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AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 401k Plan overview

Plan NameAIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN
Plan identification number 001

AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING 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.
  • 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

AIR POWER INC. has sponsored the creation of one or more 401k plans.

Company Name:AIR POWER INC.
Employer identification number (EIN):560898308
NAIC Classification:333310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-12-01
0012020-12-01
0012019-12-01
0012018-12-01
0012017-12-01
0012016-12-01ALICE BALL
0012015-12-01ALICE BALL
0012014-12-01ALICE BALL
0012013-12-01ALICE BALL
0012012-12-01ALICE BALL
0012011-12-01ALICE BALL
0012010-12-01ALICE BALL
0012009-12-01ALICE BALL
0012008-12-01

Plan Statistics for AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN

401k plan membership statisitcs for AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Measure Date Value
2021: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-12-01203
Total number of active participants reported on line 7a of the Form 55002021-12-01140
Number of retired or separated participants receiving benefits2021-12-010
Number of other retired or separated participants entitled to future benefits2021-12-0161
Total of all active and inactive participants2021-12-01201
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-12-011
Total participants2021-12-01202
Number of participants with account balances2021-12-01176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-12-010
2020: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-12-01219
Total number of active participants reported on line 7a of the Form 55002020-12-01143
Number of retired or separated participants receiving benefits2020-12-010
Number of other retired or separated participants entitled to future benefits2020-12-0159
Total of all active and inactive participants2020-12-01202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-12-011
Total participants2020-12-01203
Number of participants with account balances2020-12-01173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-12-012
2019: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-12-01193
Total number of active participants reported on line 7a of the Form 55002019-12-01177
Number of retired or separated participants receiving benefits2019-12-010
Number of other retired or separated participants entitled to future benefits2019-12-0142
Total of all active and inactive participants2019-12-01219
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-12-010
Total participants2019-12-01219
Number of participants with account balances2019-12-01176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-12-011
2018: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-12-01193
Total number of active participants reported on line 7a of the Form 55002018-12-01161
Number of retired or separated participants receiving benefits2018-12-010
Number of other retired or separated participants entitled to future benefits2018-12-0131
Total of all active and inactive participants2018-12-01192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-12-011
Total participants2018-12-01193
Number of participants with account balances2018-12-01140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-12-011
2017: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-12-01155
Total number of active participants reported on line 7a of the Form 55002017-12-01151
Number of retired or separated participants receiving benefits2017-12-010
Number of other retired or separated participants entitled to future benefits2017-12-0141
Total of all active and inactive participants2017-12-01192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-12-011
Total participants2017-12-01193
Number of participants with account balances2017-12-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-12-015
2016: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-12-01155
Total number of active participants reported on line 7a of the Form 55002016-12-01131
Number of retired or separated participants receiving benefits2016-12-010
Number of other retired or separated participants entitled to future benefits2016-12-0121
Total of all active and inactive participants2016-12-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-12-011
Total participants2016-12-01153
Number of participants with account balances2016-12-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-12-015
2015: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-12-01154
Total number of active participants reported on line 7a of the Form 55002015-12-01138
Number of retired or separated participants receiving benefits2015-12-010
Number of other retired or separated participants entitled to future benefits2015-12-0114
Total of all active and inactive participants2015-12-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-12-010
Total participants2015-12-01152
Number of participants with account balances2015-12-01112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-12-010
2014: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-12-01156
Total number of active participants reported on line 7a of the Form 55002014-12-01135
Number of retired or separated participants receiving benefits2014-12-010
Number of other retired or separated participants entitled to future benefits2014-12-0117
Total of all active and inactive participants2014-12-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-12-010
Total participants2014-12-01152
Number of participants with account balances2014-12-01110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-12-011
2013: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-12-01154
Total number of active participants reported on line 7a of the Form 55002013-12-01127
Number of retired or separated participants receiving benefits2013-12-010
Number of other retired or separated participants entitled to future benefits2013-12-0122
Total of all active and inactive participants2013-12-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-12-010
Total participants2013-12-01149
Number of participants with account balances2013-12-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-12-017
2012: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-12-01136
Total number of active participants reported on line 7a of the Form 55002012-12-01134
Number of retired or separated participants receiving benefits2012-12-010
Number of other retired or separated participants entitled to future benefits2012-12-0116
Total of all active and inactive participants2012-12-01150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-12-010
Total participants2012-12-01150
Number of participants with account balances2012-12-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-12-011
2011: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-12-01131
Total number of active participants reported on line 7a of the Form 55002011-12-01114
Number of retired or separated participants receiving benefits2011-12-010
Number of other retired or separated participants entitled to future benefits2011-12-0116
Total of all active and inactive participants2011-12-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-12-011
Total participants2011-12-01131
Number of participants with account balances2011-12-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-12-010
