401k Plan data: PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN plan

PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 401k Plan overview

Plan Name	PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN
Plan identification number	001

PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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

PARAMOUNT PRECISION PRODUCTS, INC. has sponsored the creation of one or more 401k plans.

Company Name: PARAMOUNT PRECISION PRODUCTS, INC.

Employer identification number (EIN): 383442284

NAIC Classification: 332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2016-01-01
001 2015-01-01
001 2014-01-01 ROBERT PERNA 2015-04-21
001 2013-01-01 ROBERT PERNA 2014-06-25
001 2012-01-01 ROBERT PERNA 2013-06-07
001 2011-01-01 ROBERT PERNA 2012-07-24
001 2010-01-01 REANTHON SHIPLEY 2011-07-08
001 2009-01-01 R.E. ANTHONY SHIPLEY

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2016-01-01
001	2015-01-01
001	2014-01-01	ROBERT PERNA	2015-04-21
001	2013-01-01	ROBERT PERNA	2014-06-25
001	2012-01-01	ROBERT PERNA	2013-06-07
001	2011-01-01	ROBERT PERNA	2012-07-24
001	2010-01-01	REANTHON SHIPLEY	2011-07-08
001	2009-01-01	R.E. ANTHONY SHIPLEY

Plan Statistics for PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN

401k plan membership statisitcs for PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN

Measure Date Value
2016: PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 161
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 120
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 8
Total of all active and inactive participants 2016-01-01 128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 128
Number of participants with account balances 2016-01-01 39
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 5
2015: PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 144
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 144
Total of all active and inactive participants 2015-01-01 144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 144
Number of participants with account balances 2015-01-01 144
2009: PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 64
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 66
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 4
Total of all active and inactive participants 2009-01-01 70
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 70
Number of participants with account balances 2009-01-01 21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2016: PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	161
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	120
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	8
Total of all active and inactive participants	2016-01-01	128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	128
Number of participants with account balances	2016-01-01	39
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	5
2015: PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	144
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	144
Total of all active and inactive participants	2015-01-01	144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	144
Number of participants with account balances	2015-01-01	144
2009: PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	64
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	66
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	4
Total of all active and inactive participants	2009-01-01	70
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	70
Number of participants with account balances	2009-01-01	21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN

Measure	Date	Value
2016 : PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$206,569
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$198,266
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$194,059
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$143,521
Value of total assets at end of year	2016-12-31	$914,907
Value of total assets at beginning of year	2016-12-31	$906,604
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$4,207
Total interest from all sources	2016-12-31	$2,462
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$90,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$115,296
Participant contributions at end of year	2016-12-31	$50,517
Participant contributions at beginning of year	2016-12-31	$65,071
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$8,303
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$914,907
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$906,604
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in pooled separate accounts at end of year	2016-12-31	$857,028
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$826,446
Interest on participant loans	2016-12-31	$2,462
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$7,362
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$15,087
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$15,087
Net investment gain/loss from pooled separate accounts	2016-12-31	$60,586
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$28,225
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$194,059
Contract administrator fees	2016-12-31	$4,207
Did the plan have assets held for investment	2016-12-31	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	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	LONG & ASSOCIATES PC
Accountancy firm EIN	2016-12-31	352009629
2015 : PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets	2015-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total income from all sources (including contributions)	2015-12-31	$236,091
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$268,896
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$265,332
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$253,464
Value of total assets at end of year	2015-12-31	$906,604
Value of total assets at beginning of year	2015-12-31	$939,409
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$3,564
Total interest from all sources	2015-12-31	$1,015
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Administrative expenses professional fees incurred	2015-12-31	$3,564
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$90,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$141,735
Participant contributions at end of year	2015-12-31	$65,071
Participant contributions at beginning of year	2015-12-31	$8,188
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$30,209
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$-32,805
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$906,604
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$939,409
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in pooled separate accounts at end of year	2015-12-31	$826,446
Value of interest in pooled separate accounts at beginning of year	2015-12-31	$916,064
Interest on participant loans	2015-12-31	$1,015
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$15,087
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$10,512
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$10,512
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$0
Net investment gain/loss from pooled separate accounts	2015-12-31	$-18,388
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$81,520
Employer contributions (assets) at beginning of year	2015-12-31	$4,645
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$265,332
Did the plan have assets held for investment	2015-12-31	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	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	LONG & ASSOCIATES PC
Accountancy firm EIN	2015-12-31	352009629
2009 : PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN

2016: PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2009: PARAMOUNT PRECISION PRODUCTS, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

108892

Policy instance

Insurance contract or identification number	108892
Number of Individuals Covered	144
Insurance policy start date	2015-01-01
Insurance policy end date	2015-01-31
Total amount of commissions paid to insurance broker	USD $3,593
Total amount of fees paid to insurance company	USD $1,628
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Amount paid for insurance broker fees	1025
Additional information about fees paid to insurance broker	TPA FEES
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $3,593
Insurance broker name	THE ROSE FINANCIAL GROUP

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Company Name:	PARAMOUNT PRECISION PRODUCTS, INC.
Employer identification number (EIN):	383442284
NAIC Classification:	332900