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FORM 5500 DATA

National Distributing Company, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2013 — 12/31/2013
  • Date of Plan07/01/1995
  • Net Assets as of 12/31/2013 $49,561,009
  • 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 12/31/2013

  • Active (Eligible) Participants726
  • Retired or separated participants receiving benefits104
  • Other retired or separated participants entitled to future benefits156
  • Subtotal986
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits4
  • Total990
  • Total number of participants as of 01/01/2013944
  • Number of participants with account balances965
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested70

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

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 $5,000,000
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 $11,273,408
Contributions $3,322,040
Cash Contributions $3,322,040
Cash from Employers $959,103
Cash from Participants $2,337,402
Others (including rollovers) $25,535
Noncash Contributions $0
Total Earnings on Investments $7,918,430
Total Interest $65,293
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $65,293
Interest from Other Investments $0
Total Dividends $1,850,755
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 $-35,325
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 $6,037,707
Other Income $32,938
Expenses $3,023,574
Total Benefit Payments $2,972,633
Directly to participants or beneficiaries, including direct rollovers $2,972,633
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $4,257
Interest expense $0
Total Administrative Expenses $46,684
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $18,810
Other Administrative Fees $27,874
Net Income $8,249,834
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $79,573

Asset and Liability Statement

12/31/2013 12/31/2012 Change YOY
Total Assets $49,561,009 $41,004,838 20.87%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $36 $0 0.0%
Employer Contributions $11 $0 0.0%
Participant Contributions $25 $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 $1,616,784 $1,321,426 22.35%
Value of interest in common/collective trusts $7,338,570 $7,114,930 3.14%
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 $40,605,619 $32,568,482 24.68%
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 $5,000 -100.00%
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 $5,000 0.0%
Net Assets $49,561,009 $40,999,838 20.88%

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 Consulting (general), Investment advisory (plan) NONE $18,810 $0 $18,810
Legacy Executive Benefits LLC Consulting (general) NONE $16,505 $0 $16,505
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 NONE $10,407 $0 $10,407
Arnall Golden Gregory LLP Legal NONE $962 $0 $962
Total $46,684 $0 $46,684

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 Allianzgi Nfj Small Cap Value-Admin Shareholder servicing fees January 2013 To December 2013 35 Basis Points $0
J.P.Morgan Retirement Plan Services Artisan Mid Cap Value-Inv Shareholder servicing fees January 2013 To December 2013 35 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Smartretirement 2015-Inst Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Smartretirement 2020-Inst Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Smartretirement 2030-Inst Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Smartretirement 2040-Inst Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services Mainstay Large Cap Growth-I Shareholder servicing fees January 2013 To December 2013 25 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Smartretirement 2025-Inst Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Smartretirement 2035-Inst Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Smartretirement 2045-Inst Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Smartretirement 2050-Inst Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services American Funds Capital World Growth Shareholder servicing fees January 2013 To December 2013 5 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Us Equity-R5 Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan High Yield-R5 Shareholder servicing fees January 2013 To December 2013 15 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Smartretirement Income-Ins Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Smartretirement 2055-Inst Shareholder servicing fees January 2013 To December 2013 20 Basis Points $0
J.P.Morgan Retirement Plan Services Columbia Dividend Income-Z Shareholder servicing fees January 2013 To December 2013 25 Basis Points $0
J.P.Morgan Retirement Plan Services Eagle Small Cap Growth-R5 Shareholder servicing fees January 2013 To December 2013 10 Basis Points $0
J.P.Morgan Retirement Plan Services Columbia Acorn Fund-Z Shareholder servicing fees January 2013 To December 2013 25 Basis Points $0
J.P.Morgan Retirement Plan Services Oakmark Equity and Income-I Shareholder servicing fees January 2013 To December 2013 30 Basis Points $0
J.P.Morgan Retirement Plan Services American Funds Europacific Growth-R Shareholder servicing fees January 2013 To December 2013 5 Basis Points $0
J.P.Morgan Retirement Plan Services Jpmorgan Core Bond-Select Shareholder servicing fees January 2013 To December 2013 30 Basis Points $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 $7,338,570
Total $7,338,570

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.