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G.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan NameG.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN
Plan identification number 001

G.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN 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.
  • 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

G.E.M. MATERIALS, INC. has sponsored the creation of one or more 401k plans.

Company Name:G.E.M. MATERIALS, INC.
Employer identification number (EIN):741850839
NAIC Classification:339900

Additional information about G.E.M. MATERIALS, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1975-06-03
Company Identification Number: 0036174500
Legal Registered Office Address: 15477 INTERSTATE 35 N

SELMA
United States of America (USA)
78154

More information about G.E.M. MATERIALS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan G.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-06-01JANICE FRISENHAHN2024-08-21
0012022-06-01JANICE FRISENHAHN2023-09-07
0012021-06-01JANICE FRISENHAHN2022-10-28
0012020-06-01JANICE FRISENHAHN2021-11-23
0012019-06-01JANICE FRISENHAHN2020-11-10
0012018-06-01JANICE FRISENHAHN2019-12-23
0012017-06-01JANICE FRISENHAHN2018-09-06
0012016-06-01JANICE FRISENHAHN2017-07-19
0012015-06-01JANICE FRISENHAHN2016-12-08
0012014-06-01JANICE FRISENHAHN2016-03-09
0012014-06-01JANICE FRISENHAHN2016-03-08
0012013-06-01JANICE FRIESENHAHN2014-08-26
0012012-06-01JANICE FRIESENHAHN2013-10-10
0012011-06-01JANICE FRIESENHAHN2012-12-21
0012009-06-01JANICE FRIESENHAHN

Plan Statistics for G.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN

401k plan membership statisitcs for G.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2009: G.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-06-0126
Total number of active participants reported on line 7a of the Form 55002009-06-0127
Number of retired or separated participants receiving benefits2009-06-010
Number of other retired or separated participants entitled to future benefits2009-06-013
Total of all active and inactive participants2009-06-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-06-010
Total participants2009-06-0130
Number of participants with account balances2009-06-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-06-010

Financial Data on G.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2011 : G.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN 2011 401k financial data
Total income from all sources2011-05-31$85,660
Expenses. Total of all expenses incurred2011-05-31$22,198
Benefits paid (including direct rollovers)2011-05-31$22,148
Total plan assets at end of year2011-05-31$473,368
Total plan assets at beginning of year2011-05-31$409,906
Value of fidelity bond covering the plan2011-05-31$130,000
Total contributions received or receivable from participants2011-05-31$16,736
Other income received2011-05-31$68,924
Net income (gross income less expenses)2011-05-31$63,462
Net plan assets at end of year (total assets less liabilities)2011-05-31$473,368
Net plan assets at beginning of year (total assets less liabilities)2011-05-31$409,906
Total contributions received or receivable from employer(s)2011-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-05-31$50
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-05-31$0

Form 5500 Responses for G.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN

2009: G.E.M. MATERIALS, INC. PROFIT SHARING 401(K) PLAN 2009 form 5500 responses
2009-06-01Type of plan entitySingle employer plan
2009-06-01Submission has been amendedNo
2009-06-01This submission is the final filingNo
2009-06-01This return/report is a short plan year return/report (less than 12 months)No
2009-06-01Plan is a collectively bargained planNo
2009-06-01Plan funding arrangement – InsuranceYes
2009-06-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number931464
Policy instance 1
Insurance contract or identification number931464
Number of Individuals Covered28
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $1,228
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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