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VALLEY FORGE FABRICS, INC 401(K) PLAN 401k Plan overview

Plan NameVALLEY FORGE FABRICS, INC 401(K) PLAN
Plan identification number 001

VALLEY FORGE FABRICS, INC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.

401k Sponsoring company profile

VALLEY FORGE FABRICS, INC has sponsored the creation of one or more 401k plans.

Company Name:VALLEY FORGE FABRICS, INC
Employer identification number (EIN):132895229
NAIC Classification:313000
NAIC Description: Textile Mills

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VALLEY FORGE FABRICS, INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01WARD YOUNG
0012023-04-01WARD YOUNG2024-10-07 WARD YOUNG2024-10-07
0012023-04-01WARD YOUNG

Plan Statistics for VALLEY FORGE FABRICS, INC 401(K) PLAN

401k plan membership statisitcs for VALLEY FORGE FABRICS, INC 401(K) PLAN

Measure Date Value
2024: VALLEY FORGE FABRICS, INC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-07280
Total number of particpants at end of year2024-10-07248
Number of Participants With Account Balances2024-10-07142

Financial Data on VALLEY FORGE FABRICS, INC 401(K) PLAN

Measure Date Value
2024 : VALLEY FORGE FABRICS, INC 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-079857009
Total liabilities as of the end of the plan year2024-10-070
Total liabilities as of the beginning of the plan year2024-10-070
Total expenses incurred by plan in this plan year2024-10-071073259
Net assets as of the end of the plan year2024-10-0710658659
Total assets as of the beginning of the plan year2024-10-070
Value of plan covered by a fidelity bond2024-10-07500000
Participant contributions to plan in this plan year2024-10-07656863
Value of participant loans at end of plan year2024-10-0770289
Other expenses paid from plan in this plan year2024-10-070
Other contributions to plan in this plan year2024-10-07166548
Other income to plan in this plan year2024-10-07835371
Plan net income in this plan year2024-10-07801650
Net assets as of the end of the plan year2024-10-0710658659
Net assets as of the beginning of the plan year2024-10-070
Value of contributions failed to transmitted timely2024-10-0760
Employer contributions to plan in this plan year2024-10-07216127
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-0736423

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