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CAROLINA PRECISION COMPONENTS INC 401K PLAN 401k Plan overview

Plan NameCAROLINA PRECISION COMPONENTS INC 401K PLAN
Plan identification number 001

CAROLINA PRECISION COMPONENTS INC 401K 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CAROLINA PRECISION COMPONENTS INC has sponsored the creation of one or more 401k plans.

Company Name:CAROLINA PRECISION COMPONENTS INC
Employer identification number (EIN):561918767
NAIC Classification:332700

Additional information about CAROLINA PRECISION COMPONENTS INC

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 0369801

More information about CAROLINA PRECISION COMPONENTS INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CAROLINA PRECISION COMPONENTS INC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01BRANDON WALKER
0012023-01-01
0012023-01-01BRANDON WALKER
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01AMANDA MIELKE2017-05-02
0012015-01-01KATIEOBREMSKI2016-04-27
0012014-01-01ASHLEY HOLDEN2015-06-15
0012013-01-01FIACRE BRISSI2014-06-21
0012012-01-01RACHEL BOSWORTH2013-06-19
0012011-01-01NICK SUTHEIMER2012-05-15
0012010-01-01MIKE BAHDE2011-06-03

Financial Data on CAROLINA PRECISION COMPONENTS INC 401K PLAN

Measure Date Value
2023 : CAROLINA PRECISION COMPONENTS INC 401K PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$333,290
Expenses. Total of all expenses incurred2023-12-31$31,369
Benefits paid (including direct rollovers)2023-12-31$27,854
Total plan assets at end of year2023-12-31$2,683,310
Total plan assets at beginning of year2023-12-31$2,381,389
Value of fidelity bond covering the plan2023-12-31$250,000
Total contributions received or receivable from participants2023-12-31$111,585
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$178,539
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$301,921
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,683,310
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$2,381,389
Total contributions received or receivable from employer(s)2023-12-31$43,166
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$3,515
2022 : CAROLINA PRECISION COMPONENTS INC 401K PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-1750304
Net assets as of the end of the plan year2022-05-172386687
Total assets as of the beginning of the plan year2022-05-172132915
Value of plan covered by a fidelity bond2022-05-17200000
Participant contributions to plan in this plan year2022-05-17104914
Other expenses paid from plan in this plan year2022-05-170
Other contributions to plan in this plan year2022-05-170
Other income to plan in this plan year2022-05-17152648
Plan net income in this plan year2022-05-17253772
Net assets as of the end of the plan year2022-05-172386687
Net assets as of the beginning of the plan year2022-05-172132915
Employer contributions to plan in this plan year2022-05-1746514
Fees paid to broker by Benefit Provider2022-05-171979
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-1794

Form 5500 Responses for CAROLINA PRECISION COMPONENTS INC 401K PLAN

2023: CAROLINA PRECISION COMPONENTS INC 401K PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes

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