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VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameVALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 002

VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • 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

VALLEY EQUIPMENT REPAIR, INC. has sponsored the creation of one or more 401k plans.

Company Name:VALLEY EQUIPMENT REPAIR, INC.
Employer identification number (EIN):860630697
NAIC Classification:811110
NAIC Description: Automotive Mechanical and Electrical Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01VIVIAN NORSWORTHY2021-09-21
0022019-01-01VIVIAN NORSWORTHY2020-03-03
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01

Financial Data on VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-220
Total liabilities as of the end of the plan year2025-04-220
Total liabilities as of the beginning of the plan year2025-04-220
Total expenses incurred by plan in this plan year2025-04-223684
Net assets as of the end of the plan year2025-04-222002399
Total assets as of the beginning of the plan year2025-04-221722770
Value of plan covered by a fidelity bond2025-04-22250000
Participant contributions to plan in this plan year2025-04-22108990
Other expenses paid from plan in this plan year2025-04-220
Other contributions to plan in this plan year2025-04-220
Other income to plan in this plan year2025-04-22158776
Plan net income in this plan year2025-04-22279629
Net assets as of the end of the plan year2025-04-222002399
Net assets as of the beginning of the plan year2025-04-221722770
Employer contributions to plan in this plan year2025-04-2215547
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-223684
2024 : VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-020
Total liabilities as of the end of the plan year2024-07-020
Total liabilities as of the beginning of the plan year2024-07-020
Total expenses incurred by plan in this plan year2024-07-0210094
Net assets as of the end of the plan year2024-07-021722770
Total assets as of the beginning of the plan year2024-07-021361680
Value of plan covered by a fidelity bond2024-07-02150000
Participant contributions to plan in this plan year2024-07-02104521
Other expenses paid from plan in this plan year2024-07-020
Other contributions to plan in this plan year2024-07-020
Other income to plan in this plan year2024-07-02184399
Plan net income in this plan year2024-07-02361090
Net assets as of the end of the plan year2024-07-021722770
Net assets as of the beginning of the plan year2024-07-021361680
Employer contributions to plan in this plan year2024-07-0282264
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-022964
2022 : VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-032489
Net assets as of the end of the plan year2022-10-031421804
Total assets as of the beginning of the plan year2022-10-031159085
Value of plan covered by a fidelity bond2022-10-03150000
Participant contributions to plan in this plan year2022-10-0392113
Other income to plan in this plan year2022-10-03142715
Plan net income in this plan year2022-10-03262719
Net assets as of the end of the plan year2022-10-031421804
Net assets as of the beginning of the plan year2022-10-031159085
Employer contributions to plan in this plan year2022-10-0330380
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-032489
2020 : VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$243,956
Expenses. Total of all expenses incurred2020-12-31$1,906
Total plan assets at end of year2020-12-31$1,159,085
Total plan assets at beginning of year2020-12-31$917,035
Value of fidelity bond covering the plan2020-12-31$100,000
Total contributions received or receivable from participants2020-12-31$86,901
Other income received2020-12-31$132,457
Net income (gross income less expenses)2020-12-31$242,050
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,159,085
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$917,035
Total contributions received or receivable from employer(s)2020-12-31$24,598
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$1,906
2019 : VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING 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$0
Total income from all sources2019-12-31$245,790
Expenses. Total of all expenses incurred2019-12-31$1,967
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$917,035
Total plan assets at beginning of year2019-12-31$673,212
Value of fidelity bond covering the plan2019-12-31$100,000
Total contributions received or receivable from participants2019-12-31$84,415
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$136,236
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$243,823
Net plan assets at end of year (total assets less liabilities)2019-12-31$917,035
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$673,212
Total contributions received or receivable from employer(s)2019-12-31$25,139
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$1,967
2018 : VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$43,472
Expenses. Total of all expenses incurred2018-12-31$1,628
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$673,212
Total plan assets at beginning of year2018-12-31$631,368
Value of fidelity bond covering the plan2018-12-31$70,000
Total contributions received or receivable from participants2018-12-31$77,192
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-52,696
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$41,844
Net plan assets at end of year (total assets less liabilities)2018-12-31$673,212
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$631,368
Total contributions received or receivable from employer(s)2018-12-31$18,976
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$1,628
2017 : VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$153,181
Expenses. Total of all expenses incurred2017-12-31$4,001
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$631,368
Total plan assets at beginning of year2017-12-31$482,188
Value of fidelity bond covering the plan2017-12-31$50,000
Total contributions received or receivable from participants2017-12-31$58,691
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$76,311
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$149,180
Net plan assets at end of year (total assets less liabilities)2017-12-31$631,368
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$482,188
Total contributions received or receivable from employer(s)2017-12-31$18,179
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$4,001
2016 : VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$100,918
Expenses. Total of all expenses incurred2016-12-31$3,028
Total plan assets at end of year2016-12-31$482,188
Total plan assets at beginning of year2016-12-31$384,298
Value of fidelity bond covering the plan2016-12-31$40,000
Total contributions received or receivable from participants2016-12-31$56,358
Other income received2016-12-31$27,885
Net income (gross income less expenses)2016-12-31$97,890
Net plan assets at end of year (total assets less liabilities)2016-12-31$482,188
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$384,298
Total contributions received or receivable from employer(s)2016-12-31$16,675
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$3,028
2015 : VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$384,857
Expenses. Total of all expenses incurred2015-12-31$559
Total plan assets at end of year2015-12-31$384,298
Total plan assets at beginning of year2015-12-31$0
Value of fidelity bond covering the plan2015-12-31$40,000
Total contributions received or receivable from participants2015-12-31$51,155
Contributions received from other sources (not participants or employers)2015-12-31$333,768
Other income received2015-12-31$-6,227
Net income (gross income less expenses)2015-12-31$384,298
Net plan assets at end of year (total assets less liabilities)2015-12-31$384,298
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Total contributions received or receivable from employer(s)2015-12-31$6,161
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$559

Form 5500 Responses for VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN

2020: VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING 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 – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 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 – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING 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 – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING 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 – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING 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 – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: VALLEY EQUIPMENT REPAIR, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01First time form 5500 has been submittedYes
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 – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number462784
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number462784
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number462784
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number462784
Policy instance 1

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