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RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN 401k Plan overview

Plan NameRICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN
Plan identification number 002

RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.

401k Sponsoring company profile

RICHMOND MACHINERY & EQUIPMENT COMPANY ,INC. has sponsored the creation of one or more 401k plans.

Company Name:RICHMOND MACHINERY & EQUIPMENT COMPANY ,INC.
Employer identification number (EIN):540357265
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01JENNIFER CARTER2024-06-24
0022022-01-01JENNIFER CARTER2023-08-16
0022021-01-01JENNIFER L. CARTER2022-07-13
0022020-01-01JENNIFER L. CARTER2021-07-16
0022019-01-01JENNIFER L. CARTER2020-05-22
0022018-01-01JENNIFER L. CARTER2019-06-10
0022017-01-01JENNIFER L. CARTER2018-05-30
0022016-01-01JENNIFER L. CARTER2017-06-21
0022015-01-01JENNIFER L. CARTER2016-10-20
0022015-01-01JENNIFER L. CARTER2016-10-05
0022014-01-01JENNIFER L. CARTER2015-06-30
0022013-01-01JENNIFER L. CARTER
0022012-01-01JENNIFER L. CARTER
0022011-01-01JENNIFER L. CARTER JENNIFER L. CARTER2012-07-25
0022010-01-01JENNIFER L. CARTER2011-09-09

Plan Statistics for RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN

401k plan membership statisitcs for RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN

Measure Date Value
2013: RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0120
Total number of active participants reported on line 7a of the Form 55002013-01-0118
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0120
Number of participants with account balances2013-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0121
Total number of active participants reported on line 7a of the Form 55002012-01-0118
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0119
Number of participants with account balances2012-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0121
Total number of active participants reported on line 7a of the Form 55002011-01-0116
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-011
Total participants2011-01-0118
Number of participants with account balances2011-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN

Measure Date Value
2013 : RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$493,038
Expenses. Total of all expenses incurred2013-12-31$15,649
Benefits paid (including direct rollovers)2013-12-31$9,772
Total plan assets at end of year2013-12-31$2,105,710
Total plan assets at beginning of year2013-12-31$1,628,321
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$59,846
Other income received2013-12-31$394,477
Net income (gross income less expenses)2013-12-31$477,389
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,105,710
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,628,321
Assets. Value of participant loans2013-12-31$10,231
Total contributions received or receivable from employer(s)2013-12-31$38,715
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$5,877
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$284,164
Expenses. Total of all expenses incurred2012-12-31$79,093
Benefits paid (including direct rollovers)2012-12-31$73,031
Total plan assets at end of year2012-12-31$1,628,321
Total plan assets at beginning of year2012-12-31$1,423,250
Value of fidelity bond covering the plan2012-12-31$150,000
Total contributions received or receivable from participants2012-12-31$64,224
Other income received2012-12-31$180,717
Net income (gross income less expenses)2012-12-31$205,071
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,628,321
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,423,250
Assets. Value of participant loans2012-12-31$18,022
Total contributions received or receivable from employer(s)2012-12-31$39,223
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$6,062
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$26,716
Expenses. Total of all expenses incurred2011-12-31$223,531
Benefits paid (including direct rollovers)2011-12-31$217,728
Total plan assets at end of year2011-12-31$1,423,250
Total plan assets at beginning of year2011-12-31$1,620,065
Value of fidelity bond covering the plan2011-12-31$150,000
Total contributions received or receivable from participants2011-12-31$65,165
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-70,208
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-196,815
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,423,250
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,620,065
Assets. Value of participant loans2011-12-31$19,452
Total contributions received or receivable from employer(s)2011-12-31$31,759
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$5,803
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0

Form 5500 Responses for RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN

2013: RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: RICHMOND MACHINERY & EQUIPMENT COMPANY, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PACIFIC LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 67466 )
Policy contract numberVR02045236
Policy instance 1
Insurance contract or identification numberVR02045236
Number of Individuals Covered3
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Are there contracts with allocated funds for individual policies?Yes
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Insurance broker organization code?3
Insurance broker nameMORGAN STANLEY SMITH BARNEY
PACIFIC LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 67466 )
Policy contract numberVR02045236
Policy instance 1
Insurance contract or identification numberVR02045236
Number of Individuals Covered3
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $2,298
Total amount of fees paid to insurance companyUSD $225
Are there contracts with allocated funds for individual policies?Yes
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2,298
Amount paid for insurance broker fees225
Additional information about fees paid to insurance brokerESTIMATED OVERRIDE
Insurance broker organization code?3
Insurance broker nameMORGAN STANLEY SMITH BARNEY
PACIFIC LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 67466 )
Policy contract numberVR02045236
Policy instance 1
Insurance contract or identification numberVR02045236
Number of Individuals Covered1
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $2,150
Total amount of fees paid to insurance companyUSD $298
Are there contracts with allocated funds for individual policies?Yes
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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