PRECISION TECHNOLOGIES CORP has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PRECISION TECHNOLOGIES CORP 401K PLAN
Measure | Date | Value |
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2022 : PRECISION TECHNOLOGIES CORP 401K PLAN 2022 401k financial data |
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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 | $28,277 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $73,734 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $58,733 |
Value of total corrective distributions | 2022-12-31 | $14,576 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $321,653 |
Value of total assets at end of year | 2022-12-31 | $1,428,262 |
Value of total assets at beginning of year | 2022-12-31 | $1,473,719 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $425 |
Total interest from all sources | 2022-12-31 | $602 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $84,019 |
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 | $84,019 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $148,000 |
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 | $321,653 |
Participant contributions at end of year | 2022-12-31 | $27,181 |
Participant contributions at beginning of year | 2022-12-31 | $2,518 |
Administrative expenses (other) incurred | 2022-12-31 | $425 |
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 | $-45,457 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $1,428,262 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $1,473,719 |
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 | $1,235,403 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $1,361,451 |
Interest on participant loans | 2022-12-31 | $602 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $165,678 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $109,750 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-357,318 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $-20,679 |
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 | $58,733 |
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 | YUSUFALI & ASSOCIATES |
Accountancy firm EIN | 2022-12-31 | 270075278 |
2021 : PRECISION TECHNOLOGIES CORP 401K PLAN 2021 401k financial data |
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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 | $475,244 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $107,561 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $105,625 |
Value of total corrective distributions | 2021-12-31 | $1,311 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $274,796 |
Value of total assets at end of year | 2021-12-31 | $1,473,719 |
Value of total assets at beginning of year | 2021-12-31 | $1,106,036 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $625 |
Total interest from all sources | 2021-12-31 | $75 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $95,859 |
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 | $95,859 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $111,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $274,796 |
Participant contributions at end of year | 2021-12-31 | $2,518 |
Participant contributions at beginning of year | 2021-12-31 | $1,494 |
Administrative expenses (other) incurred | 2021-12-31 | $625 |
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 | $367,683 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $1,473,719 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $1,106,036 |
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 | $1,361,451 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $1,036,309 |
Interest on participant loans | 2021-12-31 | $75 |
Value of interest in common/collective trusts at end of year | 2021-12-31 | $109,750 |
Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $68,233 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $87,034 |
Net investment gain or loss from common/collective trusts | 2021-12-31 | $17,480 |
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 | $105,625 |
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 | YUSUFALI & ASSOCIATES, LLC |
Accountancy firm EIN | 2021-12-31 | 270075278 |
2020 : PRECISION TECHNOLOGIES CORP 401K PLAN 2020 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total transfer of assets to this plan | 2020-12-31 | $0 |
Total transfer of assets from this plan | 2020-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $419,702 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $75,803 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $73,701 |
Value of total corrective distributions | 2020-12-31 | $1,852 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $248,377 |
Value of total assets at end of year | 2020-12-31 | $1,106,036 |
Value of total assets at beginning of year | 2020-12-31 | $762,137 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $250 |
Total interest from all sources | 2020-12-31 | $481 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $46,389 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $46,389 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $77,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $248,377 |
Participant contributions at end of year | 2020-12-31 | $1,494 |
Participant contributions at beginning of year | 2020-12-31 | $8,395 |
Administrative expenses (other) incurred | 2020-12-31 | $250 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $343,899 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $1,106,036 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $762,137 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $1,036,309 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $753,709 |
Interest on participant loans | 2020-12-31 | $481 |
Value of interest in common/collective trusts at end of year | 2020-12-31 | $68,233 |
Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $33 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $115,761 |
Net investment gain or loss from common/collective trusts | 2020-12-31 | $8,694 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $73,701 |
Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | VBC & COMPANY CPA'S P.C. |
Accountancy firm EIN | 2020-12-31 | 263614159 |