401k Plan data: SPS 401(K) PLAN plan

SPS 401(K) PLAN 401k Plan overview

Plan Name	SPS 401(K) PLAN
Plan identification number	001

SPS 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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.

401k Sponsoring company profile

SHEAR PRECISION SCISSORS, LLC DBA KAI SCISSORS has sponsored the creation of one or more 401k plans.

Company Name: SHEAR PRECISION SCISSORS, LLC DBA KAI SCISSORS

Employer identification number (EIN): 473062182

NAIC Classification: 332210

Additional information about SHEAR PRECISION SCISSORS, LLC DBA KAI SCISSORS

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division

Incorporation Date: 2015-02-02

Company Identification Number: 603472893

Legal Registered Office Address: 2010 CATON WAY SW STE 101

OLYMPIA
United States of America (USA)
985021228

More information about SHEAR PRECISION SCISSORS, LLC DBA KAI SCISSORS

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 JOHN ANSAY 2024-06-21
001 2022-01-01 JOHN ANSAY 2023-07-27
001 2021-01-01 JOHN ANSAY 2022-06-20
001 2020-01-01 JOHN ANSAY 2021-07-29
001 2019-01-01 JOHN ANSAY 2020-08-05
001 2018-01-01 JOHN ANSAY 2019-06-28
001 2017-01-01 JOHN ANSAY 2018-08-22
001 2016-01-01 JOHN ANSAY 2017-09-14
001 2015-01-01 JOHN ANSAY 2016-07-26

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2023-01-01	JOHN ANSAY	2024-06-21
001	2022-01-01	JOHN ANSAY	2023-07-27
001	2021-01-01	JOHN ANSAY	2022-06-20
001	2020-01-01	JOHN ANSAY	2021-07-29
001	2019-01-01	JOHN ANSAY	2020-08-05
001	2018-01-01	JOHN ANSAY	2019-06-28
001	2017-01-01	JOHN ANSAY	2018-08-22
001	2016-01-01	JOHN ANSAY	2017-09-14
001	2015-01-01	JOHN ANSAY	2016-07-26

Potentially related plans

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Company Name:	SHEAR PRECISION SCISSORS, LLC DBA KAI SCISSORS
Employer identification number (EIN):	473062182
NAIC Classification:	332210

Jurisdiction of Incorporation:	Washington Secretary of State Corporations Division
Incorporation Date:	2015-02-02
Company Identification Number:	603472893
Legal Registered Office Address:	2010 CATON WAY SW STE 101 OLYMPIA United States of America (USA) 985021228