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JC PRECISION MILLING 401K 401k Plan overview

Plan NameJC PRECISION MILLING 401K
Plan identification number 001

JC PRECISION MILLING 401K 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

JC PRECISION MILLING INC. has sponsored the creation of one or more 401k plans.

Company Name:JC PRECISION MILLING INC.
Employer identification number (EIN):473888714
NAIC Classification:332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JC PRECISION MILLING 401K

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01DOMINIQUE SVARC2021-04-06 DOMINIQUE SVARC2021-04-06
0012019-01-01DOMINIQUE SVARC2020-09-17 DOMINIQUE SVARC2020-09-17
0012018-01-01DOMINIQUE SVARC2019-08-26 DOMINIQUE SVARC2019-08-26
0012017-01-01
0012016-01-01
0012015-05-02DEAN SVARC
0012015-05-02

Plan Statistics for JC PRECISION MILLING 401K

401k plan membership statisitcs for JC PRECISION MILLING 401K

Measure Date Value
2020: JC PRECISION MILLING 401K 2020 401k membership
Total participants, beginning-of-year2020-01-0121
Total number of active participants reported on line 7a of the Form 55002020-01-0117
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-011
Total of all active and inactive participants2020-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0118
Number of participants with account balances2020-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: JC PRECISION MILLING 401K 2019 401k membership
Total participants, beginning-of-year2019-01-0124
Total number of active participants reported on line 7a of the Form 55002019-01-0116
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-013
Total of all active and inactive participants2019-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0119
Number of participants with account balances2019-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012
2018: JC PRECISION MILLING 401K 2018 401k membership
Total participants, beginning-of-year2018-01-0120
Total number of active participants reported on line 7a of the Form 55002018-01-0117
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-012
Total of all active and inactive participants2018-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0119
Number of participants with account balances2018-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: JC PRECISION MILLING 401K 2017 401k membership
Total participants, beginning-of-year2017-01-0118
Total number of active participants reported on line 7a of the Form 55002017-01-0115
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-012
Total of all active and inactive participants2017-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0117
Number of participants with account balances2017-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: JC PRECISION MILLING 401K 2016 401k membership
Total participants, beginning-of-year2016-01-011
Total number of active participants reported on line 7a of the Form 55002016-01-0113
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-012
Total of all active and inactive participants2016-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0115
Number of participants with account balances2016-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011
2015: JC PRECISION MILLING 401K 2015 401k membership
Total participants, beginning-of-year2015-05-021
Total number of active participants reported on line 7a of the Form 55002015-05-021
Number of retired or separated participants receiving benefits2015-05-020
Number of other retired or separated participants entitled to future benefits2015-05-020
Total of all active and inactive participants2015-05-021
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-05-020
Total participants2015-05-021
Number of participants with account balances2015-05-020
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-05-020

