401k Plan data: PMI PROFIT SHARING PLAN plan

PMI PROFIT SHARING PLAN 401k Plan overview

Plan Name	PMI PROFIT SHARING PLAN
Plan identification number	001

PMI PROFIT SHARING PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Profit-sharing

401k Sponsoring company profile

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

Company Name: PRECISION MEDICAL INC.

Employer identification number (EIN): 581820182

NAIC Classification: 326100

Additional information about PRECISION MEDICAL INC.

Jurisdiction of Incorporation: Nevada Department of State

Incorporation Date: 1994-11-18

Company Identification Number: 19941119028

Legal Registered Office Address: 1489 W WARM SPRINGS BLVD STE 110-1F

HENDERSON
United States of America (USA)
89014

More information about PRECISION MEDICAL INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PMI PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2015-01-01 JAMES E. HINSHAW, JR.
001 2014-01-01 JAMES E. HINSHAW, JR.
001 2013-01-01 JAMES HINSHAW, JR
001 2012-01-01 JAMES HINSHAW, JR
001 2011-01-01 JAMES HINSHAW, JR
001 2010-01-01 JAMES HINSHAW, JR
001 2009-01-01 JAMES HINSHAW, JR

Plan id#	Filing Submission Date	Name of Administrator
001	2015-01-01	JAMES E. HINSHAW, JR.
001	2014-01-01	JAMES E. HINSHAW, JR.
001	2013-01-01	JAMES HINSHAW, JR
001	2012-01-01	JAMES HINSHAW, JR
001	2011-01-01	JAMES HINSHAW, JR
001	2010-01-01	JAMES HINSHAW, JR
001	2009-01-01	JAMES HINSHAW, JR

Plan Statistics for PMI PROFIT SHARING PLAN

401k plan membership statisitcs for PMI PROFIT SHARING PLAN

Measure Date Value
2015: PMI PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 0
Number of retired or separated participants receiving benefits 2015-01-01 3
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: PMI PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 36
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 0
Number of retired or separated participants receiving benefits 2014-01-01 33
Number of other retired or separated participants entitled to future benefits 2014-01-01 3
Total of all active and inactive participants 2014-01-01 36
Total participants 2014-01-01 36
Number of participants with account balances 2014-01-01 3
2013: PMI PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 40
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 33
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 3
Total of all active and inactive participants 2013-01-01 36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 36
Number of participants with account balances 2013-01-01 36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: PMI PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 42
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 38
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 2
Total of all active and inactive participants 2012-01-01 40
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 40
Number of participants with account balances 2012-01-01 40
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 2
2011: PMI PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 48
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 39
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 3
Total of all active and inactive participants 2011-01-01 42
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 42
Number of participants with account balances 2011-01-01 42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 3
2010: PMI PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 47
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 43
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 5
Total of all active and inactive participants 2010-01-01 48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 48
Number of participants with account balances 2010-01-01 48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 3
2009: PMI PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 49
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 45
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 2
Total of all active and inactive participants 2009-01-01 47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 47
Number of participants with account balances 2009-01-01 47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 2

Measure	Date	Value
2015: PMI PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	0
Number of retired or separated participants receiving benefits	2015-01-01	3
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: PMI PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	36
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	0
Number of retired or separated participants receiving benefits	2014-01-01	33
Number of other retired or separated participants entitled to future benefits	2014-01-01	3
Total of all active and inactive participants	2014-01-01	36
Total participants	2014-01-01	36
Number of participants with account balances	2014-01-01	3
2013: PMI PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	40
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	33
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	3
Total of all active and inactive participants	2013-01-01	36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	36
Number of participants with account balances	2013-01-01	36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: PMI PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	42
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	38
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	2
Total of all active and inactive participants	2012-01-01	40
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	40
Number of participants with account balances	2012-01-01	40
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	2
2011: PMI PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	48
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	39
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	3
Total of all active and inactive participants	2011-01-01	42
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	42
Number of participants with account balances	2011-01-01	42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	3
2010: PMI PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	47
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	43
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	5
Total of all active and inactive participants	2010-01-01	48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	48
Number of participants with account balances	2010-01-01	48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	3
2009: PMI PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	49
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	45
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	2
Total of all active and inactive participants	2009-01-01	47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	47
Number of participants with account balances	2009-01-01	47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	2

