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PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NamePLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN
Plan identification number 001

PLASTOMER CORPORATION 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.
  • 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.
  • Life insurance

401k Sponsoring company profile

PLASTOMER CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:PLASTOMER CORPORATION
Employer identification number (EIN):381565686
NAIC Classification:326100

Additional information about PLASTOMER CORPORATION

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: 171979

More information about PLASTOMER CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01WALTER BAUGHMAN2023-10-09
0012021-01-01WALTER BAUGHMAN2022-10-07
0012020-01-01WALTER BAUGHMAN2021-10-11
0012019-01-01WALTER BAUGHMAN2020-10-12
0012018-01-01ROGER BAUGHMAN2019-09-03 WALTER BAUGHMAN2019-09-03
0012018-01-01ROGER BAUGHMAN2019-08-23 WALTER BAUGHMAN2019-08-23
0012017-01-01ROGER BAUGHMAN2018-10-01 BILL BAUGHMAN2018-10-01
0012016-01-01ROGER BAUGHMAN BILL BAUGHMAN2017-07-28
0012015-01-01DONALD A. SHOW, JR. BILL BAUGHMAN2016-06-29
0012014-01-01DONALD A. SHOW JR. BILL BAUGHMAN2015-10-07
0012013-01-01BILL BAUGHMAN DON SHOW2014-06-23
0012012-01-01DONALD A. SHOW, JR.2013-05-21 DONALD A. SHOW, JR2013-05-21
0012011-01-01DONALD A. SHOW2012-06-27 BILL BAUGHMAN2012-06-27
0012009-01-01DONALD SHOW

Plan Statistics for PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2016: PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0169
Total number of active participants reported on line 7a of the Form 55002016-01-0167
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-012
Total of all active and inactive participants2016-01-0170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0170
Number of participants with account balances2016-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0166
Total number of active participants reported on line 7a of the Form 55002015-01-0163
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-015
Total of all active and inactive participants2015-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0168
Number of participants with account balances2015-01-0165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011
2014: PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0163
Total number of active participants reported on line 7a of the Form 55002014-01-0160
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-013
Total of all active and inactive participants2014-01-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0164
Number of participants with account balances2014-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0164
Total number of active participants reported on line 7a of the Form 55002013-01-0158
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-014
Total of all active and inactive participants2013-01-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0163
Number of participants with account balances2013-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2009: PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0175
Total number of active participants reported on line 7a of the Form 55002009-01-0164
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-014
Total of all active and inactive participants2009-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-0169
Number of participants with account balances2009-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2016 : PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$1,034,571
Expenses. Total of all expenses incurred2016-12-31$182,966
Benefits paid (including direct rollovers)2016-12-31$163,188
Total plan assets at end of year2016-12-31$8,359,941
Total plan assets at beginning of year2016-12-31$7,508,336
Value of fidelity bond covering the plan2016-12-31$10,000,000
Total contributions received or receivable from participants2016-12-31$226,931
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$581,916
Net income (gross income less expenses)2016-12-31$851,605
Net plan assets at end of year (total assets less liabilities)2016-12-31$8,359,941
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$7,508,336
Assets. Value of participant loans2016-12-31$53,642
Total contributions received or receivable from employer(s)2016-12-31$225,724
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$19,778
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$416,940
Expenses. Total of all expenses incurred2015-12-31$975,999
Benefits paid (including direct rollovers)2015-12-31$955,035
Total plan assets at end of year2015-12-31$7,508,336
Total plan assets at beginning of year2015-12-31$8,067,395
Total contributions received or receivable from participants2015-12-31$201,934
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$18,037
Net income (gross income less expenses)2015-12-31$-559,059
Net plan assets at end of year (total assets less liabilities)2015-12-31$7,508,336
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$8,067,395
Assets. Value of participant loans2015-12-31$65,593
Total contributions received or receivable from employer(s)2015-12-31$196,969
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$20,964
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$811,929
Expenses. Total of all expenses incurred2014-12-31$750,938
Benefits paid (including direct rollovers)2014-12-31$729,570
Total plan assets at end of year2014-12-31$8,067,395
Total plan assets at beginning of year2014-12-31$8,006,404
Total contributions received or receivable from participants2014-12-31$160,466
Expenses. Other expenses not covered elsewhere2014-12-31$15
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$452,268
Net income (gross income less expenses)2014-12-31$60,991
Net plan assets at end of year (total assets less liabilities)2014-12-31$8,067,395
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$8,006,404
Assets. Value of participant loans2014-12-31$76,864
Total contributions received or receivable from employer(s)2014-12-31$199,195
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$21,353
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$1,435,254
Expenses. Total of all expenses incurred2013-12-31$433,228
Benefits paid (including direct rollovers)2013-12-31$414,133
Total plan assets at end of year2013-12-31$8,006,404
Total plan assets at beginning of year2013-12-31$7,004,378
Value of fidelity bond covering the plan2013-12-31$10,000,000
Total contributions received or receivable from participants2013-12-31$149,602
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$1,100
Other income received2013-12-31$1,115,173
Net income (gross income less expenses)2013-12-31$1,002,026
Net plan assets at end of year (total assets less liabilities)2013-12-31$8,006,404
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$7,004,378
Assets. Value of participant loans2013-12-31$81,284
Total contributions received or receivable from employer(s)2013-12-31$169,379
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$19,095
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2010 : PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$940,342
Expenses. Total of all expenses incurred2010-12-31$156,432
Benefits paid (including direct rollovers)2010-12-31$133,883
Total plan assets at end of year2010-12-31$7,776,963
Total plan assets at beginning of year2010-12-31$6,993,053
Total contributions received or receivable from participants2010-12-31$100,257
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$5,857
Other income received2010-12-31$758,639
Net income (gross income less expenses)2010-12-31$783,910
Net plan assets at end of year (total assets less liabilities)2010-12-31$7,776,963
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$6,993,053
Assets. Value of participant loans2010-12-31$177,741
Total contributions received or receivable from employer(s)2010-12-31$75,589
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$3,935
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$18,614
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN

2016: PLASTOMER CORPORATION 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 – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PLASTOMER CORPORATION 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 – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2009: PLASTOMER CORPORATION 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66680 )
Policy contract number0317600
Policy instance 1
Insurance contract or identification number0317600
Number of Individuals Covered21
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $850
Total amount of fees paid to insurance companyUSD $176
Are there contracts with allocated funds for individual policies?Yes
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 $742
Amount paid for insurance broker fees154
Additional information about fees paid to insurance brokerNON-MONETARY COMPENSATION
Insurance broker organization code?3
Insurance broker nameHARVEY NORMAN JASLOVE

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