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SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 401k Plan overview

Plan NameSMITH INDUSTRIAL SERVICE, INC 401(K) PLAN
Plan identification number 001

SMITH INDUSTRIAL SERVICE, INC 401(K) 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SMITH INDUSTRIAL SERVICE, INC. has sponsored the creation of one or more 401k plans.

Company Name:SMITH INDUSTRIAL SERVICE, INC.
Employer identification number (EIN):272045976
NAIC Classification:562000

Additional information about SMITH INDUSTRIAL SERVICE, INC.

Jurisdiction of Incorporation: Alabama Secretary of State
Incorporation Date: 2010-03-04
Company Identification Number: 263-555
Legal Registered Office Address: 2001 WEST I-65 SERVICE RD NORTH MOBILE,


United States of America (USA)
36618

More information about SMITH INDUSTRIAL SERVICE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01MIKE KAISER2022-10-17
0012020-01-01RITA MCDONALD2021-10-14 RITA MCDONALD2021-10-14
0012019-01-01WILLIAM C. PRESSON2020-10-14 WILLIAM C. PRESSON2020-10-14
0012018-01-01WILLIAM C. PRESSON2019-10-13 CHRISTOPHER SMITH2019-10-13
0012018-01-01WILLIAM C. PRESSON2020-05-20 WILLIAM C. PRESSON2020-05-20
0012017-01-01CHRISTOPHER SMITH
0012016-01-01CHRISTOPHER SMITH
0012015-01-01CHRISTOPHER SMITH
0012014-01-01CHRISTOPHER SMITH
0012013-01-01CHRISTOPHER SMITH
0012012-01-01CHRISTOPHER SMITH2014-10-13
0012011-01-01CHRISTOPHER SMITH2012-10-15
0012010-06-01CHRISTOPHER SMITH2011-10-13

Plan Statistics for SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN

401k plan membership statisitcs for SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN

Measure Date Value
2022: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01283
Total number of active participants reported on line 7a of the Form 55002022-01-01263
Number of retired or separated participants receiving benefits2022-01-015
Number of other retired or separated participants entitled to future benefits2022-01-0121
Total of all active and inactive participants2022-01-01289
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01290
Number of participants with account balances2022-01-01155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-015
2021: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01260
Total number of active participants reported on line 7a of the Form 55002021-01-01187
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0136
Total of all active and inactive participants2021-01-01223
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01223
Number of participants with account balances2021-01-01164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0118
2020: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01245
Total number of active participants reported on line 7a of the Form 55002020-01-01195
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0149
Total of all active and inactive participants2020-01-01244
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01244
Number of participants with account balances2020-01-01185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0119
2019: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01216
Total number of active participants reported on line 7a of the Form 55002019-01-01190
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0137
Total of all active and inactive participants2019-01-01227
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01227
Number of participants with account balances2019-01-01147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0110
2018: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01175
Total number of active participants reported on line 7a of the Form 55002018-01-01135
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0132
Total of all active and inactive participants2018-01-01167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01167
Number of participants with account balances2018-01-01120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0112
2017: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01169
Total number of active participants reported on line 7a of the Form 55002017-01-01132
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0122
Total of all active and inactive participants2017-01-01154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01154
Number of participants with account balances2017-01-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-019
2016: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01148
Total number of active participants reported on line 7a of the Form 55002016-01-01138
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0116
Total of all active and inactive participants2016-01-01154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01154
Number of participants with account balances2016-01-01100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-014
2015: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01118
Total number of active participants reported on line 7a of the Form 55002015-01-01114
Number of retired or separated participants receiving benefits2015-01-015
Number of other retired or separated participants entitled to future benefits2015-01-019
Total of all active and inactive participants2015-01-01128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01128
Number of participants with account balances2015-01-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012
2014: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01113
Total number of active participants reported on line 7a of the Form 55002014-01-0192
Number of retired or separated participants receiving benefits2014-01-012
Number of other retired or separated participants entitled to future benefits2014-01-0112
Total of all active and inactive participants2014-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01106
Number of participants with account balances2014-01-0173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-017
2013: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01122
Total number of active participants reported on line 7a of the Form 55002013-01-0197
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-017
Total of all active and inactive participants2013-01-01104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01104
Number of participants with account balances2013-01-0164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-017

