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HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameHOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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

HOOVER PRECISION MACHINING LLC has sponsored the creation of one or more 401k plans.

Company Name:HOOVER PRECISION MACHINING LLC
Employer identification number (EIN):811797700
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARK S HOOVER2024-09-08
0012022-01-01MARK HOOVER2023-09-13
0012021-01-01MARK HOOVER2022-05-29
0012020-01-01MARK HOOVER2021-10-03
0012019-01-01MARK HOOVER2020-04-16
0012018-01-01MARK HOOVER2019-07-05

Plan Statistics for HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST

401k plan membership statisitcs for HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2025: HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST 2025 401k membership
Total number of particpants at beginning of year2025-06-077
Total number of particpants at end of year2025-06-077
Number of Participants With Account Balances2025-06-077
2024: HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST 2024 401k membership
Total number of particpants at beginning of year2024-09-087
Total number of particpants at end of year2024-09-087
Number of Participants With Account Balances2024-09-087
2022: HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST 2022 401k membership
Total number of particpants at beginning of year2022-05-297
Total number of particpants at end of year2022-05-297
Number of Participants With Account Balances2022-05-297

Financial Data on HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2025 : HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-070
Total liabilities as of the end of the plan year2025-06-070
Total liabilities as of the beginning of the plan year2025-06-070
Total expenses incurred by plan in this plan year2025-06-073231
Net assets as of the end of the plan year2025-06-0756075
Total assets as of the beginning of the plan year2025-06-0747197
Value of plan covered by a fidelity bond2025-06-0720000
Participant contributions to plan in this plan year2025-06-076471
Value of participant loans at end of plan year2025-06-074563
Other expenses paid from plan in this plan year2025-06-070
Other contributions to plan in this plan year2025-06-070
Other income to plan in this plan year2025-06-075638
Plan net income in this plan year2025-06-078878
Net assets as of the end of the plan year2025-06-0756075
Net assets as of the beginning of the plan year2025-06-0747197
Employer contributions to plan in this plan year2025-06-070
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-07448
2024 : HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-080
Total liabilities as of the end of the plan year2024-09-080
Total liabilities as of the beginning of the plan year2024-09-080
Total expenses incurred by plan in this plan year2024-09-08353
Net assets as of the end of the plan year2024-09-0847197
Total assets as of the beginning of the plan year2024-09-0835757
Value of plan covered by a fidelity bond2024-09-0820000
Participant contributions to plan in this plan year2024-09-085832
Value of participant loans at end of plan year2024-09-0810329
Other expenses paid from plan in this plan year2024-09-080
Other contributions to plan in this plan year2024-09-080
Other income to plan in this plan year2024-09-085961
Plan net income in this plan year2024-09-0811440
Net assets as of the end of the plan year2024-09-0847197
Net assets as of the beginning of the plan year2024-09-0835757
Employer contributions to plan in this plan year2024-09-080
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-08353
2022 : HOOVER PRECISION MACHINING LLC 401 K PROFIT SHARING PLAN TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-05-290
Total liabilities as of the end of the plan year2022-05-290
Total liabilities as of the beginning of the plan year2022-05-290
Total expenses incurred by plan in this plan year2022-05-29238
Net assets as of the end of the plan year2022-05-2938006
Total assets as of the beginning of the plan year2022-05-2922702
Value of plan covered by a fidelity bond2022-05-2920000
Participant contributions to plan in this plan year2022-05-2910634
Value of participant loans at end of plan year2022-05-291764
Other expenses paid from plan in this plan year2022-05-290
Other contributions to plan in this plan year2022-05-290
Other income to plan in this plan year2022-05-294908
Plan net income in this plan year2022-05-2915304
Net assets as of the end of the plan year2022-05-2938006
Net assets as of the beginning of the plan year2022-05-2922702
Employer contributions to plan in this plan year2022-05-290
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-29238

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