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FAIRBANKS SCALES INC. SAVINGS PLAN 401k Plan overview

Plan NameFAIRBANKS SCALES INC. SAVINGS PLAN
Plan identification number 001

FAIRBANKS SCALES INC. SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

FAIRBANKS SCALES INC. has sponsored the creation of one or more 401k plans.

Company Name:FAIRBANKS SCALES INC.
Employer identification number (EIN):431464165
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAIRBANKS SCALES INC. SAVINGS 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
0012019-01-01
0012018-01-01
0012017-01-01WIN ZOELLNER
0012016-01-01WIN ZOELLNER
0012015-01-01WIN ZOELLNER WIN ZOELLNER2016-10-13

Plan Statistics for FAIRBANKS SCALES INC. SAVINGS PLAN

401k plan membership statisitcs for FAIRBANKS SCALES INC. SAVINGS PLAN

Measure Date Value
2022: FAIRBANKS SCALES INC. SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01557
Total number of active participants reported on line 7a of the Form 55002022-01-01449
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01106
Total of all active and inactive participants2022-01-01555
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01556
Number of participants with account balances2022-01-01538
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0161
2021: FAIRBANKS SCALES INC. SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01582
Total number of active participants reported on line 7a of the Form 55002021-01-01435
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01119
Total of all active and inactive participants2021-01-01554
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-013
Total participants2021-01-01557
Number of participants with account balances2021-01-01542
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0112
2020: FAIRBANKS SCALES INC. SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01675
Total number of active participants reported on line 7a of the Form 55002020-01-01460
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0199
Total of all active and inactive participants2020-01-01559
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-013
Total participants2020-01-01562
Number of participants with account balances2020-01-01550
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-01116
2019: FAIRBANKS SCALES INC. SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01643
Total number of active participants reported on line 7a of the Form 55002019-01-01580
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0185
Total of all active and inactive participants2019-01-01665
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-012
Total participants2019-01-01667
Number of participants with account balances2019-01-01598
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0177
2018: FAIRBANKS SCALES INC. SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01621
Total number of active participants reported on line 7a of the Form 55002018-01-01572
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0163
Total of all active and inactive participants2018-01-01635
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-012
Total participants2018-01-01637
Number of participants with account balances2018-01-01575
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0155
2017: FAIRBANKS SCALES INC. SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01640
Total number of active participants reported on line 7a of the Form 55002017-01-01545
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0162
Total of all active and inactive participants2017-01-01607
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-012
Total participants2017-01-01609
Number of participants with account balances2017-01-01574
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0152
2016: FAIRBANKS SCALES INC. SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01677
Total number of active participants reported on line 7a of the Form 55002016-01-01549
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0159
Total of all active and inactive participants2016-01-01608
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-012
Total participants2016-01-01610
Number of participants with account balances2016-01-01508
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0156
2015: FAIRBANKS SCALES INC. SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01670
Total number of active participants reported on line 7a of the Form 55002015-01-01631
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0145
Total of all active and inactive participants2015-01-01676
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-01677
Number of participants with account balances2015-01-01485
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0139

