401k Plan data: DEMCO PRODUCTS, INC. PROFIT SHARING PLAN plan

DEMCO PRODUCTS, INC. PROFIT SHARING PLAN 401k Plan overview

Plan Name	DEMCO PRODUCTS, INC. PROFIT SHARING PLAN
Plan identification number	001

DEMCO PRODUCTS, INC. PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

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

Company Name: DEMCO PRODUCTS, INC.

Employer identification number (EIN): 363096809

NAIC Classification: 332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DEMCO PRODUCTS, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-10-01 ROBERT DEMPSTER 2024-12-17
001 2022-10-01 ROBERT DEMPSTER 2024-07-08
001 2021-10-01
001 2020-10-01
001 2019-10-01
001 2018-10-01
001 2017-10-01
001 2016-10-01
001 2015-10-01 KATIE OBREMSKI 2017-02-16
001 2014-10-01 KATIE OBREMSKI 2016-01-13
001 2013-10-01 NICK SUTHEIMER 2015-01-22
001 2012-10-01 NICK SUTHEIMER 2014-03-18
001 2011-10-01 RACHEL BOSWORTH 2013-01-28
001 2010-10-01 NICK SUTHEIMER 2012-04-12
001 2008-10-01 WILLIAM DEMPSTER WILLIAM DEMPSTER 2010-05-14

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-10-01	ROBERT DEMPSTER	2024-12-17
001	2022-10-01	ROBERT DEMPSTER	2024-07-08
001	2021-10-01
001	2020-10-01
001	2019-10-01
001	2018-10-01
001	2017-10-01
001	2016-10-01
001	2015-10-01	KATIE OBREMSKI	2017-02-16
001	2014-10-01	KATIE OBREMSKI	2016-01-13
001	2013-10-01	NICK SUTHEIMER	2015-01-22
001	2012-10-01	NICK SUTHEIMER	2014-03-18
001	2011-10-01	RACHEL BOSWORTH	2013-01-28
001	2010-10-01	NICK SUTHEIMER	2012-04-12
001	2008-10-01	WILLIAM DEMPSTER		WILLIAM DEMPSTER	2010-05-14

Financial Data on DEMCO PRODUCTS, INC. PROFIT SHARING PLAN

Measure	Date	Value
2024 : DEMCO PRODUCTS, INC. PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year	2024-12-17	0
Total liabilities as of the end of the plan year	2024-12-17	0
Total liabilities as of the beginning of the plan year	2024-12-17	0
Total expenses incurred by plan in this plan year	2024-12-17	614844
Net assets as of the end of the plan year	2024-12-17	1432189
Total assets as of the beginning of the plan year	2024-12-17	1618814
Value of plan covered by a fidelity bond	2024-12-17	200000
Participant contributions to plan in this plan year	2024-12-17	74265
Value of participant loans at end of plan year	2024-12-17	14499
Other expenses paid from plan in this plan year	2024-12-17	0
Other contributions to plan in this plan year	2024-12-17	0
Other income to plan in this plan year	2024-12-17	286917
Plan net income in this plan year	2024-12-17	-186625
Net assets as of the end of the plan year	2024-12-17	1432189
Net assets as of the beginning of the plan year	2024-12-17	1618814
Employer contributions to plan in this plan year	2024-12-17	67037
Expensese paid to adminstrative service provicers from plan in this plan year	2024-12-17	2228

Form 5500 Responses for DEMCO PRODUCTS, INC. PROFIT SHARING PLAN

2008: DEMCO PRODUCTS, INC. PROFIT SHARING PLAN 2008 form 5500 responses
2008-10-01	Type of plan entity	Single employer plan
2008-10-01	Submission has been amended	No
2008-10-01	This submission is the final filing	No
2008-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2008-10-01	Plan is a collectively bargained plan	No
2008-10-01	Plan funding arrangement – Insurance	Yes
2008-10-01	Plan funding arrangement – Trust	Yes
2008-10-01	Plan benefit arrangement – Insurance	Yes
2008-10-01	Plan benefit arrangement - Trust	Yes

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

Company Name:	DEMCO PRODUCTS, INC.
Employer identification number (EIN):	363096809
NAIC Classification:	332700