401k Plan data: SUPERIOR WASHER & GASKET CORP. 401(K) PLAN plan

SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 401k Plan overview

Plan Name	SUPERIOR WASHER & GASKET CORP. 401(K) PLAN
Plan identification number	002

SUPERIOR WASHER & GASKET CORP. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

SUPERIOR WASHER & GASKET CORP. has sponsored the creation of one or more 401k plans.

Company Name: SUPERIOR WASHER & GASKET CORP.

Employer identification number (EIN): 112287669

NAIC Classification: 332900

Additional information about SUPERIOR WASHER & GASKET CORP.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1972-10-05

Company Identification Number: 243801

Legal Registered Office Address: 170 ADAMS AVE.
Suffolk
HAUPPAUGE
United States of America (USA)
11788

More information about SUPERIOR WASHER & GASKET CORP.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUPERIOR WASHER & GASKET CORP. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 ALLAN A LIPPOLIS 2023-10-09
002 2021-01-01 ALLAN A. LIPPOLIS 2022-10-05
002 2020-01-01 ALLAN LIPPOLIS 2021-10-05
002 2019-01-01
002 2018-01-01
002 2017-01-01
002 2016-01-01
002 2015-01-01
002 2014-01-01 ALLAN LIPPOLIS 2015-09-17 ALLAN LIPPOLIS 2015-09-17
002 2013-01-01 ALLAN LIPPOLIS 2014-10-07 ALLAN LIPPOLIS 2014-10-07
002 2012-01-01 ALLAN LIPPOLIS 2013-10-05 ALLAN LIPPOLIS 2013-10-05
002 2011-01-01 ALLAN LIPPOLIS 2012-10-02 ALLAN LIPPOLIS 2012-10-02
002 2010-01-01 ALLAN LIPPOLIS 2011-07-25 ALLAN LIPPOLIS 2011-07-25

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	ALLAN A LIPPOLIS	2023-10-09
002	2021-01-01	ALLAN A. LIPPOLIS	2022-10-05
002	2020-01-01	ALLAN LIPPOLIS	2021-10-05
002	2019-01-01
002	2018-01-01
002	2017-01-01
002	2016-01-01
002	2015-01-01
002	2014-01-01	ALLAN LIPPOLIS	2015-09-17	ALLAN LIPPOLIS	2015-09-17
002	2013-01-01	ALLAN LIPPOLIS	2014-10-07	ALLAN LIPPOLIS	2014-10-07
002	2012-01-01	ALLAN LIPPOLIS	2013-10-05	ALLAN LIPPOLIS	2013-10-05
002	2011-01-01	ALLAN LIPPOLIS	2012-10-02	ALLAN LIPPOLIS	2012-10-02
002	2010-01-01	ALLAN LIPPOLIS	2011-07-25	ALLAN LIPPOLIS	2011-07-25

Plan Statistics for SUPERIOR WASHER & GASKET CORP. 401(K) PLAN

401k plan membership statisitcs for SUPERIOR WASHER & GASKET CORP. 401(K) PLAN

Measure Date Value
2022: SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 110
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 92
Number of retired or separated participants receiving benefits 2022-01-01 22
Total of all active and inactive participants 2022-01-01 114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 114
Number of participants with account balances 2022-01-01 114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 112
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 90
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 19
Total of all active and inactive participants 2021-01-01 109
Total participants 2021-01-01 109
Number of participants with account balances 2021-01-01 109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 8
2020: SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 125
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 99
Number of other retired or separated participants entitled to future benefits 2020-01-01 6
Total of all active and inactive participants 2020-01-01 105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 105
Number of participants with account balances 2020-01-01 105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 3

Measure	Date	Value
2022: SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	110
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	92
Number of retired or separated participants receiving benefits	2022-01-01	22
Total of all active and inactive participants	2022-01-01	114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	114
Number of participants with account balances	2022-01-01	114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	112
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	90
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	19
Total of all active and inactive participants	2021-01-01	109
Total participants	2021-01-01	109
Number of participants with account balances	2021-01-01	109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	8
2020: SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	125
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	99
Number of other retired or separated participants entitled to future benefits	2020-01-01	6
Total of all active and inactive participants	2020-01-01	105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	105
Number of participants with account balances	2020-01-01	105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	3

