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PLAS-TECH TOOLING, INC. 401(K) PLAN 401k Plan overview

Plan NamePLAS-TECH TOOLING, INC. 401(K) PLAN
Plan identification number 001

PLAS-TECH TOOLING, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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

PLAS-TECH TOOLING, INC. has sponsored the creation of one or more 401k plans.

Company Name:PLAS-TECH TOOLING, INC.
Employer identification number (EIN):391895390
NAIC Classification:332700

Additional information about PLAS-TECH TOOLING, INC.

Jurisdiction of Incorporation: Iowa Secretary of State Business Entities
Incorporation Date: 1997-06-02
Company Identification Number: 206823
Legal Registered Office Address: 520 E LYON

GARNER
United States of America (USA)
50438

More information about PLAS-TECH TOOLING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PLAS-TECH TOOLING, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-06-01
0012018-06-01
0012017-06-01
0012016-06-01
0012015-06-01
0012014-06-01DEAN SONQUIST2015-10-22
0012013-06-01DEAN SONQUIST2014-11-20
0012012-06-01DEAN SONQUIST2013-11-05
0012011-06-01DEAN SONQUIST2013-01-25
0012010-07-01DEAN SONQUIST2011-09-30
0012010-06-01DEAN SONQUIST2011-10-19

Plan Statistics for PLAS-TECH TOOLING, INC. 401(K) PLAN

401k plan membership statisitcs for PLAS-TECH TOOLING, INC. 401(K) PLAN

Measure Date Value
2022: PLAS-TECH TOOLING, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0117
Total number of active participants reported on line 7a of the Form 55002022-01-0119
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-012
Total of all active and inactive participants2022-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0121
Number of participants with account balances2022-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: PLAS-TECH TOOLING, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0122
Total number of active participants reported on line 7a of the Form 55002021-01-0116
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-011
Total of all active and inactive participants2021-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0117
Number of participants with account balances2021-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on PLAS-TECH TOOLING, INC. 401(K) PLAN

Measure Date Value
2023 : PLAS-TECH TOOLING, INC. 401(K) 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$694,028
Expenses. Total of all expenses incurred2023-12-31$130,322
Benefits paid (including direct rollovers)2023-12-31$97,666
Total plan assets at end of year2023-12-31$3,461,820
Total plan assets at beginning of year2023-12-31$2,898,114
Value of fidelity bond covering the plan2023-12-31$350,000
Total contributions received or receivable from participants2023-12-31$126,508
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$506,359
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$563,706
Net plan assets at end of year (total assets less liabilities)2023-12-31$3,461,820
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$2,898,114
Assets. Value of participant loans2023-12-31$11,492
Total contributions received or receivable from employer(s)2023-12-31$61,161
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$32,656
2022 : PLAS-TECH TOOLING, INC. 401(K) 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$0
Total income from all sources2022-12-31$-359,138
Expenses. Total of all expenses incurred2022-12-31$123,627
Benefits paid (including direct rollovers)2022-12-31$92,589
Total plan assets at end of year2022-12-31$2,898,114
Total plan assets at beginning of year2022-12-31$3,380,879
Value of fidelity bond covering the plan2022-12-31$350,000
Total contributions received or receivable from participants2022-12-31$113,565
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-526,058
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-482,765
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,898,114
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$3,380,879
Assets. Value of participant loans2022-12-31$13,829
Total contributions received or receivable from employer(s)2022-12-31$53,355
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$31,038
2021 : PLAS-TECH TOOLING, INC. 401(K) 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$604,989
Expenses. Total of all expenses incurred2021-12-31$76,287
Benefits paid (including direct rollovers)2021-12-31$43,061
Total plan assets at end of year2021-12-31$3,380,879
Total plan assets at beginning of year2021-12-31$2,852,177
Value of fidelity bond covering the plan2021-12-31$350,000
Total contributions received or receivable from participants2021-12-31$107,780
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$450,766
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$528,702
Net plan assets at end of year (total assets less liabilities)2021-12-31$3,380,879
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,852,177
Assets. Value of participant loans2021-12-31$2,885
Total contributions received or receivable from employer(s)2021-12-31$46,443
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$33,226

Form 5500 Responses for PLAS-TECH TOOLING, INC. 401(K) PLAN

2022: PLAS-TECH TOOLING, INC. 401(K) 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: PLAS-TECH TOOLING, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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