401k Plan data: ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST plan

ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST 401k Plan overview

Plan Name	ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST
Plan identification number	001

ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST Benefits

401k Plan Type

Defined 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.
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

ABRASIVE DIAMOND TOOL COMPANY has sponsored the creation of one or more 401k plans.

Company Name: ABRASIVE DIAMOND TOOL COMPANY

Employer identification number (EIN): 381268605

NAIC Classification: 332810

Additional information about ABRASIVE DIAMOND TOOL COMPANY

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs

Incorporation Date:

Company Identification Number: 103174

More information about ABRASIVE DIAMOND TOOL COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01 KAREN PLAZA 2016-04-18 ABRASIVE DIAMOND TOOL COMPANY 2016-04-18
001 2014-01-01 KAREN PLAZA 2015-06-02 ABRASIVE DIAMOND TOOL COMPANY 2015-06-02
001 2013-01-01 KAREN PLAZA 2014-07-17
001 2012-01-01 THOMAS M. LUCAS OR KAREN PLAZA 2013-07-11
001 2011-01-01 THOMAS M. LUCAS 2012-07-27
001 2010-01-01 THOMAS M. LUCAS 2011-10-05
001 2009-01-01 THOMAS M. LUCAS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01	KAREN PLAZA	2016-04-18	ABRASIVE DIAMOND TOOL COMPANY	2016-04-18
001	2014-01-01	KAREN PLAZA	2015-06-02	ABRASIVE DIAMOND TOOL COMPANY	2015-06-02
001	2013-01-01	KAREN PLAZA	2014-07-17
001	2012-01-01	THOMAS M. LUCAS OR KAREN PLAZA	2013-07-11
001	2011-01-01	THOMAS M. LUCAS	2012-07-27
001	2010-01-01	THOMAS M. LUCAS	2011-10-05
001	2009-01-01	THOMAS M. LUCAS

Plan Statistics for ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST

401k plan membership statisitcs for ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST

Measure Date Value
2024: ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year 2024-07-11 8
Total number of particpants at end of year 2024-07-11 7
Number of Participants With Account Balances 2024-07-11 4
2009: ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 15
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 3
Total of all active and inactive participants 2009-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 18
Number of participants with account balances 2009-01-01 16
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2024: ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year	2024-07-11	8
Total number of particpants at end of year	2024-07-11	7
Number of Participants With Account Balances	2024-07-11	4
2009: ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	15
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	3
Total of all active and inactive participants	2009-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	18
Number of participants with account balances	2009-01-01	16
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST

Measure	Date	Value
2024 : ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year	2024-07-11	0
Total liabilities as of the end of the plan year	2024-07-11	0
Total liabilities as of the beginning of the plan year	2024-07-11	0
Total expenses incurred by plan in this plan year	2024-07-11	5134
Net assets as of the end of the plan year	2024-07-11	377348
Total assets as of the beginning of the plan year	2024-07-11	324843
Value of plan covered by a fidelity bond	2024-07-11	1000000
Participant contributions to plan in this plan year	2024-07-11	409
Value of participant loans at end of plan year	2024-07-11	3938
Other expenses paid from plan in this plan year	2024-07-11	5134
Other contributions to plan in this plan year	2024-07-11	0
Other income to plan in this plan year	2024-07-11	57230
Plan net income in this plan year	2024-07-11	52505
Net assets as of the end of the plan year	2024-07-11	377348
Net assets as of the beginning of the plan year	2024-07-11	324843
Employer contributions to plan in this plan year	2024-07-11	0
Expensese paid to adminstrative service provicers from plan in this plan year	2024-07-11	0

Form 5500 Responses for ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST

2009: ABRASIVE DIAMOND TOOL COMPANY 401K PLAN & TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	ABRASIVE DIAMOND TOOL COMPANY
Employer identification number (EIN):	381268605
NAIC Classification:	332810

Jurisdiction of Incorporation:	Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number:	103174