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NIAGARA PRECISION INC 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameNIAGARA PRECISION INC 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

NIAGARA PRECISION INC 401 K PROFIT SHARING PLAN TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • 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

NIAGARA PRECISION INC. has sponsored the creation of one or more 401k plans.

Company Name:NIAGARA PRECISION INC.
Employer identification number (EIN):161337256
NAIC Classification:333510

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NIAGARA PRECISION INC 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ROGER A HOOD2023-05-19
0012021-01-01ROGER A HOOD2022-06-08
0012020-01-01ROGER A HOOD2021-05-25
0012019-01-01ROGER HOOD2020-05-10
0012018-01-01ROGER HOOD2019-07-10
0012017-01-01ROGER A HOOD2018-07-06
0012016-01-01ROGER HOOD2017-05-18
0012015-01-01ROGER HOOD2016-07-13
0012014-01-01ROGER HOOD2015-06-05
0012013-01-01DIANE GROSSLINGER2014-05-07
0012012-01-01NIAGARA PRECISION INC.2013-10-04
0012011-01-01NIAGARA PRECISION INC.2012-05-21

Financial Data on NIAGARA PRECISION INC 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2010 : NIAGARA PRECISION INC 401 K PROFIT SHARING PLAN TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$87,544
Expenses. Total of all expenses incurred2010-12-31$6,868
Benefits paid (including direct rollovers)2010-12-31$6,788
Total plan assets at end of year2010-12-31$282,503
Total plan assets at beginning of year2010-12-31$201,827
Value of fidelity bond covering the plan2010-12-31$0
Total contributions received or receivable from participants2010-12-31$29,345
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$55,532
Net income (gross income less expenses)2010-12-31$80,676
Net plan assets at end of year (total assets less liabilities)2010-12-31$282,503
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$201,827
Assets. Value of participant loans2010-12-31$16,899
Total contributions received or receivable from employer(s)2010-12-31$2,667
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$80
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number212244
Policy instance 1
Insurance contract or identification number212244
Number of Individuals Covered10
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $565
Total amount of fees paid to insurance companyUSD $1,064
Are there contracts with allocated funds for individual policies?No
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
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $565
Amount paid for insurance broker fees1064
Additional information about fees paid to insurance brokerCONTRACT SERVICE FEES
Insurance broker organization code?4
Insurance broker namePAYCHEX SECURITIES CORP

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