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YARGER TOOL COMPANY PROFIT SHARING PLAN 401k Plan overview

Plan NameYARGER TOOL COMPANY PROFIT SHARING PLAN
Plan identification number 001

YARGER TOOL COMPANY PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan covering Self-Employed individuals.
  • 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

YARGER PRECISION MACHINING has sponsored the creation of one or more 401k plans.

Company Name:YARGER PRECISION MACHINING
Employer identification number (EIN):061661917
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan YARGER TOOL COMPANY PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01RUTH ANN FLORAY2020-06-23
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01DUANE YARGER
0012011-01-01DUANE YARGER
0012009-01-01DUANE YARGER

Plan Statistics for YARGER TOOL COMPANY PROFIT SHARING PLAN

401k plan membership statisitcs for YARGER TOOL COMPANY PROFIT SHARING PLAN

Measure Date Value
2019: YARGER TOOL COMPANY PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0110
Total number of active participants reported on line 7a of the Form 55002019-01-0110
Total of all active and inactive participants2019-01-0110
Total participants2019-01-0110
Number of participants with account balances2019-01-0110
2018: YARGER TOOL COMPANY PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0110
Total number of active participants reported on line 7a of the Form 55002018-01-0110
Total of all active and inactive participants2018-01-0110
Total participants2018-01-0110
Number of participants with account balances2018-01-0110
2017: YARGER TOOL COMPANY PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0110
Total number of active participants reported on line 7a of the Form 55002017-01-0110
Total of all active and inactive participants2017-01-0110
Total participants2017-01-0110
Number of participants with account balances2017-01-0110
2016: YARGER TOOL COMPANY PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0110
Total number of active participants reported on line 7a of the Form 55002016-01-0110
Total of all active and inactive participants2016-01-0110
Total participants2016-01-0110
Number of participants with account balances2016-01-0110
2015: YARGER TOOL COMPANY PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0110
Total number of active participants reported on line 7a of the Form 55002015-01-0110
Total of all active and inactive participants2015-01-0110
Total participants2015-01-0110
Number of participants with account balances2015-01-0110
2014: YARGER TOOL COMPANY PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0111
Total number of active participants reported on line 7a of the Form 55002014-01-0110
Total of all active and inactive participants2014-01-0110
Total participants2014-01-0110
Number of participants with account balances2014-01-0110
2013: YARGER TOOL COMPANY PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0111
Total number of active participants reported on line 7a of the Form 55002013-01-0111
Total of all active and inactive participants2013-01-0111
Total participants2013-01-0111
Number of participants with account balances2013-01-0111
2012: YARGER TOOL COMPANY PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0111
Total number of active participants reported on line 7a of the Form 55002012-01-0111
Total of all active and inactive participants2012-01-0111
Total participants2012-01-0111
Number of participants with account balances2012-01-0111
2011: YARGER TOOL COMPANY PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0111
Total number of active participants reported on line 7a of the Form 55002011-01-0111
Total of all active and inactive participants2011-01-0111
Total participants2011-01-0111
Number of participants with account balances2011-01-0111
2009: YARGER TOOL COMPANY PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0110
Total number of active participants reported on line 7a of the Form 55002009-01-0110
Total of all active and inactive participants2009-01-0110
Total participants2009-01-0110
Number of participants with account balances2009-01-0110

