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NEW HORIZON MACHINE CO 401K PLAN 401k Plan overview

Plan NameNEW HORIZON MACHINE CO 401K PLAN
Plan identification number 001

NEW HORIZON MACHINE CO 401K 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.
  • 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

NEW HORIZON MACHINE COMPANY has sponsored the creation of one or more 401k plans.

Company Name:NEW HORIZON MACHINE COMPANY
Employer identification number (EIN):133071835
NAIC Classification:332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW HORIZON MACHINE CO 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NICK RICE2024-07-10
0012022-01-01NICK RICE2023-06-29

Financial Data on NEW HORIZON MACHINE CO 401K PLAN

Measure Date Value
2025 : NEW HORIZON MACHINE CO 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-06200900
Net assets as of the end of the plan year2025-06-06333648
Total assets as of the beginning of the plan year2025-06-06139335
Value of plan covered by a fidelity bond2025-06-0614000
Participant contributions to plan in this plan year2025-06-06108933
Other contributions to plan in this plan year2025-06-06169045
Other income to plan in this plan year2025-06-0646091
Plan net income in this plan year2025-06-06194313
Net assets as of the end of the plan year2025-06-06333648
Net assets as of the beginning of the plan year2025-06-06139335
Employer contributions to plan in this plan year2025-06-0671144
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-06325
2024 : NEW HORIZON MACHINE CO 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-1026805
Net assets as of the end of the plan year2024-07-10139335
Total assets as of the beginning of the plan year2024-07-1089380
Value of plan covered by a fidelity bond2024-07-109000
Participant contributions to plan in this plan year2024-07-1049890
Other income to plan in this plan year2024-07-1015782
Plan net income in this plan year2024-07-1049955
Net assets as of the end of the plan year2024-07-10139335
Net assets as of the beginning of the plan year2024-07-1089380
Employer contributions to plan in this plan year2024-07-1011088

Potentially related plans

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