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GORMAN BROS., INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameGORMAN BROS., INC. PROFIT SHARING PLAN
Plan identification number 001

GORMAN BROS., INC. 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

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

Company Name:GORMAN BROS., INC.
Employer identification number (EIN):140704840
NAIC Classification:237310
NAIC Description:Highway, Street, and Bridge Construction

Additional information about GORMAN BROS., INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1933-04-13
Company Identification Number: 44629
Legal Registered Office Address: 200 CHURCH STREET
Albany
ALBANY
United States of America (USA)
12202

More information about GORMAN BROS., INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GORMAN BROS., INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01SAMANTHA GAZZILLO2023-10-12
0012021-01-01SAMANTHA GAZZILLO2022-10-12
0012020-01-01SAMANTHA GAZZILLO2021-10-14
0012019-01-01JOSEPH FARONE2020-10-13
0012018-01-01JOSEPH FARONE2019-10-10
0012017-01-01
0012016-01-01
0012015-01-01ALBERT GORMAN ALBERT GORMAN2016-10-14
0012014-01-01ALBERT GORMAN ALBERT GORMAN2015-10-15
0012013-01-01ALBERT GORMAN ALBERT GORMAN2014-10-10
0012012-01-01ALBERT GORMAN ALBERTGORMAN2013-10-14
0012011-01-01ALBERT GORMAN ALBERT GORMAN2012-10-12
0012009-01-01ALBERT M. GORMAN ALBERT M. GORMAN2010-10-15

Plan Statistics for GORMAN BROS., INC. PROFIT SHARING PLAN

401k plan membership statisitcs for GORMAN BROS., INC. PROFIT SHARING PLAN

Measure Date Value
2022: GORMAN BROS., INC. PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01284
Total number of active participants reported on line 7a of the Form 55002022-01-01232
Number of retired or separated participants receiving benefits2022-01-017
Number of other retired or separated participants entitled to future benefits2022-01-0180
Total of all active and inactive participants2022-01-01319
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01320
Number of participants with account balances2022-01-01266
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0116
2021: GORMAN BROS., INC. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01278
Total number of active participants reported on line 7a of the Form 55002021-01-01208
Number of retired or separated participants receiving benefits2021-01-017
Number of other retired or separated participants entitled to future benefits2021-01-0171
Total of all active and inactive participants2021-01-01286
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01287
Number of participants with account balances2021-01-01256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0110
2020: GORMAN BROS., INC. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01272
Total number of active participants reported on line 7a of the Form 55002020-01-01193
Number of retired or separated participants receiving benefits2020-01-013
Number of other retired or separated participants entitled to future benefits2020-01-0179
Total of all active and inactive participants2020-01-01275
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01275
Number of participants with account balances2020-01-01153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0116
2019: GORMAN BROS., INC. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01268
Total number of active participants reported on line 7a of the Form 55002019-01-01210
Number of retired or separated participants receiving benefits2019-01-013
Number of other retired or separated participants entitled to future benefits2019-01-0160
Total of all active and inactive participants2019-01-01273
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01274
Number of participants with account balances2019-01-01245
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0117
2018: GORMAN BROS., INC. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01259
Total number of active participants reported on line 7a of the Form 55002018-01-01183
Number of retired or separated participants receiving benefits2018-01-015
Number of other retired or separated participants entitled to future benefits2018-01-0153
Total of all active and inactive participants2018-01-01241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01242
Number of participants with account balances2018-01-01231
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0116
2017: GORMAN BROS., INC. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01272
Total number of active participants reported on line 7a of the Form 55002017-01-01198
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-0158
Total of all active and inactive participants2017-01-01258
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01259
Number of participants with account balances2017-01-01239
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0114
2016: GORMAN BROS., INC. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01212
Total number of active participants reported on line 7a of the Form 55002016-01-01208
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-0163
Total of all active and inactive participants2016-01-01272
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01272
Number of participants with account balances2016-01-01248
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0112
2015: GORMAN BROS., INC. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01298
Total number of active participants reported on line 7a of the Form 55002015-01-01174
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01114
Total of all active and inactive participants2015-01-01288
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-013
Total participants2015-01-01291
Number of participants with account balances2015-01-01278
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: GORMAN BROS., INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01302
Total number of active participants reported on line 7a of the Form 55002014-01-01179
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01115
Total of all active and inactive participants2014-01-01294
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-01295
Number of participants with account balances2014-01-01285
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0112
2013: GORMAN BROS., INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01296
Total number of active participants reported on line 7a of the Form 55002013-01-01180
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01115
Total of all active and inactive participants2013-01-01295
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-012
Total participants2013-01-01297
Number of participants with account balances2013-01-01289
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: GORMAN BROS., INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01307
Total number of active participants reported on line 7a of the Form 55002012-01-01177
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01114
Total of all active and inactive participants2012-01-01291
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-012
Total participants2012-01-01293
Number of participants with account balances2012-01-01282
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-018
2011: GORMAN BROS., INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01296
Total number of active participants reported on line 7a of the Form 55002011-01-01180
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01113
Total of all active and inactive participants2011-01-01293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-013
Total participants2011-01-01296
Number of participants with account balances2011-01-01294
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-018
2009: GORMAN BROS., INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01294
Total number of active participants reported on line 7a of the Form 55002009-01-01193
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01104
Total of all active and inactive participants2009-01-01297
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01298
Number of participants with account balances2009-01-01297
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015

