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WEST MICHIGAN GRINDING & MACHINE, INC. 401(K) 401k Plan overview

Plan NameWEST MICHIGAN GRINDING & MACHINE, INC. 401(K)
Plan identification number 001

WEST MICHIGAN GRINDING & MACHINE, INC. 401(K) 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.
  • 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

WEST MICHIGAN GRINDING & MACHINE, INC. has sponsored the creation of one or more 401k plans.

Company Name:WEST MICHIGAN GRINDING & MACHINE, INC.
Employer identification number (EIN):850794181
NAIC Classification:333900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEST MICHIGAN GRINDING & MACHINE, INC. 401(K)

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHRISTOPHER S. CARLSON2024-07-09 CHRISTOPHER S. CARLSON2024-07-09
0012022-01-01CHRISTOPHER CARLSON2023-06-07 CHRISTOPHER CARLSON2023-06-07
0012021-01-01CHRISTOPHER CARLSON2022-07-15 CHRISTOPHER CARLSON2022-07-15
0012020-12-15CHRISTOPHER CARLSON2021-09-14 CHRISTOPHER CARLSON2021-09-14

Financial Data on WEST MICHIGAN GRINDING & MACHINE, INC. 401(K)

Measure Date Value
2025 : WEST MICHIGAN GRINDING & MACHINE, INC. 401(K) 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-09-260
Total expenses incurred by plan in this plan year2025-09-26106476
Net assets as of the end of the plan year2025-09-261594660
Total assets as of the beginning of the plan year2025-09-261349593
Value of plan covered by a fidelity bond2025-09-26312500
Participant contributions to plan in this plan year2025-09-2675441
Value of participant loans at end of plan year2025-09-2613348
Other contributions to plan in this plan year2025-09-2667018
Other income to plan in this plan year2025-09-26175597
Plan net income in this plan year2025-09-26245067
Net assets as of the end of the plan year2025-09-261594660
Net assets as of the beginning of the plan year2025-09-261349593
Employer contributions to plan in this plan year2025-09-2633487
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-268089
2024 : WEST MICHIGAN GRINDING & MACHINE, INC. 401(K) 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-07-090
Total expenses incurred by plan in this plan year2024-07-0946102
Net assets as of the end of the plan year2024-07-091349593
Total assets as of the beginning of the plan year2024-07-091125064
Value of plan covered by a fidelity bond2024-07-09312500
Participant contributions to plan in this plan year2024-07-0973566
Value of participant loans at end of plan year2024-07-097948
Other income to plan in this plan year2024-07-09165142
Plan net income in this plan year2024-07-09224529
Net assets as of the end of the plan year2024-07-091349593
Net assets as of the beginning of the plan year2024-07-091125064
Employer contributions to plan in this plan year2024-07-0931923
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-096387
2022 : WEST MICHIGAN GRINDING & MACHINE, INC. 401(K) 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-07-150
Total expenses incurred by plan in this plan year2022-07-15247859
Net assets as of the end of the plan year2022-07-151213464
Total assets as of the beginning of the plan year2022-07-151203096
Value of plan covered by a fidelity bond2022-07-15500000
Participant contributions to plan in this plan year2022-07-1568296
Value of participant loans at end of plan year2022-07-1511451
Other income to plan in this plan year2022-07-15160450
Plan net income in this plan year2022-07-1510368
Net assets as of the end of the plan year2022-07-151213464
Net assets as of the beginning of the plan year2022-07-151203096
Employer contributions to plan in this plan year2022-07-1529481
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-155288

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