Logo

SALEM TOOLS, INC. 401(K) PLAN 401k Plan overview

Plan NameSALEM TOOLS, INC. 401(K) PLAN
Plan identification number 001

SALEM TOOLS, 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SALEM TOOLS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SALEM TOOLS, INC.
Employer identification number (EIN):540885549
NAIC Classification:423800

Additional information about SALEM TOOLS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1970-10-16
Company Identification Number: 0128646
Legal Registered Office Address: 1602 MIDLAND ROAD

SALEM
United States of America (USA)
24153

More information about SALEM TOOLS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SALEM TOOLS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-04-01
0012021-04-01
0012020-04-01
0012019-04-01
0012018-04-01
0012017-04-01JOANN MABRY
0012016-04-01JODY MABRY
0012015-04-01JOANN MABRY
0012014-04-01JOANN MABRY
0012013-04-01JOANN MABRY JOANN MABRY2014-10-31
0012012-04-01JOANN MABRY
0012011-04-01JOANN MABRY
0012009-04-01JOANN MABRY

Plan Statistics for SALEM TOOLS, INC. 401(K) PLAN

401k plan membership statisitcs for SALEM TOOLS, INC. 401(K) PLAN

Measure Date Value
2022: SALEM TOOLS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-04-01177
Total number of active participants reported on line 7a of the Form 55002022-04-0194
Number of retired or separated participants receiving benefits2022-04-010
Number of other retired or separated participants entitled to future benefits2022-04-0194
Total of all active and inactive participants2022-04-01188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-04-010
Total participants2022-04-01188
Number of participants with account balances2022-04-01182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-04-010
2021: SALEM TOOLS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-04-01172
Total number of active participants reported on line 7a of the Form 55002021-04-0192
Number of retired or separated participants receiving benefits2021-04-010
Number of other retired or separated participants entitled to future benefits2021-04-0186
Total of all active and inactive participants2021-04-01178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-04-010
Total participants2021-04-01178
Number of participants with account balances2021-04-01176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-04-010
2020: SALEM TOOLS, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-04-01168
Total number of active participants reported on line 7a of the Form 55002020-04-0195
Number of retired or separated participants receiving benefits2020-04-010
Number of other retired or separated participants entitled to future benefits2020-04-0178
Total of all active and inactive participants2020-04-01173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-04-010
Total participants2020-04-01173
Number of participants with account balances2020-04-01171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-04-010
2019: SALEM TOOLS, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-04-01156
Total number of active participants reported on line 7a of the Form 55002019-04-0195
Number of retired or separated participants receiving benefits2019-04-010
Number of other retired or separated participants entitled to future benefits2019-04-0173
Total of all active and inactive participants2019-04-01168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-04-010
Total participants2019-04-01168
Number of participants with account balances2019-04-01167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-04-010
2018: SALEM TOOLS, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-04-01153
Total number of active participants reported on line 7a of the Form 55002018-04-0193
Number of retired or separated participants receiving benefits2018-04-010
Number of other retired or separated participants entitled to future benefits2018-04-0163
Total of all active and inactive participants2018-04-01156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-04-010
Total participants2018-04-01156
Number of participants with account balances2018-04-01155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-04-010
2017: SALEM TOOLS, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-04-01142
Total number of active participants reported on line 7a of the Form 55002017-04-0195
Number of retired or separated participants receiving benefits2017-04-010
Number of other retired or separated participants entitled to future benefits2017-04-0157
Total of all active and inactive participants2017-04-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-04-010
Total participants2017-04-01152
Number of participants with account balances2017-04-01151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-04-010
2016: SALEM TOOLS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-04-01154
Total number of active participants reported on line 7a of the Form 55002016-04-01109
Number of retired or separated participants receiving benefits2016-04-010
Number of other retired or separated participants entitled to future benefits2016-04-0142
Total of all active and inactive participants2016-04-01151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-04-012
Total participants2016-04-01153
Number of participants with account balances2016-04-01139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-04-011
2015: SALEM TOOLS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-04-01178
Total number of active participants reported on line 7a of the Form 55002015-04-01120
Number of other retired or separated participants entitled to future benefits2015-04-0132
Total of all active and inactive participants2015-04-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-04-012
Total participants2015-04-01154
Number of participants with account balances2015-04-01139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-04-010
2014: SALEM TOOLS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-04-01243
Total number of active participants reported on line 7a of the Form 55002014-04-01131
Number of retired or separated participants receiving benefits2014-04-010
Number of other retired or separated participants entitled to future benefits2014-04-0140
Total of all active and inactive participants2014-04-01171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-04-015
Total participants2014-04-01176
Number of participants with account balances2014-04-01153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-04-011
2013: SALEM TOOLS, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-04-01155
Total number of active participants reported on line 7a of the Form 55002013-04-01209
Number of retired or separated participants receiving benefits2013-04-010
Number of other retired or separated participants entitled to future benefits2013-04-0132
Total of all active and inactive participants2013-04-01241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-04-012
Total participants2013-04-01243
Number of participants with account balances2013-04-01146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-04-010
2012: SALEM TOOLS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-04-01160
Total number of active participants reported on line 7a of the Form 55002012-04-01126
