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AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameAGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

AGRI-MECH INC has sponsored the creation of one or more 401k plans.

Company Name:AGRI-MECH INC
Employer identification number (EIN):650188200
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01HEIN DEBEER2022-07-14
0012020-01-01HEIN DE BEER2021-07-15
0012019-01-01HEIN DE BEER2020-07-16
0012018-01-01HEIN DE BEER2019-07-02
0012017-01-01HEIN DEBEER2018-07-31
0012016-01-01HEIN DE BEER2017-05-31
0012015-01-01HEIN DE BEER2016-07-08
0012014-01-01HEIN DE BEER2015-07-24
0012013-01-01HEIN DE BEER2014-07-29
0012012-01-01AGRI-MECH INC2013-07-30
0012011-01-01AGRI-MECH INC
0012010-01-01HEIN DEBEER2011-07-06

Plan Statistics for AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST

401k plan membership statisitcs for AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2023: AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST 2023 401k membership
Total participants, beginning-of-year2023-01-015
Total number of active participants reported on line 7a of the Form 55002023-01-015
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-015
Number of participants with account balances2023-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-015
Total number of active participants reported on line 7a of the Form 55002022-01-015
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-015
Number of participants with account balances2022-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2011: AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-010
Total number of active participants reported on line 7a of the Form 55002011-01-015
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-015
Number of participants with account balances2011-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2023 : AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST 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$300,134
Expenses. Total of all expenses incurred2023-12-31$131,936
Benefits paid (including direct rollovers)2023-12-31$122,048
Total plan assets at end of year2023-12-31$1,484,898
Total plan assets at beginning of year2023-12-31$1,316,700
Value of fidelity bond covering the plan2023-12-31$131,670
Total contributions received or receivable from participants2023-12-31$30,560
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$229,487
Net income (gross income less expenses)2023-12-31$168,198
Net plan assets at end of year (total assets less liabilities)2023-12-31$1,484,898
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,316,700
Total contributions received or receivable from employer(s)2023-12-31$40,087
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$9,888
2022 : AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST 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$0
Total income from all sources2022-12-31$-231,320
Expenses. Total of all expenses incurred2022-12-31$93,993
Benefits paid (including direct rollovers)2022-12-31$85,576
Total plan assets at end of year2022-12-31$1,316,700
Total plan assets at beginning of year2022-12-31$1,642,013
Value of fidelity bond covering the plan2022-12-31$164,201
Total contributions received or receivable from participants2022-12-31$34,713
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-282,319
Net income (gross income less expenses)2022-12-31$-325,313
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,316,700
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,642,013
Total contributions received or receivable from employer(s)2022-12-31$16,286
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$8,417
2011 : AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST 2011 401k financial data
Transfers to/from the plan2011-12-31$0
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$481,607
Expenses. Total of all expenses incurred2011-12-31$12,447
Benefits paid (including direct rollovers)2011-12-31$12,447
Total plan assets at end of year2011-12-31$469,160
Total plan assets at beginning of year2011-12-31$0
Value of fidelity bond covering the plan2011-12-31$0
Total contributions received or receivable from participants2011-12-31$31,488
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$432,983
Net income (gross income less expenses)2011-12-31$469,160
Net plan assets at end of year (total assets less liabilities)2011-12-31$469,160
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$17,136
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0

Form 5500 Responses for AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST

2023: AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST 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: AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST 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
2011: AGRI-MECH INC 401 K PROFIT SHARING PLAN TRUST 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

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