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NORTH AMERICAN ARMS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameNORTH AMERICAN ARMS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

NORTH AMERICAN ARMS, INC. 401(K) PROFIT SHARING PLAN 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.
  • 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

NORTH AMERICAN ARMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTH AMERICAN ARMS, INC.
Employer identification number (EIN):870500601
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH AMERICAN ARMS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARGO TEW2024-06-03
0012022-01-01MARGO TEW2023-09-28
0012021-01-01MARGO TEW2022-03-04
0012020-01-01MARGO TEW2021-05-18
0012019-01-01HAROLD ADAMS2020-04-08 HAROLD ADAMS2020-04-08
0012018-01-01HAROLD ADAMS2019-04-26 HAROLD ADAMS2019-04-26
0012017-01-01HAROLD ADAMS2018-06-05 HAROLD ADAMS2018-06-05
0012017-01-01HAROLD ADAMS2018-06-05 HAROLD ADAMS2018-06-05
0012016-01-01HAROLD ADAMS2017-07-07 HAROLD ADAMS2017-07-07
0012015-01-01HAROLD ADAMS2016-09-28 HAROLD ADAMS2016-09-28
0012014-01-01HAROLD ADAMS2015-07-25 HAROLD ADAMS2015-07-25
0012013-01-01HAROLD ADAMS2014-10-13 HAROLD ADAMS2014-10-13
0012012-01-01HAROLD ADAMS2013-10-15 HAROLD ADAMS2013-10-15
0012011-01-01HAROLD ADAMS2012-10-15 HAROLD ADAMS2012-10-15
0012010-01-01HAROLD ADAMS2011-10-17 HAROLD ADAMS2011-10-17

Financial Data on NORTH AMERICAN ARMS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : NORTH AMERICAN ARMS, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-02-1255630
Net assets as of the end of the plan year2025-02-121803316
Total assets as of the beginning of the plan year2025-02-121576097
Value of plan covered by a fidelity bond2025-02-12100000
Participant contributions to plan in this plan year2025-02-1264732
Value of participant loans at end of plan year2025-02-1221612
Other income to plan in this plan year2025-02-12176276
Plan net income in this plan year2025-02-12227219
Net assets as of the end of the plan year2025-02-121803316
Net assets as of the beginning of the plan year2025-02-121576097
Employer contributions to plan in this plan year2025-02-1241841
Fees paid to broker by Benefit Provider2025-02-12198
2024 : NORTH AMERICAN ARMS, INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-03109714
Net assets as of the end of the plan year2024-06-031576097
Total assets as of the beginning of the plan year2024-06-031394314
Value of plan covered by a fidelity bond2024-06-03100000
Participant contributions to plan in this plan year2024-06-0353007
Value of participant loans at end of plan year2024-06-0317052
Other contributions to plan in this plan year2024-06-03893
Other income to plan in this plan year2024-06-03224355
Plan net income in this plan year2024-06-03181783
Net assets as of the end of the plan year2024-06-031576097
Net assets as of the beginning of the plan year2024-06-031394314
Employer contributions to plan in this plan year2024-06-0313242
Fees paid to broker by Benefit Provider2024-06-037063
2022 : NORTH AMERICAN ARMS, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-03-04565719
Net assets as of the end of the plan year2022-03-041595494
Total assets as of the beginning of the plan year2022-03-041861932
Value of plan covered by a fidelity bond2022-03-04100000
Participant contributions to plan in this plan year2022-03-0444478
Value of participant loans at end of plan year2022-03-043034
Other income to plan in this plan year2022-03-04214986
Plan net income in this plan year2022-03-04-266438
Net assets as of the end of the plan year2022-03-041595494
Net assets as of the beginning of the plan year2022-03-041861932
Employer contributions to plan in this plan year2022-03-0439817

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