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IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 401k Plan overview

Plan NameIDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN
Plan identification number 001

IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 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

IDENTIFICATION PRODUCTS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:IDENTIFICATION PRODUCTS CORPORATION
Employer identification number (EIN):060895255
NAIC Classification:323100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01DENISE KELLY
0012017-01-01DENISE KELLY
0012016-01-01DENISE KELLY
0012015-01-01DENISE KELLY
0012014-01-01TIMOTHY MCCANN
0012013-01-01JOANNE CANTIELLO
0012012-01-01TIMOTHY MCCANN TIMOTHY MCCANN2013-06-21
0012011-01-01TIMOTHY MCCANN
0012010-01-01TIMOTHY MCCANN
0012009-01-01TIMOTHY MCCANN

Plan Statistics for IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN

401k plan membership statisitcs for IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN

Measure Date Value
2022: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0136
Total number of active participants reported on line 7a of the Form 55002022-01-0135
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-014
Total of all active and inactive participants2022-01-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-0141
Number of participants with account balances2022-01-0135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0138
Total number of active participants reported on line 7a of the Form 55002021-01-0128
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-017
Total of all active and inactive participants2021-01-0135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-0136
Number of participants with account balances2021-01-0135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-013
2020: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0139
Total number of active participants reported on line 7a of the Form 55002020-01-0132
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-015
Total of all active and inactive participants2020-01-0137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-0138
Number of participants with account balances2020-01-0137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0142
Total number of active participants reported on line 7a of the Form 55002019-01-0131
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-017
Total of all active and inactive participants2019-01-0138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-0139
Number of participants with account balances2019-01-0138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-014
2018: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0146
Total number of active participants reported on line 7a of the Form 55002018-01-0136
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-015
Total of all active and inactive participants2018-01-0141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-0142
Number of participants with account balances2018-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-012
2017: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0146
Total number of active participants reported on line 7a of the Form 55002017-01-0139
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-017
Total of all active and inactive participants2017-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0146
Number of participants with account balances2017-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0148
Total number of active participants reported on line 7a of the Form 55002016-01-0141
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-015
Total of all active and inactive participants2016-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0146
Number of participants with account balances2016-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011
2015: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0149
Total number of active participants reported on line 7a of the Form 55002015-01-0142
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-016
Total of all active and inactive participants2015-01-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0148
Number of participants with account balances2015-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011
2014: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0150
Total number of active participants reported on line 7a of the Form 55002014-01-0144
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-015
Total of all active and inactive participants2014-01-0149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0149
Number of participants with account balances2014-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0155
Total number of active participants reported on line 7a of the Form 55002013-01-0146
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-014
Total of all active and inactive participants2013-01-0150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0150
Number of participants with account balances2013-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0155
Total number of active participants reported on line 7a of the Form 55002012-01-0146
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-019
Total of all active and inactive participants2012-01-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0155
Number of participants with account balances2012-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-013
2011: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0153
Total number of active participants reported on line 7a of the Form 55002011-01-0148
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-016
Total of all active and inactive participants2011-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-011
Total participants2011-01-0155
Number of participants with account balances2011-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-013
2010: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0153
Total number of active participants reported on line 7a of the Form 55002010-01-0147
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-016
Total of all active and inactive participants2010-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0153
Number of participants with account balances2010-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-012
2009: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0157
Total number of active participants reported on line 7a of the Form 55002009-01-0148
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0153
Number of participants with account balances2009-01-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-014

