401k Plan data: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN plan

INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 401k Plan overview

Plan Name	INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN
Plan identification number	002

INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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

INNOVATIVE PLASTICS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: INNOVATIVE PLASTICS CORPORATION

Employer identification number (EIN): 133386684

NAIC Classification: 326100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2024-01-01 PETER STREITMAN
002 2023-01-01
002 2023-01-01 PETER STREITMAN
002 2022-01-01
002 2022-01-01 PETER STREITMAN
002 2021-01-01
002 2021-01-01 JANICE ASARO
002 2020-01-01
002 2019-01-01
002 2018-01-01 JANICE ASARO
002 2017-01-01 JANICE ASARO
002 2016-01-01 JANICE ASARO
002 2015-01-01 JANICE ASARO
002 2014-09-15 PETER STREITMAN

Plan Statistics for INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN

401k plan membership statisitcs for INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN

Measure Date Value
2023: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 78
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 73
Number of retired or separated participants receiving benefits 2023-01-01 1
Number of other retired or separated participants entitled to future benefits 2023-01-01 6
Total of all active and inactive participants 2023-01-01 80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 2
Total participants 2023-01-01 82
Number of participants with account balances 2023-01-01 80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 68
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 73
Number of retired or separated participants receiving benefits 2022-01-01 1
Number of other retired or separated participants entitled to future benefits 2022-01-01 2
Total of all active and inactive participants 2022-01-01 76
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 2
Total participants 2022-01-01 78
Number of participants with account balances 2022-01-01 70
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 75
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 64
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 2
Total of all active and inactive participants 2021-01-01 66
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 2
Total participants 2021-01-01 68
Number of participants with account balances 2021-01-01 66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 82
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 73
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 1
Total of all active and inactive participants 2020-01-01 74
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 75
Number of participants with account balances 2020-01-01 71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 87
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 78
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 3
Total of all active and inactive participants 2019-01-01 81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 82
Number of participants with account balances 2019-01-01 80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 84
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 85
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 1
Total of all active and inactive participants 2018-01-01 86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 1
Total participants 2018-01-01 87
Number of participants with account balances 2018-01-01 85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 76
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 81
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 2
Total of all active and inactive participants 2017-01-01 83
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 1
Total participants 2017-01-01 84
Number of participants with account balances 2017-01-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 73
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 73
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 2
Total of all active and inactive participants 2016-01-01 75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 1
Total participants 2016-01-01 76
Number of participants with account balances 2016-01-01 75
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 69
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 73
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 73
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 73
Number of participants with account balances 2015-01-01 67
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-09-15 70
Total number of active participants reported on line 7a of the Form 5500 2014-09-15 69
Number of retired or separated participants receiving benefits 2014-09-15 0
Number of other retired or separated participants entitled to future benefits 2014-09-15 0
Total of all active and inactive participants 2014-09-15 69
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-09-15 0
Total participants 2014-09-15 69
Number of participants with account balances 2014-09-15 69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-09-15 0

Measure	Date	Value
2023: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	78
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	73
Number of retired or separated participants receiving benefits	2023-01-01	1
Number of other retired or separated participants entitled to future benefits	2023-01-01	6
Total of all active and inactive participants	2023-01-01	80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	2
Total participants	2023-01-01	82
Number of participants with account balances	2023-01-01	80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	68
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	73
Number of retired or separated participants receiving benefits	2022-01-01	1
Number of other retired or separated participants entitled to future benefits	2022-01-01	2
Total of all active and inactive participants	2022-01-01	76
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	2
Total participants	2022-01-01	78
Number of participants with account balances	2022-01-01	70
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	75
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	64
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	2
Total of all active and inactive participants	2021-01-01	66
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	2
Total participants	2021-01-01	68
Number of participants with account balances	2021-01-01	66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	82
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	73
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	1
Total of all active and inactive participants	2020-01-01	74
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	75
Number of participants with account balances	2020-01-01	71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	87
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	78
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	3
Total of all active and inactive participants	2019-01-01	81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	82
Number of participants with account balances	2019-01-01	80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	84
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	85
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	1
Total of all active and inactive participants	2018-01-01	86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	1
Total participants	2018-01-01	87
Number of participants with account balances	2018-01-01	85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	76
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	81
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	2
Total of all active and inactive participants	2017-01-01	83
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	1
Total participants	2017-01-01	84
Number of participants with account balances	2017-01-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	73
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	73
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	2
Total of all active and inactive participants	2016-01-01	75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	1
Total participants	2016-01-01	76
Number of participants with account balances	2016-01-01	75
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	69
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	73
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	73
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	73
Number of participants with account balances	2015-01-01	67
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-09-15	70
Total number of active participants reported on line 7a of the Form 5500	2014-09-15	69
Number of retired or separated participants receiving benefits	2014-09-15	0
Number of other retired or separated participants entitled to future benefits	2014-09-15	0
Total of all active and inactive participants	2014-09-15	69
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-09-15	0
Total participants	2014-09-15	69
Number of participants with account balances	2014-09-15	69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-09-15	0

