401k Plan data: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN plan

PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 401k Plan overview

Plan Name	PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN
Plan identification number	001

PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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

PENNFAB, INC. has sponsored the creation of one or more 401k plans.

Company Name: PENNFAB, INC.

Employer identification number (EIN): 232273568

NAIC Classification: 332300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01
001 2013-01-01
001 2012-01-01 MICHAEL J MABIN 2013-07-25 MICHAEL J MABIN 2013-07-25
001 2011-01-01 JENNIFER FURLOW 2012-06-27 JENNIFER FURLOW 2012-06-27
001 2010-01-01 JENNIFER FURLOW 2011-10-13 JENNIFER FURLOW 2011-10-13

Plan Statistics for PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN

401k plan membership statisitcs for PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Measure Date Value
2023: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 31
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 36
Number of retired or separated participants receiving benefits 2023-01-01 1
Number of other retired or separated participants entitled to future benefits 2023-01-01 10
Total of all active and inactive participants 2023-01-01 47
Total participants 2023-01-01 47
Number of participants with account balances 2023-01-01 42
2022: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 43
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 23
Number of retired or separated participants receiving benefits 2022-01-01 1
Number of other retired or separated participants entitled to future benefits 2022-01-01 7
Total of all active and inactive participants 2022-01-01 31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 31
Number of participants with account balances 2022-01-01 31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 43
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 36
Number of retired or separated participants receiving benefits 2021-01-01 1
Number of other retired or separated participants entitled to future benefits 2021-01-01 6
Total of all active and inactive participants 2021-01-01 43
Total participants 2021-01-01 43
Number of participants with account balances 2021-01-01 38
2020: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 37
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 36
Number of other retired or separated participants entitled to future benefits 2020-01-01 7
Total of all active and inactive participants 2020-01-01 43
Total participants 2020-01-01 43
Number of participants with account balances 2020-01-01 39
2019: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 48
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 26
Number of retired or separated participants receiving benefits 2019-01-01 1
Number of other retired or separated participants entitled to future benefits 2019-01-01 10
Total of all active and inactive participants 2019-01-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 37
Number of participants with account balances 2019-01-01 36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2023: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	31
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	36
Number of retired or separated participants receiving benefits	2023-01-01	1
Number of other retired or separated participants entitled to future benefits	2023-01-01	10
Total of all active and inactive participants	2023-01-01	47
Total participants	2023-01-01	47
Number of participants with account balances	2023-01-01	42
2022: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	43
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	23
Number of retired or separated participants receiving benefits	2022-01-01	1
Number of other retired or separated participants entitled to future benefits	2022-01-01	7
Total of all active and inactive participants	2022-01-01	31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	31
Number of participants with account balances	2022-01-01	31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	43
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	36
Number of retired or separated participants receiving benefits	2021-01-01	1
Number of other retired or separated participants entitled to future benefits	2021-01-01	6
Total of all active and inactive participants	2021-01-01	43
Total participants	2021-01-01	43
Number of participants with account balances	2021-01-01	38
2020: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	37
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	36
Number of other retired or separated participants entitled to future benefits	2020-01-01	7
Total of all active and inactive participants	2020-01-01	43
Total participants	2020-01-01	43
Number of participants with account balances	2020-01-01	39
2019: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	48
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	26
Number of retired or separated participants receiving benefits	2019-01-01	1
Number of other retired or separated participants entitled to future benefits	2019-01-01	10
Total of all active and inactive participants	2019-01-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	37
Number of participants with account balances	2019-01-01	36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Measure	Date	Value
2023 : PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2023 401k financial data
Transfers to/from the plan	2023-12-31	$0
Total plan liabilities at end of year	2023-12-31	$0
Total plan liabilities at beginning of year	2023-12-31	$0
Total income from all sources	2023-12-31	$436,236
Expenses. Total of all expenses incurred	2023-12-31	$65,556
Benefits paid (including direct rollovers)	2023-12-31	$52,480
Total plan assets at end of year	2023-12-31	$1,511,561
Total plan assets at beginning of year	2023-12-31	$1,140,881
Value of fidelity bond covering the plan	2023-12-31	$165,000
Assets. Value of tangible personal property	2023-12-31	$0
Total contributions received or receivable from participants	2023-12-31	$102,904
