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POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NamePOLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.

401k Sponsoring company profile

POLYMER TECHNOLOGY SYSTEMS, INC has sponsored the creation of one or more 401k plans.

Company Name:POLYMER TECHNOLOGY SYSTEMS, INC
Employer identification number (EIN):351895358
NAIC Classification:339110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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
0012020-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01MARK MORGAN
0012016-01-01MARK MORGAN
0012015-01-01ALISSHIA ISAACS
0012015-01-01MARK MORGAN
0012014-01-01ALISSHIA ISAACS2015-10-13 ALISSHIA ISAACS2015-10-13
0012013-01-01ROBERT HUFFSTODT2014-07-29
0012012-01-01STEVE BIETTE2013-07-31 STEVE BIETTE2013-07-31
0012011-01-01ROGER W. HILDEBRAND2012-06-18
0012010-01-01ROGER W HILDEBRAND2011-03-15

Plan Statistics for POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01251
Total number of active participants reported on line 7a of the Form 55002022-01-01201
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0153
Total of all active and inactive participants2022-01-01254
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01254
Number of participants with account balances2022-01-01218
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-015
2021: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01251
Total number of active participants reported on line 7a of the Form 55002021-01-01211
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-0149
Total of all active and inactive participants2021-01-01261
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01261
Number of participants with account balances2021-01-01217
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-012
2020: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01296
Total number of active participants reported on line 7a of the Form 55002020-01-01192
Number of retired or separated participants receiving benefits2020-01-013
Number of other retired or separated participants entitled to future benefits2020-01-0160
Total of all active and inactive participants2020-01-01255
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01255
Number of participants with account balances2020-01-01230
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-018
2019: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01276
Total number of active participants reported on line 7a of the Form 55002019-01-01183
Number of retired or separated participants receiving benefits2019-01-013
Number of other retired or separated participants entitled to future benefits2019-01-01110
Total of all active and inactive participants2019-01-01296
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01296
Number of participants with account balances2019-01-01227
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0125
2018: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01266
Total number of active participants reported on line 7a of the Form 55002018-01-01228
Number of retired or separated participants receiving benefits2018-01-018
Number of other retired or separated participants entitled to future benefits2018-01-0140
Total of all active and inactive participants2018-01-01276
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01276
Number of participants with account balances2018-01-01248
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-012
2017: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01234
Total number of active participants reported on line 7a of the Form 55002017-01-01203
Number of retired or separated participants receiving benefits2017-01-0118
Number of other retired or separated participants entitled to future benefits2017-01-0136
Total of all active and inactive participants2017-01-01257
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01257
Number of participants with account balances2017-01-01225
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0128
2016: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01212
Total number of active participants reported on line 7a of the Form 55002016-01-01189
Number of retired or separated participants receiving benefits2016-01-0116
Number of other retired or separated participants entitled to future benefits2016-01-0119
Total of all active and inactive participants2016-01-01224
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01224
Number of participants with account balances2016-01-01184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0114
2015: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01177
Total number of active participants reported on line 7a of the Form 55002015-01-01183
Number of retired or separated participants receiving benefits2015-01-018
Number of other retired or separated participants entitled to future benefits2015-01-0114
Total of all active and inactive participants2015-01-01205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01205
Number of participants with account balances2015-01-01163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-018