Number of retired or separated participants receiving benefits2012-04-010
Number of other retired or separated participants entitled to future benefits2012-04-0128
Total of all active and inactive participants2012-04-01154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-04-011
Total participants2012-04-01155
Number of participants with account balances2012-04-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-04-011
2011: SALEM TOOLS, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-04-01156
Total number of active participants reported on line 7a of the Form 55002011-04-01125
Number of retired or separated participants receiving benefits2011-04-010
Number of other retired or separated participants entitled to future benefits2011-04-0134
Total of all active and inactive participants2011-04-01159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-04-011
Total participants2011-04-01160
Number of participants with account balances2011-04-01146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-04-012
2009: SALEM TOOLS, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-04-01137
Total number of active participants reported on line 7a of the Form 55002009-04-0196
Number of retired or separated participants receiving benefits2009-04-010
Number of other retired or separated participants entitled to future benefits2009-04-0142
Total of all active and inactive participants2009-04-01138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-04-010
Total participants2009-04-01138
Number of participants with account balances2009-04-01133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-04-011

Financial Data on SALEM TOOLS, INC. 401(K) PLAN

Measure Date Value
2023 : SALEM TOOLS, INC. 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-03-31$0
Total transfer of assets to this plan2023-03-31$0
Total transfer of assets from this plan2023-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-03-31$0
Total income from all sources (including contributions)2023-03-31$-12,570
Total loss/gain on sale of assets2023-03-31$0
Total of all expenses incurred2023-03-31$851,038
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-03-31$826,263
Expenses. Certain deemed distributions of participant loans2023-03-31$487
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-03-31$799,652
Value of total assets at end of year2023-03-31$13,166,908
Value of total assets at beginning of year2023-03-31$14,030,516
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-03-31$24,288
Total interest from all sources2023-03-31$14,723
Total dividends received (eg from common stock, registered investment company shares)2023-03-31$427,844
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-03-31$427,844
Was this plan covered by a fidelity bond2023-03-31Yes
Value of fidelity bond cover2023-03-31$500,000
If this is an individual account plan, was there a blackout period2023-03-31No
Were there any nonexempt tranactions with any party-in-interest2023-03-31No
Contributions received from participants2023-03-31$566,104
Participant contributions at end of year2023-03-31$353,575
Participant contributions at beginning of year2023-03-31$283,711
Income. Received or receivable in cash from other sources (including rollovers)2023-03-31$34,806
Administrative expenses (other) incurred2023-03-31$24,288
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-03-31No
Value of net income/loss2023-03-31$-863,608
Value of net assets at end of year (total assets less liabilities)2023-03-31$13,166,908
Value of net assets at beginning of year (total assets less liabilities)2023-03-31$14,030,516
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-03-31No
Were any leases to which the plan was party in default or uncollectible2023-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-03-31$10,386,174
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-03-31$11,359,287
Interest on participant loans2023-03-31$14,723
Value of interest in common/collective trusts at end of year2023-03-31$2,427,159
Value of interest in common/collective trusts at beginning of year2023-03-31$2,387,518
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-03-31$-1,302,619
Net investment gain or loss from common/collective trusts2023-03-31$47,830
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-03-31No
Was there a failure to transmit to the plan any participant contributions2023-03-31No
Has the plan failed to provide any benefit when due under the plan2023-03-31No
Contributions received in cash from employer2023-03-31$198,742
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-03-31$826,263
Did the plan have assets held for investment2023-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-03-31No
Opinion of an independent qualified public accountant for this plan2023-03-31Unqualified
Accountancy firm name2023-03-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2023-03-31540504608
2022 : SALEM TOOLS, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-03-31$0
Total transfer of assets to this plan2022-03-31$0
Total transfer of assets from this plan2022-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-03-31$0
Total income from all sources (including contributions)2022-03-31$1,590,185
Total loss/gain on sale of assets2022-03-31$0
Total of all expenses incurred2022-03-31$250,560
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-03-31$220,288
Expenses. Certain deemed distributions of participant loans2022-03-31$8,125
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-03-31$1,069,844
Value of total assets at end of year2022-03-31$14,030,516
Value of total assets at beginning of year2022-03-31$12,690,891
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-03-31$22,147
Total interest from all sources2022-03-31$16,760
Total dividends received (eg from common stock, registered investment company shares)2022-03-31$1,402,705
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-03-31$1,402,705
Was this plan covered by a fidelity bond2022-03-31Yes
Value of fidelity bond cover2022-03-31$1,000,000
If this is an individual account plan, was there a blackout period2022-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2022-03-31$0
Were there any nonexempt tranactions with any party-in-interest2022-03-31No
Contributions received from participants2022-03-31$564,002
Participant contributions at end of year2022-03-31$283,711
Participant contributions at beginning of year2022-03-31$327,146
Income. Received or receivable in cash from other sources (including rollovers)2022-03-31$297,927
Administrative expenses (other) incurred2022-03-31$22,147
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-03-31No
Value of net income/loss2022-03-31$1,339,625
Value of net assets at end of year (total assets less liabilities)2022-03-31$14,030,516
Value of net assets at beginning of year (total assets less liabilities)2022-03-31$12,690,891
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-03-31No
Were any leases to which the plan was party in default or uncollectible2022-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-03-31$11,359,287
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-03-31$10,014,548
Interest on participant loans2022-03-31$16,760
