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PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN 401k Plan overview

Plan NamePRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN
Plan identification number 004

PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:PRAB, INC.
Employer identification number (EIN):381654849
NAIC Classification:333310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042023-01-01DAVID FISHER2024-10-02
0042022-01-01DAVID FISHER2023-09-29
0042021-01-01DAVID FISHER2022-10-05
0042020-01-01DAVID FISHER2021-10-01
0042019-01-01
0042018-01-01
0042017-01-01DAVE FISHER
0042016-01-01DAVID FISHER2017-09-28
0042015-01-01DAVID FISHER2016-07-01
0042014-01-01ROBERT KLINGE2015-07-13
0042013-01-01ROBERT KLINGE2014-07-21
0042012-01-01ROBERT KLINGE2013-05-24
0042011-01-01ROBERT KLINGE2012-07-20
0042010-01-01ROBERT KLINGE2011-06-16
0042009-01-01ROBERT KLINGE

Financial Data on PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN

Measure Date Value
2023 : PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN 2023 401k financial data
Total income from all sources (including contributions)2023-12-31$7,769,913
Total of all expenses incurred2023-12-31$2,245,078
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$2,189,305
Expenses. Certain deemed distributions of participant loans2023-12-31$25,258
Value of total corrective distributions2023-12-31$18,986
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$3,944,802
Value of total assets at end of year2023-12-31$26,357,188
Value of total assets at beginning of year2023-12-31$20,832,353
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$11,529
Total interest from all sources2023-12-31$10,108
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$998,546
Participant contributions at end of year2023-12-31$180,013
Participant contributions at beginning of year2023-12-31$171,462
Participant contributions at end of year2023-12-31$1,017
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$2,087,965
Other income not declared elsewhere2023-12-31$-9,390
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$5,524,835
Value of net assets at end of year (total assets less liabilities)2023-12-31$26,357,188
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$20,832,353
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in pooled separate accounts at end of year2023-12-31$23,821,869
Value of interest in pooled separate accounts at beginning of year2023-12-31$17,881,274
Interest on participant loans2023-12-31$10,108
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$1,639,964
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$2,454,193
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$47,212
Net investment gain/loss from pooled separate accounts2023-12-31$3,777,181
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$858,291
Employer contributions (assets) at end of year2023-12-31$714,325
Employer contributions (assets) at beginning of year2023-12-31$325,424
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$2,189,305
Contract administrator fees2023-12-31$10,779
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2023-12-31383123123
Total income from all sources (including contributions)2023-01-01$7,769,913
Total of all expenses incurred2023-01-01$2,245,078
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$2,189,305
Expenses. Certain deemed distributions of participant loans2023-01-01$25,258
Value of total corrective distributions2023-01-01$18,986
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$3,944,802
Value of total assets at end of year2023-01-01$26,357,188
Value of total assets at beginning of year2023-01-01$20,832,353
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$11,529
Total interest from all sources2023-01-01$10,108
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$500,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$998,546
Participant contributions at end of year2023-01-01$180,013
Participant contributions at beginning of year2023-01-01$171,462
Participant contributions at end of year2023-01-01$1,017
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$2,087,965
Other income not declared elsewhere2023-01-01$-9,390
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$5,524,835
Value of net assets at end of year (total assets less liabilities)2023-01-01$26,357,188
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$20,832,353
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in pooled separate accounts at end of year2023-01-01$23,821,869
Value of interest in pooled separate accounts at beginning of year2023-01-01$17,881,274
Interest on participant loans2023-01-01$10,108
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-01-01$1,639,964
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-01-01$2,454,193
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$47,212
Net investment gain/loss from pooled separate accounts2023-01-01$3,777,181
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$858,291
Employer contributions (assets) at end of year2023-01-01$714,325
Employer contributions (assets) at beginning of year2023-01-01$325,424
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$2,189,305
Contract administrator fees2023-01-01$10,779
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01PLANTE & MORAN, PLLC
Accountancy firm EIN2023-01-01383123123
2022 : PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-3,566,552
Total of all expenses incurred2022-12-31$1,879,248
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,837,739
Expenses. Certain deemed distributions of participant loans2022-12-31$6,551
Value of total corrective distributions2022-12-31$30,983
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,298,848
Value of total assets at end of year2022-12-31$20,832,353
Value of total assets at beginning of year2022-12-31$26,278,153
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$3,975
Total interest from all sources2022-12-31$9,658
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
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$814,110
Participant contributions at end of year2022-12-31$171,462
Participant contributions at beginning of year2022-12-31$239,005
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$31,928
Other income not declared elsewhere2022-12-31$-23,331
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$-5,445,800
Value of net assets at end of year (total assets less liabilities)2022-12-31$20,832,353
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$26,278,153
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
Investment advisory and management fees2022-12-31$958
Value of interest in pooled separate accounts at end of year2022-12-31$17,881,274
Value of interest in pooled separate accounts at beginning of year2022-12-31$22,538,486
Interest on participant loans2022-12-31$9,658
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$2,454,193
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$3,173,582
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$58,047
Net investment gain/loss from pooled separate accounts2022-12-31$-4,909,774
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$452,810
Employer contributions (assets) at end of year2022-12-31$325,424
Employer contributions (assets) at beginning of year2022-12-31$327,080