Financial Data on GORMAN BROS., INC. PROFIT SHARING PLAN

Measure Date Value
2022 : GORMAN BROS., INC. PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-4,596,093
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,822,602
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,662,775
Expenses. Certain deemed distributions of participant loans2022-12-31$13,158
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,169,120
Value of total assets at end of year2022-12-31$29,649,883
Value of total assets at beginning of year2022-12-31$36,068,578
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$146,669
Total interest from all sources2022-12-31$13,096
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$621,704
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$621,704
Administrative expenses professional fees incurred2022-12-31$66,605
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$757,460
Participant contributions at end of year2022-12-31$245,441
Participant contributions at beginning of year2022-12-31$206,326
Participant contributions at end of year2022-12-31$75,754
Participant contributions at beginning of year2022-12-31$49,919
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$23,357
Other income not declared elsewhere2022-12-31$29
Total non interest bearing cash at end of year2022-12-31$949
Total non interest bearing cash at beginning of year2022-12-31$214,098
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-6,418,695
Value of net assets at end of year (total assets less liabilities)2022-12-31$29,649,883
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$36,068,578
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$80,064
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$26,961,700
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$33,725,416
Interest on participant loans2022-12-31$13,096
Value of interest in common/collective trusts at end of year2022-12-31$977,736
Value of interest in common/collective trusts at beginning of year2022-12-31$670,923
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-7,416,671
Net investment gain or loss from common/collective trusts2022-12-31$16,629
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$1,388,303
Employer contributions (assets) at end of year2022-12-31$1,388,303
Employer contributions (assets) at beginning of year2022-12-31$1,201,896
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,662,775
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BROWN & FITZGERALD, P.C.
Accountancy firm EIN2022-12-31141630137
2021 : GORMAN BROS., INC. PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$6,326,012
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,163,619
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,982,389
Expenses. Certain deemed distributions of participant loans2021-12-31$34,253
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,900,729
Value of total assets at end of year2021-12-31$36,068,578
Value of total assets at beginning of year2021-12-31$32,906,185
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$146,977
Total interest from all sources2021-12-31$9,898
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,469,910
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$2,469,910
Administrative expenses professional fees incurred2021-12-31$59,705
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$670,215
Participant contributions at end of year2021-12-31$206,326
Participant contributions at beginning of year2021-12-31$139,420
Participant contributions at end of year2021-12-31$49,919
Participant contributions at beginning of year2021-12-31$52,519
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$28,618
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$765
Other income not declared elsewhere2021-12-31$218
Total non interest bearing cash at end of year2021-12-31$214,098
Total non interest bearing cash at beginning of year2021-12-31$77,179
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$3,162,393
Value of net assets at end of year (total assets less liabilities)2021-12-31$36,068,578
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$32,906,185
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$87,272
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$33,725,416
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$31,175,101
Interest on participant loans2021-12-31$9,898
Value of interest in common/collective trusts at end of year2021-12-31$670,923
Value of interest in common/collective trusts at beginning of year2021-12-31$688,453
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,933,045
Net investment gain or loss from common/collective trusts2021-12-31$12,212
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,201,896
Employer contributions (assets) at end of year2021-12-31$1,201,896
Employer contributions (assets) at beginning of year2021-12-31$773,513
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,981,624
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BROWN & FITZGERALD, P.C.
Accountancy firm EIN2021-12-31141630137
2020 : GORMAN BROS., INC. PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$5,836,463
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,620,940
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,503,253
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,681,352
Value of total assets at end of year2020-12-31$32,906,185
Value of total assets at beginning of year2020-12-31$28,690,662
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$117,687
Total interest from all sources2020-12-31$6,547
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$931,489
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$931,489
Administrative expenses professional fees incurred2020-12-31$42,630
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$615,370
Participant contributions at end of year2020-12-31$139,420
