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MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN 401k Plan overview

Plan NameMIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN
Plan identification number 001

MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING 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.
  • 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.
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MIKRONITE TECHNOLOGIES GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:MIKRONITE TECHNOLOGIES GROUP, INC.
Employer identification number (EIN):223434738
NAIC Classification:336300

Additional information about MIKRONITE TECHNOLOGIES GROUP, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2606838

More information about MIKRONITE TECHNOLOGIES GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-10-01JEFFREY H. COATS2012-07-04
0012007-10-01JEFFREY H. COATS

Plan Statistics for MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN

401k plan membership statisitcs for MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Measure Date Value
2007: MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year2007-10-01206
Total number of active participants reported on line 7a of the Form 55002007-10-01113
Number of retired or separated participants receiving benefits2007-10-010
Number of other retired or separated participants entitled to future benefits2007-10-0120
Total of all active and inactive participants2007-10-01133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-10-010
Total participants2007-10-01133
Number of participants with account balances2007-10-01131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-10-015

Financial Data on MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Measure Date Value
2009 : MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2009 401k financial data
Total unrealized appreciation/depreciation of assets2009-09-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-09-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-09-30$0
Total income from all sources (including contributions)2009-09-30$-86,836
Total loss/gain on sale of assets2009-09-30$0
Total of all expenses incurred2009-09-30$1,687,617
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2009-09-30$1,676,046
Total contributions o plan (from employers,participants, others, non cash contrinutions)2009-09-30$106,657
Value of total assets at end of year2009-09-30$407,222
Value of total assets at beginning of year2009-09-30$2,181,675
Total of administrative expenses incurred including professional, contract, advisory and management fees2009-09-30$11,571
Total interest from all sources2009-09-30$1,390
Total dividends received (eg from common stock, registered investment company shares)2009-09-30$81,488
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2009-09-30No
Total dividends received from registered investment company shares (eg mutual funds)2009-09-30$81,488
Was this plan covered by a fidelity bond2009-09-30Yes
Value of fidelity bond cover2009-09-30$500,000
If this is an individual account plan, was there a blackout period2009-09-30No
Were there any nonexempt tranactions with any party-in-interest2009-09-30No
Contributions received from participants2009-09-30$88,471
Participant contributions at end of year2009-09-30$1,247
Participant contributions at beginning of year2009-09-30$53,672
Income. Received or receivable in cash from other sources (including rollovers)2009-09-30$7,183
Administrative expenses (other) incurred2009-09-30$70
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2009-09-30No
Value of net income/loss2009-09-30$-1,774,453
Value of net assets at end of year (total assets less liabilities)2009-09-30$407,222
Value of net assets at beginning of year (total assets less liabilities)2009-09-30$2,181,675
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2009-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2009-09-30No
Were any leases to which the plan was party in default or uncollectible2009-09-30No
Value of interest in registered invesment companies (eg mutual funds) at end of year2009-09-30$346,218
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2009-09-30$1,837,879
Interest on participant loans2009-09-30$1,390
Value of interest in common/collective trusts at end of year2009-09-30$59,757
Value of interest in common/collective trusts at beginning of year2009-09-30$290,124
Net investment gain/loss from registered investment companies (e.g. mutual funds)2009-09-30$-285,997
Net investment gain or loss from common/collective trusts2009-09-30$9,626
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2009-09-30No
Was there a failure to transmit to the plan any participant contributions2009-09-30No
Has the plan failed to provide any benefit when due under the plan2009-09-30No
Contributions received in cash from employer2009-09-30$11,003
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2009-09-30$1,676,046
Contract administrator fees2009-09-30$11,501
Did the plan have assets held for investment2009-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2009-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2009-09-30No
2008 : MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2008 401k financial data
Total unrealized appreciation/depreciation of assets2008-09-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2008-09-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2008-09-30$0
Total income from all sources (including contributions)2008-09-30$37,530
Total loss/gain on sale of assets2008-09-30$0
Total of all expenses incurred2008-09-30$369,063
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2008-09-30$362,526
Value of total corrective distributions2008-09-30$5,937
Total contributions o plan (from employers,participants, others, non cash contrinutions)2008-09-30$414,320
Value of total assets at end of year2008-09-30$2,181,675
Value of total assets at beginning of year2008-09-30$2,513,208
Total of administrative expenses incurred including professional, contract, advisory and management fees2008-09-30$600
Total interest from all sources2008-09-30$3,430
Total dividends received (eg from common stock, registered investment company shares)2008-09-30$179,934
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2008-09-30No
Total dividends received from registered investment company shares (eg mutual funds)2008-09-30$179,934
Was this plan covered by a fidelity bond2008-09-30Yes
Value of fidelity bond cover2008-09-30$500,000
If this is an individual account plan, was there a blackout period2008-09-30No
Were there any nonexempt tranactions with any party-in-interest2008-09-30No
Contributions received from participants2008-09-30$282,517
Participant contributions at end of year2008-09-30$53,672
Participant contributions at beginning of year2008-09-30$47,450
Income. Received or receivable in cash from other sources (including rollovers)2008-09-30$62,183
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2008-09-30No
Value of net income/loss2008-09-30$-331,533
Value of net assets at end of year (total assets less liabilities)2008-09-30$2,181,675
Value of net assets at beginning of year (total assets less liabilities)2008-09-30$2,513,208
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2008-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2008-09-30No
Were any leases to which the plan was party in default or uncollectible2008-09-30No
Value of interest in registered invesment companies (eg mutual funds) at end of year2008-09-30$1,837,879
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2008-09-30$2,223,843
Interest on participant loans2008-09-30$3,430
Value of interest in common/collective trusts at end of year2008-09-30$290,124
Value of interest in common/collective trusts at beginning of year2008-09-30$241,915
Net investment gain/loss from registered investment companies (e.g. mutual funds)2008-09-30$-572,386
Net investment gain or loss from common/collective trusts2008-09-30$12,232
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2008-09-30No
Was there a failure to transmit to the plan any participant contributions2008-09-30No
Has the plan failed to provide any benefit when due under the plan2008-09-30No
Contributions received in cash from employer2008-09-30$69,620
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2008-09-30$362,526
Contract administrator fees2008-09-30$600
Did the plan have assets held for investment2008-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2008-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2008-09-30No

Form 5500 Responses for MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN

2007: MIKRONITE TECHNOLOGIES GROUP, RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2007 form 5500 responses
2007-10-01Type of plan entitySingle employer plan
2007-10-01Submission has been amendedNo
2007-10-01This submission is the final filingNo
2007-10-01This return/report is a short plan year return/report (less than 12 months)No
2007-10-01Plan is a collectively bargained planNo
2007-10-01Plan funding arrangement – TrustYes
2007-10-01Plan benefit arrangement - TrustYes

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