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SNAP-TITE, INC. 401(K) SAVINGS PLAN 401k Plan overview

Plan NameSNAP-TITE, INC. 401(K) SAVINGS PLAN
Plan identification number 020

SNAP-TITE, INC. 401(K) SAVINGS PLAN 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.
  • 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.

401k Sponsoring company profile

SNAP-TITE, INC. has sponsored the creation of one or more 401k plans.

Company Name:SNAP-TITE, INC.
Employer identification number (EIN):251150085
NAIC Classification:332210

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SNAP-TITE, INC. 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0202012-07-01RICHARD GOLONKA RICHARD GOLONKA2013-06-17
0202012-01-01RICHARD GOLONKA RICHARD GOLONKA2013-04-10
0202011-01-01RICHARD GOLONKA RICHARD GOLONKA2012-10-12
0202009-01-01GARY CLARK GARY CLARK2010-10-14

Plan Statistics for SNAP-TITE, INC. 401(K) SAVINGS PLAN

401k plan membership statisitcs for SNAP-TITE, INC. 401(K) SAVINGS PLAN

Measure Date Value
2012: SNAP-TITE, INC. 401(K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-07-01585
Total number of active participants reported on line 7a of the Form 55002012-07-010
Number of retired or separated participants receiving benefits2012-07-010
Number of other retired or separated participants entitled to future benefits2012-07-010
Total of all active and inactive participants2012-07-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-07-010
Total participants2012-07-010
Number of participants with account balances2012-07-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-07-010
Total participants, beginning-of-year2012-01-01670
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01585
Total of all active and inactive participants2012-01-01585
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01585
Number of participants with account balances2012-01-01585
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SNAP-TITE, INC. 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01623
Total number of active participants reported on line 7a of the Form 55002011-01-01376
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01294
Total of all active and inactive participants2011-01-01670
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01670
Number of participants with account balances2011-01-01670
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-015
2009: SNAP-TITE, INC. 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01802
Total number of active participants reported on line 7a of the Form 55002009-01-01442
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01307
Total of all active and inactive participants2009-01-01749
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01749
Number of participants with account balances2009-01-01749
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0186

