401k Plan data: SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN plan

SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN
Plan identification number	001

SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

SCHATZ BEARING CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: SCHATZ BEARING CORPORATION

Employer identification number (EIN): 141630504

NAIC Classification: 339900

Additional information about SCHATZ BEARING CORPORATION

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1981-12-21

Company Identification Number: 738249

Legal Registered Office Address: 10 Fairview Avenue, Poughkeepsie, NY 12601
Dutchess
Poughkeepsie
United States of America (USA)
12601

More information about SCHATZ BEARING CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01 STEPHEN D.E. POMEROY 2021-10-11
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01 BRAD EUKER 2017-07-21 BRAD EUKER 2017-07-21
001 2015-01-01 BRAD EUKER 2016-06-28 BRAD EUKER 2016-06-28
001 2014-01-01 BRAD EUKER 2015-07-06 BRAD EUKER 2015-07-06
001 2013-01-01 STEPHEN POMEROY 2014-07-09 STEPHEN POMEROY 2014-07-09
001 2012-01-01 STEPHEN D E POMEROY 2013-06-27 STEPHEN D E POMEROY 2013-06-27
001 2011-01-01 STEPHEN D E POMEROY 2012-06-18
001 2009-01-01 STEPHEN POMEROY

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01
001	2022-01-01
001	2021-01-01
001	2020-01-01	STEPHEN D.E. POMEROY	2021-10-11
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01	BRAD EUKER	2017-07-21	BRAD EUKER	2017-07-21
001	2015-01-01	BRAD EUKER	2016-06-28	BRAD EUKER	2016-06-28
001	2014-01-01	BRAD EUKER	2015-07-06	BRAD EUKER	2015-07-06
001	2013-01-01	STEPHEN POMEROY	2014-07-09	STEPHEN POMEROY	2014-07-09
001	2012-01-01	STEPHEN D E POMEROY	2013-06-27	STEPHEN D E POMEROY	2013-06-27
001	2011-01-01	STEPHEN D E POMEROY	2012-06-18
001	2009-01-01	STEPHEN POMEROY

Plan Statistics for SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2020: SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 76
Number of retired or separated participants receiving benefits 2020-01-01 1
Number of other retired or separated participants entitled to future benefits 2020-01-01 19
Total of all active and inactive participants 2020-01-01 96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 2
Total participants 2020-01-01 98
Number of participants with account balances 2020-01-01 95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 7
2009: SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 77
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 60
Number of retired or separated participants receiving benefits 2009-01-01 3
Number of other retired or separated participants entitled to future benefits 2009-01-01 35
Total of all active and inactive participants 2009-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 98
Number of participants with account balances 2009-01-01 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 11

Measure	Date	Value
2020: SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	76
Number of retired or separated participants receiving benefits	2020-01-01	1
Number of other retired or separated participants entitled to future benefits	2020-01-01	19
Total of all active and inactive participants	2020-01-01	96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	2
Total participants	2020-01-01	98
Number of participants with account balances	2020-01-01	95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	7
2009: SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	77
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	60
Number of retired or separated participants receiving benefits	2009-01-01	3
Number of other retired or separated participants entitled to future benefits	2009-01-01	35
Total of all active and inactive participants	2009-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	98
Number of participants with account balances	2009-01-01	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	11

