401k Plan data: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN plan

VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 401k Plan overview

Plan Name	VALENCE SURFACE TECHNOLOGIES 401(K) PLAN
Plan identification number	001

VALENCE SURFACE TECHNOLOGIES 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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

VALENCE SURFACE TECHNOLOGIES has sponsored the creation of one or more 401k plans.

Company Name: VALENCE SURFACE TECHNOLOGIES

Employer identification number (EIN): 474359966

NAIC Classification: 339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VALENCE SURFACE TECHNOLOGIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2020-01-01
001 2019-01-01
001 2019-01-01
001 2019-01-01
001 2019-01-01
001 2019-01-01
001 2018-11-01

Plan Statistics for VALENCE SURFACE TECHNOLOGIES 401(K) PLAN

401k plan membership statisitcs for VALENCE SURFACE TECHNOLOGIES 401(K) PLAN

Measure Date Value
2022: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 1,245
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 997
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 323
Total of all active and inactive participants 2022-01-01 1,320
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1
Total participants 2022-01-01 1,321
Number of participants with account balances 2022-01-01 846
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 1,246
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 917
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 299
Total of all active and inactive participants 2021-01-01 1,216
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 1,216
Number of participants with account balances 2021-01-01 745
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 1,292
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 1,008
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 232
Total of all active and inactive participants 2020-01-01 1,240
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 1,240
Number of participants with account balances 2020-01-01 644
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 1,353
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 1,087
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 172
Total of all active and inactive participants 2019-01-01 1,259
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 1,259
Number of participants with account balances 2019-01-01 678
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-11-01 1,254
Total number of active participants reported on line 7a of the Form 5500 2018-11-01 1,260
Number of retired or separated participants receiving benefits 2018-11-01 0
Number of other retired or separated participants entitled to future benefits 2018-11-01 93
Total of all active and inactive participants 2018-11-01 1,353
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-11-01 0
Total participants 2018-11-01 1,353
Number of participants with account balances 2018-11-01 552
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-11-01 0

Measure	Date	Value
2022: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	1,245
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	997
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	323
Total of all active and inactive participants	2022-01-01	1,320
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1
Total participants	2022-01-01	1,321
Number of participants with account balances	2022-01-01	846
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	1,246
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	917
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	299
Total of all active and inactive participants	2021-01-01	1,216
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	1,216
Number of participants with account balances	2021-01-01	745
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	1,292
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	1,008
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	232
Total of all active and inactive participants	2020-01-01	1,240
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	1,240
Number of participants with account balances	2020-01-01	644
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	1,353
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	1,087
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	172
Total of all active and inactive participants	2019-01-01	1,259
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	1,259
Number of participants with account balances	2019-01-01	678
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-11-01	1,254
Total number of active participants reported on line 7a of the Form 5500	2018-11-01	1,260
Number of retired or separated participants receiving benefits	2018-11-01	0
Number of other retired or separated participants entitled to future benefits	2018-11-01	93
Total of all active and inactive participants	2018-11-01	1,353
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-11-01	0
Total participants	2018-11-01	1,353
Number of participants with account balances	2018-11-01	552
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-11-01	0