Value of interest in common/collective trusts at end of year2022-03-31$2,387,518
Value of interest in common/collective trusts at beginning of year2022-03-31$2,349,197
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-03-31$-929,544
Net investment gain or loss from common/collective trusts2022-03-31$30,420
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-03-31No
Was there a failure to transmit to the plan any participant contributions2022-03-31No
Has the plan failed to provide any benefit when due under the plan2022-03-31No
Contributions received in cash from employer2022-03-31$207,915
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-03-31$220,288
Did the plan have assets held for investment2022-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-03-31No
Opinion of an independent qualified public accountant for this plan2022-03-31Unqualified
Accountancy firm name2022-03-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2022-03-31540504608
2021 : SALEM TOOLS, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-03-31$0
Total transfer of assets to this plan2021-03-31$0
Total transfer of assets from this plan2021-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-03-31$0
Total income from all sources (including contributions)2021-03-31$4,160,263
Total loss/gain on sale of assets2021-03-31$0
Total of all expenses incurred2021-03-31$948,548
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-03-31$927,585
Expenses. Certain deemed distributions of participant loans2021-03-31$4
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-03-31$756,728
Value of total assets at end of year2021-03-31$12,690,891
Value of total assets at beginning of year2021-03-31$9,479,176
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-03-31$20,959
Total interest from all sources2021-03-31$16,735
Total dividends received (eg from common stock, registered investment company shares)2021-03-31$408,809
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-03-31$408,809
Was this plan covered by a fidelity bond2021-03-31Yes
Value of fidelity bond cover2021-03-31$1,000,000
If this is an individual account plan, was there a blackout period2021-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-03-31$0
Were there any nonexempt tranactions with any party-in-interest2021-03-31No
Contributions received from participants2021-03-31$542,337
Participant contributions at end of year2021-03-31$327,146
Participant contributions at beginning of year2021-03-31$307,798
Administrative expenses (other) incurred2021-03-31$20,959
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-03-31No
Value of net income/loss2021-03-31$3,211,715
Value of net assets at end of year (total assets less liabilities)2021-03-31$12,690,891
Value of net assets at beginning of year (total assets less liabilities)2021-03-31$9,479,176
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-03-31No
Were any leases to which the plan was party in default or uncollectible2021-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-03-31$10,014,548
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-03-31$6,844,305
Interest on participant loans2021-03-31$16,735
Value of interest in common/collective trusts at end of year2021-03-31$2,349,197
Value of interest in common/collective trusts at beginning of year2021-03-31$2,327,073
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-03-31$2,934,769
Net investment gain or loss from common/collective trusts2021-03-31$43,222
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-03-31No
Was there a failure to transmit to the plan any participant contributions2021-03-31No
Has the plan failed to provide any benefit when due under the plan2021-03-31No
Contributions received in cash from employer2021-03-31$214,391
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-03-31$927,585
Did the plan have assets held for investment2021-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-03-31No
Opinion of an independent qualified public accountant for this plan2021-03-31Disclaimer
Accountancy firm name2021-03-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2021-03-31540504608
2020 : SALEM TOOLS, INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-03-31$0
Total transfer of assets to this plan2020-03-31$0
Total transfer of assets from this plan2020-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-03-31$0
Total income from all sources (including contributions)2020-03-31$-86,935
Total loss/gain on sale of assets2020-03-31$0
Total of all expenses incurred2020-03-31$496,203
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-03-31$473,003
Expenses. Certain deemed distributions of participant loans2020-03-31$2,198
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-03-31$767,072
Value of total assets at end of year2020-03-31$9,479,176
Value of total assets at beginning of year2020-03-31$10,062,314
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-03-31$21,002
Total interest from all sources2020-03-31$15,156
Total dividends received (eg from common stock, registered investment company shares)2020-03-31$351,375
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-03-31$351,375
Was this plan covered by a fidelity bond2020-03-31Yes
Value of fidelity bond cover2020-03-31$1,000,000
If this is an individual account plan, was there a blackout period2020-03-31No
Were there any nonexempt tranactions with any party-in-interest2020-03-31No
Contributions received from participants2020-03-31$493,110
Participant contributions at end of year2020-03-31$307,798
Participant contributions at beginning of year2020-03-31$203,964
Income. Received or receivable in cash from other sources (including rollovers)2020-03-31$62,258
Administrative expenses (other) incurred2020-03-31$21,002
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-03-31No
Value of net income/loss2020-03-31$-583,138
Value of net assets at end of year (total assets less liabilities)2020-03-31$9,479,176
Value of net assets at beginning of year (total assets less liabilities)2020-03-31$10,062,314
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-03-31No
Were any leases to which the plan was party in default or uncollectible2020-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-03-31$6,844,305
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-03-31$7,802,980
Interest on participant loans2020-03-31$15,156
Value of interest in common/collective trusts at end of year2020-03-31$2,327,073
Value of interest in common/collective trusts at beginning of year2020-03-31$2,055,370
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-03-31$-1,275,720
Net investment gain or loss from common/collective trusts2020-03-31$55,182
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-03-31No
Was there a failure to transmit to the plan any participant contributions2020-03-31No
Has the plan failed to provide any benefit when due under the plan2020-03-31No
Contributions received in cash from employer2020-03-31$211,704
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-03-31$473,003
Did the plan have assets held for investment2020-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-03-31Yes
Opinion of an independent qualified public accountant for this plan2020-03-31Disclaimer