Financial Data on SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN

Measure Date Value
2022 : SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$586
Total income from all sources (including contributions)2022-12-31$-697,975
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$614,739
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$567,233
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$902,966
Value of total assets at end of year2022-12-31$6,181,965
Value of total assets at beginning of year2022-12-31$7,495,265
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$47,506
Total interest from all sources2022-12-31$9,711
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$158,473
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$158,473
Administrative expenses professional fees incurred2022-12-31$913
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$627,155
Participant contributions at end of year2022-12-31$269,189
Participant contributions at beginning of year2022-12-31$283,015
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$5,940
Liabilities. Value of operating payables at end of year2022-12-31$0
Liabilities. Value of operating payables at beginning of year2022-12-31$586
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,312,714
Value of net assets at end of year (total assets less liabilities)2022-12-31$6,181,965
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$7,494,679
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$17,445
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$5,912,776
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$7,203,641
Interest on participant loans2022-12-31$9,711
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,769,125
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$275,811
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$2,669
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$567,233
Contract administrator fees2022-12-31$29,148
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31SMITH DUKES & BUCKALEW LLP
Accountancy firm EIN2022-12-31630191630
2021 : SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$586
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$7,483
Total income from all sources (including contributions)2021-12-31$2,051,923
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$902,055
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$859,303
Expenses. Certain deemed distributions of participant loans2021-12-31$11,642
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$868,940
Value of total assets at end of year2021-12-31$7,495,265
Value of total assets at beginning of year2021-12-31$6,352,294
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$31,110
Total interest from all sources2021-12-31$13,184
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$600,942
Participant contributions at end of year2021-12-31$283,015
Participant contributions at beginning of year2021-12-31$238,438
Participant contributions at end of year2021-12-31$5,940
Participant contributions at beginning of year2021-12-31$0
Liabilities. Value of operating payables at end of year2021-12-31$586
Liabilities. Value of operating payables at beginning of year2021-12-31$7,483
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,149,868
Value of net assets at end of year (total assets less liabilities)2021-12-31$7,494,679
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$6,344,811
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$7,203,641
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$6,113,856
Interest on participant loans2021-12-31$13,184
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,169,799
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$267,998
Employer contributions (assets) at end of year2021-12-31$2,669
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$859,303
Contract administrator fees2021-12-31$31,110
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31SMITH DUKES & BUCKALEW LLP
Accountancy firm EIN2021-12-31630191630
2020 : SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$7,483
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$6,620
Total income from all sources (including contributions)2020-12-31$1,790,260
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$328,745
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$279,028
Expenses. Certain deemed distributions of participant loans2020-12-31$11,124
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$828,708
Value of total assets at end of year2020-12-31$6,352,294
Value of total assets at beginning of year2020-12-31$4,889,916
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$38,593
Total interest from all sources2020-12-31$13,602
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$7,483
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$573,385
Participant contributions at end of year2020-12-31$238,438
Participant contributions at beginning of year2020-12-31$235,609
Participant contributions at beginning of year2020-12-31$2,599
Liabilities. Value of operating payables at end of year2020-12-31$7,483
Liabilities. Value of operating payables at beginning of year2020-12-31$6,267
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,461,515
Value of net assets at end of year (total assets less liabilities)2020-12-31$6,344,811
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$4,883,296
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$6,113,856
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$4,650,544
Interest on participant loans2020-12-31$13,602
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$947,950
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$255,323
Employer contributions (assets) at beginning of year2020-12-31$1,164
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$279,028
Contract administrator fees2020-12-31$31,110
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$353
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31SMITH DUKES & BUCKALEW LLP
Accountancy firm EIN2020-12-31630191630
