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GASKIN MANUFACTURING CORP. 401K PLAN 401k Plan overview

Plan NameGASKIN MANUFACTURING CORP. 401K PLAN
Plan identification number 001

GASKIN MANUFACTURING CORP. 401K 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.
  • 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

GASKIN MANUFACTURING CORP. has sponsored the creation of one or more 401k plans.

Company Name:GASKIN MANUFACTURING CORP.
Employer identification number (EIN):463000388
NAIC Classification:332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GASKIN MANUFACTURING CORP. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SHAWN GASKIN2024-05-14
0012022-01-01SHAWN GASKIN2023-03-13
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01SHAWN GASKIN
0012016-01-01SHAWN GASKIN
0012015-01-01SHAWN GASKIN
0012014-01-01SHAWN GASKIN

Plan Statistics for GASKIN MANUFACTURING CORP. 401K PLAN

401k plan membership statisitcs for GASKIN MANUFACTURING CORP. 401K PLAN

Measure Date Value
2021: GASKIN MANUFACTURING CORP. 401K PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0119
Total number of active participants reported on line 7a of the Form 55002021-01-0112
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-013
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 balances2021-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: GASKIN MANUFACTURING CORP. 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0117
Total number of active participants reported on line 7a of the Form 55002020-01-0114
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-013
Total of all active and inactive participants2020-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0119
Number of participants with account balances2020-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: GASKIN MANUFACTURING CORP. 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0115
Total number of active participants reported on line 7a of the Form 55002019-01-0115
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-011
Total of all active and inactive participants2019-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0117
Number of participants with account balances2019-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: GASKIN MANUFACTURING CORP. 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0111
Total number of active participants reported on line 7a of the Form 55002018-01-0113
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0114
Number of participants with account balances2018-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: GASKIN MANUFACTURING CORP. 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0111
Total number of active participants reported on line 7a of the Form 55002017-01-0110
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0111
Number of participants with account balances2017-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: GASKIN MANUFACTURING CORP. 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0116
Total number of active participants reported on line 7a of the Form 55002016-01-0110
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0111
Number of participants with account balances2016-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: GASKIN MANUFACTURING CORP. 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0113
Total number of active participants reported on line 7a of the Form 55002015-01-0112
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-013
Total of all active and inactive participants2015-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0115
Number of participants with account balances2015-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: GASKIN MANUFACTURING CORP. 401K PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0115
Total number of active participants reported on line 7a of the Form 55002014-01-0113
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0113
Number of participants with account balances2014-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on GASKIN MANUFACTURING CORP. 401K PLAN