Accountancy firm name2020-03-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2020-03-31540504608
2019 : SALEM TOOLS, INC. 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-03-31$0
Total transfer of assets to this plan2019-03-31$0
Total transfer of assets from this plan2019-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-03-31$0
Total income from all sources (including contributions)2019-03-31$953,002
Total loss/gain on sale of assets2019-03-31$0
Total of all expenses incurred2019-03-31$302,633
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-03-31$283,248
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-03-31$704,543
Value of total assets at end of year2019-03-31$10,062,314
Value of total assets at beginning of year2019-03-31$9,411,945
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-03-31$19,385
Total interest from all sources2019-03-31$7,701
Total dividends received (eg from common stock, registered investment company shares)2019-03-31$368,203
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-03-31$368,203
Was this plan covered by a fidelity bond2019-03-31Yes
Value of fidelity bond cover2019-03-31$1,000,000
If this is an individual account plan, was there a blackout period2019-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-03-31$0
Were there any nonexempt tranactions with any party-in-interest2019-03-31No
Contributions received from participants2019-03-31$505,063
Participant contributions at end of year2019-03-31$203,964
Participant contributions at beginning of year2019-03-31$175,507
Administrative expenses (other) incurred2019-03-31$19,385
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-03-31No
Value of net income/loss2019-03-31$650,369
Value of net assets at end of year (total assets less liabilities)2019-03-31$10,062,314
Value of net assets at beginning of year (total assets less liabilities)2019-03-31$9,411,945
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-03-31No
Were any leases to which the plan was party in default or uncollectible2019-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-03-31$7,802,980
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-03-31$7,176,906
Interest on participant loans2019-03-31$7,701
Value of interest in common/collective trusts at end of year2019-03-31$2,055,370
Value of interest in common/collective trusts at beginning of year2019-03-31$2,059,532
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-03-31$-177,701
Net investment gain or loss from common/collective trusts2019-03-31$50,256
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-03-31No
Was there a failure to transmit to the plan any participant contributions2019-03-31No
Has the plan failed to provide any benefit when due under the plan2019-03-31No
Contributions received in cash from employer2019-03-31$199,480
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-03-31$283,248
Did the plan have assets held for investment2019-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-03-31Yes
Opinion of an independent qualified public accountant for this plan2019-03-31Disclaimer
Accountancy firm name2019-03-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2019-03-31540504608
2018 : SALEM TOOLS, INC. 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-03-31$0
Total transfer of assets from this plan2018-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-03-31$0
Total income from all sources (including contributions)2018-03-31$1,910,385
Total loss/gain on sale of assets2018-03-31$0
Total of all expenses incurred2018-03-31$219,296
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-03-31$197,049
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-03-31$1,116,840
Value of total assets at end of year2018-03-31$9,411,945
Value of total assets at beginning of year2018-03-31$7,720,856
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-03-31$22,247
Total interest from all sources2018-03-31$6,570
Total dividends received (eg from common stock, registered investment company shares)2018-03-31$361,981
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-03-31$361,981
Was this plan covered by a fidelity bond2018-03-31Yes
Value of fidelity bond cover2018-03-31$500,000
If this is an individual account plan, was there a blackout period2018-03-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-03-31$0
Were there any nonexempt tranactions with any party-in-interest2018-03-31No
Contributions received from participants2018-03-31$463,307
Participant contributions at end of year2018-03-31$175,507
Participant contributions at beginning of year2018-03-31$133,729
Income. Received or receivable in cash from other sources (including rollovers)2018-03-31$443,188
Other income not declared elsewhere2018-03-31$0
Administrative expenses (other) incurred2018-03-31$22,247
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-03-31No
Value of net income/loss2018-03-31$1,691,089
Value of net assets at end of year (total assets less liabilities)2018-03-31$9,411,945
Value of net assets at beginning of year (total assets less liabilities)2018-03-31$7,720,856
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-03-31No
Were any leases to which the plan was party in default or uncollectible2018-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-03-31$7,176,906
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-03-31$4,123,060
Interest on participant loans2018-03-31$6,570
Value of interest in common/collective trusts at end of year2018-03-31$2,059,532
Value of interest in common/collective trusts at beginning of year2018-03-31$3,427,341
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-03-31$36,726
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-03-31$36,726
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-03-31$389,497
Net investment gain or loss from common/collective trusts2018-03-31$35,497
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-03-31No
Was there a failure to transmit to the plan any participant contributions2018-03-31No
Has the plan failed to provide any benefit when due under the plan2018-03-31No
Contributions received in cash from employer2018-03-31$210,345
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-03-31$197,049
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-03-31Yes
Did the plan have assets held for investment2018-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-03-31Yes
Opinion of an independent qualified public accountant for this plan2018-03-31Disclaimer
Accountancy firm name2018-03-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2018-03-31540504608
2017 : SALEM TOOLS, INC. 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-03-31$0
Total income from all sources (including contributions)2017-03-31$1,452,341
Total loss/gain on sale of assets2017-03-31$0
Total of all expenses incurred2017-03-31$1,483,350
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-03-31$1,434,230
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-03-31$697,112
Value of total assets at end of year2017-03-31$7,720,856
Value of total assets at beginning of year2017-03-31$7,751,865
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-03-31$49,120
Total interest from all sources2017-03-31$7,460
