401k Plan data: U-TEC CONSTRUCTION, INC. TOP-HAT PLAN plan

U-TEC CONSTRUCTION, INC. TOP-HAT PLAN 401k Plan overview

Plan Name	U-TEC CONSTRUCTION, INC. TOP-HAT PLAN
Plan identification number	002

U-TEC CONSTRUCTION, INC. TOP-HAT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
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.

401k Sponsoring company profile

U-TEC CONSTRUCTION, INC. has sponsored the creation of one or more 401k plans.

Company Name: U-TEC CONSTRUCTION, INC.

Employer identification number (EIN): 582441098

NAIC Classification: 237100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan U-TEC CONSTRUCTION, INC. TOP-HAT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2020-01-01 ERNEST MORRISON 2021-10-12 ERNEST MORRISON 2021-10-12

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2020-01-01	ERNEST MORRISON	2021-10-12	ERNEST MORRISON	2021-10-12

Plan Statistics for U-TEC CONSTRUCTION, INC. TOP-HAT PLAN

401k plan membership statisitcs for U-TEC CONSTRUCTION, INC. TOP-HAT PLAN

Measure Date Value
2020: U-TEC CONSTRUCTION, INC. TOP-HAT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 556
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 510
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 119
Total of all active and inactive participants 2020-01-01 629
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 630
Number of participants with account balances 2020-01-01 509
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 61

Measure	Date	Value
2020: U-TEC CONSTRUCTION, INC. TOP-HAT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	556
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	510
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	119
Total of all active and inactive participants	2020-01-01	629
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	630
Number of participants with account balances	2020-01-01	509
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	61

Financial Data on U-TEC CONSTRUCTION, INC. TOP-HAT PLAN

Measure	Date	Value
2020 : U-TEC CONSTRUCTION, INC. TOP-HAT PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$440,831
Total unrealized appreciation/depreciation of assets	2020-12-31	$440,831
Total income from all sources (including contributions)	2020-12-31	$1,243,969
Total of all expenses incurred	2020-12-31	$243,939
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$243,139
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$680,308
Value of total assets at end of year	2020-12-31	$4,188,580
Value of total assets at beginning of year	2020-12-31	$3,188,550
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$800
Total interest from all sources	2020-12-31	$1,217
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$121,613
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$121,613
Administrative expenses professional fees incurred	2020-12-31	$800
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$150,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$574,717
Participant contributions at end of year	2020-12-31	$28,595
Participant contributions at beginning of year	2020-12-31	$28,165
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$1,329
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$1,000,030
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$4,188,580
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$3,188,550
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$4,046,323
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$3,072,654
Interest on participant loans	2020-12-31	$1,217
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$15,400
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$7,369
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$7,369
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$104,262
Employer contributions (assets) at end of year	2020-12-31	$98,262
Employer contributions (assets) at beginning of year	2020-12-31	$80,362
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$243,139
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	BROWN & ASSOCIATES PC
Accountancy firm EIN	2020-12-31	581945983

Form 5500 Responses for U-TEC CONSTRUCTION, INC. TOP-HAT PLAN

2020: U-TEC CONSTRUCTION, INC. TOP-HAT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	U-TEC CONSTRUCTION, INC.
Employer identification number (EIN):	582441098
NAIC Classification:	237100