2010: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-12-01130
Total number of active participants reported on line 7a of the Form 55002010-12-01112
Number of retired or separated participants receiving benefits2010-12-010
Number of other retired or separated participants entitled to future benefits2010-12-0119
Total of all active and inactive participants2010-12-01131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-12-010
Total participants2010-12-01131
Number of participants with account balances2010-12-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-12-010
2009: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-12-01132
Total number of active participants reported on line 7a of the Form 55002009-12-01110
Number of retired or separated participants receiving benefits2009-12-010
Number of other retired or separated participants entitled to future benefits2009-12-0117
Total of all active and inactive participants2009-12-01127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-12-010
Total participants2009-12-01127
Number of participants with account balances2009-12-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-12-011

Financial Data on AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Measure Date Value
2022 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-11-30$0
Total income from all sources (including contributions)2022-11-30$-1,528,016
Total loss/gain on sale of assets2022-11-30$0
Total of all expenses incurred2022-11-30$2,772,160
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-11-30$2,691,053
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-11-30$864,883
Value of total assets at end of year2022-11-30$17,782,932
Value of total assets at beginning of year2022-11-30$22,083,108
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-11-30$81,107
Total interest from all sources2022-11-30$0
Total dividends received (eg from common stock, registered investment company shares)2022-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-11-30No
Administrative expenses professional fees incurred2022-11-30$25,628
Was this plan covered by a fidelity bond2022-11-30Yes
Value of fidelity bond cover2022-11-30$500,000
If this is an individual account plan, was there a blackout period2022-11-30No
Were there any nonexempt tranactions with any party-in-interest2022-11-30No
Contributions received from participants2022-11-30$572,511
Participant contributions at end of year2022-11-30$0
Participant contributions at beginning of year2022-11-30$0
Other income not declared elsewhere2022-11-30$3,489
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-11-30No
Value of net income/loss2022-11-30$-4,300,176
Value of net assets at end of year (total assets less liabilities)2022-11-30$17,782,932
Value of net assets at beginning of year (total assets less liabilities)2022-11-30$22,083,108
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2022-11-30No
Were any leases to which the plan was party in default or uncollectible2022-11-30No
Investment advisory and management fees2022-11-30$55,479
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-11-30$16,890,170
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-11-30$20,207,811
Value of interest in common/collective trusts at end of year2022-11-30$892,762
Value of interest in common/collective trusts at beginning of year2022-11-30$1,875,297
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-11-30$-2,414,559
Net investment gain or loss from common/collective trusts2022-11-30$18,171
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-11-30No
Was there a failure to transmit to the plan any participant contributions2022-11-30Yes
Has the plan failed to provide any benefit when due under the plan2022-11-30No
Contributions received in cash from employer2022-11-30$292,372
Employer contributions (assets) at end of year2022-11-30$0
Employer contributions (assets) at beginning of year2022-11-30$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-11-30$2,691,053
Did the plan have assets held for investment2022-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-11-30No
Opinion of an independent qualified public accountant for this plan2022-11-30Unqualified
Accountancy firm name2022-11-30DODSON, SHELTON, & NELSON, P.A.
Accountancy firm EIN2022-11-30561684013
2020 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-11-30$0
Total income from all sources (including contributions)2020-11-30$3,307,484
Total loss/gain on sale of assets2020-11-30$0
Total of all expenses incurred2020-11-30$2,192,292
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-11-30$2,113,836
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-11-30$811,723
Value of total assets at end of year2020-11-30$18,944,469
Value of total assets at beginning of year2020-11-30$17,829,277
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-11-30$78,456
Total interest from all sources2020-11-30$0
Total dividends received (eg from common stock, registered investment company shares)2020-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-11-30No
Administrative expenses professional fees incurred2020-11-30$27,108
Was this plan covered by a fidelity bond2020-11-30Yes
Value of fidelity bond cover2020-11-30$500,000
If this is an individual account plan, was there a blackout period2020-11-30No
Were there any nonexempt tranactions with any party-in-interest2020-11-30No
Contributions received from participants2020-11-30$543,278
Participant contributions at end of year2020-11-30$0
Participant contributions at beginning of year2020-11-30$64,282
Income. Received or receivable in cash from other sources (including rollovers)2020-11-30$19,452
Other income not declared elsewhere2020-11-30$5,886
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-11-30No
Value of net income/loss2020-11-30$1,115,192
Value of net assets at end of year (total assets less liabilities)2020-11-30$18,944,469
Value of net assets at beginning of year (total assets less liabilities)2020-11-30$17,829,277
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2020-11-30No
Were any leases to which the plan was party in default or uncollectible2020-11-30No
Investment advisory and management fees2020-11-30$51,348
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-11-30$17,691,037
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-11-30$16,267,612
Value of interest in common/collective trusts at end of year2020-11-30$1,252,855
Value of interest in common/collective trusts at beginning of year2020-11-30$1,470,846
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-11-30$2,462,957
Net investment gain or loss from common/collective trusts2020-11-30$26,918
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-11-30No
Was there a failure to transmit to the plan any participant contributions2020-11-30Yes
Has the plan failed to provide any benefit when due under the plan2020-11-30No
Contributions received in cash from employer2020-11-30$248,993
Employer contributions (assets) at end of year2020-11-30$577
Employer contributions (assets) at beginning of year2020-11-30$26,537
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-11-30$2,113,836
Did the plan have assets held for investment2020-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-11-30Yes
Opinion of an independent qualified public accountant for this plan2020-11-30Disclaimer
Accountancy firm name2020-11-30SHARRARD, MCGEE AND CO., P.A.
