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INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN 401k Plan overview

Plan NameINNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN
Plan identification number 001

INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING 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.
  • 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

INNOVATIVE TOOL, INC. has sponsored the creation of one or more 401k plans.

Company Name:INNOVATIVE TOOL, INC.
Employer identification number (EIN):320096618
NAIC Classification:332110

Additional information about INNOVATIVE TOOL, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1996-04-04
Company Identification Number: 2016765
Legal Registered Office Address: 31 MARTLING AVE
Nassau
STATEN ISLAND
United States of America (USA)
10310

More information about INNOVATIVE TOOL, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MAUREEN BONO2024-06-06
0012022-01-01MAUREEN BONO2023-04-20
0012021-01-01MAUREEN BONO2022-04-26
0012020-01-01MAUREEN BONO2021-07-15
0012019-01-01MAUREEN BONO2020-04-07
0012018-01-01MAUREEN BONO2019-05-16
0012017-01-01MAUREEN BONO2018-04-04
0012016-01-01MAUREEN BONO2017-05-10
0012015-01-01MAUREEN BONO2016-06-15
0012014-01-01MAUREEN BONO2015-05-20
0012013-01-01MAUREEN BONO2014-05-21
0012012-01-01MAUREEN BONO2013-10-09
0012011-01-01MAUREEN BONO2012-10-02
0012010-01-01MAUREEN BONO2011-06-01 MAUREEN BONO2011-06-01

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