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FORM 5500 DATA

National Distributing Company, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan07/01/1995
  • Net Assets as of 12/31/2009 $30,385,375
  • Plan Number4
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2009

  • Active (Eligible) Participants712
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits257
  • Subtotal969
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total970
  • Total number of participants as of 01/01/2009917
  • Number of participants with account balances907
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested15

Expenses

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

Sponsor Information

  • AddressOne National Drive, SW
  • CityAtlanta
  • StateGA
  • Zip30336
  • Telephone(404) 696-9440
  • EIN58-0516238
  • Industry Code424800
  • Named AdministratorJay Davis

Plan Administrator Information

  • Administrator NameNational Distributing Company, Inc.
  • AddressOne National Drive, SW
  • CityAtlanta
  • StateGA
  • Zip30336
  • Telephone(404) 696-9440
  • Administrator EIN58-0516238

Audit Information

  • Audit StatusAudited
  • AuditorRobinson, Rabinowitz, Bernstein, Pc
  • Auditor EIN58-1407872
  • 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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 $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
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $8,513,104
Contributions $3,328,020
Cash Contributions $3,328,020
Cash from Employers $934,979
Cash from Participants $2,392,070
Others (including rollovers) $971
Noncash Contributions $0
Total Earnings on Investments $5,128,701
Total Interest $245,197
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $71,345
Interest from Other Investments $173,852
Total Dividends $193,653
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 $-232,320
Net investment gain (loss) from pooled separate accounts $3,508,494
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 $1,413,677
Other Income $56,383
Expenses $2,055,871
Total Benefit Payments $1,909,271
Directly to participants or beneficiaries, including direct rollovers $1,909,271
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $132,444
Certain deemed distributions of participant loans $-380
Interest expense $0
Total Administrative Expenses $14,536
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $14,536
Net Income $6,457,233
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $62,604

Asset and Liability Statement

12/31/2009 12/31/2008 Change YOY
Total Assets $30,385,375 $23,989,775 26.66%
Total noninterest-bearing cash $0 $0 0.0%
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 $965,731 $935,125 3.27%
Value of interest in common/collective trusts $6,048,188 $0 0.0%
Value of interest in pooled separate accounts $0 $23,054,650 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 $23,371,456 $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 $30,385,375 $23,989,775 26.66%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Jpmorgan Retirement Plan Services
  • Prudential Retirement Insurance and

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
Prudential Retirement Insurance and Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Other services, Direct payment from the plan, Shareholder servicing fees, Sub-transfer agency fees, Account maintenance fees, Securities brokerage commissions and fees N/A $5,580 $0 $5,580
Jpm Retirement Plan Services Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Shareholder servicing fees, Float revenue N/A $500 $0 $500
Prudential Investment Management SE Distribution (12b-1) fees N/A $0 $0 $0
The Prudential Insurance Company of Sub-transfer agency fees N/A $0 $0 $0
Total $6,080 $0 $6,080

