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HIGH PURITY NEW ENGLAND 401K PLAN 401k Plan overview

Plan NameHIGH PURITY NEW ENGLAND 401K PLAN
Plan identification number 001

HIGH PURITY NEW ENGLAND 401K 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.
  • 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

HIGH PURITY NEW ENGLAND has sponsored the creation of one or more 401k plans.

Company Name:HIGH PURITY NEW ENGLAND
Employer identification number (EIN):300176086
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HIGH PURITY NEW ENGLAND 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JENNIFER BLOSE2024-07-03
0012022-01-01
0012021-01-01JENNIFER BLOSE2022-10-13
0012020-01-01JAYME SIMONEAU2021-07-09
0012019-01-01JAYME SIMONEAU2020-07-20
0012018-01-01MARK SITCOSKE2019-10-11
0012017-01-01MARK SITCOSKE2019-10-23
0012017-01-01JAYME SIMONEAU2019-11-05
0012017-01-01JAYME SIMONEAU2019-10-25
0012016-01-01JAYME SIMONEAU2019-10-25
0012016-01-01MARK SITCOSKE2019-10-23
0012016-01-01JAYME SIMONEAU2019-11-05
0012015-01-01JAYME SIMONEAU2019-11-04
0012014-01-01MARK SITCOSKE2019-10-23

Plan Statistics for HIGH PURITY NEW ENGLAND 401K PLAN

401k plan membership statisitcs for HIGH PURITY NEW ENGLAND 401K PLAN

Measure Date Value
2022: HIGH PURITY NEW ENGLAND 401K PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01139
Total number of active participants reported on line 7a of the Form 55002022-01-01116
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0119
Total of all active and inactive participants2022-01-01135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01135
Number of participants with account balances2022-01-0159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on HIGH PURITY NEW ENGLAND 401K PLAN

Measure Date Value
2022 : HIGH PURITY NEW ENGLAND 401K PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$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$215,213
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$203,487
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$193,685
Value of total corrective distributions2022-12-31$9,116
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$305,401
Value of total assets at end of year2022-12-31$488,690
Value of total assets at beginning of year2022-12-31$476,964
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$686
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$34,931
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$34,931
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$48,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$206,982
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$98,419
Administrative expenses (other) incurred2022-12-31$686
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$11,726
Value of net assets at end of year (total assets less liabilities)2022-12-31$488,690
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$476,964
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$474,461
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$467,531
Value of interest in common/collective trusts at end of year2022-12-31$14,229
Value of interest in common/collective trusts at beginning of year2022-12-31$9,433
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-123,425
Net investment gain or loss from common/collective trusts2022-12-31$-1,694
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$193,685
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31KAHN, LITWIN, RENZA & CO., LTD
Accountancy firm EIN2022-12-31050409384

Form 5500 Responses for HIGH PURITY NEW ENGLAND 401K PLAN

2022: HIGH PURITY NEW ENGLAND 401K PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

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