PERBIX MACHINE CO., INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PERBIX MACHINE CO., INC. 401(K) PLAN
| Measure | Date | Value |
|---|
| 2017 : PERBIX MACHINE CO., INC. 401(K) PLAN 2017 401k financial data |
|---|
| Total income from all sources (including contributions) | 2017-12-31 | $1,083,005 |
| Total of all expenses incurred | 2017-12-31 | $3,351,899 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $3,332,299 |
| Value of total corrective distributions | 2017-12-31 | $14,146 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $670,062 |
| Value of total assets at end of year | 2017-12-31 | $0 |
| Value of total assets at beginning of year | 2017-12-31 | $2,268,894 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $5,454 |
| Total interest from all sources | 2017-12-31 | $1,735 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2017-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
| Contributions received from participants | 2017-12-31 | $423,306 |
| Participant contributions at end of year | 2017-12-31 | $0 |
| Participant contributions at beginning of year | 2017-12-31 | $39,691 |
| Participant contributions at end of year | 2017-12-31 | $0 |
| Participant contributions at beginning of year | 2017-12-31 | $12,587 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $166,948 |
| Other income not declared elsewhere | 2017-12-31 | $2,962 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Value of net income/loss | 2017-12-31 | $-2,268,894 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $2,268,894 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $2,216,616 |
| Income. Interest from loans (other than to participants) | 2017-12-31 | $1,735 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $408,246 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
| Assets. Invements in employer securities at end of year | 2017-12-31 | $0 |
| Contributions received in cash from employer | 2017-12-31 | $79,808 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $3,332,299 |
| Contract administrator fees | 2017-12-31 | $5,454 |
| Did the plan have assets held for investment | 2017-12-31 | 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 | 2017-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | Yes |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
| Accountancy firm name | 2017-12-31 | CARLSON ADVISORS, LLP |
| Accountancy firm EIN | 2017-12-31 | 411504933 |
| 2016 : PERBIX MACHINE CO., INC. 401(K) PLAN 2016 401k financial data |
|---|
| Total income from all sources (including contributions) | 2016-12-31 | $462,640 |
| Total of all expenses incurred | 2016-12-31 | $123,727 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $119,686 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $321,588 |
| Value of total assets at end of year | 2016-12-31 | $2,268,894 |
| Value of total assets at beginning of year | 2016-12-31 | $1,929,981 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $4,041 |
| Total interest from all sources | 2016-12-31 | $2,122 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
| Contributions received from participants | 2016-12-31 | $301,798 |
| Participant contributions at end of year | 2016-12-31 | $39,691 |
| Participant contributions at beginning of year | 2016-12-31 | $42,342 |
| Participant contributions at end of year | 2016-12-31 | $12,587 |
| Participant contributions at beginning of year | 2016-12-31 | $10,883 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $19,790 |
| Other income not declared elsewhere | 2016-12-31 | $2,817 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Value of net income/loss | 2016-12-31 | $338,913 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $2,268,894 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $1,929,981 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $2,216,616 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $1,876,756 |
| Interest on participant loans | 2016-12-31 | $2,122 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $136,113 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $119,686 |
| Contract administrator fees | 2016-12-31 | $4,041 |
| Did the plan have assets held for investment | 2016-12-31 | 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 | 2016-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
| Accountancy firm name | 2016-12-31 | CARLSON ADVISORS, LLP |
| Accountancy firm EIN | 2016-12-31 | 411504933 |