Financial Data on IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN

Measure Date Value
2022 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-712,057
Expenses. Total of all expenses incurred2022-12-31$1,471,923
Benefits paid (including direct rollovers)2022-12-31$1,441,849
Total plan assets at end of year2022-12-31$5,187,507
Total plan assets at beginning of year2022-12-31$7,371,487
Value of fidelity bond covering the plan2022-12-31$500,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$249,973
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-999,850
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-2,183,980
Net plan assets at end of year (total assets less liabilities)2022-12-31$5,187,507
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$7,371,487
Assets. Value of participant loans2022-12-31$70,394
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$37,820
Value of certain deemed distributions of participant loans2022-12-31$474
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$29,600
2021 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,146,202
Expenses. Total of all expenses incurred2021-12-31$288,589
Benefits paid (including direct rollovers)2021-12-31$255,211
Total plan assets at end of year2021-12-31$7,371,487
Total plan assets at beginning of year2021-12-31$6,513,874
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$221,973
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$144,629
Other income received2021-12-31$752,122
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$857,613
Net plan assets at end of year (total assets less liabilities)2021-12-31$7,371,487
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$6,513,874
Assets. Value of participant loans2021-12-31$67,133
Total contributions received or receivable from employer(s)2021-12-31$27,478
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$33,378
2020 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$664,427
Expenses. Total of all expenses incurred2020-12-31$242,091
Benefits paid (including direct rollovers)2020-12-31$213,154
Total plan assets at end of year2020-12-31$6,513,874
Total plan assets at beginning of year2020-12-31$6,091,538
Value of fidelity bond covering the plan2020-12-31$500,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$199,476
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$440,005
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$422,336
Net plan assets at end of year (total assets less liabilities)2020-12-31$6,513,874
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$6,091,538
Assets. Value of participant loans2020-12-31$94,863
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$24,946
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$28,937
2019 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,176,169
Expenses. Total of all expenses incurred2019-12-31$131,614
Benefits paid (including direct rollovers)2019-12-31$111,721
Total plan assets at end of year2019-12-31$6,091,538
Total plan assets at beginning of year2019-12-31$5,046,983
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$195,795
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$957,567
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$1,044,555
Net plan assets at end of year (total assets less liabilities)2019-12-31$6,091,538
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$5,046,983
Assets. Value of participant loans2019-12-31$142,557
Total contributions received or receivable from employer(s)2019-12-31$22,807
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$19,893
2018 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-21,566
Expenses. Total of all expenses incurred2018-12-31$741,980
Benefits paid (including direct rollovers)2018-12-31$723,660
Total plan assets at end of year2018-12-31$5,046,983
Total plan assets at beginning of year2018-12-31$5,810,529
Value of fidelity bond covering the plan2018-12-31$500,000
Total contributions received or receivable from participants2018-12-31$189,078
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-236,079
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-763,546
Net plan assets at end of year (total assets less liabilities)2018-12-31$5,046,983
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$5,810,529
Assets. Value of participant loans2018-12-31$193,114
Total contributions received or receivable from employer(s)2018-12-31$25,435
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$18,320
2017 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
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$907,520
Expenses. Total of all expenses incurred2017-12-31$96,170
Benefits paid (including direct rollovers)2017-12-31$73,530
Total plan assets at end of year2017-12-31$5,810,529
Total plan assets at beginning of year2017-12-31$4,999,179
Value of fidelity bond covering the plan2017-12-31$500,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$166,177
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$717,560
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$811,350
Net plan assets at end of year (total assets less liabilities)2017-12-31$5,810,529
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$4,999,179
Assets. Value of participant loans2017-12-31$161,753
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$23,783
Value of certain deemed distributions of participant loans2017-12-31$5,476
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$17,164
2016 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
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$506,331
Expenses. Total of all expenses incurred2016-12-31$84,426
Benefits paid (including direct rollovers)2016-12-31$67,709
Total plan assets at end of year2016-12-31$4,999,179
Total plan assets at beginning of year2016-12-31$4,577,274
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$165,895
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$318,174
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$421,905
Net plan assets at end of year (total assets less liabilities)2016-12-31$4,999,179
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$4,577,274
Assets. Value of participant loans2016-12-31$225,784
Total contributions received or receivable from employer(s)2016-12-31$22,262
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$16,717
2015 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
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$195,868
