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BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameBYSTRONIC INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

BYSTRONIC INC. 401(K) PROFIT SHARING 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BYSTRONIC, INC. has sponsored the creation of one or more 401k plans.

Company Name:BYSTRONIC, INC.
Employer identification number (EIN):112473193
NAIC Classification:423800

Additional information about BYSTRONIC, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1978-03-22
Company Identification Number: 478568
Legal Registered Office Address: 2200 W. CENTRAL RD.
Nassau
HOFFMAN ESTATES
United States of America (USA)
60192

More information about BYSTRONIC, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BYSTRONIC INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012018-01-01
0012017-01-01NANCY OFFDENKAMP
0012016-01-01NANCY OFFDENKAMP
0012015-01-01DEBORAH LUSK2016-07-20
0012014-01-01DEBORAH LUSK2015-06-19
0012013-01-01DEBORAH LUSK2014-06-23
0012012-01-01DEBORAH LUSK2013-07-02
0012011-01-01DAVID BURCHFIELD2012-10-09
0012009-01-01MELANIE KAPLAN

Plan Statistics for BYSTRONIC INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for BYSTRONIC INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01230
Total number of active participants reported on line 7a of the Form 55002022-01-01245
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0148
Total of all active and inactive participants2022-01-01293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01293
Number of participants with account balances2022-01-01288
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0127
2021: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01188
Total number of active participants reported on line 7a of the Form 55002021-01-01189
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0141
Total of all active and inactive participants2021-01-01230
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01230
Number of participants with account balances2021-01-01160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0113
2020: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01176
Total number of active participants reported on line 7a of the Form 55002020-01-01151
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0137
Total of all active and inactive participants2020-01-01188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01188
Number of participants with account balances2020-01-01141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-018
2019: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01158
Total number of active participants reported on line 7a of the Form 55002019-01-01150
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0126
Total of all active and inactive participants2019-01-01176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01176
Number of participants with account balances2019-01-01126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-014
2018: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01136
Total number of active participants reported on line 7a of the Form 55002018-01-01129
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0129
Total of all active and inactive participants2018-01-01158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01158
Number of participants with account balances2018-01-01113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-018
2017: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01123
Total number of active participants reported on line 7a of the Form 55002017-01-01107
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0131
Total of all active and inactive participants2017-01-01138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01138
Number of participants with account balances2017-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0113
2016: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01129
Total number of active participants reported on line 7a of the Form 55002016-01-01107
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0116
Total of all active and inactive participants2016-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01123
Number of participants with account balances2016-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-014
2009: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01105
Total number of active participants reported on line 7a of the Form 55002009-01-0170
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0118
Total of all active and inactive participants2009-01-0188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0188
Number of participants with account balances2009-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-018

