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SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameSOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).

401k Sponsoring company profile

SOUTHERN GEAR AND MACHINE, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTHERN GEAR AND MACHINE, INC.
Employer identification number (EIN):590817825
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012019-01-01
0012018-01-01
0012017-01-01TIM SCHAFFER
0012016-01-01TIM SCHAFFER TIM SCHAFFER2017-08-11
0012015-01-01TIM SCHAFFER TIM SCHAFFER2016-08-01
0012014-01-01TIM SCHAFFER TIM SCHAFFER2015-08-26
0012013-01-01TIM SCHAFFER
0012012-01-01TIM SCHAFFER
0012011-01-01TIM SCHAFFER
0012010-01-01TIM SCHAFFER
0012009-01-01TIM SCHAFFER

Plan Statistics for SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01113
Total number of active participants reported on line 7a of the Form 55002023-01-0185
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0127
Total of all active and inactive participants2023-01-01112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01112
Number of participants with account balances2023-01-0160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01106
Total number of active participants reported on line 7a of the Form 55002022-01-0195
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0118
Total of all active and inactive participants2022-01-01113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01113
Number of participants with account balances2022-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01111
Total number of active participants reported on line 7a of the Form 55002021-01-0189
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0117
Total of all active and inactive participants2021-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01106
Number of participants with account balances2021-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01107
Total number of active participants reported on line 7a of the Form 55002020-01-0188
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0123
Total of all active and inactive participants2020-01-01111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01111
Number of participants with account balances2020-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0198
Total number of active participants reported on line 7a of the Form 55002019-01-01103
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0121
Total of all active and inactive participants2019-01-01124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01125
Number of participants with account balances2019-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013
2018: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0199
Total number of active participants reported on line 7a of the Form 55002018-01-0169
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0128
Total of all active and inactive participants2018-01-0197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-0198
Number of participants with account balances2018-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0198
Total number of active participants reported on line 7a of the Form 55002017-01-0178
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0121
Total of all active and inactive participants2017-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0199
Number of participants with account balances2017-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-013
2016: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0196
Total number of active participants reported on line 7a of the Form 55002016-01-0176
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0122
Total of all active and inactive participants2016-01-0198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0198
Number of participants with account balances2016-01-0185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0196
Total number of active participants reported on line 7a of the Form 55002015-01-0171
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0123
Total of all active and inactive participants2015-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0194
Number of participants with account balances2015-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012
2014: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0196
Total number of active participants reported on line 7a of the Form 55002014-01-0170
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0126
Total of all active and inactive participants2014-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0196
Number of participants with account balances2014-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01101
Total number of active participants reported on line 7a of the Form 55002013-01-0177
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0132
Total of all active and inactive participants2013-01-01109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01109
Number of participants with account balances2013-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-013
2012: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01104
Total number of active participants reported on line 7a of the Form 55002012-01-0171
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0130
Total of all active and inactive participants2012-01-01101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01101
Number of participants with account balances2012-01-01101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0199
Total number of active participants reported on line 7a of the Form 55002011-01-0171
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0133
Total of all active and inactive participants2011-01-01104
Total participants2011-01-01104
Number of participants with account balances2011-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-013
2010: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01105
Total number of active participants reported on line 7a of the Form 55002010-01-0169
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0130
Total of all active and inactive participants2010-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0199
Number of participants with account balances2010-01-0199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-014
2009: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0198
Total number of active participants reported on line 7a of the Form 55002009-01-0171
Number of retired or separated participants receiving benefits2009-01-0134
Total of all active and inactive participants2009-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01105
Number of participants with account balances2009-01-01105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$438,866
Expenses. Total of all expenses incurred2023-12-31$404,524
Benefits paid (including direct rollovers)2023-12-31$404,524
Total plan assets at end of year2023-12-31$3,262,332
Total plan assets at beginning of year2023-12-31$3,227,990
Value of fidelity bond covering the plan2023-12-31$500,000
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$315,384
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$34,342
Net plan assets at end of year (total assets less liabilities)2023-12-31$3,262,332
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$3,227,990
Total contributions received or receivable from employer(s)2023-12-31$123,482
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$0
2022 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-165,796
Expenses. Total of all expenses incurred2022-12-31$137,021
Benefits paid (including direct rollovers)2022-12-31$137,021
Total plan assets at end of year2022-12-31$3,227,990
Total plan assets at beginning of year2022-12-31$3,530,807
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-319,082
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-302,817
Net plan assets at end of year (total assets less liabilities)2022-12-31$3,227,990
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$3,530,807
Assets. Value of employer securities2022-12-31$856,023
Total contributions received or receivable from employer(s)2022-12-31$153,286
2021 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$426,592
Expenses. Total of all expenses incurred2021-12-31$448,000
Benefits paid (including direct rollovers)2021-12-31$448,000
Total plan assets at end of year2021-12-31$3,530,807
Total plan assets at beginning of year2021-12-31$3,552,215
Value of fidelity bond covering the plan2021-12-31$136,000
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$308,221
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$-21,408
Net plan assets at end of year (total assets less liabilities)2021-12-31$3,530,807
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$3,552,215
Assets. Value of employer securities2021-12-31$805,982
Total contributions received or receivable from employer(s)2021-12-31$118,371