Total dividends received (eg from common stock, registered investment company shares)2017-03-31$83,513
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-03-31$83,513
Was this plan covered by a fidelity bond2017-03-31Yes
Value of fidelity bond cover2017-03-31$1,000,000
If this is an individual account plan, was there a blackout period2017-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-03-31$0
Were there any nonexempt tranactions with any party-in-interest2017-03-31No
Contributions received from participants2017-03-31$468,492
Participant contributions at end of year2017-03-31$133,729
Participant contributions at beginning of year2017-03-31$204,256
Other income not declared elsewhere2017-03-31$39
Administrative expenses (other) incurred2017-03-31$49,120
Total non interest bearing cash at beginning of year2017-03-31$42
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-03-31No
Value of net income/loss2017-03-31$-31,009
Value of net assets at end of year (total assets less liabilities)2017-03-31$7,720,856
Value of net assets at beginning of year (total assets less liabilities)2017-03-31$7,751,865
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-03-31No
Were any leases to which the plan was party in default or uncollectible2017-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-03-31$4,123,060
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-03-31$4,279,409
Interest on participant loans2017-03-31$7,444
Value of interest in common/collective trusts at end of year2017-03-31$3,427,341
Value of interest in common/collective trusts at beginning of year2017-03-31$3,268,158
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-03-31$36,726
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-03-31$16
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-03-31$470,214
Net investment gain or loss from common/collective trusts2017-03-31$194,003
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-03-31No
Was there a failure to transmit to the plan any participant contributions2017-03-31No
Has the plan failed to provide any benefit when due under the plan2017-03-31No
Contributions received in cash from employer2017-03-31$228,620
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-03-31$1,434,230
Did the plan have assets held for investment2017-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-03-31No
Aggregate proceeds on sale of assets2017-03-31$3,645
Aggregate carrying amount (costs) on sale of assets2017-03-31$3,645
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-03-31Yes
Opinion of an independent qualified public accountant for this plan2017-03-31Disclaimer
Accountancy firm name2017-03-31BROWN EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2017-03-31540604608
2016 : SALEM TOOLS, INC. 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-03-31$0
Total income from all sources (including contributions)2016-03-31$639,987
Total loss/gain on sale of assets2016-03-31$7
Total of all expenses incurred2016-03-31$523,783
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-03-31$477,002
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-03-31$720,779
Value of total assets at end of year2016-03-31$7,751,865
Value of total assets at beginning of year2016-03-31$7,635,661
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-03-31$46,781
Total interest from all sources2016-03-31$8,987
Total dividends received (eg from common stock, registered investment company shares)2016-03-31$76,807
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-03-31$76,807
Was this plan covered by a fidelity bond2016-03-31Yes
Value of fidelity bond cover2016-03-31$1,000,000
If this is an individual account plan, was there a blackout period2016-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-03-31$0
Were there any nonexempt tranactions with any party-in-interest2016-03-31No
Contributions received from participants2016-03-31$504,824
Participant contributions at end of year2016-03-31$204,256
Participant contributions at beginning of year2016-03-31$215,663
Income. Received or receivable in cash from other sources (including rollovers)2016-03-31$21,085
Other income not declared elsewhere2016-03-31$363
Administrative expenses (other) incurred2016-03-31$46,781
Total non interest bearing cash at end of year2016-03-31$42
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-03-31No
Value of net income/loss2016-03-31$116,204
Value of net assets at end of year (total assets less liabilities)2016-03-31$7,751,865
Value of net assets at beginning of year (total assets less liabilities)2016-03-31$7,635,661
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-03-31No
Were any leases to which the plan was party in default or uncollectible2016-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-03-31$4,279,409
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-03-31$4,462,887
Interest on participant loans2016-03-31$8,987
Value of interest in common/collective trusts at end of year2016-03-31$3,268,158
Value of interest in common/collective trusts at beginning of year2016-03-31$2,957,111
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-03-31$-202,864
Net investment gain or loss from common/collective trusts2016-03-31$35,908
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-03-31No
Was there a failure to transmit to the plan any participant contributions2016-03-31No
Has the plan failed to provide any benefit when due under the plan2016-03-31No
Contributions received in cash from employer2016-03-31$194,870
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-03-31$477,002
Did the plan have assets held for investment2016-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-03-31No
Aggregate proceeds on sale of assets2016-03-31$7
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-03-31Yes
Opinion of an independent qualified public accountant for this plan2016-03-31Disclaimer
Accountancy firm name2016-03-31BROWN EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2016-03-31540504608
2015 : SALEM TOOLS, INC. 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-03-31$0
Total income from all sources (including contributions)2015-03-31$1,032,773
Total loss/gain on sale of assets2015-03-31$0
Total of all expenses incurred2015-03-31$220,656
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-03-31$173,915
Value of total corrective distributions2015-03-31$616
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-03-31$710,083
Value of total assets at end of year2015-03-31$7,635,661
Value of total assets at beginning of year2015-03-31$6,823,544
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-03-31$46,125
Total interest from all sources2015-03-31$7,624
Total dividends received (eg from common stock, registered investment company shares)2015-03-31$211,030
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-03-31$211,030
Was this plan covered by a fidelity bond2015-03-31Yes
Value of fidelity bond cover2015-03-31$750,000
If this is an individual account plan, was there a blackout period2015-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-03-31$0
Were there any nonexempt tranactions with any party-in-interest2015-03-31No
Contributions received from participants2015-03-31$488,446
