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INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 401k Plan overview

Plan NameINTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN
Plan identification number 001

INTERNATIONAL MARINE PRODUCTS RETIREMENT 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.
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

INTERNATIONAL MARINE PRODUCTS RETIREMENT has sponsored the creation of one or more 401k plans.

Company Name:INTERNATIONAL MARINE PRODUCTS RETIREMENT
Employer identification number (EIN):954349041
NAIC Classification:311710
NAIC Description:Seafood Product Preparation and Packaging

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01LAWRENCE PAI2021-10-15
0012020-01-01LAWRENCE PAI2024-01-22
0012020-01-01LAWRENCE PAI2024-01-22
0012019-01-01LAWRENCE PAI2020-10-12
0012019-01-01LAWRENCE PAI2024-01-22
0012019-01-01LAWRENCE PAI2024-01-22
0012018-01-01LAWRENCE PAI2019-10-15
0012018-01-01LAWRENCE PAI2024-05-10
0012017-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01THOMAS CHEN
0012012-01-01THOMAS CHEN
0012011-01-01THOMAS CHEN
0012010-01-01DOUGLAS S. HENDRY

Plan Statistics for INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN

401k plan membership statisitcs for INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN

Measure Date Value
2021: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01163
Total number of active participants reported on line 7a of the Form 55002021-01-01118
Number of retired or separated participants receiving benefits2021-01-0113
Number of other retired or separated participants entitled to future benefits2021-01-0136
Total of all active and inactive participants2021-01-01167
Total participants2021-01-01167
Number of participants with account balances2021-01-01167
2020: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01167
Total number of active participants reported on line 7a of the Form 55002020-01-0192
Number of other retired or separated participants entitled to future benefits2020-01-0171
Total of all active and inactive participants2020-01-01163
Total participants2020-01-01163
Number of participants with account balances2020-01-01163
2019: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01166
Total number of active participants reported on line 7a of the Form 55002019-01-0192
Number of other retired or separated participants entitled to future benefits2019-01-0175
Total of all active and inactive participants2019-01-01167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01167
Number of participants with account balances2019-01-01167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-014
2018: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01153
Total number of active participants reported on line 7a of the Form 55002018-01-0175
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0185
Total of all active and inactive participants2018-01-01160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01160
Number of participants with account balances2018-01-01160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-019
2017: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01145
Total number of active participants reported on line 7a of the Form 55002017-01-0194
Number of retired or separated participants receiving benefits2017-01-018
Number of other retired or separated participants entitled to future benefits2017-01-0150
Total of all active and inactive participants2017-01-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01153
Number of participants with account balances2017-01-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-016
2014: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01103
Total number of active participants reported on line 7a of the Form 55002014-01-0191
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-019
Total of all active and inactive participants2014-01-01100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-01101
Number of participants with account balances2014-01-01101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-014
2013: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0191
Total number of active participants reported on line 7a of the Form 55002013-01-0189
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0114
Total of all active and inactive participants2013-01-01103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01103
Number of participants with account balances2013-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0182
Total number of active participants reported on line 7a of the Form 55002012-01-0180
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0111
Total of all active and inactive participants2012-01-0191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0191
Number of participants with account balances2012-01-0191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-014
2011: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0194
Total number of active participants reported on line 7a of the Form 55002011-01-0167
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0115
Total of all active and inactive participants2011-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0182
Number of participants with account balances2011-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-018
2010: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01101
Total number of active participants reported on line 7a of the Form 55002010-01-0178
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0116
Total of all active and inactive participants2010-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0194
Number of participants with account balances2010-01-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0110

