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MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN
Plan identification number 001

MIBA HYDRAMECHANICA CORP. 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.
  • 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

MIBA HYDRAMECHANICA CORP. has sponsored the creation of one or more 401k plans.

Company Name:MIBA HYDRAMECHANICA CORP.
Employer identification number (EIN):382626518
NAIC Classification:336990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012018-01-01
0012018-01-01
0012017-01-01DAWN BRANDON2018-07-23
0012016-01-01LARRY CASTELLUCCI2017-08-24
0012015-01-01LARRY CASTELLUCCI2016-07-28
0012014-01-01LARRY CASTELLUCCI2015-07-30
0012013-01-01JOHN HORNE2014-08-15
0012012-01-01JOHN HORNE2013-07-30 JOHN HORNE2013-07-30
0012011-01-01JOHN HORNE2012-06-05
0012010-01-01JOHN HORNE2011-07-29 MIBA HYDRAMECHANICA CORP.2011-07-29

Plan Statistics for MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01146
Total number of active participants reported on line 7a of the Form 55002022-01-01134
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-0124
Total of all active and inactive participants2022-01-01160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01160
Number of participants with account balances2022-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01135
Total number of active participants reported on line 7a of the Form 55002021-01-01112
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-0130
Total of all active and inactive participants2021-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01143
Number of participants with account balances2021-01-0191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01141
Total number of active participants reported on line 7a of the Form 55002020-01-01104
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-0122
Total of all active and inactive participants2020-01-01128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01128
Number of participants with account balances2020-01-0181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01138
Total number of active participants reported on line 7a of the Form 55002019-01-01120
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0116
Total of all active and inactive participants2019-01-01136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01136
Number of participants with account balances2019-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01135
Total number of active participants reported on line 7a of the Form 55002018-01-0196
Number of retired or separated participants receiving benefits2018-01-013
Number of other retired or separated participants entitled to future benefits2018-01-0111
Total of all active and inactive participants2018-01-01110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01110
Number of participants with account balances2018-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-58,003
Total of all expenses incurred2022-12-31$274,997
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$263,201
Expenses. Certain deemed distributions of participant loans2022-12-31$11,796
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$610,472
Value of total assets at end of year2022-12-31$3,915,540
Value of total assets at beginning of year2022-12-31$4,248,540
Total interest from all sources2022-12-31$4,013
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$340,000
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$337,467
Participant contributions at end of year2022-12-31$94,133
Participant contributions at beginning of year2022-12-31$58,517
Participant contributions at end of year2022-12-31$65
Participant contributions at beginning of year2022-12-31$26,896
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$59,771
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-333,000
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,915,540
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$4,248,540
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$3,821,299
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,146,208
Interest on participant loans2022-12-31$4,013
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-672,488
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 contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$213,234
Employer contributions (assets) at end of year2022-12-31$43
Employer contributions (assets) at beginning of year2022-12-31$16,919
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$263,201
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 name2022-12-31BENNETT THRASHER LLP
Accountancy firm EIN2022-12-31581673613
2021 : MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$919,115
Total of all expenses incurred2021-12-31$221,430
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$218,601
Expenses. Certain deemed distributions of participant loans2021-12-31$2,829
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$454,239
Value of total assets at end of year2021-12-31$4,248,540
Value of total assets at beginning of year2021-12-31$3,550,855
Total interest from all sources2021-12-31$3,916
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$340,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$299,511
Participant contributions at end of year2021-12-31$58,517
Participant contributions at beginning of year2021-12-31$63,299
Participant contributions at end of year2021-12-31$26,896
Participant contributions at beginning of year2021-12-31$6,910
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$466
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
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$697,685
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,248,540
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,550,855
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$4,146,208
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$3,476,691
Interest on participant loans2021-12-31$3,916
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$460,960
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$154,262
Employer contributions (assets) at end of year2021-12-31$16,919
Employer contributions (assets) at beginning of year2021-12-31$3,955
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$218,601
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 name2021-12-31BENNETT THRASHER LLP
Accountancy firm EIN2021-12-31581673613
2020 : MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$875,230
Total of all expenses incurred2020-12-31$157,392
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$151,684
Expenses. Certain deemed distributions of participant loans2020-12-31$885
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$415,551
Value of total assets at end of year2020-12-31$3,550,855
Value of total assets at beginning of year2020-12-31$2,833,017
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$4,823
Total interest from all sources2020-12-31$5,148
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$70,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$277,525
Participant contributions at end of year2020-12-31$63,299
Participant contributions at beginning of year2020-12-31$92,598
Participant contributions at end of year2020-12-31$6,910
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
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$717,838
