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LAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION PLAN 401k Plan overview

Plan NameLAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION PLAN
Plan identification number 003

LAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

LAKE PARK TOOL AND MACHINE, LLC has sponsored the creation of one or more 401k plans.

Company Name:LAKE PARK TOOL AND MACHINE, LLC
Employer identification number (EIN):810727155
NAIC Classification:332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032017-02-01LORA HULL2018-11-07 LORA HULL2018-11-07
0032016-02-01LORA HULL2017-10-10 LORA HULL2017-10-10
0032015-02-01LORA HULL

Plan Statistics for LAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION PLAN

401k plan membership statisitcs for LAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION PLAN

Measure Date Value
2015: LAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION PLAN 2015 401k membership
Total participants, beginning-of-year2015-02-0111
Total number of active participants reported on line 7a of the Form 55002015-02-0110
Number of retired or separated participants receiving benefits2015-02-010
Number of other retired or separated participants entitled to future benefits2015-02-010
Total of all active and inactive participants2015-02-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-02-010
Total participants2015-02-0110
Number of participants with account balances2015-02-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-02-010

Financial Data on LAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION PLAN

Measure Date Value
2016 : LAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION PLAN 2016 401k financial data
Total income from all sources2016-01-31$31,114
Expenses. Total of all expenses incurred2016-01-31$6,970
Benefits paid (including direct rollovers)2016-01-31$379
Total plan assets at end of year2016-01-31$487,056
Total plan assets at beginning of year2016-01-31$462,912
Value of fidelity bond covering the plan2016-01-31$500,000
Total contributions received or receivable from participants2016-01-31$42,009
Expenses. Other expenses not covered elsewhere2016-01-31$6,591
Other income received2016-01-31$-28,816
Net income (gross income less expenses)2016-01-31$24,144
Net plan assets at end of year (total assets less liabilities)2016-01-31$487,056
Net plan assets at beginning of year (total assets less liabilities)2016-01-31$462,912
Total contributions received or receivable from employer(s)2016-01-31$17,921

Form 5500 Responses for LAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION PLAN

2015: LAKE PARK TOOL AND MACHINE, INC. 401(K) SALARY REDUCTION PLAN 2015 form 5500 responses
2015-02-01Type of plan entitySingle employer plan
2015-02-01Submission has been amendedNo
2015-02-01This submission is the final filingNo
2015-02-01This return/report is a short plan year return/report (less than 12 months)No
2015-02-01Plan is a collectively bargained planNo
2015-02-01Plan funding arrangement – TrustYes
2015-02-01Plan benefit arrangement - TrustYes

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