Logo

HERRON INC 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameHERRON INC 401K PROFIT SHARING PLAN
Plan identification number 001

HERRON INC 401K PROFIT SHARING 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

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

Company Name:HERRON INC
Employer identification number (EIN):521596479
NAIC Classification:323100

Additional information about HERRON INC

Jurisdiction of Incorporation: Colorado Department of State
Incorporation Date: 2013-02-08
Company Identification Number: 20131091374
Legal Registered Office Address: 5142 N Academy Blvd PMB 1057

Colorado Springs
United States of America (USA)
80918

More information about HERRON INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HERRON INC 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TARA EVANS, FOR TAG RESOURCES2024-04-12
0012022-01-01TARA EVANS, FOR TAG RESOURCES2023-08-04
0012021-01-01TARA EVANS2022-06-13
0012020-01-01PHIL TISUE2021-04-09
0012019-11-01PHIL TISUE2020-10-10
0012019-11-01PHIL TISUE2021-04-09
0012018-11-01PHIL TISUE2020-12-16
0012018-11-01PHIL TISUE2021-07-21
0012018-01-01PHIL TISUE2020-10-10
0012017-11-01
0012016-11-01
0012015-11-01ANDREA KUPLIC2017-05-11
0012014-11-01KATIE OBREMSKI2016-04-28
0012013-11-01ASHLEY HOLDEN2015-05-11
0012012-11-01PATRICIA UTECHT2014-05-13
0012011-11-01RACHEL BOSWORTH2013-05-13
0012010-11-01RANDY HERRON2014-04-08 RANDY HERRON2014-04-08
0012008-11-01RANDY HERRON

Financial Data on HERRON INC 401K PROFIT SHARING PLAN

Measure Date Value
2025 : HERRON INC 401K PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-18162041
Net assets as of the end of the plan year2025-07-181495356
Total assets as of the beginning of the plan year2025-07-181363782
Value of plan covered by a fidelity bond2025-07-18500000
Participant contributions to plan in this plan year2025-07-1849831
Other income to plan in this plan year2025-07-18225477
Plan net income in this plan year2025-07-18131574
Net assets as of the end of the plan year2025-07-181495356
Net assets as of the beginning of the plan year2025-07-181363782
Employer contributions to plan in this plan year2025-07-1818307
Fees paid to broker by Benefit Provider2025-07-184210
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-1814080
2024 : HERRON INC 401K PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-04-1265844
Net assets as of the end of the plan year2024-04-121363782
Total assets as of the beginning of the plan year2024-04-121147985
Value of plan covered by a fidelity bond2024-04-12500000
Participant contributions to plan in this plan year2024-04-1246122
Value of participant loans at end of plan year2024-04-120
Other income to plan in this plan year2024-04-12219066
Plan net income in this plan year2024-04-12215797
Net assets as of the end of the plan year2024-04-121363782
Net assets as of the beginning of the plan year2024-04-121147985
Value of contributions failed to transmitted timely2024-04-1258
Employer contributions to plan in this plan year2024-04-1216453
Fees paid to broker by Benefit Provider2024-04-123409
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-1212184
2009 : HERRON INC 401K PROFIT SHARING PLAN 2009 401k financial data
Total income from all sources2009-10-31$41,585
Expenses. Total of all expenses incurred2009-10-31$3,741
Total plan assets at end of year2009-10-31$332,848
Total plan assets at beginning of year2009-10-31$295,004
Value of fidelity bond covering the plan2009-10-31$200,000
Total contributions received or receivable from participants2009-10-31$31,738
Expenses. Other expenses not covered elsewhere2009-10-31$60
Other income received2009-10-31$-9,457
Net income (gross income less expenses)2009-10-31$37,844
Net plan assets at end of year (total assets less liabilities)2009-10-31$332,848
Net plan assets at beginning of year (total assets less liabilities)2009-10-31$295,004
Assets. Value of participant loans2009-10-31$27,973
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022009-10-31$6,523
Total contributions received or receivable from employer(s)2009-10-31$19,304
Value of corrective distributions2009-10-31$3,681

Form 5500 Responses for HERRON INC 401K PROFIT SHARING PLAN

2008: HERRON INC 401K PROFIT SHARING PLAN 2008 form 5500 responses
2008-11-01Type of plan entitySingle employer plan
2008-11-01Submission has been amendedNo
2008-11-01This submission is the final filingNo
2008-11-01This return/report is a short plan year return/report (less than 12 months)No
2008-11-01Plan is a collectively bargained planNo
2008-11-01Plan funding arrangement – InsuranceYes
2008-11-01Plan funding arrangement – TrustYes
2008-11-01Plan benefit arrangement – InsuranceYes
2008-11-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number4-52322
Policy instance 1

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1