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NEXTECH SYSTEMS, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameNEXTECH SYSTEMS, INC. CASH BALANCE PLAN
Plan identification number 002

NEXTECH SYSTEMS, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • 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

NEXTECH SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEXTECH SYSTEMS, INC.
Employer identification number (EIN):330926165
NAIC Classification:336990

Additional information about NEXTECH SYSTEMS, INC.

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 2000-08-31
Company Identification Number: C2197162
Legal Registered Office Address: 248 West Marquita Unit 3

San Clemente
United States of America (USA)
92672

More information about NEXTECH SYSTEMS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEXTECH SYSTEMS, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01

Financial Data on NEXTECH SYSTEMS, INC. CASH BALANCE PLAN

Measure Date Value
2025 : NEXTECH SYSTEMS, INC. CASH BALANCE PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-310
Total liabilities as of the end of the plan year2025-07-310
Total liabilities as of the beginning of the plan year2025-07-310
Total expenses incurred by plan in this plan year2025-07-315175
Net assets as of the end of the plan year2025-07-31939794
Total assets as of the beginning of the plan year2025-07-31664805
Value of plan covered by a fidelity bond2025-07-31200000
Participant contributions to plan in this plan year2025-07-310
Other expenses paid from plan in this plan year2025-07-310
Other contributions to plan in this plan year2025-07-310
Other income to plan in this plan year2025-07-3180164
Plan net income in this plan year2025-07-31274989
Net assets as of the end of the plan year2025-07-31939794
Net assets as of the beginning of the plan year2025-07-31664805
Employer contributions to plan in this plan year2025-07-31200000
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-315175
2024 : NEXTECH SYSTEMS, INC. CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-300
Total liabilities as of the end of the plan year2024-09-300
Total liabilities as of the beginning of the plan year2024-09-300
Total expenses incurred by plan in this plan year2024-09-303879
Net assets as of the end of the plan year2024-09-30664805
Total assets as of the beginning of the plan year2024-09-30489139
Participant contributions to plan in this plan year2024-09-300
Other expenses paid from plan in this plan year2024-09-300
Other contributions to plan in this plan year2024-09-300
Other income to plan in this plan year2024-09-3060545
Plan net income in this plan year2024-09-30175666
Net assets as of the end of the plan year2024-09-30664805
Net assets as of the beginning of the plan year2024-09-30489139
Employer contributions to plan in this plan year2024-09-30119000
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-303879
2022 : NEXTECH SYSTEMS, INC. CASH BALANCE PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-120
Total liabilities as of the end of the plan year2022-10-120
Total liabilities as of the beginning of the plan year2022-10-120
Total expenses incurred by plan in this plan year2022-10-121612
Net assets as of the end of the plan year2022-10-12382234
Total assets as of the beginning of the plan year2022-10-12247307
Participant contributions to plan in this plan year2022-10-120
Other expenses paid from plan in this plan year2022-10-120
Other contributions to plan in this plan year2022-10-120
Other income to plan in this plan year2022-10-1226039
Plan net income in this plan year2022-10-12134927
Net assets as of the end of the plan year2022-10-12382234
Net assets as of the beginning of the plan year2022-10-12247307
Employer contributions to plan in this plan year2022-10-12110500
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-121612

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