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PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 401k Plan overview

Plan NamePROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN
Plan identification number 001

PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS 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.
  • Life insurance

401k Sponsoring company profile

PROCEDYNE CORP. has sponsored the creation of one or more 401k plans.

Company Name:PROCEDYNE CORP.
Employer identification number (EIN):221718810
NAIC Classification:333200

Additional information about PROCEDYNE CORP.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1961-05-09
Company Identification Number: 137757
Legal Registered Office Address: 13 VALENCIA DR.
New York
MONSEY
United States of America (USA)
10952

More information about PROCEDYNE CORP.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SARAH BABAD2024-10-10
0012022-01-01SARAH BABAD2023-10-03
0012021-01-01SARAH BABAD2022-09-13
0012020-01-01SARAH BABAD2021-07-22
0012019-01-01SARAH BABAD2020-10-14
0012018-01-01SARAH BABAD2019-09-24
0012017-01-01SARAH BABAD2018-10-12 SHOLOM BABAD2018-10-12
0012016-01-01ROMAN GORBACH2017-10-10 ROMAN GORBACH2017-10-10
0012015-01-01ROMAN GORBACH2016-10-07 ROMAN GORBACH2016-10-07
0012014-01-01ROMAN GORBACH2015-07-21
0012013-01-01ROMAN GORBACH2014-10-02 ROMAN GORBACH2014-10-02
0012012-01-01ROMAN GORBACH THOMAS R. PARR2013-10-04
0012011-01-01LAURA STAFFIN THOMAS R PARR2012-07-31
0012010-01-01LAURA STAFFIN2011-07-27 THOMAS R PARR2011-07-27
0012009-01-01LAURA STAFFIN THOMAS R.PARR2010-10-13
0012009-01-01LAURA STAFFIN THOMAS PARR2010-10-13
0012009-01-01LAURA STAFFIN THOMAS R PARR2010-10-14
0012009-01-01LAURA STAFFIN THOMAS R PARR2010-10-14
0012009-01-01LAURA STAFFIN THOMAS R PARR2010-10-13

Plan Statistics for PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN

401k plan membership statisitcs for PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN

Measure Date Value
2024: PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-108
Total number of particpants at end of year2024-10-109
Number of Participants With Account Balances2024-10-109
2022: PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2022 401k membership
Total number of particpants at beginning of year2022-09-1335
Total number of particpants at end of year2022-09-1337
2012: PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0122
Total number of active participants reported on line 7a of the Form 55002012-01-0120
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0121
Number of participants with account balances2012-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0123
Total number of active participants reported on line 7a of the Form 55002011-01-0121
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-0122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0122
Number of participants with account balances2011-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0113
Total number of active participants reported on line 7a of the Form 55002009-01-0121
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0122
Number of participants with account balances2009-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN

Measure Date Value
2024 : PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-100
Total liabilities as of the end of the plan year2024-10-100
Total liabilities as of the beginning of the plan year2024-10-100
Total expenses incurred by plan in this plan year2024-10-100
Net assets as of the end of the plan year2024-10-102531936
Total assets as of the beginning of the plan year2024-10-102245176
Value of plan covered by a fidelity bond2024-10-10300000
Participant contributions to plan in this plan year2024-10-10132649
Other expenses paid from plan in this plan year2024-10-100
Other contributions to plan in this plan year2024-10-100
Other income to plan in this plan year2024-10-10154111
Plan net income in this plan year2024-10-10286760
Net assets as of the end of the plan year2024-10-102531936
Net assets as of the beginning of the plan year2024-10-102245176
Employer contributions to plan in this plan year2024-10-100
Fees paid to broker by Benefit Provider2024-10-105725
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-100
2022 : PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-130
Net assets as of the end of the plan year2022-09-132993862
Total assets as of the beginning of the plan year2022-09-132673752
Value of plan covered by a fidelity bond2022-09-13300000
Participant contributions to plan in this plan year2022-09-13103984
Other expenses paid from plan in this plan year2022-09-130
Other contributions to plan in this plan year2022-09-130
Other income to plan in this plan year2022-09-13216126
Plan net income in this plan year2022-09-13320110
Net assets as of the end of the plan year2022-09-132993862
Net assets as of the beginning of the plan year2022-09-132673752
Employer contributions to plan in this plan year2022-09-130
Fees paid to broker by Benefit Provider2022-09-137146
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-130
2012 : PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2012 401k financial data
Total income from all sources2012-12-31$221,636
Expenses. Total of all expenses incurred2012-12-31$193,341
Benefits paid (including direct rollovers)2012-12-31$193,096
Total plan assets at end of year2012-12-31$1,915,794
Total plan assets at beginning of year2012-12-31$1,887,499
Value of fidelity bond covering the plan2012-12-31$250,000
Total contributions received or receivable from participants2012-12-31$120,362
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$101,274
Net income (gross income less expenses)2012-12-31$28,295
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,915,794
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,887,499
Assets. Value of participant loans2012-12-31$5,486
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$245
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2011 401k financial data
Total income from all sources2011-12-31$145,983
Expenses. Total of all expenses incurred2011-12-31$35,541
Benefits paid (including direct rollovers)2011-12-31$33,155
Total plan assets at end of year2011-12-31$1,887,499
Total plan assets at beginning of year2011-12-31$1,777,057
Total contributions received or receivable from participants2011-12-31$98,097
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$47,886
Net income (gross income less expenses)2011-12-31$110,442
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,887,499
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,777,057
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$2,266
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$120
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2009 : PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS 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 PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN

2012: PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PROCEDYNE CORP. EMPLOYEES 401(K) SAVINGS 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberFL 7967
Policy instance 1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberFL 7967
Policy instance 1

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