401k Plan data: SEAWARD MARINE CORPORATION 401(K) PLAN plan

SEAWARD MARINE CORPORATION 401(K) PLAN 401k Plan overview

Plan Name	SEAWARD MARINE CORPORATION 401(K) PLAN
Plan identification number	001

SEAWARD MARINE CORPORATION 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.
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

SEAWARD MARINE CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: SEAWARD MARINE CORPORATION

Employer identification number (EIN): 205950226

NAIC Classification: 541990
NAIC Description: All Other Professional, Scientific, and Technical Services

Additional information about SEAWARD MARINE CORPORATION

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 2006-11-09

Company Identification Number: 0667741

Legal Registered Office Address: 1500 B STEEL STREET
1111 EAST MAIN STREET
CHESAPEAKE
United States of America (USA)
23323

More information about SEAWARD MARINE CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SEAWARD MARINE CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 ROBERT WILBER 2024-05-10
001 2022-01-01 ROBERT WILBER 2023-07-10
001 2021-01-01 ROBERT WILBER 2022-06-15
001 2020-01-01 ROBERT WILBER 2021-10-13
001 2019-01-01 ROBERT WILBER 2020-04-10
001 2018-01-01 ROBERT WILBER 2019-05-06
001 2017-01-01 ROBERT WILBER
001 2016-01-01 ROBERT WILBER
001 2015-01-01 ROBERT WILBER
001 2014-01-01 ROBERT WILBER
001 2013-02-01 ROBERT WILBER

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2023-01-01	ROBERT WILBER	2024-05-10
001	2022-01-01	ROBERT WILBER	2023-07-10
001	2021-01-01	ROBERT WILBER	2022-06-15
001	2020-01-01	ROBERT WILBER	2021-10-13
001	2019-01-01	ROBERT WILBER	2020-04-10
001	2018-01-01	ROBERT WILBER	2019-05-06
001	2017-01-01	ROBERT WILBER
001	2016-01-01	ROBERT WILBER
001	2015-01-01	ROBERT WILBER
001	2014-01-01	ROBERT WILBER
001	2013-02-01	ROBERT WILBER

Plan Statistics for SEAWARD MARINE CORPORATION 401(K) PLAN

401k plan membership statisitcs for SEAWARD MARINE CORPORATION 401(K) PLAN

Measure Date Value
2017: SEAWARD MARINE CORPORATION 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 63
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 56
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 6
Total of all active and inactive participants 2017-01-01 62
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 62
Number of participants with account balances 2017-01-01 28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: SEAWARD MARINE CORPORATION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 80
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 58
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 5
Total of all active and inactive participants 2016-01-01 63
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 63
Number of participants with account balances 2016-01-01 27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: SEAWARD MARINE CORPORATION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 82
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 60
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 2
Total of all active and inactive participants 2015-01-01 62
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 62
Number of participants with account balances 2015-01-01 28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SEAWARD MARINE CORPORATION 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 57
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 78
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 4
Total of all active and inactive participants 2014-01-01 82
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 82
Number of participants with account balances 2014-01-01 29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: SEAWARD MARINE CORPORATION 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-02-01 53
Total number of active participants reported on line 7a of the Form 5500 2013-02-01 53
Number of retired or separated participants receiving benefits 2013-02-01 0
Number of other retired or separated participants entitled to future benefits 2013-02-01 4
Total of all active and inactive participants 2013-02-01 57
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-02-01 0
Total participants 2013-02-01 57
Number of participants with account balances 2013-02-01 23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-02-01 0

Measure	Date	Value
2017: SEAWARD MARINE CORPORATION 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	63
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	56
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	6
Total of all active and inactive participants	2017-01-01	62
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	62
Number of participants with account balances	2017-01-01	28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: SEAWARD MARINE CORPORATION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	80
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	58
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	5
Total of all active and inactive participants	2016-01-01	63
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	63
Number of participants with account balances	2016-01-01	27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: SEAWARD MARINE CORPORATION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	82
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	60
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	2
Total of all active and inactive participants	2015-01-01	62
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	62
Number of participants with account balances	2015-01-01	28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SEAWARD MARINE CORPORATION 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	57
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	78
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	4
Total of all active and inactive participants	2014-01-01	82
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	82
Number of participants with account balances	2014-01-01	29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: SEAWARD MARINE CORPORATION 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-02-01	53
Total number of active participants reported on line 7a of the Form 5500	2013-02-01	53
Number of retired or separated participants receiving benefits	2013-02-01	0
Number of other retired or separated participants entitled to future benefits	2013-02-01	4
Total of all active and inactive participants	2013-02-01	57
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-02-01	0
Total participants	2013-02-01	57
Number of participants with account balances	2013-02-01	23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-02-01	0

