401k Plan data: MEGTEC SYSTEMS, INC. PENSION PLAN plan

MEGTEC SYSTEMS, INC. PENSION PLAN 401k Plan overview

Plan Name	MEGTEC SYSTEMS, INC. PENSION PLAN
Plan identification number	002

MEGTEC SYSTEMS, INC. PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily flat dollar (includes dollars per year of service)
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: MEGTEC SYSTEMS, INC.

Employer identification number (EIN): 391900032

NAIC Classification: 333200

Additional information about MEGTEC SYSTEMS, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 2770137

More information about MEGTEC SYSTEMS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEGTEC SYSTEMS, INC. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2020-01-01
002 2019-01-01
002 2019-01-01
002 2018-10-22
002 2012-01-01 ELIZABETH LEHMAN
002 2011-01-01 ELIZABETH LEHMAN
002 2010-01-01 ELIZABETH LEHMAN
002 2009-01-01 LIZ LEHMAN LIZ LEHMAN 2010-09-29

Plan Statistics for MEGTEC SYSTEMS, INC. PENSION PLAN

401k plan membership statisitcs for MEGTEC SYSTEMS, INC. PENSION PLAN

Measure Date Value
2020: MEGTEC SYSTEMS, INC. PENSION PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 221
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 0
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 0
Number of participants with account balances 2020-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: MEGTEC SYSTEMS, INC. PENSION PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 230
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 199
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 22
Total of all active and inactive participants 2019-01-01 221
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 221
Number of participants with account balances 2019-01-01 219
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 2
2018: MEGTEC SYSTEMS, INC. PENSION PLAN 2018 401k membership
Total participants, beginning-of-year 2018-10-22 0
Total number of active participants reported on line 7a of the Form 5500 2018-10-22 211
Number of retired or separated participants receiving benefits 2018-10-22 0
Number of other retired or separated participants entitled to future benefits 2018-10-22 19
Total of all active and inactive participants 2018-10-22 230
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-10-22 0
Total participants 2018-10-22 230
Number of participants with account balances 2018-10-22 228
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-10-22 0
2012: MEGTEC SYSTEMS, INC. PENSION PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 104
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 0
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: MEGTEC SYSTEMS, INC. PENSION PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 103
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 98
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 5
Total of all active and inactive participants 2011-01-01 103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 1
Total participants 2011-01-01 104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: MEGTEC SYSTEMS, INC. PENSION PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 130
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 93
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 10
Total of all active and inactive participants 2010-01-01 103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: MEGTEC SYSTEMS, INC. PENSION PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 133
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 91
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 39
Total of all active and inactive participants 2009-01-01 130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 130

Measure	Date	Value
2020: MEGTEC SYSTEMS, INC. PENSION PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	221
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	0
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	0
Number of participants with account balances	2020-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: MEGTEC SYSTEMS, INC. PENSION PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	230
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	199
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	22
Total of all active and inactive participants	2019-01-01	221
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	221
Number of participants with account balances	2019-01-01	219
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	2
2018: MEGTEC SYSTEMS, INC. PENSION PLAN 2018 401k membership
Total participants, beginning-of-year	2018-10-22	0
Total number of active participants reported on line 7a of the Form 5500	2018-10-22	211
Number of retired or separated participants receiving benefits	2018-10-22	0
Number of other retired or separated participants entitled to future benefits	2018-10-22	19
Total of all active and inactive participants	2018-10-22	230
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-10-22	0
Total participants	2018-10-22	230
Number of participants with account balances	2018-10-22	228
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-10-22	0
2012: MEGTEC SYSTEMS, INC. PENSION PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	104
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	0
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: MEGTEC SYSTEMS, INC. PENSION PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	103
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	98
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	5
Total of all active and inactive participants	2011-01-01	103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	1
Total participants	2011-01-01	104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: MEGTEC SYSTEMS, INC. PENSION PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	130
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	93
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	10
Total of all active and inactive participants	2010-01-01	103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: MEGTEC SYSTEMS, INC. PENSION PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	133
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	91
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	39
Total of all active and inactive participants	2009-01-01	130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	130

