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LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameLAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 002

LAFAYETTE INSTRUMENT COMPANY, 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.
  • 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

LAFAYETTE INSTRUMENT COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:LAFAYETTE INSTRUMENT COMPANY, INC.
Employer identification number (EIN):351950005
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01SCOTT DEARING
0022023-01-01
0022023-01-01SCOTT DEARING
0022022-01-01
0022022-01-01SCOTT DEARING
0022021-01-01
0022021-01-01JENNIFER RIDER
0022020-01-01
0022019-01-01
0022018-01-01REBECCA MURPHY
0022017-01-01REBECCA MURPHY
0022016-01-01JENNIFER RIDER
0022015-01-01JENNIFER RIDER
0022014-01-01JENNIFER RIDER
0022013-01-01TERRANCE G. ECHARD2014-06-13 TERRANCE G. ECHARD2014-06-13
0022012-01-01TERRANCE G. ECHARD2013-05-30 TERRANCE G. ECHARD2013-05-30
0022011-01-01ROGER B. MCCLELLAN2012-06-06 ROGER B. MCCLELLAN2012-06-06
0022010-01-01ROGER B. MCCLELLAN2011-08-10 ROGER B. MCCLELLAN2011-08-10

Financial Data on LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$1,487,327
Expenses. Total of all expenses incurred2023-12-31$638,350
Benefits paid (including direct rollovers)2023-12-31$611,265
Total plan assets at end of year2023-12-31$5,298,323
Total plan assets at beginning of year2023-12-31$4,449,346
Value of fidelity bond covering the plan2023-12-31$500,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$297,585
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$158,349
Other income received2023-12-31$985,264
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$848,977
Net plan assets at end of year (total assets less liabilities)2023-12-31$5,298,323
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$4,449,346
Assets. Value of participant loans2023-12-31$47,086
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$46,129
Value of certain deemed distributions of participant loans2023-12-31$10,343
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$16,742
2022 : LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-888,582
Expenses. Total of all expenses incurred2022-12-31$189,773
Benefits paid (including direct rollovers)2022-12-31$167,630
Total plan assets at end of year2022-12-31$4,449,346
Total plan assets at beginning of year2022-12-31$5,527,701
Value of fidelity bond covering the plan2022-12-31$500,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$252,387
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-1,194,361
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-1,078,355
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,449,346
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,527,701
Assets. Value of participant loans2022-12-31$118,279
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$53,392
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$1,812
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$20,331
2021 : LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,090,821
Expenses. Total of all expenses incurred2021-12-31$598,859
Benefits paid (including direct rollovers)2021-12-31$578,217
Total plan assets at end of year2021-12-31$5,527,701
Total plan assets at beginning of year2021-12-31$5,035,739
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$250,176
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$798,671
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$491,962
Net plan assets at end of year (total assets less liabilities)2021-12-31$5,527,701
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$5,035,739
Assets. Value of participant loans2021-12-31$88,371
Total contributions received or receivable from employer(s)2021-12-31$41,974
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$20,642
2020 : LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$1,074,120
Expenses. Total of all expenses incurred2020-12-31$295,020
Benefits paid (including direct rollovers)2020-12-31$278,335
Total plan assets at end of year2020-12-31$5,035,739
Total plan assets at beginning of year2020-12-31$4,256,639
Value of fidelity bond covering the plan2020-12-31$400,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$202,878
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$5,966
Other income received2020-12-31$819,974
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$779,100
Net plan assets at end of year (total assets less liabilities)2020-12-31$5,035,739
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$4,256,639
Assets. Value of participant loans2020-12-31$45,038
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$45,302
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$16,685
2019 : LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,062,412
Expenses. Total of all expenses incurred2019-12-31$96,611
Benefits paid (including direct rollovers)2019-12-31$80,675
Total plan assets at end of year2019-12-31$4,256,639
Total plan assets at beginning of year2019-12-31$3,290,838
Value of fidelity bond covering the plan2019-12-31$400,000
Total contributions received or receivable from participants2019-12-31$207,275
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$812,134
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$965,801
Net plan assets at end of year (total assets less liabilities)2019-12-31$4,256,639
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$3,290,838
Assets. Value of participant loans2019-12-31$93,618
Total contributions received or receivable from employer(s)2019-12-31$43,003
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$603
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$15,333
2018 : LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$33,776
Expenses. Total of all expenses incurred2018-12-31$106,434
Benefits paid (including direct rollovers)2018-12-31$91,332
Total plan assets at end of year2018-12-31$3,290,838
Total plan assets at beginning of year2018-12-31$3,363,496
Value of fidelity bond covering the plan2018-12-31$400,000
Total contributions received or receivable from participants2018-12-31$185,250
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$1,936
Other income received2018-12-31$-196,548
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-72,658
Net plan assets at end of year (total assets less liabilities)2018-12-31$3,290,838
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$3,363,496
Assets. Value of participant loans2018-12-31$30,480
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$43,138
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$901
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$14,201
2017 : LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$790,426
Expenses. Total of all expenses incurred2017-12-31$510,459
Benefits paid (including direct rollovers)2017-12-31$499,856
Total plan assets at end of year2017-12-31$3,363,496
Total plan assets at beginning of year2017-12-31$3,083,529
Value of fidelity bond covering the plan2017-12-31$300,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$167,505
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$586,730
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$279,967
Net plan assets at end of year (total assets less liabilities)2017-12-31$3,363,496
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,083,529
Assets. Value of participant loans2017-12-31$39,064
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$36,191
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$10,603
2016 : LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$471,464
Expenses. Total of all expenses incurred2016-12-31$109,258
Benefits paid (including direct rollovers)2016-12-31$97,402
Total plan assets at end of year2016-12-31$3,083,529
Total plan assets at beginning of year2016-12-31$2,721,323
Value of fidelity bond covering the plan2016-12-31$300,000
Total contributions received or receivable from participants2016-12-31$172,316
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$253,183
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$362,206
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,083,529
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,721,323
Assets. Value of participant loans2016-12-31$42,400
Total contributions received or receivable from employer(s)2016-12-31$45,965
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$11,856
2015 : LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$238,203
Expenses. Total of all expenses incurred2015-12-31$242,014
Benefits paid (including direct rollovers)2015-12-31$230,831
Total plan assets at end of year2015-12-31$2,721,323
Total plan assets at beginning of year2015-12-31$2,725,134
Value of fidelity bond covering the plan2015-12-31$300,000
Total contributions received or receivable from participants2015-12-31$183,036
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$8,734
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-3,811
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,721,323
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,725,134
Assets. Value of participant loans2015-12-31$46,328
Total contributions received or receivable from employer(s)2015-12-31$46,433
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$11,183
2014 : LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$342,921
Expenses. Total of all expenses incurred2014-12-31$6,512
Benefits paid (including direct rollovers)2014-12-31$5,936
Total plan assets at end of year2014-12-31$2,725,134
Total plan assets at beginning of year2014-12-31$2,388,725
Value of fidelity bond covering the plan2014-12-31$300,000
Total contributions received or receivable from participants2014-12-31$160,048
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$182,873
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$336,409
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,725,134
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,388,725
Assets. Value of participant loans2014-12-31$70,353
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$576

Form 5500 Responses for LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN

2023: LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: LAFAYETTE INSTRUMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG31677
Policy instance 1

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