Financial Data on SUPERIOR WASHER & GASKET CORP. 401(K) PLAN

Measure	Date	Value
2022 : SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-663,401
Total of all expenses incurred	2022-12-31	$505,791
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$475,399
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$465,741
Value of total assets at end of year	2022-12-31	$5,547,083
Value of total assets at beginning of year	2022-12-31	$6,716,275
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$30,392
Total interest from all sources	2022-12-31	$12,767
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$96,193
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$96,193
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$450,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$320,404
Participant contributions at end of year	2022-12-31	$143,325
Participant contributions at beginning of year	2022-12-31	$132,135
Participant contributions at end of year	2022-12-31	$5,682
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$0
Administrative expenses (other) incurred	2022-12-31	$1,710
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Income. Non cash contributions	2022-12-31	$0
Value of net income/loss	2022-12-31	$-1,169,192
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$5,547,083
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$6,716,275
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$28,682
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$5,140,767
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$6,357,853
Interest on participant loans	2022-12-31	$6,188
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$158,979
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$154,698
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$154,698
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$6,579
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,238,102
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$145,337
Employer contributions (assets) at end of year	2022-12-31	$98,330
Employer contributions (assets) at beginning of year	2022-12-31	$71,589
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$475,399
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	WITHUM SMITH & BROWN, PC
Accountancy firm EIN	2022-12-31	222027092
2021 : SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$1,188,417
Total of all expenses incurred	2021-12-31	$236,105
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$204,992
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$462,640
Value of total assets at end of year	2021-12-31	$6,716,275
Value of total assets at beginning of year	2021-12-31	$5,763,963
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$31,113
Total interest from all sources	2021-12-31	$9,428
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$94,895
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$94,895
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$450,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$340,958
Participant contributions at end of year	2021-12-31	$132,135
Participant contributions at beginning of year	2021-12-31	$76,217
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$0
Administrative expenses (other) incurred	2021-12-31	$735
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Income. Non cash contributions	2021-12-31	$0
Value of net income/loss	2021-12-31	$952,312
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$6,716,275
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$5,763,963
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$30,378
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$6,357,853
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$5,503,299
Interest on participant loans	2021-12-31	$6,018
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$154,698
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$134,447
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$134,447
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$3,410
Expenses. Payments to insurance carriers foe the provision of benefits	2021-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$621,454
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$121,682
Employer contributions (assets) at end of year	2021-12-31	$71,589
Employer contributions (assets) at beginning of year	2021-12-31	$50,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$204,992
Contract administrator fees	2021-12-31	$0
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	WITHUM SMITH & BROWN, PC
Accountancy firm EIN	2021-12-31	222027092
2020 : SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2020 401k financial data
Total transfer of assets to this plan	2020-12-31	$0
Total transfer of assets from this plan	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$1,235,837
Total of all expenses incurred	2020-12-31	$215,842
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$182,314
Expenses. Certain deemed distributions of participant loans	2020-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$438,289
Value of total assets at end of year	2020-12-31	$5,763,963
Value of total assets at beginning of year	2020-12-31	$4,743,968
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$33,528
Total interest from all sources	2020-12-31	$7,934
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$82,247
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$82,247
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$450,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$330,072
Participant contributions at end of year	2020-12-31	$76,217
Participant contributions at beginning of year	2020-12-31	$78,756
Other income not declared elsewhere	2020-12-31	$9
Administrative expenses (other) incurred	2020-12-31	$1,560
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$1,019,995
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$5,763,963
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$4,743,968
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$5,503,299
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$4,477,569
Interest on participant loans	2020-12-31	$4,300
Income. Interest from loans (other than to participants)	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$134,447
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$131,643
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$131,643
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$3,634
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$707,358
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$108,217
Employer contributions (assets) at end of year	2020-12-31	$50,000
Employer contributions (assets) at beginning of year	2020-12-31	$56,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$182,314
Contract administrator fees	2020-12-31	$31,968
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	WITHUM SMITH & BROWN, PC
Accountancy firm EIN	2020-12-31	222027092

Form 5500 Responses for SUPERIOR WASHER & GASKET CORP. 401(K) PLAN

2022: SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SUPERIOR WASHER & GASKET CORP. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	SUPERIOR WASHER & GASKET CORP.
Employer identification number (EIN):	112287669
NAIC Classification:	332900

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1972-10-05
Company Identification Number:	243801
Legal Registered Office Address:	170 ADAMS AVE. Suffolk HAUPPAUGE United States of America (USA) 11788