Financial Data on INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN

Measure	Date	Value
2024 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2024 401k financial data
Transfers to/from the plan	2024-01-01	$0
Total plan liabilities at end of year	2024-01-01	$0
Total plan liabilities at beginning of year	2024-01-01	$0
Total income from all sources	2024-01-01	$379,957
Expenses. Total of all expenses incurred	2024-01-01	$127,647
Benefits paid (including direct rollovers)	2024-01-01	$122,755
Total plan assets at end of year	2024-01-01	$1,847,091
Total plan assets at beginning of year	2024-01-01	$1,594,781
Value of fidelity bond covering the plan	2024-01-01	$500,000
Assets. Value of tangible personal property	2024-01-01	$0
Total contributions received or receivable from participants	2024-01-01	$99,279
Assets. Value of loans (other than to participants)	2024-01-01	$0
Expenses. Other expenses not covered elsewhere	2024-01-01	$0
Contributions received from other sources (not participants or employers)	2024-01-01	$0
Other income received	2024-01-01	$175,190
Noncash contributions received	2024-01-01	$0
Net income (gross income less expenses)	2024-01-01	$252,310
Net plan assets at end of year (total assets less liabilities)	2024-01-01	$1,847,091
Net plan assets at beginning of year (total assets less liabilities)	2024-01-01	$1,594,781
Assets. Value of participant loans	2024-01-01	$0
Assets. Value of assets in partnership/joint-venture interests	2024-01-01	$0
Assets. Value of real-estate (other than employer real property)	2024-01-01	$0
Assets. Value of employer securities	2024-01-01	$0
Assets. Value of employer real property	2024-01-01	$0
Total contributions received or receivable from employer(s)	2024-01-01	$105,488
Value of certain deemed distributions of participant loans	2024-01-01	$0
Value of corrective distributions	2024-01-01	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2024-01-01	$4,892
2023 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2023 401k financial data
Transfers to/from the plan	2023-12-31	$0
Total plan liabilities at end of year	2023-12-31	$0
Total plan liabilities at beginning of year	2023-12-31	$0
Total income from all sources	2023-12-31	$415,388
Expenses. Total of all expenses incurred	2023-12-31	$183,675
Benefits paid (including direct rollovers)	2023-12-31	$178,581
Total plan assets at end of year	2023-12-31	$1,594,781
Total plan assets at beginning of year	2023-12-31	$1,363,068
Value of fidelity bond covering the plan	2023-12-31	$500,000
Assets. Value of tangible personal property	2023-12-31	$0
Total contributions received or receivable from participants	2023-12-31	$85,388
Assets. Value of loans (other than to participants)	2023-12-31	$0
Expenses. Other expenses not covered elsewhere	2023-12-31	$0
Contributions received from other sources (not participants or employers)	2023-12-31	$0
Other income received	2023-12-31	$218,663
Noncash contributions received	2023-12-31	$0
Net income (gross income less expenses)	2023-12-31	$231,713
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$1,594,781
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$1,363,068
Assets. Value of participant loans	2023-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2023-12-31	$0
Assets. Value of real-estate (other than employer real property)	2023-12-31	$0
Assets. Value of employer securities	2023-12-31	$0
Assets. Value of employer real property	2023-12-31	$0
Total contributions received or receivable from employer(s)	2023-12-31	$111,337
Value of certain deemed distributions of participant loans	2023-12-31	$0
Value of corrective distributions	2023-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$5,094
2022 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$-32,712
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-59,094
Expenses. Total of all expenses incurred	2022-12-31	$116,019
Benefits paid (including direct rollovers)	2022-12-31	$111,551
Total plan assets at end of year	2022-12-31	$1,363,068
Total plan assets at beginning of year	2022-12-31	$1,570,893
Value of fidelity bond covering the plan	2022-12-31	$500,000
Total contributions received or receivable from participants	2022-12-31	$93,828
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-251,567
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-175,113
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$1,363,068
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$1,570,893
Total contributions received or receivable from employer(s)	2022-12-31	$98,645
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$4,468
2021 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$373,413
Expenses. Total of all expenses incurred	2021-12-31	$120,315
Benefits paid (including direct rollovers)	2021-12-31	$115,690
Total plan assets at end of year	2021-12-31	$1,570,893
Total plan assets at beginning of year	2021-12-31	$1,317,795
Value of fidelity bond covering the plan	2021-12-31	$500,000
Assets. Value of tangible personal property	2021-12-31	$0
Total contributions received or receivable from participants	2021-12-31	$92,250
Assets. Value of loans (other than to participants)	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$7,443
Other income received	2021-12-31	$164,990
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$253,098
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$1,570,893
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$1,317,795
Assets. Value of participant loans	2021-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Assets. Value of employer real property	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$108,730
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$4,625
2020 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$382,966
Expenses. Total of all expenses incurred	2020-12-31	$94,039
Benefits paid (including direct rollovers)	2020-12-31	$89,314
Total plan assets at end of year	2020-12-31	$1,317,795
Total plan assets at beginning of year	2020-12-31	$1,028,868
Value of fidelity bond covering the plan	2020-12-31	$500,000
Assets. Value of tangible personal property	2020-12-31	$0
Total contributions received or receivable from participants	2020-12-31	$100,710
Assets. Value of loans (other than to participants)	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$175,946
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$288,927
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$1,317,795
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$1,028,868
Assets. Value of participant loans	2020-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$0
