401k Plan data: US POLYCO, INC 401(K) PROFIT SHARING PLAN plan

US POLYCO, INC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	US POLYCO, INC 401(K) PROFIT SHARING PLAN
Plan identification number	001

US POLYCO, INC 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

US POLYCO, INC has sponsored the creation of one or more 401k plans.

Company Name: US POLYCO, INC

Employer identification number (EIN): 880334699

NAIC Classification: 324120

Additional information about US POLYCO, INC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division

Incorporation Date:

Company Identification Number: 1841666

More information about US POLYCO, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan US POLYCO, INC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01 ALISA RHYNO 2021-05-07
001 2019-01-01 ALISA RHYNO 2020-07-21 ALISA RHYNO 2020-07-21
001 2018-01-01 ALISA RHYNO 2019-05-22 ALISA RHYNO 2019-05-22
001 2017-01-01 ALISA RHYNO 2018-05-31 ALISA RHYNO 2018-05-31
001 2016-01-01 MARVIN SMALL 2017-05-08 MARVIN SMALL 2017-05-08
001 2015-01-01 MARVIN SMALL 2016-06-01 MARVIN SMALL 2016-06-01
001 2014-01-01 ALISA RHYNO 2015-07-15
001 2013-01-01 ALISA RHYNO 2014-07-11
001 2012-01-01 ALISA RHYNO 2013-07-18
001 2011-01-01 MARVIN SMALL 2012-04-27
001 2010-01-01 MARVIN SMALL 2011-08-17

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01
001	2022-01-01
001	2021-01-01
001	2020-01-01	ALISA RHYNO	2021-05-07
001	2019-01-01	ALISA RHYNO	2020-07-21	ALISA RHYNO	2020-07-21
001	2018-01-01	ALISA RHYNO	2019-05-22	ALISA RHYNO	2019-05-22
001	2017-01-01	ALISA RHYNO	2018-05-31	ALISA RHYNO	2018-05-31
001	2016-01-01	MARVIN SMALL	2017-05-08	MARVIN SMALL	2017-05-08
001	2015-01-01	MARVIN SMALL	2016-06-01	MARVIN SMALL	2016-06-01
001	2014-01-01	ALISA RHYNO	2015-07-15
001	2013-01-01	ALISA RHYNO	2014-07-11
001	2012-01-01	ALISA RHYNO	2013-07-18
001	2011-01-01	MARVIN SMALL	2012-04-27
001	2010-01-01	MARVIN SMALL	2011-08-17

Plan Statistics for US POLYCO, INC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for US POLYCO, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2023: US POLYCO, INC 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 92
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 12
Total of all active and inactive participants 2023-01-01 104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 104
Number of participants with account balances 2023-01-01 102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 4
2022: US POLYCO, INC 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 135
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 83
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 40
Total of all active and inactive participants 2022-01-01 123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1
Total participants 2022-01-01 124
Number of participants with account balances 2022-01-01 119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 10
2021: US POLYCO, INC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 122
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 78
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 56
Total of all active and inactive participants 2021-01-01 134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 135
Number of participants with account balances 2021-01-01 135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 8

Measure	Date	Value
2023: US POLYCO, INC 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	92
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	12
Total of all active and inactive participants	2023-01-01	104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	104
Number of participants with account balances	2023-01-01	102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	4
2022: US POLYCO, INC 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	135
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	83
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	40
Total of all active and inactive participants	2022-01-01	123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1
Total participants	2022-01-01	124
Number of participants with account balances	2022-01-01	119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	10
2021: US POLYCO, INC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	122
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	78
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	56
Total of all active and inactive participants	2021-01-01	134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	135
Number of participants with account balances	2021-01-01	135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	8

Financial Data on US POLYCO, INC 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2023 : US POLYCO, INC 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$1,703,617
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$860,961
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$839,753
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$1,013,474
Value of total assets at end of year	2023-12-31	$5,156,052
Value of total assets at beginning of year	2023-12-31	$4,313,396
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$21,208
Total interest from all sources	2023-12-31	$10,820
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$101,339
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$101,339
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$500,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$468,655
Participant contributions at end of year	2023-12-31	$222,556
Participant contributions at beginning of year	2023-12-31	$214,662
Participant contributions at end of year	2023-12-31	$2,001
Participant contributions at beginning of year	2023-12-31	$1,574
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$842,656
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$5,156,052
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$4,313,396
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$14,192
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$4,829,115
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$4,093,493
Interest on participant loans	2023-12-31	$10,820
Income. Interest from loans (other than to participants)	2023-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2023-12-31	$2,426
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2023-12-31	$2,426
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$577,984
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$544,819
Employer contributions (assets) at end of year	2023-12-31	$102,380
Employer contributions (assets) at beginning of year	2023-12-31	$1,241
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$839,753
Contract administrator fees	2023-12-31	$7,016
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	EIDE BAILLY LLP
Accountancy firm EIN	2023-12-31	450250958
2022 : US POLYCO, INC 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$141,863
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$457,265
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$435,011
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$825,858
Value of total assets at end of year	2022-12-31	$4,313,396
Value of total assets at beginning of year	2022-12-31	$4,628,798
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$22,254
Total interest from all sources	2022-12-31	$6,691
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$98,937
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$98,937
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$452,158
Participant contributions at end of year	2022-12-31	$214,662
Participant contributions at beginning of year	2022-12-31	$235,018
Participant contributions at end of year	2022-12-31	$1,574
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$24,204
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-315,402
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$4,313,396
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$4,628,798
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$16,105
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$4,093,493
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$4,393,780
Interest on participant loans	2022-12-31	$6,691
Income. Interest from loans (other than to participants)	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$2,426
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-789,623
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$349,496
Employer contributions (assets) at end of year	2022-12-31	$1,241
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$435,011
Contract administrator fees	2022-12-31	$6,149
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	EIDE BAILLY LLP
Accountancy firm EIN	2022-12-31	450250958
2021 : US POLYCO, INC 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$1,273,849
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$447,580
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$427,776
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$661,069
Value of total assets at end of year	2021-12-31	$4,628,798
Value of total assets at beginning of year	2021-12-31	$3,802,529
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$19,804
Total interest from all sources	2021-12-31	$7,103
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$74,801
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$74,801
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$419,618
Participant contributions at end of year	2021-12-31	$235,018
Participant contributions at beginning of year	2021-12-31	$156,983
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$22,633
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$826,269
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$4,628,798
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$3,802,529
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$15,953
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$4,393,780
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$3,645,546
Interest on participant loans	2021-12-31	$7,103
Income. Interest from loans (other than to participants)	2021-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$530,876
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$218,818
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$427,776
Contract administrator fees	2021-12-31	$3,851
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	EIDE BAILLY LLP
Accountancy firm EIN	2021-12-31	450250958

Form 5500 Responses for US POLYCO, INC 401(K) PROFIT SHARING PLAN

2023: US POLYCO, INC 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	Yes
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: US POLYCO, INC 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	Yes
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: US POLYCO, INC 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	Yes
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	US POLYCO, INC
Employer identification number (EIN):	880334699
NAIC Classification:	324120

Jurisdiction of Incorporation:	Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number:	1841666