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Filing

AMICALE INDUSTRIES, INC. PROFIT SHARING PLAN

Amicale Industries Inc. • EIN 13-1549452 • Plan year 2002

Company ProfileSource Archive
Filing Insights

Participants

Down

167 → 141

-26 • -15.57%

Assets

Down

$3,540,815 → $1,921,617

-$1,619,198 • -45.73%

Investment Management Fee

0.00%

$0

Admin expenses $0 • Total expenses $1,300,164

Filing Details

Context
Net investment result
$-1,619,198

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

No

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

No

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Yes

5% transactions reported

No

All plan assets distributed

No

Benefits paid when due

Not reported

Plan blackout period

Not reported

Plan termination resolution adopted

No

Counterparties
ProviderServicesLocationDirect CompensationRelated
LAZAR LEVINE & FELIX LLPEIN 13-6314388Accountant--Lazar Levine & Felix LLP

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
200610$0$0-
AMICALE INDUSTRIES, INC. PROFIT SHARING PLAN-0---
2003146$2,411,967$0-
Retirement Plan for Salaried Employees of Amicale Industries Inc.-46$2,411,967--
20022141$4,249,922$144,508$1,025iApproximate average salary by contribution assumption: employee only about $25,622 at 4% or $17,081 at 6%; with 50% employer match about $17,081 at 4% or $11,388 at 6%; with 100% employer match about $12,811 at 4% or $8,541 at 6%.
Retirement Plan for Salaried Employees of Amicale Industries Inc.-47$2,328,305--
AMICALE INDUSTRIES, INC. PROFIT SHARING PLANCurrent141$1,921,617$144,508$1,025iApproximate average salary by contribution assumption: employee only about $25,622 at 4% or $17,081 at 6%; with 50% employer match about $17,081 at 4% or $11,388 at 6%; with 100% employer match about $12,811 at 4% or $8,541 at 6%.
2001184$2,699,535$0-
Retirement Plan for Salaried Employees of Amicale Industries Inc.-84$2,699,535--
20002133$6,965,733$473,560$3,561iApproximate average salary by contribution assumption: employee only about $89,015 at 4% or $59,343 at 6%; with 50% employer match about $59,343 at 4% or $39,562 at 6%; with 100% employer match about $44,508 at 4% or $29,672 at 6%.
AMICALE INDUSTRIES, INC. PROFIT SHARING PLAN-133$3,563,687$304,755$2,291iApproximate average salary by contribution assumption: employee only about $57,285 at 4% or $38,190 at 6%; with 50% employer match about $38,190 at 4% or $25,460 at 6%; with 100% employer match about $28,642 at 4% or $19,095 at 6%.
Retirement Plan for Salaried Employees of Amicale Industries Inc.-86$3,402,046$168,805$1,963iApproximate average salary by contribution assumption: employee only about $49,071 at 4% or $32,714 at 6%; with 50% employer match about $32,714 at 4% or $21,809 at 6%; with 100% employer match about $24,536 at 4% or $16,357 at 6%.
19991109$3,931,976$180,000$1,651iApproximate average salary by contribution assumption: employee only about $41,284 at 4% or $27,523 at 6%; with 50% employer match about $27,523 at 4% or $18,349 at 6%; with 100% employer match about $20,642 at 4% or $13,761 at 6%.
Retirement Plan for Salaried Employees of Amicale Industries Inc.-109$3,931,976$180,000$1,651iApproximate average salary by contribution assumption: employee only about $41,284 at 4% or $27,523 at 6%; with 50% employer match about $27,523 at 4% or $18,349 at 6%; with 100% employer match about $20,642 at 4% or $13,761 at 6%.
Schedule Details

Schedule H

Schedule H Financial Statement

Large plan result

Assets, contributions, fees, audit, and compliance fields reported for this large-plan filing.

End-of-year assets$1,921,617-$1,619,198 change

Balance Sheet

Beginning and end of plan year.

Total assets$3,540,815$1,921,617Decrease -$1,619,198 (-45.73%)
Total liabilities$0$0No change $0
Net assets$3,540,815$1,921,617Decrease -$1,619,198 (-45.73%)

Contributions

Employer contributions$6,014
Participant contributions$63,984
Other contributions$74,510
Total contributions$144,508

Income & Investment Result

Total income$-319,034
Interest$2,109
Dividends$0
Net income$-1,619,198

Expenses & Fees

Benefits paid$1,300,164
Investment management$0
Administrative expenses$0
Total expenses$1,300,164

