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OWN INSTRUMENT, INC. RETIREMENT TRUST 401k Plan overview

Plan NameOWN INSTRUMENT, INC. RETIREMENT TRUST
Plan identification number 002

OWN INSTRUMENT, INC. RETIREMENT TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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

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

Company Name:OWN INSTRUMENT, INC.
Employer identification number (EIN):132605844
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about OWN INSTRUMENT, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1968-01-09
Company Identification Number: 218363
Legal Registered Office Address: 250 EAST 7TH STREET
Westchester
MOUNT VERNON
United States of America (USA)
10550

More information about OWN INSTRUMENT, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OWN INSTRUMENT, INC. RETIREMENT TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022018-01-01
0022017-03-01
0022016-03-01
0022015-03-01
0022014-03-01KATRINA CHAPINS2015-12-15
0022013-03-01KATRINA CHAPINS2015-12-15
0022012-03-01KATRINA CHAPINS2013-12-16
0022011-03-01GERALD CHAPINS2012-12-13
0022009-03-01GERALD CHAPINS

Plan Statistics for OWN INSTRUMENT, INC. RETIREMENT TRUST

401k plan membership statisitcs for OWN INSTRUMENT, INC. RETIREMENT TRUST

Measure Date Value
2009: OWN INSTRUMENT, INC. RETIREMENT TRUST 2009 401k membership
Total participants, beginning-of-year2009-03-0110
Total number of active participants reported on line 7a of the Form 55002009-03-019
Number of retired or separated participants receiving benefits2009-03-010
Number of other retired or separated participants entitled to future benefits2009-03-014
Total of all active and inactive participants2009-03-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-03-010
Total participants2009-03-0113
Number of participants with account balances2009-03-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-03-011

Financial Data on OWN INSTRUMENT, INC. RETIREMENT TRUST

Measure Date Value
2011 : OWN INSTRUMENT, INC. RETIREMENT TRUST 2011 401k financial data
Transfers to/from the plan2011-02-28$0
Total plan liabilities at end of year2011-02-28$0
Total plan liabilities at beginning of year2011-02-28$352
Total income from all sources2011-02-28$191,376
Expenses. Total of all expenses incurred2011-02-28$20,333
Benefits paid (including direct rollovers)2011-02-28$4,075
Total plan assets at end of year2011-02-28$2,070,458
Total plan assets at beginning of year2011-02-28$1,899,767
Value of fidelity bond covering the plan2011-02-28$500,000
Total contributions received or receivable from participants2011-02-28$16,727
Expenses. Other expenses not covered elsewhere2011-02-28$10,805
Contributions received from other sources (not participants or employers)2011-02-28$0
Other income received2011-02-28$165,980
Noncash contributions received2011-02-28$0
Net income (gross income less expenses)2011-02-28$171,043
Net plan assets at end of year (total assets less liabilities)2011-02-28$2,070,458
Net plan assets at beginning of year (total assets less liabilities)2011-02-28$1,899,415
Total contributions received or receivable from employer(s)2011-02-28$8,669
Value of certain deemed distributions of participant loans2011-02-28$0
Value of corrective distributions2011-02-28$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-02-28$5,453
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-02-28$0

Form 5500 Responses for OWN INSTRUMENT, INC. RETIREMENT TRUST

2009: OWN INSTRUMENT, INC. RETIREMENT TRUST 2009 form 5500 responses
2009-03-01Type of plan entitySingle employer plan
2009-03-01Submission has been amendedNo
2009-03-01This submission is the final filingNo
2009-03-01This return/report is a short plan year return/report (less than 12 months)No
2009-03-01Plan is a collectively bargained planNo
2009-03-01Plan funding arrangement – InsuranceYes
2009-03-01Plan funding arrangement – TrustYes
2009-03-01Plan benefit arrangement – InsuranceYes
2009-03-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66680 )
Policy contract number0304520
Policy instance 1
Insurance contract or identification number0304520
Number of Individuals Covered4
Insurance policy start date2010-03-01
Insurance policy end date2011-02-28
Total amount of commissions paid to insurance brokerUSD $615
Total amount of fees paid to insurance companyUSD $128
Are there contracts with allocated funds for individual policies?Yes
Are there contracts with allocated funds for group deferred annuity?No
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 Administration0
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 BenefitYes
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
UNION CENTRAL LIFE INSURANCE CO. (National Association of Insurance Commissioners NAIC id number: 80837 )
Policy contract numberE71 8931
Policy instance 2
Insurance contract or identification numberE71 8931
Number of Individuals Covered9
Insurance policy start date2010-03-01
Insurance policy end date2011-02-28
Total amount of commissions paid to insurance brokerUSD $4,176
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
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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