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MICRONICS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMICRONICS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 002

MICRONICS, 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:MICRONICS, INC.
Employer identification number (EIN):020419571
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICRONICS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01BRENDA WESTPHAL2024-07-19
0022019-01-01BRENDA WESTPHAL2020-10-21
0022018-01-01BRENDA WESTPHAL2019-10-23
0022017-01-01
0022017-01-01BRENDA WESTPHAL2019-10-23
0022016-01-01
0022015-01-01CHAD WAITE2016-07-25
0022014-01-01LEE ISABLE2015-10-15
0022014-01-01JULIE PUGH2015-07-28
0022013-05-01JULIE PUGH2014-10-14
0022013-01-01JULIE PUGH2014-07-18

Plan Statistics for MICRONICS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MICRONICS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2017: MICRONICS, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01344
Total number of active participants reported on line 7a of the Form 55002017-01-01356
Number of other retired or separated participants entitled to future benefits2017-01-0124
Total of all active and inactive participants2017-01-01380
Total participants2017-01-01380
Number of participants with account balances2017-01-01107
2016: MICRONICS, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01188
Total number of active participants reported on line 7a of the Form 55002016-01-01316
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0117
Total of all active and inactive participants2016-01-01333
Total participants2016-01-01333
Number of participants with account balances2016-01-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on MICRONICS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2017 : MICRONICS, INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$1,206,561
Total of all expenses incurred2017-12-31$336,245
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$248,454
Value of total corrective distributions2017-12-31$66,152
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$783,388
Value of total assets at end of year2017-12-31$3,014,366
Value of total assets at beginning of year2017-12-31$2,144,050
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$21,639
Total interest from all sources2017-12-31$5,536
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$44,330
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$44,330
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$300,000
If this is an individual account plan, was there a blackout period2017-12-31No
Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers2017-12-310
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Minimum employer required contribution for this plan year2017-12-31$0
Amount contributed by the employer to the plan for this plan year2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$542,852
Participant contributions at end of year2017-12-31$141,115
Participant contributions at beginning of year2017-12-31$97,684
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$13,110
Total non interest bearing cash at end of year2017-12-31$10,303
Total non interest bearing cash at beginning of year2017-12-31$17,631
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$870,316
Value of net assets at end of year (total assets less liabilities)2017-12-31$3,014,366
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$2,144,050
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$2,823,549
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$1,982,162
Interest on participant loans2017-12-31$5,536
Value of interest in common/collective trusts at end of year2017-12-31$39,399
Value of interest in common/collective trusts at beginning of year2017-12-31$46,573
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$373,307
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$227,426
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$248,454
Contract administrator fees2017-12-31$21,639
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BKD LLP
Accountancy firm EIN2017-12-31044010260
2016 : MICRONICS, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$996,248
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$218,438
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$140,074
Value of total corrective distributions2016-12-31$65,183
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$847,811
Value of total assets at end of year2016-12-31$2,144,050
Value of total assets at beginning of year2016-12-31$1,366,240
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$13,181
Total interest from all sources2016-12-31$4,020
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$29,371
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$29,371
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$300,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$500,366
Participant contributions at end of year2016-12-31$97,684
Participant contributions at beginning of year2016-12-31$95,452
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$57,959
Administrative expenses (other) incurred2016-12-31$2,213
Total non interest bearing cash at end of year2016-12-31$17,631
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$777,810
Value of net assets at end of year (total assets less liabilities)2016-12-31$2,144,050
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$1,366,240
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$2,443
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$1,982,162
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$1,201,347
Interest on participant loans2016-12-31$4,020
Value of interest in common/collective trusts at end of year2016-12-31$46,573
Value of interest in common/collective trusts at beginning of year2016-12-31$69,441
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$113,632
Net investment gain or loss from common/collective trusts2016-12-31$1,414
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$289,486
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$140,074
Contract administrator fees2016-12-31$8,525
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BKD, LLP
Accountancy firm EIN2016-12-31440160260

Form 5500 Responses for MICRONICS, INC. 401(K) PROFIT SHARING PLAN

2017: MICRONICS, INC. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MICRONICS, INC. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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