Participant contributions at beginning of year2020-12-31$111,702
Participant contributions at end of year2020-12-31$52,519
Participant contributions at beginning of year2020-12-31$65,641
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$283,239
Other income not declared elsewhere2020-12-31$21,235
Total non interest bearing cash at end of year2020-12-31$77,179
Total non interest bearing cash at beginning of year2020-12-31$1,802
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$4,215,523
Value of net assets at end of year (total assets less liabilities)2020-12-31$32,906,185
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$28,690,662
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$75,057
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$31,175,101
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$26,138,221
Interest on participant loans2020-12-31$6,547
Value of interest in common/collective trusts at end of year2020-12-31$688,453
Value of interest in common/collective trusts at beginning of year2020-12-31$1,017,397
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$3,178,870
Net investment gain or loss from common/collective trusts2020-12-31$16,970
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$782,743
Employer contributions (assets) at end of year2020-12-31$773,513
Employer contributions (assets) at beginning of year2020-12-31$1,355,899
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,503,253
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BROWN & FITZGERALD, P.C.
Accountancy firm EIN2020-12-31141630137
2019 : GORMAN BROS., INC. PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$7,091,608
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$3,220,458
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,099,623
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,118,581
Value of total assets at end of year2019-12-31$28,690,662
Value of total assets at beginning of year2019-12-31$24,819,512
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$120,835
Total interest from all sources2019-12-31$5,349
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$943,655
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$943,655
Administrative expenses professional fees incurred2019-12-31$49,477
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$692,290
Participant contributions at end of year2019-12-31$111,702
Participant contributions at beginning of year2019-12-31$80,924
Participant contributions at end of year2019-12-31$65,641
Participant contributions at beginning of year2019-12-31$109,266
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$70,392
Administrative expenses (other) incurred2019-12-31$32
Total non interest bearing cash at end of year2019-12-31$1,802
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$3,871,150
Value of net assets at end of year (total assets less liabilities)2019-12-31$28,690,662
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$24,819,512
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$71,326
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$26,138,221
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$22,311,593
Interest on participant loans2019-12-31$5,349
Value of interest in common/collective trusts at end of year2019-12-31$1,017,397
Value of interest in common/collective trusts at beginning of year2019-12-31$972,958
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$4,002,960
Net investment gain or loss from common/collective trusts2019-12-31$21,063
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,355,899
Employer contributions (assets) at end of year2019-12-31$1,355,899
Employer contributions (assets) at beginning of year2019-12-31$1,344,771
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,099,623
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BROWN & FITZGERALD, P.C.
Accountancy firm EIN2019-12-31141630137
2018 : GORMAN BROS., INC. PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$703,333
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$1,692,045
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,572,906
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$2,043,428
Value of total assets at end of year2018-12-31$24,819,512
Value of total assets at beginning of year2018-12-31$25,808,224
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$119,139
Total interest from all sources2018-12-31$2,591
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,355,632
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$1,355,632
Administrative expenses professional fees incurred2018-12-31$48,741
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$697,458
Participant contributions at end of year2018-12-31$80,924
Participant contributions at beginning of year2018-12-31$36,116
Participant contributions at end of year2018-12-31$109,266
Participant contributions at beginning of year2018-12-31$79,726
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$1,199
Total non interest bearing cash at beginning of year2018-12-31$8
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-988,712
Value of net assets at end of year (total assets less liabilities)2018-12-31$24,819,512
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$25,808,224
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$70,398
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$22,311,593
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$23,814,141
Interest on participant loans2018-12-31$2,591
Value of interest in common/collective trusts at end of year2018-12-31$972,958
Value of interest in common/collective trusts at beginning of year2018-12-31$831,446
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-2,715,400
Net investment gain or loss from common/collective trusts2018-12-31$17,082
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$1,344,771
