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HYDRO SYSTEMS, INC. 401(K) PLAN 401k Plan overview

Plan NameHYDRO SYSTEMS, INC. 401(K) PLAN
Plan identification number 001

HYDRO SYSTEMS, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:HYDRO SYSTEMS, INC.
Employer identification number (EIN):431281451
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HYDRO SYSTEMS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MICHAEL MAASEN2024-05-22
0012022-01-01MICHAEL MAASEN2023-05-04
0012021-01-01DANIELLE THOMAS2022-10-06 MICHAEL MAASEN2022-10-06
0012020-01-01DANIELLE THOMAS2021-10-08 MICHAEL MAASEN2021-10-08
0012019-01-01DANIELLE THOMAS2020-07-14
0012018-01-01MICHAEL MAASEN2019-10-14 DANIELLE THOMAS2019-10-14
0012017-01-01MICHAEL MAASEN2019-01-30
0012016-01-01MICHAEL MAASEN2017-10-12
0012015-01-01MICHAEL MAASEN2016-10-13
0012014-01-01MICHAEL MAASEN2015-10-15

Financial Data on HYDRO SYSTEMS, INC. 401(K) PLAN

Measure Date Value
2025 : HYDRO SYSTEMS, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-05-020
Total liabilities as of the end of the plan year2025-05-020
Total liabilities as of the beginning of the plan year2025-05-020
Total expenses incurred by plan in this plan year2025-05-0222812
Net assets as of the end of the plan year2025-05-02939989
Total assets as of the beginning of the plan year2025-05-02711692
Value of plan covered by a fidelity bond2025-05-02500000
Participant contributions to plan in this plan year2025-05-02103574
Value of participant loans at end of plan year2025-05-0234100
Other expenses paid from plan in this plan year2025-05-020
Other contributions to plan in this plan year2025-05-020
Other income to plan in this plan year2025-05-0299501
Plan net income in this plan year2025-05-02228297
Net assets as of the end of the plan year2025-05-02939989
Net assets as of the beginning of the plan year2025-05-02711692
Employer contributions to plan in this plan year2025-05-0248034
Fees paid to broker by Benefit Provider2025-05-02413
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-0216146
2024 : HYDRO SYSTEMS, INC. 401(K) PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-05-220
Total liabilities as of the beginning of the plan year2024-05-220
Total expenses incurred by plan in this plan year2024-05-2278036
Net assets as of the end of the plan year2024-05-22711692
Total assets as of the beginning of the plan year2024-05-22569055
Value of plan covered by a fidelity bond2024-05-22500000
Participant contributions to plan in this plan year2024-05-2287448
Value of participant loans at end of plan year2024-05-2241706
Other expenses paid from plan in this plan year2024-05-220
Other contributions to plan in this plan year2024-05-220
Other income to plan in this plan year2024-05-2290524
Plan net income in this plan year2024-05-22142637
Net assets as of the end of the plan year2024-05-22711692
Net assets as of the beginning of the plan year2024-05-22569055
Employer contributions to plan in this plan year2024-05-2242701
Fees paid to broker by Benefit Provider2024-05-22630
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-2213202
2022 : HYDRO SYSTEMS, INC. 401(K) PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-10-060
Total liabilities as of the beginning of the plan year2022-10-060
Total expenses incurred by plan in this plan year2022-10-0618836
Net assets as of the end of the plan year2022-10-06596485
Total assets as of the beginning of the plan year2022-10-06450243
Value of plan covered by a fidelity bond2022-10-06100000
Participant contributions to plan in this plan year2022-10-0668129
Other income to plan in this plan year2022-10-0662570
Plan net income in this plan year2022-10-06146242
Net assets as of the end of the plan year2022-10-06596485
Net assets as of the beginning of the plan year2022-10-06450243
Employer contributions to plan in this plan year2022-10-0634379
Fees paid to broker by Benefit Provider2022-10-06259
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-0610488

Potentially related plans

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