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PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 401k Plan overview

Plan NamePHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN
Plan identification number 001

PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) 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.
  • 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

NEXTPHASE MEDICAL DEVICES LLC has sponsored the creation of one or more 401k plans.

Company Name:NEXTPHASE MEDICAL DEVICES LLC
Employer identification number (EIN):020483761
NAIC Classification:339110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01PAUL JARWIN2024-10-14 PAUL JARWIN2024-10-14
0012022-01-01JAMES V. DIVIZIO2023-10-16 JAMES V. DIVIZIO2023-10-16
0012021-01-01KAREN BRIEGER2022-09-28 KAREN BRIEGER2022-09-28
0012020-01-01JAMES V. DIVIZIO2021-10-14 JAMES V. DIVIZIO2021-10-14
0012019-01-01
0012018-01-01KAREN BRIEGER2019-10-07 KAREN BRIEGER2019-10-07
0012017-01-01
0012016-01-01
0012016-01-01JAMES DIVIZIO2019-01-29

Financial Data on PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN

Measure Date Value
2023 : PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2023 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$18,782
Expenses. Interest paid2023-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022023-12-31$0
Total income from all sources (including contributions)2023-12-31$3,318,258
Total of all expenses incurred2023-12-31$1,474,630
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$1,425,787
Value of total corrective distributions2023-12-31$18,782
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,895,477
Value of total assets at end of year2023-12-31$10,728,236
Value of total assets at beginning of year2023-12-31$8,865,826
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$30,061
Total income from rents2023-12-31$0
Total interest from all sources2023-12-31$4,336
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$274,788
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$274,788
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$1,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,335,045
Participant contributions at end of year2023-12-31$87,510
Participant contributions at beginning of year2023-12-31$38,300
Participant contributions at end of year2023-12-31$30,542
Participant contributions at beginning of year2023-12-31$26,977
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$157,248
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$18,782
Liabilities. Value of operating payables at end of year2023-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$1,843,628
Value of net assets at end of year (total assets less liabilities)2023-12-31$10,709,454
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$8,865,826
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$10,506,804
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$8,791,572
Interest on participant loans2023-12-31$4,336
Value of interest in common/collective trusts at end of year2023-12-31$86,699
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$1,143,657
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$403,184
Employer contributions (assets) at end of year2023-12-31$16,681
Employer contributions (assets) at beginning of year2023-12-31$8,977
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$1,425,787
Contract administrator fees2023-12-31$30,061
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31TAWNEY, PLLC
Accountancy firm EIN2023-12-31464585499
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$18,782
Total income from all sources (including contributions)2023-01-01$3,318,258
Total of all expenses incurred2023-01-01$1,474,630
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$1,425,787
Value of total corrective distributions2023-01-01$18,782
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$1,895,477
Value of total assets at end of year2023-01-01$10,728,236
Value of total assets at beginning of year2023-01-01$8,865,826
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$30,061
Total income from rents2023-01-01$0
Total interest from all sources2023-01-01$4,336
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$274,788
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$274,788
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$1,000,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$1,335,045
Participant contributions at end of year2023-01-01$87,510
Participant contributions at beginning of year2023-01-01$38,300
Participant contributions at end of year2023-01-01$30,542
Participant contributions at beginning of year2023-01-01$26,977
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$157,248
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-01-01$18,782
Liabilities. Value of operating payables at end of year2023-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$1,843,628
Value of net assets at end of year (total assets less liabilities)2023-01-01$10,709,454
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$8,865,826
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$10,506,804
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$8,791,572
Interest on participant loans2023-01-01$4,336
Value of interest in common/collective trusts at end of year2023-01-01$86,699
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$1,143,657
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01Yes
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$403,184
Employer contributions (assets) at end of year2023-01-01$16,681
Employer contributions (assets) at beginning of year2023-01-01$8,977
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$1,425,787
Contract administrator fees2023-01-01$30,061
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01TAWNEY, PLLC
Accountancy firm EIN2023-01-01464585499
2022 : PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2022 401k financial data
Total transfer of assets to this plan2022-12-31$6,526,954
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$32,932
Total income from all sources (including contributions)2022-12-31$7,095
Total of all expenses incurred2022-12-31$1,554,899
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,538,867
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,629,650
Value of total assets at end of year2022-12-31$8,865,826
