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INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameINDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

INDUSTRIAL EQUIPMENT SOLUTIONS has sponsored the creation of one or more 401k plans.

Company Name:INDUSTRIAL EQUIPMENT SOLUTIONS
Employer identification number (EIN):330798595
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01SYNDIE FREELAND2018-07-06
0012016-01-01SYNDIE FREELAND2017-05-17
0012015-01-01SYNDIE FREELAND
0012014-01-01SYNDIE FREELAND
0012013-01-01SYNDIE FREELAND2014-07-30

Plan Statistics for INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2021: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-015
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-010
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-0111
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-015
Total of all active and inactive participants2020-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-015
Number of participants with account balances2020-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-0117
Total number of active participants reported on line 7a of the Form 55002019-01-015
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0111
Total of all active and inactive participants2019-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0116
Number of participants with account balances2019-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-0153
Total number of active participants reported on line 7a of the Form 55002018-01-017
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0110
Total of all active and inactive participants2018-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0117
Number of participants with account balances2018-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2015: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-01114
Total number of active participants reported on line 7a of the Form 55002015-01-0162
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-018
Total of all active and inactive participants2015-01-0170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0170
Number of participants with account balances2015-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-0162
Total number of active participants reported on line 7a of the Form 55002014-01-01112
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-012
Total of all active and inactive participants2014-01-01114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01114
Number of participants with account balances2014-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2021 : INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2021 401k financial data
Transfers to/from the plan2021-01-18$0
Total plan liabilities at end of year2021-01-18$0
Total plan liabilities at beginning of year2021-01-18$0
Total income from all sources2021-01-18$293
Expenses. Total of all expenses incurred2021-01-18$14,554
Benefits paid (including direct rollovers)2021-01-18$14,069
Total plan assets at end of year2021-01-18$0
Total plan assets at beginning of year2021-01-18$14,261
Total contributions received or receivable from participants2021-01-18$0
Expenses. Other expenses not covered elsewhere2021-01-18$0
Contributions received from other sources (not participants or employers)2021-01-18$0
Other income received2021-01-18$293
Net income (gross income less expenses)2021-01-18$-14,261
Net plan assets at end of year (total assets less liabilities)2021-01-18$0
Net plan assets at beginning of year (total assets less liabilities)2021-01-18$14,261
Total contributions received or receivable from employer(s)2021-01-18$0
Value of certain deemed distributions of participant loans2021-01-18$0
Value of corrective distributions2021-01-18$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-01-18$485
2020 : INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$7,269
Expenses. Total of all expenses incurred2020-12-31$299,157
Benefits paid (including direct rollovers)2020-12-31$297,756
Total plan assets at end of year2020-12-31$14,261
Total plan assets at beginning of year2020-12-31$306,149
Value of fidelity bond covering the plan2020-12-31$0
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$7,269
Net income (gross income less expenses)2020-12-31$-291,888
Net plan assets at end of year (total assets less liabilities)2020-12-31$14,261
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$306,149
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$1,401
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Funding deficiency by the employer to the plan for this plan year2020-12-31$0
Minimum employer required contribution for this plan year2020-12-31$0
Amount contributed by the employer to the plan for this plan year2020-12-31$0
2019 : INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$91,213
Expenses. Total of all expenses incurred2019-12-31$1
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$306,149
Total plan assets at beginning of year2019-12-31$214,937
Value of fidelity bond covering the plan2019-12-31$265,000
Total contributions received or receivable from participants2019-12-31$25,000
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$66,213
Net income (gross income less expenses)2019-12-31$91,212
Net plan assets at end of year (total assets less liabilities)2019-12-31$306,149
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$214,937
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$1
2018 : INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$9,131
Expenses. Total of all expenses incurred2018-12-31$205,794
Benefits paid (including direct rollovers)2018-12-31$205,643
Total plan assets at end of year2018-12-31$214,937
Total plan assets at beginning of year2018-12-31$411,600
Value of fidelity bond covering the plan2018-12-31$265,000
Total contributions received or receivable from participants2018-12-31$21,347
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-12,216
Net income (gross income less expenses)2018-12-31$-196,663
Net plan assets at end of year (total assets less liabilities)2018-12-31$214,937
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$411,600
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$151
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Funding deficiency by the employer to the plan for this plan year2018-12-31$0
Minimum employer required contribution for this plan year2018-12-31$0
Amount contributed by the employer to the plan for this plan year2018-12-31$0
2015 : INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$73,066
Expenses. Total of all expenses incurred2015-12-31$42,737
Benefits paid (including direct rollovers)2015-12-31$38,960
Total plan assets at end of year2015-12-31$321,286
Total plan assets at beginning of year2015-12-31$290,957
Value of fidelity bond covering the plan2015-12-31$265,000
Total contributions received or receivable from participants2015-12-31$84,236
Expenses. Other expenses not covered elsewhere2015-12-31$65
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-11,170
Net income (gross income less expenses)2015-12-31$30,329
Net plan assets at end of year (total assets less liabilities)2015-12-31$321,286
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$290,957
Assets. Value of participant loans2015-12-31$737
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$3,712
2014 : INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$233,414
Expenses. Total of all expenses incurred2014-12-31$12,075
Benefits paid (including direct rollovers)2014-12-31$11,880
Total plan assets at end of year2014-12-31$290,957
Total plan assets at beginning of year2014-12-31$69,618
Value of fidelity bond covering the plan2014-12-31$0
Total contributions received or receivable from participants2014-12-31$95,499
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$131,618
Other income received2014-12-31$6,297
Net income (gross income less expenses)2014-12-31$221,339
Net plan assets at end of year (total assets less liabilities)2014-12-31$290,957
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$69,618
Assets. Value of participant loans2014-12-31$8,003
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$195
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0

Form 5500 Responses for INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST

2021: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingYes
2021-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2015: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: INDUSTRIAL EQUIPMENT SOLUTIONS 401(K) PROFIT SHARING PLAN & TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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