Assets. Value of loans (other than to participants)	2023-12-31	$0
Expenses. Other expenses not covered elsewhere	2023-12-31	$0
Contributions received from other sources (not participants or employers)	2023-12-31	$16,379
Other income received	2023-12-31	$238,058
Noncash contributions received	2023-12-31	$0
Net income (gross income less expenses)	2023-12-31	$370,680
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$1,511,561
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$1,140,881
Assets. Value of participant loans	2023-12-31	$100,911
Assets. Value of assets in partnership/joint-venture interests	2023-12-31	$0
Assets. Value of real-estate (other than employer real property)	2023-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2023-12-31	$0
Assets. Value of employer securities	2023-12-31	$0
Assets. Value of employer real property	2023-12-31	$0
Total contributions received or receivable from employer(s)	2023-12-31	$78,895
Value of certain deemed distributions of participant loans	2023-12-31	$0
Value of corrective distributions	2023-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$13,076
2022 : PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-62,589
Expenses. Total of all expenses incurred	2022-12-31	$35,496
Benefits paid (including direct rollovers)	2022-12-31	$23,570
Total plan assets at end of year	2022-12-31	$1,140,881
Total plan assets at beginning of year	2022-12-31	$1,238,966
Value of fidelity bond covering the plan	2022-12-31	$165,000
Assets. Value of tangible personal property	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$100,330
Assets. Value of loans (other than to participants)	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-228,004
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-98,085
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$1,140,881
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$1,238,966
Assets. Value of participant loans	2022-12-31	$76,789
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$0
Assets. Value of real-estate (other than employer real property)	2022-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$0
Assets. Value of employer real property	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$65,085
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$11,926
2021 : PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$315,447
Expenses. Total of all expenses incurred	2021-12-31	$708,959
Benefits paid (including direct rollovers)	2021-12-31	$692,814
Total plan assets at end of year	2021-12-31	$1,238,966
Total plan assets at beginning of year	2021-12-31	$1,632,478
Value of fidelity bond covering the plan	2021-12-31	$165,000
Assets. Value of tangible personal property	2021-12-31	$0
Total contributions received or receivable from participants	2021-12-31	$91,183
Assets. Value of loans (other than to participants)	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$163,409
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$-393,512
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$1,238,966
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$1,632,478
Assets. Value of participant loans	2021-12-31	$80,993
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Assets. Value of employer real property	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$60,855
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$16,145
2020 : PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$299,714
Expenses. Total of all expenses incurred	2020-12-31	$171,588
Benefits paid (including direct rollovers)	2020-12-31	$150,565
Total plan assets at end of year	2020-12-31	$1,632,478
Total plan assets at beginning of year	2020-12-31	$1,504,352
Value of fidelity bond covering the plan	2020-12-31	$165,000
Assets. Value of tangible personal property	2020-12-31	$0
Total contributions received or receivable from participants	2020-12-31	$64,339
Assets. Value of loans (other than to participants)	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$1,847
Other income received	2020-12-31	$175,810
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$128,126
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$1,632,478
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$1,504,352
Assets. Value of participant loans	2020-12-31	$91,449
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$0
Assets. Value of real-estate (other than employer real property)	2020-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2020-12-31	$0
Assets. Value of employer securities	2020-12-31	$0
Assets. Value of employer real property	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$57,718
Value of certain deemed distributions of participant loans	2020-12-31	$5,709
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$15,314
2019 : PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$416,663
Expenses. Total of all expenses incurred	2019-12-31	$140,396
Benefits paid (including direct rollovers)	2019-12-31	$132,513
Total plan assets at end of year	2019-12-31	$1,504,352
Total plan assets at beginning of year	2019-12-31	$1,228,085
Value of fidelity bond covering the plan	2019-12-31	$150,000
Total contributions received or receivable from participants	2019-12-31	$58,365
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$308,472
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$276,267
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$1,504,352
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$1,228,085
Assets. Value of participant loans	2019-12-31	$75,120
Total contributions received or receivable from employer(s)	2019-12-31	$49,826
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$7,883

Form 5500 Responses for PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN

2023: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	This submission is the final filing	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: PENNFAB, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

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

Company Name:	PENNFAB, INC.
Employer identification number (EIN):	232273568
NAIC Classification:	332300