Value of total assets at beginning of year2022-12-31$3,919,608
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$16,032
Total interest from all sources2022-12-31$1,049
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$503,976
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$503,976
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,115,046
Participant contributions at end of year2022-12-31$38,300
Participant contributions at beginning of year2022-12-31$3,000
Participant contributions at end of year2022-12-31$26,977
Participant contributions at beginning of year2022-12-31$7,304
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$163,501
Other income not declared elsewhere2022-12-31$0
Liabilities. Value of operating payables at beginning of year2022-12-31$32,932
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,547,804
Value of net assets at end of year (total assets less liabilities)2022-12-31$8,865,826
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$3,886,676
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$8,791,572
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$3,743,603
Interest on participant loans2022-12-31$1,049
Value of interest in common/collective trusts at beginning of year2022-12-31$162,864
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,127,580
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$351,103
Employer contributions (assets) at end of year2022-12-31$8,977
Employer contributions (assets) at beginning of year2022-12-31$2,837
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,538,867
Contract administrator fees2022-12-31$16,032
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31Yes
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31TAWNEY, PLLC
Accountancy firm EIN2022-12-31464585499
Total transfer of assets to this plan2022-01-01$6,526,954
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$32,932
Total income from all sources (including contributions)2022-01-01$7,095
Total of all expenses incurred2022-01-01$1,554,899
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$1,538,867
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$1,629,650
Value of total assets at end of year2022-01-01$8,865,826
Value of total assets at beginning of year2022-01-01$3,919,608
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$16,032
Total interest from all sources2022-01-01$1,049
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$503,976
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$503,976
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$1,000,000
If this is an individual account plan, was there a blackout period2022-01-01Yes
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$1,115,046
Participant contributions at end of year2022-01-01$38,300
Participant contributions at beginning of year2022-01-01$3,000
Participant contributions at end of year2022-01-01$26,977
Participant contributions at beginning of year2022-01-01$7,304
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$163,501
Other income not declared elsewhere2022-01-01$0
Liabilities. Value of operating payables at beginning of year2022-01-01$32,932
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-1,547,804
Value of net assets at end of year (total assets less liabilities)2022-01-01$8,865,826
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$3,886,676
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$8,791,572
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$3,743,603
Interest on participant loans2022-01-01$1,049
Value of interest in common/collective trusts at beginning of year2022-01-01$162,864
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-2,127,580
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$351,103
Employer contributions (assets) at end of year2022-01-01$8,977
Employer contributions (assets) at beginning of year2022-01-01$2,837
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$1,538,867
Contract administrator fees2022-01-01$16,032
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-01-01Yes
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01TAWNEY, PLLC
Accountancy firm EIN2022-01-01464585499
2021 : PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$32,932
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$43,305
Total income from all sources (including contributions)2021-12-31$1,338,173
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$343,703
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$251,515
Expenses. Certain deemed distributions of participant loans2021-12-31$14,735
Value of total corrective distributions2021-12-31$32,932
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$887,630
Value of total assets at end of year2021-12-31$3,919,608
Value of total assets at beginning of year2021-12-31$2,935,511
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$44,521
Total interest from all sources2021-12-31$244
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$268,650
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$268,650
Administrative expenses professional fees incurred2021-12-31$16,763
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
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$548,981
Participant contributions at end of year2021-12-31$3,000
Participant contributions at beginning of year2021-12-31$15,828
Participant contributions at end of year2021-12-31$7,304
Participant contributions at beginning of year2021-12-31$4,915
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$168,182
Other income not declared elsewhere2021-12-31$0
Administrative expenses (other) incurred2021-12-31$27,758
Liabilities. Value of operating payables at end of year2021-12-31$32,932
Liabilities. Value of operating payables at beginning of year2021-12-31$43,305
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$994,470
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,886,676
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,892,206
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$3,743,603
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,779,073
Interest on participant loans2021-12-31$244
Interest earned on other investments2021-12-31$0
Value of interest in common/collective trusts at end of year2021-12-31$162,864
Value of interest in common/collective trusts at beginning of year2021-12-31$133,869
