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PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NamePRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN
Plan identification number 001

PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 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

PRECISION TESTING TECHNOLOGIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION TESTING TECHNOLOGIES, INC.
Employer identification number (EIN):870679033
NAIC Classification:541380
NAIC Description:Testing Laboratories

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LISA LABRUM2024-07-09 LISA LABRUM2024-07-09
0012022-01-01LISA LABRUM2023-10-10 LISA LABRUM2023-10-10
0012021-01-01JOHN LABRUM2022-10-13 JOHN LABRUM2022-10-13
0012020-01-01
0012019-01-01
0012018-01-01

Financial Data on PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-140
Total liabilities as of the end of the plan year2025-04-140
Total liabilities as of the beginning of the plan year2025-04-140
Total expenses incurred by plan in this plan year2025-04-142969
Net assets as of the end of the plan year2025-04-14413137
Total assets as of the beginning of the plan year2025-04-14353994
Participant contributions to plan in this plan year2025-04-140
Other expenses paid from plan in this plan year2025-04-140
Other contributions to plan in this plan year2025-04-140
Other income to plan in this plan year2025-04-1439762
Plan net income in this plan year2025-04-1459143
Net assets as of the end of the plan year2025-04-14413137
Net assets as of the beginning of the plan year2025-04-14353994
Employer contributions to plan in this plan year2025-04-1422350
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-142969
2024 : PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-090
Total liabilities as of the end of the plan year2024-07-090
Total liabilities as of the beginning of the plan year2024-07-090
Total expenses incurred by plan in this plan year2024-07-095577
Net assets as of the end of the plan year2024-07-09353994
Total assets as of the beginning of the plan year2024-07-09278302
Participant contributions to plan in this plan year2024-07-0920000
Other expenses paid from plan in this plan year2024-07-090
Other contributions to plan in this plan year2024-07-090
Other income to plan in this plan year2024-07-0935534
Plan net income in this plan year2024-07-0975692
Net assets as of the end of the plan year2024-07-09353994
Net assets as of the beginning of the plan year2024-07-09278302
Employer contributions to plan in this plan year2024-07-0925735
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-091828
2022 : PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-130
Total liabilities as of the end of the plan year2022-10-130
Total liabilities as of the beginning of the plan year2022-10-130
Total expenses incurred by plan in this plan year2022-10-130
Net assets as of the end of the plan year2022-10-13226561
Total assets as of the beginning of the plan year2022-10-13170697
Participant contributions to plan in this plan year2022-10-1352000
Other expenses paid from plan in this plan year2022-10-130
Other contributions to plan in this plan year2022-10-130
Other income to plan in this plan year2022-10-13-11338
Plan net income in this plan year2022-10-1355864
Net assets as of the end of the plan year2022-10-13226561
Net assets as of the beginning of the plan year2022-10-13170697
Employer contributions to plan in this plan year2022-10-1315202
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-130
2020 : PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING 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$71,378
Expenses. Total of all expenses incurred2020-12-31$22,232
Benefits paid (including direct rollovers)2020-12-31$3,353
Total plan assets at end of year2020-12-31$170,697
Total plan assets at beginning of year2020-12-31$121,551
Total contributions received or receivable from participants2020-12-31$52,000
Expenses. Other expenses not covered elsewhere2020-12-31$18,879
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$6,256
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$49,146
Net plan assets at end of year (total assets less liabilities)2020-12-31$170,697
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$121,551
Total contributions received or receivable from employer(s)2020-12-31$13,122
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
2019 : PRECISION TESTING TECHNOLOGIES 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$60,681
Expenses. Total of all expenses incurred2019-12-31$0
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$121,551
Total plan assets at beginning of year2019-12-31$60,870
Total contributions received or receivable from participants2019-12-31$49,000
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$87
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$60,681
Net plan assets at end of year (total assets less liabilities)2019-12-31$121,551
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$60,870
Total contributions received or receivable from employer(s)2019-12-31$11,594
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
2018 : PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 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$60,870
Expenses. Total of all expenses incurred2018-12-31$0
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$60,870
Total plan assets at beginning of year2018-12-31$0
Total contributions received or receivable from participants2018-12-31$49,000
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$0
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$60,870
Net plan assets at end of year (total assets less liabilities)2018-12-31$60,870
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$11,870
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

Form 5500 Responses for PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN

2020: PRECISION TESTING TECHNOLOGIES 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: PRECISION TESTING TECHNOLOGIES 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: PRECISION TESTING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01First time form 5500 has been submittedYes
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

Insurance Providers Used on plan

LIFE INSURANCE COMPANY OF THE SOUTHWEST (National Association of Insurance Commissioners NAIC id number: 65528 )
Policy contract number
Policy instance 1
LIFE INSURANCE COMPANY OF THE SOUTHWEST (National Association of Insurance Commissioners NAIC id number: 65528 )
Policy contract number
Policy instance 2
LIFE INSURANCE COMPANY OF THE SOUTHWEST (National Association of Insurance Commissioners NAIC id number: 65528 )
Policy contract number
Policy instance 1

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