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INDUSTRIAL CONTROL 401(K) PLAN 401k Plan overview

Plan NameINDUSTRIAL CONTROL 401(K) PLAN
Plan identification number 001

INDUSTRIAL CONTROL 401(K) 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.
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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 CONTROL SERVICE INC. has sponsored the creation of one or more 401k plans.

Company Name:INDUSTRIAL CONTROL SERVICE INC.
Employer identification number (EIN):382210834
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INDUSTRIAL CONTROL 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01KARL ERMATINGER2024-08-16
0012023-01-01KARL ERMATINGER2024-05-20
0012022-01-01KARL ERMATINGER2023-05-16
0012021-01-01KARL ERMATINGER2022-06-25
0012020-01-01KARL ERMATINGER2021-09-24
0012019-01-01

Plan Statistics for INDUSTRIAL CONTROL 401(K) PLAN

401k plan membership statisitcs for INDUSTRIAL CONTROL 401(K) PLAN

Measure Date Value
2024: INDUSTRIAL CONTROL 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-08-1613
Total number of particpants at end of year2024-08-160
Number of Participants With Account Balances2024-08-160
Total number of particpants at beginning of year2024-05-2021
Total number of particpants at end of year2024-05-2013
Number of Participants With Account Balances2024-05-200

Financial Data on INDUSTRIAL CONTROL 401(K) PLAN

Measure Date Value
2024 : INDUSTRIAL CONTROL 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-08-16128444
Net assets as of the end of the plan year2024-08-160
Total assets as of the beginning of the plan year2024-08-16128444
Value of plan covered by a fidelity bond2024-08-1670000
Other contributions to plan in this plan year2024-08-160
Other income to plan in this plan year2024-08-160
Plan net income in this plan year2024-08-16-128444
Net assets as of the end of the plan year2024-08-160
Net assets as of the beginning of the plan year2024-08-16128444
Total transfers to/from plan in this plan year2024-05-200
Total expenses incurred by plan in this plan year2024-05-20797666
Net assets as of the end of the plan year2024-05-20128444
Total assets as of the beginning of the plan year2024-05-20685644
Value of plan covered by a fidelity bond2024-05-2070000
Participant contributions to plan in this plan year2024-05-2063820
Value of participant loans at end of plan year2024-05-2039857
Other contributions to plan in this plan year2024-05-200
Other income to plan in this plan year2024-05-20161211
Plan net income in this plan year2024-05-20-557200
Net assets as of the end of the plan year2024-05-20128444
Net assets as of the beginning of the plan year2024-05-20685644
Value of contributions failed to transmitted timely2024-05-200
Employer contributions to plan in this plan year2024-05-2015435
Fees paid to broker by Benefit Provider2024-05-200
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-20225

Potentially related plans

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