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F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameF & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • 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.
  • 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 contribtions 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.

401k Sponsoring company profile

F & M TOOL & PLASTICS, INC. has sponsored the creation of one or more 401k plans.

Company Name:F & M TOOL & PLASTICS, INC.
Employer identification number (EIN):043255422
NAIC Classification:332210

Additional information about F & M TOOL & PLASTICS, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2015-02-10
Company Identification Number: 0802153979

More information about F & M TOOL & PLASTICS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KEVIN CHEEZUM2024-07-26
0012022-01-01
0012021-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01MARK GASBARRO2018-10-15
0012016-01-01MARK GASBARRO2017-07-26
0012015-01-01MARK GASBARRO2016-06-28
0012014-01-01MARK GASBARRO2015-06-16
0012013-01-01MARK GASBARRO2014-05-30
0012012-01-01MARK GASBARRO2013-10-14
0012011-01-01MARK GASBARRO2012-06-26
0012010-01-01MARK GASBARRO2011-07-27

Plan Statistics for F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01244
Total number of active participants reported on line 7a of the Form 55002022-01-0191
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0134
Total of all active and inactive participants2022-01-01125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01125
Number of participants with account balances2022-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01139
Total number of active participants reported on line 7a of the Form 55002021-01-01234
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-018
Total of all active and inactive participants2021-01-01242
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01242
Number of participants with account balances2021-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-018
2020: F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0183
Total number of active participants reported on line 7a of the Form 55002020-01-01137
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0110
Total of all active and inactive participants2020-01-01147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01147
Number of participants with account balances2020-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0188
Total number of active participants reported on line 7a of the Form 55002019-01-0169
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0112
Total of all active and inactive participants2019-01-0181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0181
Number of participants with account balances2019-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01111
Total number of active participants reported on line 7a of the Form 55002018-01-0177
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0111
Total of all active and inactive participants2018-01-0188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0188
Number of participants with account balances2018-01-0134

Financial Data on F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$133,607
Total loss/gain on sale of assets2022-12-31$-15,615
Total of all expenses incurred2022-12-31$154,439
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$135,084
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$258,451
Value of total assets at end of year2022-12-31$922,573
Value of total assets at beginning of year2022-12-31$943,405
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$19,355
Total interest from all sources2022-12-31$1,413
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$27,896
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$27,896
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$250,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$83,991
Participant contributions at end of year2022-12-31$25,246
Participant contributions at beginning of year2022-12-31$28,297
Total non interest bearing cash at end of year2022-12-31$900
Total non interest bearing cash at beginning of year2022-12-31$3,145
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-20,832
Value of net assets at end of year (total assets less liabilities)2022-12-31$922,573
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$943,405
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$810,540
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$877,058
Interest on participant loans2022-12-31$1,165
Value of interest in common/collective trusts at end of year2022-12-31$37
Value of interest in common/collective trusts at beginning of year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$85,850
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$34,905
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$34,905
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$248
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-138,538
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$174,460
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$135,084
Contract administrator fees2022-12-31$19,355
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$-15,615
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31TEMPLETON & COMPANY, LLC
Accountancy firm EIN2022-12-31141918990
2021 : F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$10,253
Total unrealized appreciation/depreciation of assets2021-12-31$10,253
Total income from all sources (including contributions)2021-12-31$322,962
Total of all expenses incurred2021-12-31$133,043
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$117,763
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$215,562
Value of total assets at end of year2021-12-31$943,405
Value of total assets at beginning of year2021-12-31$753,486
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$15,280
Total interest from all sources2021-12-31$31
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$33,850
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$33,850
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$9,425
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$83,384
Participant contributions at end of year2021-12-31$28,297
Participant contributions at beginning of year2021-12-31$54,099
Total non interest bearing cash at end of year2021-12-31$3,145
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$189,919
Value of net assets at end of year (total assets less liabilities)2021-12-31$943,405
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$753,486
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$877,058
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$665,012
Value of interest in common/collective trusts at end of year2021-12-31$0
Value of interest in common/collective trusts at beginning of year2021-12-31$2,836
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$34,905
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$31,539
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$31,539
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$31
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$63,266
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$132,178
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$117,763
Contract administrator fees2021-12-31$15,280
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BAKER TILLY US LLP
Accountancy firm EIN2021-12-31390859910
2020 : F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$253,584
Expenses. Total of all expenses incurred2020-12-31$748,780
Benefits paid (including direct rollovers)2020-12-31$738,942
Total plan assets at end of year2020-12-31$753,486
Total plan assets at beginning of year2020-12-31$1,248,682
Value of fidelity bond covering the plan2020-12-31$250,000
Total contributions received or receivable from participants2020-12-31$101,638
Expenses. Other expenses not covered elsewhere2020-12-31$9,838
Other income received2020-12-31$93,263
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-495,196
Net plan assets at end of year (total assets less liabilities)2020-12-31$753,486
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,248,682
Assets. Value of participant loans2020-12-31$54,099
Total contributions received or receivable from employer(s)2020-12-31$58,683
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$398,526
Expenses. Total of all expenses incurred2019-12-31$318,330
Benefits paid (including direct rollovers)2019-12-31$313,473
Total plan assets at end of year2019-12-31$1,248,682
Total plan assets at beginning of year2019-12-31$1,168,486
Value of fidelity bond covering the plan2019-12-31$250,000
Total contributions received or receivable from participants2019-12-31$103,785
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$226,648
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$80,196
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,248,682
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,168,486
Assets. Value of participant loans2019-12-31$33,203
Total contributions received or receivable from employer(s)2019-12-31$68,093
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$4,857
2018 : F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-560,727
Expenses. Total of all expenses incurred2018-12-31$764,050
Benefits paid (including direct rollovers)2018-12-31$763,488
Total plan assets at end of year2018-12-31$1,168,486
Total plan assets at beginning of year2018-12-31$2,493,263
Value of fidelity bond covering the plan2018-12-31$250,000
Total contributions received or receivable from participants2018-12-31$45,713
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-632,498
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-1,324,777
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,168,486
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$2,493,263
Assets. Value of participant loans2018-12-31$53,650
Total contributions received or receivable from employer(s)2018-12-31$26,058
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$562

Form 5500 Responses for F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN

2022: F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: F & M TOOL & PLASTICS, INC. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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