401k Plan data: ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN plan

ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 401k Plan overview

Plan Name	ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN
Plan identification number	001

ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT 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.
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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

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

Company Name: ACCROTOOL, INC

Employer identification number (EIN): 251757631

NAIC Classification: 332110

Additional information about ACCROTOOL, INC

Jurisdiction of Incorporation: COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE

Incorporation Date:

Company Identification Number: 2621080

More information about ACCROTOOL, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT 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 2018-01-01

Plan Statistics for ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN

401k plan membership statisitcs for ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN

Measure Date Value
2023: ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 133
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 95
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 22
Total of all active and inactive participants 2023-01-01 117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 117
Number of participants with account balances 2023-01-01 111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 7
2022: ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 125
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 103
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 30
Total of all active and inactive participants 2022-01-01 133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 133
Number of participants with account balances 2022-01-01 125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 3
2021: ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 121
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 101
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 23
Total of all active and inactive participants 2021-01-01 124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 124
Number of participants with account balances 2021-01-01 92
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 5

Measure	Date	Value
2023: ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	133
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	95
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	22
Total of all active and inactive participants	2023-01-01	117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	117
Number of participants with account balances	2023-01-01	111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	7
2022: ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	125
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	103
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	30
Total of all active and inactive participants	2022-01-01	133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	133
Number of participants with account balances	2022-01-01	125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	3
2021: ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	121
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	101
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	23
Total of all active and inactive participants	2021-01-01	124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	124
Number of participants with account balances	2021-01-01	92
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	5

Financial Data on ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN

Measure	Date	Value
2023 : ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total transfer of assets to this plan	2023-12-31	$0
Total transfer of assets from this plan	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$1,495,831
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$1,010,026
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$979,690
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$507,413
Value of total assets at end of year	2023-12-31	$4,883,070
Value of total assets at beginning of year	2023-12-31	$4,397,265
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$30,336
Total interest from all sources	2023-12-31	$2,516
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$229,208
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$229,208
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$440,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$381,242
Participant contributions at end of year	2023-12-31	$56,988
Participant contributions at beginning of year	2023-12-31	$33,868
Participant contributions at end of year	2023-12-31	$14,620
Participant contributions at beginning of year	2023-12-31	$14,808
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$2,535
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$485,805
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$4,883,070
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$4,397,265
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$15,917
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$4,720,392
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$4,271,188
Interest on participant loans	2023-12-31	$2,516
Value of interest in common/collective trusts at end of year	2023-12-31	$85,832
Value of interest in common/collective trusts at beginning of year	2023-12-31	$72,048
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$753,932
Net investment gain or loss from common/collective trusts	2023-12-31	$2,762
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$123,636
Employer contributions (assets) at end of year	2023-12-31	$5,238
Employer contributions (assets) at beginning of year	2023-12-31	$5,353
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$979,690
Did the plan have assets held for investment	2023-12-31	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	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	WESSEL & COMPANY P.C.
Accountancy firm EIN	2023-12-31	251390233
2022 : ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total transfer of assets to this plan	2022-12-31	$0
Total transfer of assets from this plan	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-715,274
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$822,883
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$794,338
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$488,211
Value of total assets at end of year	2022-12-31	$4,397,265
Value of total assets at beginning of year	2022-12-31	$5,935,422
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$28,545
Total interest from all sources	2022-12-31	$1,460
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$195,895
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$195,895
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$352,871
Participant contributions at end of year	2022-12-31	$33,868
Participant contributions at beginning of year	2022-12-31	$12,938
Participant contributions at end of year	2022-12-31	$14,808
Participant contributions at beginning of year	2022-12-31	$10,797
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$12,007
Administrative expenses (other) incurred	2022-12-31	$28,545
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-1,538,157
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$4,397,265
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$5,935,422
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$4,271,188
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$5,846,408
Interest on participant loans	2022-12-31	$1,460
Value of interest in common/collective trusts at end of year	2022-12-31	$72,048
Value of interest in common/collective trusts at beginning of year	2022-12-31	$61,361
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,401,995
Net investment gain or loss from common/collective trusts	2022-12-31	$1,155
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$123,333
Employer contributions (assets) at end of year	2022-12-31	$5,353
Employer contributions (assets) at beginning of year	2022-12-31	$3,918
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$794,338
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	WESSEL & COMPANY P.C.
Accountancy firm EIN	2022-12-31	251390233
2021 : ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total transfer of assets to this plan	2021-12-31	$0
Total transfer of assets from this plan	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$1,116,321
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$79,488
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$51,526
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$370,331
Value of total assets at end of year	2021-12-31	$5,935,422
Value of total assets at beginning of year	2021-12-31	$4,898,589
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$27,962
Total interest from all sources	2021-12-31	$479
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$409,458
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$409,458
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$490,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$270,622
Participant contributions at end of year	2021-12-31	$12,938
Participant contributions at beginning of year	2021-12-31	$10,368
Participant contributions at end of year	2021-12-31	$10,797
Participant contributions at beginning of year	2021-12-31	$9,588
Administrative expenses (other) incurred	2021-12-31	$27,962
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,036,833
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$5,935,422
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$4,898,589
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$5,846,408
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$4,824,205
Interest on participant loans	2021-12-31	$479
Value of interest in common/collective trusts at end of year	2021-12-31	$61,361
Value of interest in common/collective trusts at beginning of year	2021-12-31	$50,849
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$335,213
Net investment gain or loss from common/collective trusts	2021-12-31	$840
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$99,709
Employer contributions (assets) at end of year	2021-12-31	$3,918
Employer contributions (assets) at beginning of year	2021-12-31	$3,579
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$51,526
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	WESSEL & COMPANY P.C.
Accountancy firm EIN	2021-12-31	251390233

Form 5500 Responses for ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN

2023: ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	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: ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	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: ACCROTOOL, INC. EMPLOYEES SAVINGS & RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	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

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Company Name:	ACCROTOOL, INC
Employer identification number (EIN):	251757631
NAIC Classification:	332110

Jurisdiction of Incorporation:	COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE
Incorporation Date:
Company Identification Number:	2621080