Participant contributions at end of year2015-03-31$215,663
Participant contributions at beginning of year2015-03-31$197,120
Income. Received or receivable in cash from other sources (including rollovers)2015-03-31$7,962
Other income not declared elsewhere2015-03-31$40
Administrative expenses (other) incurred2015-03-31$46,125
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-03-31No
Value of net income/loss2015-03-31$812,117
Value of net assets at end of year (total assets less liabilities)2015-03-31$7,635,661
Value of net assets at beginning of year (total assets less liabilities)2015-03-31$6,823,544
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-03-31No
Were any leases to which the plan was party in default or uncollectible2015-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-03-31$4,462,887
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-03-31$3,837,436
Interest on participant loans2015-03-31$7,624
Value of interest in common/collective trusts at end of year2015-03-31$2,957,111
Value of interest in common/collective trusts at beginning of year2015-03-31$2,788,988
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-03-31$-4,878
Net investment gain or loss from common/collective trusts2015-03-31$108,874
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-03-31No
Was there a failure to transmit to the plan any participant contributions2015-03-31No
Has the plan failed to provide any benefit when due under the plan2015-03-31No
Contributions received in cash from employer2015-03-31$213,675
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-03-31$173,915
Did the plan have assets held for investment2015-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-03-31Yes
Opinion of an independent qualified public accountant for this plan2015-03-31Disclaimer
Accountancy firm name2015-03-31BROWN EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2015-03-31540604608
2014 : SALEM TOOLS, INC. 401(K) PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-03-31$-331
Total unrealized appreciation/depreciation of assets2014-03-31$-331
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-03-31$0
Total income from all sources (including contributions)2014-03-31$1,360,092
Total loss/gain on sale of assets2014-03-31$2,235
Total of all expenses incurred2014-03-31$725,376
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-03-31$682,645
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-03-31$763,490
Value of total assets at end of year2014-03-31$6,823,544
Value of total assets at beginning of year2014-03-31$6,188,828
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-03-31$42,731
Total interest from all sources2014-03-31$7,751
Total dividends received (eg from common stock, registered investment company shares)2014-03-31$160,985
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-03-31$160,985
Was this plan covered by a fidelity bond2014-03-31Yes
Value of fidelity bond cover2014-03-31$750,000
If this is an individual account plan, was there a blackout period2014-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-03-31$0
Were there any nonexempt tranactions with any party-in-interest2014-03-31No
Contributions received from participants2014-03-31$472,850
Participant contributions at end of year2014-03-31$197,120
Participant contributions at beginning of year2014-03-31$172,791
Income. Received or receivable in cash from other sources (including rollovers)2014-03-31$80,612
Other income not declared elsewhere2014-03-31$58
Administrative expenses (other) incurred2014-03-31$42,731
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-03-31No
Value of net income/loss2014-03-31$634,716
Value of net assets at end of year (total assets less liabilities)2014-03-31$6,823,544
Value of net assets at beginning of year (total assets less liabilities)2014-03-31$6,188,828
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-03-31No
Were any leases to which the plan was party in default or uncollectible2014-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-03-31$3,837,436
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-03-31$3,264,700
Interest on participant loans2014-03-31$7,751
Value of interest in common/collective trusts at end of year2014-03-31$2,788,988
Value of interest in common/collective trusts at beginning of year2014-03-31$2,751,337
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-03-31$269,594
Net investment gain or loss from common/collective trusts2014-03-31$156,310
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-03-31No
Was there a failure to transmit to the plan any participant contributions2014-03-31No
Has the plan failed to provide any benefit when due under the plan2014-03-31No
Contributions received in cash from employer2014-03-31$210,028
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-03-31$682,645
Did the plan have assets held for investment2014-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-03-31No
Aggregate proceeds on sale of assets2014-03-31$6,799
Aggregate carrying amount (costs) on sale of assets2014-03-31$4,564
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-03-31Yes
Opinion of an independent qualified public accountant for this plan2014-03-31Disclaimer
Accountancy firm name2014-03-31BROWN EDWARDS & COMPANY, LLP
Accountancy firm EIN2014-03-31540604608
2013 : SALEM TOOLS, INC. 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-03-31$0
Total income from all sources (including contributions)2013-03-31$1,415,533
Total loss/gain on sale of assets2013-03-31$0
Total of all expenses incurred2013-03-31$903,143
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-03-31$863,225
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-03-31$991,158
Value of total assets at end of year2013-03-31$6,188,828
Value of total assets at beginning of year2013-03-31$5,676,438
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-03-31$39,918
Total interest from all sources2013-03-31$7,741
Total dividends received (eg from common stock, registered investment company shares)2013-03-31$49,797
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-03-31$49,797
Was this plan covered by a fidelity bond2013-03-31Yes
Value of fidelity bond cover2013-03-31$500,000
If this is an individual account plan, was there a blackout period2013-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-03-31$0
Were there any nonexempt tranactions with any party-in-interest2013-03-31No
Contributions received from participants2013-03-31$450,126
Participant contributions at end of year2013-03-31$172,791
Participant contributions at beginning of year2013-03-31$168,609
Income. Received or receivable in cash from other sources (including rollovers)2013-03-31$336,782
Other income not declared elsewhere2013-03-31$11,916
Administrative expenses (other) incurred2013-03-31$39,918
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-03-31No
Value of net income/loss2013-03-31$512,390
Value of net assets at end of year (total assets less liabilities)2013-03-31$6,188,828
Value of net assets at beginning of year (total assets less liabilities)2013-03-31$5,676,438
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-03-31No
