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BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameBINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN
Plan identification number 002

BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 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

BINDER MACHINERY CO., LLC has sponsored the creation of one or more 401k plans.

Company Name:BINDER MACHINERY CO., LLC
Employer identification number (EIN):208754375
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022015-01-01JOSEPH VAZZANO
0022014-01-01JOSEPH VAZZANO
0022013-01-01JOSEPH VAZZANO JOSEPH VAZZANO2014-07-02
0022012-01-01JOSEPH VAZZANO JOSEPH VAZZANO2013-07-05
0022011-01-01JOSEPH VAZZANO
0022010-01-01JOSEPH VAZZANO
0022009-01-01JOSEPH VAZZANO JOSEPH VAZZANO2010-07-23

Plan Statistics for BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN

Measure Date Value
2015: BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0143
Total number of active participants reported on line 7a of the Form 55002015-01-0134
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-015
Total of all active and inactive participants2015-01-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-0140
Number of participants with account balances2015-01-0134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0147
Total number of active participants reported on line 7a of the Form 55002014-01-0136
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-016
Total of all active and inactive participants2014-01-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-0143
Number of participants with account balances2014-01-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0150
Total number of active participants reported on line 7a of the Form 55002013-01-0132
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0114
Total of all active and inactive participants2013-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-0147
Number of participants with account balances2013-01-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0146
Total number of active participants reported on line 7a of the Form 55002012-01-0136
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0113
Total of all active and inactive participants2012-01-0149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-0150
Number of participants with account balances2012-01-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0148
Total number of active participants reported on line 7a of the Form 55002011-01-0133
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0112
Total of all active and inactive participants2011-01-0145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-011
Total participants2011-01-0146
Number of participants with account balances2011-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0147
Total number of active participants reported on line 7a of the Form 55002010-01-0136
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0111
Total of all active and inactive participants2010-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-0148
Number of participants with account balances2010-01-0143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-014
2009: BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0189
Total number of active participants reported on line 7a of the Form 55002009-01-0134
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0112
Total of all active and inactive participants2009-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-0147
Number of participants with account balances2009-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN

Measure Date Value
2015 : BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$247,474
Expenses. Total of all expenses incurred2015-12-31$322,224
Benefits paid (including direct rollovers)2015-12-31$322,068
Total plan assets at end of year2015-12-31$4,738,333
Total plan assets at beginning of year2015-12-31$4,813,083
Value of fidelity bond covering the plan2015-12-31$1,000,000
Total contributions received or receivable from participants2015-12-31$231,900
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$15,574
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-74,750
Net plan assets at end of year (total assets less liabilities)2015-12-31$4,738,333
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$4,813,083
Assets. Value of participant loans2015-12-31$45,624
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$156
2014 : BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$447,332
Expenses. Total of all expenses incurred2014-12-31$236,432
Benefits paid (including direct rollovers)2014-12-31$228,615
Total plan assets at end of year2014-12-31$4,813,083
Total plan assets at beginning of year2014-12-31$4,602,183
Value of fidelity bond covering the plan2014-12-31$1,000,000
Total contributions received or receivable from participants2014-12-31$200,232
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$247,085
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$210,900
Net plan assets at end of year (total assets less liabilities)2014-12-31$4,813,083
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$4,602,183
Assets. Value of participant loans2014-12-31$67,098
Total contributions received or receivable from employer(s)2014-12-31$15
Value of certain deemed distributions of participant loans2014-12-31$7,623
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$194
2013 : BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$935,229
Expenses. Total of all expenses incurred2013-12-31$322,670
Benefits paid (including direct rollovers)2013-12-31$322,670
Total plan assets at end of year2013-12-31$4,602,183
Total plan assets at beginning of year2013-12-31$3,989,624
Value of fidelity bond covering the plan2013-12-31$1,000,000
Total contributions received or receivable from participants2013-12-31$184,637
Contributions received from other sources (not participants or employers)2013-12-31$3,797
Other income received2013-12-31$746,795
Net income (gross income less expenses)2013-12-31$612,559
Net plan assets at end of year (total assets less liabilities)2013-12-31$4,602,183
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$3,989,624
Assets. Value of participant loans2013-12-31$67,735
2012 : BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$579,661
Expenses. Total of all expenses incurred2012-12-31$105,499
Benefits paid (including direct rollovers)2012-12-31$105,499
Total plan assets at end of year2012-12-31$3,989,624
Total plan assets at beginning of year2012-12-31$3,515,462
Value of fidelity bond covering the plan2012-12-31$1,000,000
Total contributions received or receivable from participants2012-12-31$166,386
Other income received2012-12-31$413,275
Net income (gross income less expenses)2012-12-31$474,162
Net plan assets at end of year (total assets less liabilities)2012-12-31$3,989,624
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$3,515,462
Assets. Value of participant loans2012-12-31$67,945
2011 : BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$76,682
Expenses. Total of all expenses incurred2011-12-31$477,830
Benefits paid (including direct rollovers)2011-12-31$477,830
Total plan assets at end of year2011-12-31$3,515,462
Total plan assets at beginning of year2011-12-31$3,916,610
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$134,733
Other income received2011-12-31$-58,051
Net income (gross income less expenses)2011-12-31$-401,148
Net plan assets at end of year (total assets less liabilities)2011-12-31$3,515,462
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$3,916,610
Assets. Value of participant loans2011-12-31$92,236
2010 : BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$521,188
Expenses. Total of all expenses incurred2010-12-31$431,787
Benefits paid (including direct rollovers)2010-12-31$431,705
Total plan assets at end of year2010-12-31$3,916,610
Total plan assets at beginning of year2010-12-31$3,827,209
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$129,917
Expenses. Other expenses not covered elsewhere2010-12-31$82
Other income received2010-12-31$391,271
Net income (gross income less expenses)2010-12-31$89,401
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,916,610
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,827,209
Assets. Value of participant loans2010-12-31$72,171

Form 5500 Responses for BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN

2015: BINDER MACHINERY COMPANY 401(K) 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: BINDER MACHINERY COMPANY 401(K) 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: BINDER MACHINERY COMPANY 401(K) 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: BINDER MACHINERY COMPANY 401(K) 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: BINDER MACHINERY COMPANY 401(K) 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
2010: BINDER MACHINERY COMPANY 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BINDER MACHINERY COMPANY 401(K) 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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