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$181,649
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$170,467
Employer contributions (assets) at end of year2021-12-31$2,837
Employer contributions (assets) at beginning of year2021-12-31$1,826
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$251,515
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 plan2021-12-31Disclaimer
Accountancy firm name2021-12-31TAWNEY, PLLC
Accountancy firm EIN2021-12-31464585499
2020 : PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$43,305
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$11,943
Total income from all sources (including contributions)2020-12-31$995,857
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$260,010
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$216,840
Expenses. Certain deemed distributions of participant loans2020-12-31$19,898
Value of total corrective distributions2020-12-31$7,230
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$559,355
Value of total assets at end of year2020-12-31$2,935,511
Value of total assets at beginning of year2020-12-31$2,168,302
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$16,042
Total interest from all sources2020-12-31$1,131
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$126,082
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$126,082
Administrative expenses professional fees incurred2020-12-31$16,042
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
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$369,621
Participant contributions at end of year2020-12-31$15,828
Participant contributions at beginning of year2020-12-31$14,005
Participant contributions at end of year2020-12-31$4,915
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$36,014
Other income not declared elsewhere2020-12-31$0
Administrative expenses (other) incurred2020-12-31$0
Liabilities. Value of operating payables at end of year2020-12-31$43,305
Liabilities. Value of operating payables at beginning of year2020-12-31$11,943
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$735,847
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,892,206
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,156,359
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$2,779,073
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$2,072,676
Interest on participant loans2020-12-31$1,131
Value of interest in common/collective trusts at end of year2020-12-31$133,869
Value of interest in common/collective trusts at beginning of year2020-12-31$67,844
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$309,284
Net investment gain or loss from common/collective trusts2020-12-31$5
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$153,720
Employer contributions (assets) at end of year2020-12-31$1,826
Employer contributions (assets) at beginning of year2020-12-31$13,777
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$216,840
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 plan2020-12-31Disclaimer
Accountancy firm name2020-12-31TAWNEY, PLLC
Accountancy firm EIN2020-12-31464585499
2019 : PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2019 401k financial data
Total transfer of assets to this plan2019-12-31$962,382
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$11,943
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$38,607
Total income from all sources (including contributions)2019-12-31$598,432
Total of all expenses incurred2019-12-31$894,874
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$885,939
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$314,897
Value of total assets at end of year2019-12-31$2,168,302
Value of total assets at beginning of year2019-12-31$1,529,026
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$8,935
Total interest from all sources2019-12-31$976
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$96,175
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$96,175
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$251,539
Participant contributions at end of year2019-12-31$14,005
Participant contributions at beginning of year2019-12-31$6,942
Participant contributions at beginning of year2019-12-31$6,731
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$13,777
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$2,764
Liabilities. Value of operating payables at end of year2019-12-31$11,943
Liabilities. Value of operating payables at beginning of year2019-12-31$38,607
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
Income. Non cash contributions2019-12-31$0
Value of net income/loss2019-12-31$-296,442
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,156,359
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,490,419
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
Investment advisory and management fees2019-12-31$8,935
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,072,676
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,509,408
Interest on participant loans2019-12-31$976
Value of interest in common/collective trusts at end of year2019-12-31$67,844
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$186,253
Net investment gain or loss from common/collective trusts2019-12-31$131
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 contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$49,581
Employer contributions (assets) at end of year2019-12-31$13,777
Employer contributions (assets) at beginning of year2019-12-31$3,181
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$885,939
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 name2019-12-31TAWNEY, PLLC
Accountancy firm EIN2019-12-31464585499
2018 : PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2018 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$38,607
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$15,841
Total income from all sources (including contributions)2018-12-31$224,481
Total of all expenses incurred2018-12-31$123,892
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$75,759
Value of total corrective distributions2018-12-31$47,723
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$321,514
Value of total assets at end of year2018-12-31$1,529,026
Value of total assets at beginning of year2018-12-31$1,405,671
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$410
