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ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST 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.
  • 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ULTIMATE PRECISION METAL PRODUCTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:ULTIMATE PRECISION METAL PRODUCTS, INC.
Employer identification number (EIN):112241092
NAIC Classification:332900

Additional information about ULTIMATE PRECISION METAL PRODUCTS, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1971-07-22
Company Identification Number: 311741
Legal Registered Office Address: 111 EIGHTH AVENUE
NASSAU
NEW YORK
United States of America (USA)
10011

More information about ULTIMATE PRECISION METAL PRODUCTS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01LOREN ARCARIA2019-04-12
0012017-01-01LOREN ARCARIA
0012017-01-01LOREN ARCARIA
0012016-01-01VINCENT J. MALLIA2017-06-12
0012015-01-01VINCENT J. MALLIA2016-07-21
0012014-01-01VINCENT J. MALLIA2015-07-23
0012013-01-01VINCENT J. MALLIA2014-04-09
0012012-01-01VINCENT J. MALLIA2013-03-22
0012011-01-01VINCENT J. MALLIA2012-05-25
0012010-01-01VINCENT J. MALLIA2011-06-01
0012009-01-01VINCENT J. MALLIA

Plan Statistics for ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2017: ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-01138
Total number of active participants reported on line 7a of the Form 55002017-01-01109
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-012
Total of all active and inactive participants2017-01-01111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01111
Number of participants with account balances2017-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-013
2009: ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01119
Total number of active participants reported on line 7a of the Form 55002009-01-0168
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0122
Total of all active and inactive participants2009-01-0190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0190
Number of participants with account balances2009-01-0190

Financial Data on ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2017 : ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets from this plan2017-12-31$1,828,263
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$488,694
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$432,189
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$427,139
Expenses. Certain deemed distributions of participant loans2017-12-31$3,979
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$211,698
Value of total assets at end of year2017-12-31$131,697
Value of total assets at beginning of year2017-12-31$1,903,455
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,071
Total interest from all sources2017-12-31$1,679
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$200,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$192,705
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$35,573
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$14,616
Total non interest bearing cash at end of year2017-12-31$17,464
Total non interest bearing cash at beginning of year2017-12-31$17,464
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$56,505
Value of net assets at end of year (total assets less liabilities)2017-12-31$131,697
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$1,903,455
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$114,233
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$1,850,418
Interest on participant loans2017-12-31$1,679
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$275,317
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 contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$4,377
Employer contributions (assets) at end of year2017-12-31$4,208
Employer contributions (assets) at beginning of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$427,139
Contract administrator fees2017-12-31$1,071
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
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 PBGC2017-12-31Yes
Liabilities. Value of acquisition indebtedness at end of year2017-12-31$14,171
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$0
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 name2017-12-31NUSSBAUM YATES BERG KLEIN & WOLPOW
Accountancy firm EIN2017-12-31260221653
2009 : ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST

2017: ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2009: ULTIMATE PRECISION METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST 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

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )
Policy contract number801084
Policy instance 1
Insurance contract or identification number801084
Number of Individuals Covered5
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $6,095
Total amount of fees paid to insurance companyUSD $1,669
Are there contracts with allocated funds for individual policies?0
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?No
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 $6,095
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerCASH COMMISSIONS
Insurance broker organization code?3
Insurance broker nameASSOCIATED PENSION CONSULTANTS

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