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NOREC, LLC 401(K) P/S PLAN 401k Plan overview

Plan NameNOREC, LLC 401(K) P/S PLAN
Plan identification number 001

NOREC, LLC 401(K) P/S 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NOREC, LLC has sponsored the creation of one or more 401k plans.

Company Name:NOREC, LLC
Employer identification number (EIN):260454969
NAIC Classification:541330
NAIC Description:Engineering Services

Additional information about NOREC, LLC

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 2007-06-27
Company Identification Number: 1710119
Legal Registered Office Address: 5173 WILTSHIRE RD.
-
NORTH ROYALTON
United States of America (USA)
44133

More information about NOREC, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NOREC, LLC 401(K) P/S PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01PHILIP RESLER
0012016-01-01PHILIP RESLER
0012015-01-01PHILIP RESLER2016-03-23
0012014-01-01PHILIP RESLER2015-05-11
0012013-01-01ROBERT BOWSER2014-06-20
0012012-01-01PHILIP L. RESLER2013-07-03
0012011-01-01PHILIP L. RESLER2012-06-07
0012010-01-01PHILIP L. RESLER2011-03-30

Plan Statistics for NOREC, LLC 401(K) P/S PLAN

401k plan membership statisitcs for NOREC, LLC 401(K) P/S PLAN

Measure Date Value
2023: NOREC, LLC 401(K) P/S PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0118
Total number of active participants reported on line 7a of the Form 55002023-01-0113
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-013
Total of all active and inactive participants2023-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0116
Number of participants with account balances2023-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: NOREC, LLC 401(K) P/S PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0116
Total number of active participants reported on line 7a of the Form 55002022-01-0115
Number of other retired or separated participants entitled to future benefits2022-01-013
Total of all active and inactive participants2022-01-0118
Total participants2022-01-0118
Number of participants with account balances2022-01-0117
2021: NOREC, LLC 401(K) P/S PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0119
Total number of active participants reported on line 7a of the Form 55002021-01-0112
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-014
Total of all active and inactive participants2021-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0116
Number of participants with account balances2021-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: NOREC, LLC 401(K) P/S PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0119
Total number of active participants reported on line 7a of the Form 55002020-01-0117
Number of other retired or separated participants entitled to future benefits2020-01-012
Total of all active and inactive participants2020-01-0119
Total participants2020-01-0119
Number of participants with account balances2020-01-0119
2019: NOREC, LLC 401(K) P/S PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0117
Total number of active participants reported on line 7a of the Form 55002019-01-0117
Number of other retired or separated participants entitled to future benefits2019-01-012
Total of all active and inactive participants2019-01-0119
Total participants2019-01-0119
Number of participants with account balances2019-01-0119
2018: NOREC, LLC 401(K) P/S PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0115
Total number of active participants reported on line 7a of the Form 55002018-01-0115
Number of other retired or separated participants entitled to future benefits2018-01-012
Total of all active and inactive participants2018-01-0117
Total participants2018-01-0117
Number of participants with account balances2018-01-0117
2017: NOREC, LLC 401(K) P/S PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0114
Total number of active participants reported on line 7a of the Form 55002017-01-0114
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0115
Number of participants with account balances2017-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: NOREC, LLC 401(K) P/S PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0113
Total number of active participants reported on line 7a of the Form 55002016-01-0113
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0114
Number of participants with account balances2016-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on NOREC, LLC 401(K) P/S PLAN

Measure Date Value
2023 : NOREC, LLC 401(K) P/S PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$968,062
Expenses. Total of all expenses incurred2023-12-31$55,349
Benefits paid (including direct rollovers)2023-12-31$45,000
Total plan assets at end of year2023-12-31$3,862,065
Total plan assets at beginning of year2023-12-31$2,949,352
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$212,862
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$6,985
Other income received2023-12-31$679,536
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$912,713
Net plan assets at end of year (total assets less liabilities)2023-12-31$3,862,065
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$2,949,352
Assets. Value of participant loans2023-12-31$0
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$68,679
Value of certain deemed distributions of participant loans2023-12-31$10,324
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$25
2022 : NOREC, LLC 401(K) P/S PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-569,747
Expenses. Total of all expenses incurred2022-12-31$88,421
Benefits paid (including direct rollovers)2022-12-31$88,308
Total plan assets at end of year2022-12-31$2,949,352
Total plan assets at beginning of year2022-12-31$3,607,520
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$166,505
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-796,496
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-658,168
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,949,352
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$3,607,520
Assets. Value of participant loans2022-12-31$10,000
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$60,244
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$113
2021 : NOREC, LLC 401(K) P/S PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$664,191
Expenses. Total of all expenses incurred2021-12-31$56,201
Benefits paid (including direct rollovers)2021-12-31$56,176
Total plan assets at end of year2021-12-31$3,607,520
Total plan assets at beginning of year2021-12-31$2,999,530
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$138,479
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$470,116
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$607,990
Net plan assets at end of year (total assets less liabilities)2021-12-31$3,607,520
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,999,530
Assets. Value of participant loans2021-12-31$0
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$55,596
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$25
2020 : NOREC, LLC 401(K) P/S PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$643,979
Expenses. Total of all expenses incurred2020-12-31$103,371
Benefits paid (including direct rollovers)2020-12-31$70,000
Total plan assets at end of year2020-12-31$2,999,530
Total plan assets at beginning of year2020-12-31$2,458,922
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$152,069
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$436,663
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$540,608
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,999,530
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$2,458,922
Assets. Value of participant loans2020-12-31$0
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$55,247
Value of certain deemed distributions of participant loans2020-12-31$33,165
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$206
2019 : NOREC, LLC 401(K) P/S PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$690,270
Expenses. Total of all expenses incurred2019-12-31$10,050
Benefits paid (including direct rollovers)2019-12-31$10,000
Total plan assets at end of year2019-12-31$2,458,922
Total plan assets at beginning of year2019-12-31$1,778,702
Total contributions received or receivable from participants2019-12-31$169,016
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$447,656
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$680,220
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,458,922
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,778,702
Assets. Value of participant loans2019-12-31$18,484
Total contributions received or receivable from employer(s)2019-12-31$73,598
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$50
2018 : NOREC, LLC 401(K) P/S PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$130,649
Expenses. Total of all expenses incurred2018-12-31$26,731
Benefits paid (including direct rollovers)2018-12-31$26,600
Total plan assets at end of year2018-12-31$1,778,702
Total plan assets at beginning of year2018-12-31$1,674,784
Total contributions received or receivable from participants2018-12-31$173,357
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-112,867
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$103,918
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,778,702
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,674,784
Assets. Value of participant loans2018-12-31$2,513
Total contributions received or receivable from employer(s)2018-12-31$70,159
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$131
2017 : NOREC, LLC 401(K) P/S PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$432,364
Expenses. Total of all expenses incurred2017-12-31$18,916
Benefits paid (including direct rollovers)2017-12-31$18,891
Total plan assets at end of year2017-12-31$1,674,784
Total plan assets at beginning of year2017-12-31$1,261,336
Total contributions received or receivable from participants2017-12-31$149,048
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$218,434
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$413,448
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,674,784
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,261,336
Assets. Value of participant loans2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$64,882
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$25
2016 : NOREC, LLC 401(K) P/S PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$234,733
Expenses. Total of all expenses incurred2016-12-31$641
Benefits paid (including direct rollovers)2016-12-31$560
Total plan assets at end of year2016-12-31$1,261,336
Total plan assets at beginning of year2016-12-31$1,027,244
Total contributions received or receivable from participants2016-12-31$138,251
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$32,595
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$234,092
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,261,336
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,027,244
Assets. Value of participant loans2016-12-31$1,774
Total contributions received or receivable from employer(s)2016-12-31$63,887
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$81

Form 5500 Responses for NOREC, LLC 401(K) P/S PLAN

2023: NOREC, LLC 401(K) P/S PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NOREC, LLC 401(K) P/S PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NOREC, LLC 401(K) P/S PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NOREC, LLC 401(K) P/S PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NOREC, LLC 401(K) P/S PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: NOREC, LLC 401(K) P/S PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: NOREC, LLC 401(K) P/S PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: NOREC, LLC 401(K) P/S PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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