Total interest from all sources2018-12-31$157
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$140,000
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$204,224
Participant contributions at end of year2018-12-31$6,942
Participant contributions at beginning of year2018-12-31$2,366
Participant contributions at end of year2018-12-31$6,731
Participant contributions at beginning of year2018-12-31$3,837
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$7,904
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$2,764
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$42,001
Liabilities. Value of operating payables at end of year2018-12-31$38,607
Liabilities. Value of operating payables at beginning of year2018-12-31$15,841
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$100,589
Value of net assets at end of year (total assets less liabilities)2018-12-31$1,490,419
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$1,389,830
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
Investment advisory and management fees2018-12-31$410
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$1,509,408
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$1,355,991
Interest on participant loans2018-12-31$157
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-97,190
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 contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$109,386
Employer contributions (assets) at end of year2018-12-31$3,181
Employer contributions (assets) at beginning of year2018-12-31$1,476
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$75,759
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)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31TAWNEY, PLLC
Accountancy firm EIN2018-12-31464585499
2017 : PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2017 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$15,841
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$25,604
Total income from all sources (including contributions)2017-12-31$711,950
Total of all expenses incurred2017-12-31$84,085
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$67,544
Value of total corrective distributions2017-12-31$15,841
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$515,423
Value of total assets at end of year2017-12-31$1,405,671
Value of total assets at beginning of year2017-12-31$787,569
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$700
Total interest from all sources2017-12-31$298
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$120,000
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$221,339
Participant contributions at end of year2017-12-31$2,366
Participant contributions at beginning of year2017-12-31$9,206
Participant contributions at end of year2017-12-31$3,837
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$179,219
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$42,001
Liabilities. Value of operating payables at end of year2017-12-31$15,841
Liabilities. Value of operating payables at beginning of year2017-12-31$25,604
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$627,865
Value of net assets at end of year (total assets less liabilities)2017-12-31$1,389,830
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$761,965
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
Investment advisory and management fees2017-12-31$700
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$1,355,991
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$778,363
Interest on participant loans2017-12-31$298
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$196,229
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 contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$114,865
Employer contributions (assets) at end of year2017-12-31$1,476
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$67,544
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)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31TAWNEY, PLLC
Accountancy firm EIN2017-12-31464585499
2016 : PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2016 401k financial data
Total transfer of assets to this plan2016-12-31$468,017
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$25,604
Total income from all sources (including contributions)2016-12-31$382,632
Total of all expenses incurred2016-12-31$88,684
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$88,164
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$303,941
Value of total assets at end of year2016-12-31$787,569
Value of total assets at beginning of year2016-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$520
Total interest from all sources2016-12-31$266
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31No
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$196,078
Participant contributions at end of year2016-12-31$9,206
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$28,350
Liabilities. Value of operating payables at end of year2016-12-31$25,604
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$293,948
Value of net assets at end of year (total assets less liabilities)2016-12-31$761,965
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$520
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$778,363
Income. Interest from loans (other than to participants)2016-12-31$266
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$78,425
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$0
Assets. Invements in employer securities at beginning of year2016-12-31$0
Contributions received in cash from employer2016-12-31$79,513
Employer contributions (assets) at beginning of year2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$88,164
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31TAWNEY, PLLC
Accountancy firm EIN2016-12-31464585499

Form 5500 Responses for PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN

2023: PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) 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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PHASE 2 MEDICAL MANUFACTURING, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01First time form 5500 has been submittedYes
2016-01-01Submission has been amendedYes
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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