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WESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameWESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN
Plan identification number 001

WESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN 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
  • 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.
  • 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.

401k Sponsoring company profile

WESTERN STATES IRON WORKS INC has sponsored the creation of one or more 401k plans.

Company Name:WESTERN STATES IRON WORKS INC
Employer identification number (EIN):814816547
NAIC Classification:331110
NAIC Description:Iron and Steel Mills and Ferroalloy Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01

Plan Statistics for WESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN

401k plan membership statisitcs for WESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN

Measure Date Value
2024: WESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-248
Total number of particpants at end of year2024-06-249
Number of Participants With Account Balances2024-06-241
2022: WESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-09-232
Total number of particpants at end of year2022-09-233
Number of Participants With Account Balances2022-09-231

Financial Data on WESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN

Measure Date Value
2024 : WESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-06-240
Total liabilities as of the beginning of the plan year2024-06-240
Total expenses incurred by plan in this plan year2024-06-241310
Net assets as of the end of the plan year2024-06-24120030
Total assets as of the beginning of the plan year2024-06-24107486
Value of plan covered by a fidelity bond2024-06-24130000
Value of participant loans at end of plan year2024-06-24434
Other income to plan in this plan year2024-06-2413854
Plan net income in this plan year2024-06-2412544
Net assets as of the end of the plan year2024-06-24120030
Net assets as of the beginning of the plan year2024-06-24107486
Employer contributions to plan in this plan year2024-06-240
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-241310
2022 : WESTERN STATES IRON WORKS INC 401K PROFIT SHARING PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-09-230
Total liabilities as of the beginning of the plan year2022-09-230
Total expenses incurred by plan in this plan year2022-09-231349
Net assets as of the end of the plan year2022-09-23126391
Total assets as of the beginning of the plan year2022-09-23118382
Value of participant loans at end of plan year2022-09-234710
Other income to plan in this plan year2022-09-239358
Plan net income in this plan year2022-09-238009
Net assets as of the end of the plan year2022-09-23126391
Net assets as of the beginning of the plan year2022-09-23118382
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-231349

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