Financial Data on BYSTRONIC INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 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$8,084
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-504,162
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$702,990
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$611,451
Value of total corrective distributions2022-12-31$8,084
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,334,873
Value of total assets at end of year2022-12-31$16,570,554
Value of total assets at beginning of year2022-12-31$17,769,622
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$83,455
Total interest from all sources2022-12-31$10,303
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$401,617
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$401,617
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
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$1,569,327
Participant contributions at end of year2022-12-31$206,535
Participant contributions at beginning of year2022-12-31$250,402
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$122,984
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$8,084
Administrative expenses (other) incurred2022-12-31$34,414
Total non interest bearing cash at end of year2022-12-31$1,013
Total non interest bearing cash at beginning of year2022-12-31$1,106
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,207,152
Value of net assets at end of year (total assets less liabilities)2022-12-31$16,562,470
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$17,769,622
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
Investment advisory and management fees2022-12-31$49,041
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$13,269,365
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$15,299,811
Interest on participant loans2022-12-31$10,303
Value of interest in common/collective trusts at end of year2022-12-31$2,948,756
Value of interest in common/collective trusts at beginning of year2022-12-31$2,180,913
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,317,510
Net investment gain or loss from common/collective trusts2022-12-31$66,555
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$642,562
Employer contributions (assets) at end of year2022-12-31$144,885
Employer contributions (assets) at beginning of year2022-12-31$37,390
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$611,451
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 name2022-12-31JMM CPA
Accountancy firm EIN2022-12-31472940358
2021 : BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$8,577
Total income from all sources (including contributions)2021-12-31$3,375,066
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,790,324
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,705,172
Value of total corrective distributions2021-12-31$5,451
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,532,057
Value of total assets at end of year2021-12-31$17,769,622
Value of total assets at beginning of year2021-12-31$16,193,457
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$79,701
Total interest from all sources2021-12-31$9,144
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,608,800
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,608,800
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,063,129
Participant contributions at end of year2021-12-31$250,402
Participant contributions at beginning of year2021-12-31$189,466
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$32,468
Administrative expenses (other) incurred2021-12-31$65,539
Total non interest bearing cash at end of year2021-12-31$1,106
Total non interest bearing cash at beginning of year2021-12-31$11,555
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,584,742
Value of net assets at end of year (total assets less liabilities)2021-12-31$17,769,622
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$16,184,880
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$14,162
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$15,299,811
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$14,455,677
Interest on participant loans2021-12-31$9,144
Value of interest in common/collective trusts at end of year2021-12-31$2,180,913
Value of interest in common/collective trusts at beginning of year2021-12-31$1,534,882
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$183,400
Net investment gain or loss from common/collective trusts2021-12-31$41,665
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$436,460
Employer contributions (assets) at end of year2021-12-31$37,390
Employer contributions (assets) at beginning of year2021-12-31$1,877
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,705,172
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$8,577
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31JMM CPA
Accountancy firm EIN2021-12-31472940358
2020 : BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$8,577
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$2,654
Total income from all sources (including contributions)2020-12-31$4,031,010
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$905,788
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$830,408
Value of total corrective distributions2020-12-31$8,577
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,493,954
Value of total assets at end of year2020-12-31$16,193,457
Value of total assets at beginning of year2020-12-31$13,062,312
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$66,803
Total interest from all sources2020-12-31$8,985
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$399,947
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$399,947
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$923,404
Participant contributions at end of year2020-12-31$189,466
Participant contributions at beginning of year2020-12-31$159,027
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$23
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$184,240
Administrative expenses (other) incurred2020-12-31$56,821
Total non interest bearing cash at end of year2020-12-31$11,555
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$3,125,222
Value of net assets at end of year (total assets less liabilities)2020-12-31$16,184,880
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$13,059,658
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$9,982
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$14,455,677
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$11,365,020
Interest on participant loans2020-12-31$8,985
Value of interest in common/collective trusts at end of year2020-12-31$1,534,882
Value of interest in common/collective trusts at beginning of year2020-12-31$1,524,037
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$13,993
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$13,993
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$2,093,519
Net investment gain or loss from common/collective trusts2020-12-31$34,605
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$386,310
Employer contributions (assets) at end of year2020-12-31$1,877
Employer contributions (assets) at beginning of year2020-12-31$212
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$830,408
Liabilities. Value of benefit claims payable at end of year2020-12-31$8,577
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$2,654
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31JJM CPA
Accountancy firm EIN2020-12-31472940358
2019 : BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$2,654
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$3,336,769
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$990,800
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$944,943
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,538,759
Value of total assets at end of year2019-12-31$13,062,312
Value of total assets at beginning of year2019-12-31$10,713,689
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$45,857
Total interest from all sources2019-12-31$7,393
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$239,656
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$239,656
Administrative expenses professional fees incurred2019-12-31$15,039
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$983,402
Participant contributions at end of year2019-12-31$159,027
Participant contributions at beginning of year2019-12-31$87,597
Assets. Other investments not covered elsewhere at end of year2019-12-31$23
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$198,667
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,345,969
Value of net assets at end of year (total assets less liabilities)2019-12-31$13,059,658
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$10,713,689
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$30,818
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$11,365,020
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$8,811,451
