401k Plan data: PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN plan

PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN 401k Plan overview

Plan Name	PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN
Plan identification number	502

PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN Benefits

401k Plan Type	Welfare Benefit
Plan Features/Benefits	Life insurance Dental Vision Temporary disability (accident and sickness) Long-term disability cover

401k Sponsoring company profile

PRECISION MEDICAL TECHNOLOGIES, INC has sponsored the creation of one or more 401k plans.

Company Name: PRECISION MEDICAL TECHNOLOGIES, INC

Employer identification number (EIN): 351902827

NAIC Classification: 339110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
502 2022-01-01 MICHAEL CONRAD 2023-07-31 MICHAEL CONRAD 2023-07-31
502 2020-01-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
502	2022-01-01	MICHAEL CONRAD	2023-07-31	MICHAEL CONRAD	2023-07-31
502	2020-01-01

Plan Statistics for PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN

401k plan membership statisitcs for PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN

Measure Date Value
2022: PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 152
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 148
Total of all active and inactive participants 2022-01-01 148
Total participants 2022-01-01 148
2020: PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 322
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 322
Total of all active and inactive participants 2020-01-01 322
Total participants 2020-01-01 322

Measure	Date	Value
2022: PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	152
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	148
Total of all active and inactive participants	2022-01-01	148
Total participants	2022-01-01	148
2020: PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	322
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	322
Total of all active and inactive participants	2020-01-01	322
Total participants	2020-01-01	322

Form 5500 Responses for PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN

2022: PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – General assets of the sponsor	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement – General assets of the sponsor	Yes
2020: PRECISION MEDICAL TECHNOLOGIES INC EMPLOYEE BENEFIT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	First time form 5500 has been submitted	Yes
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – General assets of the sponsor	Yes
2020-01-01	Plan benefit arrangement – General assets of the sponsor	Yes

Insurance Providers Used on plan

GERBER LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70939 )

Policy contract number

GL0155

Policy instance

Insurance contract or identification number	GL0155
Number of Individuals Covered	305
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $33,940
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	No
Health Insurance Welfare Benefit	Yes
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Welfare Benefit Premiums Paid to Carrier	USD $535,416
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $19,065
Insurance broker organization code?	3

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

1073043

Policy instance

Insurance contract or identification number	1073043
Number of Individuals Covered	322
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-23
Total amount of commissions paid to insurance broker	USD $25,793
Total amount of fees paid to insurance company	USD $6,238
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	Yes
Vision Insurance Welfare Benefit	Yes
Life Insurance Welfare Benefit	Yes
Temporary Disability Insurance Welfare Benefit	Yes
Long Term Disability Insurance Welfare Benefit	Yes
Unemployment Insurance Welfare Benefit	No
Other welfare benefits provided	CRITICAL ILLNESS AND ACCIDENT
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Welfare Benefit Premiums Paid to Carrier	USD $253,263
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $25,793
Amount paid for insurance broker fees	628
Additional information about fees paid to insurance broker	BONUS
Insurance broker organization code?	3

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Company Name:	PRECISION MEDICAL TECHNOLOGIES, INC
Employer identification number (EIN):	351902827
NAIC Classification:	339110