SOL-TEK INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN
401k plan membership statisitcs for SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2021: SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-01-01 | 21 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 14 |
| Number of retired or separated participants receiving benefits | 2021-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 5 |
| Total of all active and inactive participants | 2021-01-01 | 19 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
| Total participants | 2021-01-01 | 19 |
| Number of participants with account balances | 2021-01-01 | 8 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
| 2020: SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN 2020 401k membership |
|---|
| Total participants, beginning-of-year | 2020-01-01 | 28 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 12 |
| Number of retired or separated participants receiving benefits | 2020-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 3 |
| Total of all active and inactive participants | 2020-01-01 | 15 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
| Total participants | 2020-01-01 | 15 |
| Number of participants with account balances | 2020-01-01 | 8 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
| 2019: SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN 2019 401k membership |
|---|
| Total participants, beginning-of-year | 2019-01-01 | 22 |
| Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 16 |
| Number of retired or separated participants receiving benefits | 2019-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 1 |
| Total of all active and inactive participants | 2019-01-01 | 17 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 0 |
| Total participants | 2019-01-01 | 17 |
| Number of participants with account balances | 2019-01-01 | 8 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2021 : SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN 2021 401k financial data |
|---|
| Total income from all sources | 2021-12-31 | $57,364 |
| Expenses. Total of all expenses incurred | 2021-12-31 | $59,298 |
| Benefits paid (including direct rollovers) | 2021-12-31 | $58,078 |
| Total plan assets at end of year | 2021-12-31 | $162,269 |
| Total plan assets at beginning of year | 2021-12-31 | $164,203 |
| Value of fidelity bond covering the plan | 2021-12-31 | $10,000 |
| Total contributions received or receivable from participants | 2021-12-31 | $27,309 |
| Expenses. Other expenses not covered elsewhere | 2021-12-31 | $0 |
| Contributions received from other sources (not participants or employers) | 2021-12-31 | $300 |
| Other income received | 2021-12-31 | $17,746 |
| Net income (gross income less expenses) | 2021-12-31 | $-1,934 |
| Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $162,269 |
| Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $164,203 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2021-12-31 | $595 |
| Total contributions received or receivable from employer(s) | 2021-12-31 | $12,009 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2021-12-31 | $1,220 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| 2020 : SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN 2020 401k financial data |
|---|
| Total income from all sources | 2020-12-31 | $79,369 |
| Expenses. Total of all expenses incurred | 2020-12-31 | $800 |
| Benefits paid (including direct rollovers) | 2020-12-31 | $0 |
| Total plan assets at end of year | 2020-12-31 | $164,203 |
| Total plan assets at beginning of year | 2020-12-31 | $85,634 |
| Value of fidelity bond covering the plan | 2020-12-31 | $10,000 |
| Total contributions received or receivable from participants | 2020-12-31 | $42,284 |
| Expenses. Other expenses not covered elsewhere | 2020-12-31 | $0 |
| Contributions received from other sources (not participants or employers) | 2020-12-31 | $0 |
| Other income received | 2020-12-31 | $18,911 |
| Net income (gross income less expenses) | 2020-12-31 | $78,569 |
| Net plan assets at end of year (total assets less liabilities) | 2020-12-31 | $164,203 |
| Net plan assets at beginning of year (total assets less liabilities) | 2020-12-31 | $85,634 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2020-12-31 | $660 |
| Total contributions received or receivable from employer(s) | 2020-12-31 | $18,174 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2020-12-31 | $800 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| 2019 : SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN 2019 401k financial data |
|---|
| Transfers to/from the plan | 2019-12-31 | $-2,013 |
| Total income from all sources | 2019-12-31 | $66,552 |
| Expenses. Total of all expenses incurred | 2019-12-31 | $12,520 |
| Benefits paid (including direct rollovers) | 2019-12-31 | $11,666 |
| Total plan assets at end of year | 2019-12-31 | $85,634 |
| Total plan assets at beginning of year | 2019-12-31 | $33,615 |
| Value of fidelity bond covering the plan | 2019-12-31 | $10,000 |
| Total contributions received or receivable from participants | 2019-12-31 | $35,655 |
| Expenses. Other expenses not covered elsewhere | 2019-12-31 | $0 |
| Contributions received from other sources (not participants or employers) | 2019-12-31 | $0 |
| Other income received | 2019-12-31 | $8,832 |
| Net income (gross income less expenses) | 2019-12-31 | $54,032 |
| Net plan assets at end of year (total assets less liabilities) | 2019-12-31 | $85,634 |
| Net plan assets at beginning of year (total assets less liabilities) | 2019-12-31 | $33,615 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2019-12-31 | $1,114 |
| Total contributions received or receivable from employer(s) | 2019-12-31 | $22,065 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2019-12-31 | $854 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| 2021: SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN 2021 form 5500 responses |
|---|
| 2021-01-01 | Type of plan entity | Single employer plan |
| 2021-01-01 | Submission has been amended | No |
| 2021-01-01 | This submission is the final filing | No |
| 2021-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2021-01-01 | Plan is a collectively bargained plan | No |
| 2021-01-01 | Plan funding arrangement – Insurance | Yes |
| 2021-01-01 | Plan funding arrangement – Trust | Yes |
| 2021-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2021-01-01 | Plan benefit arrangement - Trust | Yes |
| 2020: SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN 2020 form 5500 responses |
|---|
| 2020-01-01 | Type of plan entity | Single employer plan |
| 2020-01-01 | Submission has been amended | No |
| 2020-01-01 | This submission is the final filing | No |
| 2020-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2020-01-01 | Plan is a collectively bargained plan | No |
| 2020-01-01 | Plan funding arrangement – Insurance | Yes |
| 2020-01-01 | Plan funding arrangement – Trust | Yes |
| 2020-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2020-01-01 | Plan benefit arrangement - Trust | Yes |
| 2019: SOL-TEK INDUSTRIES, INC. RETIREMENT PLAN 2019 form 5500 responses |
|---|
| 2019-01-01 | Type of plan entity | Single employer plan |
| 2019-01-01 | Submission has been amended | No |
| 2019-01-01 | This submission is the final filing | No |
| 2019-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2019-01-01 | Plan is a collectively bargained plan | No |
| 2019-01-01 | Plan funding arrangement – Insurance | Yes |
| 2019-01-01 | Plan funding arrangement – Trust | Yes |
| 2019-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2019-01-01 | Plan benefit arrangement - Trust | Yes |