Interest on participant loans2019-12-31$6,010
Value of interest in common/collective trusts at end of year2019-12-31$1,524,037
Value of interest in common/collective trusts at beginning of year2019-12-31$1,814,641
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$13,993
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$1,383
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,506,950
Net investment gain or loss from common/collective trusts2019-12-31$44,011
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$356,690
Employer contributions (assets) at end of year2019-12-31$212
Employer contributions (assets) at beginning of year2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$944,943
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
Liabilities. Value of benefit claims payable at end of year2019-12-31$2,654
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31JJM CPA
Accountancy firm EIN2019-12-31472940358
2018 : BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$512,435
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$245,773
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$230,495
Expenses. Certain deemed distributions of participant loans2018-12-31$12,722
Value of total corrective distributions2018-12-31$1,066
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,174,989
Value of total assets at end of year2018-12-31$10,713,689
Value of total assets at beginning of year2018-12-31$10,447,027
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$1,490
Total interest from all sources2018-12-31$4,448
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,019,148
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$1,019,148
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$821,859
Participant contributions at end of year2018-12-31$87,597
Participant contributions at beginning of year2018-12-31$83,307
Assets. Other investments not covered elsewhere at end of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$61,663
Other income not declared elsewhere2018-12-31$354
Administrative expenses (other) incurred2018-12-31$1,490
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$266,662
Value of net assets at end of year (total assets less liabilities)2018-12-31$10,713,689
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$10,447,027
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$8,811,451
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$8,602,527
Interest on participant loans2018-12-31$4,448
Value of interest in common/collective trusts at end of year2018-12-31$1,814,641
Value of interest in common/collective trusts at beginning of year2018-12-31$1,761,193
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,691,571
Net investment gain or loss from common/collective trusts2018-12-31$5,067
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$291,467
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$230,495
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31JMM CPA
Accountancy firm EIN2018-12-31472940358
2017 : BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$0
Total transfer of assets from this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$2,529,145
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$325,842
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$323,229
Expenses. Certain deemed distributions of participant loans2017-12-31$254
Value of total corrective distributions2017-12-31$809
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$983,185
Value of total assets at end of year2017-12-31$10,447,027
Value of total assets at beginning of year2017-12-31$8,243,724
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,550
Total interest from all sources2017-12-31$3,673
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$446,424
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$446,424
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$699,345
Participant contributions at end of year2017-12-31$83,307
Participant contributions at beginning of year2017-12-31$105,811
Other income not declared elsewhere2017-12-31$142
Administrative expenses (other) incurred2017-12-31$1,550
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$2,203,303
Value of net assets at end of year (total assets less liabilities)2017-12-31$10,447,027
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$8,243,724
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$8,602,527
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$6,479,947
Interest on participant loans2017-12-31$3,673
Value of interest in common/collective trusts at end of year2017-12-31$1,761,193
Value of interest in common/collective trusts at beginning of year2017-12-31$1,657,966
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$979,724
Net investment gain or loss from common/collective trusts2017-12-31$115,997
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$283,840
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$323,229
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31JMM CPA
Accountancy firm EIN2017-12-31472940358
2016 : BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$0
Total transfer of assets from this plan2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$1,327,478
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$466,549
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$464,986
Expenses. Certain deemed distributions of participant loans2016-12-31$238
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$762,079
Value of total assets at end of year2016-12-31$8,243,724
Value of total assets at beginning of year2016-12-31$7,382,795
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,325
Total interest from all sources2016-12-31$4,804
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$386,505
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$386,505
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$546,476
Participant contributions at end of year2016-12-31$105,811
Participant contributions at beginning of year2016-12-31$129,354
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$2,096
Administrative expenses (other) incurred2016-12-31$1,325
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$860,929
Value of net assets at end of year (total assets less liabilities)2016-12-31$8,243,724
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$7,382,795
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$6,479,947
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$6,064,602
Interest on participant loans2016-12-31$4,804
Value of interest in common/collective trusts at end of year2016-12-31$1,657,966
Value of interest in common/collective trusts at beginning of year2016-12-31$1,188,839
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$102,269
Net investment gain or loss from common/collective trusts2016-12-31$71,821
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$213,507
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$464,986
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BDO USA, LLP
Accountancy firm EIN2016-12-31135381590
2010 : BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$979,071
Expenses. Total of all expenses incurred2010-12-31$508,060
Benefits paid (including direct rollovers)2010-12-31$503,752
Total plan assets at end of year2010-12-31$4,568,036
Total plan assets at beginning of year2010-12-31$4,097,025
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$286,851
Contributions received from other sources (not participants or employers)2010-12-31$14,112
Other income received2010-12-31$521,158
Net income (gross income less expenses)2010-12-31$471,011
Net plan assets at end of year (total assets less liabilities)2010-12-31$4,568,036
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$4,097,025
Assets. Value of participant loans2010-12-31$122,261
Total contributions received or receivable from employer(s)2010-12-31$156,950
Value of corrective distributions2010-12-31$3,108
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,200
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : BYSTRONIC INC. 401(K) PROFIT SHARING 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 BYSTRONIC INC. 401(K) PROFIT SHARING PLAN

2022: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BYSTRONIC INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BYSTRONIC INC. 401(K) PROFIT SHARING 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: BYSTRONIC INC. 401(K) PROFIT SHARING 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: BYSTRONIC INC. 401(K) PROFIT SHARING 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
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: BYSTRONIC INC. 401(K) PROFIT SHARING 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
2009: BYSTRONIC INC. 401(K) PROFIT SHARING 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 is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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