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PTR-PRECISION TECHNOLOGY 401K PLAN 401k Plan overview

Plan NamePTR-PRECISION TECHNOLOGY 401K PLAN
Plan identification number 001

PTR-PRECISION TECHNOLOGY 401K 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

PTR-PRECISION TECHNOLOGIES INC has sponsored the creation of one or more 401k plans.

Company Name:PTR-PRECISION TECHNOLOGIES INC
Employer identification number (EIN):061278707
NAIC Classification:333900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PTR-PRECISION TECHNOLOGY 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOHN DOWD2023-08-01
0012021-01-01JOHN DOWD2022-10-12
0012021-01-01JOHN DOWD2023-08-01
0012020-01-01JOHN DOWD2021-10-14
0012019-01-01JOHN DOWD2020-10-06
0012018-01-01JOHN DOWD2019-10-08
0012017-01-01JOHN DOWD2018-09-27
0012017-01-01JOHN DOWD2019-10-08
0012016-01-01JOHN DOWD2017-10-06
0012015-01-01JOHN DOWD2016-09-19
0012014-01-01JOHN DOWD2015-10-08
0012013-01-01PAUL LETTIERI2014-05-16
0012012-01-01PAUL LETTIERI
0012011-01-01PAUL LETTIERI
0012009-01-01PAUL LETTIERI

Plan Statistics for PTR-PRECISION TECHNOLOGY 401K PLAN

401k plan membership statisitcs for PTR-PRECISION TECHNOLOGY 401K PLAN

Measure Date Value
2012: PTR-PRECISION TECHNOLOGY 401K PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0142
Total number of active participants reported on line 7a of the Form 55002012-01-0137
Number of retired or separated participants receiving benefits2012-01-012
Number of other retired or separated participants entitled to future benefits2012-01-015
Total of all active and inactive participants2012-01-0144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0144
Number of participants with account balances2012-01-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PTR-PRECISION TECHNOLOGY 401K PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0150
Total number of active participants reported on line 7a of the Form 55002011-01-0140
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-015
Total of all active and inactive participants2011-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0146
Number of participants with account balances2011-01-0143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: PTR-PRECISION TECHNOLOGY 401K PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0146
Total number of active participants reported on line 7a of the Form 55002009-01-0145
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0150
Number of participants with account balances2009-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PTR-PRECISION TECHNOLOGY 401K PLAN

Measure Date Value
2012 : PTR-PRECISION TECHNOLOGY 401K PLAN 2012 401k financial data
Total income from all sources2012-12-31$1,750,899
Expenses. Total of all expenses incurred2012-12-31$486,937
Benefits paid (including direct rollovers)2012-12-31$486,763
Total plan assets at end of year2012-12-31$10,038,182
Total plan assets at beginning of year2012-12-31$8,774,220
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$297,860
Expenses. Other expenses not covered elsewhere2012-12-31$174
Contributions received from other sources (not participants or employers)2012-12-31$9,164
Other income received2012-12-31$1,275,651
Net income (gross income less expenses)2012-12-31$1,263,962
Net plan assets at end of year (total assets less liabilities)2012-12-31$10,038,182
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$8,774,220
Assets. Value of participant loans2012-12-31$171,654
Total contributions received or receivable from employer(s)2012-12-31$168,224
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
2011 : PTR-PRECISION TECHNOLOGY 401K PLAN 2011 401k financial data
Total income from all sources2011-12-31$46,356
Expenses. Total of all expenses incurred2011-12-31$239,386
Benefits paid (including direct rollovers)2011-12-31$236,422
Total plan assets at end of year2011-12-31$8,774,220
Total plan assets at beginning of year2011-12-31$8,967,250
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$293,705
Contributions received from other sources (not participants or employers)2011-12-31$7,036
Other income received2011-12-31$-413,579
Net income (gross income less expenses)2011-12-31$-193,030
Net plan assets at end of year (total assets less liabilities)2011-12-31$8,774,220
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$8,967,250
Assets. Value of participant loans2011-12-31$168,230
Total contributions received or receivable from employer(s)2011-12-31$159,194
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$2,964
2010 : PTR-PRECISION TECHNOLOGY 401K PLAN 2010 401k financial data
Total income from all sources2010-12-31$1,616,255
Expenses. Total of all expenses incurred2010-12-31$468,165
Benefits paid (including direct rollovers)2010-12-31$460,935
Total plan assets at end of year2010-12-31$8,967,250
Total plan assets at beginning of year2010-12-31$7,819,160
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$294,609
Other income received2010-12-31$1,155,748
Net income (gross income less expenses)2010-12-31$1,148,090
Net plan assets at end of year (total assets less liabilities)2010-12-31$8,967,250
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$7,819,160
Assets. Value of participant loans2010-12-31$115,504
Total contributions received or receivable from employer(s)2010-12-31$165,898
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$7,230

Form 5500 Responses for PTR-PRECISION TECHNOLOGY 401K PLAN

2012: PTR-PRECISION TECHNOLOGY 401K PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2011: PTR-PRECISION TECHNOLOGY 401K PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PTR-PRECISION TECHNOLOGY 401K PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-829010
Policy instance 1
Insurance contract or identification numberGA-829010
Number of Individuals Covered39
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $41,470
Total amount of fees paid to insurance companyUSD $2,136
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $41,470
Insurance broker organization code?3
Amount paid for insurance broker fees2136
Additional information about fees paid to insurance brokerSALES/MARKETING
Insurance broker nameMERRILL LYNCH PIERCE FENNER SMITH I

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