Financial Data on PMI PROFIT SHARING PLAN

Measure	Date	Value
2015 : PMI PROFIT SHARING PLAN 2015 401k financial data
Total plan liabilities at beginning of year	2015-12-31	$7,884
Total income from all sources	2015-12-31	$1
Expenses. Total of all expenses incurred	2015-12-31	$4,084
Benefits paid (including direct rollovers)	2015-12-31	$4,073
Total plan assets at end of year	2015-12-31	$0
Total plan assets at beginning of year	2015-12-31	$11,967
Other income received	2015-12-31	$1
Net income (gross income less expenses)	2015-12-31	$-4,083
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$4,083
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$11
2014 : PMI PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at end of year	2014-12-31	$7,884
Total plan liabilities at beginning of year	2014-12-31	$4,359
Total income from all sources	2014-12-31	$13,344
Expenses. Total of all expenses incurred	2014-12-31	$446,345
Benefits paid (including direct rollovers)	2014-12-31	$443,312
Total plan assets at end of year	2014-12-31	$11,967
Total plan assets at beginning of year	2014-12-31	$441,443
Other income received	2014-12-31	$13,344
Net income (gross income less expenses)	2014-12-31	$-433,001
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$4,083
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$437,084
Assets. Value of participant loans	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$3,033
2013 : PMI PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at end of year	2013-12-31	$4,359
Total plan liabilities at beginning of year	2013-12-31	$1,896
Total income from all sources	2013-12-31	$61,106
Expenses. Total of all expenses incurred	2013-12-31	$33,661
Benefits paid (including direct rollovers)	2013-12-31	$30,664
Total plan assets at end of year	2013-12-31	$441,443
Total plan assets at beginning of year	2013-12-31	$411,535
Value of fidelity bond covering the plan	2013-12-31	$350,000
Expenses. Other expenses not covered elsewhere	2013-12-31	$2,997
Other income received	2013-12-31	$61,106
Net income (gross income less expenses)	2013-12-31	$27,445
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$437,084
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$409,639
Assets. Value of participant loans	2013-12-31	$31,869
2012 : PMI PROFIT SHARING PLAN 2012 401k financial data
Total plan liabilities at end of year	2012-12-31	$1,896
Total plan liabilities at beginning of year	2012-12-31	$7,270
Total income from all sources	2012-12-31	$78,520
Expenses. Total of all expenses incurred	2012-12-31	$68,377
Benefits paid (including direct rollovers)	2012-12-31	$68,377
Total plan assets at end of year	2012-12-31	$411,535
Total plan assets at beginning of year	2012-12-31	$406,766
Value of fidelity bond covering the plan	2012-12-31	$350,000
Other income received	2012-12-31	$28,520
Net income (gross income less expenses)	2012-12-31	$10,143
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$409,639
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$399,496
Assets. Value of participant loans	2012-12-31	$45,600
Total contributions received or receivable from employer(s)	2012-12-31	$50,000
2011 : PMI PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at end of year	2011-12-31	$7,270
Total plan liabilities at beginning of year	2011-12-31	$61
Total income from all sources	2011-12-31	$10,370
Expenses. Total of all expenses incurred	2011-12-31	$36,367
Benefits paid (including direct rollovers)	2011-12-31	$36,367
Total plan assets at end of year	2011-12-31	$406,766
Total plan assets at beginning of year	2011-12-31	$425,554
Value of fidelity bond covering the plan	2011-12-31	$350,000
Other income received	2011-12-31	$10,370
Net income (gross income less expenses)	2011-12-31	$-25,997
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$399,496
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$425,493
Assets. Value of participant loans	2011-12-31	$42,665
2010 : PMI PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at end of year	2010-12-31	$61
Total plan liabilities at beginning of year	2010-12-31	$33,333
Total income from all sources	2010-12-31	$54,513
Expenses. Total of all expenses incurred	2010-12-31	$304
Benefits paid (including direct rollovers)	2010-12-31	$304
Total plan assets at end of year	2010-12-31	$425,554
Total plan assets at beginning of year	2010-12-31	$404,617
Value of fidelity bond covering the plan	2010-12-31	$350,000
Other income received	2010-12-31	$29,513
Net income (gross income less expenses)	2010-12-31	$54,209
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$425,493
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$371,284
Assets. Value of participant loans	2010-12-31	$47,565
Total contributions received or receivable from employer(s)	2010-12-31	$25,000

Form 5500 Responses for PMI PROFIT SHARING PLAN

2015: PMI PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	This submission is the final filing	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: PMI PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: PMI PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: PMI PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: PMI PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: PMI PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: PMI PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PRECISION MEDICAL INC.
Employer identification number (EIN):	581820182
NAIC Classification:	326100

Jurisdiction of Incorporation:	Nevada Department of State
Incorporation Date:	1994-11-18
Company Identification Number:	19941119028
Legal Registered Office Address:	1489 W WARM SPRINGS BLVD STE 110-1F HENDERSON United States of America (USA) 89014