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MICRO METALS, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameMICRO METALS, INC. PROFIT SHARING PLAN
Plan identification number 001

MICRO METALS, INC. PROFIT SHARING 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

SUPERIOR PRECISION SHEET METAL CORP has sponsored the creation of one or more 401k plans.

Company Name:SUPERIOR PRECISION SHEET METAL CORP
Employer identification number (EIN):840743063
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICRO METALS, INC. PROFIT SHARING 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
0012019-01-01KENNETH P DRISCOLL2020-07-07
0012018-01-01KENNETH P DRISCOLL2019-05-10 KENNETH P DRISCOLL2019-05-10
0012017-01-01KENNETH P DRISCOLL2018-05-14
0012016-01-01KENNETH P DRISCOLL2017-07-31 KENNETH P DRISCOLL2017-07-31
0012015-01-01KENNETH P DRISCOLL2016-09-06
0012014-01-01KENNETH P. DRISCOLL2015-06-04 KENNETH P. DRISCOLL2015-06-04
0012013-01-01KENNETH P. DRISCOLL2014-03-21 KENNETH P. DRISCOLL2014-03-21
0012012-01-01KENNETH P. DRISCOLL2013-03-07 KENNETH P. DRISCOLL2013-03-07
0012011-01-01KENNETH P. DRISCOLL2012-03-26 KENNETH P. DRISCOLL2012-03-26
0012010-01-01KENNETH DRISCOLL2011-03-10 KENNETH DRISCOLL2011-03-10
0012009-01-01KENNETH DRISCOLL KENNETH DRISCOLL2010-09-09

Plan Statistics for MICRO METALS, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for MICRO METALS, INC. PROFIT SHARING PLAN

Measure Date Value
2022: MICRO METALS, INC. PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01141
Total number of active participants reported on line 7a of the Form 55002022-01-0175
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0147
Total of all active and inactive participants2022-01-01122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01122
Number of participants with account balances2022-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MICRO METALS, INC. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01157
Total number of active participants reported on line 7a of the Form 55002021-01-0192
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0141
Total of all active and inactive participants2021-01-01133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01133
Number of participants with account balances2021-01-01113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MICRO METALS, INC. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01127
Total number of active participants reported on line 7a of the Form 55002020-01-01116
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0129
Total of all active and inactive participants2020-01-01145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01145
Number of participants with account balances2020-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2009: MICRO METALS, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01110
Total number of active participants reported on line 7a of the Form 55002009-01-0189
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0126
Total of all active and inactive participants2009-01-01115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01115
Number of participants with account balances2009-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0115

Financial Data on MICRO METALS, INC. PROFIT SHARING PLAN

Measure Date Value
2022 : MICRO METALS, INC. PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$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$0
Total income from all sources (including contributions)2022-12-31$-16,429
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$920,138
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$851,391
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$399,531
Value of total assets at end of year2022-12-31$6,327,682
Value of total assets at beginning of year2022-12-31$7,264,249
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$68,747
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$165,417
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$165,417
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
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$263,133
Participant contributions at end of year2022-12-31$10,270
Participant contributions at beginning of year2022-12-31$0
Assets. Other investments not covered elsewhere at end of year2022-12-31$926,501
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$239,324
Administrative expenses (other) incurred2022-12-31$68,747
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-936,567
Value of net assets at end of year (total assets less liabilities)2022-12-31$6,327,682
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$7,264,249
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$5,085,787
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$6,748,020
Value of interest in common/collective trusts at end of year2022-12-31$296,715
Value of interest in common/collective trusts at beginning of year2022-12-31$276,669
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-586,251
Net investment gain or loss from common/collective trusts2022-12-31$4,874
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$136,398
Employer contributions (assets) at end of year2022-12-31$8,409
Employer contributions (assets) at beginning of year2022-12-31$236
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$851,391
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31ERICKSON, BROWN & KLOSTER, LLC
Accountancy firm EIN2022-12-31840957308
2021 : MICRO METALS, INC. PROFIT SHARING PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-42,831
Total unrealized appreciation/depreciation of assets2021-12-31$-42,831
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$1,364,068
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,095,718
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,025,286
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$561,370
Value of total assets at end of year2021-12-31$7,264,249
Value of total assets at beginning of year2021-12-31$6,995,899
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$70,432
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$59,667
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$59,667
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$258,682
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$7,372
Assets. Other investments not covered elsewhere at end of year2021-12-31$239,324
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$132,155
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$150,348
Administrative expenses (other) incurred2021-12-31$70,432
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$268,350
Value of net assets at end of year (total assets less liabilities)2021-12-31$7,264,249
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$6,995,899
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$6,748,020
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$6,583,248
Value of interest in common/collective trusts at end of year2021-12-31$276,669
Value of interest in common/collective trusts at beginning of year2021-12-31$268,446
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$781,823
Net investment gain or loss from common/collective trusts2021-12-31$4,039
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$152,340
Employer contributions (assets) at end of year2021-12-31$236
Employer contributions (assets) at beginning of year2021-12-31$4,678
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,025,286
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31ERICKSON, BROWN & KLOSTER. LLC
Accountancy firm EIN2021-12-31840957308
2020 : MICRO METALS, INC. PROFIT SHARING PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-167,845
Total unrealized appreciation/depreciation of assets2020-12-31$-167,845
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$1,347,954
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$608,165
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$559,641
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$670,945
Value of total assets at end of year2020-12-31$6,995,899
Value of total assets at beginning of year2020-12-31$6,256,110
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$48,524
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$80,320
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$80,320
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$231,431
Participant contributions at end of year2020-12-31$7,372
Assets. Other investments not covered elsewhere at end of year2020-12-31$132,155
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$300,000
Administrative expenses (other) incurred2020-12-31$48,524
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$739,789
Value of net assets at end of year (total assets less liabilities)2020-12-31$6,995,899
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$6,256,110
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$6,583,248
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$6,209,449
Value of interest in common/collective trusts at end of year2020-12-31$268,446
Value of interest in common/collective trusts at beginning of year2020-12-31$46,661
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$760,543
Net investment gain or loss from common/collective trusts2020-12-31$3,991
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$139,514
Employer contributions (assets) at end of year2020-12-31$4,678
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$559,641
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 name2020-12-31ERICKSON, BROWN & KLOSTER. P.C.
Accountancy firm EIN2020-12-31840957308

Form 5500 Responses for MICRO METALS, INC. PROFIT SHARING PLAN

2022: MICRO METALS, INC. PROFIT SHARING 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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MICRO METALS, INC. PROFIT SHARING 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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MICRO METALS, INC. PROFIT SHARING 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
2009: MICRO METALS, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PACIFIC LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 67466 )
Policy contract numberVF53545070
Policy instance 1
Insurance contract or identification numberVF53545070
Number of Individuals Covered1
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $1,883
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $1,275
Insurance broker organization code?3
PACIFIC LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 67466 )
Policy contract numberVF53545070
Policy instance 1
Insurance contract or identification numberVF53545070
Number of Individuals Covered1
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $44,250
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $42,750
Insurance broker organization code?3

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