Accountancy firm EIN2020-11-30561146197
2019 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-11-30$0
Total income from all sources (including contributions)2019-11-30$2,717,405
Total loss/gain on sale of assets2019-11-30$0
Total of all expenses incurred2019-11-30$858,978
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-11-30$782,340
Value of total corrective distributions2019-11-30$10,419
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-11-30$791,013
Value of total assets at end of year2019-11-30$17,829,277
Value of total assets at beginning of year2019-11-30$15,970,850
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-11-30$66,219
Total interest from all sources2019-11-30$0
Total dividends received (eg from common stock, registered investment company shares)2019-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-11-30No
Administrative expenses professional fees incurred2019-11-30$15,922
Was this plan covered by a fidelity bond2019-11-30Yes
Value of fidelity bond cover2019-11-30$500,000
If this is an individual account plan, was there a blackout period2019-11-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-11-30$0
Were there any nonexempt tranactions with any party-in-interest2019-11-30No
Contributions received from participants2019-11-30$536,296
Participant contributions at end of year2019-11-30$64,282
Participant contributions at beginning of year2019-11-30$31,931
Other income not declared elsewhere2019-11-30$5,963
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-11-30No
Value of net income/loss2019-11-30$1,858,427
Value of net assets at end of year (total assets less liabilities)2019-11-30$17,829,277
Value of net assets at beginning of year (total assets less liabilities)2019-11-30$15,970,850
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2019-11-30No
Were any leases to which the plan was party in default or uncollectible2019-11-30No
Investment advisory and management fees2019-11-30$50,297
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-11-30$16,267,612
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-11-30$14,400,324
Value of interest in common/collective trusts at end of year2019-11-30$1,470,846
Value of interest in common/collective trusts at beginning of year2019-11-30$1,527,513
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-11-30$1,889,744
Net investment gain or loss from common/collective trusts2019-11-30$30,685
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-11-30No
Was there a failure to transmit to the plan any participant contributions2019-11-30Yes
Has the plan failed to provide any benefit when due under the plan2019-11-30No
Contributions received in cash from employer2019-11-30$254,717
Employer contributions (assets) at end of year2019-11-30$26,537
Employer contributions (assets) at beginning of year2019-11-30$11,082
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-11-30$782,340
Did the plan have assets held for investment2019-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-11-30Yes
Opinion of an independent qualified public accountant for this plan2019-11-30Disclaimer
Accountancy firm name2019-11-30SHARRARD, MCGEE & CO., P.A.
Accountancy firm EIN2019-11-30561146197
2018 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-11-30$0
Total income from all sources (including contributions)2018-11-30$937,127
Total loss/gain on sale of assets2018-11-30$0
Total of all expenses incurred2018-11-30$1,873,502
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-11-30$1,796,446
Value of total corrective distributions2018-11-30$3,338
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-11-30$631,636
Value of total assets at end of year2018-11-30$15,970,850
Value of total assets at beginning of year2018-11-30$16,907,225
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-11-30$73,718
Total interest from all sources2018-11-30$0
Total dividends received (eg from common stock, registered investment company shares)2018-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-11-30No
Administrative expenses professional fees incurred2018-11-30$21,002
Was this plan covered by a fidelity bond2018-11-30Yes
Value of fidelity bond cover2018-11-30$500,000
If this is an individual account plan, was there a blackout period2018-11-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-11-30$0
Were there any nonexempt tranactions with any party-in-interest2018-11-30No
Contributions received from participants2018-11-30$472,576
Participant contributions at end of year2018-11-30$31,931
Participant contributions at beginning of year2018-11-30$0
Income. Received or receivable in cash from other sources (including rollovers)2018-11-30$227
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-11-30$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-11-30$136
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-11-30No
Value of net income/loss2018-11-30$-936,375
Value of net assets at end of year (total assets less liabilities)2018-11-30$15,970,850
Value of net assets at beginning of year (total assets less liabilities)2018-11-30$16,907,225
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2018-11-30No
Were any leases to which the plan was party in default or uncollectible2018-11-30No
Investment advisory and management fees2018-11-30$52,716
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-11-30$14,400,324
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-11-30$15,590,692
Value of interest in common/collective trusts at end of year2018-11-30$1,527,513
Value of interest in common/collective trusts at beginning of year2018-11-30$1,316,397
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-11-30$284,633
Net investment gain or loss from common/collective trusts2018-11-30$20,858
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-11-30No
Was there a failure to transmit to the plan any participant contributions2018-11-30Yes
Has the plan failed to provide any benefit when due under the plan2018-11-30No
Contributions received in cash from employer2018-11-30$158,833
Employer contributions (assets) at end of year2018-11-30$11,082
Employer contributions (assets) at beginning of year2018-11-30$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-11-30$1,796,446
Did the plan have assets held for investment2018-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-11-30Yes
Opinion of an independent qualified public accountant for this plan2018-11-30Disclaimer
Accountancy firm name2018-11-30SHARRARD, MCGEE & CO., P.A.
