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AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan NameAIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN
Plan identification number 001

AIR TECHNIQUES, INC. PROFIT SHARING 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

AIR TECHNIQUES, INC. has sponsored the creation of one or more 401k plans.

Company Name:AIR TECHNIQUES, INC.
Employer identification number (EIN):581363414
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about AIR TECHNIQUES, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1962-06-08
Company Identification Number: 148283
Legal Registered Office Address: 28 LIBERTY STREET
Nassau
NEW YORK
United States of America (USA)
10005

More information about AIR TECHNIQUES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01SANDRA MCGRAIL2023-04-10 SANDRA MCGRAIL2023-04-10
0012021-01-01SANDRA MCGRAIL2022-03-04 SANDRA MCGRAIL2022-03-04
0012020-01-01SANDRA MCGRAIL2021-03-19 SANDRA MCGRAIL2021-03-19
0012019-01-01SANDY MCGRAIL2020-03-05 SANDY MCGRAIL2020-03-05
0012018-01-01WAYNE NORMAN2019-06-28 WAYNE NORMAN2019-06-28
0012017-01-01WAYNE NORMAN2018-07-20 WAYNE NORMAN2018-07-20
0012016-01-01WAYNE NORMAN2017-10-06
0012015-01-01WAYNE NORMAN2016-08-01
0012014-01-01WAYNE NORMAN2015-07-31
0012013-01-01WAYNE NORMAN2014-07-24
0012012-01-01WAYNE NORMAN2013-07-25
0012011-01-01WAYNE NORMAN2012-10-05
0012010-01-01WAYNE NORMAN
0012009-01-01WAYNE NORMAN

Plan Statistics for AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN

401k plan membership statisitcs for AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2010: AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0116
Total number of active participants reported on line 7a of the Form 55002010-01-0115
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0115
Number of participants with account balances2010-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0117
Total number of active participants reported on line 7a of the Form 55002009-01-0116
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0116
Number of participants with account balances2009-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2010 : AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$168,179
Expenses. Total of all expenses incurred2010-12-31$103,851
Benefits paid (including direct rollovers)2010-12-31$102,831
Total plan assets at end of year2010-12-31$793,331
Total plan assets at beginning of year2010-12-31$729,003
Value of fidelity bond covering the plan2010-12-31$80,000
Total contributions received or receivable from participants2010-12-31$79,635
Expenses. Other expenses not covered elsewhere2010-12-31$694
Other income received2010-12-31$77,669
Net income (gross income less expenses)2010-12-31$64,328
Net plan assets at end of year (total assets less liabilities)2010-12-31$793,331
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$729,003
Assets. Value of participant loans2010-12-31$23,347
Total contributions received or receivable from employer(s)2010-12-31$10,875
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$326
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN

2010: AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan benefit arrangement – InsuranceYes
2009: AIR TECHNIQUES, INC. PROFIT SHARING 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66944 )
Policy contract number612275
Policy instance 1
Insurance contract or identification number612275
Number of Individuals Covered16
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $1,646
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $902
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameHOWARD M. BURKE, CFP

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