Financial Data on FAIRBANKS SCALES INC. SAVINGS PLAN

Measure Date Value
2022 : FAIRBANKS SCALES INC. SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
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$0
Total income from all sources (including contributions)2022-12-31$-2,584,916
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$3,659,516
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$3,591,003
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,456,445
Value of total assets at end of year2022-12-31$35,747,285
Value of total assets at beginning of year2022-12-31$41,991,717
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$68,513
Total interest from all sources2022-12-31$33,278
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$31,796
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$31,796
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
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$2,693,726
Participant contributions at end of year2022-12-31$581,829
Participant contributions at beginning of year2022-12-31$616,104
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$18,634
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$9,821
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-6,244,432
Value of net assets at end of year (total assets less liabilities)2022-12-31$35,747,285
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$41,991,717
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$2,885,088
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$3,188,424
Interest on participant loans2022-12-31$33,278
Value of interest in common/collective trusts at end of year2022-12-31$32,280,368
Value of interest in common/collective trusts at beginning of year2022-12-31$38,162,577
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-798,349
Net investment gain or loss from common/collective trusts2022-12-31$-5,308,086
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$752,898
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$5,978
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$3,591,003
Contract administrator fees2022-12-31$68,513
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 name2022-12-31FORVIS, LLP
Accountancy firm EIN2022-12-31440160260
2021 : FAIRBANKS SCALES INC. SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
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$7,245,964
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,155,936
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,070,265
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,114,996
Value of total assets at end of year2021-12-31$41,991,717
Value of total assets at beginning of year2021-12-31$37,901,689
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$85,671
Total interest from all sources2021-12-31$37,554
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$26,643
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$26,643
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
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$2,480,455
Participant contributions at end of year2021-12-31$616,104
Participant contributions at beginning of year2021-12-31$662,475
Participant contributions at end of year2021-12-31$18,634
Participant contributions at beginning of year2021-12-31$17,365
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$20,696
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$4,090,028
Value of net assets at end of year (total assets less liabilities)2021-12-31$41,991,717
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$37,901,689
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$3,188,424
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,871,910
Interest on participant loans2021-12-31$37,554
Value of interest in common/collective trusts at end of year2021-12-31$38,162,577
Value of interest in common/collective trusts at beginning of year2021-12-31$33,972,948
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$398,686
Net investment gain or loss from common/collective trusts2021-12-31$3,668,085
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$613,845
Employer contributions (assets) at end of year2021-12-31$5,978
Employer contributions (assets) at beginning of year2021-12-31$376,991
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,070,265
Contract administrator fees2021-12-31$85,671
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 plan2021-12-31Unqualified
Accountancy firm name2021-12-31FORVIS, LLP
Accountancy firm EIN2021-12-31440160260
2020 : FAIRBANKS SCALES INC. SAVINGS PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$7,826,285
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$7,056,044
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$6,983,205
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,625,661
Value of total assets at end of year2020-12-31$37,901,689
Value of total assets at beginning of year2020-12-31$37,131,448
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$72,839
Total interest from all sources2020-12-31$46,870
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$20,855
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$20,855
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$2,440,380
Participant contributions at end of year2020-12-31$662,475
Participant contributions at beginning of year2020-12-31$854,178
Participant contributions at end of year2020-12-31$17,365
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$449,331
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$770,241
Value of net assets at end of year (total assets less liabilities)2020-12-31$37,901,689
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$37,131,448
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$15,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$2,871,910
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,202,048
Interest on participant loans2020-12-31$46,870
Value of interest in common/collective trusts at end of year2020-12-31$33,972,948
Value of interest in common/collective trusts at beginning of year2020-12-31$33,075,222
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$363,052
Net investment gain or loss from common/collective trusts2020-12-31$3,769,847
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$735,950
Employer contributions (assets) at end of year2020-12-31$376,991
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$6,983,205
Contract administrator fees2020-12-31$57,839
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BKD LLP
Accountancy firm EIN2020-12-31440160260
2019 : FAIRBANKS SCALES INC. SAVINGS PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$9,639,202
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$3,238,567
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,202,799
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$4,098,874
Value of total assets at end of year2019-12-31$37,131,448
Value of total assets at beginning of year2019-12-31$30,730,813
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$35,768
Total interest from all sources2019-12-31$49,352
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$48,094
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$48,094
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$2,536,347
Participant contributions at end of year2019-12-31$854,178
Participant contributions at beginning of year2019-12-31$656,782
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$61,945
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$841,178
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$6,400,635
Value of net assets at end of year (total assets less liabilities)2019-12-31$37,131,448
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$30,730,813
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$29,068
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,202,048
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$4,043,732
Interest on participant loans2019-12-31$49,352
Value of interest in common/collective trusts at end of year2019-12-31$33,075,222
Value of interest in common/collective trusts at beginning of year2019-12-31$25,948,164
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$550,562
Net investment gain or loss from common/collective trusts2019-12-31$4,892,320
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$721,349
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$20,190
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,202,799
Contract administrator fees2019-12-31$6,700
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BKD LLP
Accountancy firm EIN2019-12-31440160260
2018 : FAIRBANKS SCALES INC. SAVINGS PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$1,719,137
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$2,236,797
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$2,207,961
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$3,205,369
Value of total assets at end of year2018-12-31$30,730,813
Value of total assets at beginning of year2018-12-31$31,248,473
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$28,836
Total interest from all sources2018-12-31$32,922
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$99,691
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$99,691
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$2,401,926
Participant contributions at end of year2018-12-31$656,782
Participant contributions at beginning of year2018-12-31$597,351
Participant contributions at end of year2018-12-31$61,945