Accountancy firm EIN2018-11-30561146197
2017 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-11-30$0
Total income from all sources (including contributions)2017-11-30$4,437,803
Total loss/gain on sale of assets2017-11-30$0
Total of all expenses incurred2017-11-30$2,318,129
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-11-30$2,240,219
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-11-30$1,943,650
Value of total assets at end of year2017-11-30$16,907,225
Value of total assets at beginning of year2017-11-30$14,787,551
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-11-30$77,910
Total interest from all sources2017-11-30$70
Total dividends received (eg from common stock, registered investment company shares)2017-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-11-30No
Administrative expenses professional fees incurred2017-11-30$19,185
Was this plan covered by a fidelity bond2017-11-30Yes
Value of fidelity bond cover2017-11-30$500,000
If this is an individual account plan, was there a blackout period2017-11-30No
Were there any nonexempt tranactions with any party-in-interest2017-11-30No
Contributions received from participants2017-11-30$430,248
Participant contributions at end of year2017-11-30$0
Participant contributions at beginning of year2017-11-30$0
Income. Received or receivable in cash from other sources (including rollovers)2017-11-30$1,364,640
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-11-30$136
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-11-30$0
Other income not declared elsewhere2017-11-30$6,076
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-11-30No
Value of net income/loss2017-11-30$2,119,674
Value of net assets at end of year (total assets less liabilities)2017-11-30$16,907,225
Value of net assets at beginning of year (total assets less liabilities)2017-11-30$14,787,551
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2017-11-30No
Were any leases to which the plan was party in default or uncollectible2017-11-30No
Investment advisory and management fees2017-11-30$58,725
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-11-30$15,590,692
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-11-30$13,165,071
Value of interest in common/collective trusts at end of year2017-11-30$1,316,397
Value of interest in common/collective trusts at beginning of year2017-11-30$1,502,057
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-11-30$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-11-30$120,423
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-11-30$120,423
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-11-30$70
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-11-30$2,466,944
Net investment gain or loss from common/collective trusts2017-11-30$21,063
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-11-30No
Was there a failure to transmit to the plan any participant contributions2017-11-30Yes
Has the plan failed to provide any benefit when due under the plan2017-11-30No
Contributions received in cash from employer2017-11-30$148,762
Employer contributions (assets) at end of year2017-11-30$0
Employer contributions (assets) at beginning of year2017-11-30$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-11-30$2,240,219
Did the plan have assets held for investment2017-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-11-30Yes
Opinion of an independent qualified public accountant for this plan2017-11-30Disclaimer
Accountancy firm name2017-11-30SHARRARD, MCGEE & CO., P.A.
Accountancy firm EIN2017-11-30561146197
2016 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-11-30$0
Total income from all sources (including contributions)2016-11-30$1,234,633
Total loss/gain on sale of assets2016-11-30$0
Total of all expenses incurred2016-11-30$446,061
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-11-30$371,794
Value of total corrective distributions2016-11-30$201
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-11-30$517,578
Value of total assets at end of year2016-11-30$14,787,551
Value of total assets at beginning of year2016-11-30$13,998,979
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-11-30$74,066
Total interest from all sources2016-11-30$529
Total dividends received (eg from common stock, registered investment company shares)2016-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-11-30No
Administrative expenses professional fees incurred2016-11-30$18,695
Was this plan covered by a fidelity bond2016-11-30Yes
Value of fidelity bond cover2016-11-30$500,000
If this is an individual account plan, was there a blackout period2016-11-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-11-30$0
Were there any nonexempt tranactions with any party-in-interest2016-11-30No
Contributions received from participants2016-11-30$379,425
Participant contributions at end of year2016-11-30$0
Participant contributions at beginning of year2016-11-30$11,142
Other income not declared elsewhere2016-11-30$2,925
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-11-30No
Value of net income/loss2016-11-30$788,572
Value of net assets at end of year (total assets less liabilities)2016-11-30$14,787,551
Value of net assets at beginning of year (total assets less liabilities)2016-11-30$13,998,979
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2016-11-30No
Were any leases to which the plan was party in default or uncollectible2016-11-30No
Investment advisory and management fees2016-11-30$55,371
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-11-30$13,165,071
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-11-30$12,894,992
Value of interest in common/collective trusts at end of year2016-11-30$1,502,057
Value of interest in common/collective trusts at beginning of year2016-11-30$972,193
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-11-30$120,423
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-11-30$116,645
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-11-30$116,645
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-11-30$529
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-11-30$698,344
Net investment gain or loss from common/collective trusts2016-11-30$15,257
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-11-30No
Was there a failure to transmit to the plan any participant contributions2016-11-30Yes
Has the plan failed to provide any benefit when due under the plan2016-11-30No
Contributions received in cash from employer2016-11-30$138,153
Employer contributions (assets) at end of year2016-11-30$0
Employer contributions (assets) at beginning of year2016-11-30$4,007
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-11-30$371,794
Did the plan have assets held for investment2016-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-11-30Yes
Opinion of an independent qualified public accountant for this plan2016-11-30Disclaimer
Accountancy firm name2016-11-30SHARRARD, MCGEE & CO., P.A.
