DURATEC LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SPIN-OFF TERMINATION PLAN FOR NATIONAL VINYL PRODUCTS
401k plan membership statisitcs for SPIN-OFF TERMINATION PLAN FOR NATIONAL VINYL PRODUCTS
| Measure | Date | Value |
|---|
| 2022: SPIN-OFF TERMINATION PLAN FOR NATIONAL VINYL PRODUCTS 2022 401k membership |
|---|
| Total participants, beginning-of-year | 2022-01-01 | 279 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 5 |
| Number of retired or separated participants receiving benefits | 2022-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 16 |
| Total of all active and inactive participants | 2022-01-01 | 21 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
| Total participants | 2022-01-01 | 21 |
| Number of participants with account balances | 2022-01-01 | 21 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2022 : SPIN-OFF TERMINATION PLAN FOR NATIONAL VINYL PRODUCTS 2022 401k financial data |
|---|
| Total income from all sources (including contributions) | 2022-12-31 | $-44,087 |
| Total of all expenses incurred | 2022-12-31 | $860,778 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $850,215 |
| Value of total assets at end of year | 2022-12-31 | $24,674 |
| Value of total assets at beginning of year | 2022-12-31 | $929,539 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $10,563 |
| Total interest from all sources | 2022-12-31 | $289 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2022-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2022-12-31 | No |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Participant contributions at end of year | 2022-12-31 | $0 |
| Participant contributions at beginning of year | 2022-12-31 | $17,327 |
| Administrative expenses (other) incurred | 2022-12-31 | $10,563 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-904,865 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $24,674 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $929,539 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $23,894 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $912,188 |
| Interest on participant loans | 2022-12-31 | $285 |
| Interest earned on other investments | 2022-12-31 | $4 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $780 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $24 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-44,376 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $850,215 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | No |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | SKIDMORE AND OLAUSSON |
| Accountancy firm EIN | 2022-12-31 | 208950260 |
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