Were any leases to which the plan was party in default or uncollectible2013-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-03-31$3,264,700
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-03-31$3,024,231
Interest on participant loans2013-03-31$7,741
Value of interest in common/collective trusts at end of year2013-03-31$2,751,337
Value of interest in common/collective trusts at beginning of year2013-03-31$2,483,598
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-03-31$253,650
Net investment gain or loss from common/collective trusts2013-03-31$101,271
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-03-31No
Was there a failure to transmit to the plan any participant contributions2013-03-31No
Has the plan failed to provide any benefit when due under the plan2013-03-31No
Contributions received in cash from employer2013-03-31$204,250
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-03-31$863,225
Did the plan have assets held for investment2013-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-03-31Yes
Opinion of an independent qualified public accountant for this plan2013-03-31Disclaimer
Accountancy firm name2013-03-31BROWN, EDWARDS & COMPANY, LLP
Accountancy firm EIN2013-03-31540604608
2012 : SALEM TOOLS, INC. 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-03-31$0
Total income from all sources (including contributions)2012-03-31$664,199
Total loss/gain on sale of assets2012-03-31$0
Total of all expenses incurred2012-03-31$122,853
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-03-31$83,506
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-03-31$541,671
Value of total assets at end of year2012-03-31$5,676,438
Value of total assets at beginning of year2012-03-31$5,135,092
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-03-31$39,347
Total interest from all sources2012-03-31$6,256
Total dividends received (eg from common stock, registered investment company shares)2012-03-31$50,642
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-03-31$50,642
Was this plan covered by a fidelity bond2012-03-31Yes
Value of fidelity bond cover2012-03-31$500,000
If this is an individual account plan, was there a blackout period2012-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-03-31$0
Were there any nonexempt tranactions with any party-in-interest2012-03-31No
Contributions received from participants2012-03-31$376,243
Participant contributions at end of year2012-03-31$168,609
Participant contributions at beginning of year2012-03-31$141,899
Income. Received or receivable in cash from other sources (including rollovers)2012-03-31$915
Other income not declared elsewhere2012-03-31$12,506
Administrative expenses (other) incurred2012-03-31$39,347
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-03-31No
Value of net income/loss2012-03-31$541,346
Value of net assets at end of year (total assets less liabilities)2012-03-31$5,676,438
Value of net assets at beginning of year (total assets less liabilities)2012-03-31$5,135,092
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-03-31No
Were any leases to which the plan was party in default or uncollectible2012-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-03-31$3,024,231
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-03-31$2,656,788
Interest on participant loans2012-03-31$6,256
Value of interest in common/collective trusts at end of year2012-03-31$2,483,598
Value of interest in common/collective trusts at beginning of year2012-03-31$2,336,405
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-03-31$-15,905
Net investment gain or loss from common/collective trusts2012-03-31$69,029
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-03-31No
Was there a failure to transmit to the plan any participant contributions2012-03-31No
Has the plan failed to provide any benefit when due under the plan2012-03-31No
Contributions received in cash from employer2012-03-31$164,513
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-03-31$83,506
Did the plan have assets held for investment2012-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-03-31Yes
Opinion of an independent qualified public accountant for this plan2012-03-31Disclaimer
Accountancy firm name2012-03-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2012-03-31540604608
2011 : SALEM TOOLS, INC. 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-03-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-03-31$0
Total income from all sources (including contributions)2011-03-31$757,291
Total loss/gain on sale of assets2011-03-31$0
Total of all expenses incurred2011-03-31$223,608
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-03-31$192,265
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-03-31$287,852
Value of total assets at end of year2011-03-31$5,135,092
Value of total assets at beginning of year2011-03-31$4,601,409
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-03-31$31,343
Total interest from all sources2011-03-31$5,330
Total dividends received (eg from common stock, registered investment company shares)2011-03-31$33,672
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-03-31$33,672
Was this plan covered by a fidelity bond2011-03-31Yes
Value of fidelity bond cover2011-03-31$500,000
If this is an individual account plan, was there a blackout period2011-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-03-31$0
Were there any nonexempt tranactions with any party-in-interest2011-03-31No
Contributions received from participants2011-03-31$287,852
Participant contributions at end of year2011-03-31$141,899
Participant contributions at beginning of year2011-03-31$89,277
Other income not declared elsewhere2011-03-31$5,978
Administrative expenses (other) incurred2011-03-31$31,343
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-03-31No
Value of net income/loss2011-03-31$533,683
Value of net assets at end of year (total assets less liabilities)2011-03-31$5,135,092
Value of net assets at beginning of year (total assets less liabilities)2011-03-31$4,601,409
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-03-31No
Were any leases to which the plan was party in default or uncollectible2011-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-03-31$2,656,788
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-03-31$2,634,333
Interest on participant loans2011-03-31$5,330
Value of interest in common/collective trusts at end of year2011-03-31$2,336,405
Value of interest in common/collective trusts at beginning of year2011-03-31$1,877,799
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-03-31$330,774
Net investment gain or loss from common/collective trusts2011-03-31$93,685
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-03-31No
Was there a failure to transmit to the plan any participant contributions2011-03-31No
Has the plan failed to provide any benefit when due under the plan2011-03-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-03-31$192,265
Did the plan have assets held for investment2011-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-03-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-03-31Yes
Opinion of an independent qualified public accountant for this plan2011-03-31Disclaimer
Accountancy firm name2011-03-31SPENCER, HAGER & MOSDELL, P.C.