Accountancy firm EIN2016-11-30561146197
2015 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-11-30$0
Total income from all sources (including contributions)2015-11-30$644,495
Total loss/gain on sale of assets2015-11-30$0
Total of all expenses incurred2015-11-30$975,868
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-11-30$901,359
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-11-30$496,864
Value of total assets at end of year2015-11-30$13,998,979
Value of total assets at beginning of year2015-11-30$14,330,352
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-11-30$74,509
Total interest from all sources2015-11-30$40
Total dividends received (eg from common stock, registered investment company shares)2015-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-11-30No
Administrative expenses professional fees incurred2015-11-30$19,732
Was this plan covered by a fidelity bond2015-11-30Yes
Value of fidelity bond cover2015-11-30$500,000
If this is an individual account plan, was there a blackout period2015-11-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-11-30$0
Were there any nonexempt tranactions with any party-in-interest2015-11-30No
Contributions received from participants2015-11-30$336,653
Participant contributions at end of year2015-11-30$11,142
Participant contributions at beginning of year2015-11-30$9,499
Income. Received or receivable in cash from other sources (including rollovers)2015-11-30$33,090
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-11-30$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-11-30$3,102
Other income not declared elsewhere2015-11-30$5,918
Administrative expenses (other) incurred2015-11-30$2
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-11-30No
Value of net income/loss2015-11-30$-331,373
Value of net assets at end of year (total assets less liabilities)2015-11-30$13,998,979
Value of net assets at beginning of year (total assets less liabilities)2015-11-30$14,330,352
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2015-11-30No
Were any leases to which the plan was party in default or uncollectible2015-11-30No
Investment advisory and management fees2015-11-30$54,775
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-11-30$12,894,992
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-11-30$13,112,707
Value of interest in common/collective trusts at end of year2015-11-30$972,193
Value of interest in common/collective trusts at beginning of year2015-11-30$1,088,324
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-11-30$116,645
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-11-30$113,379
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-11-30$113,379
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-11-30$40
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-11-30$131,819
Net investment gain or loss from common/collective trusts2015-11-30$9,854
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-11-30No
Was there a failure to transmit to the plan any participant contributions2015-11-30Yes
Has the plan failed to provide any benefit when due under the plan2015-11-30No
Contributions received in cash from employer2015-11-30$127,121
Employer contributions (assets) at end of year2015-11-30$4,007
Employer contributions (assets) at beginning of year2015-11-30$3,341
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-11-30$901,359
Did the plan have assets held for investment2015-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-11-30Yes
Opinion of an independent qualified public accountant for this plan2015-11-30Disclaimer
Accountancy firm name2015-11-30SHARRARD, MCGEE & CO., P.A.