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
J.P.Morgan Retirement Plan Services Allianz Global Investors Shareholder servicing fees From Begin of Oct To End of Dec 25 Bps Per Annum of The Avg. Net Assets for Allianz Nfj Small Cap Value-Admin $0
J.P.Morgan Retirement Plan Services American Fund Group Shareholder servicing fees From Begin of Oct To End of Dec 35 Bps Per Annum of The Avg. Net Assets for American Funds Capital World Grwth and Inc-R4 $0
J.P.Morgan Retirement Plan Services American Fund Group Shareholder servicing fees From Begin of Oct To End of Dec 35 Bps Per Annum of The Avg. Net Assets for American Funds Europacific Growth-R4 $0
J.P.Morgan Retirement Plan Services Artisan Funds Shareholder servicing fees From Begin of Oct To End of Dec 35 Bps Per Annum of The Avg. Net Assets for Artisan Mid Cap Value-Inv $0
J.P.Morgan Retirement Plan Services Columbia Management Services Shareholder servicing fees From Begin of Oct To End of Dec 15 Bps Per Annum of The Avg. Net Assets for Columbia Acorn Fund-A $0
J.P.Morgan Retirement Plan Services Eaton Vance Investments Shareholder servicing fees From Begin of Oct To End of Dec 50 Bps Per Annum of The Avg. Net Assets for Eaton Vance Large Cap Value-A $0
J.P.Morgan Retirement Plan Services Jpmorgan Funds Shareholder servicing fees From Begin of Oct To End of Dec 30 Bps Per Annum of The Avg. Net Assets for Jpmorgan Core Bond-Select $0
J.P.Morgan Retirement Plan Services Jpmorgan Funds Shareholder servicing fees From Begin of Oct To End of Dec 45 Bps Per Annum of The Avg. Net Assets for Jpmorgan High Yield-Select $0
J.P.Morgan Retirement Plan Services Jpmorgan Funds Shareholder servicing fees From Begin of Oct To End of Dec 22.5 Bps Per Annum of The Avg. Net Assets for Jpmorgan Stable Asset Income Fund-Inst $0
J.P.Morgan Retirement Plan Services Jpmorgan Funds Shareholder servicing fees From Begin of Oct To End of Dec 39.5 Bps Per Annum of The Avg. Net Assets for Jpmorgan Us Equity-Select $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees From Begin of Oct To End of Dec 60 Bps Per Annum of The Avg. Net Assets for Livestrong 2015 Port-American Century-Adv $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees From Begin of Oct To End of Dec 60 Bps Per Annum of The Avg. Net Assets for Livestrong 2020 Port-American Century-Adv $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees From Begin of Oct To End of Dec 60 Bps Per Annum of The Avg. Net Assets for Livestrong 2025 Port-American Century-Adv $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees From Begin of Oct To End of Dec 60 Bps Per Annum of The Avg. Net Assets for Livestrong 2030 Port-American Century-Adv $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees From Begin of Oct To End of Dec 60 Bps Per Annum of The Avg. Net Assets for Livestrong 2035 Port-American Century-Adv $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees From Begin of Oct To End of Dec 60 Bps Per Annum of The Avg. Net Assets for Livestrong 2040 Port-American Century-Adv $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees From Begin of Oct To End of Dec 60 Bps Per Annum of The Avg. Net Assets for Livestrong 2045 Port-American Century-Adv $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees From Begin of Oct To End of Dec 60 Bps Per Annum of The Avg. Net Assets for Livestrong 2050 Port-American Century-Adv $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees From Begin of Oct To End of Dec 60 Bps Per Annum of The Avg. Net Assets for Livestrong Income Port-American Century-Adv $0
J.P.Morgan Retirement Plan Services Mainstay Funds Shareholder servicing fees From Begin of Oct To End of Dec 50 Bps Per Annum of The Avg. Net Assets for Mainstay Large Cap Growth-R2 $0
J.P.Morgan Retirement Plan Services Oakmark Shareholder servicing fees From Begin of Oct To End of Dec 30 Bps Per Annum of The Avg. Net Assets for Oakmark Equity and Income-I $0
J.P.Morgan Retirement Plan Services Vankampen Shareholder servicing fees From Begin of Oct To End of Dec 40 Bps Per Annum of The Avg. Net Assets for Van Kampen Small Cap Growth-A $0
Prudential Retirement Insurance and Boston Financial Data Services, Inc Sub-transfer agency fees 35 Bps In Fund From Beg of Jan To End of April - Wells Far Adv Sm Cap Inv $0
Prudential Investment Management SE Goldamn, Sachs and Co. Distribution (12b-1) fees 25 Bps From Beg of Jan To End of Dec for Gold Sachs Mid Cap Val A $0
The Prudential Insurance Company of Goldman, Sachs and Co. Sub-transfer agency fees 45 Bps Invested In The Fund From Beg of Jan To End of Dec Gold Sachs Mid Cap Val A $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Jpmorgan Stable Asset Income Fund Jpmorgan Chase Bank, N.A. DFE: Common/Collective Trust $6,048,188
Large Cap Blend/Victory Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Hi Yield Bond/Caywood-Scholl Prudential Retirement Ins. DFE: Pooled Separate Account $0
Gold Sachs Mid Cap Val A Prudential Retirement Ins. DFE: Pooled Separate Account $0
Mid Cap Growth/Artisan Prudential Retirement Ins. DFE: Pooled Separate Account $0
Retirement Goal 2010 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Retirement Goal 2020 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Retirement Goal 2030 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Retirement Goal 2040 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Retirement Goal Income Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Reirement Goal 2050 Fd Prudential Retirement Ins. DFE: Pooled Separate Account $0
Small Cap Growth/Timesso Prudential Retirement Ins. DFE: Pooled Separate Account $0
Wells Fargo Adv Sm Cap Z Prudential Retirement Ins. DFE: Pooled Separate Account $0
Core Bond Enhan Index Prudential Retirement Ins. DFE: Pooled Separate Account $0
Lcv/Barrow Hanley Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Dryden S & P 500 Index Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Large Cap Growth/Turner Investment Prudential Retirement Ins. DFE: Pooled Separate Account $0
Intern Blend/Artio Prudential Retirement Ins. DFE: Pooled Separate Account $0
Total $6,048,188

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Insurance and Annuity Company 0
EIN 06-1050034
Industry Code 93629
Contract Number 037071
Contract Year 01/01/2009 — 09/30/2009
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 $5,364,334
Additions $1,830,615
Contributions Deposited during the year $498,986
Dividends and credits $173,852
Interest credited during the year $0
Transferred from separate account $933,441
Other $224,336
Total of Balance and Additions $7,194,949
Deductions $7,194,949
Disbursed from fund to pay benefits or purchase annuities during the year $6,756,778
Administration charge made by carrier $0
Transferred to Separate Account $245,754
Other $192,417
Balance at the end of the current year $0