Accountancy firm EIN2011-03-31541467814
2010 : SALEM TOOLS, INC. 401(K) PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-03-31$0

Form 5500 Responses for SALEM TOOLS, INC. 401(K) PLAN

2022: SALEM TOOLS, INC. 401(K) PLAN 2022 form 5500 responses
2022-04-01Type of plan entitySingle employer plan
2022-04-01Submission has been amendedNo
2022-04-01This submission is the final filingNo
2022-04-01This return/report is a short plan year return/report (less than 12 months)No
2022-04-01Plan is a collectively bargained planNo
2022-04-01Plan funding arrangement – TrustYes
2022-04-01Plan benefit arrangement - TrustYes
2021: SALEM TOOLS, INC. 401(K) PLAN 2021 form 5500 responses
2021-04-01Type of plan entitySingle employer plan
2021-04-01Submission has been amendedNo
2021-04-01This submission is the final filingNo
2021-04-01This return/report is a short plan year return/report (less than 12 months)No
2021-04-01Plan is a collectively bargained planNo
2021-04-01Plan funding arrangement – TrustYes
2021-04-01Plan benefit arrangement - TrustYes
2020: SALEM TOOLS, INC. 401(K) PLAN 2020 form 5500 responses
2020-04-01Type of plan entitySingle employer plan
2020-04-01Submission has been amendedNo
2020-04-01This submission is the final filingNo
2020-04-01This return/report is a short plan year return/report (less than 12 months)No
2020-04-01Plan is a collectively bargained planNo
2020-04-01Plan funding arrangement – TrustYes
2020-04-01Plan benefit arrangement - TrustYes
2019: SALEM TOOLS, INC. 401(K) PLAN 2019 form 5500 responses
2019-04-01Type of plan entitySingle employer plan
2019-04-01Submission has been amendedNo
2019-04-01This submission is the final filingNo
2019-04-01This return/report is a short plan year return/report (less than 12 months)No
2019-04-01Plan is a collectively bargained planNo
2019-04-01Plan funding arrangement – TrustYes
2019-04-01Plan benefit arrangement - TrustYes
2018: SALEM TOOLS, INC. 401(K) PLAN 2018 form 5500 responses
2018-04-01Type of plan entitySingle employer plan
2018-04-01Submission has been amendedNo
2018-04-01This submission is the final filingNo
2018-04-01This return/report is a short plan year return/report (less than 12 months)No
2018-04-01Plan is a collectively bargained planNo
2018-04-01Plan funding arrangement – TrustYes
2018-04-01Plan benefit arrangement - TrustYes
2017: SALEM TOOLS, INC. 401(K) PLAN 2017 form 5500 responses
2017-04-01Type of plan entitySingle employer plan
2017-04-01Submission has been amendedNo
2017-04-01This submission is the final filingNo
2017-04-01This return/report is a short plan year return/report (less than 12 months)No
2017-04-01Plan is a collectively bargained planNo
2017-04-01Plan funding arrangement – TrustYes
2017-04-01Plan benefit arrangement - TrustYes
2016: SALEM TOOLS, INC. 401(K) PLAN 2016 form 5500 responses
2016-04-01Type of plan entitySingle employer plan
2016-04-01Submission has been amendedNo
2016-04-01This submission is the final filingNo
2016-04-01This return/report is a short plan year return/report (less than 12 months)No
2016-04-01Plan is a collectively bargained planNo
2016-04-01Plan funding arrangement – TrustYes
2016-04-01Plan benefit arrangement - TrustYes
2015: SALEM TOOLS, INC. 401(K) PLAN 2015 form 5500 responses
2015-04-01Type of plan entitySingle employer plan
2015-04-01Submission has been amendedNo
2015-04-01This submission is the final filingNo
2015-04-01This return/report is a short plan year return/report (less than 12 months)No
2015-04-01Plan is a collectively bargained planNo
2015-04-01Plan funding arrangement – TrustYes
2015-04-01Plan benefit arrangement - TrustYes
2014: SALEM TOOLS, INC. 401(K) PLAN 2014 form 5500 responses
2014-04-01Type of plan entitySingle employer plan
2014-04-01Submission has been amendedNo
2014-04-01This submission is the final filingNo
2014-04-01This return/report is a short plan year return/report (less than 12 months)No
2014-04-01Plan is a collectively bargained planNo
2014-04-01Plan funding arrangement – TrustYes
2014-04-01Plan benefit arrangement - TrustYes
2013: SALEM TOOLS, INC. 401(K) PLAN 2013 form 5500 responses
2013-04-01Type of plan entitySingle employer plan
2013-04-01Submission has been amendedNo
2013-04-01This submission is the final filingNo
2013-04-01This return/report is a short plan year return/report (less than 12 months)No
2013-04-01Plan is a collectively bargained planNo
2013-04-01Plan funding arrangement – TrustYes
2013-04-01Plan benefit arrangement - TrustYes
2012: SALEM TOOLS, INC. 401(K) PLAN 2012 form 5500 responses
2012-04-01Type of plan entitySingle employer plan
2012-04-01Submission has been amendedNo
2012-04-01This submission is the final filingNo
2012-04-01This return/report is a short plan year return/report (less than 12 months)No
2012-04-01Plan is a collectively bargained planNo
2012-04-01Plan funding arrangement – TrustYes
2012-04-01Plan benefit arrangement - TrustYes
2011: SALEM TOOLS, INC. 401(K) PLAN 2011 form 5500 responses
2011-04-01Type of plan entitySingle employer plan
2011-04-01Submission has been amendedNo
2011-04-01This submission is the final filingNo
2011-04-01This return/report is a short plan year return/report (less than 12 months)No
2011-04-01Plan is a collectively bargained planNo
2011-04-01Plan funding arrangement – TrustYes
2011-04-01Plan benefit arrangement - TrustYes
2009: SALEM TOOLS, INC. 401(K) PLAN 2009 form 5500 responses
2009-04-01Type of plan entitySingle employer plan
2009-04-01Submission has been amendedNo
2009-04-01This submission is the final filingNo
2009-04-01This return/report is a short plan year return/report (less than 12 months)No
2009-04-01Plan is a collectively bargained planNo
2009-04-01Plan funding arrangement – TrustYes
2009-04-01Plan benefit arrangement - TrustYes

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