Financial Data on MEGTEC SYSTEMS, INC. PENSION PLAN

Measure	Date	Value
2020 : MEGTEC SYSTEMS, INC. PENSION PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-03-31	$0
Total transfer of assets from this plan	2020-03-31	$40,031,583
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-03-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-03-31	$0
Total income from all sources (including contributions)	2020-03-31	$-7,060,201
Total loss/gain on sale of assets	2020-03-31	$0
Total of all expenses incurred	2020-03-31	$143,145
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-03-31	$133,577
Value of total corrective distributions	2020-03-31	$1,300
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-03-31	$5,560
Value of total assets at end of year	2020-03-31	$0
Value of total assets at beginning of year	2020-03-31	$47,234,929
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-03-31	$8,268
Total interest from all sources	2020-03-31	$2,822
Total dividends received (eg from common stock, registered investment company shares)	2020-03-31	$102,382
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-03-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2020-03-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2020-03-31	$102,382
Was this plan covered by a fidelity bond	2020-03-31	Yes
Value of fidelity bond cover	2020-03-31	$15,000,000
If this is an individual account plan, was there a blackout period	2020-03-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-03-31	No
Participant contributions at end of year	2020-03-31	$0
Participant contributions at beginning of year	2020-03-31	$240,933
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2020-03-31	$617
Administrative expenses (other) incurred	2020-03-31	$8,268
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-03-31	No
Value of net income/loss	2020-03-31	$-7,203,346
Value of net assets at end of year (total assets less liabilities)	2020-03-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2020-03-31	$47,234,929
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-03-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-03-31	No
Were any leases to which the plan was party in default or uncollectible	2020-03-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-03-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-03-31	$43,519,766
Interest on participant loans	2020-03-31	$2,822
Value of interest in common/collective trusts at end of year	2020-03-31	$0
Value of interest in common/collective trusts at beginning of year	2020-03-31	$3,474,230
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-03-31	$-7,191,756
Net investment gain or loss from common/collective trusts	2020-03-31	$20,791
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-03-31	No
Was there a failure to transmit to the plan any participant contributions	2020-03-31	No
Has the plan failed to provide any benefit when due under the plan	2020-03-31	No
Contributions received in cash from employer	2020-03-31	$5,560
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-03-31	$132,960
Did the plan have assets held for investment	2020-03-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-03-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-03-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2020-03-31	Yes
Opinion of an independent qualified public accountant for this plan	2020-03-31	Disclaimer
Accountancy firm name	2020-03-31	PLANTE MORAN, PLLC
Accountancy firm EIN	2020-03-31	381357951
2019 : MEGTEC SYSTEMS, INC. PENSION PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at 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 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	$10,812,094
Total income from all sources (including contributions)	2019-12-31	$10,812,094
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$3,153,457
Total of all expenses incurred	2019-12-31	$3,153,457
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$3,130,692
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$3,130,692
Value of total corrective distributions	2019-12-31	$778
Value of total corrective distributions	2019-12-31	$778
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$2,724,416
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$2,724,416
Value of total assets at end of year	2019-12-31	$47,234,929
Value of total assets at end of year	2019-12-31	$47,234,929
Value of total assets at beginning of year	2019-12-31	$39,576,292
Value of total assets at beginning of year	2019-12-31	$39,576,292
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$21,987
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$21,987
Total interest from all sources	2019-12-31	$15,992
Total interest from all sources	2019-12-31	$15,992
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$1,070,303
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$1,070,303
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$1,070,303
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$1,070,303
Was this plan covered by a fidelity bond	2019-12-31	Yes
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$15,000,000
Value of fidelity bond cover	2019-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$1,992,125
Contributions received from participants	2019-12-31	$1,992,125
Participant contributions at end of year	2019-12-31	$240,933
Participant contributions at end of year	2019-12-31	$240,933
Participant contributions at beginning of year	2019-12-31	$325,394
Participant contributions at beginning of year	2019-12-31	$325,394
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$70,045
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$70,045
Other income not declared elsewhere	2019-12-31	$-146,145
Other income not declared elsewhere	2019-12-31	$-146,145
Administrative expenses (other) incurred	2019-12-31	$21,987
Administrative expenses (other) incurred	2019-12-31	$21,987
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$7,658,637
Value of net income/loss	2019-12-31	$7,658,637