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,837,739
Contract administrator fees2022-12-31$3,017
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2022-12-31383123123
Total income from all sources (including contributions)2022-01-01$-3,566,552
Total of all expenses incurred2022-01-01$1,879,248
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$1,837,739
Expenses. Certain deemed distributions of participant loans2022-01-01$6,551
Value of total corrective distributions2022-01-01$30,983
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$1,298,848
Value of total assets at end of year2022-01-01$20,832,353
Value of total assets at beginning of year2022-01-01$26,278,153
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$3,975
Total interest from all sources2022-01-01$9,658
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$500,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$814,110
Participant contributions at end of year2022-01-01$171,462
Participant contributions at beginning of year2022-01-01$239,005
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$31,928
Other income not declared elsewhere2022-01-01$-23,331
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-5,445,800
Value of net assets at end of year (total assets less liabilities)2022-01-01$20,832,353
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$26,278,153
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Investment advisory and management fees2022-01-01$958
Value of interest in pooled separate accounts at end of year2022-01-01$17,881,274
Value of interest in pooled separate accounts at beginning of year2022-01-01$22,538,486
Interest on participant loans2022-01-01$9,658
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$2,454,193
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$3,173,582
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$58,047
Net investment gain/loss from pooled separate accounts2022-01-01$-4,909,774
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$452,810
Employer contributions (assets) at end of year2022-01-01$325,424
Employer contributions (assets) at beginning of year2022-01-01$327,080
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$1,837,739
Contract administrator fees2022-01-01$3,017
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01PLANTE & MORAN, PLLC
Accountancy firm EIN2022-01-01383123123
2021 : PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$5,024,444
Total of all expenses incurred2021-12-31$2,481,124
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,422,919
Expenses. Certain deemed distributions of participant loans2021-12-31$11,714
Value of total corrective distributions2021-12-31$42,326
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,414,440
Value of total assets at end of year2021-12-31$26,278,153
Value of total assets at beginning of year2021-12-31$23,734,833
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$4,165
Total interest from all sources2021-12-31$14,190
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
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$801,583
Participant contributions at end of year2021-12-31$239,005
Participant contributions at beginning of year2021-12-31$212,376
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$175,520
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$2,543,320
Value of net assets at end of year (total assets less liabilities)2021-12-31$26,278,153
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$23,734,833
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
Investment advisory and management fees2021-12-31$4,165
Value of interest in pooled separate accounts at end of year2021-12-31$22,538,486
Value of interest in pooled separate accounts at beginning of year2021-12-31$20,145,084
Interest on participant loans2021-12-31$14,190
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$3,173,582
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$3,047,741
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$67,033
Net investment gain/loss from pooled separate accounts2021-12-31$3,528,781
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$437,337
Employer contributions (assets) at end of year2021-12-31$327,080
Employer contributions (assets) at beginning of year2021-12-31$329,632
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,422,919
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 name2021-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2021-12-31383123123
2020 : PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$4,673,890
Total of all expenses incurred2020-12-31$512,159
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$468,542
Expenses. Certain deemed distributions of participant loans2020-12-31$25,083
Value of total corrective distributions2020-12-31$16,693
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,117,221
Value of total assets at end of year2020-12-31$23,734,833
Value of total assets at beginning of year2020-12-31$19,573,102
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$1,841
Total interest from all sources2020-12-31$12,716
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
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$707,959
Participant contributions at end of year2020-12-31$212,376
Participant contributions at beginning of year2020-12-31$254,601
Participant contributions at beginning of year2020-12-31$2,480
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$10,411
Other income not declared elsewhere2020-12-31$59,539
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$4,161,731
Value of net assets at end of year (total assets less liabilities)2020-12-31$23,734,833
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$19,573,102
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 pooled separate accounts at end of year2020-12-31$20,145,084
Value of interest in pooled separate accounts at beginning of year2020-12-31$17,121,560
Interest on participant loans2020-12-31$12,716
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$3,047,741
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$1,769,613
Net investment gain/loss from pooled separate accounts2020-12-31$3,484,414
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$398,851
Employer contributions (assets) at end of year2020-12-31$329,632
Employer contributions (assets) at beginning of year2020-12-31$424,848
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$468,542
Contract administrator fees2020-12-31$1,841
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 plan2020-12-31Disclaimer
Accountancy firm name2020-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2020-12-31383123123
2019 : PRAB, INC. SALARIED EMPLOYEES 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$5,174,170
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$846,207
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$843,662
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,525,797
Value of total assets at end of year2019-12-31$19,573,102
Value of total assets at beginning of year2019-12-31$15,245,139
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$2,545
Total interest from all sources2019-12-31$14,864
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
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 period2019-12-31No