Employer contributions (assets) at end of year2018-12-31$1,344,771
Employer contributions (assets) at beginning of year2018-12-31$1,046,787
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,572,906
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BROWN & FITZGERALD, P.C.
Accountancy firm EIN2018-12-31141630137
2017 : GORMAN BROS., INC. PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
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$5,240,837
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,769,505
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,656,976
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,746,822
Value of total assets at end of year2017-12-31$25,808,224
Value of total assets at beginning of year2017-12-31$22,336,892
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$112,529
Total interest from all sources2017-12-31$975
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$995,732
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$995,732
Administrative expenses professional fees incurred2017-12-31$8,800
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
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$700,035
Participant contributions at end of year2017-12-31$36,116
Participant contributions at beginning of year2017-12-31$26,488
Participant contributions at end of year2017-12-31$79,726
Participant contributions at beginning of year2017-12-31$42,728
Other income not declared elsewhere2017-12-31$347
Total non interest bearing cash at end of year2017-12-31$8
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$3,471,332
Value of net assets at end of year (total assets less liabilities)2017-12-31$25,808,224
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$22,336,892
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
Investment advisory and management fees2017-12-31$67,014
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$23,814,141
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$20,354,615
Interest on participant loans2017-12-31$975
Value of interest in common/collective trusts at end of year2017-12-31$831,446
Value of interest in common/collective trusts at beginning of year2017-12-31$1,181,308
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$2,481,414
Net investment gain or loss from common/collective trusts2017-12-31$15,547
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$1,046,787
Employer contributions (assets) at end of year2017-12-31$1,046,787
Employer contributions (assets) at beginning of year2017-12-31$731,753
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,656,976
Contract administrator fees2017-12-31$36,715
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 name2017-12-31BROWN & FITZGERALD, P.C.
Accountancy firm EIN2017-12-31141630137
2016 : GORMAN BROS., INC. 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$2,659,718
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$3,261,920
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$3,145,679
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,397,938
Value of total assets at end of year2016-12-31$22,336,892
Value of total assets at beginning of year2016-12-31$22,939,094
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$116,241
Total interest from all sources2016-12-31$878
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$360,569
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$360,569
Administrative expenses professional fees incurred2016-12-31$17,600
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$661,782
Participant contributions at end of year2016-12-31$26,488
Participant contributions at beginning of year2016-12-31$34,566
Participant contributions at end of year2016-12-31$42,728
Participant contributions at beginning of year2016-12-31$101,354
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$4,403
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-602,202
Value of net assets at end of year (total assets less liabilities)2016-12-31$22,336,892
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$22,939,094
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$60,960
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$20,354,615
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$21,913,015
Interest on participant loans2016-12-31$878
Value of interest in common/collective trusts at end of year2016-12-31$1,181,308
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$900,333
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 contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$731,753
Employer contributions (assets) at end of year2016-12-31$731,753
Employer contributions (assets) at beginning of year2016-12-31$890,159
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$3,145,679
Contract administrator fees2016-12-31$37,681
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 name2016-12-31BROWN AND FITZGERALD, P.C.
Accountancy firm EIN2016-12-31141630137
2015 : GORMAN BROS., INC. PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,000,441
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$2,905,744
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$2,810,342
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,561,212
Value of total assets at end of year2015-12-31$22,939,094
Value of total assets at beginning of year2015-12-31$24,844,397
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$95,402
Total interest from all sources2015-12-31$2,061
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$671,053
Participant contributions at end of year2015-12-31$34,566
Participant contributions at beginning of year2015-12-31$46,794
Participant contributions at end of year2015-12-31$101,354
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-1,905,303
Value of net assets at end of year (total assets less liabilities)2015-12-31$22,939,094
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$24,844,397
