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PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 401k Plan overview

Plan NamePROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST
Plan identification number 001

PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

PROCESS PIPING MATERIALS, INC. has sponsored the creation of one or more 401k plans.

Company Name:PROCESS PIPING MATERIALS, INC.
Employer identification number (EIN):820560833
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01CHANDA TRAHAN
0012016-01-01CHANDA H. TRAHAN
0012015-01-01CHANDA TRAHAN2016-07-22
0012014-01-01CHANDA TRAHAN2015-07-30
0012013-01-01CHANDA TRAHAN2014-07-09
0012012-01-01CHANDA TRAHAN
0012011-01-01CHANDA TRAHAN2012-07-30
0012010-01-01CHANDA TRAHAN2011-04-26

Plan Statistics for PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST

401k plan membership statisitcs for PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST

Measure Date Value
2021: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-0124
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-010
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-0125
Total number of active participants reported on line 7a of the Form 55002020-01-0119
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-015
Total of all active and inactive participants2020-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0124
Number of participants with account balances2020-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-0121
Total number of active participants reported on line 7a of the Form 55002019-01-0123
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-012
Total of all active and inactive participants2019-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0125
Number of participants with account balances2019-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-0118
Total number of active participants reported on line 7a of the Form 55002018-01-0120
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-0121
Total participants2018-01-0121
Number of participants with account balances2018-01-0116
2017: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-0124
Total number of active participants reported on line 7a of the Form 55002017-01-0117
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0118
Number of participants with account balances2017-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-0133
Total number of active participants reported on line 7a of the Form 55002016-01-0121
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-013
Total of all active and inactive participants2016-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0124
Number of participants with account balances2016-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2012: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-0127
Total number of active participants reported on line 7a of the Form 55002012-01-0116
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0114
Total of all active and inactive participants2012-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0130
Number of participants with account balances2012-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-018

