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INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameINTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST
Plan identification number 003

INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

INTERSTATE POWER TOOLS & MACHINING has sponsored the creation of one or more 401k plans.

Company Name:INTERSTATE POWER TOOLS & MACHINING
Employer identification number (EIN):351512073
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01RONALD BRISSETTE
0032016-01-01RONALD BRISSETTE
0032015-01-01RONALD BRISSETTE
0032014-01-01RONALD BRISSETTE
0032013-01-01RONALD BRISSETTE
0032012-01-01RONALD BRISSETTE
0032011-01-01RONALD BRISSETTE
0032009-01-01RONALD BRISSETTE

Plan Statistics for INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST

Measure Date Value
2023: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2023 401k membership
Total participants, beginning-of-year2023-01-016
Total number of active participants reported on line 7a of the Form 55002023-01-014
Number of retired or separated participants receiving benefits2023-01-012
Total of all active and inactive participants2023-01-016
Total participants2023-01-016
Number of participants with account balances2023-01-010
2022: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-016
Total number of active participants reported on line 7a of the Form 55002022-01-016
Total of all active and inactive participants2022-01-016
Total participants2022-01-016
Number of participants with account balances2022-01-010
2021: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-017
Total number of active participants reported on line 7a of the Form 55002021-01-016
Total of all active and inactive participants2021-01-016
Total participants2021-01-016
Number of participants with account balances2021-01-010
2020: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-017
Total number of active participants reported on line 7a of the Form 55002020-01-017
Total of all active and inactive participants2020-01-017
Total participants2020-01-017
Number of participants with account balances2020-01-010
2019: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-017
Total number of active participants reported on line 7a of the Form 55002019-01-017
Total of all active and inactive participants2019-01-017
Total participants2019-01-017
Number of participants with account balances2019-01-010
2018: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-016
Total number of active participants reported on line 7a of the Form 55002018-01-017
Total of all active and inactive participants2018-01-017
Total participants2018-01-017
2017: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-019
Total number of active participants reported on line 7a of the Form 55002017-01-016
Number of retired or separated participants receiving benefits2017-01-013
Total of all active and inactive participants2017-01-019
Total participants2017-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-019
Total number of active participants reported on line 7a of the Form 55002016-01-019
Total of all active and inactive participants2016-01-019
Total participants2016-01-019
2015: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-018
Total number of active participants reported on line 7a of the Form 55002015-01-019
Total of all active and inactive participants2015-01-019
Total participants2015-01-019
2014: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-018
Total number of active participants reported on line 7a of the Form 55002014-01-018
Total of all active and inactive participants2014-01-018
Total participants2014-01-018
2013: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-018
Total number of active participants reported on line 7a of the Form 55002013-01-018
Total of all active and inactive participants2013-01-018
Total participants2013-01-018
2012: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-016
Total number of active participants reported on line 7a of the Form 55002012-01-018
Total of all active and inactive participants2012-01-018
Total participants2012-01-018
2011: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-015
Total number of active participants reported on line 7a of the Form 55002011-01-016
Total of all active and inactive participants2011-01-016
Total participants2011-01-016
2009: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-017
Total number of active participants reported on line 7a of the Form 55002009-01-015
Total of all active and inactive participants2009-01-015
Total participants2009-01-015