Financial Data on VALENCE SURFACE TECHNOLOGIES 401(K) PLAN

Measure	Date	Value
2022 : VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-1,356,061
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$2,568,297
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$2,434,891
Expenses. Certain deemed distributions of participant loans	2022-12-31	$9,214
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$2,444,415
Value of total assets at end of year	2022-12-31	$20,954,549
Value of total assets at beginning of year	2022-12-31	$24,878,907
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$124,192
Total interest from all sources	2022-12-31	$47,164
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$393,846
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$393,846
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$1,443,790
Participant contributions at end of year	2022-12-31	$348,050
Participant contributions at beginning of year	2022-12-31	$423,066
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$429,287
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-3,924,358
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$20,954,549
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$24,878,907
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$54,066
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$18,959,333
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$22,797,381
Interest on participant loans	2022-12-31	$19,197
Income. Interest from loans (other than to participants)	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$1,647,166
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$1,658,460
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$1,658,460
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$27,967
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-4,241,486
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$571,338
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$2,434,891
Contract administrator fees	2022-12-31	$70,126
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	MOSS ADAMS
Accountancy firm EIN	2022-12-31	910189318
2021 : VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total transfer of assets to this plan	2021-12-31	$8,421,571
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$4,572,506
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$4,760,161
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$4,612,855
Value of total corrective distributions	2021-12-31	$20,289
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,839,744
Value of total assets at end of year	2021-12-31	$24,878,907
Value of total assets at beginning of year	2021-12-31	$16,644,991
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$127,017
Total interest from all sources	2021-12-31	$23,378
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$369,474
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$369,474
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$1,303,898
Participant contributions at end of year	2021-12-31	$423,066
Participant contributions at beginning of year	2021-12-31	$410,335
Participant contributions at end of year	2021-12-31	$0
Participant contributions at beginning of year	2021-12-31	$14,350
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$535,669
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$-187,655
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$24,878,907
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$16,644,991
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$57,600
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$22,797,381
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$15,760,658
Interest on participant loans	2021-12-31	$22,078
Income. Interest from loans (other than to participants)	2021-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$1,658,460
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$440,208
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$440,208
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$1,300
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$2,339,910
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$177
Employer contributions (assets) at end of year	2021-12-31	$0
Employer contributions (assets) at beginning of year	2021-12-31	$19,440
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$4,612,855
Contract administrator fees	2021-12-31	$69,417
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	MOSS ADAMS
Accountancy firm EIN	2021-12-31	910189318
2020 : VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$3,589,676
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$2,470,608
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$2,380,722
Expenses. Certain deemed distributions of participant loans	2020-12-31	$-2,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,465,457
Value of total assets at end of year	2020-12-31	$16,644,991
Value of total assets at beginning of year	2020-12-31	$15,525,923
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$91,886
Total interest from all sources	2020-12-31	$29,990
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$249,622
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$249,622
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$1,148,506
Participant contributions at end of year	2020-12-31	$410,335
Participant contributions at beginning of year	2020-12-31	$591,578
Participant contributions at end of year	2020-12-31	$14,350
Participant contributions at beginning of year	2020-12-31	$2,585
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$93,670
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$1,119,068
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$16,644,991
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$15,525,923
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$36,449
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$15,760,658
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$14,390,863
Interest on participant loans	2020-12-31	$26,670
Income. Interest from loans (other than to participants)	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$440,208
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$538,476
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$538,476
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$3,320
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$1,844,607
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$223,281
Employer contributions (assets) at end of year	2020-12-31	$19,440
Employer contributions (assets) at beginning of year	2020-12-31	$2,421
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$2,380,722
Contract administrator fees	2020-12-31	$55,437
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	MOSS ADAMS
Accountancy firm EIN	2020-12-31	910189318
2019 : VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$4,708,497
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$1,673,806
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,567,245
Expenses. Certain deemed distributions of participant loans	2019-12-31	$17,006
Value of total corrective distributions	2019-12-31	$5,163
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$2,234,068
Value of total assets at end of year	2019-12-31	$15,525,923
Value of total assets at beginning of year	2019-12-31	$12,491,232
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$84,392
Total interest from all sources	2019-12-31	$46,446
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$326,432
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$326,432
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$1,457,142
Participant contributions at end of year	2019-12-31	$591,578
Participant contributions at beginning of year	2019-12-31	$539,124
Participant contributions at end of year	2019-12-31	$2,585
Participant contributions at beginning of year	2019-12-31	$1,289
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$56,000
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2019-12-31	$11,270
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$3,034,691
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$15,525,923
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$12,491,232
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$30,594
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$14,390,863
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$11,497,054
Interest on participant loans	2019-12-31	$28,215
Income. Interest from loans (other than to participants)	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$538,476
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$452,886
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$452,886
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$18,231
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$2,101,551
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$720,926
Employer contributions (assets) at end of year	2019-12-31	$2,421
Employer contributions (assets) at beginning of year	2019-12-31	$879
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,555,975
Contract administrator fees	2019-12-31	$53,798
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	MOSS ADAMS
Accountancy firm EIN	2019-12-31	910189318
2018 : VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total transfer of assets to this plan	2018-12-31	$11,129,813
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total income from all sources (including contributions)	2018-12-31	$1,361,852
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$433
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,623,644
Value of total assets at end of year	2018-12-31	$12,491,232
Value of total assets at beginning of year	2018-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$433
Total interest from all sources	2018-12-31	$12,133
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$197,877
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$197,877
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$500,000
If this is an individual account plan, was there a blackout period	2018-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$118,779
Participant contributions at end of year	2018-12-31	$539,124
Participant contributions at end of year	2018-12-31	$1,289
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$1,460,090
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$1,361,419
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$12,491,232
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$11,497,054
Interest on participant loans	2018-12-31	$7,573
Income. Interest from loans (other than to participants)	2018-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$452,886
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$4,560
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-471,802
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$44,775
Employer contributions (assets) at end of year	2018-12-31	$879
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$0
Contract administrator fees	2018-12-31	$433
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2018-12-31	Yes
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No

Form 5500 Responses for VALENCE SURFACE TECHNOLOGIES 401(K) PLAN

2022: VALENCE SURFACE TECHNOLOGIES 401(K) 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 – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: VALENCE SURFACE TECHNOLOGIES 401(K) PLAN 2018 form 5500 responses
2018-11-01	Type of plan entity	Single employer plan
2018-11-01	First time form 5500 has been submitted	Yes
2018-11-01	Submission has been amended	No
2018-11-01	This submission is the final filing	No
2018-11-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2018-11-01	Plan is a collectively bargained plan	No
2018-11-01	Plan funding arrangement – Trust	Yes
2018-11-01	Plan benefit arrangement - Trust	Yes

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Company Name:	VALENCE SURFACE TECHNOLOGIES
Employer identification number (EIN):	474359966
NAIC Classification:	339900