Assets. Value of real-estate (other than employer real property)	2020-12-31	$0
Assets. Value of employer securities	2020-12-31	$0
Assets. Value of employer real property	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$106,310
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$4,725
2019 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$393,051
Expenses. Total of all expenses incurred	2019-12-31	$89,949
Benefits paid (including direct rollovers)	2019-12-31	$84,874
Total plan assets at end of year	2019-12-31	$1,028,868
Total plan assets at beginning of year	2019-12-31	$725,766
Value of fidelity bond covering the plan	2019-12-31	$500,000
Total contributions received or receivable from participants	2019-12-31	$99,456
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$169,795
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$303,102
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$1,028,868
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$725,766
Total contributions received or receivable from employer(s)	2019-12-31	$123,800
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$5,075
2018 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$169,209
Expenses. Total of all expenses incurred	2018-12-31	$35,546
Benefits paid (including direct rollovers)	2018-12-31	$31,196
Total plan assets at end of year	2018-12-31	$725,766
Total plan assets at beginning of year	2018-12-31	$592,103
Value of fidelity bond covering the plan	2018-12-31	$500,000
Total contributions received or receivable from participants	2018-12-31	$96,030
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$-54,778
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$133,663
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$725,766
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$592,103
Total contributions received or receivable from employer(s)	2018-12-31	$127,957
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$4,350
2017 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2017 401k financial data
Transfers to/from the plan	2017-12-31	$0
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$272,586
Expenses. Total of all expenses incurred	2017-12-31	$51,399
Benefits paid (including direct rollovers)	2017-12-31	$46,949
Total plan assets at end of year	2017-12-31	$592,103
Total plan assets at beginning of year	2017-12-31	$370,916
Value of fidelity bond covering the plan	2017-12-31	$500,000
Assets. Value of tangible personal property	2017-12-31	$0
Total contributions received or receivable from participants	2017-12-31	$82,585
Assets. Value of loans (other than to participants)	2017-12-31	$0
Expenses. Other expenses not covered elsewhere	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$0
Other income received	2017-12-31	$78,805
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$221,187
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$592,103
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$370,916
Assets. Value of participant loans	2017-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2017-12-31	$0
Assets. Value of real-estate (other than employer real property)	2017-12-31	$0
Assets. Value of employer securities	2017-12-31	$0
Assets. Value of employer real property	2017-12-31	$0
Total contributions received or receivable from employer(s)	2017-12-31	$111,196
Value of certain deemed distributions of participant loans	2017-12-31	$0
Value of corrective distributions	2017-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$4,450
2016 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2016 401k financial data
Transfers to/from the plan	2016-12-31	$0
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$206,397
Expenses. Total of all expenses incurred	2016-12-31	$18,667
Benefits paid (including direct rollovers)	2016-12-31	$14,392
Total plan assets at end of year	2016-12-31	$370,916
Total plan assets at beginning of year	2016-12-31	$183,186
Value of fidelity bond covering the plan	2016-12-31	$500,000
Total contributions received or receivable from participants	2016-12-31	$70,687
Expenses. Other expenses not covered elsewhere	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$0
Other income received	2016-12-31	$23,235
Noncash contributions received	2016-12-31	$0
Net income (gross income less expenses)	2016-12-31	$187,730
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$370,916
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$183,186
Total contributions received or receivable from employer(s)	2016-12-31	$112,475
Value of certain deemed distributions of participant loans	2016-12-31	$0
Value of corrective distributions	2016-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$4,275
2015 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2015 401k financial data
Transfers to/from the plan	2015-12-31	$0
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$142,144
Expenses. Total of all expenses incurred	2015-12-31	$7,970
Benefits paid (including direct rollovers)	2015-12-31	$4,270
Total plan assets at end of year	2015-12-31	$183,186
Total plan assets at beginning of year	2015-12-31	$49,012
Value of fidelity bond covering the plan	2015-12-31	$500,000
Total contributions received or receivable from participants	2015-12-31	$45,692
Expenses. Other expenses not covered elsewhere	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$0
Other income received	2015-12-31	$-2,858
Noncash contributions received	2015-12-31	$0
Net income (gross income less expenses)	2015-12-31	$134,174
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$183,186
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$49,012
Total contributions received or receivable from employer(s)	2015-12-31	$99,310
Value of certain deemed distributions of participant loans	2015-12-31	$0
Value of corrective distributions	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$3,700
2014 : INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$49,763
Expenses. Total of all expenses incurred	2014-12-31	$751
Benefits paid (including direct rollovers)	2014-12-31	$0
Total plan assets at end of year	2014-12-31	$49,012
Total plan assets at beginning of year	2014-12-31	$0
Value of fidelity bond covering the plan	2014-12-31	$500,000
Total contributions received or receivable from participants	2014-12-31	$0
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$748
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$49,012
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$49,012
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$0
Total contributions received or receivable from employer(s)	2014-12-31	$49,015
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$751

