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PERMABIT, INC 401(K) PLAN 401k Plan overview

Plan NamePERMABIT, INC 401(K) PLAN
Plan identification number 001

PERMABIT, INC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

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

Company Name:PERMABIT TECHNOLOGY CORPORATION
Employer identification number (EIN):260725895
NAIC Classification:541511
NAIC Description:Custom Computer Programming Services

Additional information about PERMABIT TECHNOLOGY CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 4407535

More information about PERMABIT TECHNOLOGY CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PERMABIT, INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01KRISTINE SWEETLAND
0012015-01-01KRISTINE SWEETLAND
0012014-01-01KATHERINE BOARDMAN
0012013-01-01KATHERINE EDWARDS
0012012-01-01KATHERINE BOARDMAN KATHERINE BOARDMAN2013-06-27
0012011-01-01KATHERINE BOARDMAN
0012009-01-01KATHERINE BOARDMAN
0012009-01-01KATHERINE EDWARDS

Financial Data on PERMABIT, INC 401(K) PLAN

Measure Date Value
2016 : PERMABIT, INC 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$888,098
Expenses. Total of all expenses incurred2016-12-31$585,269
Benefits paid (including direct rollovers)2016-12-31$585,119
Total plan assets at end of year2016-12-31$5,726,576
Total plan assets at beginning of year2016-12-31$5,423,747
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$284,076
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$489,800
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$302,829
Net plan assets at end of year (total assets less liabilities)2016-12-31$5,726,576
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$5,423,747
Assets. Value of participant loans2016-12-31$35,452
Total contributions received or receivable from employer(s)2016-12-31$114,222
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$150
2015 : PERMABIT, INC 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$599,317
Expenses. Total of all expenses incurred2015-12-31$526,018
Benefits paid (including direct rollovers)2015-12-31$525,993
Total plan assets at end of year2015-12-31$5,423,747
Total plan assets at beginning of year2015-12-31$5,350,448
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$406,039
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$41,181
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$73,299
Net plan assets at end of year (total assets less liabilities)2015-12-31$5,423,747
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$5,350,448
Assets. Value of participant loans2015-12-31$37,595
Total contributions received or receivable from employer(s)2015-12-31$152,097
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$25
2014 : PERMABIT, INC 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$1,067,933
Expenses. Total of all expenses incurred2014-12-31$481,916
Benefits paid (including direct rollovers)2014-12-31$481,501
Total plan assets at end of year2014-12-31$5,350,448
Total plan assets at beginning of year2014-12-31$4,764,431
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$479,064
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$37,518
Other income received2014-12-31$368,502
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$586,017
Net plan assets at end of year (total assets less liabilities)2014-12-31$5,350,448
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$4,764,431
Assets. Value of participant loans2014-12-31$100,458
Total contributions received or receivable from employer(s)2014-12-31$182,849
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$415
2013 : PERMABIT, INC 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$1,714,996
Expenses. Total of all expenses incurred2013-12-31$382,530
Benefits paid (including direct rollovers)2013-12-31$382,251
Total plan assets at end of year2013-12-31$4,764,431
Total plan assets at beginning of year2013-12-31$3,431,965
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$490,386
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$61,000
Other income received2013-12-31$959,801
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$1,332,466
Net plan assets at end of year (total assets less liabilities)2013-12-31$4,764,431
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$3,431,965
Assets. Value of participant loans2013-12-31$97,317
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$203,809
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$279
2012 : PERMABIT, INC 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$884,762
Expenses. Total of all expenses incurred2012-12-31$202,537
Benefits paid (including direct rollovers)2012-12-31$202,125
Total plan assets at end of year2012-12-31$3,431,965
Total plan assets at beginning of year2012-12-31$2,749,740
Value of fidelity bond covering the plan2012-12-31$250,000
Total contributions received or receivable from participants2012-12-31$329,788
Other income received2012-12-31$433,302
Net income (gross income less expenses)2012-12-31$682,225
Net plan assets at end of year (total assets less liabilities)2012-12-31$3,431,965
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,749,740
Assets. Value of participant loans2012-12-31$50,827
Total contributions received or receivable from employer(s)2012-12-31$121,672
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$412
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : PERMABIT, INC 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$534,504
Expenses. Total of all expenses incurred2011-12-31$232,733
Benefits paid (including direct rollovers)2011-12-31$232,640
Total plan assets at end of year2011-12-31$2,749,740
Total plan assets at beginning of year2011-12-31$2,447,969
Value of fidelity bond covering the plan2011-12-31$200,000
Total contributions received or receivable from participants2011-12-31$310,514
Contributions received from other sources (not participants or employers)2011-12-31$161,799
Other income received2011-12-31$-79,835
Net income (gross income less expenses)2011-12-31$301,771
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,749,740
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,447,969
Assets. Value of participant loans2011-12-31$5,816
Total contributions received or receivable from employer(s)2011-12-31$142,026
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$93
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : PERMABIT, INC 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$875,659
Expenses. Total of all expenses incurred2010-12-31$259,835
Benefits paid (including direct rollovers)2010-12-31$259,742
Total plan assets at end of year2010-12-31$2,447,969
Total plan assets at beginning of year2010-12-31$1,832,145
Value of fidelity bond covering the plan2010-12-31$100,000
Total contributions received or receivable from participants2010-12-31$385,110
Other income received2010-12-31$324,249
Net income (gross income less expenses)2010-12-31$615,824
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,447,969
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,832,145
Assets. Value of participant loans2010-12-31$11,805
Total contributions received or receivable from employer(s)2010-12-31$166,300
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$93
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : PERMABIT, INC 401(K) 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 PERMABIT, INC 401(K) PLAN

2016: PERMABIT, INC 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PERMABIT, INC 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PERMABIT, INC 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PERMABIT, INC 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PERMABIT, INC 401(K) 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 funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PERMABIT, INC 401(K) 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 funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PERMABIT, INC 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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 funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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