Accountant

FirmLAZAR LEVINE & FELIX LLP
Firm EIN13-6314388

Compliance

Fidelity bondYes
Fidelity bond amount$500,000
Participant loans$21,896
Late contributionsNo
Schedule H source fields
Financial summary
Total assets at beginning of year: $3,540,815Total assets at end of year: $1,921,617Total liabilities at end of year: $0Net income or loss: $-1,619,198
Filing Id
91037089178564
Schedule H EIN
13-1549452
Schedule H Plan number
002
Schedule H Plan Year Begin Date
2002-04-01
Schedule H Tax Period
20030331
Non Interest Bear Cash Beginning of year Amount
$0
Employer Contribution Beginning of year Amount
$5,819
Participants Contribution Beginning of year Amount
$318
Other Receivables Beginning of year Amount
$0
Interest Bear Cash Beginning of year Amount
$340,796
Govt Sec Beginning of year Amount
$0
Corp Debt Preferred Beginning of year Amount
$0
Corp Debt Other Beginning of year Amount
$0
Pref Stock Beginning of year Amount
$0
Common Stock Beginning of year Amount
$0
Joint Venture Beginning of year Amount
$0
Real Estate Beginning of year Amount
$0
Other Loans Beginning of year Amount
$0
Participant loans at beginning of year
$51,760
Interest Common Tr Beginning of year Amount
$0
Interest Pool Sep Account Beginning of year Amount
$0
Interest Master Tr Beginning of year Amount
$0
Interest 103 12 Investment Beginning of year Amount
$0
Interest in registered investment companies at beginning of year
$3,142,122
Ins Co Gen Account Beginning of year Amount
$0
Oth Investment Beginning of year Amount
$0
Employer Sec Beginning of year Amount
$0
Employer Prop Beginning of year Amount
$0
Bldgs Used Beginning of year Amount
$0
Total assets at beginning of year
$3,540,815
Bnfts Payable Beginning of year Amount
$0
Oprtng Payable Beginning of year Amount
$0
Acquis Indbt Beginning of year Amount
$0
Other Liability Beginning of year Amount
$0
Total liabilities at beginning of year
$0
Net assets at beginning of year
$3,540,815
Non Interest Bear Cash End of year Amount
$0
Employer Contribution End of year Amount
$0
Participants Contribution End of year Amount
$0
Other Receivables End of year Amount
$0
Interest Bear Cash End of year Amount
$82,686
Govt Sec End of year Amount
$0
Corp Debt Preferred End of year Amount
$0
Corp Debt Other End of year Amount
$0
Pref Stock End of year Amount
$0
Common Stock End of year Amount
$0
Joint Venture End of year Amount
$0
Real Estate End of year Amount
$0
Other Loans End of year Amount
$0
Participant loans at end of year
$21,896
Interest Common Tr End of year Amount
$0
Interest Pool Sep Account End of year Amount
$0
Interest Master Tr End of year Amount
$0
Interest 103 12 Investment End of year Amount
$0
Interest in registered investment companies at end of year
$1,817,035
Ins Co Gen Account End of year Amount
$0
Oth Investment End of year Amount
$0
Employer Sec End of year Amount
$0
Employer Prop End of year Amount
$0
Bldgs Used End of year Amount
$0
Total assets at end of year
$1,921,617
Bnfts Payable End of year Amount
$0
Oprtng Payable End of year Amount
$0
Acquis Indbt End of year Amount
$0
Other Liability End of year Amount
$0
Total liabilities at end of year
$0
Net assets at end of year
$1,921,617
Employer contributions
$6,014
Participant contributions
$63,984
Oth Contribution Rcvd Amount
$74,510
Non Cash Contribution Bs Amount
$0
Total contributions
$144,508
Interest Bear Cash Amount
$2,026
Interest On Govt Sec Amount
$0
Interest On Corp Debt Amount
$0
Interest On Oth Loans Amount
$0
Interest on participant loans
$83
Interest On Oth Investment Amount
$0
Total interest income
$2,109
Divnd Pref Stock Amount
$0
Divnd Common Stock Amount
$0
Total dividend income
$0
Total Rents Amount
$0
Aggregate Proceeds Amount
$0
Aggregate Costs Amount
$0
Net gain or loss on sale of assets
$0
Unrealized Apprctn Re Amount
$0
Unrealized Apprctn Oth Amount
$0
Net unrealized appreciation or depreciation
$0
Gain Loss Com Trust Amount
$0
Gain Loss Pool Sep Amount
$0
Gain Loss Master Tr Amount
$0
Gain Loss 103 12 Investment Amount
$0
Gain or loss on registered investments
$-465,651
Other Income Amount
$0
Total income
$-319,034
Participant distributions
$1,300,164
Ins Carrier Bnfts Amount
$0
Oth Bnft Payment Amount
$0
Total benefit distributions
$1,300,164
Total Corrective Distribution Amount
$0
Total Dm Distribution Ptcp Lns A
0
Total Interest Expense Amount
$0
Professional Fees Amount
$0
Contract Admin Fees Amount
$0
Investment management fees
$0
Other Admin Fees Amount
$0
Total administrative expenses
$0
Total expenses
$1,300,164
Net income or loss
$-1,619,198
Total Transfers To Amount
$0
Transfers from other plans
$0
Accountant Opinion Type Indicator
3
Accountant firm name
LAZAR LEVINE & FELIX LLP
Accountant firm EIN
13-6314388
Failed to transmit participant contributions on time
No
Fail Transmit Contribution Amount
$0
Participant loans in default
No
Loans In Default Amount
$0
Leases in default
No
Leases In Default Amount
$0
Nonexempt transactions with parties in interest
No
Party In Interest Not Reported Amount
$0
Fidelity bond in place
Yes
Fidelity bond amount
$500,000
Loss discovered during year
No
Loss Discovered Dur Year Amount
$0
Assets with undetermined value
No
Asset Undeterm Valuation Amount
$0
Non-cash contributions reported
No
Non Cash Contribution Amount
$0
Assets held for investment
Yes
Reportable 5% transactions
No
All plan assets distributed
No
Resolution to terminate plan adopted
No
Res Terminate Plan Adpt Amount
$0