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LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameLEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN
Plan identification number 002

LEHIGH VALLEY TECH INC 401K 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 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.
  • 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

GENUS LIFESCIENCES INC. has sponsored the creation of one or more 401k plans.

Company Name:GENUS LIFESCIENCES INC.
Employer identification number (EIN):251829410
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01LARRY DALESANDRO2023-09-29 LARRY DALESANDRO2023-09-29
0022021-01-01LARRY DALESANDRO2022-10-13 LARRY DALESANDRO2022-10-13
0022020-01-01LARRY DALESANDRO2021-10-14
0022019-01-01LARRY DALESANDRO2020-10-13
0022018-01-01LARRY DALESANDRO2019-10-11
0022017-01-01
0022016-01-01
0022015-01-01LARRY DALESANDRO2016-07-13
0022014-01-01LARRY DALESANDRO2015-09-28
0022013-01-01LARRY DALESANDRO2014-06-25
0022012-01-01LARRY DALESANDRO2013-06-24
0022011-01-01LARRY DALESANDRO2012-05-04
0022010-01-01LARRY DALESANDRO2011-07-11

Plan Statistics for LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN

401k plan membership statisitcs for LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN

Measure Date Value
2022: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01160
Total number of active participants reported on line 7a of the Form 55002022-01-01115
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0163
Total of all active and inactive participants2022-01-01178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01178
Number of participants with account balances2022-01-01152
2021: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01193
Total number of active participants reported on line 7a of the Form 55002021-01-01116
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0144
Total of all active and inactive participants2021-01-01160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01160
Number of participants with account balances2021-01-01160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01179
Total number of active participants reported on line 7a of the Form 55002020-01-01162
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0131
Total of all active and inactive participants2020-01-01193
Total participants2020-01-01193
Number of participants with account balances2020-01-01173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01178
Total number of active participants reported on line 7a of the Form 55002019-01-01147
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0132
Total of all active and inactive participants2019-01-01179
Total participants2019-01-01179
Number of participants with account balances2019-01-01160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01146
Total number of active participants reported on line 7a of the Form 55002018-01-01163
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0115
Total of all active and inactive participants2018-01-01178
Total participants2018-01-01178
Number of participants with account balances2018-01-01156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0180
Total number of active participants reported on line 7a of the Form 55002017-01-01135
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0111
Total of all active and inactive participants2017-01-01146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01146
Number of participants with account balances2017-01-01125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN

