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PRECISION MEDICAL, INC. 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NamePRECISION MEDICAL, INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

PRECISION MEDICAL, INC. 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

PRECISION MEDICAL CO. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION MEDICAL CO.
Employer identification number (EIN):841197037
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION MEDICAL, INC. 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01KATHLEEN KELLEY
0012009-01-01KATHLEEN KELLEY

Financial Data on PRECISION MEDICAL, INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2010 : PRECISION MEDICAL, INC. 401(K) PROFIT SHARING PLAN & TRUST 2010 401k financial data
Transfers to/from the plan2010-06-30$-1,173,689
Total plan liabilities at end of year2010-06-30$0
Total plan liabilities at beginning of year2010-06-30$0
Total income from all sources2010-06-30$-65,044
Expenses. Total of all expenses incurred2010-06-30$0
Total plan assets at end of year2010-06-30$0
Total plan assets at beginning of year2010-06-30$1,238,733
Value of fidelity bond covering the plan2010-06-30$275,000
Other income received2010-06-30$-65,044
Net income (gross income less expenses)2010-06-30$-65,044
Net plan assets at end of year (total assets less liabilities)2010-06-30$0
Net plan assets at beginning of year (total assets less liabilities)2010-06-30$1,238,733

Form 5500 Responses for PRECISION MEDICAL, INC. 401(K) PROFIT SHARING PLAN & TRUST

2010: PRECISION MEDICAL, INC. 401(K) PROFIT SHARING PLAN & TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingYes
2010-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PRECISION MEDICAL, INC. 401(K) PROFIT SHARING PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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