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NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN 401k Plan overview

Plan NameNEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN
Plan identification number 001

NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) 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.

401k Sponsoring company profile

NEW ENGLAND AIRFOIL PRODUCTS has sponsored the creation of one or more 401k plans.

Company Name:NEW ENGLAND AIRFOIL PRODUCTS
Employer identification number (EIN):810765283
NAIC Classification:336410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01MICHAEL GRAY2019-10-08
0012017-01-01ANNA PELLEGRINI2018-07-05
0012016-01-01ANNA PELLEGRINI2017-04-05

Plan Statistics for NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN

401k plan membership statisitcs for NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN

Measure Date Value
2022: NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01121
Total number of active participants reported on line 7a of the Form 55002022-01-0176
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0135
Total of all active and inactive participants2022-01-01111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01111
Number of participants with account balances2022-01-0191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01143
Total number of active participants reported on line 7a of the Form 55002021-01-0189
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0130
Total of all active and inactive participants2021-01-01119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01119
Number of participants with account balances2021-01-01100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-013
2020: NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01148
Total number of active participants reported on line 7a of the Form 55002020-01-01130
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0113
Total of all active and inactive participants2020-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01143
Number of participants with account balances2020-01-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0110

Financial Data on NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN

Measure Date Value
2022 : NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$592,363
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$320,400
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$302,906
Expenses. Certain deemed distributions of participant loans2022-12-31$3,376
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$968,820
Value of total assets at end of year2022-12-31$3,033,665
Value of total assets at beginning of year2022-12-31$2,761,702
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$14,118
Total interest from all sources2022-12-31$6,678
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$77,644
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$77,644
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$277,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$358,069
Participant contributions at end of year2022-12-31$146,789
Participant contributions at beginning of year2022-12-31$69,284
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$464,912
Other income not declared elsewhere2022-12-31$809
Administrative expenses (other) incurred2022-12-31$14,118
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$271,963
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,033,665
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,761,702
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,762,795
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,628,479
Interest on participant loans2022-12-31$6,678
Value of interest in common/collective trusts at end of year2022-12-31$124,081
Value of interest in common/collective trusts at beginning of year2022-12-31$63,939
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-463,144
Net investment gain or loss from common/collective trusts2022-12-31$1,556
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$145,839
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$302,906
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31FUNARO & CO
Accountancy firm EIN2022-12-31132871428
2021 : NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$0
Total transfer of assets from this plan2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$793,454
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$363,731
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$327,758
Expenses. Certain deemed distributions of participant loans2021-12-31$19,023
Value of total corrective distributions2021-12-31$4,559
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$518,551
Value of total assets at end of year2021-12-31$2,761,702
Value of total assets at beginning of year2021-12-31$2,331,979
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$12,391
Total interest from all sources2021-12-31$4,340
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$306,757
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$306,757
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$234,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$386,766
Participant contributions at end of year2021-12-31$69,284
Participant contributions at beginning of year2021-12-31$91,242
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$17,296
Other income not declared elsewhere2021-12-31$2,815
Administrative expenses (other) incurred2021-12-31$12,391
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$429,723
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,761,702
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,331,979
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$2,628,479
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,196,879
Interest on participant loans2021-12-31$4,340
Value of interest in common/collective trusts at end of year2021-12-31$63,939
Value of interest in common/collective trusts at beginning of year2021-12-31$43,858
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$-39,819
Net investment gain or loss from common/collective trusts2021-12-31$810
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$114,489
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$327,758
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31FUNARO & CO
Accountancy firm EIN2021-12-31132871428
2020 : NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total transfer of assets from this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$832,973
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$238,427
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$223,054
Expenses. Certain deemed distributions of participant loans2020-12-31$6,099
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$559,496
Value of total assets at end of year2020-12-31$2,331,979
Value of total assets at beginning of year2020-12-31$1,737,433
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$9,274
Total interest from all sources2020-12-31$5,757
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$73,992
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$73,992
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$174,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$390,969
Participant contributions at end of year2020-12-31$91,242
Participant contributions at beginning of year2020-12-31$87,499
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$39,714
Administrative expenses (other) incurred2020-12-31$9,274
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$594,546
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,331,979
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$1,737,433
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$2,196,879
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$1,649,934
Interest on participant loans2020-12-31$5,757
Value of interest in common/collective trusts at end of year2020-12-31$43,858
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$193,462
Net investment gain or loss from common/collective trusts2020-12-31$266
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$128,813
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$223,054
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31FUNARO & CO
Accountancy firm EIN2020-12-31132871428

Form 5500 Responses for NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN

2022: NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NEW ENGLAND AIRFOIL PRODUCTS, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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