Back to top
FORM 5500 DATA

Namdor, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year06/01/2011 — 05/31/2012
  • Date of Plan09/04/1995
  • Net Assets as of 05/31/2012 $8,259,680
  • 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?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance

Participant Information as of 05/31/2012

  • Active (Eligible) Participants152
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits47
  • Subtotal201
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total202
  • Total number of participants as of 06/01/2011201
  • Number of participants with account balances155
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

Expenses

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

Sponsor Information

  • Address823 11th Ave
  • CityNew York
  • StateNY
  • Zip10019
  • Telephone(212) 956-5770
  • EIN13-1803948
  • Industry Code445110
  • Named AdministratorDeborah Clusan
  • Named Plan SponsorDeborah Clusan

Plan Administrator Information

  • Administrator NameNamdor Inc.
  • Address823 11th Ave
  • CityNew York
  • StateNY
  • Zip10019
  • Telephone(212) 956-5770
  • Administrator EIN13-1803948

Audit Information

  • Audit StatusAudited
  • AuditorRbsm, LLP
  • Auditor EIN54-1821403
  • 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 $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? 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 $90,903
Contributions $492,251
Cash Contributions $492,251
Cash from Employers $0
Cash from Participants $492,251
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-401,348
Total Interest $88,885
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $14,734
Interest from Other Investments $74,151
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 $-490,233
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 $731,282
Total Benefit Payments $718,272
Directly to participants or beneficiaries, including direct rollovers $718,272
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 $13,010
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $13,010
Net Income $-640,379
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

05/31/2012 05/31/2011 Change YOY
Total Assets $8,259,680 $8,900,059 -7.20%
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 $346,663 $471,733 -26.51%
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 $5,131,374 $5,760,613 -10.92%
Value of funds held in insurance co. general account $2,781,643 $2,667,713 4.27%
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 $8,259,680 $8,900,059 -7.20%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Hartford Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Insurance services, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Sales loads (front end and deferred), Other commissions, Non-monetary compensation, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Insurance mortality and expense charge, Other insurance wrap fees, Other fees NONE $13,010 $0 $13,010
Reliance Trust Company Trustee (directed), Other services NONE $0 $400 $400
Total $13,010 $400 $13,410

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Hartford Life Insurance Company See Attached Recordkeeping and information management (computing, tabulating, data processing, etc.), Insurance services, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Sales loads (front end and deferred), Other commissions, Non-monetary compensation, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Insurance mortality and expense charge, Other insurance wrap fees, Other fees See Attached $0
Reliance Trust Company Hartford Life Insurance Company Trustee (directed), Other fees See Attached $400
*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

Name Position Explanation
Bdo USA, LLP Outside Auditor Price

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Hartford Advantage Tk2 Hartford Life Insurance Company DFE: Pooled Separate Account $2,114,179
Separate Account K Hartford Life Insurance Company DFE: Pooled Separate Account $2,060,381
Hartford Advantage Tk Hartford Life Insurance Company DFE: Pooled Separate Account $942,757
Separate Account K2 Hartford Life Insurance Company DFE: Pooled Separate Account $14,057
Total $5,131,374

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Hartford Life Insurance Company 155
EIN 06-0974148
Industry Code 88072
Contract Number GA-007489
Contract Year 06/01/2011 — 05/31/2012
Value in General Account at Year End $2,781,643
Value in Separate Accounts at Year End $5,131,374
Insurance Fees and Commissions $11,019
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Merrill Lynch Life Agency Merrill Lynch 1215 4th Avenue 26th Seattle, WA 98161 Insurance Agent or Broker $11,019 $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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $2,667,713
Additions $384,602
Contributions Deposited during the year $130,760
Dividends and credits $0
Interest credited during the year $74,151
Transferred from separate account $122,377
Other $57,314
Total of Balance and Additions $3,052,315
Deductions $270,672
Disbursed from fund to pay benefits or purchase annuities during the year $215,350
Administration charge made by carrier $12,466
Transferred to Separate Account $0
Other $42,856
Balance at the end of the current year $2,781,643