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$47,234,929
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$47,234,929
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$39,576,292
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$39,576,292
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$43,519,766
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$43,519,766
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$36,178,557
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$36,178,557
Interest on participant loans	2019-12-31	$15,992
Interest on participant loans	2019-12-31	$15,992
Value of interest in common/collective trusts at end of year	2019-12-31	$3,474,230
Value of interest in common/collective trusts at end of year	2019-12-31	$3,474,230
Value of interest in common/collective trusts at beginning of year	2019-12-31	$3,072,341
Value of interest in common/collective trusts at beginning of year	2019-12-31	$3,072,341
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$7,065,850
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$7,065,850
Net investment gain or loss from common/collective trusts	2019-12-31	$81,678
Net investment gain or loss from common/collective trusts	2019-12-31	$81,678
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$662,246
Contributions received in cash from employer	2019-12-31	$662,246
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$3,130,692
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$3,130,692
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	AUDITOR NOT YET ENGAGED
Accountancy firm name	2019-12-31	AUDITOR NOT YET ENGAGED
Accountancy firm EIN	2019-12-31	220000000
Accountancy firm EIN	2019-12-31	220000000
2018 : MEGTEC SYSTEMS, INC. PENSION PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total transfer of assets to this plan	2018-12-31	$41,085,869
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	$-1,473,557
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$36,020
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$30,969
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$444,185
Value of total assets at end of year	2018-12-31	$39,576,292
Value of total assets at beginning of year	2018-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$5,051
Total interest from all sources	2018-12-31	$2,807
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$663,959
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$663,959
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$330,780
Participant contributions at end of year	2018-12-31	$325,394
Participant contributions at beginning of year	2018-12-31	$0
Administrative expenses (other) incurred	2018-12-31	$5,051
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-1,509,577
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$39,576,292
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$36,178,557
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$0
Interest on participant loans	2018-12-31	$2,807
Value of interest in common/collective trusts at end of year	2018-12-31	$3,072,341
Value of interest in common/collective trusts at beginning of year	2018-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-2,593,093
Net investment gain or loss from common/collective trusts	2018-12-31	$8,585
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$113,405
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$30,969
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2018-12-31	Yes
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
2012 : MEGTEC SYSTEMS, INC. PENSION PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-10-03	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-10-03	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-10-03	$0
Total income from all sources (including contributions)	2012-10-03	$58
Total loss/gain on sale of assets	2012-10-03	$0
Total of all expenses incurred	2012-10-03	$1,296,689
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-10-03	$1,292,405
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-10-03	$0
Value of total assets at end of year	2012-10-03	$0
Value of total assets at beginning of year	2012-10-03	$1,296,631
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-10-03	$4,284
Total interest from all sources	2012-10-03	$58
Total dividends received (eg from common stock, registered investment company shares)	2012-10-03	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-10-03	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2012-10-03	$0
Administrative expenses professional fees incurred	2012-10-03	$4,284
Was this plan covered by a fidelity bond	2012-10-03	Yes
Value of fidelity bond cover	2012-10-03	$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-10-03	$0
Were there any nonexempt tranactions with any party-in-interest	2012-10-03	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-10-03	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-10-03	$10
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-10-03	No
Value of net income/loss	2012-10-03	$-1,296,631
Value of net assets at end of year (total assets less liabilities)	2012-10-03	$0
Value of net assets at beginning of year (total assets less liabilities)	2012-10-03	$1,296,631
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-10-03	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-10-03	No
Were any leases to which the plan was party in default or uncollectible	2012-10-03	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-10-03	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-10-03	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-10-03	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-10-03	$802,011
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-10-03	$802,011
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-10-03	$58
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-10-03	Yes
Was there a failure to transmit to the plan any participant contributions	2012-10-03	No