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$47,609
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$21,913,015
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$24,078,570
Interest on participant loans2015-12-31$2,061
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-562,832
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$890,159
Employer contributions (assets) at end of year2015-12-31$890,159
Employer contributions (assets) at beginning of year2015-12-31$719,033
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$2,810,342
Contract administrator fees2015-12-31$47,793
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31TEAL, BECKER & CHIARMONTE
Accountancy firm EIN2015-12-31141624930
2014 : GORMAN BROS., INC. PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$2,577,972
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$1,725,469
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,648,030
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,375,993
Value of total assets at end of year2014-12-31$24,844,397
Value of total assets at beginning of year2014-12-31$23,991,894
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$77,439
Total interest from all sources2014-12-31$2,359
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$490,834
Participant contributions at end of year2014-12-31$46,794
Participant contributions at beginning of year2014-12-31$62,126
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$166,126
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$852,503
Value of net assets at end of year (total assets less liabilities)2014-12-31$24,844,397
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$23,991,894
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$25,515
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$24,078,570
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$23,316,122
Interest on participant loans2014-12-31$2,359
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$1,199,620
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$719,033
Employer contributions (assets) at end of year2014-12-31$719,033
Employer contributions (assets) at beginning of year2014-12-31$613,646
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,648,030
Contract administrator fees2014-12-31$51,924
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31TEAL, BECKER & CHIARMONTE
Accountancy firm EIN2014-12-31141624930
2013 : GORMAN BROS., INC. PROFIT SHARING PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$4,716,264
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,132,533
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,058,560
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,131,142
Value of total assets at end of year2013-12-31$23,991,894
Value of total assets at beginning of year2013-12-31$20,408,163
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$73,973
Total interest from all sources2013-12-31$2,995
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$1,368,511
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$1,368,511
Administrative expenses professional fees incurred2013-12-31$8,600
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$463,293
Participant contributions at end of year2013-12-31$62,126
Participant contributions at beginning of year2013-12-31$97,924
Participant contributions at beginning of year2013-12-31$14,076
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$54,203
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$3,583,731
Value of net assets at end of year (total assets less liabilities)2013-12-31$23,991,894
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$20,408,163
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$31,235
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$23,316,122
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$19,539,077
Interest on participant loans2013-12-31$2,995
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$2,213,616
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$613,646
Employer contributions (assets) at end of year2013-12-31$613,646
Employer contributions (assets) at beginning of year2013-12-31$757,086
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,058,560
Contract administrator fees2013-12-31$34,138
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31TEAL, BECKER & CHIARMONTE
Accountancy firm EIN2013-12-31141624930
2012 : GORMAN BROS., INC. PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$3,449,359
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$2,979,989
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$2,900,739
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,157,382
Value of total assets at end of year2012-12-31$20,408,163
Value of total assets at beginning of year2012-12-31$19,938,793
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$79,250
Total interest from all sources2012-12-31$4,734
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$564,406
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$564,406
Administrative expenses professional fees incurred2012-12-31$8,400
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$400,296
Participant contributions at end of year2012-12-31$97,924
Participant contributions at beginning of year2012-12-31$142,356
Participant contributions at end of year2012-12-31$14,076
Participant contributions at beginning of year2012-12-31$14,901
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$469,370
Value of net assets at end of year (total assets less liabilities)2012-12-31$20,408,163
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$19,938,793
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$39,747
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$19,539,077
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$19,404,687
Interest on participant loans2012-12-31$4,734
