MAJOR TOOL & MACHINE, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan MAJOR TOOL & MACHINE, INC. RETIREMENT PLAN
401k plan membership statisitcs for MAJOR TOOL & MACHINE, INC. RETIREMENT PLAN
Measure | Date | Value |
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2012 : MAJOR TOOL & MACHINE, INC. RETIREMENT PLAN 2012 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2012-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $66,898 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $24,293 |
Total income from all sources (including contributions) | 2012-12-31 | $7,606,273 |
Total loss/gain on sale of assets | 2012-12-31 | $137,497 |
Total of all expenses incurred | 2012-12-31 | $18,940,074 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $18,868,662 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $6,800,000 |
Value of total assets at end of year | 2012-12-31 | $117,488 |
Value of total assets at beginning of year | 2012-12-31 | $11,408,684 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $71,412 |
Total interest from all sources | 2012-12-31 | $88,368 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $168,617 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2012-12-31 | $0 |
Total dividends received from registered investment company shares (eg mutual funds) | 2012-12-31 | $168,617 |
Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
Value of fidelity bond cover | 2012-12-31 | $500,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
Assets. Other investments not covered elsewhere at end of year | 2012-12-31 | $0 |
Assets. Other investments not covered elsewhere at beginning of year | 2012-12-31 | $1,791,934 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-12-31 | $44,021 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2012-12-31 | $66,898 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2012-12-31 | $24,293 |
Administrative expenses (other) incurred | 2012-12-31 | $44,069 |
Total non interest bearing cash at end of year | 2012-12-31 | $8 |
Total non interest bearing cash at beginning of year | 2012-12-31 | $2,117 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Value of net income/loss | 2012-12-31 | $-11,333,801 |
Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $50,590 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $11,384,391 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
Investment advisory and management fees | 2012-12-31 | $27,343 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $5,436,356 |
Income. Interest from US Government securities | 2012-12-31 | $22,976 |
Income. Interest from corporate debt instruments | 2012-12-31 | $62,741 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $117,480 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $337,300 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $337,300 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-12-31 | $2,651 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2012-12-31 | $4,122,120 |
Asset value of US Government securities at end of year | 2012-12-31 | $0 |
Asset value of US Government securities at beginning of year | 2012-12-31 | $1,534,308 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $411,791 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
Contributions received in cash from employer | 2012-12-31 | $6,800,000 |
Income. Dividends from common stock | 2012-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $14,746,542 |
Asset. Corporate debt instrument debt (other) at end of year | 2012-12-31 | $0 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2012-12-31 | $1,902,196 |
Assets. Corporate common stocks other than exployer securities at end of year | 2012-12-31 | $0 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2012-12-31 | $360,452 |
Did the plan have assets held for investment | 2012-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
Aggregate proceeds on sale of assets | 2012-12-31 | $4,104,804 |
Aggregate carrying amount (costs) on sale of assets | 2012-12-31 | $3,967,307 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
Accountancy firm name | 2012-12-31 | KATZ, SAPPER & MILLER, LLP |
Accountancy firm EIN | 2012-12-31 | 351090346 |
2011 : MAJOR TOOL & MACHINE, INC. RETIREMENT PLAN 2011 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2011-12-31 | $-79,720 |
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $-79,720 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $24,293 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $8,920 |
Total income from all sources (including contributions) | 2011-12-31 | $-299,038 |
Total loss/gain on sale of assets | 2011-12-31 | $-160,843 |
Total of all expenses incurred | 2011-12-31 | $590,766 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $536,267 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $0 |
Value of total assets at end of year | 2011-12-31 | $11,408,684 |
Value of total assets at beginning of year | 2011-12-31 | $12,283,115 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $54,499 |
Total interest from all sources | 2011-12-31 | $120,921 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $370,136 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $364,238 |
Assets. Corporate prefeered stocks other than exployer securities at end of year | 2011-12-31 | $0 |
Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2011-12-31 | $0 |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $500,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Assets. Other investments not covered elsewhere at end of year | 2011-12-31 | $1,791,934 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2011-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-12-31 | $44,021 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-12-31 | $48,793 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2011-12-31 | $24,293 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2011-12-31 | $8,920 |
Administrative expenses (other) incurred | 2011-12-31 | $24,214 |
Total non interest bearing cash at end of year | 2011-12-31 | $2,117 |
Total non interest bearing cash at beginning of year | 2011-12-31 | $15,689 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $-889,804 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $11,384,391 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $12,274,195 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Assets. partnership/joint venture interests at end of year | 2011-12-31 | $0 |
