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Filing

Phipps Patterns Inc. Profit Sharing & 401K Plan

Phipps Patterns Inc. • EIN 37-1027152 • Plan year 2003

Company ProfileSource Archive
Filing Insights

Participants

Down

21 → 15

-6 • -28.57%

Assets

Down

$275,261 → $210,489

-$64,772 • -23.53%

Investment Management Fee

-

Admin expenses - • Total expenses $130,524

Filing Details

Context
Net investment result
$-64,772
Pension payor EIN
04-6748530

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

Not reported

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

Not reported

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Not reported

5% transactions reported

Not reported

All plan assets distributed

No

Benefits paid when due

Not reported

Plan blackout period

Not reported

Plan termination resolution adopted

No

Counterparties

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
200510$0$0-
Phipps Patterns Inc. Profit Sharing & 401K Plan-0---
200410$2,249$4,916-
Phipps Patterns Inc. Profit Sharing & 401K Plan-0$2,249$4,916-
2003115$210,489$17,255$1,150iApproximate average salary by contribution assumption: employee only about $28,758 at 4% or $19,172 at 6%; with 50% employer match about $19,172 at 4% or $12,781 at 6%; with 100% employer match about $14,379 at 4% or $9,586 at 6%.
Phipps Patterns Inc. Profit Sharing & 401K PlanCurrent15$210,489$17,255$1,150iApproximate average salary by contribution assumption: employee only about $28,758 at 4% or $19,172 at 6%; with 50% employer match about $19,172 at 4% or $12,781 at 6%; with 100% employer match about $14,379 at 4% or $9,586 at 6%.
2002116$275,261$23,968$1,498iApproximate average salary by contribution assumption: employee only about $37,450 at 4% or $24,967 at 6%; with 50% employer match about $24,967 at 4% or $16,644 at 6%; with 100% employer match about $18,725 at 4% or $12,483 at 6%.
Phipps Patterns Inc. Profit Sharing & 401K Plan-16$275,261$23,968$1,498iApproximate average salary by contribution assumption: employee only about $37,450 at 4% or $24,967 at 6%; with 50% employer match about $24,967 at 4% or $16,644 at 6%; with 100% employer match about $18,725 at 4% or $12,483 at 6%.
2001119$0$0-
Phipps Patterns Inc. Profit Sharing & 401K Plan-19---
2000117$373,607$29,390$1,729iApproximate average salary by contribution assumption: employee only about $43,221 at 4% or $28,814 at 6%; with 50% employer match about $28,814 at 4% or $19,209 at 6%; with 100% employer match about $21,610 at 4% or $14,407 at 6%.
Phipps Patterns Inc. Profit Sharing & 401K Plan-17$373,607$29,390$1,729iApproximate average salary by contribution assumption: employee only about $43,221 at 4% or $28,814 at 6%; with 50% employer match about $28,814 at 4% or $19,209 at 6%; with 100% employer match about $21,610 at 4% or $14,407 at 6%.
1999117$381,643$47,195$2,776iApproximate average salary by contribution assumption: employee only about $69,404 at 4% or $46,270 at 6%; with 50% employer match about $46,270 at 4% or $30,846 at 6%; with 100% employer match about $34,702 at 4% or $23,135 at 6%.
Phipps Patterns Inc. Profit Sharing & 401K Plan-17$381,643$47,195$2,776iApproximate average salary by contribution assumption: employee only about $69,404 at 4% or $46,270 at 6%; with 50% employer match about $46,270 at 4% or $30,846 at 6%; with 100% employer match about $34,702 at 4% or $23,135 at 6%.
Schedule Details

Schedule I

Schedule I Financial Statement

Small plan result

Balance sheet and activity values reported by the filer for this small-plan annual return.

End-of-year assets$210,489-$64,772 change

Balance Sheet

Beginning and end of plan year.

Total assets$275,261$210,489Decrease -$64,772 (-23.53%)
Total liabilities$0$0No change $0
Net assets$275,261$210,489Decrease -$64,772 (-23.53%)

Contributions

Employer contributions$0
Participant contributions$17,255
Other contributions$0

Income & Expenses

Total income$65,752
Total expenses$130,524
Net income$-64,772
Source fields
Schedule I source fields
Filing Id
84037210501044
Schedule I EIN
37-1027152
Schedule I Plan Num
001
Schedule I Plan Year Begin Date
2003-01-01
Schedule I Tax Period
20031231
Small plan total assets at beginning of year
$275,261
Small plan total liabilities at beginning of year
$0
Small plan net assets at beginning of year
$275,261
Small plan total assets at end of year
$210,489
Small plan total liabilities at end of year
$0
Small plan net assets at end of year
$210,489
Small plan employer contributions
$0
Small plan participant contributions
$17,255
Small Oth Contribution Rcvd Amount
$0
Small Non Cash Contribution Bs Amount
$0
Small Other Income Amount
$48,497
Small plan total income
$65,752
Small plan total benefit distributions
$130,524
Small Corrective Distribution Amount
$0
Small Dm Dstrb Ptcp Ln A
0
Small Oth Expenses Amount
$0
Small plan total expenses
$130,524
Small plan net income or loss
$-64,772
Small Total Plan Transfers Amount
$0
Small Joint Venture End of year Indicator
No
Small Joint Venture End of year Amount
$0
Small Employer Prop End of year Indicator
No
Small Employer Prop End of year Amount
$0
Small Investment Real Est End of year I
2
Small Investment Real Est End of year A
0
Small Employer Sec End of year Indicator
No
Small Employer Sec End of year Amount
$0
Small Mortg Participants End of year Indicator
No
Small Mortg Participants End of year Amount
$0
Small Oth Lns Participants End of year Indicator
No
Small Oth Lns Participants End of year Amount
$0
Small Personal Prop End of year Indicator
No
Small Personal Prop End of year Amount
$0
Small Fail Xmt Ctb I
2
Small Fail Xmt Ctb A
0
Small plan participant loans in default
No
Small Loans In Default Amount
$0
Small plan leases in default
No
Small Leases In Default Amount
$0
Small Pt In Interest Not Reported I
2
Small Pt In Interest Not Reported A
0
Small plan fidelity bond in place
Yes
Small plan fidelity bond amount
$50,000
Small plan loss discovered during year
No
Small Loss Discovered Dur Year Amount
$0
Small plan assets with undetermined value
No
Small Asset Undeterm Valuation Amount
$0
Small plan non-cash contributions reported
No
Small Non Cash Contribution Amount
$0
Small 20 Percent Sngl Investment Indicator
No
Small 20 Percent Sngl Investment Amount
$0
Small plan all plan assets distributed
No
Waiver Annual Iqpa Report
1
Small plan resolution to terminate plan adopted
No
Small Res Terminate Plan Adpt Amount
$0

Schedule R

Schedule R Pension Information

Retirement plan characteristics

Testing, payor, opinion-letter, and transfer information reported with the filing.

Pension & Payor

Payor EIN04-6748530

Transfers

Distributed property value$0
Schedule R source fields
Payor 04-6748530
Filing Id
84037210501044
Schedule R EIN
37-1027152
Schedule R Plan number
001
Schedule R Plan Year Begin Date
2003-01-01
Schedule R Tax Period
20031231
Pension Value Dstrb Pd Property Amount
$0
Pension payor EIN
04-6748530
Pension Payor 02 EIN
37-1413743
Pension Bnft Distribution Sngl Sum Count
0
Pension Employer Contribution Rqr Amount
$0
Pension Employer Contribution Paid Amount
$0
Pension Funding Deficiency Amount
$0