401k Plan data: BINOPTICS CORPORATION 401(K) PLAN plan

BINOPTICS CORPORATION 401(K) PLAN 401k Plan overview

Plan Name	BINOPTICS CORPORATION 401(K) PLAN
Plan identification number	001

BINOPTICS CORPORATION 401(K) PLAN Benefits

401k Plan Type

Defined 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.

401k Sponsoring company profile

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

Company Name: BINOPTICS CORPORATION

Employer identification number (EIN): 141828506

NAIC Classification: 334410

Additional information about BINOPTICS CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 3334209

More information about BINOPTICS CORPORATION

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2015-01-01 MICHAEL NEWMAN
001 2014-01-01 MICHAEL NEWMAN
001 2013-01-01 HOLLY SORRELL
001 2012-01-01 HOLLY SORRELL HOLLY SORRELL 2013-08-15
001 2011-01-01 ALEX BEHFAR
001 2009-01-01 ALEX BEHFAR

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2015-01-01	MICHAEL NEWMAN
001	2014-01-01	MICHAEL NEWMAN
001	2013-01-01	HOLLY SORRELL
001	2012-01-01	HOLLY SORRELL	HOLLY SORRELL	2013-08-15
001	2011-01-01	ALEX BEHFAR
001	2009-01-01	ALEX BEHFAR

Plan Statistics for BINOPTICS CORPORATION 401(K) PLAN

401k plan membership statisitcs for BINOPTICS CORPORATION 401(K) PLAN

Measure Date Value
2015: BINOPTICS CORPORATION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 117
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 0
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 0
Number of participants with account balances 2015-01-01 0
2014: BINOPTICS CORPORATION 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 97
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 112
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 5
Total of all active and inactive participants 2014-01-01 117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 117
Number of participants with account balances 2014-01-01 78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: BINOPTICS CORPORATION 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 66
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 90
Number of other retired or separated participants entitled to future benefits 2013-01-01 7
Total of all active and inactive participants 2013-01-01 97
Total participants 2013-01-01 97
Number of participants with account balances 2013-01-01 56
2012: BINOPTICS CORPORATION 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 63
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 61
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 5
Total of all active and inactive participants 2012-01-01 66
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 66
Number of participants with account balances 2012-01-01 44
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: BINOPTICS CORPORATION 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 47
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 47
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 3
Total of all active and inactive participants 2011-01-01 50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 50
Number of participants with account balances 2011-01-01 38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: BINOPTICS CORPORATION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 65
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 40
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 12
Total of all active and inactive participants 2009-01-01 52
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 52
Number of participants with account balances 2009-01-01 35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2015: BINOPTICS CORPORATION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	117
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	0
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	0
Number of participants with account balances	2015-01-01	0
2014: BINOPTICS CORPORATION 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	97
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	112
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	5
Total of all active and inactive participants	2014-01-01	117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	117
Number of participants with account balances	2014-01-01	78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: BINOPTICS CORPORATION 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	66
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	90
Number of other retired or separated participants entitled to future benefits	2013-01-01	7
Total of all active and inactive participants	2013-01-01	97
Total participants	2013-01-01	97
Number of participants with account balances	2013-01-01	56
2012: BINOPTICS CORPORATION 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	63
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	61
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	5
Total of all active and inactive participants	2012-01-01	66
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	66
Number of participants with account balances	2012-01-01	44
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: BINOPTICS CORPORATION 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	47
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	47
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	3
Total of all active and inactive participants	2011-01-01	50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	50
Number of participants with account balances	2011-01-01	38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: BINOPTICS CORPORATION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	65
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	40
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	12
Total of all active and inactive participants	2009-01-01	52
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	52
Number of participants with account balances	2009-01-01	35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on BINOPTICS CORPORATION 401(K) PLAN

