401k Plan data: PRECISION MACHINE PARTNERS 401(K) PLAN plan

PRECISION MACHINE PARTNERS 401(K) PLAN 401k Plan overview

Plan Name	PRECISION MACHINE PARTNERS 401(K) PLAN
Plan identification number	001

PRECISION MACHINE PARTNERS 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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

PARALLEL VENTURES, INC. has sponsored the creation of one or more 401k plans.

Company Name: PARALLEL VENTURES, INC.

Employer identification number (EIN): 860435647

NAIC Classification: 332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION MACHINE PARTNERS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 ALLAN J DAVIS 2023-10-07
001 2021-01-01 DEAN SAMROW 2022-06-15 JOHN DEELY 2022-06-16
001 2019-01-01 TAMRA M OELLIG 2020-06-11 TAMRA M OELLIG 2020-06-11
001 2018-01-01 TAMRA OELLIG 2019-06-20 TAMRA OELLIG 2019-06-20
001 2017-01-01 TAMRA M OELLIG 2018-06-11 TAMRA M OELLIG 2018-06-11
001 2012-01-01 TAMRA OELLIG
001 2011-01-01 TAMRA OELLIG
001 2010-01-01 TAMRA OELLIG
001 2009-01-01 TAMRA OELLIG

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	ALLAN J DAVIS	2023-10-07
001	2021-01-01	DEAN SAMROW	2022-06-15	JOHN DEELY	2022-06-16
001	2019-01-01	TAMRA M OELLIG	2020-06-11	TAMRA M OELLIG	2020-06-11
001	2018-01-01	TAMRA OELLIG	2019-06-20	TAMRA OELLIG	2019-06-20
001	2017-01-01	TAMRA M OELLIG	2018-06-11	TAMRA M OELLIG	2018-06-11
001	2012-01-01	TAMRA OELLIG
001	2011-01-01	TAMRA OELLIG
001	2010-01-01	TAMRA OELLIG
001	2009-01-01	TAMRA OELLIG

Plan Statistics for PRECISION MACHINE PARTNERS 401(K) PLAN

401k plan membership statisitcs for PRECISION MACHINE PARTNERS 401(K) PLAN

Measure Date Value
2012: PRECISION MACHINE PARTNERS 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 31
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 2
Total of all active and inactive participants 2012-01-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 1
Total participants 2012-01-01 34
Number of participants with account balances 2012-01-01 32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 8
2011: PRECISION MACHINE PARTNERS 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 31
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 29
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 29
Number of participants with account balances 2011-01-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: PRECISION MACHINE PARTNERS 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 28
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 24
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 0
Total of all active and inactive participants 2010-01-01 24
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 24
Number of participants with account balances 2010-01-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: PRECISION MACHINE PARTNERS 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 27
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 26
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 2
Total of all active and inactive participants 2009-01-01 28
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 2
Total participants 2009-01-01 30
Number of participants with account balances 2009-01-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2012: PRECISION MACHINE PARTNERS 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	31
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	2
Total of all active and inactive participants	2012-01-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	1
Total participants	2012-01-01	34
Number of participants with account balances	2012-01-01	32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	8
2011: PRECISION MACHINE PARTNERS 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	31
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	29
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	29
Number of participants with account balances	2011-01-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: PRECISION MACHINE PARTNERS 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	28
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	24
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	0
Total of all active and inactive participants	2010-01-01	24
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	24
Number of participants with account balances	2010-01-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: PRECISION MACHINE PARTNERS 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	27
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	26
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	2
Total of all active and inactive participants	2009-01-01	28
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	2
Total participants	2009-01-01	30
Number of participants with account balances	2009-01-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on PRECISION MACHINE PARTNERS 401(K) PLAN