Measure Date Value
2022 : LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-301,348
Total of all expenses incurred2022-12-31$411,049
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$405,719
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$933,445
Value of total assets at end of year2022-12-31$6,535,013
Value of total assets at beginning of year2022-12-31$7,247,410
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$5,330
Total interest from all sources2022-12-31$8,231
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$601,623
Participant contributions at end of year2022-12-31$206,830
Participant contributions at beginning of year2022-12-31$162,830
Administrative expenses (other) incurred2022-12-31$5,330
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-712,397
Value of net assets at end of year (total assets less liabilities)2022-12-31$6,535,013
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$7,247,410
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$6,144,338
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$6,589,383
Income. Interest from loans (other than to participants)2022-12-31$8,231
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$183,845
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$495,197
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,243,024
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$331,822
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$405,719
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BAKER TILLY US, LLP
Accountancy firm EIN2022-12-31390859910
2021 : LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$2,106,723
Total of all expenses incurred2021-12-31$1,368,319
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,368,319
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,192,164
Value of total assets at end of year2021-12-31$7,247,410
Value of total assets at beginning of year2021-12-31$6,509,006
Total interest from all sources2021-12-31$6,927
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$626,659
Participant contributions at end of year2021-12-31$162,830
Participant contributions at beginning of year2021-12-31$160,871
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$208,441
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$738,404
Value of net assets at end of year (total assets less liabilities)2021-12-31$7,247,410
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$6,509,006
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$6,589,383
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$6,131,178
Interest on participant loans2021-12-31$6,927
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$495,197
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$216,957
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$907,632
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$357,064
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,368,319
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BAKER TILLY US, LLP
Accountancy firm EIN2021-12-31390859910
2020 : LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$1,944,637
Total of all expenses incurred2020-12-31$462,744
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$462,744
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,125,385
Value of total assets at end of year2020-12-31$6,509,006
Value of total assets at beginning of year2020-12-31$5,027,113
Total interest from all sources2020-12-31$7,410
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$656,960
Participant contributions at end of year2020-12-31$160,871
Participant contributions at beginning of year2020-12-31$127,157
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$91,362
Other income not declared elsewhere2020-12-31$811,842
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,481,893
Value of net assets at end of year (total assets less liabilities)2020-12-31$6,509,006
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,027,113
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$6,131,178
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$4,864,213
Interest on participant loans2020-12-31$7,410
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$216,957
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$35,743
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$377,063
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$462,744
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BAKER TILLY US, LLP
Accountancy firm EIN2020-12-31390859910
2019 : LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$2,022,823
Total income from all sources (including contributions)2019-12-31$2,022,823
Total of all expenses incurred2019-12-31$260,109
Total of all expenses incurred2019-12-31$260,109
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$260,109
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$260,109
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,209,793
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,209,793
Value of total assets at end of year2019-12-31$5,027,113
Value of total assets at end of year2019-12-31$5,027,113
Value of total assets at beginning of year2019-12-31$3,264,399
Value of total assets at beginning of year2019-12-31$3,264,399
Total interest from all sources2019-12-31$6,815
Total interest from all sources2019-12-31$6,815
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$667,891
Contributions received from participants2019-12-31$667,891
Participant contributions at end of year2019-12-31$127,157
Participant contributions at end of year2019-12-31$127,157
Participant contributions at beginning of year2019-12-31$96,236
Participant contributions at beginning of year2019-12-31$96,236
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$162,751
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$162,751
Other income not declared elsewhere2019-12-31$806,215
Other income not declared elsewhere2019-12-31$806,215
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,762,714
Value of net income/loss2019-12-31$1,762,714
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,027,113
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,027,113
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,264,399
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,264,399
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$4,864,213
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$4,864,213
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,144,696
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,144,696
Interest on participant loans2019-12-31$6,815
Interest on participant loans2019-12-31$6,815
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$35,743
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$35,743
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$23,467
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$23,467
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$379,151
Contributions received in cash from employer2019-12-31$379,151
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$260,109
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$260,109
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BAKER TILLY US, LLP
Accountancy firm name2019-12-31BAKER TILLY US, LLP
Accountancy firm EIN2019-12-31390859910
Accountancy firm EIN2019-12-31390859910
2018 : LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$1,026,620
Total of all expenses incurred2018-12-31$68,652
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$68,652
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,278,580
Value of total assets at end of year2018-12-31$3,264,399
Value of total assets at beginning of year2018-12-31$2,306,431
Total interest from all sources2018-12-31$4,240
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$636,060
Participant contributions at end of year2018-12-31$96,236
Participant contributions at beginning of year2018-12-31$75,118
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$282,779
Other income not declared elsewhere2018-12-31$-256,200
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$957,968
Value of net assets at end of year (total assets less liabilities)2018-12-31$3,264,399
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,306,431
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$3,144,696
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$2,226,282
Interest on participant loans2018-12-31$4,240
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$23,467
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$5,031
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$359,741
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$68,652
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BAKER TILLY VIRCHOW KRAUSE LLP
Accountancy firm EIN2018-12-31390859910
2017 : LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$1,287,416
Total of all expenses incurred2017-12-31$140,120
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$140,120
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,035,522
Value of total assets at end of year2017-12-31$2,306,431
Value of total assets at beginning of year2017-12-31$1,159,135
Total interest from all sources2017-12-31$2,569
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$2,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$504,500
Participant contributions at end of year2017-12-31$75,118
Participant contributions at beginning of year2017-12-31$45,578
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$239,308
Other income not declared elsewhere2017-12-31$249,325
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,147,296
Value of net assets at end of year (total assets less liabilities)2017-12-31$2,306,431
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$1,159,135
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$2,226,282
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$1,112,324
Income. Interest from loans (other than to participants)2017-12-31$2,569
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$5,031
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$1,233
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$291,714
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$140,120
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BAKER TILLY VIRCHOW KRAUSE, LLP
Accountancy firm EIN2017-12-31390859910

Form 5500 Responses for LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN

2022: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: LEHIGH VALLEY TECH INC 401K PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1
Total amount of commissions paid to insurance brokerUSD $34,551
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $34,551
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number
Policy instance 1
Total amount of commissions paid to insurance brokerUSD $124
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $124
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number
Policy instance 1
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $632
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $632
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number
Policy instance 1
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $81
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $81
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number
Policy instance 1
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $25
Commission paid to Insurance BrokerUSD $25
Insurance broker organization code?4
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number
Policy instance 1
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes

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