401k Plan data: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN plan

OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 401k Plan overview

Plan Name	OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN
Plan identification number	002

OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

OHIO METALLURGICAL SERVICE, INC. has sponsored the creation of one or more 401k plans.

Company Name: OHIO METALLURGICAL SERVICE, INC.

Employer identification number (EIN): 340683881

NAIC Classification: 332810

Additional information about OHIO METALLURGICAL SERVICE, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division

Incorporation Date: 1947-12-19

Company Identification Number: 205547

Legal Registered Office Address: 1033 CLARK ST
-
ELYRIA
United States of America (USA)
440366257

More information about OHIO METALLURGICAL SERVICE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01 JOHN GAYDOSH 2022-07-06
002 2020-01-01 JOHN GAYDOSH 2021-03-29
002 2019-01-01 JOHN GAYDOSH 2020-06-22
002 2018-01-01 JOHN GAYDOSH
002 2017-01-01 JOHN GAYDOSH
002 2016-01-01 JOHN GAYDOSH
002 2015-01-01 JOHN GAYDOSH
002 2014-01-01 JOHN GAYDOSH
002 2013-01-01 JOHN GAYDOSH
002 2012-01-01 JOHN GAYDOSH 2013-07-15
002 2011-01-01 JOHN GAYDOSH 2012-04-18
002 2010-01-01 JOHN GAYDOSH 2011-06-17

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-01-01
002	2021-01-01	JOHN GAYDOSH	2022-07-06
002	2020-01-01	JOHN GAYDOSH	2021-03-29
002	2019-01-01	JOHN GAYDOSH	2020-06-22
002	2018-01-01	JOHN GAYDOSH
002	2017-01-01	JOHN GAYDOSH
002	2016-01-01	JOHN GAYDOSH
002	2015-01-01	JOHN GAYDOSH
002	2014-01-01	JOHN GAYDOSH
002	2013-01-01	JOHN GAYDOSH
002	2012-01-01	JOHN GAYDOSH	2013-07-15
002	2011-01-01	JOHN GAYDOSH	2012-04-18
002	2010-01-01	JOHN GAYDOSH	2011-06-17

Plan Statistics for OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN

401k plan membership statisitcs for OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN

Measure Date Value
2018: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 69
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 55
Number of other retired or separated participants entitled to future benefits 2018-01-01 11
Total of all active and inactive participants 2018-01-01 66
Total participants 2018-01-01 66
Number of participants with account balances 2018-01-01 66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 5
2017: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 63
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 60
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 9
Total of all active and inactive participants 2017-01-01 69
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 69
Number of participants with account balances 2017-01-01 69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 4
2016: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 55
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 58
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 5
Total of all active and inactive participants 2016-01-01 63
Total participants 2016-01-01 63
Number of participants with account balances 2016-01-01 63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 2
2015: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 60
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 50
Number of retired or separated participants receiving benefits 2015-01-01 5
Total of all active and inactive participants 2015-01-01 55
Total participants 2015-01-01 55
Number of participants with account balances 2015-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 2
2014: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 60
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 47
Number of other retired or separated participants entitled to future benefits 2014-01-01 12
Total of all active and inactive participants 2014-01-01 59
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 1
Total participants 2014-01-01 60
Number of participants with account balances 2014-01-01 59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 2
2013: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 56
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 50
Number of other retired or separated participants entitled to future benefits 2013-01-01 10
Total of all active and inactive participants 2013-01-01 60
Total participants 2013-01-01 60
Number of participants with account balances 2013-01-01 59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 3

Measure	Date	Value
2018: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	69
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	55
Number of other retired or separated participants entitled to future benefits	2018-01-01	11
Total of all active and inactive participants	2018-01-01	66
Total participants	2018-01-01	66
Number of participants with account balances	2018-01-01	66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	5
2017: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	63
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	60
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	9
Total of all active and inactive participants	2017-01-01	69
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	69
Number of participants with account balances	2017-01-01	69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	4
2016: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	55
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	58
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	5
Total of all active and inactive participants	2016-01-01	63
Total participants	2016-01-01	63
Number of participants with account balances	2016-01-01	63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	2
2015: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	60
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	50
Number of retired or separated participants receiving benefits	2015-01-01	5
Total of all active and inactive participants	2015-01-01	55
Total participants	2015-01-01	55
Number of participants with account balances	2015-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	2
2014: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	60
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	47
Number of other retired or separated participants entitled to future benefits	2014-01-01	12
Total of all active and inactive participants	2014-01-01	59
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	1
Total participants	2014-01-01	60
Number of participants with account balances	2014-01-01	59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	2
2013: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	56
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	50
Number of other retired or separated participants entitled to future benefits	2013-01-01	10
Total of all active and inactive participants	2013-01-01	60
Total participants	2013-01-01	60
Number of participants with account balances	2013-01-01	59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	3