Financial Data on YARGER TOOL COMPANY PROFIT SHARING PLAN

Measure Date Value
2019 : YARGER TOOL COMPANY PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$220,855
Expenses. Total of all expenses incurred2019-12-31$123,566
Benefits paid (including direct rollovers)2019-12-31$120,712
Total plan assets at end of year2019-12-31$1,760,640
Total plan assets at beginning of year2019-12-31$1,663,351
Other income received2019-12-31$191,967
Net income (gross income less expenses)2019-12-31$97,289
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,760,640
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,663,351
Total contributions received or receivable from employer(s)2019-12-31$28,888
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$2,854
2018 : YARGER TOOL COMPANY PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$-26,932
Expenses. Total of all expenses incurred2018-12-31$30,137
Benefits paid (including direct rollovers)2018-12-31$27,301
Total plan assets at end of year2018-12-31$1,663,351
Total plan assets at beginning of year2018-12-31$1,720,420
Other income received2018-12-31$-61,133
Net income (gross income less expenses)2018-12-31$-57,069
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,663,351
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,720,420
Total contributions received or receivable from employer(s)2018-12-31$34,201
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$2,836
2017 : YARGER TOOL COMPANY PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$179,391
Expenses. Total of all expenses incurred2017-12-31$29,286
Benefits paid (including direct rollovers)2017-12-31$26,676
Total plan assets at end of year2017-12-31$1,720,420
Total plan assets at beginning of year2017-12-31$1,570,315
Other income received2017-12-31$141,979
Net income (gross income less expenses)2017-12-31$150,105
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,720,420
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,570,315
Total contributions received or receivable from employer(s)2017-12-31$37,412
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$2,610
2016 : YARGER TOOL COMPANY PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$113,017
Expenses. Total of all expenses incurred2016-12-31$28,366
Benefits paid (including direct rollovers)2016-12-31$25,988
Total plan assets at end of year2016-12-31$1,570,315
Total plan assets at beginning of year2016-12-31$1,485,664
Other income received2016-12-31$93,933
Net income (gross income less expenses)2016-12-31$84,651
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,570,315
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,485,664
Total contributions received or receivable from employer(s)2016-12-31$19,084
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$2,378
2015 : YARGER TOOL COMPANY PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$32,357
Expenses. Total of all expenses incurred2015-12-31$27,653
Benefits paid (including direct rollovers)2015-12-31$25,350
Total plan assets at end of year2015-12-31$1,485,664
Total plan assets at beginning of year2015-12-31$1,480,960
Other income received2015-12-31$3,926
Net income (gross income less expenses)2015-12-31$4,704
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,485,664
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,480,960
Total contributions received or receivable from employer(s)2015-12-31$28,431
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$2,303
2014 : YARGER TOOL COMPANY PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$92,944
Expenses. Total of all expenses incurred2014-12-31$81,450
Benefits paid (including direct rollovers)2014-12-31$78,612
Total plan assets at end of year2014-12-31$1,480,960
Total plan assets at beginning of year2014-12-31$1,469,466
Other income received2014-12-31$49,937
Net income (gross income less expenses)2014-12-31$11,494
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,480,960
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,469,466
Total contributions received or receivable from employer(s)2014-12-31$43,007
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$2,838
2013 : YARGER TOOL COMPANY PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$191,588
Expenses. Total of all expenses incurred2013-12-31$33,987
Benefits paid (including direct rollovers)2013-12-31$31,995
Total plan assets at end of year2013-12-31$1,469,466
Total plan assets at beginning of year2013-12-31$1,311,865
Other income received2013-12-31$142,118
Net income (gross income less expenses)2013-12-31$157,601
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,469,466
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,311,865
Total contributions received or receivable from employer(s)2013-12-31$49,470
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$1,992
2012 : YARGER TOOL COMPANY PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$130,008
Expenses. Total of all expenses incurred2012-12-31$25,032
Benefits paid (including direct rollovers)2012-12-31$23,253
Total plan assets at end of year2012-12-31$1,311,865
Total plan assets at beginning of year2012-12-31$1,206,889
Other income received2012-12-31$89,014
Net income (gross income less expenses)2012-12-31$104,976
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,311,865
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,206,889
Total contributions received or receivable from employer(s)2012-12-31$40,994
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,779
2011 : YARGER TOOL COMPANY PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$29,952
Expenses. Total of all expenses incurred2011-12-31$24,800
Benefits paid (including direct rollovers)2011-12-31$23,101
Total plan assets at end of year2011-12-31$1,206,889
Total plan assets at beginning of year2011-12-31$1,201,737
Other income received2011-12-31$-11,188
Net income (gross income less expenses)2011-12-31$5,152
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,206,889
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,201,737
Total contributions received or receivable from employer(s)2011-12-31$41,140
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,699
2010 : YARGER TOOL COMPANY PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$163,245
Expenses. Total of all expenses incurred2010-12-31$22,607
Benefits paid (including direct rollovers)2010-12-31$21,077
Total plan assets at end of year2010-12-31$1,201,737
Total plan assets at beginning of year2010-12-31$1,061,099
Other income received2010-12-31$116,977
Net income (gross income less expenses)2010-12-31$140,638
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,201,737
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,061,099
Total contributions received or receivable from employer(s)2010-12-31$46,268
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,530

Form 5500 Responses for YARGER TOOL COMPANY PROFIT SHARING PLAN

2019: YARGER TOOL COMPANY PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan benefit arrangement – InsuranceYes
2018: YARGER TOOL COMPANY PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan benefit arrangement – InsuranceYes
2017: YARGER TOOL COMPANY PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan benefit arrangement – InsuranceYes
2016: YARGER TOOL COMPANY PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan benefit arrangement – InsuranceYes
2015: YARGER TOOL COMPANY PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan benefit arrangement – InsuranceYes
2014: YARGER TOOL COMPANY PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan benefit arrangement – InsuranceYes
2013: YARGER TOOL COMPANY PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan benefit arrangement – InsuranceYes
2012: YARGER TOOL COMPANY PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan benefit arrangement – InsuranceYes
2011: YARGER TOOL COMPANY PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan benefit arrangement – InsuranceYes
2009: YARGER TOOL COMPANY PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )
Policy contract number53758
Policy instance 1
Insurance contract or identification number53758
Number of Individuals Covered10
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )
Policy contract number53758
Policy instance 1
Insurance contract or identification number53758
Number of Individuals Covered10
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )
Policy contract number53758
Policy instance 1
Insurance contract or identification number53758
Number of Individuals Covered10
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )
Policy contract number53758
Policy instance 1
Insurance contract or identification number53758
Number of Individuals Covered10
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )
Policy contract number53758
Policy instance 1
Insurance contract or identification number53758
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $759
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $693
Insurance broker organization code?3
Insurance broker nameJEFFREY J MAJERSKY
VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )
Policy contract number53758
Policy instance 1
Insurance contract or identification number53758
Number of Individuals Covered11
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $430
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $386
Insurance broker organization code?3
Insurance broker nameJEFFREY J MAJERSKY
VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )
Policy contract number53758
Policy instance 1
Insurance contract or identification number53758
Number of Individuals Covered11
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $203
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $189
Insurance broker organization code?3
Insurance broker nameJEFFREY J MAJERSKY
VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )
Policy contract number53758
Policy instance 1
Insurance contract or identification number53758
Number of Individuals Covered11
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $744
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VARIABLE ANNUITY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70238 )
Policy contract number53758
Policy instance 1
Insurance contract or identification number53758
Number of Individuals Covered11
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $949
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $865
Insurance broker organization code?3
Insurance broker nameJEFFREY J MAJERSKY

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