Expenses. Total of all expenses incurred2015-12-31$122,009
Benefits paid (including direct rollovers)2015-12-31$105,959
Total plan assets at end of year2015-12-31$4,577,274
Total plan assets at beginning of year2015-12-31$4,503,415
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$175,403
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-2,223
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$73,859
Net plan assets at end of year (total assets less liabilities)2015-12-31$4,577,274
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$4,503,415
Assets. Value of participant loans2015-12-31$152,944
Total contributions received or receivable from employer(s)2015-12-31$22,688
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$16,050
2014 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
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$534,082
Expenses. Total of all expenses incurred2014-12-31$516,428
Benefits paid (including direct rollovers)2014-12-31$496,217
Total plan assets at end of year2014-12-31$4,503,415
Total plan assets at beginning of year2014-12-31$4,485,761
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$201,503
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$62,878
Other income received2014-12-31$246,372
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$17,654
Net plan assets at end of year (total assets less liabilities)2014-12-31$4,503,415
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$4,485,761
Assets. Value of participant loans2014-12-31$206,414
Total contributions received or receivable from employer(s)2014-12-31$23,329
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$3,075
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$17,136
2013 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$902,407
Expenses. Total of all expenses incurred2013-12-31$189,755
Benefits paid (including direct rollovers)2013-12-31$165,412
Total plan assets at end of year2013-12-31$4,485,761
Total plan assets at beginning of year2013-12-31$3,773,109
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$191,821
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$688,485
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$712,652
Net plan assets at end of year (total assets less liabilities)2013-12-31$4,485,761
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$3,773,109
Assets. Value of participant loans2013-12-31$143,039
Total contributions received or receivable from employer(s)2013-12-31$22,101
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$4,929
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$19,414
2012 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$597,503
Expenses. Total of all expenses incurred2012-12-31$75,094
Benefits paid (including direct rollovers)2012-12-31$65,804
Total plan assets at end of year2012-12-31$3,773,109
Total plan assets at beginning of year2012-12-31$3,250,700
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$190,222
Other income received2012-12-31$380,810
Net income (gross income less expenses)2012-12-31$522,409
Net plan assets at end of year (total assets less liabilities)2012-12-31$3,773,109
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$3,250,700
Assets. Value of participant loans2012-12-31$147,644
Total contributions received or receivable from employer(s)2012-12-31$26,471
Value of corrective distributions2012-12-31$7,877
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,413
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$168,371
Expenses. Total of all expenses incurred2011-12-31$161,028
Benefits paid (including direct rollovers)2011-12-31$152,504
Total plan assets at end of year2011-12-31$3,250,700
Total plan assets at beginning of year2011-12-31$3,243,357
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$184,057
Other income received2011-12-31$-52,194
Net income (gross income less expenses)2011-12-31$7,343
Net plan assets at end of year (total assets less liabilities)2011-12-31$3,250,700
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$3,243,357
Assets. Value of participant loans2011-12-31$149,601
Total contributions received or receivable from employer(s)2011-12-31$36,508
Value of corrective distributions2011-12-31$7,011
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,513
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$497,058
Expenses. Total of all expenses incurred2010-12-31$31,239
Benefits paid (including direct rollovers)2010-12-31$7,723
Total plan assets at end of year2010-12-31$3,243,357
Total plan assets at beginning of year2010-12-31$2,777,538
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$170,491
Other income received2010-12-31$296,455
Net income (gross income less expenses)2010-12-31$465,819
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,243,357
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,777,538
Assets. Value of participant loans2010-12-31$101,998
Total contributions received or receivable from employer(s)2010-12-31$30,112
Value of corrective distributions2010-12-31$22,822
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$694
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN

2022: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
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
2021: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 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 filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 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
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 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 – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 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 – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 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 – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 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 – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 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 funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: IDENTIFICATION PRODUCTS CORPORATION 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
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 funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number815173
Policy instance 1
Insurance contract or identification number815173
Number of Individuals Covered3
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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