2019 : SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$6,620
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$6,620
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$6,953
Total income from all sources (including contributions)2019-12-31$1,611,598
Total income from all sources (including contributions)2019-12-31$1,611,598
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$591,985
Total of all expenses incurred2019-12-31$591,985
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$542,094
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$542,094
Expenses. Certain deemed distributions of participant loans2019-12-31$4,204
Expenses. Certain deemed distributions of participant loans2019-12-31$4,204
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$661,970
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$661,970
Value of total assets at end of year2019-12-31$4,889,916
Value of total assets at end of year2019-12-31$4,889,916
Value of total assets at beginning of year2019-12-31$3,870,636
Value of total assets at beginning of year2019-12-31$3,870,636
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$45,687
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$45,687
Total interest from all sources2019-12-31$9,152
Total interest from all sources2019-12-31$9,152
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$5,495
Administrative expenses professional fees incurred2019-12-31$5,495
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$432,850
Contributions received from participants2019-12-31$432,850
Participant contributions at end of year2019-12-31$235,609
Participant contributions at end of year2019-12-31$235,609
Participant contributions at beginning of year2019-12-31$138,119
Participant contributions at beginning of year2019-12-31$138,119
Participant contributions at end of year2019-12-31$2,599
Participant contributions at end of year2019-12-31$2,599
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$33,895
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$33,895
Liabilities. Value of operating payables at end of year2019-12-31$6,267
Liabilities. Value of operating payables at end of year2019-12-31$6,267
Liabilities. Value of operating payables at beginning of year2019-12-31$6,953
Liabilities. Value of operating payables at beginning of year2019-12-31$6,953
Total non interest bearing cash at beginning of year2019-12-31$3,529
Total non interest bearing cash at beginning of year2019-12-31$3,529
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,019,613
Value of net income/loss2019-12-31$1,019,613
Value of net assets at end of year (total assets less liabilities)2019-12-31$4,883,296
Value of net assets at end of year (total assets less liabilities)2019-12-31$4,883,296
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,863,683
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,863,683
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$4,650,544
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$4,650,544
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,728,988
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,728,988
Interest on participant loans2019-12-31$9,152
Interest on participant loans2019-12-31$9,152
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$940,476
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$940,476
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$195,225
Contributions received in cash from employer2019-12-31$195,225
Employer contributions (assets) at end of year2019-12-31$1,164
Employer contributions (assets) at end of year2019-12-31$1,164
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$542,094
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$542,094
Contract administrator fees2019-12-31$40,192
Contract administrator fees2019-12-31$40,192
Liabilities. Value of benefit claims payable at end of year2019-12-31$353
Liabilities. Value of benefit claims payable at end of year2019-12-31$353
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31SMITH DUKES & BUCKALEW LLP
Accountancy firm name2019-12-31SMITH DUKES & BUCKALEW LLP
Accountancy firm EIN2019-12-31630191630
Accountancy firm EIN2019-12-31630191630
2018 : SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$6,953
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$5,111
Total income from all sources (including contributions)2018-12-31$284,472
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$494,806
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$413,891
Expenses. Certain deemed distributions of participant loans2018-12-31$27,956
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$528,788
Value of total assets at end of year2018-12-31$3,870,636
Value of total assets at beginning of year2018-12-31$4,079,128
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$52,959
Total interest from all sources2018-12-31$5,634
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$134,316
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$134,316
Administrative expenses professional fees incurred2018-12-31$13,118
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$364,352
Participant contributions at end of year2018-12-31$138,119
Participant contributions at beginning of year2018-12-31$125,301
Participant contributions at beginning of year2018-12-31$3,528
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$207
Liabilities. Value of operating payables at end of year2018-12-31$6,953
Liabilities. Value of operating payables at beginning of year2018-12-31$5,111
Total non interest bearing cash at end of year2018-12-31$3,529
Total non interest bearing cash at beginning of year2018-12-31$19,940
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-210,334
Value of net assets at end of year (total assets less liabilities)2018-12-31$3,863,683
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,074,017
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$3,728,988
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$3,928,496
Income. Interest from loans (other than to participants)2018-12-31$5,634
