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FORM 5500 DATA

Kanawha Scales & Systems, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan12/31/1976
  • Net Assets as of 12/31/2009 $7,085,053
  • 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 12/31/2009

  • Active (Eligible) Participants159
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits64
  • Subtotal223
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total223
  • Total number of participants as of 01/01/2009216
  • Number of participants with account balances200
  • 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

  • AddressP.O.Box 569
  • CityPOCA
  • StateWV
  • Zip25159
  • Telephone(304) 755-8321
  • EIN55-0516017
  • Industry Code423800
  • Named AdministratorRobert W Foy
  • Named Plan SponsorRobert W. Foy

Plan Administrator Information

  • Administrator NameKanawha Scales & Systems Inc.
  • AddressP.O.Box 569
  • CityPOCA
  • StateWV
  • Zip25159
  • Telephone(304) 755-8321
  • Administrator EIN55-0516017

Audit Information

  • Audit StatusAudited
  • AuditorArnett & Foster PLLC
  • Auditor EIN55-0486667
  • 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.

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 $300,000
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 $1,974,824
Contributions $711,885
Cash Contributions $711,885
Cash from Employers $130,771
Cash from Participants $546,476
Others (including rollovers) $34,638
Noncash Contributions $0
Total Earnings on Investments $1,262,939
Total Interest $3,624
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,624
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 $0
Net investment gain (loss) from pooled separate accounts $1,259,315
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 $105,415
Total Benefit Payments $105,223
Directly to participants or beneficiaries, including direct rollovers $105,223
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 $192
Professional Fees $192
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,869,409
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2009 12/31/2008 Change YOY
Total Assets $7,085,053 $5,215,644 35.84%
Total noninterest-bearing cash $1,367 $4,860 -71.87%
Receivables $0 $35,619 0.0%
Employer Contributions $0 $7,001 0.0%
Participant Contributions $0 $28,019 0.0%
Other Contributions $0 $599 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 $58,600 $65,655 -10.75%
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 $5,388,696 $3,568,767 51.00%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $1,636,390 $1,540,743 6.21%
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 $7,085,053 $5,215,644 35.84%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Insurance Company

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $1,636,390
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $953,565
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $558,655
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $444,922
Mutual Hancock Usa-Dicovery John Hancock USA DFE: Pooled Separate Account $386,243
Riversource Mid Cap Value John Hancock USA DFE: Pooled Separate Account $347,308
Mutual Beacon John Hancock USA DFE: Pooled Separate Account $337,701
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $323,764
Energy John Hancock USA DFE: Pooled Separate Account $240,153
Small Cap Opportunities Fund John Hancock USA DFE: Pooled Separate Account $169,114
Utilites Fund John Hancock USA DFE: Pooled Separate Account $151,404
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $148,369
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $145,693
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $137,081
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $124,546
Dfa International Value John Hancock USA DFE: Pooled Separate Account $121,246
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $117,665
Small Gap Growth Index John Hancock USA DFE: Pooled Separate Account $112,130
Core Bond Fund John Hancock USA DFE: Pooled Separate Account $105,916
Large Cap Fund John Hancock USA DFE: Pooled Separate Account $100,226
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $88,806
Dfa Emerging Markets John Hancock USA DFE: Pooled Separate Account $84,598
Natural Resourses Fund John Hancock USA DFE: Pooled Separate Account $50,424
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $24,722
Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $19,664
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $14,884
Value Index Fund John Hancock USA DFE: Pooled Separate Account $11,206
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $10,788
Blackrock Large Value John Hancock USA DFE: Pooled Separate Account $9,387
U.S High Yield Bond Fund John Hancock USA DFE: Pooled Separate Account $8,527
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $7,899
International Opps Fund John Hancock USA DFE: Pooled Separate Account $7,593
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $6,853
500 Index Fund John Hancock USA DFE: Pooled Separate Account $6,175
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $5,147
Growth Index Fund John Hancock USA DFE: Pooled Separate Account $1,516
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $1,363
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $1,336
Value Fund John Hancock USA DFE: Pooled Separate Account $1,214
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $526
Mid-Cap Value Index Fund John Hancock USA DFE: Pooled Separate Account $366
Total $7,025,085

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company U.S.A 206
EIN 01-0233346
Industry Code 65838
Contract Number 68839
Contract Year 01/01/2009 — 12/31/2009
Value in General Account at Year End $0
Value in Separate Accounts at Year End $7,025,086
Insurance Fees and Commissions $20,705
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Money Concepts Capital Corp. 11440 North Jog Road Palm Beach Gardens, FL 33418 Insurance Agent or Broker $14,807 $0
Benefit Solutions, Inc. 5960 Us Route 60 Suite 1 Barboursville, WV 25504 Third Party Administrator $0 $5,884 ADMINISTRATIVE FEES
Vanguard Group P.O. Box 1110 Valley Forge, PA 19482 Investment Company/Mutual Fund $0 $14 REDEMPTION FEES
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0