Logo

PRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN 401k Plan overview

Plan NamePRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN
Plan identification number 001

PRECISION HERMETIC TECHNOLOGY INC 401(K) 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:PRECISION HERMETIC TECHNOLOGY INC
Employer identification number (EIN):161361455
NAIC Classification:336410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALLISON BRECHER2024-10-03
0012022-01-01SARI SCHACHTEL2023-05-17
0012021-01-01SARI SCHACHTEL2022-06-09
0012020-01-01SARI SCHACHTEL2021-07-19
0012019-01-01SARI SCHACHTEL2020-07-08
0012018-01-01SARI SCHACHTEL2019-06-13
0012017-01-01SARI SCHACHTEL2018-07-30
0012016-01-01SARI SCHACHTEL2017-05-10
0012015-01-01SARI SCHACHTEL2016-07-11
0012014-01-01SARI SCHACHTEL2015-09-11
0012012-01-01BRUCE ZUMMO
0012011-01-01BRUCE ZUMMO
0012010-01-01DANIEL SCHACHTEL2011-05-20 DANIEL SCHACHTEL2011-05-20

Plan Statistics for PRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN

401k plan membership statisitcs for PRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN

Measure Date Value
2012: PRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0162
Total number of active participants reported on line 7a of the Form 55002012-01-0151
Number of other retired or separated participants entitled to future benefits2012-01-012
Total of all active and inactive participants2012-01-0153
Total participants2012-01-0153
Number of participants with account balances2012-01-0153
2011: PRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0159
Total number of active participants reported on line 7a of the Form 55002011-01-0152
Number of other retired or separated participants entitled to future benefits2011-01-0110
Total of all active and inactive participants2011-01-0162
Total participants2011-01-0162
Number of participants with account balances2011-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-018

Financial Data on PRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN

Measure Date Value
2012 : PRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$90,962
Expenses. Total of all expenses incurred2012-12-31$28,410
Benefits paid (including direct rollovers)2012-12-31$28,410
Total plan assets at end of year2012-12-31$672,826
Total plan assets at beginning of year2012-12-31$610,274
Value of fidelity bond covering the plan2012-12-31$50,000
Total contributions received or receivable from participants2012-12-31$22,333
Assets. Value of loans (other than to participants)2012-12-31$75,000
Other income received2012-12-31$68,629
Net income (gross income less expenses)2012-12-31$62,552
Net plan assets at end of year (total assets less liabilities)2012-12-31$672,826
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$610,274
Assets. Value of participant loans2012-12-31$51,269
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2012-12-31$75,000
2011 : PRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$39,253
Expenses. Total of all expenses incurred2011-12-31$21,386
Benefits paid (including direct rollovers)2011-12-31$21,386
Total plan assets at end of year2011-12-31$610,274
Total plan assets at beginning of year2011-12-31$592,407
Value of fidelity bond covering the plan2011-12-31$50,000
Total contributions received or receivable from participants2011-12-31$54,712
Assets. Value of loans (other than to participants)2011-12-31$138,000
Other income received2011-12-31$-15,459
Net income (gross income less expenses)2011-12-31$17,867
Net plan assets at end of year (total assets less liabilities)2011-12-31$610,274
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$592,407
Assets. Value of participant loans2011-12-31$58,259
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2011-12-31$75,000
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022011-12-31$54,712

Form 5500 Responses for PRECISION HERMETIC TECHNOLOGY INC 401(K) PLAN

2012: PRECISION HERMETIC TECHNOLOGY INC 401(K) 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: PRECISION HERMETIC TECHNOLOGY INC 401(K) 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

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1