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LASER DEVICES INC 401K PLAN 401k Plan overview

Plan NameLASER DEVICES INC 401K PLAN
Plan identification number 001

LASER DEVICES INC 401K 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.
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

LASER DEVICES INC has sponsored the creation of one or more 401k plans.

Company Name:LASER DEVICES INC
Employer identification number (EIN):942553162
NAIC Classification:335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LASER DEVICES INC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-02-01CAROL ALDRICH2017-09-13
0012015-02-01JENNY CHRISTIANSON2016-11-09
0012014-02-01KAYLA BRISSI2015-07-28
0012013-02-01NICK SUTHEIMER2014-08-07
0012012-02-01NICK SUTHEIMER2013-11-15
0012011-02-01NICK SUTHEIMER
0012010-02-01NICK SUTHEIMER

Plan Statistics for LASER DEVICES INC 401K PLAN

401k plan membership statisitcs for LASER DEVICES INC 401K PLAN

Measure Date Value
2011: LASER DEVICES INC 401K PLAN 2011 401k membership
Total participants, beginning-of-year2011-02-01109
Total number of active participants reported on line 7a of the Form 55002011-02-0170
Number of retired or separated participants receiving benefits2011-02-010
Number of other retired or separated participants entitled to future benefits2011-02-016
Total of all active and inactive participants2011-02-0176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-02-010
Total participants2011-02-0176
Number of participants with account balances2011-02-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-02-011
2010: LASER DEVICES INC 401K PLAN 2010 401k membership
Total participants, beginning-of-year2010-02-01134
Total number of active participants reported on line 7a of the Form 55002010-02-0188
Number of retired or separated participants receiving benefits2010-02-010
Number of other retired or separated participants entitled to future benefits2010-02-0124
Total of all active and inactive participants2010-02-01112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-02-010
Total participants2010-02-01112
Number of participants with account balances2010-02-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-02-015