Form 5500 Responses for INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN

2023: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	This submission is the final filing	No
2023-01-01	Plan is a collectively bargained plan	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	This submission is the final filing	No
2020-01-01	Plan is a collectively bargained plan	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: INNOVATIVE PLASTICS CORPORATION UNION 401(K) PLAN 2014 form 5500 responses
2014-09-15	Type of plan entity	Single employer plan
2014-09-15	First time form 5500 has been submitted	Yes
2014-09-15	Submission has been amended	No
2014-09-15	This submission is the final filing	No
2014-09-15	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-09-15	Plan is a collectively bargained plan	No
2014-09-15	Plan funding arrangement – Trust	Yes
2014-09-15	Plan benefit arrangement - Trust	Yes

Potentially related plans

INNOVATIVE PLASTICS, INC. AND CMC MARINE, INC. 401(K) PLAN [EIN = 631011045]

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Company Name:	INNOVATIVE PLASTICS CORPORATION
Employer identification number (EIN):	133386684
NAIC Classification:	326100

Plan id#	Filing Submission Date	Name of Administrator
002	2024-01-01	PETER STREITMAN
002	2023-01-01
002	2023-01-01	PETER STREITMAN
002	2022-01-01
002	2022-01-01	PETER STREITMAN
002	2021-01-01
002	2021-01-01	JANICE ASARO
002	2020-01-01
002	2019-01-01
002	2018-01-01	JANICE ASARO
002	2017-01-01	JANICE ASARO
002	2016-01-01	JANICE ASARO
002	2015-01-01	JANICE ASARO
002	2014-09-15	PETER STREITMAN