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FORM 5500 DATA

Florida Tile, Inc. Savings And Investment Plan

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan11/07/2003
  • Net Assets as of 12/31/2006 $21,256,313
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2006

  • Active (Eligible) Participants478
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits51
  • Subtotal532
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total533
  • Total number of participants as of 01/01/2006746
  • Number of participants with account balances273
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested134
  • Number of participants required to be reported on Schedule SSA16

Expenses

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

Sponsor Information

  • Address320 W Main St
  • CityLakeland
  • StateFL
  • Zip33815-1556
  • Telephone(706) 232-5181
  • EIN98-0484706
  • Industry Code327900
  • Named AdministratorFlorida Tile, Inc.
  • Named Plan SponsorTracy Fisher

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorCarter, Belcourt & Atkinson, P.A.
  • Auditor EIN59-1786963
  • 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.
3E Prototype plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a separate funding medium (for example, a separate trust or custodial account) is established for the use of each adopting employer.

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? Yes
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 $2,420,358
Contributions $573,610
Cash Contributions $573,610
Cash from Employers $0
Cash from Participants $558,543
Others (including rollovers) $15,067
Noncash Contributions $0
Total Earnings on Investments $1,846,748
Total Interest $263,537
Interest-Bearing Cash $2,690
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $36,069
Interest from Other Investments $224,778
Total Dividends $29,373
Preferred Stock $0
Common Stock $29,373
Rents $0
Net gain (loss) on sale of assets $158,863
Aggregate Proceeds $880,782
Aggregate Carrying Amount $721,919
Total Unrealized Appreciation (depreciation) of assets $-18,685
Real Estate $0
Other $-18,685
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $1,413,660
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 $5,665,011
Total Benefit Payments $5,601,166
Directly to participants or beneficiaries, including direct rollovers $5,601,166
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $55,836
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $8,009
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $8,009
Net Income $-3,244,653
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $21,256,313 $24,500,966 -13.24%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $7,225 $8,776 -17.67%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $7,225 $8,776 -17.67%
General Investments $80,940 $115,950 -30.19%
Interest-bearing cash $80,940 $115,950 -30.19%
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 $369,691 $595,666 -37.94%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $12,599,044 $14,084,290 -10.55%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $6,651,309 $7,407,576 -10.21%
Other Investments $0 $0 0.0%
Employer-related Investments $1,548,104 $2,288,708 -32.36%
Employer Securities $1,548,104 $2,288,708 -32.36%
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 $21,256,313 $24,500,966 -13.24%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
Massachusetts Mutual Life Insurance Recordkeeping $0 $8,009 $8,009
Total $0 $8,009 $8,009

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Sia-K4 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,745,145
Sia-Ah Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,558,589
Sia-K9 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,414,589
Sia-Wy Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,305,203
Sia-Yx Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,056,733
Sia-Ak Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $770,310
Sia-Aj Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $748,977
Sia-Wz Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $714,439
Sia-J9 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $675,069
Sia-Od Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $443,890
Sia-Nm Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $363,945
Sia-Al Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $282,701
Sia-At Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $242,736
Sia-Av Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $146,542
Sia-M4 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $130,173
Sia-Yg Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2
Sia-Dm Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Da Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Dc Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Ae Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Total $12,599,043

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 533
EIN 04-1590850
Industry Code 65935
Contract Number FL 51765
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $6,651,309
Value in Separate Accounts at Year End $12,599,044
Insurance Fees and Commissions $5,347
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Mr. Alan Meltzer 6500 Rock Spring Dr Ste 500 Bethesda, MD 20817 -1149 Insurance Agent or Broker $5,347 $0
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
Balance at the end of the previous year $7,407,576
Additions $1,798,228
Contributions Deposited during the year $558,544
Dividends and credits $0
Interest credited during the year $224,778
Transferred from separate account $609,812
Other $405,094
Total of Balance and Additions $9,205,804
Deductions $2,554,495
Disbursed from fund to pay benefits or purchase annuities during the year $1,746,140
Administration charge made by carrier $2,823
Transferred to Separate Account $779,392
Other $26,140
Balance at the end of the current year $6,651,309