Financial Data on INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST

Measure Date Value
2023 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2023 401k financial data
Total income from all sources2023-12-31$663,803
Expenses. Total of all expenses incurred2023-12-31$447,196
Benefits paid (including direct rollovers)2023-12-31$407,280
Total plan assets at end of year2023-12-31$4,883,149
Total plan assets at beginning of year2023-12-31$4,666,542
Value of fidelity bond covering the plan2023-12-31$275,000
Expenses. Other expenses not covered elsewhere2023-12-31$39,916
Other income received2023-12-31$584,823
Net income (gross income less expenses)2023-12-31$216,607
Net plan assets at end of year (total assets less liabilities)2023-12-31$4,883,149
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$4,666,542
Total contributions received or receivable from employer(s)2023-12-31$78,980
2022 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total income from all sources2022-12-31$-525,335
Expenses. Total of all expenses incurred2022-12-31$39,971
Total plan assets at end of year2022-12-31$4,666,542
Total plan assets at beginning of year2022-12-31$5,231,848
Value of fidelity bond covering the plan2022-12-31$275,000
Expenses. Other expenses not covered elsewhere2022-12-31$39,971
Other income received2022-12-31$-598,108
Net income (gross income less expenses)2022-12-31$-565,306
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,666,542
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,231,848
Total contributions received or receivable from employer(s)2022-12-31$72,773
2021 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2021 401k financial data
Total income from all sources2021-12-31$760,316
Expenses. Total of all expenses incurred2021-12-31$196,896
Benefits paid (including direct rollovers)2021-12-31$155,510
Total plan assets at end of year2021-12-31$5,231,848
Total plan assets at beginning of year2021-12-31$4,668,428
Value of fidelity bond covering the plan2021-12-31$275,000
Expenses. Other expenses not covered elsewhere2021-12-31$41,386
Other income received2021-12-31$684,934
Net income (gross income less expenses)2021-12-31$563,420
Net plan assets at end of year (total assets less liabilities)2021-12-31$5,231,848
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$4,668,428
Total contributions received or receivable from employer(s)2021-12-31$75,382
2020 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2020 401k financial data
Total income from all sources2020-12-31$432,600
Expenses. Total of all expenses incurred2020-12-31$34,433
Total plan assets at end of year2020-12-31$4,668,428
Total plan assets at beginning of year2020-12-31$4,270,261
Value of fidelity bond covering the plan2020-12-31$275,000
Expenses. Other expenses not covered elsewhere2020-12-31$34,433
Other income received2020-12-31$360,404
Net income (gross income less expenses)2020-12-31$398,167
Net plan assets at end of year (total assets less liabilities)2020-12-31$4,668,428
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$4,270,261
Total contributions received or receivable from employer(s)2020-12-31$72,196
2019 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2019 401k financial data
Total income from all sources2019-12-31$672,559
Expenses. Total of all expenses incurred2019-12-31$34,431
Total plan assets at end of year2019-12-31$4,270,261
Total plan assets at beginning of year2019-12-31$3,632,133
Value of fidelity bond covering the plan2019-12-31$275,000
Expenses. Other expenses not covered elsewhere2019-12-31$34,431
Other income received2019-12-31$600,559
Net income (gross income less expenses)2019-12-31$638,128
Net plan assets at end of year (total assets less liabilities)2019-12-31$4,270,261
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$3,632,133
Total contributions received or receivable from employer(s)2019-12-31$72,000
2018 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2018 401k financial data
Total income from all sources2018-12-31$-146,747
Expenses. Total of all expenses incurred2018-12-31$34,090
Total plan assets at end of year2018-12-31$3,632,133
Total plan assets at beginning of year2018-12-31$3,812,970
Value of fidelity bond covering the plan2018-12-31$275,000
Expenses. Other expenses not covered elsewhere2018-12-31$34,090
Other income received2018-12-31$-218,535
Net income (gross income less expenses)2018-12-31$-180,837
Net plan assets at end of year (total assets less liabilities)2018-12-31$3,632,133
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$3,812,970
Total contributions received or receivable from employer(s)2018-12-31$71,788
2017 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2017 401k financial data
Total income from all sources2017-12-31$480,451
Expenses. Total of all expenses incurred2017-12-31$59,595
Benefits paid (including direct rollovers)2017-12-31$28,426
Total plan assets at end of year2017-12-31$3,812,970
Total plan assets at beginning of year2017-12-31$3,392,114
Value of fidelity bond covering the plan2017-12-31$275,000
Expenses. Other expenses not covered elsewhere2017-12-31$31,169
Other income received2017-12-31$407,534
Net income (gross income less expenses)2017-12-31$420,856
Net plan assets at end of year (total assets less liabilities)2017-12-31$3,812,970
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,392,114
Total contributions received or receivable from employer(s)2017-12-31$72,917
2016 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2016 401k financial data
