UTEC has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2023: UTEC 401K PLAN 2023 401k membership |
|---|
| Total participants, beginning-of-year | 2023-01-01 | 137 |
| Total number of active participants reported on line 7a of the Form 5500 | 2023-01-01 | 132 |
| Number of retired or separated participants receiving benefits | 2023-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2023-01-01 | 25 |
| Total of all active and inactive participants | 2023-01-01 | 157 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2023-01-01 | 0 |
| Total participants | 2023-01-01 | 157 |
| Number of participants with account balances | 2023-01-01 | 117 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2023-01-01 | 0 |
| 2022: UTEC 401K PLAN 2022 401k membership |
|---|
| Total number of particpants at beginning of year | 2022-03-28 | 100 |
| Total number of particpants at end of year | 2022-03-28 | 115 |
| Number of Participants With Account Balances | 2022-03-28 | 86 |
| Measure | Date | Value |
|---|
| 2023 : UTEC 401K PLAN 2023 401k financial data |
|---|
| Transfers to/from the plan | 2023-12-31 | $0 |
| Total plan liabilities at end of year | 2023-12-31 | $0 |
| Total plan liabilities at beginning of year | 2023-12-31 | $0 |
| Total income from all sources | 2023-12-31 | $2,174,810 |
| Expenses. Total of all expenses incurred | 2023-12-31 | $844,394 |
| Benefits paid (including direct rollovers) | 2023-12-31 | $809,956 |
| Total plan assets at end of year | 2023-12-31 | $5,922,295 |
| Total plan assets at beginning of year | 2023-12-31 | $4,591,879 |
| Value of fidelity bond covering the plan | 2023-12-31 | $420,000 |
| Total contributions received or receivable from participants | 2023-12-31 | $846,794 |
| Expenses. Other expenses not covered elsewhere | 2023-12-31 | $0 |
| Contributions received from other sources (not participants or employers) | 2023-12-31 | $141,441 |
| Other income received | 2023-12-31 | $849,666 |
| Noncash contributions received | 2023-12-31 | $0 |
| Net income (gross income less expenses) | 2023-12-31 | $1,330,416 |
| Net plan assets at end of year (total assets less liabilities) | 2023-12-31 | $5,922,295 |
| Net plan assets at beginning of year (total assets less liabilities) | 2023-12-31 | $4,591,879 |
| Assets. Value of participant loans | 2023-12-31 | $109,598 |
| Total contributions received or receivable from employer(s) | 2023-12-31 | $336,909 |
| Value of certain deemed distributions of participant loans | 2023-12-31 | $0 |
| Value of corrective distributions | 2023-12-31 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2023-12-31 | $34,438 |
| 2022 : UTEC 401K PLAN 2022 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2022-03-28 | 233696 |
| Net assets as of the end of the plan year | 2022-03-28 | 4604939 |
| Total assets as of the beginning of the plan year | 2022-03-28 | 3598756 |
| Value of plan covered by a fidelity bond | 2022-03-28 | 400000 |
| Participant contributions to plan in this plan year | 2022-03-28 | 450756 |
| Value of participant loans at end of plan year | 2022-03-28 | 150845 |
| Other contributions to plan in this plan year | 2022-03-28 | 71853 |
| Other income to plan in this plan year | 2022-03-28 | 516703 |
| Plan net income in this plan year | 2022-03-28 | 1006183 |
| Net assets as of the end of the plan year | 2022-03-28 | 4604939 |
| Net assets as of the beginning of the plan year | 2022-03-28 | 3598756 |
| Employer contributions to plan in this plan year | 2022-03-28 | 200567 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-03-28 | 23785 |
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