Measure	Date	Value
2012 : PRECISION MACHINE PARTNERS 401(K) PLAN 2012 401k financial data
Transfers to/from the plan	2012-12-31	$0
Total income from all sources	2012-12-31	$153,433
Expenses. Total of all expenses incurred	2012-12-31	$41,001
Benefits paid (including direct rollovers)	2012-12-31	$40,791
Total plan assets at end of year	2012-12-31	$1,089,580
Total plan assets at beginning of year	2012-12-31	$977,148
Value of fidelity bond covering the plan	2012-12-31	$100,000
Total contributions received or receivable from participants	2012-12-31	$69,265
Expenses. Other expenses not covered elsewhere	2012-12-31	$210
Contributions received from other sources (not participants or employers)	2012-12-31	$1,618
Other income received	2012-12-31	$65,233
Net income (gross income less expenses)	2012-12-31	$112,432
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,089,580
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$977,148
Assets. Value of participant loans	2012-12-31	$67,229
Total contributions received or receivable from employer(s)	2012-12-31	$17,317
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
Funding deficiency by the employer to the plan for this plan year	2012-12-31	$0
Minimum employer required contribution for this plan year	2012-12-31	$0
Amount contributed by the employer to the plan for this plan year	2012-12-31	$0
2011 : PRECISION MACHINE PARTNERS 401(K) PLAN 2011 401k financial data
Transfers to/from the plan	2011-12-31	$0
Total income from all sources	2011-12-31	$67,687
Expenses. Total of all expenses incurred	2011-12-31	$14,411
Benefits paid (including direct rollovers)	2011-12-31	$14,201
Total plan assets at end of year	2011-12-31	$977,148
Total plan assets at beginning of year	2011-12-31	$923,872
Value of fidelity bond covering the plan	2011-12-31	$100,000
Total contributions received or receivable from participants	2011-12-31	$43,268
Expenses. Other expenses not covered elsewhere	2011-12-31	$210
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$13,602
Net income (gross income less expenses)	2011-12-31	$53,276
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$977,148
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$923,872
Assets. Value of participant loans	2011-12-31	$120,932
Total contributions received or receivable from employer(s)	2011-12-31	$10,817
Value of certain deemed distributions of participant loans	2011-12-31	$0
Value of corrective distributions	2011-12-31	$0
Funding deficiency by the employer to the plan for this plan year	2011-12-31	$0
Minimum employer required contribution for this plan year	2011-12-31	$0
Amount contributed by the employer to the plan for this plan year	2011-12-31	$0
2010 : PRECISION MACHINE PARTNERS 401(K) PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total income from all sources	2010-12-31	$59,383
Expenses. Total of all expenses incurred	2010-12-31	$31,670
Benefits paid (including direct rollovers)	2010-12-31	$31,250
Total plan assets at end of year	2010-12-31	$923,872
Total plan assets at beginning of year	2010-12-31	$896,159
Value of fidelity bond covering the plan	2010-12-31	$100,000
Total contributions received or receivable from participants	2010-12-31	$42,700
Expenses. Other expenses not covered elsewhere	2010-12-31	$420
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$6,007
Net income (gross income less expenses)	2010-12-31	$27,713
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$923,872
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$896,159
Assets. Value of participant loans	2010-12-31	$141,575
Total contributions received or receivable from employer(s)	2010-12-31	$10,676
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Funding deficiency by the employer to the plan for this plan year	2010-12-31	$0
Minimum employer required contribution for this plan year	2010-12-31	$0
Amount contributed by the employer to the plan for this plan year	2010-12-31	$0
2009 : PRECISION MACHINE PARTNERS 401(K) PLAN 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year	2009-12-31	$0
Minimum employer required contribution for this plan year	2009-12-31	$0
Amount contributed by the employer to the plan for this plan year	2009-12-31	$0

Form 5500 Responses for PRECISION MACHINE PARTNERS 401(K) PLAN

2012: PRECISION MACHINE PARTNERS 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2011: PRECISION MACHINE PARTNERS 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2010: PRECISION MACHINE PARTNERS 401(K) PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2009: PRECISION MACHINE PARTNERS 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes

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Company Name:	PARALLEL VENTURES, INC.
Employer identification number (EIN):	860435647
NAIC Classification:	332700