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| Plan Name | PRECISION METAL PRODUCTS, INC. 401K/PROFIT SHARING PLAN |
| Plan identification number | 001 |
| 401k Plan Type | Defined Contribution Pension |
| Plan Features/Benefits |
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| Company Name: | PRECISION METAL PRODUCTS, INC. |
| Employer identification number (EIN): | 340893837 |
| NAIC Classification: | 332110 |
Additional information about PRECISION METAL PRODUCTS, INC.
| Jurisdiction of Incorporation: | Ohio Secretary of State Business Services Division |
| Incorporation Date: | 1961-08-29 |
| Company Identification Number: | 303412 |
| Legal Registered Office Address: |
30195 CHAGRIN BLVD - CLEVELAND United States of America (USA) 44124 |
More information about PRECISION METAL PRODUCTS, INC.
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|---|---|---|---|---|
| 001 | 2022-01-01 | ||||
| 001 | 2021-01-01 | GEORGE JACIN | 2022-10-13 | ||
| 001 | 2020-01-01 | GEORGE JACIN | 2021-03-09 | ||
| 001 | 2019-01-01 | GEORGE JACIN | 2020-02-03 | ||
| 001 | 2018-01-01 | GEORGE JACIN | 2019-09-12 | ||
| 001 | 2017-01-01 | GEORGE JACIN | 2018-04-03 | ||
| 001 | 2016-01-01 | PRECISION METAL PRODUCTS INC. | 2017-09-12 | ||
| 001 | 2015-01-01 | PRECISION METAL PRODUCTS, INC | 2016-06-30 | ||
| 001 | 2014-01-01 | GEORGE A JACIN | 2015-07-09 | ||
| 001 | 2013-01-01 | GEORGE JACIN | 2014-05-27 | ||
| 001 | 2012-01-01 | GEORGE A. JACIN | 2013-07-15 | GEORGE A. JACIN | 2013-07-15 |
| 001 | 2011-01-01 | GEORGE JACIN | 2012-05-03 | ||
| 001 | 2010-01-01 | GEORGE JACIN | 2011-05-17 |
| Measure | Date | Value |
|---|---|---|
| 2022: PRECISION METAL PRODUCTS, INC. 401K/PROFIT SHARING PLAN 2022 401k membership | ||
| Total participants, beginning-of-year | 2022-01-01 | 48 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 39 |
| Number of retired or separated participants receiving benefits | 2022-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 6 |
| Total of all active and inactive participants | 2022-01-01 | 45 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
| Total participants | 2022-01-01 | 45 |
| Number of participants with account balances | 2022-01-01 | 29 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
| Measure | Date | Value |
|---|---|---|
| 2022 : PRECISION METAL PRODUCTS, INC. 401K/PROFIT SHARING PLAN 2022 401k financial data | ||
| Transfers to/from the plan | 2022-12-31 | $0 |
| Total plan liabilities at end of year | 2022-12-31 | $0 |
| Total plan liabilities at beginning of year | 2022-12-31 | $0 |
| Total income from all sources | 2022-12-31 | $-299,336 |
| Expenses. Total of all expenses incurred | 2022-12-31 | $481,819 |
| Benefits paid (including direct rollovers) | 2022-12-31 | $468,587 |
| Total plan assets at end of year | 2022-12-31 | $2,104,951 |
| Total plan assets at beginning of year | 2022-12-31 | $2,886,106 |
| Value of fidelity bond covering the plan | 2022-12-31 | $300,000 |
| Total contributions received or receivable from participants | 2022-12-31 | $33,045 |
| Expenses. Other expenses not covered elsewhere | 2022-12-31 | $0 |
| Contributions received from other sources (not participants or employers) | 2022-12-31 | $0 |
| Other income received | 2022-12-31 | $-453,478 |
| Noncash contributions received | 2022-12-31 | $0 |
| Net income (gross income less expenses) | 2022-12-31 | $-781,155 |
| Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $2,104,951 |
| Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $2,886,106 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2022-12-31 | $0 |
| Total contributions received or receivable from employer(s) | 2022-12-31 | $121,097 |
| Value of certain deemed distributions of participant loans | 2022-12-31 | $0 |
| Value of corrective distributions | 2022-12-31 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2022-12-31 | $13,232 |
| 2022: PRECISION METAL PRODUCTS, INC. 401K/PROFIT SHARING PLAN 2022 form 5500 responses | ||
|---|---|---|
| 2022-01-01 | Type of plan entity | Single employer plan |
| 2022-01-01 | Submission has been amended | No |
| 2022-01-01 | This submission is the final filing | No |
| 2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2022-01-01 | Plan is a collectively bargained plan | No |
| 2022-01-01 | Plan funding arrangement – Insurance | Yes |
| 2022-01-01 | Plan funding arrangement – Trust | Yes |
| 2022-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2022-01-01 | Plan benefit arrangement - Trust | Yes |
| TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Policy contract number | 800628000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Policy instance | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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