| 401k Plan Type | Defined Contribution Pension |
| Plan Features/Benefits | - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
- Profit-sharing
- ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
- Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
- 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.
- Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.
- Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
- Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
|
GSSI SEALANTS INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan GSSI SEALANTS INC. 401(K) PLAN
| Measure | Date | Value |
|---|
| 2024 : GSSI SEALANTS INC. 401(K) PLAN 2024 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2024-08-20 | 21017 |
| Net assets as of the end of the plan year | 2024-08-20 | 0 |
| Total assets as of the beginning of the plan year | 2024-08-20 | 20943 |
| Value of plan covered by a fidelity bond | 2024-08-20 | 300000 |
| Other income to plan in this plan year | 2024-08-20 | 74 |
| Plan net income in this plan year | 2024-08-20 | -20943 |
| Net assets as of the end of the plan year | 2024-08-20 | 0 |
| Net assets as of the beginning of the plan year | 2024-08-20 | 20943 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-08-20 | 176 |
| Total transfers to/from plan in this plan year | 2024-08-19 | 0 |
| Total expenses incurred by plan in this plan year | 2024-08-19 | 677595 |
| Net assets as of the end of the plan year | 2024-08-19 | 20943 |
| Total assets as of the beginning of the plan year | 2024-08-19 | 585151 |
| Value of plan covered by a fidelity bond | 2024-08-19 | 300000 |
| Participant contributions to plan in this plan year | 2024-08-19 | 0 |
| Other expenses paid from plan in this plan year | 2024-08-19 | 0 |
| Other contributions to plan in this plan year | 2024-08-19 | 0 |
| Other income to plan in this plan year | 2024-08-19 | 105133 |
| Plan net income in this plan year | 2024-08-19 | -564208 |
| Net assets as of the end of the plan year | 2024-08-19 | 20943 |
| Net assets as of the beginning of the plan year | 2024-08-19 | 585151 |
| Employer contributions to plan in this plan year | 2024-08-19 | 8254 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-08-19 | 3269 |
| 2008 : GSSI SEALANTS INC. 401(K) PLAN 2008 401k financial data |
|---|
| Total income from all sources | 2008-12-31 | $-232,100 |
| Expenses. Total of all expenses incurred | 2008-12-31 | $161,190 |
| Benefits paid (including direct rollovers) | 2008-12-31 | $161,190 |
| Total plan assets at end of year | 2008-12-31 | $670,596 |
| Total plan assets at beginning of year | 2008-12-31 | $1,063,886 |
| Value of fidelity bond covering the plan | 2008-12-31 | $250,000 |
| Total contributions received or receivable from participants | 2008-12-31 | $39,424 |
| Contributions received from other sources (not participants or employers) | 2008-12-31 | $8,863 |
| Other income received | 2008-12-31 | $-296,382 |
| Net income (gross income less expenses) | 2008-12-31 | $-393,290 |
| Net plan assets at end of year (total assets less liabilities) | 2008-12-31 | $670,596 |
| Net plan assets at beginning of year (total assets less liabilities) | 2008-12-31 | $1,063,886 |
| Assets. Value of participant loans | 2008-12-31 | $15,109 |
| Total contributions received or receivable from employer(s) | 2008-12-31 | $15,995 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2008-12-31 | $0 |
| 2007 : GSSI SEALANTS INC. 401(K) PLAN 2007 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2007-12-31 | $0 |
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