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$741,147
Participant contributions at end of year2019-12-31$254,601
Participant contributions at beginning of year2019-12-31$293,711
Participant contributions at end of year2019-12-31$2,480
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$284,143
Other income not declared elsewhere2019-12-31$56,017
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$4,327,963
Value of net assets at end of year (total assets less liabilities)2019-12-31$19,573,102
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$15,245,139
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$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$12,960,171
Value of interest in pooled separate accounts at end of year2019-12-31$17,121,560
Value of interest in pooled separate accounts at beginning of year2019-12-31$0
Interest on participant loans2019-12-31$14,864
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$1,769,613
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$1,727,379
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$31,619
Net investment gain/loss from pooled separate accounts2019-12-31$3,577,492
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$500,507
Employer contributions (assets) at end of year2019-12-31$424,848
Employer contributions (assets) at beginning of year2019-12-31$263,878
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$812,043
Contract administrator fees2019-12-31$2,545
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 name2019-12-31PLANT MORAN
Accountancy firm EIN2019-12-31383123123
2018 : PRAB, INC. SALARIED EMPLOYEES 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$166,017
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$118,472
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$116,622
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,024,867
Value of total assets at end of year2018-12-31$15,245,139
Value of total assets at beginning of year2018-12-31$15,197,594
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$1,850
Total interest from all sources2018-12-31$16,306
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$668,330
Participant contributions at end of year2018-12-31$293,711
Participant contributions at beginning of year2018-12-31$320,563
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$15,780
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$28,174
Other income not declared elsewhere2018-12-31$61,809
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$47,545
Value of net assets at end of year (total assets less liabilities)2018-12-31$15,245,139
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$15,197,594
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$12,960,171
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$12,598,131
Interest on participant loans2018-12-31$16,306
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$1,727,379
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$1,946,992
Net investment gain/loss from pooled separate accounts2018-12-31$-936,965
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$328,363
Employer contributions (assets) at end of year2018-12-31$263,878
Employer contributions (assets) at beginning of year2018-12-31$316,128
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$116,622
Contract administrator fees2018-12-31$1,850
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
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
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 name2018-12-31PLANT MORAN
Accountancy firm EIN2018-12-31383123123
2017 : PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$781,476
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$3,127,138
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$210,534
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$201,958
Expenses. Certain deemed distributions of participant loans2017-12-31$6,276
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$990,303
Value of total assets at end of year2017-12-31$15,197,594
Value of total assets at beginning of year2017-12-31$11,499,514
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$2,300
Total interest from all sources2017-12-31$12,683
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$585,387
Participant contributions at end of year2017-12-31$320,563
Participant contributions at beginning of year2017-12-31$244,078
Participant contributions at end of year2017-12-31$15,780
Participant contributions at beginning of year2017-12-31$60
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$41,422
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$2,916,604
Value of net assets at end of year (total assets less liabilities)2017-12-31$15,197,594
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$11,499,514
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$12,598,131
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$9,642,693
Interest on participant loans2017-12-31$12,683
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$1,946,992
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$1,363,639
Net investment gain/loss from pooled separate accounts2017-12-31$2,124,152
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 contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$363,494
Employer contributions (assets) at end of year2017-12-31$316,128
Employer contributions (assets) at beginning of year2017-12-31$249,044
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$201,958
Contract administrator fees2017-12-31$2,300
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
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
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 name2017-12-31PLANT MORAN
Accountancy firm EIN2017-12-31383123123
2009 : PRAB, INC. SALARIED EMPLOYEES 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 PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN

2023: PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PRAB, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PRAB, INC. SALARIED EMPLOYEES 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 – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PRAB, INC. SALARIED EMPLOYEES 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 – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PRAB, INC. SALARIED EMPLOYEES 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 – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2009: PRAB, INC. SALARIED EMPLOYEES 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHN035
Policy instance 1
Insurance contract or identification numberPHN035
Number of Individuals Covered228
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $55,464
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHN035
Policy instance 1
Insurance contract or identification numberPHN035
Number of Individuals Covered179
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $56,317
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHN035
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHN035
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHN035
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHN035
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHN035
Policy instance 1

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