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$400,995
Expenses. Total of all expenses incurred2020-12-31$264,449
Benefits paid (including direct rollovers)2020-12-31$264,449
Total plan assets at end of year2020-12-31$3,552,215
Total plan assets at beginning of year2020-12-31$3,415,669
Value of fidelity bond covering the plan2020-12-31$130,000
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$271,293
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$136,546
Net plan assets at end of year (total assets less liabilities)2020-12-31$3,552,215
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$3,415,669
Assets. Value of employer securities2020-12-31$1,025,197
Total contributions received or receivable from employer(s)2020-12-31$129,702
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$52,422
Total income from all sources2019-12-31$509,545
Expenses. Total of all expenses incurred2019-12-31$198,743
Benefits paid (including direct rollovers)2019-12-31$198,743
Total plan assets at end of year2019-12-31$3,415,669
Total plan assets at beginning of year2019-12-31$3,157,289
Value of fidelity bond covering the plan2019-12-31$130,000
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$386,396
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$310,802
Net plan assets at end of year (total assets less liabilities)2019-12-31$3,415,669
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$3,104,867
Assets. Value of employer securities2019-12-31$1,212,083
Total contributions received or receivable from employer(s)2019-12-31$123,149
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$52,422
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$48,792
Expenses. Total of all expenses incurred2018-12-31$290,787
Benefits paid (including direct rollovers)2018-12-31$290,787
Total plan assets at end of year2018-12-31$3,157,289
Total plan assets at beginning of year2018-12-31$3,346,862
Value of fidelity bond covering the plan2018-12-31$130,000
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-60,231
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-241,995
Net plan assets at end of year (total assets less liabilities)2018-12-31$3,104,867
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$3,346,862
Assets. Value of employer securities2018-12-31$1,180,481
Total contributions received or receivable from employer(s)2018-12-31$109,023
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$434,629
Expenses. Total of all expenses incurred2017-12-31$106,607
Benefits paid (including direct rollovers)2017-12-31$105,902
Total plan assets at end of year2017-12-31$3,346,862
Total plan assets at beginning of year2017-12-31$3,018,840
Value of fidelity bond covering the plan2017-12-31$130,000
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$307,044
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$328,022
Net plan assets at end of year (total assets less liabilities)2017-12-31$3,346,862
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,018,840
Assets. Value of employer securities2017-12-31$1,233,909
Total contributions received or receivable from employer(s)2017-12-31$127,585
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$705
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$268,348
Expenses. Total of all expenses incurred2016-12-31$56,263
Benefits paid (including direct rollovers)2016-12-31$55,543
Total plan assets at end of year2016-12-31$3,018,840
Total plan assets at beginning of year2016-12-31$2,806,755
Value of fidelity bond covering the plan2016-12-31$130,000
Total contributions received or receivable from participants2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$148,490
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$212,085
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,018,840
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,806,755
Assets. Value of employer securities2016-12-31$1,217,508
Total contributions received or receivable from employer(s)2016-12-31$119,858
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$720
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$146,804
Expenses. Total of all expenses incurred2015-12-31$122,558
Benefits paid (including direct rollovers)2015-12-31$121,816
Total plan assets at end of year2015-12-31$2,806,755
Total plan assets at beginning of year2015-12-31$2,782,509
Value of fidelity bond covering the plan2015-12-31$130,000
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$42,592
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$24,246
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,806,755
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,782,509
Assets. Value of employer securities2015-12-31$1,180,307
Total contributions received or receivable from employer(s)2015-12-31$104,212
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$742
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$191,508
Expenses. Total of all expenses incurred2014-12-31$183,320
Benefits paid (including direct rollovers)2014-12-31$182,558
Total plan assets at end of year2014-12-31$2,782,509
Total plan assets at beginning of year2014-12-31$2,774,321
Value of fidelity bond covering the plan2014-12-31$130,000
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$91,547
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$8,188
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,782,509
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,774,321
Assets. Value of employer securities2014-12-31$1,221,174
Total contributions received or receivable from employer(s)2014-12-31$99,961
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$762
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$599,436
Expenses. Total of all expenses incurred2013-12-31$283,681
Benefits paid (including direct rollovers)2013-12-31$283,681
Total plan assets at end of year2013-12-31$2,774,321
Total plan assets at beginning of year2013-12-31$2,458,566
Value of fidelity bond covering the plan2013-12-31$130,000
Other income received2013-12-31$297,607
Net income (gross income less expenses)2013-12-31$315,755
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,774,321
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,458,566
Assets. Value of employer securities2013-12-31$1,248,376
Total contributions received or receivable from employer(s)2013-12-31$301,829
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$274,821
Expenses. Total of all expenses incurred2012-12-31$29,637
Benefits paid (including direct rollovers)2012-12-31$29,637
Total plan assets at end of year2012-12-31$2,458,566
Total plan assets at beginning of year2012-12-31$2,213,382
Total contributions received or receivable from participants2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$185,072
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$245,184
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,458,566
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,213,382
Assets. Value of employer securities2012-12-31$1,261,821
Total contributions received or receivable from employer(s)2012-12-31$89,749
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$118,159
Expenses. Total of all expenses incurred2011-12-31$297,786
Benefits paid (including direct rollovers)2011-12-31$297,786
Total plan assets at end of year2011-12-31$2,213,382
Total plan assets at beginning of year2011-12-31$2,393,009
Other income received2011-12-31$21,758
Net income (gross income less expenses)2011-12-31$-179,627
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,213,382
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,393,009
Assets. Value of employer securities2011-12-31$1,158,869
Total contributions received or receivable from employer(s)2011-12-31$96,401
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$40,891
Expenses. Total of all expenses incurred2010-12-31$25,548
Benefits paid (including direct rollovers)2010-12-31$25,548
Total plan assets at end of year2010-12-31$2,393,009
Total plan assets at beginning of year2010-12-31$2,377,666
Other income received2010-12-31$-32,396
Net income (gross income less expenses)2010-12-31$15,343
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,393,009
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,377,666
Assets. Value of employer securities2010-12-31$1,294,246
Total contributions received or receivable from employer(s)2010-12-31$73,287
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP 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 SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2023: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedYes
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SOUTHERN GEAR AND MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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