Accountancy firm EIN2015-11-30561146197
2014 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-11-30$0
Total income from all sources (including contributions)2014-11-30$1,673,274
Total loss/gain on sale of assets2014-11-30$0
Total of all expenses incurred2014-11-30$424,098
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-11-30$352,383
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-11-30$422,691
Value of total assets at end of year2014-11-30$14,330,352
Value of total assets at beginning of year2014-11-30$13,081,176
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-11-30$71,715
Total interest from all sources2014-11-30$1
Total dividends received (eg from common stock, registered investment company shares)2014-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-11-30No
Administrative expenses professional fees incurred2014-11-30$17,684
Was this plan covered by a fidelity bond2014-11-30Yes
Value of fidelity bond cover2014-11-30$500,000
If this is an individual account plan, was there a blackout period2014-11-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-11-30$0
Were there any nonexempt tranactions with any party-in-interest2014-11-30No
Contributions received from participants2014-11-30$302,297
Participant contributions at end of year2014-11-30$9,499
Participant contributions at beginning of year2014-11-30$24,552
Income. Received or receivable in cash from other sources (including rollovers)2014-11-30$4,842
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-11-30$3,102
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-11-30$3,527
Other income not declared elsewhere2014-11-30$6,948
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-11-30No
Value of net income/loss2014-11-30$1,249,176
Value of net assets at end of year (total assets less liabilities)2014-11-30$14,330,352
Value of net assets at beginning of year (total assets less liabilities)2014-11-30$13,081,176
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2014-11-30No
Were any leases to which the plan was party in default or uncollectible2014-11-30No
Investment advisory and management fees2014-11-30$54,031
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-11-30$13,112,707
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-11-30$11,913,499
Value of interest in common/collective trusts at end of year2014-11-30$1,088,324
Value of interest in common/collective trusts at beginning of year2014-11-30$1,130,250
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-11-30$113,379
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-11-30$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-11-30$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-11-30$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-11-30$1,233,112
Net investment gain or loss from common/collective trusts2014-11-30$10,522
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-11-30No
Was there a failure to transmit to the plan any participant contributions2014-11-30Yes
Has the plan failed to provide any benefit when due under the plan2014-11-30No
Contributions received in cash from employer2014-11-30$115,552
Employer contributions (assets) at end of year2014-11-30$3,341
Employer contributions (assets) at beginning of year2014-11-30$9,348
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-11-30$352,383
Did the plan have assets held for investment2014-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-11-30Yes
Opinion of an independent qualified public accountant for this plan2014-11-30Disclaimer
Accountancy firm name2014-11-30SHARRARD, MCGEE & CO., P.A.
Accountancy firm EIN2014-11-30561146197
2013 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-11-30$0
Total income from all sources (including contributions)2013-11-30$2,764,316
Total loss/gain on sale of assets2013-11-30$0
Total of all expenses incurred2013-11-30$1,102,479
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-11-30$1,032,608
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-11-30$418,177
Value of total assets at end of year2013-11-30$13,081,176
Value of total assets at beginning of year2013-11-30$11,419,339
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-11-30$69,871
Total interest from all sources2013-11-30$0
Total dividends received (eg from common stock, registered investment company shares)2013-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-11-30No
Administrative expenses professional fees incurred2013-11-30$19,158
Was this plan covered by a fidelity bond2013-11-30Yes
Value of fidelity bond cover2013-11-30$500,000
If this is an individual account plan, was there a blackout period2013-11-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-11-30$0
Were there any nonexempt tranactions with any party-in-interest2013-11-30No
Contributions received from participants2013-11-30$303,162
Participant contributions at end of year2013-11-30$24,552
Participant contributions at beginning of year2013-11-30$23,539
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-11-30$3,527
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-11-30$0
Other income not declared elsewhere2013-11-30$64,067
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-11-30No
Value of net income/loss2013-11-30$1,661,837
Value of net assets at end of year (total assets less liabilities)2013-11-30$13,081,176
Value of net assets at beginning of year (total assets less liabilities)2013-11-30$11,419,339
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2013-11-30No
Were any leases to which the plan was party in default or uncollectible2013-11-30No
Investment advisory and management fees2013-11-30$50,713
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-11-30$11,913,499
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-11-30$9,836,742
Value of interest in common/collective trusts at end of year2013-11-30$1,130,250
Value of interest in common/collective trusts at beginning of year2013-11-30$1,056,490
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-11-30$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-11-30$493,832
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-11-30$493,832
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-11-30$2,271,359
Net investment gain or loss from common/collective trusts2013-11-30$10,713
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-11-30No
Was there a failure to transmit to the plan any participant contributions2013-11-30Yes
Has the plan failed to provide any benefit when due under the plan2013-11-30No
Contributions received in cash from employer2013-11-30$115,015
Employer contributions (assets) at end of year2013-11-30$9,348
Employer contributions (assets) at beginning of year2013-11-30$8,736
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-11-30$1,032,608
Did the plan have assets held for investment2013-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-11-30Yes
Opinion of an independent qualified public accountant for this plan2013-11-30Disclaimer
Accountancy firm name2013-11-30SHARRARD, MCGEE & CO., P.A.
Accountancy firm EIN2013-11-30561146197
2012 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-11-30$0
Total income from all sources (including contributions)2012-11-30$1,498,058
Total loss/gain on sale of assets2012-11-30$0
Total of all expenses incurred2012-11-30$508,792
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-11-30$441,237
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-11-30$318,997
Value of total assets at end of year2012-11-30$11,419,339
Value of total assets at beginning of year2012-11-30$10,430,073
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-11-30$67,555
Total interest from all sources2012-11-30$0
Total dividends received (eg from common stock, registered investment company shares)2012-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-11-30No
Administrative expenses professional fees incurred2012-11-30$17,751
Was this plan covered by a fidelity bond2012-11-30Yes
Value of fidelity bond cover2012-11-30$500,000
If this is an individual account plan, was there a blackout period2012-11-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-11-30$0
Were there any nonexempt tranactions with any party-in-interest2012-11-30No
Contributions received from participants2012-11-30$282,536
Participant contributions at end of year2012-11-30$23,539
Participant contributions at beginning of year2012-11-30$19,126
Other income not declared elsewhere2012-11-30$59,007
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-11-30No
Value of net income/loss2012-11-30$989,266
Value of net assets at end of year (total assets less liabilities)2012-11-30$11,419,339
Value of net assets at beginning of year (total assets less liabilities)2012-11-30$10,430,073
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2012-11-30No
Were any leases to which the plan was party in default or uncollectible2012-11-30No
Investment advisory and management fees2012-11-30$49,804
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-11-30$9,836,742
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-11-30$8,909,134
Value of interest in common/collective trusts at end of year2012-11-30$1,056,490
Value of interest in common/collective trusts at beginning of year2012-11-30$1,011,734
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-11-30$493,832
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-11-30$490,079
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-11-30$490,079
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-11-30$1,105,089
Net investment gain or loss from common/collective trusts2012-11-30$14,965
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-11-30No
Was there a failure to transmit to the plan any participant contributions2012-11-30Yes
Has the plan failed to provide any benefit when due under the plan2012-11-30No
Contributions received in cash from employer2012-11-30$36,461
Employer contributions (assets) at end of year2012-11-30$8,736
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-11-30$441,237
Did the plan have assets held for investment2012-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-11-30Yes
Opinion of an independent qualified public accountant for this plan2012-11-30Disclaimer
Accountancy firm name2012-11-30SHARRARD, MCGEE & CO., P.A.
Accountancy firm EIN2012-11-30561146197
2011 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-11-30$0
Total income from all sources (including contributions)2011-11-30$611,994
Total loss/gain on sale of assets2011-11-30$0
Total of all expenses incurred2011-11-30$679,647
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-11-30$609,638
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-11-30$256,882
Value of total assets at end of year2011-11-30$10,430,073
Value of total assets at beginning of year2011-11-30$10,497,726
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-11-30$70,009
Total interest from all sources2011-11-30$0
Total dividends received (eg from common stock, registered investment company shares)2011-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-11-30No
Was this plan covered by a fidelity bond2011-11-30Yes
Value of fidelity bond cover2011-11-30$500,000
If this is an individual account plan, was there a blackout period2011-11-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-11-30$0
Were there any nonexempt tranactions with any party-in-interest2011-11-30No
Contributions received from participants2011-11-30$256,882
Participant contributions at end of year2011-11-30$19,126
Participant contributions at beginning of year2011-11-30$17,918
Other income not declared elsewhere2011-11-30$65,793
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-11-30No
Value of net income/loss2011-11-30$-67,653
Value of net assets at end of year (total assets less liabilities)2011-11-30$10,430,073
Value of net assets at beginning of year (total assets less liabilities)2011-11-30$10,497,726
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2011-11-30No
Were any leases to which the plan was party in default or uncollectible2011-11-30No
Investment advisory and management fees2011-11-30$52,249
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-11-30$8,909,134
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-11-30$8,912,793
Value of interest in common/collective trusts at end of year2011-11-30$1,011,734
Value of interest in common/collective trusts at beginning of year2011-11-30$1,122,011
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-11-30$490,079
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-11-30$445,004
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-11-30$445,004
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-11-30$267,670
Net investment gain or loss from common/collective trusts2011-11-30$21,649
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-11-30No
Was there a failure to transmit to the plan any participant contributions2011-11-30No
Has the plan failed to provide any benefit when due under the plan2011-11-30No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-11-30$609,638
Contract administrator fees2011-11-30$17,760
Did the plan have assets held for investment2011-11-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-11-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-11-30Yes
Opinion of an independent qualified public accountant for this plan2011-11-30Disclaimer
Accountancy firm name2011-11-30SHARRARD, MCGEE & CO., P.A.
Accountancy firm EIN2011-11-30561146197
2010 : AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-11-30$0

Form 5500 Responses for AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN

2021: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2021 form 5500 responses
2021-12-01Type of plan entityMulitple employer plan
2021-12-01Submission has been amendedNo
2021-12-01This submission is the final filingNo
2021-12-01This return/report is a short plan year return/report (less than 12 months)No
2021-12-01Plan is a collectively bargained planNo
2021-12-01Plan funding arrangement – TrustYes
2021-12-01Plan benefit arrangement - TrustYes
2020: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2020 form 5500 responses
2020-12-01Type of plan entityMulitple employer plan
2020-12-01Submission has been amendedNo
2020-12-01This submission is the final filingNo
2020-12-01This return/report is a short plan year return/report (less than 12 months)No
2020-12-01Plan is a collectively bargained planNo
2020-12-01Plan funding arrangement – TrustYes
2020-12-01Plan benefit arrangement - TrustYes
2019: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2019 form 5500 responses
2019-12-01Type of plan entitySingle employer plan
2019-12-01Submission has been amendedNo
2019-12-01This submission is the final filingNo
2019-12-01This return/report is a short plan year return/report (less than 12 months)No
2019-12-01Plan is a collectively bargained planNo
2019-12-01Plan funding arrangement – TrustYes
2019-12-01Plan benefit arrangement - TrustYes
2018: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2018 form 5500 responses
2018-12-01Type of plan entitySingle employer plan
2018-12-01Submission has been amendedNo
2018-12-01This submission is the final filingNo
2018-12-01This return/report is a short plan year return/report (less than 12 months)No
2018-12-01Plan is a collectively bargained planNo
2018-12-01Plan funding arrangement – TrustYes
2018-12-01Plan benefit arrangement - TrustYes
2017: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2017 form 5500 responses
2017-12-01Type of plan entitySingle employer plan
2017-12-01Submission has been amendedNo
2017-12-01This submission is the final filingNo
2017-12-01This return/report is a short plan year return/report (less than 12 months)No
2017-12-01Plan is a collectively bargained planNo
2017-12-01Plan funding arrangement – TrustYes
2017-12-01Plan benefit arrangement - TrustYes
2016: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2016 form 5500 responses
2016-12-01Type of plan entitySingle employer plan
2016-12-01Submission has been amendedNo
2016-12-01This submission is the final filingNo
2016-12-01This return/report is a short plan year return/report (less than 12 months)No
2016-12-01Plan is a collectively bargained planNo
2016-12-01Plan funding arrangement – TrustYes
2016-12-01Plan benefit arrangement - TrustYes
2015: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2015 form 5500 responses
2015-12-01Type of plan entitySingle employer plan
2015-12-01Submission has been amendedNo
2015-12-01This submission is the final filingNo
2015-12-01This return/report is a short plan year return/report (less than 12 months)No
2015-12-01Plan is a collectively bargained planNo
2015-12-01Plan funding arrangement – TrustYes
2015-12-01Plan benefit arrangement - TrustYes
2014: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2014 form 5500 responses
2014-12-01Type of plan entitySingle employer plan
2014-12-01Submission has been amendedNo
2014-12-01This submission is the final filingNo
2014-12-01This return/report is a short plan year return/report (less than 12 months)No
2014-12-01Plan is a collectively bargained planNo
2014-12-01Plan funding arrangement – TrustYes
2014-12-01Plan benefit arrangement - TrustYes
2013: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2013 form 5500 responses
2013-12-01Type of plan entitySingle employer plan
2013-12-01Submission has been amendedNo
2013-12-01This submission is the final filingNo
2013-12-01This return/report is a short plan year return/report (less than 12 months)No
2013-12-01Plan is a collectively bargained planNo
2013-12-01Plan funding arrangement – TrustYes
2013-12-01Plan benefit arrangement - TrustYes
2012: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2012 form 5500 responses
2012-12-01Type of plan entitySingle employer plan
2012-12-01Submission has been amendedNo
2012-12-01This submission is the final filingNo
2012-12-01This return/report is a short plan year return/report (less than 12 months)No
2012-12-01Plan is a collectively bargained planNo
2012-12-01Plan funding arrangement – TrustYes
2012-12-01Plan benefit arrangement - TrustYes
2011: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2011 form 5500 responses
2011-12-01Type of plan entitySingle employer plan
2011-12-01Submission has been amendedNo
2011-12-01This submission is the final filingNo
2011-12-01This return/report is a short plan year return/report (less than 12 months)No
2011-12-01Plan is a collectively bargained planNo
2011-12-01Plan funding arrangement – TrustYes
2011-12-01Plan benefit arrangement - TrustYes
2010: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2010 form 5500 responses
2010-12-01Type of plan entitySingle employer plan
2010-12-01Submission has been amendedNo
2010-12-01This submission is the final filingNo
2010-12-01This return/report is a short plan year return/report (less than 12 months)No
2010-12-01Plan is a collectively bargained planNo
2010-12-01Plan funding arrangement – TrustYes
2010-12-01Plan benefit arrangement - TrustYes
2009: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2009 form 5500 responses
2009-12-01Type of plan entitySingle employer plan
2009-12-01Submission has been amendedNo
2009-12-01This submission is the final filingNo
2009-12-01This return/report is a short plan year return/report (less than 12 months)No
2009-12-01Plan is a collectively bargained planNo
2009-12-01Plan funding arrangement – TrustYes
2009-12-01Plan benefit arrangement - TrustYes
2008: AIR POWER, INC. AND PRODUCTION SYSTEMS, INC. RETIREMENT SAVINGS AND PROFIT SHARING PLAN 2008 form 5500 responses
2008-12-01Type of plan entitySingle employer plan
2008-12-01Submission has been amendedNo
2008-12-01This submission is the final filingNo
2008-12-01This return/report is a short plan year return/report (less than 12 months)No
2008-12-01Plan is a collectively bargained planNo

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