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,722,837
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$757,086
Employer contributions (assets) at end of year2012-12-31$757,086
Employer contributions (assets) at beginning of year2012-12-31$376,849
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$2,900,739
Contract administrator fees2012-12-31$31,103
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31TEAL, BECKER & CHIARMONTE
Accountancy firm EIN2012-12-31141624930
2011 : GORMAN BROS., INC. PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$190,875
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$4,238,587
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,152,093
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$785,692
Value of total assets at end of year2011-12-31$19,938,793
Value of total assets at beginning of year2011-12-31$23,986,505
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$86,494
Total interest from all sources2011-12-31$22,264
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$458,457
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$458,457
Administrative expenses professional fees incurred2011-12-31$8,400
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$408,996
Participant contributions at end of year2011-12-31$142,356
Participant contributions at beginning of year2011-12-31$228,468
Participant contributions at end of year2011-12-31$14,901
Participant contributions at beginning of year2011-12-31$14,932
Administrative expenses (other) incurred2011-12-31$232
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-4,047,712
Value of net assets at end of year (total assets less liabilities)2011-12-31$19,938,793
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$23,986,505
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$75,683
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$19,404,687
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$23,217,691
Interest on participant loans2011-12-31$22,264
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-1,075,538
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$376,696
Employer contributions (assets) at end of year2011-12-31$376,849
Employer contributions (assets) at beginning of year2011-12-31$525,414
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,152,093
Contract administrator fees2011-12-31$2,179
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31TEAL, BECKER & CHIARMONTE
Accountancy firm EIN2011-12-31141624930
2010 : GORMAN BROS., INC. PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$3,314,261
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$628,323
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$544,828
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$974,247
Value of total assets at end of year2010-12-31$23,986,505
Value of total assets at beginning of year2010-12-31$21,300,567
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$83,495
Total interest from all sources2010-12-31$7,133
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$422,107
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$422,107
Administrative expenses professional fees incurred2010-12-31$8,400
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$414,252
Participant contributions at end of year2010-12-31$228,468
Participant contributions at beginning of year2010-12-31$230,979
Participant contributions at end of year2010-12-31$14,932
Participant contributions at beginning of year2010-12-31$15,099
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$36,802
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$2,685,938
Value of net assets at end of year (total assets less liabilities)2010-12-31$23,986,505
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$21,300,567
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$30,751
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$23,217,691
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$20,612,796
Interest on participant loans2010-12-31$7,133
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,910,774
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$523,193
Employer contributions (assets) at end of year2010-12-31$525,414
Employer contributions (assets) at beginning of year2010-12-31$441,693
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$544,828
Contract administrator fees2010-12-31$44,344
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31TEAL, BECKER & CHIARMONTE
Accountancy firm EIN2010-12-31141624930
2009 : GORMAN BROS., INC. PROFIT SHARING PLAN 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 GORMAN BROS., INC. PROFIT SHARING PLAN

2022: GORMAN BROS., INC. PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: GORMAN BROS., INC. PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: GORMAN BROS., INC. PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: GORMAN BROS., INC. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: GORMAN BROS., INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: GORMAN BROS., INC. PROFIT SHARING PLAN 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 – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: GORMAN BROS., INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
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
2015: GORMAN BROS., INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: GORMAN BROS., INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: GORMAN BROS., INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: GORMAN BROS., INC. PROFIT SHARING 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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: GORMAN BROS., INC. PROFIT SHARING 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: GORMAN BROS., INC. PROFIT SHARING 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

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