Financial Data on INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN

Measure Date Value
2021 : INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$874,834
Total of all expenses incurred2021-12-31$113,189
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$111,391
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$405,036
Value of total assets at end of year2021-12-31$4,429,559
Value of total assets at beginning of year2021-12-31$3,667,914
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$1,798
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$232,093
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$232,093
Administrative expenses professional fees incurred2021-12-31$1,798
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$366,791
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$218,464
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$761,645
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,429,559
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,667,914
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$4,429,559
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$3,667,914
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$237,705
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$186,572
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$111,391
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31MARTINI AKPOVI PARTNERS LLP
Accountancy firm EIN2021-12-31954508585
2020 : INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2020 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$1,692
Total income from all sources (including contributions)2020-12-31$694,000
Total of all expenses incurred2020-12-31$437,015
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$434,642
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$171,935
Value of total assets at end of year2020-12-31$3,667,914
Value of total assets at beginning of year2020-12-31$3,412,621
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$2,373
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$87,329
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$87,329
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$341,092
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$171,935
Participant contributions at beginning of year2020-12-31$82
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$256,985
Value of net assets at end of year (total assets less liabilities)2020-12-31$3,667,914
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,410,929
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$3,667,914
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,180,908
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$434,736
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$186,572
Employer contributions (assets) at end of year2020-12-31$186,572
Employer contributions (assets) at beginning of year2020-12-31$231,631
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$434,642
Contract administrator fees2020-12-31$2,373
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$1,692
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31MARTINI AKPOVI PARTNERS LLP
Accountancy firm EIN2020-12-31954508585
2019 : INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2019 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$1,692
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$1,692
Total income from all sources (including contributions)2019-12-31$956,002
Total of all expenses incurred2019-12-31$22,211
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$20,105
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$461,440
Value of total assets at end of year2019-12-31$3,412,621
Value of total assets at beginning of year2019-12-31$2,478,830
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$2,106
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$106,520
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$106,520
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$247,883
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$229,809
Participant contributions at end of year2019-12-31$82
Participant contributions at beginning of year2019-12-31$20,607
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$933,791
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,410,929
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,477,138
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,180,908
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,237,675
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$388,042
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$231,631
Employer contributions (assets) at end of year2019-12-31$231,631
Employer contributions (assets) at beginning of year2019-12-31$220,548
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$20,105
Contract administrator fees2019-12-31$2,106
Liabilities. Value of benefit claims payable at end of year2019-12-31$1,692
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$1,692
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MARTINI AKPOVI PARTNERS LLP
Accountancy firm EIN2019-12-31954508585
2018 : INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2018 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$1,692
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$1,692
Total income from all sources (including contributions)2018-12-31$311,904
Total of all expenses incurred2018-12-31$126,949
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$125,874
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$467,760
Value of total assets at end of year2018-12-31$2,478,491
Value of total assets at beginning of year2018-12-31$2,293,536
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$1,075
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$99,402
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$99,402
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$100,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$247,212
Participant contributions at end of year2018-12-31$20,525
Participant contributions at beginning of year2018-12-31$7,697
Total non interest bearing cash at end of year2018-12-31$7,277
Total non interest bearing cash at beginning of year2018-12-31$7,247
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$184,955
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,476,799
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,291,844
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$2,230,141
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$2,060,663
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-255,258
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$220,548
Employer contributions (assets) at end of year2018-12-31$220,548
Employer contributions (assets) at beginning of year2018-12-31$217,929
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$125,874
Contract administrator fees2018-12-31$1,075
Liabilities. Value of benefit claims payable at end of year2018-12-31$1,692
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$1,692
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31YING WANG AND CO., CPA'S
Accountancy firm EIN2018-12-31951909109
2017 : INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2017 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$1,692
Total income from all sources (including contributions)2017-12-31$684,429
Total of all expenses incurred2017-12-31$473,208
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$471,439
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$355,620
Value of total assets at end of year2017-12-31$2,291,699
Value of total assets at beginning of year2017-12-31$2,078,786
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,769
Total interest from all sources2017-12-31$57,597
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$57,597
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$57,597
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$100,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$139,528
Participant contributions at end of year2017-12-31$7,697
Total non interest bearing cash at end of year2017-12-31$7,247
Total non interest bearing cash at beginning of year2017-12-31$680
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$211,221
Value of net assets at end of year (total assets less liabilities)2017-12-31$2,290,007
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$2,078,786
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$2,060,663
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$1,880,648
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$57,597
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$271,212