Measure Date Value
2021 : GASKIN MANUFACTURING CORP. 401K PLAN 2021 401k financial data
Total income from all sources2021-12-31$184,016
Expenses. Total of all expenses incurred2021-12-31$85,760
Benefits paid (including direct rollovers)2021-12-31$75,961
Total plan assets at end of year2021-12-31$782,512
Total plan assets at beginning of year2021-12-31$684,256
Value of fidelity bond covering the plan2021-12-31$79,000
Total contributions received or receivable from participants2021-12-31$29,572
Contributions received from other sources (not participants or employers)2021-12-31$42,471
Other income received2021-12-31$111,973
Net income (gross income less expenses)2021-12-31$98,256
Net plan assets at end of year (total assets less liabilities)2021-12-31$782,512
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$684,256
Value of corrective distributions2021-12-31$9,799
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : GASKIN MANUFACTURING CORP. 401K PLAN 2020 401k financial data
Total income from all sources2020-12-31$138,519
Expenses. Total of all expenses incurred2020-12-31$75,336
Benefits paid (including direct rollovers)2020-12-31$69,886
Total plan assets at end of year2020-12-31$684,256
Total plan assets at beginning of year2020-12-31$621,073
Value of fidelity bond covering the plan2020-12-31$63,000
Total contributions received or receivable from participants2020-12-31$31,509
Other income received2020-12-31$107,010
Net income (gross income less expenses)2020-12-31$63,183
Net plan assets at end of year (total assets less liabilities)2020-12-31$684,256
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$621,073
Total contributions received or receivable from employer(s)2020-12-31$0
Value of corrective distributions2020-12-31$5,450
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : GASKIN MANUFACTURING CORP. 401K PLAN 2019 401k financial data
Total income from all sources2019-12-31$144,691
Expenses. Total of all expenses incurred2019-12-31$6,800
Benefits paid (including direct rollovers)2019-12-31$6,800
Total plan assets at end of year2019-12-31$621,073
Total plan assets at beginning of year2019-12-31$483,182
Value of fidelity bond covering the plan2019-12-31$57,057
Total contributions received or receivable from participants2019-12-31$27,842
Other income received2019-12-31$116,849
Net income (gross income less expenses)2019-12-31$137,891
Net plan assets at end of year (total assets less liabilities)2019-12-31$621,073
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$483,182
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : GASKIN MANUFACTURING CORP. 401K PLAN 2018 401k financial data
Total income from all sources2018-12-31$24,745
Expenses. Total of all expenses incurred2018-12-31$6,208
Total plan assets at end of year2018-12-31$483,182
Total plan assets at beginning of year2018-12-31$464,645
Value of fidelity bond covering the plan2018-12-31$28,000
Total contributions received or receivable from participants2018-12-31$36,803
Other income received2018-12-31$-32,987
Net income (gross income less expenses)2018-12-31$18,537
Net plan assets at end of year (total assets less liabilities)2018-12-31$483,182
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$464,645
Total contributions received or receivable from employer(s)2018-12-31$20,929
Value of corrective distributions2018-12-31$6,043
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$165
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : GASKIN MANUFACTURING CORP. 401K PLAN 2017 401k financial data
Total income from all sources2017-12-31$102,787
Expenses. Total of all expenses incurred2017-12-31$17,434
Benefits paid (including direct rollovers)2017-12-31$17,434
Total plan assets at end of year2017-12-31$464,645
Total plan assets at beginning of year2017-12-31$379,292
Value of fidelity bond covering the plan2017-12-31$28,000
Total contributions received or receivable from participants2017-12-31$20,315
Other income received2017-12-31$82,472
Net income (gross income less expenses)2017-12-31$85,353
Net plan assets at end of year (total assets less liabilities)2017-12-31$464,645
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$379,292
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : GASKIN MANUFACTURING CORP. 401K PLAN 2016 401k financial data
Total income from all sources2016-12-31$116,946
Expenses. Total of all expenses incurred2016-12-31$10,909
Benefits paid (including direct rollovers)2016-12-31$10,909
Total plan assets at end of year2016-12-31$379,292
Total plan assets at beginning of year2016-12-31$273,255
Value of fidelity bond covering the plan2016-12-31$28,000
Total contributions received or receivable from participants2016-12-31$32,341
Contributions received from other sources (not participants or employers)2016-12-31$64,347
Other income received2016-12-31$20,258
Net income (gross income less expenses)2016-12-31$106,037
Net plan assets at end of year (total assets less liabilities)2016-12-31$379,292
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$273,255
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : GASKIN MANUFACTURING CORP. 401K PLAN 2015 401k financial data
Total income from all sources2015-12-31$54,947
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$273,255
Total plan assets at beginning of year2015-12-31$218,308
Value of fidelity bond covering the plan2015-12-31$28,000
Total contributions received or receivable from participants2015-12-31$33,220
Other income received2015-12-31$-329
Net income (gross income less expenses)2015-12-31$54,947
Net plan assets at end of year (total assets less liabilities)2015-12-31$273,255
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$218,308
Total contributions received or receivable from employer(s)2015-12-31$22,056
2014 : GASKIN MANUFACTURING CORP. 401K PLAN 2014 401k financial data
Total income from all sources2014-12-31$218,308
Expenses. Total of all expenses incurred2014-12-31$0
Total plan assets at end of year2014-12-31$218,308
Total plan assets at beginning of year2014-12-31$0
Value of fidelity bond covering the plan2014-12-31$25,000
Total contributions received or receivable from participants2014-12-31$14,605
Contributions received from other sources (not participants or employers)2014-12-31$187,165
Other income received2014-12-31$5,644
Net income (gross income less expenses)2014-12-31$218,308
Net plan assets at end of year (total assets less liabilities)2014-12-31$218,308
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$10,894

Form 5500 Responses for GASKIN MANUFACTURING CORP. 401K PLAN

2021: GASKIN MANUFACTURING CORP. 401K 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
2020: GASKIN MANUFACTURING CORP. 401K 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 planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: GASKIN MANUFACTURING CORP. 401K PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: GASKIN MANUFACTURING CORP. 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: GASKIN MANUFACTURING CORP. 401K 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 planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: GASKIN MANUFACTURING CORP. 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: GASKIN MANUFACTURING CORP. 401K PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: GASKIN MANUFACTURING CORP. 401K PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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