Financial Data on JC PRECISION MILLING 401K

Measure Date Value
2020 : JC PRECISION MILLING 401K 2020 401k financial data
Total income from all sources2020-12-31$65,350
Expenses. Total of all expenses incurred2020-12-31$92,592
Benefits paid (including direct rollovers)2020-12-31$90,707
Total plan assets at end of year2020-12-31$703,752
Total plan assets at beginning of year2020-12-31$730,994
Value of fidelity bond covering the plan2020-12-31$70,375
Total contributions received or receivable from participants2020-12-31$2,573
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$62,777
Net income (gross income less expenses)2020-12-31$-27,242
Net plan assets at end of year (total assets less liabilities)2020-12-31$703,752
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$730,994
Assets. Value of employer securities2020-12-31$226,550
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$1,325
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$560
2019 : JC PRECISION MILLING 401K 2019 401k financial data
Total income from all sources2019-12-31$127,496
Expenses. Total of all expenses incurred2019-12-31$7,158
Benefits paid (including direct rollovers)2019-12-31$6,737
Total plan assets at end of year2019-12-31$730,994
Total plan assets at beginning of year2019-12-31$610,656
Value of fidelity bond covering the plan2019-12-31$73,099
Total contributions received or receivable from participants2019-12-31$21,305
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$106,191
Net income (gross income less expenses)2019-12-31$120,338
Net plan assets at end of year (total assets less liabilities)2019-12-31$730,994
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$610,656
Assets. Value of participant loans2019-12-31$1,300
Assets. Value of employer securities2019-12-31$225,000
Total contributions received or receivable from employer(s)2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$421
2018 : JC PRECISION MILLING 401K 2018 401k financial data
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$55,403
Expenses. Total of all expenses incurred2018-12-31$914
Benefits paid (including direct rollovers)2018-12-31$749
Total plan assets at end of year2018-12-31$610,656
Total plan assets at beginning of year2018-12-31$556,167
Value of fidelity bond covering the plan2018-12-31$100,000
Total contributions received or receivable from participants2018-12-31$23,670
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$31,733
Net income (gross income less expenses)2018-12-31$54,489
Net plan assets at end of year (total assets less liabilities)2018-12-31$610,656
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$556,167
Assets. Value of employer securities2018-12-31$200,560
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$165
2017 : JC PRECISION MILLING 401K 2017 401k financial data
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$-100,317
Expenses. Total of all expenses incurred2017-12-31$3,347
Benefits paid (including direct rollovers)2017-12-31$3,137
Total plan assets at end of year2017-12-31$556,167
Total plan assets at beginning of year2017-12-31$659,831
Value of fidelity bond covering the plan2017-12-31$100,000
Total contributions received or receivable from participants2017-12-31$23,888
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$-124,205
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$-103,664
Net plan assets at end of year (total assets less liabilities)2017-12-31$556,167
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$659,831
Assets. Value of employer securities2017-12-31$133,400
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$210
2016 : JC PRECISION MILLING 401K 2016 401k financial data
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$349,825
Expenses. Total of all expenses incurred2016-12-31$0
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$659,831
Total plan assets at beginning of year2016-12-31$310,006
Value of fidelity bond covering the plan2016-12-31$100,000
Total contributions received or receivable from participants2016-12-31$11,324
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$316,660
Other income received2016-12-31$10,380
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$349,825
Net plan assets at end of year (total assets less liabilities)2016-12-31$659,831
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$310,006
Assets. Value of employer securities2016-12-31$312,800
Total contributions received or receivable from employer(s)2016-12-31$11,461
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
2015 : JC PRECISION MILLING 401K 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$285,206
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$285,206
Total plan assets at beginning of year2015-12-31$0
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$230,020
Other income received2015-12-31$55,186
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$285,206
Net plan assets at end of year (total assets less liabilities)2015-12-31$285,206
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Assets. Value of employer securities2015-12-31$285,200
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0

Form 5500 Responses for JC PRECISION MILLING 401K

2020: JC PRECISION MILLING 401K 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 – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: JC PRECISION MILLING 401K 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 – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: JC PRECISION MILLING 401K 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 – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: JC PRECISION MILLING 401K 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 – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: JC PRECISION MILLING 401K 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 – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: JC PRECISION MILLING 401K 2015 form 5500 responses
2015-05-02Type of plan entitySingle employer plan
2015-05-02First time form 5500 has been submittedYes
2015-05-02Submission has been amendedNo
2015-05-02This submission is the final filingNo
2015-05-02This return/report is a short plan year return/report (less than 12 months)Yes
2015-05-02Plan is a collectively bargained planNo
2015-05-02Plan funding arrangement – TrustYes
2015-05-02Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-839430
Policy instance 1
Insurance contract or identification numberGA-839430
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $1,223
Total amount of fees paid to insurance companyUSD $242
Commission paid to Insurance BrokerUSD $1,223
Insurance broker organization code?3
Amount paid for insurance broker fees242
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-839430
Policy instance 1
Insurance contract or identification numberGA-839430
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $1,027
Total amount of fees paid to insurance companyUSD $224
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,027
Insurance broker organization code?3
Amount paid for insurance broker fees224
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-839430
Policy instance 1
Insurance contract or identification numberGA-839430
Number of Individuals Covered13
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $1,300
Total amount of fees paid to insurance companyUSD $164
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,300
Insurance broker organization code?3
Amount paid for insurance broker fees164
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-839430
Policy instance 1
Insurance contract or identification numberGA-839430
Number of Individuals Covered12
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $726
Total amount of fees paid to insurance companyUSD $101
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $726
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameTHE PENSION SPECIALISTS LTD

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