Assets. partnership/joint venture interests at beginning of year | 2011-12-31 | $0 |
Investment advisory and management fees | 2011-12-31 | $30,285 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $5,436,356 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $6,572,055 |
Interest earned on other investments | 2011-12-31 | $0 |
Income. Interest from US Government securities | 2011-12-31 | $31,040 |
Income. Interest from corporate debt instruments | 2011-12-31 | $86,400 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $337,300 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $790,356 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $790,356 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $3,481 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2011-12-31 | $0 |
Asset value of US Government securities at end of year | 2011-12-31 | $1,534,308 |
Asset value of US Government securities at beginning of year | 2011-12-31 | $1,638,037 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-549,532 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Contributions received in cash from employer | 2011-12-31 | $0 |
Employer contributions (assets) at end of year | 2011-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2011-12-31 | $750,000 |
Income. Dividends from common stock | 2011-12-31 | $5,898 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $536,267 |
Asset. Corporate debt instrument debt (other) at end of year | 2011-12-31 | $1,902,196 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2011-12-31 | $1,948,293 |
Assets. Corporate common stocks other than exployer securities at end of year | 2011-12-31 | $360,452 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2011-12-31 | $519,892 |
Did the plan have assets held for investment | 2011-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Aggregate proceeds on sale of assets | 2011-12-31 | $2,876,277 |
Aggregate carrying amount (costs) on sale of assets | 2011-12-31 | $3,037,120 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
Accountancy firm name | 2011-12-31 | KATZ, SAPPER, & MILLER, L.L.P. |
Accountancy firm EIN | 2011-12-31 | 351090346 |
2010 : MAJOR TOOL & MACHINE, INC. RETIREMENT PLAN 2010 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $138,170 |
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $138,170 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $8,920 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $7,831 |
Total income from all sources (including contributions) | 2010-12-31 | $2,082,265 |
Total loss/gain on sale of assets | 2010-12-31 | $-29,426 |
Total of all expenses incurred | 2010-12-31 | $252,851 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $252,851 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $750,000 |
Value of total assets at end of year | 2010-12-31 | $12,283,115 |
Value of total assets at beginning of year | 2010-12-31 | $10,452,612 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $0 |
Total interest from all sources | 2010-12-31 | $219,465 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $201,166 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $104,449 |
Assets. Corporate prefeered stocks other than exployer securities at end of year | 2010-12-31 | $0 |
Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2010-12-31 | $0 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $500,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2010-12-31 | $50,990 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $48,793 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $51,010 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2010-12-31 | $8,920 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2010-12-31 | $7,831 |
Other income not declared elsewhere | 2010-12-31 | $270,656 |
Total non interest bearing cash at end of year | 2010-12-31 | $15,689 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $1,829,414 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $12,274,195 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $10,444,781 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Assets. partnership/joint venture interests at end of year | 2010-12-31 | $0 |
Assets. partnership/joint venture interests at beginning of year | 2010-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $6,572,055 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $4,453,936 |
Income. Interest from US Government securities | 2010-12-31 | $33,042 |
Income. Interest from corporate debt instruments | 2010-12-31 | $104,203 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $790,356 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $1,637,638 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $1,637,638 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $82,220 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2010-12-31 | $0 |
Asset value of US Government securities at end of year | 2010-12-31 | $1,638,037 |
Asset value of US Government securities at beginning of year | 2010-12-31 | $1,804,957 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $532,234 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Contributions received in cash from employer | 2010-12-31 | $750,000 |
Employer contributions (assets) at end of year | 2010-12-31 | $750,000 |
Income. Dividends from common stock | 2010-12-31 | $96,717 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $201,861 |
Asset. Corporate debt instrument debt (other) at end of year | 2010-12-31 | $1,948,293 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2010-12-31 | $1,499,337 |
Assets. Corporate common stocks other than exployer securities at end of year | 2010-12-31 | $519,892 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2010-12-31 | $1,005,734 |
Did the plan have assets held for investment | 2010-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Aggregate proceeds on sale of assets | 2010-12-31 | $2,971,121 |
Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $3,000,547 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
Accountancy firm name | 2010-12-31 | KATZ, SAPPER, & MILLER, L.L.P. |
Accountancy firm EIN | 2010-12-31 | 351090346 |
2009 : MAJOR TOOL & MACHINE, INC. RETIREMENT PLAN 2009 401k financial data |
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Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |