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STANDARD METALS INC PROFIT-SHARING PLAN 401k Plan overview

Plan NameSTANDARD METALS INC PROFIT-SHARING PLAN
Plan identification number 001

STANDARD METALS INC PROFIT-SHARING 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 or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

STANDARD METALS INC has sponsored the creation of one or more 401k plans.

Company Name:STANDARD METALS INC
Employer identification number (EIN):061024348
NAIC Classification:423500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STANDARD METALS INC PROFIT-SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALBERT BUZASH2024-05-30
0012022-01-01ALBERT BUZASH2023-07-17
0012021-01-01ALBERT BUZASH2022-05-23
0012020-01-01ALBERT BUZASH2021-06-02
0012019-01-01ALBERT BUZASH2020-06-25
0012018-01-01ALBERT BUZASH2019-06-12
0012017-01-01ALBERT S BUZASH JR2018-10-12
0012016-01-01ALBERT S BUZASH JR2017-10-16 ALBERT S BUZASH JR2017-10-16
0012015-01-01ALBERT S BUZASH JR2016-08-15 ALBERT S BUZASH JR2016-08-15
0012014-01-01ALBERT S BUZASH JR2015-10-02 ALBERT S BUZASH JR2015-10-02
0012013-01-01ALBERT S BUZASH JR2014-06-26 ALBERT S BUZASH JR2014-06-26
0012012-01-01ALBERT S BUZASH JR2013-05-31 ALBERT S BUZASH JR2013-05-31
0012011-01-01ALBERT S BUZASH JR2012-07-02

Financial Data on STANDARD METALS INC PROFIT-SHARING PLAN

Measure Date Value
2025 : STANDARD METALS INC PROFIT-SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-13164347
Net assets as of the end of the plan year2025-05-13889668
Total assets as of the beginning of the plan year2025-05-13876776
Value of plan covered by a fidelity bond2025-05-13200000
Participant contributions to plan in this plan year2025-05-130
Other contributions to plan in this plan year2025-05-130
Other income to plan in this plan year2025-05-1377239
Plan net income in this plan year2025-05-1312892
Net assets as of the end of the plan year2025-05-13889668
Net assets as of the beginning of the plan year2025-05-13876776
Employer contributions to plan in this plan year2025-05-13100000
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-1311307
2024 : STANDARD METALS INC PROFIT-SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-3040770
Net assets as of the end of the plan year2024-05-30876776
Total assets as of the beginning of the plan year2024-05-30738847
Value of plan covered by a fidelity bond2024-05-30200000
Participant contributions to plan in this plan year2024-05-300
Other contributions to plan in this plan year2024-05-300
Other income to plan in this plan year2024-05-3086670
Plan net income in this plan year2024-05-30137929
Net assets as of the end of the plan year2024-05-30876776
Net assets as of the beginning of the plan year2024-05-30738847
Employer contributions to plan in this plan year2024-05-3092029
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-3011197
2022 : STANDARD METALS INC PROFIT-SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-2340289
Net assets as of the end of the plan year2022-05-23978988
Total assets as of the beginning of the plan year2022-05-23916134
Value of plan covered by a fidelity bond2022-05-23200000
Participant contributions to plan in this plan year2022-05-230
Other contributions to plan in this plan year2022-05-230
Other income to plan in this plan year2022-05-23103143
Plan net income in this plan year2022-05-2362854
Net assets as of the end of the plan year2022-05-23978988
Net assets as of the beginning of the plan year2022-05-23916134
Employer contributions to plan in this plan year2022-05-230
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-2312689

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