Financial Data on SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2020 : SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$0
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total transfer of assets to this plan	2020-12-31	$0
Total transfer of assets from this plan	2020-12-31	$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	$820,634
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$510,067
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$483,136
Expenses. Certain deemed distributions of participant loans	2020-12-31	$20,961
Value of total corrective distributions	2020-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$340,039
Value of total assets at end of year	2020-12-31	$4,568,536
Value of total assets at beginning of year	2020-12-31	$4,257,969
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$5,970
Total interest from all sources	2020-12-31	$23,651
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$0
Assets. Real estate other than employer real property at end of year	2020-12-31	$0
Assets. Real estate other than employer real property at beginning of year	2020-12-31	$0
Assets. Corporate prefeered stocks other than exployer securities at end of year	2020-12-31	$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year	2020-12-31	$0
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$245,557
Participant contributions at end of year	2020-12-31	$54,339
Participant contributions at beginning of year	2020-12-31	$68,157
Participant contributions at end of year	2020-12-31	$0
Participant contributions at beginning of year	2020-12-31	$0
Assets. Other investments not covered elsewhere at end of year	2020-12-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$39,550
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2020-12-31	$0
Assets. Loans (other than to participants) at end of year	2020-12-31	$0
Assets. Loans (other than to participants) at beginning of year	2020-12-31	$0
Other income not declared elsewhere	2020-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Income. Non cash contributions	2020-12-31	$0
Value of net income/loss	2020-12-31	$310,567
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$4,568,536
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$4,257,969
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Assets. partnership/joint venture interests at end of year	2020-12-31	$0
Assets. partnership/joint venture interests at beginning of year	2020-12-31	$0
Investment advisory and management fees	2020-12-31	$2,128
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$0
Value of interest in pooled separate accounts at end of year	2020-12-31	$3,401,744
Value of interest in pooled separate accounts at beginning of year	2020-12-31	$3,117,428
Interest on participant loans	2020-12-31	$5,104
Income. Interest from loans (other than to participants)	2020-12-31	$0
Interest earned on other investments	2020-12-31	$18,547
Income. Interest from US Government securities	2020-12-31	$0
Income. Interest from corporate debt instruments	2020-12-31	$0
Value of interest in master investment trust accounts at end of year	2020-12-31	$0
Value of interest in master investment trust accounts at beginning of year	2020-12-31	$0
Value of interest in common/collective trusts at end of year	2020-12-31	$0
Value of interest in common/collective trusts at beginning of year	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$0
Assets. Value of investments in 103.12 investment entities at end of year	2020-12-31	$0
Assets. Value of investments in 103.12 investment entities at beginning of year	2020-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$1,112,453
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$1,072,384
Expenses. Payments to insurance carriers foe the provision of benefits	2020-12-31	$0
Asset value of US Government securities at end of year	2020-12-31	$0
Asset value of US Government securities at beginning of year	2020-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$0
Net investment gain/loss from pooled separate accounts	2020-12-31	$456,944
Net investment gain or loss from common/collective trusts	2020-12-31	$0
Net gain/loss from 103.12 investment entities	2020-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$54,932
Employer contributions (assets) at end of year	2020-12-31	$0
Employer contributions (assets) at beginning of year	2020-12-31	$0
Income. Dividends from preferred stock	2020-12-31	$0
Income. Dividends from common stock	2020-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$483,136
Asset. Corporate debt instrument preferred debt at end of year	2020-12-31	$0
Asset. Corporate debt instrument preferred debt at beginning of year	2020-12-31	$0
Asset. Corporate debt instrument debt (other) at end of year	2020-12-31	$0
Asset. Corporate debt instrument debt (other) at beginning of year	2020-12-31	$0
Contract administrator fees	2020-12-31	$3,842
Assets. Corporate common stocks other than exployer securities at end of year	2020-12-31	$0
Assets. Corporate common stocks other than exployer securities at beginning of year	2020-12-31	$0
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Aggregate proceeds on sale of assets	2020-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2020-12-31	$0
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	RBT CPAS, LLC
Accountancy firm EIN	2020-12-31	141604297
2010 : SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$332,086
Expenses. Total of all expenses incurred	2010-12-31	$140,602
Benefits paid (including direct rollovers)	2010-12-31	$126,641
Total plan assets at end of year	2010-12-31	$2,031,698
Total plan assets at beginning of year	2010-12-31	$1,840,214
Value of fidelity bond covering the plan	2010-12-31	$2,000,000
Total contributions received or receivable from participants	2010-12-31	$142,944
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$139,142
Net income (gross income less expenses)	2010-12-31	$191,484
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,031,698
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,840,214
Assets. Value of participant loans	2010-12-31	$14,501
Total contributions received or receivable from employer(s)	2010-12-31	$50,000
Value of corrective distributions	2010-12-31	$4,016
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$9,945

Form 5500 Responses for SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN

2020: SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2009: SCHATZ BEARING CORPORATION 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

SENTRY LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 68810 )

Policy contract number

011056201

Policy instance

Insurance contract or identification number	011056201
Number of Individuals Covered	98
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $3,400
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $3,400
Insurance broker organization code?	3

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Company Name:	SCHATZ BEARING CORPORATION
Employer identification number (EIN):	141630504
NAIC Classification:	339900

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1981-12-21
Company Identification Number:	738249
Legal Registered Office Address:	10 Fairview Avenue, Poughkeepsie, NY 12601 Dutchess Poughkeepsie United States of America (USA) 12601