Has the plan failed to provide any benefit when due under the plan	2012-10-03	No
Employer contributions (assets) at end of year	2012-10-03	$0
Employer contributions (assets) at beginning of year	2012-10-03	$494,610
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-10-03	$1,292,405
Did the plan have assets held for investment	2012-10-03	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-10-03	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-10-03	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-10-03	Yes
Opinion of an independent qualified public accountant for this plan	2012-10-03	Disclaimer
Accountancy firm name	2012-10-03	SCHENCK SC
Accountancy firm EIN	2012-10-03	391173131
2011 : MEGTEC SYSTEMS, INC. PENSION PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$710,043
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$44,805
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$37,932
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$696,342
Value of total assets at end of year	2011-12-31	$1,296,631
Value of total assets at beginning of year	2011-12-31	$631,393
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$6,873
Total interest from all sources	2011-12-31	$25
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$4,067
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2011-12-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$4,067
Administrative expenses professional fees incurred	2011-12-31	$3,268
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-12-31	$10
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-12-31	$415
Administrative expenses (other) incurred	2011-12-31	$3,605
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$665,238
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$1,296,631
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$631,393
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$277,664
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$802,011
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$12,620
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$12,620
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$25
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$9,609
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$696,342
Employer contributions (assets) at end of year	2011-12-31	$494,610
Employer contributions (assets) at beginning of year	2011-12-31	$340,694
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$37,932
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	SCHENCK SC
Accountancy firm EIN	2011-12-31	391173131
2010 : MEGTEC SYSTEMS, INC. PENSION PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total transfer of assets from this plan	2010-12-31	$4,550
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$349,767
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$27,766
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$27,048
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$340,694
Value of total assets at end of year	2010-12-31	$631,393
Value of total assets at beginning of year	2010-12-31	$313,942
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$718
Total interest from all sources	2010-12-31	$17
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$1,697
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$1,697
Administrative expenses professional fees incurred	2010-12-31	$718
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2010-12-31	$415
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$322,001
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$631,393
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$313,942
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$277,664
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$12,620
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$527
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$527
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$17
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$7,359
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$340,694
Employer contributions (assets) at end of year	2010-12-31	$340,694
Employer contributions (assets) at beginning of year	2010-12-31	$313,415
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$27,048
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	SCHENCK SC
Accountancy firm EIN	2010-12-31	391173131
2009 : MEGTEC SYSTEMS, INC. PENSION PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for MEGTEC SYSTEMS, INC. PENSION PLAN

2020: MEGTEC SYSTEMS, INC. PENSION PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	Yes
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: MEGTEC SYSTEMS, INC. PENSION PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: MEGTEC SYSTEMS, INC. PENSION PLAN 2018 form 5500 responses
2018-10-22	Type of plan entity	Single employer plan
2018-10-22	First time form 5500 has been submitted	Yes
2018-10-22	Submission has been amended	No
2018-10-22	This submission is the final filing	No
2018-10-22	This return/report is a short plan year return/report (less than 12 months)	Yes
2018-10-22	Plan is a collectively bargained plan	No
2018-10-22	Plan funding arrangement – Trust	Yes
2018-10-22	Plan benefit arrangement - Trust	Yes
2012: MEGTEC SYSTEMS, INC. PENSION PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	Yes
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2012-01-01	Plan is a collectively bargained plan	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: MEGTEC SYSTEMS, INC. PENSION PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: MEGTEC SYSTEMS, INC. PENSION PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: MEGTEC SYSTEMS, INC. PENSION PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	First time form 5500 has been submitted	Yes
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	MEGTEC SYSTEMS, INC.
Employer identification number (EIN):	391900032
NAIC Classification:	333200

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	2770137