Measure	Date	Value
2015 : BINOPTICS CORPORATION 401(K) PLAN 2015 401k financial data
Transfers to/from the plan	2015-08-31	$0
Total plan liabilities at end of year	2015-08-31	$0
Total plan liabilities at beginning of year	2015-08-31	$0
Total income from all sources	2015-08-31	$186,263
Expenses. Total of all expenses incurred	2015-08-31	$4,482,227
Benefits paid (including direct rollovers)	2015-08-31	$4,480,399
Total plan assets at end of year	2015-08-31	$0
Total plan assets at beginning of year	2015-08-31	$4,295,964
Value of fidelity bond covering the plan	2015-08-31	$300,000
Total contributions received or receivable from participants	2015-08-31	$0
Expenses. Other expenses not covered elsewhere	2015-08-31	$0
Contributions received from other sources (not participants or employers)	2015-08-31	$0
Other income received	2015-08-31	$186,263
Noncash contributions received	2015-08-31	$0
Net income (gross income less expenses)	2015-08-31	$-4,295,964
Net plan assets at end of year (total assets less liabilities)	2015-08-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2015-08-31	$4,295,964
Assets. Value of participant loans	2015-08-31	$0
Total contributions received or receivable from employer(s)	2015-08-31	$0
Value of certain deemed distributions of participant loans	2015-08-31	$0
Value of corrective distributions	2015-08-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-08-31	$1,828
2014 : BINOPTICS CORPORATION 401(K) PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$1,225,257
Expenses. Total of all expenses incurred	2014-12-31	$133,180
Benefits paid (including direct rollovers)	2014-12-31	$132,468
Total plan assets at end of year	2014-12-31	$4,295,964
Total plan assets at beginning of year	2014-12-31	$3,203,887
Value of fidelity bond covering the plan	2014-12-31	$300,000
Total contributions received or receivable from participants	2014-12-31	$374,531
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$390,510
Other income received	2014-12-31	$291,664
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$1,092,077
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$4,295,964
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$3,203,887
Assets. Value of participant loans	2014-12-31	$4,356
Total contributions received or receivable from employer(s)	2014-12-31	$168,552
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$712
2013 : BINOPTICS CORPORATION 401(K) PLAN 2013 401k financial data
Transfers to/from the plan	2013-12-31	$0
Total plan liabilities at end of year	2013-12-31	$0
Total income from all sources	2013-12-31	$1,200,623
Expenses. Total of all expenses incurred	2013-12-31	$65,312
Benefits paid (including direct rollovers)	2013-12-31	$64,938
Total plan assets at end of year	2013-12-31	$3,203,887
Total plan assets at beginning of year	2013-12-31	$2,068,576
Value of fidelity bond covering the plan	2013-12-31	$300,000
Total contributions received or receivable from participants	2013-12-31	$298,586
Expenses. Other expenses not covered elsewhere	2013-12-31	$0
Contributions received from other sources (not participants or employers)	2013-12-31	$155,512
Other income received	2013-12-31	$616,885
Noncash contributions received	2013-12-31	$0
Net income (gross income less expenses)	2013-12-31	$1,135,311
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$3,203,887
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$2,068,576
Assets. Value of participant loans	2013-12-31	$6,953
Total contributions received or receivable from employer(s)	2013-12-31	$129,640
Value of certain deemed distributions of participant loans	2013-12-31	$0
Value of corrective distributions	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$374
2012 : BINOPTICS CORPORATION 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$728,600
Expenses. Total of all expenses incurred	2012-12-31	$223,653
Benefits paid (including direct rollovers)	2012-12-31	$223,075
Total plan assets at end of year	2012-12-31	$2,068,576
Total plan assets at beginning of year	2012-12-31	$1,563,629
Value of fidelity bond covering the plan	2012-12-31	$300,000
Total contributions received or receivable from participants	2012-12-31	$244,312
Contributions received from other sources (not participants or employers)	2012-12-31	$133,413
Other income received	2012-12-31	$238,548
Net income (gross income less expenses)	2012-12-31	$504,947
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$2,068,576
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,563,629
Assets. Value of participant loans	2012-12-31	$15,484
Total contributions received or receivable from employer(s)	2012-12-31	$112,327
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$578
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : BINOPTICS CORPORATION 401(K) PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$291,860
Expenses. Total of all expenses incurred	2011-12-31	$7,041
Benefits paid (including direct rollovers)	2011-12-31	$6,628
Total plan assets at end of year	2011-12-31	$1,563,629
Total plan assets at beginning of year	2011-12-31	$1,278,810
Value of fidelity bond covering the plan	2011-12-31	$200,000
Total contributions received or receivable from participants	2011-12-31	$204,513
Contributions received from other sources (not participants or employers)	2011-12-31	$16,661
Other income received	2011-12-31	$-24,713
Net income (gross income less expenses)	2011-12-31	$284,819
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,563,629
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$1,278,810
Assets. Value of participant loans	2011-12-31	$15,080
Total contributions received or receivable from employer(s)	2011-12-31	$95,399
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$413
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : BINOPTICS CORPORATION 401(K) PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$422,114
Expenses. Total of all expenses incurred	2010-12-31	$96,054
Benefits paid (including direct rollovers)	2010-12-31	$95,396
Total plan assets at end of year	2010-12-31	$1,278,810
Total plan assets at beginning of year	2010-12-31	$952,750
Value of fidelity bond covering the plan	2010-12-31	$100,000
Total contributions received or receivable from participants	2010-12-31	$178,643
Other income received	2010-12-31	$159,024
Net income (gross income less expenses)	2010-12-31	$326,060
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,278,810
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$952,750
Assets. Value of participant loans	2010-12-31	$15,563
Total contributions received or receivable from employer(s)	2010-12-31	$84,447
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$658
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : BINOPTICS 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 securities	2009-12-31	$0

Form 5500 Responses for BINOPTICS CORPORATION 401(K) PLAN

2015: BINOPTICS CORPORATION 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	Yes
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: BINOPTICS CORPORATION 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: BINOPTICS CORPORATION 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: BINOPTICS CORPORATION 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: BINOPTICS CORPORATION 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: BINOPTICS CORPORATION 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	BINOPTICS CORPORATION
Employer identification number (EIN):	141828506
NAIC Classification:	334410

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	3334209