Total income from all sources2016-12-31$356,126
Expenses. Total of all expenses incurred2016-12-31$27,918
Total plan assets at end of year2016-12-31$3,392,114
Total plan assets at beginning of year2016-12-31$3,063,906
Value of fidelity bond covering the plan2016-12-31$275,000
Expenses. Other expenses not covered elsewhere2016-12-31$27,918
Contributions received from other sources (not participants or employers)2016-12-31$1,055
Other income received2016-12-31$283,621
Net income (gross income less expenses)2016-12-31$328,208
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,392,114
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$3,063,906
Total contributions received or receivable from employer(s)2016-12-31$71,450
2015 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2015 401k financial data
Total income from all sources2015-12-31$41,887
Expenses. Total of all expenses incurred2015-12-31$26,831
Total plan assets at end of year2015-12-31$3,063,906
Total plan assets at beginning of year2015-12-31$3,048,850
Value of fidelity bond covering the plan2015-12-31$275,000
Expenses. Other expenses not covered elsewhere2015-12-31$26,831
Other income received2015-12-31$-29,964
Net income (gross income less expenses)2015-12-31$15,056
Net plan assets at end of year (total assets less liabilities)2015-12-31$3,063,906
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$3,048,850
Total contributions received or receivable from employer(s)2015-12-31$71,851
2014 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2014 401k financial data
Total income from all sources2014-12-31$222,996
Expenses. Total of all expenses incurred2014-12-31$26,227
Benefits paid (including direct rollovers)2014-12-31$743
Total plan assets at end of year2014-12-31$3,048,850
Total plan assets at beginning of year2014-12-31$2,852,081
Value of fidelity bond covering the plan2014-12-31$275,000
Expenses. Other expenses not covered elsewhere2014-12-31$25,484
Other income received2014-12-31$155,975
Net income (gross income less expenses)2014-12-31$196,769
Net plan assets at end of year (total assets less liabilities)2014-12-31$3,048,850
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,852,081
Total contributions received or receivable from employer(s)2014-12-31$67,021
2013 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2013 401k financial data
Total income from all sources2013-12-31$495,119
Expenses. Total of all expenses incurred2013-12-31$21,979
Total plan assets at end of year2013-12-31$2,852,081
Total plan assets at beginning of year2013-12-31$2,378,941
Value of fidelity bond covering the plan2013-12-31$275,000
Expenses. Other expenses not covered elsewhere2013-12-31$21,979
Other income received2013-12-31$425,541
Net income (gross income less expenses)2013-12-31$473,140
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,852,081
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,378,941
Total contributions received or receivable from employer(s)2013-12-31$69,578
2012 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2012 401k financial data
Total income from all sources2012-12-31$329,380
Expenses. Total of all expenses incurred2012-12-31$18,840
Total plan assets at end of year2012-12-31$2,378,941
Total plan assets at beginning of year2012-12-31$2,068,401
Value of fidelity bond covering the plan2012-12-31$225,000
Expenses. Other expenses not covered elsewhere2012-12-31$18,840
Other income received2012-12-31$261,873
Net income (gross income less expenses)2012-12-31$310,540
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,378,941
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,068,401
Total contributions received or receivable from employer(s)2012-12-31$67,507
2011 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2011 401k financial data
Total income from all sources2011-12-31$46,680
Expenses. Total of all expenses incurred2011-12-31$17,621
Total plan assets at end of year2011-12-31$2,068,401
Total plan assets at beginning of year2011-12-31$2,039,342
Value of fidelity bond covering the plan2011-12-31$225,000
Expenses. Other expenses not covered elsewhere2011-12-31$17,621
Other income received2011-12-31$-19,655
Net income (gross income less expenses)2011-12-31$29,059
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,068,401
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,039,342
Total contributions received or receivable from employer(s)2011-12-31$66,335
2010 : INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2010 401k financial data
Total income from all sources2010-12-31$296,432
Expenses. Total of all expenses incurred2010-12-31$15,383
Total plan assets at end of year2010-12-31$2,039,342
Total plan assets at beginning of year2010-12-31$1,758,293
Value of fidelity bond covering the plan2010-12-31$150,000
Expenses. Other expenses not covered elsewhere2010-12-31$15,383
Other income received2010-12-31$232,687
Net income (gross income less expenses)2010-12-31$281,049
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,039,342
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,758,293
Total contributions received or receivable from employer(s)2010-12-31$63,745

Form 5500 Responses for INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST

2023: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: INTERSTATE POWER TOOLS & MACHINING INC. PROFIT SHARING PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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