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PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NamePERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST 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

PERFORMANCE MACHINE TOOLS INC has sponsored the creation of one or more 401k plans.

Company Name:PERFORMANCE MACHINE TOOLS INC
Employer identification number (EIN):862402746
NAIC Classification:333900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ROBERT KROHA JR2024-04-10
0012022-01-01ROBERT KROHA JR2023-04-10
0012021-01-01ROBERT L KROHA JR.2022-05-27

Plan Statistics for PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025: PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST 2025 401k membership
Total number of particpants at beginning of year2025-04-167
Total number of particpants at end of year2025-04-167
Number of Participants With Account Balances2025-04-162
2024: PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year2024-04-108
Total number of particpants at end of year2024-04-107
Number of Participants With Account Balances2024-04-102
2022: PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST 2022 401k membership
Total number of particpants at beginning of year2022-05-278
Total number of particpants at end of year2022-05-278
Number of Participants With Account Balances2022-05-273

Financial Data on PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-160
Total liabilities as of the end of the plan year2025-04-160
Total liabilities as of the beginning of the plan year2025-04-160
Total expenses incurred by plan in this plan year2025-04-1647279
Net assets as of the end of the plan year2025-04-16937650
Total assets as of the beginning of the plan year2025-04-16801659
Value of plan covered by a fidelity bond2025-04-16100000
Participant contributions to plan in this plan year2025-04-1623000
Value of participant loans at end of plan year2025-04-169018
Other expenses paid from plan in this plan year2025-04-160
Other contributions to plan in this plan year2025-04-160
Other income to plan in this plan year2025-04-16156407
Plan net income in this plan year2025-04-16135991
Net assets as of the end of the plan year2025-04-16937650
Net assets as of the beginning of the plan year2025-04-16801659
Employer contributions to plan in this plan year2025-04-163863
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-16120
2024 : PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-100
Total liabilities as of the end of the plan year2024-04-100
Total liabilities as of the beginning of the plan year2024-04-100
Total expenses incurred by plan in this plan year2024-04-10172897
Net assets as of the end of the plan year2024-04-10801659
Total assets as of the beginning of the plan year2024-04-10756505
Value of plan covered by a fidelity bond2024-04-10100000
Participant contributions to plan in this plan year2024-04-1022500
Value of participant loans at end of plan year2024-04-1014631
Other expenses paid from plan in this plan year2024-04-100
Other contributions to plan in this plan year2024-04-100
Other income to plan in this plan year2024-04-10191749
Plan net income in this plan year2024-04-1045154
Net assets as of the end of the plan year2024-04-10801659
Net assets as of the beginning of the plan year2024-04-10756505
Employer contributions to plan in this plan year2024-04-103802
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-10120
2022 : PERFORMANCE MACHINE TOOLS INC 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-05-270
Total liabilities as of the end of the plan year2022-05-270
Total liabilities as of the beginning of the plan year2022-05-270
Total expenses incurred by plan in this plan year2022-05-2745372
Net assets as of the end of the plan year2022-05-271057337
Total assets as of the beginning of the plan year2022-05-27954039
Value of plan covered by a fidelity bond2022-05-27100000
Participant contributions to plan in this plan year2022-05-276220
Value of participant loans at end of plan year2022-05-2728251
Other expenses paid from plan in this plan year2022-05-270
Other contributions to plan in this plan year2022-05-270
Other income to plan in this plan year2022-05-27139340
Plan net income in this plan year2022-05-27103298
Net assets as of the end of the plan year2022-05-271057337
Net assets as of the beginning of the plan year2022-05-27954039
Employer contributions to plan in this plan year2022-05-273110
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-27120

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