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FORM 5500 DATA

National Distributing Company, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2010 — 12/31/2010
  • Date of Plan07/01/1995
  • Net Assets as of 12/31/2010 $34,681,940
  • 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
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2010

  • Active (Eligible) Participants668
  • Retired or separated participants receiving benefits63
  • Other retired or separated participants entitled to future benefits165
  • Subtotal896
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total897
  • Total number of participants as of 01/01/2010979
  • Number of participants with account balances839
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested54

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
  • Named Plan SponsorJay 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
2D Offset plan Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.

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 $1,000,000
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 $7,100,934
Contributions $3,394,616
Cash Contributions $3,394,616
Cash from Employers $924,590
Cash from Participants $2,385,720
Others (including rollovers) $84,306
Noncash Contributions $0
Total Earnings on Investments $3,706,318
Total Interest $59,609
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $59,609
Interest from Other Investments $0
Total Dividends $423,498
Preferred Stock $0
Common Stock $423,498
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 $313,859
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 $2,909,352
Other Income $0
Expenses $2,388,248
Total Benefit Payments $2,273,417
Directly to participants or beneficiaries, including direct rollovers $2,273,417
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $91,018
Certain deemed distributions of participant loans $20,726
Interest expense $0
Total Administrative Expenses $3,087
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $3,087
Net Income $4,712,686
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $424,390

Asset and Liability Statement

12/31/2010 12/31/2009 Change YOY
Total Assets $34,681,940 $30,385,375 14.14%
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 $1,127,735 $965,731 16.78%
Value of interest in common/collective trusts $6,243,952 $6,048,188 3.24%
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 $27,310,253 $23,371,456 16.85%
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 $34,681,940 $30,385,375 14.14%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Jpmorgan Retirement Plan Services

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
White Horse Advisors, LLC Investment advisory (plan), Consulting fees Consultant $8,656 $0 $8,656
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, Recordkeeping fees Recordkeeper $3,075 $0 $3,075
Securian Financial Services Investment advisory (plan), Consulting fees Consultant $2,721 $0 $2,721
Total $14,452 $0 $14,452

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 J.P. Morgan Funds Shareholder servicing fees Jpmorgan Us Equity-Select See Attachment $0
J.P.Morgan Retirement Plan Services Oakmark Shareholder servicing fees Oakmark Equity and Income-I See Attachment $0
J.P.Morgan Retirement Plan Services American Fund Group Shareholder servicing fees American Funds Europacific Growth-R4 See Attachment $0
J.P.Morgan Retirement Plan Services Columbia Management Investment Serv Shareholder servicing fees Columbia Acorn Fund-A See Attachment $0
J.P.Morgan Retirement Plan Services Columbia Management Investment Serv Shareholder servicing fees Columbia Acorn Fund-A See Attachment $0
J.P.Morgan Retirement Plan Services Columbia Management Investment Serv Shareholder servicing fees Columbia Acorn Fund-A See Attachment $0
J.P.Morgan Retirement Plan Services Columbia Management Investment Serv Shareholder servicing fees Columbia Acorn Fund-A See Attachment $0
J.P.Morgan Retirement Plan Services American Fund Group Shareholder servicing fees American Funds Capital World Growth and Income-R4 See Attachment $0
J.P.Morgan Retirement Plan Services J.P. Morgan Funds Shareholder servicing fees Jpmorgan Core Bond-Select See Attachment $0
J.P.Morgan Retirement Plan Services Allianz Global Investors Shareholder servicing fees Allianz Nfj Small Cap Value-Admin See Attachment $0
J.P.Morgan Retirement Plan Services J.P. Morgan Funds Shareholder servicing fees Jpmorgan Stable Asset Income Fund-Inst See Attachment $0
J.P.Morgan Retirement Plan Services J.P. Morgan Funds Shareholder servicing fees Jpmorgan High Yield-Select See Attachment $0
J.P.Morgan Retirement Plan Services Artisan Funds Shareholder servicing fees Artisan Mid Cap Value-Inv See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong Income Portfolio-American Century-Adv See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2045 Portfolio-American Century-Adv See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2035 Portfolio-American Century-Adv See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2025 Portfolio-American Century-Adv See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2015 Portfolio-American Century-Adv See Attachment $0
J.P.Morgan Retirement Plan Services Eaton Vance Investments Shareholder servicing fees Eaton Vance Large Cap Value-A See Attachment $0
J.P.Morgan Retirement Plan Services Vankampen Shareholder servicing fees Van Kampen Small Cap Growth-A See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2050 Portfolio-American Century-Adv See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2050 Portfolio-American Century-A See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2040 Portfolio-American Century-Adv See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2040 Portfolio-American Century-A See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2030 Portfolio-American Century-Adv See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2030 Portfolio-American Century-A See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2020 Portfolio-American Century-Adv See Attachment $0
J.P.Morgan Retirement Plan Services American Century Shareholder servicing fees Livestrong 2020 Portfolio-American Century-A See Attachment $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 $6,243,952
Total $6,243,952

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.