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PRECISION MEDICAL CO. 401(K) PLAN & TRUST 401k Plan overview

Plan NamePRECISION MEDICAL CO. 401(K) PLAN & TRUST
Plan identification number 002

PRECISION MEDICAL CO. 401(K) 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 CO. 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01KATHLEEN KELLEY
0022017-01-01KATHLEEN KELLEY
0022016-01-01KATHLEEN KELLEY
0022015-01-01KATHLEEN KELLEY
0022014-01-01KATHLEEN KELLEY
0022013-01-01KATHLEEN KELLEY
0022012-01-01KATHLEEN KELLEY2013-03-13
0022011-01-01KATHLEEN KELLEY2012-06-04
0022010-01-01KATHLEEN KELLEY
0022009-01-01KATHLEEN KELLEY

Financial Data on PRECISION MEDICAL CO. 401(K) PLAN & TRUST

Measure Date Value
2018 : PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2018 401k financial data
Total plan liabilities at end of year2018-01-31$0
Total plan liabilities at beginning of year2018-01-31$0
Total income from all sources2018-01-31$22,058
Expenses. Total of all expenses incurred2018-01-31$935,395
Benefits paid (including direct rollovers)2018-01-31$935,295
Total plan assets at end of year2018-01-31$0
Total plan assets at beginning of year2018-01-31$913,337
Value of fidelity bond covering the plan2018-01-31$340,000
Total contributions received or receivable from participants2018-01-31$0
Other income received2018-01-31$22,058
Net income (gross income less expenses)2018-01-31$-913,337
Net plan assets at end of year (total assets less liabilities)2018-01-31$0
Net plan assets at beginning of year (total assets less liabilities)2018-01-31$913,337
Expenses. Administrative service providers (salaries,fees and commissions)2018-01-31$100
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-01-31$0
2017 : PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2017 401k financial data
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$191,194
Expenses. Total of all expenses incurred2017-12-31$582,216
Benefits paid (including direct rollovers)2017-12-31$581,616
Total plan assets at end of year2017-12-31$913,337
Total plan assets at beginning of year2017-12-31$1,304,359
Value of fidelity bond covering the plan2017-12-31$340,000
Total contributions received or receivable from participants2017-12-31$32,000
Other income received2017-12-31$159,194
Net income (gross income less expenses)2017-12-31$-391,022
Net plan assets at end of year (total assets less liabilities)2017-12-31$913,337
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,304,359
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$600
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2016 401k financial data
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$183,282
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$1,304,359
Total plan assets at beginning of year2016-12-31$1,121,077
Value of fidelity bond covering the plan2016-12-31$340,000
Total contributions received or receivable from participants2016-12-31$48,000
Other income received2016-12-31$65,282
Net income (gross income less expenses)2016-12-31$183,282
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,304,359
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,121,077
Total contributions received or receivable from employer(s)2016-12-31$70,000
2015 : PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2015 401k financial data
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$105,594
Expenses. Total of all expenses incurred2015-12-31$871,989
Benefits paid (including direct rollovers)2015-12-31$871,639
Total plan assets at end of year2015-12-31$1,121,077
Total plan assets at beginning of year2015-12-31$1,887,472
Value of fidelity bond covering the plan2015-12-31$340,000
Total contributions received or receivable from participants2015-12-31$48,000
Other income received2015-12-31$-12,406
Net income (gross income less expenses)2015-12-31$-766,395
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,121,077
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,887,472
Total contributions received or receivable from employer(s)2015-12-31$70,000
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$350
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$429,421
Expenses. Total of all expenses incurred2014-12-31$2,339,358
Benefits paid (including direct rollovers)2014-12-31$2,249,527
Total plan assets at end of year2014-12-31$1,887,472
Total plan assets at beginning of year2014-12-31$3,797,409
Value of fidelity bond covering the plan2014-12-31$275,000
Total contributions received or receivable from participants2014-12-31$229,701
Other income received2014-12-31$199,543
Net income (gross income less expenses)2014-12-31$-1,909,937
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,887,472
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$3,797,409
Total contributions received or receivable from employer(s)2014-12-31$177
Value of certain deemed distributions of participant loans2014-12-31$70,255
Value of corrective distributions2014-12-31$14,140
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$5,436
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$1,010,291
Expenses. Total of all expenses incurred2013-12-31$112,696
Benefits paid (including direct rollovers)2013-12-31$107,451
Total plan assets at end of year2013-12-31$3,797,409
Total plan assets at beginning of year2013-12-31$2,899,814
Value of fidelity bond covering the plan2013-12-31$275,000
Total contributions received or receivable from participants2013-12-31$267,479
Other income received2013-12-31$453,487
Net income (gross income less expenses)2013-12-31$897,595
Net plan assets at end of year (total assets less liabilities)2013-12-31$3,797,409
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,899,814
Assets. Value of participant loans2013-12-31$3,999
Total contributions received or receivable from employer(s)2013-12-31$289,325
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$5,245
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2010 : PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$1,173,689
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$723,849
Expenses. Total of all expenses incurred2010-12-31$139,501
Benefits paid (including direct rollovers)2010-12-31$139,501
Total plan assets at end of year2010-12-31$1,933,256
Total plan assets at beginning of year2010-12-31$175,219
Value of fidelity bond covering the plan2010-12-31$275,000
Total contributions received or receivable from participants2010-12-31$248,871
Other income received2010-12-31$259,172
Net income (gross income less expenses)2010-12-31$584,348
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,933,256
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$175,219
Assets. Value of participant loans2010-12-31$2,825
Total contributions received or receivable from employer(s)2010-12-31$215,806
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for PRECISION MEDICAL CO. 401(K) PLAN & TRUST

2018: PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2010: PRECISION MEDICAL CO. 401(K) 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 filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PRECISION MEDICAL CO. 401(K) PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01First time form 5500 has been submittedYes
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

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG35921
Policy instance 1
AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG35921
Policy instance 1
AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG35921
Policy instance 1
AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG35921
Policy instance 1
AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG35921
Policy instance 1

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