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ALCO PLASTICS, INC. EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameALCO PLASTICS, INC. EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST
Plan identification number 002

ALCO PLASTICS, INC. EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND 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.
  • 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.
  • Life insurance

401k Sponsoring company profile

WILKO PLASTICS INC. has sponsored the creation of one or more 401k plans.

Company Name:WILKO PLASTICS INC.
Employer identification number (EIN):882362544
NAIC Classification:326100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ALCO PLASTICS, INC. EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01JANELLE YOUNG
0022023-01-01
0022022-01-01WILLIAM KOZYRA2023-10-12
0022022-01-01WILLIAM KOZYRA2024-04-04

Financial Data on ALCO PLASTICS, INC. EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST

Measure Date Value
2024 : ALCO PLASTICS, INC. EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-08-01905247
Net assets as of the end of the plan year2024-08-017382567
Total assets as of the beginning of the plan year2024-08-016945038
Value of plan covered by a fidelity bond2024-08-01500000
Participant contributions to plan in this plan year2024-08-01211926
Value of participant loans at end of plan year2024-08-01174414
Other expenses paid from plan in this plan year2024-08-010
Other contributions to plan in this plan year2024-08-010
Other income to plan in this plan year2024-08-011045658
Plan net income in this plan year2024-08-01437529
Net assets as of the end of the plan year2024-08-017382567
Net assets as of the beginning of the plan year2024-08-016945038
Employer contributions to plan in this plan year2024-08-0185192
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-0122972
2022 : ALCO PLASTICS, INC. EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,188,829
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,554,422
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,520,440
Value of total corrective distributions2022-12-31$2,672
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$315,382
Value of total assets at end of year2022-12-31$6,945,038
Value of total assets at beginning of year2022-12-31$9,688,289
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$31,310
Total interest from all sources2022-12-31$16,177
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$3,583
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$3,583
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$217,541
Participant contributions at end of year2022-12-31$157,924
Participant contributions at beginning of year2022-12-31$175,132
Assets. Other investments not covered elsewhere at end of year2022-12-31$1,301,021
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$1,621,621
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$12,629
Other income not declared elsewhere2022-12-31$-320,600
Total non interest bearing cash at end of year2022-12-31$2
Total non interest bearing cash at beginning of year2022-12-31$3
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,743,251
Value of net assets at end of year (total assets less liabilities)2022-12-31$6,945,038
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$9,688,289
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$135,185
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$153,572
Interest on participant loans2022-12-31$7,623
Interest earned on other investments2022-12-31$8,554
Value of interest in common/collective trusts at end of year2022-12-31$4,990,397
Value of interest in common/collective trusts at beginning of year2022-12-31$7,240,041
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$360,509
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$497,920
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-29,105
Net investment gain or loss from common/collective trusts2022-12-31$-1,174,266
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$85,212
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,520,440
Contract administrator fees2022-12-31$31,310
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31GROEN, KLUKA & COMPANY. P.C
Accountancy firm EIN2022-12-31382527196
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-1,188,829
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$1,554,422
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$1,520,440
Value of total corrective distributions2022-01-01$2,672
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$315,382
Value of total assets at end of year2022-01-01$6,945,038
Value of total assets at beginning of year2022-01-01$9,688,289
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$31,310
Total interest from all sources2022-01-01$16,177
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$3,583
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$3,583
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$500,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$217,541
Participant contributions at end of year2022-01-01$157,924
Participant contributions at beginning of year2022-01-01$175,132
Assets. Other investments not covered elsewhere at end of year2022-01-01$1,301,021
Assets. Other investments not covered elsewhere at beginning of year2022-01-01$1,621,621
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$12,629
Other income not declared elsewhere2022-01-01$-320,600
Total non interest bearing cash at end of year2022-01-01$2
Total non interest bearing cash at beginning of year2022-01-01$3
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-2,743,251
Value of net assets at end of year (total assets less liabilities)2022-01-01$6,945,038
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$9,688,289
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$135,185
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$153,572
Interest on participant loans2022-01-01$7,623
Interest earned on other investments2022-01-01$8,554
Value of interest in common/collective trusts at end of year2022-01-01$4,990,397
Value of interest in common/collective trusts at beginning of year2022-01-01$7,240,041
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$360,509
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$497,920
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-29,105
Net investment gain or loss from common/collective trusts2022-01-01$-1,174,266
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$85,212
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$1,520,440
Contract administrator fees2022-01-01$31,310
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01GROEN, KLUKA & COMPANY. P.C
Accountancy firm EIN2022-01-01382527196

Form 5500 Responses for ALCO PLASTICS, INC. EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST

2022: ALCO PLASTICS, INC. EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN AND TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberN100563100
Policy instance 1
STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number803204
Policy instance 2

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