $11,016
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $11,016
Net Income $705,496
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2010 12/31/2009 Change YOY
Total Assets $2,554,343 $1,848,847 38.16%
Total noninterest-bearing cash $6,399 $1,905 235.91%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
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 $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
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 $2,539,279 $1,840,472 37.97%
Value of funds held in insurance co. general account $8,665 $6,470 33.93%
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 $2,554,343 $1,848,847 38.16%

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
John Hancock USA Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan N/A $11,016 $0 $11,016
Total $11,016 $0 $11,016

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
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $430,852
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $425,827
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $371,097
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $175,777
500 Index Fund John Hancock USA DFE: Pooled Separate Account $113,337
American Century Vista John Hancock USA DFE: Pooled Separate Account $66,836
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $62,871
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $58,234
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $57,355
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $53,907
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $51,956
Columbia Value & Restructuring John Hancock USA DFE: Pooled Separate Account $50,428
Mfs Utilities John Hancock USA DFE: Pooled Separate Account $45,132
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $39,349
Davis New York Venture John Hancock USA DFE: Pooled Separate Account $37,998
Retirement Living At 2035 John Hancock USA DFE: Pooled Separate Account $35,095
Retirement Living At 2030 John Hancock USA DFE: Pooled Separate Account $32,700
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $32,630
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $32,184
Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $30,594
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $28,381
Retirement Living At 2025 John Hancock USA DFE: Pooled Separate Account $24,944
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $24,871
International Value Fund John Hancock USA DFE: Pooled Separate Account $24,675
Financial Services Fund John Hancock USA DFE: Pooled Separate Account $23,776
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $21,856
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $21,065
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $20,530
Pimco Total Return John Hancock USA DFE: Pooled Separate Account $16,567
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $16,357
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $13,796
Retirement Living At 2045 John Hancock USA DFE: Pooled Separate Account $13,076
Inv Small Cap Growth John Hancock USA DFE: Pooled Separate Account $10,917
Retirement Living At 2040 John Hancock USA DFE: Pooled Separate Account $9,318
Lm Westrn Asset Glb High Yield John Hancock USA DFE: Pooled Separate Account $8,828
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $8,352
Mutual Beacon John Hancock USA DFE: Pooled Separate Account $7,758
Short-Term Federal John Hancock USA DFE: Pooled Separate Account $7,271
Jpm Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $6,096
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $5,054
Optimized All Cap Fund John Hancock USA DFE: Pooled Separate Account $3,886
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $3,780
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $3,537
Money Market Fund John Hancock USA DFE: Pooled Separate Account $3,343
Blackrock Large Value John Hancock USA DFE: Pooled Separate Account $3,222
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $2,379
Retirement Living At 2020 John Hancock USA DFE: Pooled Separate Account $1,161
Templeton World John Hancock USA DFE: Pooled Separate Account $324
Davis Financial John Hancock USA DFE: Pooled Separate Account $0
Jennison Growth John Hancock USA DFE: Pooled Separate Account $0
All Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Total $2,539,279

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company U.S.A 97
EIN 01-0233346
Industry Code 65838
Contract Number 15166
Contract Year 01/01/2010 — 12/31/2010
Value in General Account at Year End $8,665
Value in Separate Accounts at Year End $2,539,279
Insurance Fees and Commissions $6,305
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Starkweather & Shepley 60 Catamore Blvd. East Providence, RI 02914 Insurance Agent or Broker $5,253 $0
Sentinel Benefits Group Inc 55 Walkers Brook Drive Reading, MA 01867 Third Party Administrator $0 $1,052 TPA COMPENSATION
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 Guaranteed Investment
Balance at the end of the previous year $6,470
Additions $4,437
Contributions Deposited during the year $4,271
Dividends and credits $0
Interest credited during the year $165
Transferred from separate account $0
Other $1
Total of Balance and Additions $10,907
Deductions $2,242
Disbursed from fund to pay benefits or purchase annuities during the year $2,201
Administration charge made by carrier $41
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $8,665