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MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameMOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST
Plan identification number 001

MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST 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.
  • 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

MOD TECH INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:MOD TECH INDUSTRIES, INC.
Employer identification number (EIN):391467257
NAIC Classification:333200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JAMES LACY2023-03-21
0012021-01-01JAMES LACY2022-01-20
0012020-01-01JAMES LACY2021-03-01
0012019-01-01JAMES LACY2020-01-23
0012018-01-01JAMES LACY2019-01-11
0012017-01-01JAMES LACY2018-01-19
0012016-01-01JAMES LACY2017-01-16
0012015-01-01JAMES LACY2016-01-13
0012014-01-01JAMES LACY2015-01-22
0012013-01-01JAMES LACY2014-01-09
0012012-01-01JAMES LACY2013-01-29
0012011-01-01JAMES LACY2012-05-14
0012010-01-01JAMES LACY
0012009-01-01JAMES LACY JAMES LACY2010-03-04

Plan Statistics for MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST

Measure Date Value
2010: MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0135
Total number of active participants reported on line 7a of the Form 55002010-01-0121
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-014
Total of all active and inactive participants2010-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0125
Number of participants with account balances2010-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0134
Total number of active participants reported on line 7a of the Form 55002009-01-0133
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0134
Number of participants with account balances2009-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015

Financial Data on MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST

Measure Date Value
2010 : MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$127,259
Expenses. Total of all expenses incurred2010-12-31$51,924
Benefits paid (including direct rollovers)2010-12-31$43,280
Total plan assets at end of year2010-12-31$737,407
Total plan assets at beginning of year2010-12-31$662,072
Value of fidelity bond covering the plan2010-12-31$74,000
Total contributions received or receivable from participants2010-12-31$35,848
Expenses. Other expenses not covered elsewhere2010-12-31$8,644
Other income received2010-12-31$91,411
Net income (gross income less expenses)2010-12-31$75,335
Net plan assets at end of year (total assets less liabilities)2010-12-31$737,407
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$662,072
Assets. Value of participant loans2010-12-31$39,532
Total contributions received or receivable from employer(s)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST 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 MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST

2010: MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MOD TECH INDUSTRIES, INC. 401K PROFIT SHARING PLAN AND TRUST 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 - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number58572
Policy instance 1
Insurance contract or identification number58572
Number of Individuals Covered17
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $3,302
Total amount of fees paid to insurance companyUSD $1,499
Are there contracts with allocated funds for individual policies?No
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?No
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 $3,302
Insurance broker organization code?3
Amount paid for insurance broker fees1499
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker nameRETIREMENT PLAN PARTNERS, LLC

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