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$53,494
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-517,660
Value of net assets at end of year (total assets less liabilities)2018-12-31$30,730,813
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$31,248,473
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$4,043,732
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$4,474,400
Interest on participant loans2018-12-31$32,922
Value of interest in common/collective trusts at end of year2018-12-31$25,948,164
Value of interest in common/collective trusts at beginning of year2018-12-31$26,176,722
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-316,311
Net investment gain or loss from common/collective trusts2018-12-31$-1,302,534
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$749,949
Employer contributions (assets) at end of year2018-12-31$20,190
Employer contributions (assets) at beginning of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$2,207,961
Contract administrator fees2018-12-31$28,836
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BKD LLP
Accountancy firm EIN2018-12-31440160260
2017 : FAIRBANKS SCALES INC. SAVINGS PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$30,738
Total income from all sources (including contributions)2017-12-31$6,332,317
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,938,333
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,900,783
Value of total corrective distributions2017-12-31$24,526
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,831,107
Value of total assets at end of year2017-12-31$31,248,473
Value of total assets at beginning of year2017-12-31$26,885,227
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$13,024
Total interest from all sources2017-12-31$31,880
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$76,581
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$76,581
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$2,106,607
Participant contributions at end of year2017-12-31$597,351
Participant contributions at beginning of year2017-12-31$699,752
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$20,188
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$30,738
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$4,393,984
Value of net assets at end of year (total assets less liabilities)2017-12-31$31,248,473
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$26,854,489
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$13,024
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$4,474,400
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$2,730,397
Interest on participant loans2017-12-31$31,880
Value of interest in common/collective trusts at end of year2017-12-31$26,176,722
Value of interest in common/collective trusts at beginning of year2017-12-31$23,455,078
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$772,433
Net investment gain or loss from common/collective trusts2017-12-31$2,620,316
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$704,312
Employer contributions (assets) at end of year2017-12-31$0
Employer contributions (assets) at beginning of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,900,783
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BKD LLP
Accountancy firm EIN2017-12-31440160260
2016 : FAIRBANKS SCALES INC. SAVINGS PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$30,738
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$48,601
Total income from all sources (including contributions)2016-12-31$3,452,586
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$2,900,205
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$2,888,376
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,043,444
Value of total assets at end of year2016-12-31$26,885,227
Value of total assets at beginning of year2016-12-31$26,350,709
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$11,829
Total interest from all sources2016-12-31$28,418
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$203,667
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$203,667
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,496,204
Participant contributions at end of year2016-12-31$699,752
Participant contributions at beginning of year2016-12-31$592,834
Participant contributions at end of year2016-12-31$0
Participant contributions at beginning of year2016-12-31$39,822
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$261,762
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$1,375
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$30,738
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$48,601
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$552,381
Value of net assets at end of year (total assets less liabilities)2016-12-31$26,854,489
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$26,302,108
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$7,500
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$2,730,397
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$21,396,245
Interest on participant loans2016-12-31$28,418
Value of interest in common/collective trusts at end of year2016-12-31$23,455,078
Value of interest in common/collective trusts at beginning of year2016-12-31$4,241,503
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$1,016,574
Net investment gain or loss from common/collective trusts2016-12-31$160,483
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$285,478
Employer contributions (assets) at end of year2016-12-31$0
Employer contributions (assets) at beginning of year2016-12-31$78,930
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$2,888,376
Contract administrator fees2016-12-31$4,329
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BKD LLP
Accountancy firm EIN2016-12-31440160260
2015 : FAIRBANKS SCALES INC. SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$48,601
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$5,742
Total income from all sources (including contributions)2015-12-31$1,900,979
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$1,838,594
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,836,319
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,893,188
Value of total assets at end of year2015-12-31$26,350,709
Value of total assets at beginning of year2015-12-31$26,245,465
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$2,275
Total interest from all sources2015-12-31$26,105
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,482,962
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$1,482,962
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$1,435,405
Participant contributions at end of year2015-12-31$592,834
Participant contributions at beginning of year2015-12-31$717,756
Participant contributions at end of year2015-12-31$39,822
Participant contributions at beginning of year2015-12-31$9,232
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$106,425
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$1,375
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$1,375
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$48,601
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$5,742
Administrative expenses (other) incurred2015-12-31$2,275
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$62,385
Value of net assets at end of year (total assets less liabilities)2015-12-31$26,302,108
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$26,239,723
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$21,396,245
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$21,783,832
Interest on participant loans2015-12-31$26,105
Value of interest in common/collective trusts at end of year2015-12-31$4,241,503
Value of interest in common/collective trusts at beginning of year2015-12-31$3,730,398
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-1,555,145
Net investment gain or loss from common/collective trusts2015-12-31$53,869
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$351,358
Employer contributions (assets) at end of year2015-12-31$78,930
Employer contributions (assets) at beginning of year2015-12-31$2,872
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,836,319
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BKD LLP
Accountancy firm EIN2015-12-31440160260

Form 5500 Responses for FAIRBANKS SCALES INC. SAVINGS PLAN

2022: FAIRBANKS SCALES INC. 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 planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FAIRBANKS SCALES INC. SAVINGS 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 planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FAIRBANKS SCALES INC. SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FAIRBANKS SCALES INC. SAVINGS 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 planYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FAIRBANKS SCALES INC. SAVINGS 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 planYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FAIRBANKS SCALES INC. SAVINGS 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
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FAIRBANKS SCALES INC. SAVINGS 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 planYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FAIRBANKS SCALES INC. SAVINGS 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 planYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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