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Natco Products Corporation
Plan RatingFORM 5500 DATA
Overview
Plan Information
- Plan Year01/01/2006 — 12/31/2006
- Date of Plan01/01/1988
- Net Assets as of 12/31/2006 $10,809,081
- Plan Number2
- 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) Participants254
- Retired or separated participants receiving benefits0
- Other retired or separated participants entitled to future benefits168
- Subtotal422
- Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
- Total422
- Total number of participants as of 01/01/2006490
- Number of participants with account balances415
- Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested16
- Number of participants required to be reported on Schedule SSA22
Expenses
- Total Benefit Payments$0
- Corrective Distributions$0
- Administrative Service Providers$0
- Other Expenses$0
- Total Expenses$0
- Total Transfers$0
Sponsor Information
- Address155 Brookside Ave
- CityWest Warwick
- StateRI
- Zip02893-3865
- Telephone(401) 828-0300
- EIN05-0188360
- Industry Code442210
- Named AdministratorMichael Litner
- Named Plan SponsorMichael Litner
Plan Administrator Information
- Administrator NameSAME
- Administrator EIN
Audit Information
- Audit StatusAudited
- AuditorAndsager, Bartlett & Pieroni, LLP
- Auditor EIN05-0479760
- 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. |
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 | $500,000 |
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 |
Financials
Income and Expense Statement
Income | $2,069,214 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Expenses | $1,408,749 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net Income | $660,465 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Asset and Liability Statement
12/31/2006 | 12/31/2005 | Change YOY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Assets | $10,809,081 | $10,148,616 | 6.51% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Liabilities | $0 | $0 | 0.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net Assets | $10,809,081 | $10,148,616 | 6.51% |
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 |
---|---|---|---|
Jh Lifestyle Balanced | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $1,398,854 |
Vs Real Est Securities | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $860,979 |
500 Index Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $859,339 |
Jh Lifestyle Conservative | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $699,487 |
Jh Lifestyle Growth | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $660,436 |
Vs Blue Chip Growth Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $660,308 |
Vs Science & Tech Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $544,641 |
Vs Equity Income Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $445,527 |
Vs Small Company Value Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $417,821 |
Vs Global Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $336,611 |
Money Market Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $325,523 |
Vs Value Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $303,921 |
Vs All Cap Core Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $303,443 |
Vs Int'L Value Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $275,932 |
Vs Strategic Opps Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $273,701 |
Vs Int'L Small Cap Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $197,938 |
Vs Emerging Small Co Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $143,467 |
Jh Lifestyle Aggressive | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $132,443 |
Vs High Yield Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $109,238 |
Vs Mid Cap Stock Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $98,417 |
Vs Us Gov'T Securities | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $87,453 |
Jh Lifestyle Moderate | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $86,231 |
Vs Pacific Rim Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $62,797 |
Int'L Equity Index Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $61,483 |
Vs Total Return Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $50,673 |
Small Cap Index Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $47,986 |
Vs Strategic Bond Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $44,119 |
Mid Cap Index Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $42,518 |
Vs Global Allocation Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $40,011 |
Vs Int'L Stock Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $28,764 |
Small Cap Opps Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $20,766 |
Vs Income & Value Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $18,373 |
Vs Global Bond | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $12,515 |
Vs Investment Qual Bond Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $10,514 |
Vs Capital Appreciation Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $3,823 |
Vs Dynamic Growth Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $2,595 |
Vs Active Bond Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $2,451 |
Vs All Cap Growth Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $399 |
Vs Us Core Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $379 |
Total Stock Market Index Fund | John Hancock Life Insurance (USA) | DFE: Pooled Separate Account | $193 |
Total | $9,672,069 |
Insurance Information
Insurance Information
Insurance Carrier Summary | Persons Covered | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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John Hancock Life Insurance Company (U.S.A.) | 415 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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