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PROFIT SHARING PLAN AND TRUST AGREEMENT FOR EMPLOYEES OF STEEL FORGINGS, INC. 401k Plan overview

Plan NamePROFIT SHARING PLAN AND TRUST AGREEMENT FOR EMPLOYEES OF STEEL FORGINGS, INC.
Plan identification number 002

PROFIT SHARING PLAN AND TRUST AGREEMENT FOR EMPLOYEES OF STEEL FORGINGS, 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

STEEL FORGINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name:STEEL FORGINGS, INC.
Employer identification number (EIN):720381517
NAIC Classification:332110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT SHARING PLAN AND TRUST AGREEMENT FOR EMPLOYEES OF STEEL FORGINGS, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01DAVID SIMMS2019-07-15
0022017-01-01DAVID SIMMS2018-08-29
0022016-01-01DAVID SIMMS2017-07-14
0022015-01-01JOHN K JACK FRASER CPA CFO2016-07-20
0022014-01-01JOHN K JACK FRASER CPA CFO2015-06-03
0022013-01-01JOHN K JACK FRASER CPA CFO2014-07-25
0022012-01-01JOHN K JACK FRASER CPA CFO2013-09-04
0022011-01-01JOHN K JACK FRASER CPA CFO2012-07-27
0022010-01-01JOHN K JACK FRASER CPA CFO2011-06-10

Financial Data on PROFIT SHARING PLAN AND TRUST AGREEMENT FOR EMPLOYEES OF STEEL FORGINGS, INC.

Measure Date Value
2025 : PROFIT SHARING PLAN AND TRUST AGREEMENT FOR EMPLOYEES OF STEEL FORGINGS, INC. 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-16606134
Net assets as of the end of the plan year2025-06-165141892
Total assets as of the beginning of the plan year2025-06-164659512
Value of plan covered by a fidelity bond2025-06-16500000
Participant contributions to plan in this plan year2025-06-16223999
Value of participant loans at end of plan year2025-06-1673514
Other income to plan in this plan year2025-06-16582091
Plan net income in this plan year2025-06-16482380
Net assets as of the end of the plan year2025-06-165141892
Net assets as of the beginning of the plan year2025-06-164659512
Employer contributions to plan in this plan year2025-06-16282424
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-1630720
2024 : PROFIT SHARING PLAN AND TRUST AGREEMENT FOR EMPLOYEES OF STEEL FORGINGS, INC. 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-12713024
Net assets as of the end of the plan year2024-06-124659512
Total assets as of the beginning of the plan year2024-06-124303918
Value of plan covered by a fidelity bond2024-06-12500000
Participant contributions to plan in this plan year2024-06-12184663
Value of participant loans at end of plan year2024-06-1242999
Other contributions to plan in this plan year2024-06-12953
Other income to plan in this plan year2024-06-12592228
Plan net income in this plan year2024-06-12355594
Net assets as of the end of the plan year2024-06-124659512
Net assets as of the beginning of the plan year2024-06-124303918
Employer contributions to plan in this plan year2024-06-12290774
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-1222805
2022 : PROFIT SHARING PLAN AND TRUST AGREEMENT FOR EMPLOYEES OF STEEL FORGINGS, INC. 2022 401k financial data
Total expenses incurred by plan in this plan year2022-08-29450991
Net assets as of the end of the plan year2022-08-294950107
Total assets as of the beginning of the plan year2022-08-294567010
Value of plan covered by a fidelity bond2022-08-29500000
Participant contributions to plan in this plan year2022-08-29101731
Value of participant loans at end of plan year2022-08-2911484
Other expenses paid from plan in this plan year2022-08-2940415
Other income to plan in this plan year2022-08-29584684
Plan net income in this plan year2022-08-29383097
Net assets as of the end of the plan year2022-08-294950107
Net assets as of the beginning of the plan year2022-08-294567010
Employer contributions to plan in this plan year2022-08-29147673

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