ONWARD MANUFACTURING COMPANY, LTD. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan ONWARD MANUFACTURING 401(K) PLAN
Measure | Date | Value |
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2022 : ONWARD MANUFACTURING 401(K) PLAN 2022 401k financial data |
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Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $9,602 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $9,602 |
Total income from all sources (including contributions) | 2022-12-31 | $272,828 |
Total of all expenses incurred | 2022-12-31 | $26,622 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $23,018 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $321,875 |
Value of total assets at end of year | 2022-12-31 | $526,307 |
Value of total assets at beginning of year | 2022-12-31 | $280,101 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $3,604 |
Total interest from all sources | 2022-12-31 | $9,464 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Administrative expenses professional fees incurred | 2022-12-31 | $3,604 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $100,000 |
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 |
Contributions received from participants | 2022-12-31 | $230,607 |
Participant contributions at end of year | 2022-12-31 | $6,054 |
Participant contributions at beginning of year | 2022-12-31 | $10,198 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $9,602 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $9,602 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $21,050 |
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 | $246,206 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $516,705 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $270,499 |
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 registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $496,514 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $237,686 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $20,406 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $6,242 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $6,242 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $9,464 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-58,511 |
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 |
Contributions received in cash from employer | 2022-12-31 | $91,268 |
Employer contributions (assets) at end of year | 2022-12-31 | $3,333 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $4,925 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $23,018 |
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 | DULIN, WARD & DEWALD, INC. |
Accountancy firm EIN | 2022-12-31 | 351344820 |
2021 : ONWARD MANUFACTURING 401(K) PLAN 2021 401k financial data |
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Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $9,602 |
Total income from all sources (including contributions) | 2021-12-31 | $271,952 |
Total of all expenses incurred | 2021-12-31 | $1,453 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $992 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $264,787 |
Value of total assets at end of year | 2021-12-31 | $280,101 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $461 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $2,401 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $2,401 |
Administrative expenses professional fees incurred | 2021-12-31 | $461 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $100,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $181,866 |
Participant contributions at end of year | 2021-12-31 | $10,198 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $7,284 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $9,602 |
Total non interest bearing cash at end of year | 2021-12-31 | $21,050 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $270,499 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $270,499 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $237,686 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $6,242 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $4,764 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $75,637 |
Employer contributions (assets) at end of year | 2021-12-31 | $4,925 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $992 |
Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | DULIN, WARD & DEWALD, INC. |
Accountancy firm EIN | 2021-12-31 | 351344820 |