POWEREX, INC. has sponsored the creation of one or more 401k plans.
Additional information about POWEREX, INC.
Measure | Date | Value |
---|
2011: POWEREX RETIREMENT PLAN 2011 401k membership |
---|
Total participants, beginning-of-year | 2011-01-01 | 289 |
Total number of active participants reported on line 7a of the Form 5500 | 2011-01-01 | 0 |
Number of retired or separated participants receiving benefits | 2011-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2011-01-01 | 0 |
Total of all active and inactive participants | 2011-01-01 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-01-01 | 0 |
Total participants | 2011-01-01 | 0 |
Number of participants with account balances | 2011-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-01-01 | 11 |
2010: POWEREX RETIREMENT PLAN 2010 401k membership |
---|
Total participants, beginning-of-year | 2010-01-01 | 292 |
Total number of active participants reported on line 7a of the Form 5500 | 2010-01-01 | 259 |
Number of retired or separated participants receiving benefits | 2010-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2010-01-01 | 30 |
Total of all active and inactive participants | 2010-01-01 | 289 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2010-01-01 | 0 |
Total participants | 2010-01-01 | 289 |
Number of participants with account balances | 2010-01-01 | 289 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2010-01-01 | 9 |
2009: POWEREX RETIREMENT PLAN 2009 401k membership |
---|
Total participants, beginning-of-year | 2009-01-01 | 304 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 266 |
Number of retired or separated participants receiving benefits | 2009-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 26 |
Total of all active and inactive participants | 2009-01-01 | 292 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 0 |
Total participants | 2009-01-01 | 292 |
Number of participants with account balances | 2009-01-01 | 292 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 3 |
Measure | Date | Value |
---|
2011 : POWEREX RETIREMENT PLAN 2011 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
Total transfer of assets from this plan | 2011-12-31 | $9,390,976 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total income from all sources (including contributions) | 2011-12-31 | $464,406 |
Total loss/gain on sale of assets | 2011-12-31 | $-374,553 |
Total of all expenses incurred | 2011-12-31 | $340,023 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $339,920 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $637,706 |
Value of total assets at end of year | 2011-12-31 | $0 |
Value of total assets at beginning of year | 2011-12-31 | $9,266,593 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $103 |
Total interest from all sources | 2011-12-31 | $10,028 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $137,615 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2011-12-31 | $0 |
Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $137,615 |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Funding deficiency by the employer to the plan for this plan year | 2011-12-31 | $0 |
Minimum employer required contribution for this plan year | 2011-12-31 | $637,706 |
Amount contributed by the employer to the plan for this plan year | 2011-12-31 | $637,706 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Participant contributions at beginning of year | 2011-12-31 | $209,091 |
Other income not declared elsewhere | 2011-12-31 | $900 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $124,383 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $9,266,593 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Investment advisory and management fees | 2011-12-31 | $103 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $6,393,858 |
Interest on participant loans | 2011-12-31 | $10,028 |
Value of interest in common/collective trusts at beginning of year | 2011-12-31 | $2,663,644 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $9,260 |
Net investment gain or loss from common/collective trusts | 2011-12-31 | $43,450 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Contributions received in cash from employer | 2011-12-31 | $637,706 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $339,920 |
Did the plan have assets held for investment | 2011-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | Yes |
Aggregate proceeds on sale of assets | 2011-12-31 | $8,396,705 |
Aggregate carrying amount (costs) on sale of assets | 2011-12-31 | $8,771,258 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
Accountancy firm name | 2011-12-31 | THOMAS GAITENS & CO. |
Accountancy firm EIN | 2011-12-31 | 251451685 |
2010 : POWEREX RETIREMENT PLAN 2010 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total income from all sources (including contributions) | 2010-12-31 | $1,420,564 |
Total loss/gain on sale of assets | 2010-12-31 | $6,826 |
Total of all expenses incurred | 2010-12-31 | $329,667 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $329,667 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $571,311 |
Value of total assets at end of year | 2010-12-31 | $9,266,593 |
Value of total assets at beginning of year | 2010-12-31 | $8,175,696 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $0 |
Total interest from all sources | 2010-12-31 | $12,463 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $64,120 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $64,120 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Funding deficiency by the employer to the plan for this plan year | 2010-12-31 | $0 |
Minimum employer required contribution for this plan year | 2010-12-31 | $571,311 |
Amount contributed by the employer to the plan for this plan year | 2010-12-31 | $571,311 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Participant contributions at end of year | 2010-12-31 | $209,091 |
Participant contributions at beginning of year | 2010-12-31 | $227,218 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2010-12-31 | $21,404 |
Other income not declared elsewhere | 2010-12-31 | $-43 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $1,090,897 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $9,266,593 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $8,175,696 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $6,393,858 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $5,446,564 |
Interest on participant loans | 2010-12-31 | $12,463 |
Value of interest in common/collective trusts at end of year | 2010-12-31 | $2,663,644 |
Value of interest in common/collective trusts at beginning of year | 2010-12-31 | $2,501,914 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $724,220 |
Net investment gain or loss from common/collective trusts | 2010-12-31 | $41,667 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Contributions received in cash from employer | 2010-12-31 | $571,311 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $308,263 |
Did the plan have assets held for investment | 2010-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Aggregate proceeds on sale of assets | 2010-12-31 | $1,196,808 |
Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $1,189,982 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
Accountancy firm name | 2010-12-31 | THOMAS GAITENS & CO. |
Accountancy firm EIN | 2010-12-31 | 251451685 |
2009 : POWEREX RETIREMENT PLAN 2009 401k financial data |
---|
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
Funding deficiency by the employer to the plan for this plan year | 2009-12-31 | $0 |
Minimum employer required contribution for this plan year | 2009-12-31 | $567,748 |
Amount contributed by the employer to the plan for this plan year | 2009-12-31 | $567,748 |