Financial Data on LASER DEVICES INC 401K PLAN

Measure Date Value
2012 : LASER DEVICES INC 401K PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-01-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-01-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-01-31$0
Total income from all sources (including contributions)2012-01-31$147,928
Total loss/gain on sale of assets2012-01-31$0
Total of all expenses incurred2012-01-31$160,020
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-01-31$157,740
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-01-31$132,485
Value of total assets at end of year2012-01-31$542,569
Value of total assets at beginning of year2012-01-31$554,661
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-01-31$2,280
Total interest from all sources2012-01-31$6,904
Total dividends received (eg from common stock, registered investment company shares)2012-01-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-01-31No
Was this plan covered by a fidelity bond2012-01-31Yes
Value of fidelity bond cover2012-01-31$110,000
If this is an individual account plan, was there a blackout period2012-01-31No
Were there any nonexempt tranactions with any party-in-interest2012-01-31No
Contributions received from participants2012-01-31$126,819
Participant contributions at end of year2012-01-31$3,390
Participant contributions at beginning of year2012-01-31$517
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-01-31No
Value of net income/loss2012-01-31$-12,092
Value of net assets at end of year (total assets less liabilities)2012-01-31$542,569
Value of net assets at beginning of year (total assets less liabilities)2012-01-31$554,661
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-01-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-01-31No
Were any leases to which the plan was party in default or uncollectible2012-01-31No
Value of interest in pooled separate accounts at end of year2012-01-31$344,526
Value of interest in pooled separate accounts at beginning of year2012-01-31$368,403
Interest on participant loans2012-01-31$113
Interest earned on other investments2012-01-31$6,791
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-01-31$194,653
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-01-31$185,741
Net investment gain/loss from pooled separate accounts2012-01-31$8,539
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-01-31No
Was there a failure to transmit to the plan any participant contributions2012-01-31No
Has the plan failed to provide any benefit when due under the plan2012-01-31No
Contributions received in cash from employer2012-01-31$5,666
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-01-31$157,740
Contract administrator fees2012-01-31$2,280
Did the plan have assets held for investment2012-01-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-01-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-01-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-01-31Yes
Opinion of an independent qualified public accountant for this plan2012-01-31Disclaimer
Accountancy firm name2012-01-31SENSIBA SAN FILLPPO LLP
Accountancy firm EIN2012-01-31942370906
2011 : LASER DEVICES INC 401K PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-01-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-01-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-01-31$0
Total income from all sources (including contributions)2011-01-31$336,792
Total loss/gain on sale of assets2011-01-31$0
Total of all expenses incurred2011-01-31$20,981
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-01-31$19,511
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-01-31$303,157
Value of total assets at end of year2011-01-31$554,661
Value of total assets at beginning of year2011-01-31$238,850
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-01-31$1,470
Total interest from all sources2011-01-31$5,088
Total dividends received (eg from common stock, registered investment company shares)2011-01-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-01-31No
Was this plan covered by a fidelity bond2011-01-31Yes
Value of fidelity bond cover2011-01-31$105,000
If this is an individual account plan, was there a blackout period2011-01-31No
Were there any nonexempt tranactions with any party-in-interest2011-01-31No
Contributions received from participants2011-01-31$214,188
Participant contributions at end of year2011-01-31$517
Participant contributions at beginning of year2011-01-31$1,081
Income. Received or receivable in cash from other sources (including rollovers)2011-01-31$4,963
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-01-31No
Value of net income/loss2011-01-31$315,811
Value of net assets at end of year (total assets less liabilities)2011-01-31$554,661
Value of net assets at beginning of year (total assets less liabilities)2011-01-31$238,850
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-01-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-01-31No
Were any leases to which the plan was party in default or uncollectible2011-01-31No
Value of interest in pooled separate accounts at end of year2011-01-31$368,403
Value of interest in pooled separate accounts at beginning of year2011-01-31$139,787
Interest on participant loans2011-01-31$27
Interest earned on other investments2011-01-31$5,061
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-01-31$185,741
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-01-31$97,982
Net investment gain/loss from pooled separate accounts2011-01-31$28,547
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-01-31No
Was there a failure to transmit to the plan any participant contributions2011-01-31No
Has the plan failed to provide any benefit when due under the plan2011-01-31No
Contributions received in cash from employer2011-01-31$84,006
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-01-31$19,511
Contract administrator fees2011-01-31$1,470
Did the plan have assets held for investment2011-01-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-01-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-01-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-01-31Yes
Opinion of an independent qualified public accountant for this plan2011-01-31Disclaimer
Accountancy firm name2011-01-31WHITAKER & ASSOCIATES, INC.
Accountancy firm EIN2011-01-31800334011

Form 5500 Responses for LASER DEVICES INC 401K PLAN

2011: LASER DEVICES INC 401K PLAN 2011 form 5500 responses
2011-02-01Type of plan entitySingle employer plan
2011-02-01Submission has been amendedNo
2011-02-01This submission is the final filingNo
2011-02-01This return/report is a short plan year return/report (less than 12 months)No
2011-02-01Plan is a collectively bargained planNo
2011-02-01Plan funding arrangement – InsuranceYes
2011-02-01Plan funding arrangement – TrustYes
2011-02-01Plan benefit arrangement – InsuranceYes
2011-02-01Plan benefit arrangement - TrustYes
2010: LASER DEVICES INC 401K PLAN 2010 form 5500 responses
2010-02-01Type of plan entitySingle employer plan
2010-02-01Submission has been amendedNo
2010-02-01This submission is the final filingNo
2010-02-01This return/report is a short plan year return/report (less than 12 months)No
2010-02-01Plan is a collectively bargained planNo
2010-02-01Plan funding arrangement – InsuranceYes
2010-02-01Plan funding arrangement – TrustYes
2010-02-01Plan benefit arrangement – InsuranceYes
2010-02-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

SENTRY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68810 )
Policy contract number87-63466-71
Policy instance 1
Insurance contract or identification number87-63466-71
Number of Individuals Covered76
Insurance policy start date2011-02-01
Insurance policy end date2012-01-31
Total amount of commissions paid to insurance brokerUSD $814
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 Administration1
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?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
SENTRY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68810 )
Policy contract number87-63466-71
Policy instance 1
Insurance contract or identification number87-63466-71
Number of Individuals Covered112
Insurance policy start date2010-02-01
Insurance policy end date2011-01-31
Total amount of commissions paid to insurance brokerUSD $636
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 Administration1
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?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

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