Financial Data on POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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$0
Total income from all sources (including contributions)2022-12-31$-1,521,543
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,561,773
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,551,632
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,184,089
Value of total assets at end of year2022-12-31$18,208,617
Value of total assets at beginning of year2022-12-31$21,291,933
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$10,141
Total interest from all sources2022-12-31$8,366
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$935,283
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$935,283
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$1,254,765
Participant contributions at end of year2022-12-31$186,963
Participant contributions at beginning of year2022-12-31$239,380
Assets. Other investments not covered elsewhere at end of year2022-12-31$477,659
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$772,432
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$216,639
Other income not declared elsewhere2022-12-31$-295,328
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$-3,083,316
Value of net assets at end of year (total assets less liabilities)2022-12-31$18,208,617
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$21,291,933
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$16,754,811
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$19,655,408
Interest on participant loans2022-12-31$8,366
Value of interest in common/collective trusts at end of year2022-12-31$786,097
Value of interest in common/collective trusts at beginning of year2022-12-31$534,577
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$3,087
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$90,136
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$90,136
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-4,366,901
Net investment gain or loss from common/collective trusts2022-12-31$12,948
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$712,685
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,551,632
Contract administrator fees2022-12-31$10,141
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 name2022-12-31MCM CPAS AND ADVISORS LLP
Accountancy firm EIN2022-12-31271235638
2021 : POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$4,508,983
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,663,103
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,656,511
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,778,249
Value of total assets at end of year2021-12-31$21,291,933
Value of total assets at beginning of year2021-12-31$18,446,053
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$6,592
Total interest from all sources2021-12-31$12,966
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$678,079
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$678,079
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$1,268,360
Participant contributions at end of year2021-12-31$239,380
Participant contributions at beginning of year2021-12-31$257,381
Assets. Other investments not covered elsewhere at end of year2021-12-31$772,432
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$697,940
Other income not declared elsewhere2021-12-31$1,392
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$2,845,880
Value of net assets at end of year (total assets less liabilities)2021-12-31$21,291,933
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$18,446,053
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$19,655,408
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$16,990,357
Interest on participant loans2021-12-31$12,966
Value of interest in common/collective trusts at end of year2021-12-31$534,577
Value of interest in common/collective trusts at beginning of year2021-12-31$419,279
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$90,136
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$81,096
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$81,096
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,029,823
Net investment gain or loss from common/collective trusts2021-12-31$8,474
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 contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$509,889
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,656,511
Contract administrator fees2021-12-31$6,592
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 name2021-12-31MCM CPAS AND ADVISORS LLP
Accountancy firm EIN2021-12-31271235638
2020 : POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$5,080,196
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,425,134
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,404,266
Value of total corrective distributions2020-12-31$3,424
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$2,465,974
Value of total assets at end of year2020-12-31$18,446,053
Value of total assets at beginning of year2020-12-31$14,790,991
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$17,444
Total interest from all sources2020-12-31$12,084
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$485,463
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$485,463
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,450,470
Participant contributions at end of year2020-12-31$257,381
Participant contributions at beginning of year2020-12-31$230,648
Assets. Other investments not covered elsewhere at end of year2020-12-31$697,940
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$267,362
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$79,160
Other income not declared elsewhere2020-12-31$1,491
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
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$3,655,062
Value of net assets at end of year (total assets less liabilities)2020-12-31$18,446,053
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$14,790,991
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$16,990,357
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$13,531,132
Interest on participant loans2020-12-31$12,084
Value of interest in common/collective trusts at end of year2020-12-31$419,279
Value of interest in common/collective trusts at beginning of year2020-12-31$682,008
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$81,096
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$79,841
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$79,841
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$2,101,283
Net investment gain/loss from pooled separate accounts2020-12-31$13,901
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$936,344
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,404,266
Contract administrator fees2020-12-31$17,444
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 plan2020-12-31Unqualified
Accountancy firm name2020-12-31MCM CPAS AND ADVISORS LLP
Accountancy firm EIN2020-12-31271235638
2019 : POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$5,100,975
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,357,459
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,351,385
Value of total corrective distributions2019-12-31$292
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,630,579
Value of total assets at end of year2019-12-31$14,790,991
Value of total assets at beginning of year2019-12-31$11,047,475
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$5,782
Total interest from all sources2019-12-31$12,851
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$494,903
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$494,903
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,581,733
Participant contributions at end of year2019-12-31$230,648
Participant contributions at beginning of year2019-12-31$213,282
Assets. Other investments not covered elsewhere at end of year2019-12-31$267,362
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$158,251
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$2,160
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$4,863
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$3,743,516
Value of net assets at end of year (total assets less liabilities)2019-12-31$14,790,991
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$11,047,475
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 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$13,531,132
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$10,671,079
Interest on participant loans2019-12-31$12,851
Value of interest in common/collective trusts at end of year2019-12-31$682,008
Value of interest in common/collective trusts at beginning of year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$79,841
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,954,774
Net investment gain or loss from common/collective trusts2019-12-31$7,868
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
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,046,686
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,351,385
Contract administrator fees2019-12-31$5,782
