401k Plan data: AXON PRESSURE PRODUCTS, INC. 401(K) PLAN plan

AXON PRESSURE PRODUCTS, INC. 401(K) PLAN 401k Plan overview

Plan Name	AXON PRESSURE PRODUCTS, INC. 401(K) PLAN
Plan identification number	001

AXON PRESSURE PRODUCTS, INC. 401(K) 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.
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

AXON PRESSURE PRODUCTS, INC. has sponsored the creation of one or more 401k plans.

Company Name: AXON PRESSURE PRODUCTS, INC.

Employer identification number (EIN): 272022374

NAIC Classification: 333100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AXON PRESSURE PRODUCTS, INC. 401(K) 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

Plan Statistics for AXON PRESSURE PRODUCTS, INC. 401(K) PLAN

401k plan membership statisitcs for AXON PRESSURE PRODUCTS, INC. 401(K) PLAN

Measure Date Value
2023: AXON PRESSURE PRODUCTS, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 150
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 119
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 52
Total of all active and inactive participants 2023-01-01 171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 171
Number of participants with account balances 2023-01-01 123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: AXON PRESSURE PRODUCTS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 143
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 95
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 55
Total of all active and inactive participants 2022-01-01 150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 150
Number of participants with account balances 2022-01-01 111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: AXON PRESSURE PRODUCTS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 138
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 77
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 66
Total of all active and inactive participants 2021-01-01 143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 143
Number of participants with account balances 2021-01-01 107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 4

Measure	Date	Value
2023: AXON PRESSURE PRODUCTS, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	150
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	119
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	52
Total of all active and inactive participants	2023-01-01	171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	171
Number of participants with account balances	2023-01-01	123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: AXON PRESSURE PRODUCTS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	143
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	95
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	55
Total of all active and inactive participants	2022-01-01	150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	150
Number of participants with account balances	2022-01-01	111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: AXON PRESSURE PRODUCTS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	138
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	77
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	66
Total of all active and inactive participants	2021-01-01	143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	143
Number of participants with account balances	2021-01-01	107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	4

Financial Data on AXON PRESSURE PRODUCTS, INC. 401(K) PLAN

Measure	Date	Value
2023 : AXON PRESSURE PRODUCTS, INC. 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$121,744
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$115,462
Total income from all sources (including contributions)	2023-12-31	$1,436,662
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$607,571
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$564,583
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$354,588
Value of total assets at end of year	2023-12-31	$8,435,932
Value of total assets at beginning of year	2023-12-31	$7,600,559
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$42,988
Total interest from all sources	2023-12-31	$15,313
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$190,538
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	$190,538
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$1,000,000
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	$354,588
Participant contributions at end of year	2023-12-31	$278,770
Participant contributions at beginning of year	2023-12-31	$256,555
Participant contributions at end of year	2023-12-31	$13,049
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2023-12-31	$121,744
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2023-12-31	$115,462
Total non interest bearing cash at end of year	2023-12-31	$121,744
Total non interest bearing cash at beginning of year	2023-12-31	$115,462
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	$829,091
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$8,314,188
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$7,485,097
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	$11,136
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$6,982,476
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$6,342,114
Interest on participant loans	2023-12-31	$15,313
Value of interest in common/collective trusts at end of year	2023-12-31	$1,039,893
Value of interest in common/collective trusts at beginning of year	2023-12-31	$886,428
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$852,134
Net investment gain or loss from common/collective trusts	2023-12-31	$24,089
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$564,583
Contract administrator fees	2023-12-31	$17,088
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	PANNELL, KERR FOSTER OF TEXAS, P.C.
Accountancy firm EIN	2023-12-31	760356844
2022 : AXON PRESSURE PRODUCTS, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$115,462
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	$-1,167,667
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$955,742
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$911,666
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$261,031
Value of total assets at end of year	2022-12-31	$7,600,559
Value of total assets at beginning of year	2022-12-31	$9,608,506
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$44,076
Total interest from all sources	2022-12-31	$9,389
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$198,570
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	$198,570
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$1,000,000
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	$261,031
Participant contributions at end of year	2022-12-31	$256,555
Participant contributions at beginning of year	2022-12-31	$146,601
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$115,462
Total non interest bearing cash at end of year	2022-12-31	$115,462
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	$-2,123,409
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$7,485,097
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$9,608,506
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	$44,076
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$6,342,114
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$8,566,771
Interest on participant loans	2022-12-31	$9,389
Value of interest in common/collective trusts at end of year	2022-12-31	$886,428
Value of interest in common/collective trusts at beginning of year	2022-12-31	$895,134
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,636,657
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$911,666
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	PANNELL, KERR FOSTER OF TEXAS, P.C.
Accountancy firm EIN	2022-12-31	760356844
2021 : AXON PRESSURE PRODUCTS, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	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	$1,359,978
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$1,190,990
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$1,136,355
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$228,960
Value of total assets at end of year	2021-12-31	$9,608,506
Value of total assets at beginning of year	2021-12-31	$9,439,518
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$54,635
Total interest from all sources	2021-12-31	$4,680
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$807,750
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	$807,750
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$1,000,000
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	$228,960
Participant contributions at end of year	2021-12-31	$146,601
Participant contributions at beginning of year	2021-12-31	$89,225
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	$168,988
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$9,608,506
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$9,439,518
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
Investment advisory and management fees	2021-12-31	$54,635
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$8,566,771
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$8,082,118
Interest on participant loans	2021-12-31	$4,680
Value of interest in common/collective trusts at end of year	2021-12-31	$895,134
Value of interest in common/collective trusts at beginning of year	2021-12-31	$1,268,175
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$318,588
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$1,136,355
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	PANNELL, KERR FOSTER OF TEXAS, P.C.
Accountancy firm EIN	2021-12-31	760356844

Form 5500 Responses for AXON PRESSURE PRODUCTS, INC. 401(K) PLAN

2023: AXON PRESSURE PRODUCTS, INC. 401(K) 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: AXON PRESSURE PRODUCTS, INC. 401(K) 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: AXON PRESSURE PRODUCTS, INC. 401(K) 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:	AXON PRESSURE PRODUCTS, INC.
Employer identification number (EIN):	272022374
NAIC Classification:	333100