Value of net assets at end of year (total assets less liabilities)2020-12-31$3,550,855
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,833,017
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
Investment advisory and management fees2020-12-31$898
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$3,476,691
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$2,678,866
Interest on participant loans2020-12-31$5,148
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$454,531
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$138,026
Employer contributions (assets) at end of year2020-12-31$3,955
Employer contributions (assets) at beginning of year2020-12-31$61,553
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$151,684
Contract administrator fees2020-12-31$3,925
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 plan2020-12-31Unqualified
Accountancy firm name2020-12-31BDO USA, LLP
Accountancy firm EIN2020-12-31135381590
2019 : MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$841,285
Total income from all sources (including contributions)2019-12-31$841,285
Total of all expenses incurred2019-12-31$352,892
Total of all expenses incurred2019-12-31$352,892
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$351,761
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$351,761
Expenses. Certain deemed distributions of participant loans2019-12-31$218
Expenses. Certain deemed distributions of participant loans2019-12-31$218
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$395,896
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$395,896
Value of total assets at end of year2019-12-31$2,833,017
Value of total assets at end of year2019-12-31$2,833,017
Value of total assets at beginning of year2019-12-31$2,344,624
Value of total assets at beginning of year2019-12-31$2,344,624
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$913
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$913
Total interest from all sources2019-12-31$4,372
Total interest from all sources2019-12-31$4,372
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
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
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$70,000
Value of fidelity bond cover2019-12-31$70,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$250,913
Contributions received from participants2019-12-31$250,913
Participant contributions at end of year2019-12-31$92,598
Participant contributions at end of year2019-12-31$92,598
Participant contributions at beginning of year2019-12-31$80,138
Participant contributions at beginning of year2019-12-31$80,138
Participant contributions at end of year2019-12-31$0
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$1,964
Participant contributions at beginning of year2019-12-31$1,964
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
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
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$488,393
Value of net income/loss2019-12-31$488,393
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,833,017
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,833,017
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,344,624
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,344,624
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
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 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
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$913
Investment advisory and management fees2019-12-31$913
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,678,866
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,678,866
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,216,935
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,216,935
Interest on participant loans2019-12-31$4,372
Interest on participant loans2019-12-31$4,372
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$441,017
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$441,017
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
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 contributions2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$144,983
Contributions received in cash from employer2019-12-31$144,983
Employer contributions (assets) at end of year2019-12-31$61,553
Employer contributions (assets) at end of year2019-12-31$61,553
Employer contributions (assets) at beginning of year2019-12-31$45,587
Employer contributions (assets) at beginning of year2019-12-31$45,587
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$351,761
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$351,761
Did the plan have assets held for investment2019-12-31Yes
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
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
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
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
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BDO USA, LLP
Accountancy firm name2019-12-31BDO USA, LLP
Accountancy firm EIN2019-12-31135381590
Accountancy firm EIN2019-12-31135381590
2018 : MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$262,456
Total of all expenses incurred2018-12-31$172,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$163,513
Expenses. Certain deemed distributions of participant loans2018-12-31$7,549
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$371,244
Value of total assets at end of year2018-12-31$2,300,190
Value of total assets at beginning of year2018-12-31$2,209,734
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$938
Total interest from all sources2018-12-31$4,907
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
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$70,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$232,122
Participant contributions at end of year2018-12-31$80,138
Participant contributions at beginning of year2018-12-31$71,853
Participant contributions at end of year2018-12-31$1,964
Participant contributions at beginning of year2018-12-31$12,915
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$17,406
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
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$90,456
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,300,190
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,209,734
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
Investment advisory and management fees2018-12-31$938
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$2,216,935
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$2,119,345
Interest on participant loans2018-12-31$4,907
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-113,695
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$121,716
Employer contributions (assets) at end of year2018-12-31$1,153
Employer contributions (assets) at beginning of year2018-12-31$5,621
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$163,513
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 name2018-12-31BDO USA, LLP
Accountancy firm EIN2018-12-31135381590

Form 5500 Responses for MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN

2022: MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MIBA HYDRAMECHANICA CORP. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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