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$216,092
Employer contributions (assets) at end of year2017-12-31$216,092
Employer contributions (assets) at beginning of year2017-12-31$197,458
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$471,439
Contract administrator fees2017-12-31$1,769
Liabilities. Value of benefit claims payable at end of year2017-12-31$1,692
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31MARTINI AKPOVI PARTNERS, LLP
Accountancy firm EIN2017-12-31954508585
2014 : INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$332,589
Expenses. Total of all expenses incurred2014-12-31$99,667
Benefits paid (including direct rollovers)2014-12-31$99,342
Total plan assets at end of year2014-12-31$1,491,281
Total plan assets at beginning of year2014-12-31$1,258,359
Value of fidelity bond covering the plan2014-12-31$100,000
Total contributions received or receivable from participants2014-12-31$85,014
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$5,772
Other income received2014-12-31$45,854
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$232,922
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,491,281
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,258,359
Total contributions received or receivable from employer(s)2014-12-31$195,949
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$325
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$447,963
Expenses. Total of all expenses incurred2013-12-31$104,799
Benefits paid (including direct rollovers)2013-12-31$104,799
Total plan assets at end of year2013-12-31$1,258,359
Total plan assets at beginning of year2013-12-31$915,195
Value of fidelity bond covering the plan2013-12-31$100,000
Total contributions received or receivable from participants2013-12-31$66,565
Other income received2013-12-31$186,384
Net income (gross income less expenses)2013-12-31$343,164
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,258,359
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$915,195
Total contributions received or receivable from employer(s)2013-12-31$195,014
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2012 401k financial data
Total plan liabilities at beginning of year2012-12-31$1,380
Total income from all sources2012-12-31$328,001
Expenses. Total of all expenses incurred2012-12-31$51,663
Benefits paid (including direct rollovers)2012-12-31$51,663
Total plan assets at end of year2012-12-31$915,195
Total plan assets at beginning of year2012-12-31$640,237
Value of fidelity bond covering the plan2012-12-31$100,000
Total contributions received or receivable from participants2012-12-31$59,876
Contributions received from other sources (not participants or employers)2012-12-31$10,199
Other income received2012-12-31$87,056
Net income (gross income less expenses)2012-12-31$276,338
Net plan assets at end of year (total assets less liabilities)2012-12-31$915,195
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$638,857
Total contributions received or receivable from employer(s)2012-12-31$170,870
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$1,380
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$493,113
Expenses. Total of all expenses incurred2011-12-31$28,881
Benefits paid (including direct rollovers)2011-12-31$28,881
Total plan assets at end of year2011-12-31$640,237
Total plan assets at beginning of year2011-12-31$174,625
Value of fidelity bond covering the plan2011-12-31$100,000
Total contributions received or receivable from participants2011-12-31$32,208
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$354,397
Other income received2011-12-31$-35,442
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$464,232
Net plan assets at end of year (total assets less liabilities)2011-12-31$638,857
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$174,625
Total contributions received or receivable from employer(s)2011-12-31$141,950
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$0
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$0
Total transfer of assets from this plan2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Expenses. Interest paid2010-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$0
Total income from all sources (including contributions)2010-12-31$174,625
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$0
Expenses. Certain deemed distributions of participant loans2010-12-31$0
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$174,625
Value of total assets at end of year2010-12-31$174,625
Value of total assets at beginning of year2010-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total income from rents2010-12-31$0
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$0
Assets. Real estate other than employer real property at end of year2010-12-31$0
Assets. Real estate other than employer real property at beginning of year2010-12-31$0
Administrative expenses professional fees incurred2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$100,000
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$0
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$0
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$0
Assets. Other investments not covered elsewhere at end of year2010-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Assets. Loans (other than to participants) at end of year2010-12-31$0
Assets. Loans (other than to participants) at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$0
Other income not declared elsewhere2010-12-31$0
Administrative expenses (other) incurred2010-12-31$0
Liabilities. Value of operating payables at end of year2010-12-31$0
Liabilities. Value of operating payables at beginning of year2010-12-31$0
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$174,625
Value of net assets at end of year (total assets less liabilities)2010-12-31$174,625
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Assets. partnership/joint venture interests at end of year2010-12-31$0
Assets. partnership/joint venture interests at beginning of year2010-12-31$0
Investment advisory and management fees2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$0
Interest on participant loans2010-12-31$0
Income. Interest from loans (other than to participants)2010-12-31$0
Interest earned on other investments2010-12-31$0
Income. Interest from US Government securities2010-12-31$0
Income. Interest from corporate debt instruments2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$0
Asset value of US Government securities at end of year2010-12-31$0
Asset value of US Government securities at beginning of year2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$0
Net investment gain/loss from pooled separate accounts2010-12-31$0
Net investment gain or loss from common/collective trusts2010-12-31$0
Net gain/loss from 103.12 investment entities2010-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$0
Assets. Invements in employer securities at beginning of year2010-12-31$0
Assets. Value of employer real property at end of year2010-12-31$0
Assets. Value of employer real property at beginning of year2010-12-31$0
Contributions received in cash from employer2010-12-31$174,625
Employer contributions (assets) at end of year2010-12-31$174,625
Employer contributions (assets) at beginning of year2010-12-31$0
Income. Dividends from preferred stock2010-12-31$0
Income. Dividends from common stock2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$0
Asset. Corporate debt instrument preferred debt at end of year2010-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2010-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$0
Contract administrator fees2010-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$0
Liabilities. Value of benefit claims payable at end of year2010-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2010-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$0
Aggregate carrying amount (costs) on sale of assets2010-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2010-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31EOS ACCOUNTANTS, LLP
Accountancy firm EIN2010-12-31223462644

Form 5500 Responses for INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN

2021: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedYes
2020-01-01Submission has been amendedYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedYes
2019-01-01Submission has been amendedYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2014: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01First time form 5500 has been submittedYes
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes

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