Financial Data on SNAP-TITE, INC. 401(K) SAVINGS PLAN

Measure Date Value
2012 : SNAP-TITE, INC. 401(K) SAVINGS PLAN 2012 401k financial data
Total transfer of assets from this plan2012-08-10$20,938,292
Total income from all sources (including contributions)2012-08-10$323,984
Total of all expenses incurred2012-08-10$923,667
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-08-10$890,402
Value of total assets at end of year2012-08-10$0
Value of total assets at beginning of year2012-08-10$21,537,975
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-08-10$33,265
Total dividends received (eg from common stock, registered investment company shares)2012-08-10$16,313
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-08-10Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-08-10$0
Total dividends received from registered investment company shares (eg mutual funds)2012-08-10$16,313
Administrative expenses professional fees incurred2012-08-10$14,754
Was this plan covered by a fidelity bond2012-08-10Yes
Value of fidelity bond cover2012-08-10$3,000,000
If this is an individual account plan, was there a blackout period2012-08-10Yes
Were there any nonexempt tranactions with any party-in-interest2012-08-10No
Participant contributions at end of year2012-08-10$0
Participant contributions at beginning of year2012-08-10$37,549
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-08-10$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-08-10$7,548
Total non interest bearing cash at end of year2012-08-10$0
Total non interest bearing cash at beginning of year2012-08-10$186,955
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-08-10No
Value of net income/loss2012-08-10$-599,683
Value of net assets at end of year (total assets less liabilities)2012-08-10$0
Value of net assets at beginning of year (total assets less liabilities)2012-08-10$21,537,975
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-08-10No
Were any loans by the plan or fixed income obligations due to the plan in default2012-08-10No
Were any leases to which the plan was party in default or uncollectible2012-08-10No
Investment advisory and management fees2012-08-10$18,511
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-08-10$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-08-10$17,785,974
Value of interest in common/collective trusts at end of year2012-08-10$0
Value of interest in common/collective trusts at beginning of year2012-08-10$3,465,957
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-08-10$301,076
Net investment gain or loss from common/collective trusts2012-08-10$6,595
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-08-10No
Was there a failure to transmit to the plan any participant contributions2012-08-10No
Has the plan failed to provide any benefit when due under the plan2012-08-10No
Employer contributions (assets) at end of year2012-08-10$0
Employer contributions (assets) at beginning of year2012-08-10$53,992
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-08-10$890,402
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-08-10Yes
Did the plan have assets held for investment2012-08-10No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-08-10No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-08-10Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-08-10Yes
Opinion of an independent qualified public accountant for this plan2012-08-10Disclaimer
Accountancy firm name2012-08-10MCGILL POWER BELL & ASSOCIATES LLP
Accountancy firm EIN2012-08-10251031405
Total income from all sources (including contributions)2012-06-30$2,115,990
Total of all expenses incurred2012-06-30$3,341,875
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-06-30$3,278,801
Expenses. Certain deemed distributions of participant loans2012-06-30$2,025
Value of total corrective distributions2012-06-30$1,082
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-06-30$820,130
Value of total assets at end of year2012-06-30$21,537,975
Value of total assets at beginning of year2012-06-30$22,763,860
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-06-30$59,967
Total interest from all sources2012-06-30$1,023
Total dividends received (eg from common stock, registered investment company shares)2012-06-30$200,597
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-06-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-06-30$0
Total dividends received from registered investment company shares (eg mutual funds)2012-06-30$200,597
Administrative expenses professional fees incurred2012-06-30$19,053
Was this plan covered by a fidelity bond2012-06-30Yes
Value of fidelity bond cover2012-06-30$3,000,000
If this is an individual account plan, was there a blackout period2012-06-30No
Were there any nonexempt tranactions with any party-in-interest2012-06-30No
Contributions received from participants2012-06-30$525,045
Participant contributions at end of year2012-06-30$37,549
Participant contributions at beginning of year2012-06-30$43,615
Income. Received or receivable in cash from other sources (including rollovers)2012-06-30$3,938
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-06-30$7,548
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-06-30$0
Total non interest bearing cash at end of year2012-06-30$186,955
Total non interest bearing cash at beginning of year2012-06-30$1,162
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-06-30No
Value of net income/loss2012-06-30$-1,225,885
Value of net assets at end of year (total assets less liabilities)2012-06-30$21,537,975
Value of net assets at beginning of year (total assets less liabilities)2012-06-30$22,763,860
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2012-06-30No
Were any leases to which the plan was party in default or uncollectible2012-06-30No
Investment advisory and management fees2012-06-30$40,914
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-06-30$17,785,974
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-06-30$18,550,483
Interest on participant loans2012-06-30$1,023
Value of interest in common/collective trusts at end of year2012-06-30$3,465,957
Value of interest in common/collective trusts at beginning of year2012-06-30$3,969,129
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-06-30$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-06-30$7
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-06-30$7
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-06-30$1,070,744
Net investment gain or loss from common/collective trusts2012-06-30$23,496
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-06-30No
Was there a failure to transmit to the plan any participant contributions2012-06-30No
Has the plan failed to provide any benefit when due under the plan2012-06-30No
Contributions received in cash from employer2012-06-30$291,147
Employer contributions (assets) at end of year2012-06-30$53,992
Employer contributions (assets) at beginning of year2012-06-30$199,464
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-06-30$3,278,801
Did the plan have assets held for investment2012-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-06-30No
2011 : SNAP-TITE, INC. 401(K) SAVINGS PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$1,613,627
Total of all expenses incurred2011-12-31$1,269,405
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,138,915
Value of total corrective distributions2011-12-31$6,376
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,540,741
Value of total assets at end of year2011-12-31$22,763,860
Value of total assets at beginning of year2011-12-31$22,419,638
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$124,114
Total interest from all sources2011-12-31$2,281
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$542,475
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$542,475
Administrative expenses professional fees incurred2011-12-31$45,557
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$3,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$941,384
Participant contributions at end of year2011-12-31$43,615
Participant contributions at beginning of year2011-12-31$31,765
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$13,998
Total non interest bearing cash at end of year2011-12-31$1,162
Total non interest bearing cash at beginning of year2011-12-31$3,299
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$344,222
Value of net assets at end of year (total assets less liabilities)2011-12-31$22,763,860
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$22,419,638
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$78,557
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$18,550,483
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$18,162,204
Interest on participant loans2011-12-31$2,281
Value of interest in common/collective trusts at end of year2011-12-31$3,969,129
Value of interest in common/collective trusts at beginning of year2011-12-31$3,381,319
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$7
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$635,959
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$635,959
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-572,466
Net investment gain or loss from common/collective trusts2011-12-31$100,596
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$585,359
Employer contributions (assets) at end of year2011-12-31$199,464
Employer contributions (assets) at beginning of year2011-12-31$205,092
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,138,915
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31MCGILL POWER BELL & ASSOCIATES LLP
Accountancy firm EIN2011-12-31251031405
2010 : SNAP-TITE, INC. 401(K) SAVINGS PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$4,016,300
Total of all expenses incurred2010-12-31$2,135,060
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,986,421
Value of total corrective distributions2010-12-31$9,370
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,451,180
Value of total assets at end of year2010-12-31$22,419,638
Value of total assets at beginning of year2010-12-31$20,538,398
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$139,269
Total interest from all sources2010-12-31$2,920
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$450,399
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$450,399
Administrative expenses professional fees incurred2010-12-31$67,144
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$3,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$865,590
Participant contributions at end of year2010-12-31$31,765
Participant contributions at beginning of year2010-12-31$66,207
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$10,923
Total non interest bearing cash at end of year2010-12-31$3,299
Total non interest bearing cash at beginning of year2010-12-31$2,819
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,881,240
Value of net assets at end of year (total assets less liabilities)2010-12-31$22,419,638
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$20,538,398
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$72,125
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$18,162,204
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$16,338,639
Interest on participant loans2010-12-31$2,920
Value of interest in common/collective trusts at end of year2010-12-31$3,381,319
Value of interest in common/collective trusts at beginning of year2010-12-31$3,237,679
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$635,959
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$649,687
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$649,687
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,965,847
Net investment gain or loss from common/collective trusts2010-12-31$145,954
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$574,667
Employer contributions (assets) at end of year2010-12-31$205,092
Employer contributions (assets) at beginning of year2010-12-31$243,367
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,986,421
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MCGILL POWER BELL & ASSOCIATES LLP
Accountancy firm EIN2010-12-31251031405

Form 5500 Responses for SNAP-TITE, INC. 401(K) SAVINGS PLAN

2012: SNAP-TITE, INC. 401(K) SAVINGS PLAN 2012 form 5500 responses
2012-07-01Type of plan entitySingle employer plan
2012-07-01This submission is the final filingYes
2012-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-07-01Plan funding arrangement – TrustYes
2012-07-01Plan benefit arrangement - TrustYes
2012-01-01Type of plan entitySingle employer plan
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SNAP-TITE, INC. 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SNAP-TITE, INC. 401(K) SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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