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
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
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
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MCM CPAS AND ADVISORS LLP
Accountancy firm EIN2019-12-31271235638
2018 : POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$2,694,799
Total loss/gain on sale of assets2018-12-31$-447,678
Total of all expenses incurred2018-12-31$1,322,722
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,238,134
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$3,131,161
Value of total assets at end of year2018-12-31$11,047,475
Value of total assets at beginning of year2018-12-31$9,675,398
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$84,588
Total interest from all sources2018-12-31$11,316
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
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$1,430,496
Participant contributions at end of year2018-12-31$213,282
Participant contributions at beginning of year2018-12-31$173,656
Assets. Other investments not covered elsewhere at end of year2018-12-31$158,251
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$165,038
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$244,484
Administrative expenses (other) incurred2018-12-31$7,604
Total non interest bearing cash at end of year2018-12-31$4,863
Total non interest bearing cash at beginning of year2018-12-31$49,443
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$1,372,077
Value of net assets at end of year (total assets less liabilities)2018-12-31$11,047,475
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$9,675,398
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
Investment advisory and management fees2018-12-31$43,299
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$10,671,079
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$9,287,261
Interest on participant loans2018-12-31$11,316
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$1,456,181
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,238,134
Contract administrator fees2018-12-31$33,685
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$-447,678
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 name2018-12-31MCM CPAS AND ADVISORS LLP
Accountancy firm EIN2018-12-31271235638
2017 : POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$3,353,302
Total loss/gain on sale of assets2017-12-31$1,286,711
Total of all expenses incurred2017-12-31$693,548
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$630,093
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,058,843
Value of total assets at end of year2017-12-31$9,675,398
Value of total assets at beginning of year2017-12-31$7,015,644
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$63,455
Total interest from all sources2017-12-31$7,748
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
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
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$1,189,215
Participant contributions at end of year2017-12-31$173,656
Participant contributions at beginning of year2017-12-31$163,921
Assets. Other investments not covered elsewhere at end of year2017-12-31$165,038
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$67,545
Total non interest bearing cash at end of year2017-12-31$49,443
Total non interest bearing cash at beginning of year2017-12-31$2,356
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$2,659,754
Value of net assets at end of year (total assets less liabilities)2017-12-31$9,675,398
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$7,015,644
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$9,287,261
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$6,781,822
Interest on participant loans2017-12-31$7,748
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$869,628
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$630,093
Contract administrator fees2017-12-31$63,455
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
Aggregate proceeds on sale of assets2017-12-31$1,286,711
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 name2017-12-31MCM CPAS AND ADVISORS LLP
Accountancy firm EIN2017-12-31271235638
2016 : POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$2,771,398
Total loss/gain on sale of assets2016-12-31$-33,740
Total of all expenses incurred2016-12-31$1,087,916
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,040,226
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,425,496
Value of total assets at end of year2016-12-31$7,015,644
Value of total assets at beginning of year2016-12-31$5,332,162
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$47,690
Total interest from all sources2016-12-31$6,276
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
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
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$1,274,217
Participant contributions at end of year2016-12-31$163,921
Participant contributions at beginning of year2016-12-31$131,503
Participant contributions at beginning of year2016-12-31$0
Assets. Other investments not covered elsewhere at end of year2016-12-31$67,545
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$7,967
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$247,399
Administrative expenses (other) incurred2016-12-31$3,485
Total non interest bearing cash at end of year2016-12-31$2,356
Total non interest bearing cash at beginning of year2016-12-31$2,083
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$1,683,482
Value of net assets at end of year (total assets less liabilities)2016-12-31$7,015,644
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$5,332,162
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 pooled separate accounts at end of year2016-12-31$6,781,822
Value of interest in pooled separate accounts at beginning of year2016-12-31$5,190,609
Interest on participant loans2016-12-31$5,284
Interest earned on other investments2016-12-31$992
Net investment gain/loss from pooled separate accounts2016-12-31$373,366
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$903,880
Employer contributions (assets) at beginning of year2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,040,226
Contract administrator fees2016-12-31$44,205
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$-33,740
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 name2016-12-31K.B. PARRISH & CO. LLP
Accountancy firm EIN2016-12-31350905983
2015 : POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,733,613
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$326,258
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$289,799
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,834,691
Value of total assets at end of year2015-12-31$5,332,162
Value of total assets at beginning of year2015-12-31$3,924,807
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$36,459
Total interest from all sources2015-12-31$1,935
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
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
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$1,032,950
Participant contributions at end of year2015-12-31$131,503
Participant contributions at beginning of year2015-12-31$48,440
Participant contributions at end of year2015-12-31$0
Assets. Other investments not covered elsewhere at end of year2015-12-31$7,967
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$21,191
Administrative expenses (other) incurred2015-12-31$2,417
Total non interest bearing cash at end of year2015-12-31$2,083
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$1,407,355
Value of net assets at end of year (total assets less liabilities)2015-12-31$5,332,162
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$3,924,807
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
Investment advisory and management fees2015-12-31$34,042
Value of interest in pooled separate accounts at end of year2015-12-31$5,190,609
Value of interest in pooled separate accounts at beginning of year2015-12-31$3,876,367
Interest on participant loans2015-12-31$1,935
Net investment gain/loss from pooled separate accounts2015-12-31$-103,013
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$780,550
Employer contributions (assets) at end of year2015-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$289,799
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 name2015-12-31K.B. PARRISH & CO. LLP
Accountancy firm EIN2015-12-31350905983

Form 5500 Responses for POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

2022: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedYes
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: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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 – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: POLYMER TECHNOLOGY SYSTEMS, INC. 401(K) PROFIT SHARING 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 – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

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