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EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC.
Plan identification number 004

EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC. 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.

401k Sponsoring company profile

PROCESS AND POWER, INC. has sponsored the creation of one or more 401k plans.

Company Name:PROCESS AND POWER, INC.
Employer identification number (EIN):620590398
NAIC Classification:333900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042023-01-01CLAIRE OAKLEY2024-07-11
0042022-01-01CLAIRE OAKLEY2023-07-25
0042021-01-01CLAIRE OAKLEY2022-07-06
0042020-01-01CLAIRE OAKLEY2021-07-14
0042018-01-01CLAIRE OAKLEY2019-06-10
0042017-01-01CLAIRE OAKLEY2018-04-19 CLAIRE OAKLEY2018-04-19
0042016-01-01CLAIRE OAKLEY2017-04-25 CLAIRE OAKKLEY2017-04-25
0042015-01-01CLAIRE OAKLEY2016-04-14 CLAIRE OAKLEY2016-04-14
0042014-01-01CLAIRE OAKLEY2015-05-12 CLAIRE OAKLEY2015-05-12
0042013-01-01CLAIRE OAKLEY2014-06-06 CLAIRE OAKLEY2014-06-06
0042012-01-01CLAIRE OAKLEY2013-05-14
0042011-01-01CLAIRE OAKLEY2012-07-16

Plan Statistics for EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC.

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC.

Measure Date Value
2025: EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC. 2025 401k membership
Total number of particpants at beginning of year2025-05-30108
Total number of particpants at end of year2025-05-30109
Number of Participants With Account Balances2025-05-3074
2024: EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC. 2024 401k membership
Total number of particpants at beginning of year2024-07-1194
Total number of particpants at end of year2024-07-11108
Number of Participants With Account Balances2024-07-1171
2022: EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC. 2022 401k membership
Total number of particpants at beginning of year2022-07-0686
Total number of particpants at end of year2022-07-0683
Number of Participants With Account Balances2022-07-0661

Financial Data on EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC.

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC. 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-30269833
Net assets as of the end of the plan year2025-05-3011479232
Total assets as of the beginning of the plan year2025-05-309485541
Value of plan covered by a fidelity bond2025-05-30500000
Participant contributions to plan in this plan year2025-05-30494189
Other expenses paid from plan in this plan year2025-05-300
Other contributions to plan in this plan year2025-05-302441
Other income to plan in this plan year2025-05-301513561
Plan net income in this plan year2025-05-301993691
Net assets as of the end of the plan year2025-05-3011479232
Net assets as of the beginning of the plan year2025-05-309485541
Employer contributions to plan in this plan year2025-05-30253333
Fees paid to broker by Benefit Provider2025-05-301244
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-30522
2024 : EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC. 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-11188952
Net assets as of the end of the plan year2024-07-119485541
Total assets as of the beginning of the plan year2024-07-117661189
Value of plan covered by a fidelity bond2024-07-11500000
Participant contributions to plan in this plan year2024-07-11406464
Other expenses paid from plan in this plan year2024-07-11315
Other contributions to plan in this plan year2024-07-1114096
Other income to plan in this plan year2024-07-111370065
Plan net income in this plan year2024-07-111824352
Net assets as of the end of the plan year2024-07-119485541
Net assets as of the beginning of the plan year2024-07-117661189
Employer contributions to plan in this plan year2024-07-11222679
Fees paid to broker by Benefit Provider2024-07-11562
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-110
2022 : EMPLOYEE BENEFIT PLAN OF PROCESS AND POWER, INC. 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-060
Total liabilities as of the end of the plan year2022-07-060
Total liabilities as of the beginning of the plan year2022-07-060
Total expenses incurred by plan in this plan year2022-07-06884671
Net assets as of the end of the plan year2022-07-069054775
Total assets as of the beginning of the plan year2022-07-068291273
Value of plan covered by a fidelity bond2022-07-06500000
Participant contributions to plan in this plan year2022-07-06310707
Other expenses paid from plan in this plan year2022-07-06458
Other contributions to plan in this plan year2022-07-060
Other income to plan in this plan year2022-07-061176417
Plan net income in this plan year2022-07-06763502
Net assets as of the end of the plan year2022-07-069054775
Net assets as of the beginning of the plan year2022-07-068291273
Employer contributions to plan in this plan year2022-07-06161049
Fees paid to broker by Benefit Provider2022-07-06533

Potentially related plans

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