Financial Data on SEAWARD MARINE CORPORATION 401(K) PLAN

Measure	Date	Value
2017 : SEAWARD MARINE CORPORATION 401(K) PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$527,089
Expenses. Total of all expenses incurred	2017-12-31	$104,606
Benefits paid (including direct rollovers)	2017-12-31	$71,544
Total plan assets at end of year	2017-12-31	$2,062,583
Total plan assets at beginning of year	2017-12-31	$1,640,100
Value of fidelity bond covering the plan	2017-12-31	$1,000,000
Total contributions received or receivable from participants	2017-12-31	$190,988
Assets. Value of loans (other than to participants)	2017-12-31	$106,185
Expenses. Other expenses not covered elsewhere	2017-12-31	$12,801
Contributions received from other sources (not participants or employers)	2017-12-31	$3,766
Other income received	2017-12-31	$303,323
Net income (gross income less expenses)	2017-12-31	$422,483
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$2,062,583
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$1,640,100
Total contributions received or receivable from employer(s)	2017-12-31	$29,012
Value of corrective distributions	2017-12-31	$20,261
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : SEAWARD MARINE CORPORATION 401(K) PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$312,720
Expenses. Total of all expenses incurred	2016-12-31	$191,055
Benefits paid (including direct rollovers)	2016-12-31	$190,699
Total plan assets at end of year	2016-12-31	$1,640,100
Total plan assets at beginning of year	2016-12-31	$1,518,435
Value of fidelity bond covering the plan	2016-12-31	$1,000,000
Total contributions received or receivable from participants	2016-12-31	$173,129
Assets. Value of loans (other than to participants)	2016-12-31	$118,944
Other income received	2016-12-31	$113,843
Net income (gross income less expenses)	2016-12-31	$121,665
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$1,640,100
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$1,518,435
Total contributions received or receivable from employer(s)	2016-12-31	$25,748
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$356
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : SEAWARD MARINE CORPORATION 401(K) PLAN 2015 401k financial data
Transfers to/from the plan	2015-12-31	$0
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$234,581
Expenses. Total of all expenses incurred	2015-12-31	$108,272
Benefits paid (including direct rollovers)	2015-12-31	$95,944
Total plan assets at end of year	2015-12-31	$1,518,435
Total plan assets at beginning of year	2015-12-31	$1,392,126
Value of fidelity bond covering the plan	2015-12-31	$1,000,000
Total contributions received or receivable from participants	2015-12-31	$218,906
Expenses. Other expenses not covered elsewhere	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$4,475
Other income received	2015-12-31	$11,200
Noncash contributions received	2015-12-31	$0
Net income (gross income less expenses)	2015-12-31	$126,309
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,518,435
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,392,126
Assets. Value of participant loans	2015-12-31	$143,591
Total contributions received or receivable from employer(s)	2015-12-31	$0
Value of certain deemed distributions of participant loans	2015-12-31	$0
Value of corrective distributions	2015-12-31	$11,734
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$594
2014 : SEAWARD MARINE CORPORATION 401(K) PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$242,849
Expenses. Total of all expenses incurred	2014-12-31	$257,337
Benefits paid (including direct rollovers)	2014-12-31	$247,809
Total plan assets at end of year	2014-12-31	$1,392,126
Total plan assets at beginning of year	2014-12-31	$1,406,614
Value of fidelity bond covering the plan	2014-12-31	$1,000,000
Total contributions received or receivable from participants	2014-12-31	$161,288
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$81,561
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$-14,488
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,392,126
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$1,406,614
Assets. Value of participant loans	2014-12-31	$19,246
Total contributions received or receivable from employer(s)	2014-12-31	$0
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$9,415
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$113
2013 : SEAWARD MARINE CORPORATION 401(K) PLAN 2013 401k financial data
Transfers to/from the plan	2013-12-31	$1,157,219
Total plan liabilities at end of year	2013-12-31	$0
Total plan liabilities at beginning of year	2013-12-31	$0
Total income from all sources	2013-12-31	$341,064
Expenses. Total of all expenses incurred	2013-12-31	$91,669
Benefits paid (including direct rollovers)	2013-12-31	$89,839
Total plan assets at end of year	2013-12-31	$1,406,614
Total plan assets at beginning of year	2013-12-31	$0
Value of fidelity bond covering the plan	2013-12-31	$1,000,000
Total contributions received or receivable from participants	2013-12-31	$154,811
Expenses. Other expenses not covered elsewhere	2013-12-31	$0
Contributions received from other sources (not participants or employers)	2013-12-31	$0
Other income received	2013-12-31	$186,253
Noncash contributions received	2013-12-31	$0
Net income (gross income less expenses)	2013-12-31	$249,395
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$1,406,614
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$0
Assets. Value of participant loans	2013-12-31	$31,765
Total contributions received or receivable from employer(s)	2013-12-31	$0
Value of certain deemed distributions of participant loans	2013-12-31	$0
Value of corrective distributions	2013-12-31	$1,698
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$132

Form 5500 Responses for SEAWARD MARINE CORPORATION 401(K) PLAN

2017: SEAWARD MARINE CORPORATION 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SEAWARD MARINE CORPORATION 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SEAWARD MARINE CORPORATION 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SEAWARD MARINE CORPORATION 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: SEAWARD MARINE CORPORATION 401(K) PLAN 2013 form 5500 responses
2013-02-01	Type of plan entity	Single employer plan
2013-02-01	First time form 5500 has been submitted	Yes
2013-02-01	Submission has been amended	No
2013-02-01	This submission is the final filing	No
2013-02-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-02-01	Plan is a collectively bargained plan	No
2013-02-01	Plan funding arrangement – Trust	Yes
2013-02-01	Plan benefit arrangement - Trust	Yes

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Company Name:	SEAWARD MARINE CORPORATION
Employer identification number (EIN):	205950226
NAIC Classification:	541990
NAIC Description:	All Other Professional, Scientific, and Technical Services

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	2006-11-09
Company Identification Number:	0667741
Legal Registered Office Address:	1500 B STEEL STREET 1111 EAST MAIN STREET CHESAPEAKE United States of America (USA) 23323