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WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 401k Plan overview

Plan NameWORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST
Plan identification number 001

WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST Benefits

401k Plan TypeDefined 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
  • 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.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

WORKMAN INDUSTRIAL SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:WORKMAN INDUSTRIAL SERVICES, INC.
Employer identification number (EIN):341506742
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01JAMES T WORKMAN, III2015-06-22
0012013-01-01
0012012-01-01JAMES T WORKMAN, III JAMES T WORKMAN, III2013-05-08
0012011-01-01JAMES T WORKMAN, III JAMES T WORKMAN, III2012-04-18
0012010-01-01JAMES T WORKMAN, III JAMES T WORKMAN, III2011-04-09
0012009-01-01JAMES T. WORKMAN, III JAMES T. WORKMAN, III2010-08-03

Financial Data on WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST

Measure Date Value
2025 : WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-2511225
Net assets as of the end of the plan year2025-06-253562473
Total assets as of the beginning of the plan year2025-06-253034995
Value of plan covered by a fidelity bond2025-06-25400000
Participant contributions to plan in this plan year2025-06-2584182
Value of participant loans at end of plan year2025-06-2552117
Other income to plan in this plan year2025-06-25223329
Plan net income in this plan year2025-06-25527478
Net assets as of the end of the plan year2025-06-253562473
Net assets as of the beginning of the plan year2025-06-253034995
Employer contributions to plan in this plan year2025-06-25231192
2024 : WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-05-170
Total expenses incurred by plan in this plan year2024-05-1736987
Net assets as of the end of the plan year2024-05-173034995
Total assets as of the beginning of the plan year2024-05-172561562
Value of plan covered by a fidelity bond2024-05-17300000
Participant contributions to plan in this plan year2024-05-1769051
Value of participant loans at end of plan year2024-05-1755072
Other contributions to plan in this plan year2024-05-170
Other income to plan in this plan year2024-05-17286392
Plan net income in this plan year2024-05-17473433
Net assets as of the end of the plan year2024-05-173034995
Net assets as of the beginning of the plan year2024-05-172561562
Employer contributions to plan in this plan year2024-05-17154977
2013 : WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2013 401k financial data
Total income from all sources2013-12-31$368,911
Expenses. Total of all expenses incurred2013-12-31$204,580
Benefits paid (including direct rollovers)2013-12-31$198,585
Total plan assets at end of year2013-12-31$1,416,238
Total plan assets at beginning of year2013-12-31$1,251,907
Value of fidelity bond covering the plan2013-12-31$200,000
Total contributions received or receivable from participants2013-12-31$53,482
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$188,679
Net income (gross income less expenses)2013-12-31$164,331
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,416,238
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,251,907
Assets. Value of participant loans2013-12-31$70,757
Total contributions received or receivable from employer(s)2013-12-31$126,750
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$5,995
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2012 401k financial data
Total income from all sources2012-12-31$291,241
Expenses. Total of all expenses incurred2012-12-31$354,732
Benefits paid (including direct rollovers)2012-12-31$348,240
Total plan assets at end of year2012-12-31$1,251,907
Total plan assets at beginning of year2012-12-31$1,315,398
Value of fidelity bond covering the plan2012-12-31$200,000
Total contributions received or receivable from participants2012-12-31$66,474
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$107,652
Net income (gross income less expenses)2012-12-31$-63,491
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,251,907
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,315,398
Assets. Value of participant loans2012-12-31$73,191
Total contributions received or receivable from employer(s)2012-12-31$117,115
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$6,492
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2011 401k financial data
Total income from all sources2011-12-31$154,378
Expenses. Total of all expenses incurred2011-12-31$23,708
Benefits paid (including direct rollovers)2011-12-31$20,683
Total plan assets at end of year2011-12-31$1,315,398
Total plan assets at beginning of year2011-12-31$1,184,728
Value of fidelity bond covering the plan2011-12-31$200,000
Total contributions received or receivable from participants2011-12-31$74,830
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$10,284
Net income (gross income less expenses)2011-12-31$130,670
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,315,398
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,184,728
Assets. Value of participant loans2011-12-31$81,851
Total contributions received or receivable from employer(s)2011-12-31$69,264
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$3,025
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$301,754
Expenses. Total of all expenses incurred2010-12-31$58,341
Benefits paid (including direct rollovers)2010-12-31$52,780
Total plan assets at end of year2010-12-31$1,184,728
Total plan assets at beginning of year2010-12-31$941,315
Value of fidelity bond covering the plan2010-12-31$200,000
Total contributions received or receivable from participants2010-12-31$94,038
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$97,267
Net income (gross income less expenses)2010-12-31$243,413
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,184,728
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$941,315
Assets. Value of participant loans2010-12-31$28,117
Total contributions received or receivable from employer(s)2010-12-31$110,449
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$5,561
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST

2013: WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 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 – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: WORKMAN INDUSTRIAL SERVICES, INC. PROFIT SHARING AND 401(K) PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHA447
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHA447
Policy instance 1

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