Financial Data on OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN

Measure	Date	Value
2018 : OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$-74,774
Expenses. Total of all expenses incurred	2018-12-31	$30,518
Benefits paid (including direct rollovers)	2018-12-31	$6,048
Total plan assets at end of year	2018-12-31	$2,645,723
Total plan assets at beginning of year	2018-12-31	$2,751,015
Value of fidelity bond covering the plan	2018-12-31	$300,000
Other income received	2018-12-31	$-266,037
Net income (gross income less expenses)	2018-12-31	$-105,292
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$2,645,723
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$2,751,015
Assets. Value of participant loans	2018-12-31	$118,358
Assets. Value of assets in partnership/joint-venture interests	2018-12-31	$0
Total contributions received or receivable from employer(s)	2018-12-31	$191,263
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$24,470
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$487,947
Expenses. Total of all expenses incurred	2017-12-31	$35,314
Benefits paid (including direct rollovers)	2017-12-31	$9,940
Total plan assets at end of year	2017-12-31	$2,751,015
Total plan assets at beginning of year	2017-12-31	$2,298,382
Value of fidelity bond covering the plan	2017-12-31	$300,000
Other income received	2017-12-31	$313,579
Net income (gross income less expenses)	2017-12-31	$452,633
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$2,751,015
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$2,298,382
Assets. Value of participant loans	2017-12-31	$116,215
Assets. Value of assets in partnership/joint-venture interests	2017-12-31	$85,700
Total contributions received or receivable from employer(s)	2017-12-31	$174,368
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$25,374
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$213,153
Expenses. Total of all expenses incurred	2016-12-31	$585,923
Benefits paid (including direct rollovers)	2016-12-31	$562,243
Total plan assets at end of year	2016-12-31	$2,298,382
Total plan assets at beginning of year	2016-12-31	$2,671,152
Value of fidelity bond covering the plan	2016-12-31	$300,000
Other income received	2016-12-31	$45,699
Net income (gross income less expenses)	2016-12-31	$-372,770
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$2,298,382
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$2,671,152
Assets. Value of participant loans	2016-12-31	$119,578
Assets. Value of assets in partnership/joint-venture interests	2016-12-31	$93,770
Total contributions received or receivable from employer(s)	2016-12-31	$167,454
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$23,680
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$113,542
Expenses. Total of all expenses incurred	2015-12-31	$360,140
Benefits paid (including direct rollovers)	2015-12-31	$335,266
Total plan assets at end of year	2015-12-31	$2,671,152
Total plan assets at beginning of year	2015-12-31	$2,917,750
Value of fidelity bond covering the plan	2015-12-31	$300,000
Other income received	2015-12-31	$-44,961
Net income (gross income less expenses)	2015-12-31	$-246,598
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$2,671,152
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$2,917,750
Assets. Value of participant loans	2015-12-31	$152,743
Assets. Value of assets in partnership/joint-venture interests	2015-12-31	$200,000
Total contributions received or receivable from employer(s)	2015-12-31	$158,503
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$24,874
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$251,873
Expenses. Total of all expenses incurred	2014-12-31	$89,245
Benefits paid (including direct rollovers)	2014-12-31	$61,150
Total plan assets at end of year	2014-12-31	$2,917,750
Total plan assets at beginning of year	2014-12-31	$2,755,122
Value of fidelity bond covering the plan	2014-12-31	$300,000
Other income received	2014-12-31	$106,242
Net income (gross income less expenses)	2014-12-31	$162,628
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$2,917,750
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$2,755,122
Assets. Value of participant loans	2014-12-31	$98,564
Assets. Value of assets in partnership/joint-venture interests	2014-12-31	$200,000
Total contributions received or receivable from employer(s)	2014-12-31	$145,631
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$28,095
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$471,787
Expenses. Total of all expenses incurred	2013-12-31	$36,648
Benefits paid (including direct rollovers)	2013-12-31	$12,032
Total plan assets at end of year	2013-12-31	$2,755,122
Total plan assets at beginning of year	2013-12-31	$2,319,983
Value of fidelity bond covering the plan	2013-12-31	$300,000
Other income received	2013-12-31	$327,494
Net income (gross income less expenses)	2013-12-31	$435,139
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$2,755,122
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$2,319,983
Assets. Value of participant loans	2013-12-31	$78,917
Assets. Value of assets in partnership/joint-venture interests	2013-12-31	$200,000
Total contributions received or receivable from employer(s)	2013-12-31	$144,293
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$24,616
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0

Form 5500 Responses for OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN

2018: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: OHIO METALLURGICAL SERVICE, INC. EMPLOYEES' PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	OHIO METALLURGICAL SERVICE, INC.
Employer identification number (EIN):	340683881
NAIC Classification:	332810

Jurisdiction of Incorporation:	Ohio Secretary of State Business Services Division
Incorporation Date:	1947-12-19
Company Identification Number:	205547
Legal Registered Office Address:	1033 CLARK ST - ELYRIA United States of America (USA) 440366257