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ERGOTRON 401(K) SAVINGS PLAN 401k Plan overview

Plan NameERGOTRON 401(K) SAVINGS PLAN
Plan identification number 011

ERGOTRON 401(K) SAVINGS 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:ERGOTRON, INC.
Employer identification number (EIN):411298218
NAIC Classification:339900

Additional information about ERGOTRON, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2008-10-30
Company Identification Number: 0801046232
Legal Registered Office Address: 1181 TRAPP RD STE 100

EAGAN
United States of America (USA)
55121

More information about ERGOTRON, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ERGOTRON 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0112022-01-01
0112021-01-01

Plan Statistics for ERGOTRON 401(K) SAVINGS PLAN

401k plan membership statisitcs for ERGOTRON 401(K) SAVINGS PLAN

Measure Date Value
2022: ERGOTRON 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011,843
Total number of active participants reported on line 7a of the Form 55002022-01-01494
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-011,175
Total of all active and inactive participants2022-01-011,669
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0144
Total participants2022-01-011,713
Number of participants with account balances2022-01-011,503
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0133
2021: ERGOTRON 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-015,207
Total number of active participants reported on line 7a of the Form 55002021-01-01465
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-011,334
Total of all active and inactive participants2021-01-011,799
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0144
Total participants2021-01-011,843
Number of participants with account balances2021-01-011,637
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-01332

Financial Data on ERGOTRON 401(K) SAVINGS PLAN

Measure Date Value
2022 : ERGOTRON 401(K) SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets from this plan2022-12-31$17,313
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-15,805,785
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$14,822,505
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$14,660,842
Value of total corrective distributions2022-12-31$1,604
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,318,510
Value of total assets at end of year2022-12-31$91,441,013
Value of total assets at beginning of year2022-12-31$122,086,616
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$160,059
Total interest from all sources2022-12-31$3,833
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$5,229,376
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$5,229,376
Administrative expenses professional fees incurred2022-12-31$21,259
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$2,698,999
Participant contributions at end of year2022-12-31$47,855
Participant contributions at beginning of year2022-12-31$177,980
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$82,224
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$263,501
Administrative expenses (other) incurred2022-12-31$138,800
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-30,628,290
Value of net assets at end of year (total assets less liabilities)2022-12-31$91,441,013
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$122,086,616
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$86,085,282
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$112,642,168
Interest on participant loans2022-12-31$3,833
Value of interest in common/collective trusts at end of year2022-12-31$5,307,876
Value of interest in common/collective trusts at beginning of year2022-12-31$9,158,270
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-24,529,672
Net investment gain or loss from common/collective trusts2022-12-31$172,168
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$356,010
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$25,974
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$14,660,842
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CROWE LLP
Accountancy firm EIN2022-12-31350921680
2021 : ERGOTRON 401(K) SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets from this plan2021-12-31$236,308,792
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$54,155,783
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$32,051,729
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$31,669,300
Value of total corrective distributions2021-12-31$16,093
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$20,682,456
Value of total assets at end of year2021-12-31$122,768,997
Value of total assets at beginning of year2021-12-31$336,973,735
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$366,336
Total interest from all sources2021-12-31$32,351
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$13,367,967
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$13,367,967
Administrative expenses professional fees incurred2021-12-31$20,222
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$12,598,484
Participant contributions at end of year2021-12-31$177,980
Participant contributions at beginning of year2021-12-31$1,103,248
Participant contributions at end of year2021-12-31$82,224
Participant contributions at beginning of year2021-12-31$256,443
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$3,622,155
Administrative expenses (other) incurred2021-12-31$346,114
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$2,213
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$22,104,054
Value of net assets at end of year (total assets less liabilities)2021-12-31$122,768,997
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$336,973,735
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$112,642,168
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$311,061,975
Interest on participant loans2021-12-31$32,351
Value of interest in common/collective trusts at end of year2021-12-31$9,158,270
Value of interest in common/collective trusts at beginning of year2021-12-31$23,760,135
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$19,707,480
Net investment gain or loss from common/collective trusts2021-12-31$365,529
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$4,461,817
Employer contributions (assets) at end of year2021-12-31$708,355
Employer contributions (assets) at beginning of year2021-12-31$789,721
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$31,669,300
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31CROWE LLP
Accountancy firm EIN2021-12-31350921680

Form 5500 Responses for ERGOTRON 401(K) SAVINGS PLAN

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