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-384,266
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$164,436
Employer contributions (assets) at beginning of year2018-12-31$1,656
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$413,891
Contract administrator fees2018-12-31$39,841
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31SMITH DUKES & BUCKALEW LLP
Accountancy firm EIN2018-12-31630191630
2017 : SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$5,111
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$6,165
Total income from all sources (including contributions)2017-12-31$1,103,308
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$647,305
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$586,751
Expenses. Certain deemed distributions of participant loans2017-12-31$20,435
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$499,870
Value of total assets at end of year2017-12-31$4,079,128
Value of total assets at beginning of year2017-12-31$3,624,179
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$40,119
Total interest from all sources2017-12-31$6,062
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$4,313
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$339,478
Participant contributions at end of year2017-12-31$125,301
Participant contributions at beginning of year2017-12-31$167,809
Participant contributions at end of year2017-12-31$3,528
Participant contributions at beginning of year2017-12-31$11,705
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$207
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$29
Liabilities. Value of operating payables at end of year2017-12-31$5,111
Liabilities. Value of operating payables at beginning of year2017-12-31$6,165
Total non interest bearing cash at end of year2017-12-31$19,940
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$456,003
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,074,017
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$3,618,014
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$3,928,496
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$3,439,097
Interest on participant loans2017-12-31$6,062
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$597,376
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$160,392
Employer contributions (assets) at end of year2017-12-31$1,656
Employer contributions (assets) at beginning of year2017-12-31$5,539
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$586,751
Contract administrator fees2017-12-31$35,806
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31SMITH DUKES & BUCKALEW LLP
Accountancy firm EIN2017-12-31630191630
2016 : SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$6,165
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$5,991
Total income from all sources (including contributions)2016-12-31$684,772
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$274,658
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$239,129
Expenses. Certain deemed distributions of participant loans2016-12-31$630
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$420,318
Value of total assets at end of year2016-12-31$3,624,179
Value of total assets at beginning of year2016-12-31$3,213,891
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$34,899
Total interest from all sources2016-12-31$6,805
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Administrative expenses professional fees incurred2016-12-31$5,255
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$286,081
Participant contributions at end of year2016-12-31$167,809
Participant contributions at beginning of year2016-12-31$170,510
Participant contributions at end of year2016-12-31$11,705
Participant contributions at beginning of year2016-12-31$7,014
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$131
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$29
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$4
Liabilities. Value of operating payables at end of year2016-12-31$6,165
Liabilities. Value of operating payables at beginning of year2016-12-31$5,991
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$410,114
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,618,014
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$3,207,900
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$3,439,097
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$3,032,900
Interest on participant loans2016-12-31$6,805
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$257,649
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$134,106
Employer contributions (assets) at end of year2016-12-31$5,539
Employer contributions (assets) at beginning of year2016-12-31$3,463
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$239,129
Contract administrator fees2016-12-31$29,644
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31SMITH DUKES & BUCKALEW LLP
Accountancy firm EIN2016-12-31630191630
2015 : SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$5,991
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$6,108
Total income from all sources (including contributions)2015-12-31$331,845
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$231,666
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$197,046
Expenses. Certain deemed distributions of participant loans2015-12-31$5,964
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$323,922
Value of total assets at end of year2015-12-31$3,213,891
Value of total assets at beginning of year2015-12-31$3,113,829
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$28,656
Total interest from all sources2015-12-31$5,263
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$6,212
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$218,619
Participant contributions at end of year2015-12-31$7,014
Participant contributions at beginning of year2015-12-31$6,231
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$260
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$4
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$9
Assets. Loans (other than to participants) at end of year2015-12-31$170,510
Assets. Loans (other than to participants) at beginning of year2015-12-31$132,544
Liabilities. Value of operating payables at end of year2015-12-31$5,991
Liabilities. Value of operating payables at beginning of year2015-12-31$6,108
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$100,179
Value of net assets at end of year (total assets less liabilities)2015-12-31$3,207,900
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$3,107,721
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$3,032,900
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$2,971,998
Income. Interest from loans (other than to participants)2015-12-31$5,263
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$2,660
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$105,043
Employer contributions (assets) at end of year2015-12-31$3,463
Employer contributions (assets) at beginning of year2015-12-31$3,047
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$197,046
Contract administrator fees2015-12-31$22,444
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31SMITH DUKES & BUCKALEW LLP
Accountancy firm EIN2015-12-31630191630
2014 : SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$6,108
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$15,086
Total income from all sources (including contributions)2014-12-31$543,119
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$107,312
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$86,363
Expenses. Certain deemed distributions of participant loans2014-12-31$2,428
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$298,524
Value of total assets at end of year2014-12-31$3,113,829
Value of total assets at beginning of year2014-12-31$2,687,000
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$18,521
Total interest from all sources2014-12-31$4,607
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$18,521
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$202,450
Participant contributions at end of year2014-12-31$6,231
Participant contributions at beginning of year2014-12-31$5,522
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$9
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$88
Assets. Loans (other than to participants) at end of year2014-12-31$132,544
Assets. Loans (other than to participants) at beginning of year2014-12-31$91,913
Liabilities. Value of operating payables at end of year2014-12-31$6,108
Liabilities. Value of operating payables at beginning of year2014-12-31$9,034
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$435,807
Value of net assets at end of year (total assets less liabilities)2014-12-31$3,107,721
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$2,671,914
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$2,971,998
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$2,587,258
Income. Interest from loans (other than to participants)2014-12-31$4,607
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$239,988
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$96,074
Employer contributions (assets) at end of year2014-12-31$3,047
Employer contributions (assets) at beginning of year2014-12-31$2,219
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$86,363
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$6,052
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31SMITH, DUKES & BUCKELEW, LLP
Accountancy firm EIN2014-12-31630191630
2013 : SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$15,086
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$714,598
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$71,976
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$49,584
Value of total corrective distributions2013-12-31$6,052
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$261,376
Value of total assets at end of year2013-12-31$2,687,000
Value of total assets at beginning of year2013-12-31$2,029,292
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$16,340
Total interest from all sources2013-12-31$3,531
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$16,340
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$178,992
Participant contributions at end of year2013-12-31$5,522
Participant contributions at beginning of year2013-12-31$4,956
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$88
Assets. Loans (other than to participants) at end of year2013-12-31$91,913
Assets. Loans (other than to participants) at beginning of year2013-12-31$77,625
Liabilities. Value of operating payables at end of year2013-12-31$9,034
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$642,622
Value of net assets at end of year (total assets less liabilities)2013-12-31$2,671,914
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$2,029,292
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$2,587,258
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$1,938,428
Interest on participant loans2013-12-31$3,531
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$449,691
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$82,384
Employer contributions (assets) at end of year2013-12-31$2,219
Employer contributions (assets) at beginning of year2013-12-31$8,283
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$49,584
Liabilities. Value of benefit claims payable at end of year2013-12-31$6,052
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31SMITH DUKES & BUCKALEW, LLP
Accountancy firm EIN2013-12-31630191630

Form 5500 Responses for SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN

2022: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SMITH INDUSTRIAL SERVICE, INC 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SMITH INDUSTRIAL SERVICE, 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: SMITH INDUSTRIAL SERVICE, 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: SMITH INDUSTRIAL SERVICE, 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: SMITH INDUSTRIAL SERVICE, 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

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