?>
Logo

TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 401k Plan overview

Plan NameTECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN
Plan identification number 001

TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 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
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

TECHNIFAB PRODUCTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:TECHNIFAB PRODUCTS, INC.
Employer identification number (EIN):351866225
NAIC Classification:339900

Additional information about TECHNIFAB PRODUCTS, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2013-01-15
Company Identification Number: 0801717212
Legal Registered Office Address: PO BOX 315

BRAZIL
United States of America (USA)
47834

More information about TECHNIFAB PRODUCTS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01LAURA DRAKE
0012017-01-01STEPHEN SHORT
0012016-01-01STEPHEN SHORT2017-04-27 STEPHEN SHORT2017-04-27
0012015-01-01STEPHEN SHORT2016-04-21 STEPHEN SHORT2016-04-21
0012014-01-01STEPHEN SHORT2015-05-06 STEPHEN SHORT2015-05-06
0012013-01-01STEPHEN SHORT2014-04-11 STEPHEN SHORT2014-04-11
0012012-01-01STEPHEN SHORT2013-05-01 STEPHEN SHORT2013-05-01
0012011-01-01STEPHEN SHORT2012-04-04 STEPHEN SHORT2012-04-04
0012010-01-01STEPHEN SHORT2011-04-21 STEPHEN SHORT2011-04-21

Plan Statistics for TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN

401k plan membership statisitcs for TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN

Measure Date Value
2022: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01116
Total number of active participants reported on line 7a of the Form 55002022-01-01102
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-019
Total of all active and inactive participants2022-01-01111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01111
Number of participants with account balances2022-01-0172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-014
2021: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01110
Total number of active participants reported on line 7a of the Form 55002021-01-01106
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0110
Total of all active and inactive participants2021-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01116
Number of participants with account balances2021-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-016
2020: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01106
Total number of active participants reported on line 7a of the Form 55002020-01-01108
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-012
Total of all active and inactive participants2020-01-01110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01110
Number of participants with account balances2020-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0194
Total number of active participants reported on line 7a of the Form 55002019-01-01101
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-014
Total of all active and inactive participants2019-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01106
Number of participants with account balances2019-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012
2018: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0173
Total number of active participants reported on line 7a of the Form 55002018-01-0191
Number of retired or separated participants receiving benefits2018-01-011
Number of other retired or separated participants entitled to future benefits2018-01-012
Total of all active and inactive participants2018-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0194
Number of participants with account balances2018-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-012
2017: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0170
Total number of active participants reported on line 7a of the Form 55002017-01-0169
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-014
Total of all active and inactive participants2017-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0173
Number of participants with account balances2017-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN

Measure Date Value
2022 : TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-452,620
Expenses. Total of all expenses incurred2022-12-31$676,538
Benefits paid (including direct rollovers)2022-12-31$642,167
Total plan assets at end of year2022-12-31$4,233,255
Total plan assets at beginning of year2022-12-31$5,362,413
Value of fidelity bond covering the plan2022-12-31$500,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$348,125
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-910,987
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-1,129,158
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,233,255
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,362,413
Assets. Value of participant loans2022-12-31$46,353
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$110,242
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$17,936
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$16,435
2021 : TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,091,717
Expenses. Total of all expenses incurred2021-12-31$260,808
Benefits paid (including direct rollovers)2021-12-31$243,447
Total plan assets at end of year2021-12-31$5,362,413
Total plan assets at beginning of year2021-12-31$4,531,504
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$314,714
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$111,201
Other income received2021-12-31$566,470
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$830,909
Net plan assets at end of year (total assets less liabilities)2021-12-31$5,362,413
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$4,531,504
Assets. Value of participant loans2021-12-31$65,894
Total contributions received or receivable from employer(s)2021-12-31$99,332
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$2,145
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$15,216
2020 : TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$946,584
Expenses. Total of all expenses incurred2020-12-31$399,823
Benefits paid (including direct rollovers)2020-12-31$379,173
Total plan assets at end of year2020-12-31$4,531,504
Total plan assets at beginning of year2020-12-31$3,984,743
Value of fidelity bond covering the plan2020-12-31$500,000
Total contributions received or receivable from participants2020-12-31$260,231
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$595,984
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$546,761
Net plan assets at end of year (total assets less liabilities)2020-12-31$4,531,504
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$3,984,743
Assets. Value of participant loans2020-12-31$140,314
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$90,369
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$8,263
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$12,387
2019 : TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,047,412
Expenses. Total of all expenses incurred2019-12-31$239,176
Benefits paid (including direct rollovers)2019-12-31$225,127
Total plan assets at end of year2019-12-31$3,984,743
Total plan assets at beginning of year2019-12-31$3,176,507
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$216,678
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$45,990
Other income received2019-12-31$713,180
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$808,236
Net plan assets at end of year (total assets less liabilities)2019-12-31$3,984,743
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$3,176,507
Assets. Value of participant loans2019-12-31$98,068
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$71,564
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$3,402
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$10,647
2018 : TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$104,561
Expenses. Total of all expenses incurred2018-12-31$166,096
Benefits paid (including direct rollovers)2018-12-31$155,207
Total plan assets at end of year2018-12-31$3,176,507
Total plan assets at beginning of year2018-12-31$3,238,042
Value of fidelity bond covering the plan2018-12-31$400,000
Total contributions received or receivable from participants2018-12-31$220,412
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-178,074
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-61,535
Net plan assets at end of year (total assets less liabilities)2018-12-31$3,176,507
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$3,238,042
Assets. Value of participant loans2018-12-31$94,933
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$62,223
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$1,596
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$9,293
2017 : TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$706,841
Expenses. Total of all expenses incurred2017-12-31$80,125
Benefits paid (including direct rollovers)2017-12-31$77,498
Total plan assets at end of year2017-12-31$3,238,042
Total plan assets at beginning of year2017-12-31$2,611,326
Value of fidelity bond covering the plan2017-12-31$300,000
Total contributions received or receivable from participants2017-12-31$185,248
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$463,116
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$626,716
Net plan assets at end of year (total assets less liabilities)2017-12-31$3,238,042
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,611,326
Assets. Value of participant loans2017-12-31$36,194
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$58,477
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$2,627

Form 5500 Responses for TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN

2022: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS 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: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS 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: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS 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: TECHNIFAB PRODUCTS, INC. 401(K) SAVINGS 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 – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613422
Policy instance 1
Insurance contract or identification number613422
Number of Individuals Covered0
Insurance policy start date2017-01-01
Insurance policy end date2017-11-30
Total amount of commissions paid to insurance brokerUSD $6,771
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,771
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameM J INS INC

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3