NOVOLEX (PACKAGING DYNAMICS CORPORATION) has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2023 : NOVOLEX TE 401(K) PLAN 2023 401k financial data |
|---|
| Total transfer of assets from this plan | 2023-12-31 | $36,356 |
| Total income from all sources (including contributions) | 2023-12-31 | $4,815,376 |
| Total of all expenses incurred | 2023-12-31 | $1,880,643 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $1,800,423 |
| Expenses. Certain deemed distributions of participant loans | 2023-12-31 | $971 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $3,022,444 |
| Value of total assets at end of year | 2023-12-31 | $14,317,270 |
| Value of total assets at beginning of year | 2023-12-31 | $11,418,893 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $79,249 |
| Total interest from all sources | 2023-12-31 | $72,988 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $218,103 |
| 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 | $218,103 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $2,000,000 |
| 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 | $1,838,985 |
| Participant contributions at end of year | 2023-12-31 | $772,732 |
| Participant contributions at beginning of year | 2023-12-31 | $694,378 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $28,897 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-12-31 | $1,076 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-12-31 | $782 |
| Total non interest bearing cash at beginning of year | 2023-12-31 | $0 |
| 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 | $2,934,733 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $14,317,270 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $11,418,893 |
| 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 | $4,500 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $11,648,545 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $8,866,751 |
| Interest on participant loans | 2023-12-31 | $41,785 |
| Interest earned on other investments | 2023-12-31 | $31,203 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $1,697,759 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $1,894,917 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $159,223 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,501,841 |
| 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 | $1,154,562 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $1,800,423 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-12-31 | No |
| 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 | BAKER TILLY, US LLP |
| Accountancy firm EIN | 2023-12-31 | 301413443 |
| 2022 : NOVOLEX TE 401(K) PLAN 2022 401k financial data |
|---|
| Total income from all sources (including contributions) | 2022-12-31 | $965,277 |
| Total of all expenses incurred | 2022-12-31 | $1,582,924 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,491,870 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $2,638,523 |
| Value of total assets at end of year | 2022-12-31 | $11,418,893 |
| Value of total assets at beginning of year | 2022-12-31 | $12,036,540 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $91,054 |
| Total interest from all sources | 2022-12-31 | $27,413 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $163,573 |
| 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 | $163,573 |
| Administrative expenses professional fees incurred | 2022-12-31 | $13,020 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $2,000,000 |
| 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 | $1,755,012 |
| Participant contributions at end of year | 2022-12-31 | $694,378 |
| Participant contributions at beginning of year | 2022-12-31 | $597,548 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $9,198 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $782 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $756 |
| Administrative expenses (other) incurred | 2022-12-31 | $73,534 |
| Total non interest bearing cash at end of year | 2022-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $5,059 |
| 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 | $-617,647 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $11,418,893 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $12,036,540 |
| 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 |
| Investment advisory and management fees | 2022-12-31 | $4,500 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $8,866,751 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $9,662,623 |
| Interest on participant loans | 2022-12-31 | $26,780 |
| Interest earned on other investments | 2022-12-31 | $633 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $1,697,759 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $1,605,277 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $165,277 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $165,277 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $159,223 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,887,270 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $23,038 |
| 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 | $874,313 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,491,870 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | No |
| 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 | BAKER TILLY, US LLP |
| Accountancy firm EIN | 2022-12-31 | 390859910 |
