Cardone Industries, Inc. Employee Stock Ownership Plan

Cardone Industries,inc., Philadelphia PA. Employer ID 231916269, plan number 004. Annual reports on file for 2009 to 2015.

Where the money went

Filed 2009-2015Cardone Industries, Inc. Employee Stock Ownership Plan, Cardone Industries,inc.
EndedCardone Industries, Inc. Employee Stock Ownership Plan ended. Money was paid out, rolled to an IRA, or sent to a state or the PBGC. The distribution records show which.

Records are kept by Bmo Harris Bank, NA, per the 2015 filing.

In plan year 2011, active participants fell from 3,328 to 2,611 (22%), and 212 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing

This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.

Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.

2013: The employer adopted a resolution to terminate the plan.
2014: The employer adopted a resolution to terminate the plan.
2015: Final return: the plan reported that it ended (merged, transferred, or distributed all assets).
2015: The employer adopted a resolution to terminate the plan.

"Separated, still owed" counts people who left the employer but still have a benefit in the plan, as reported by the plan.

Plan year	Participants	Separated, still owed	Source
2009	3,879	113	Filing
2010	3,662	229	Filing
2011	3,127	418	Filing
2012	2,462	303	Filing
2013	2,401	2,401	Filing
2014	2,401	2,401	Filing
2015	0	0	Filing

Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.