Financial Data on PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST

Measure Date Value
2021 : PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2021 401k financial data
Transfers to/from the plan2021-12-15$0
Total plan liabilities at end of year2021-12-15$0
Total plan liabilities at beginning of year2021-12-15$0
Total income from all sources2021-12-15$53,480
Expenses. Total of all expenses incurred2021-12-15$1,345,686
Benefits paid (including direct rollovers)2021-12-15$1,330,490
Total plan assets at end of year2021-12-15$0
Total plan assets at beginning of year2021-12-15$1,292,206
Value of fidelity bond covering the plan2021-12-15$385,000
Total contributions received or receivable from participants2021-12-15$6,779
Expenses. Other expenses not covered elsewhere2021-12-15$0
Contributions received from other sources (not participants or employers)2021-12-15$0
Other income received2021-12-15$46,701
Noncash contributions received2021-12-15$0
Net income (gross income less expenses)2021-12-15$-1,292,206
Net plan assets at end of year (total assets less liabilities)2021-12-15$0
Net plan assets at beginning of year (total assets less liabilities)2021-12-15$1,292,206
Assets. Value of participant loans2021-12-15$0
Total contributions received or receivable from employer(s)2021-12-15$0
Value of certain deemed distributions of participant loans2021-12-15$4,615
Value of corrective distributions2021-12-15$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-15$10,581
2020 : PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 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$123,168
Expenses. Total of all expenses incurred2020-12-31$240,719
Benefits paid (including direct rollovers)2020-12-31$229,794
Total plan assets at end of year2020-12-31$1,292,206
Total plan assets at beginning of year2020-12-31$1,409,757
Value of fidelity bond covering the plan2020-12-31$385,000
Total contributions received or receivable from participants2020-12-31$20,995
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$89,834
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-117,551
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,292,206
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,409,757
Assets. Value of participant loans2020-12-31$6,109
Total contributions received or receivable from employer(s)2020-12-31$12,339
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$10,925
2019 : PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 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$0
Total income from all sources2019-12-31$317,625
Expenses. Total of all expenses incurred2019-12-31$98,745
Benefits paid (including direct rollovers)2019-12-31$88,434
Total plan assets at end of year2019-12-31$1,409,757
Total plan assets at beginning of year2019-12-31$1,190,877
Value of fidelity bond covering the plan2019-12-31$100,000
Total contributions received or receivable from participants2019-12-31$74,703
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$197,214
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$218,880
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,409,757
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,190,877
Assets. Value of participant loans2019-12-31$10,501
Total contributions received or receivable from employer(s)2019-12-31$45,708
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$10,311
2018 : PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$47,937
Expenses. Total of all expenses incurred2018-12-31$47,860
Benefits paid (including direct rollovers)2018-12-31$45,540
Total plan assets at end of year2018-12-31$1,190,877
Total plan assets at beginning of year2018-12-31$1,190,800
Value of fidelity bond covering the plan2018-12-31$100,000
Total contributions received or receivable from participants2018-12-31$65,612
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-53,592
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$77
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,190,877
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,190,800
Assets. Value of participant loans2018-12-31$28,013
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$35,917
Value of certain deemed distributions of participant loans2018-12-31$-7,922
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$10,242
2017 : PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 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$165,603
Expenses. Total of all expenses incurred2017-12-31$30,587
Benefits paid (including direct rollovers)2017-12-31$13,152
Total plan assets at end of year2017-12-31$1,190,800
Total plan assets at beginning of year2017-12-31$1,055,784
Value of fidelity bond covering the plan2017-12-31$100,000
Total contributions received or receivable from participants2017-12-31$44,941
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$92,899
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$135,016
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,190,800
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,055,784
Assets. Value of participant loans2017-12-31$9,445
Total contributions received or receivable from employer(s)2017-12-31$27,763
Value of certain deemed distributions of participant loans2017-12-31$7,922
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$9,513
2016 : PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 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$99,335
Expenses. Total of all expenses incurred2016-12-31$153,018
Benefits paid (including direct rollovers)2016-12-31$145,265
Total plan assets at end of year2016-12-31$1,055,784
Total plan assets at beginning of year2016-12-31$1,109,467
Value of fidelity bond covering the plan2016-12-31$100,000
Total contributions received or receivable from participants2016-12-31$36,064
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$38,425
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$-53,683
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,055,784
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,109,467
Assets. Value of participant loans2016-12-31$34,092
Total contributions received or receivable from employer(s)2016-12-31$24,846
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$7,753
2012 : PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2012 401k financial data
Total income from all sources2012-12-31$156,537
Expenses. Total of all expenses incurred2012-12-31$11,221
Benefits paid (including direct rollovers)2012-12-31$11,084
Total plan assets at end of year2012-12-31$722,515
Total plan assets at beginning of year2012-12-31$577,199
Value of fidelity bond covering the plan2012-12-31$100,000
Total contributions received or receivable from participants2012-12-31$65,793
Expenses. Other expenses not covered elsewhere2012-12-31$137
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$64,229
Net income (gross income less expenses)2012-12-31$145,316
Net plan assets at end of year (total assets less liabilities)2012-12-31$722,515
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$577,199
Assets. Value of participant loans2012-12-31$100,000
Total contributions received or receivable from employer(s)2012-12-31$26,515
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0

Form 5500 Responses for PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST

2021: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 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 filingYes
2021-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
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: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 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: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 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: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 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 – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2012: PROCESS PIPING MATERIALS, INC. 401K PLAN AND TRUST 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 – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-828720
Policy instance 1
Insurance contract or identification numberGA-828720
Number of Individuals Covered16
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $5,942
Total amount of fees paid to insurance companyUSD $49
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?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
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
Commission paid to Insurance BrokerUSD $5,942
Insurance broker organization code?3
Amount paid for insurance broker fees49
Additional information about fees paid to insurance brokerSALES/MARKETING
Insurance broker nameLPL FINANCIAL LLC

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