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SMITHCO RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameSMITHCO RETIREMENT SAVINGS PLAN
Plan identification number 001

SMITHCO RETIREMENT SAVINGS 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

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

Company Name:SMITHCO MFG., INC.
Employer identification number (EIN):421422315
NAIC Classification:336210

Additional information about SMITHCO MFG., INC.

Jurisdiction of Incorporation: Iowa Secretary of State Business Entities
Incorporation Date: 1994-05-18
Company Identification Number: 175808
Legal Registered Office Address: 30902 C38

LEMARS
United States of America (USA)
51031

More information about SMITHCO MFG., INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SMITHCO RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SCOTT LOVELL2024-08-30
0012022-01-01
0012022-01-01SCOTT LOVELL
0012021-01-01
0012021-01-01SCOTT LOVELL
0012020-01-01SCOTT LOVELL2021-04-08 SCOTT LOVELL2021-04-08
0012019-01-01SCOTT LOVELL2020-06-30
0012018-01-01SCOTT LOVELL2019-06-10
0012017-01-01SCOTT LOVELL2018-05-31
0012016-01-01SCOTT LOVELL2017-05-22
0012015-01-01SCOTT LOVELL2016-05-23
0012014-01-01SCOTT LOVELL2015-06-16
0012013-01-01SCOTT LOVELL2014-06-10
0012012-01-01SCOTT LOVELL2013-06-10
0012011-01-01SCOTT LOVELL2012-05-29 SCOTT LOVELL2012-05-29
0012010-01-01SCOTT LOVELL2011-06-27 SCOTT LOVELL2011-06-27

Financial Data on SMITHCO RETIREMENT SAVINGS PLAN

Measure Date Value
2025 : SMITHCO RETIREMENT SAVINGS PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-08-0481360
Net assets as of the end of the plan year2025-08-043686396
Total assets as of the beginning of the plan year2025-08-042846667
Value of plan covered by a fidelity bond2025-08-04369000
Participant contributions to plan in this plan year2025-08-04330634
Other income to plan in this plan year2025-08-04474245
Plan net income in this plan year2025-08-04839729
Net assets as of the end of the plan year2025-08-043686396
Net assets as of the beginning of the plan year2025-08-042846667
Employer contributions to plan in this plan year2025-08-04116210
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-042360
2024 : SMITHCO RETIREMENT SAVINGS PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-08-3053998
Net assets as of the end of the plan year2024-08-302846667
Total assets as of the beginning of the plan year2024-08-302022063
Value of plan covered by a fidelity bond2024-08-30183912
Participant contributions to plan in this plan year2024-08-30311057
Other contributions to plan in this plan year2024-08-3027088
Other income to plan in this plan year2024-08-30409479
Plan net income in this plan year2024-08-30824604
Net assets as of the end of the plan year2024-08-302846667
Net assets as of the beginning of the plan year2024-08-302022063
Employer contributions to plan in this plan year2024-08-30130978
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-301698
2022 : SMITHCO RETIREMENT SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-57,592
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$186,887
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$185,144
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$316,490
Value of total assets at end of year2022-12-31$2,022,063
Value of total assets at beginning of year2022-12-31$2,266,542
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$1,743
Total interest from all sources2022-12-31$482
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
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$183,912
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$275,811
Administrative expenses (other) incurred2022-12-31$1,743
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-244,479
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,022,063
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,266,542
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$1,988,862
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,155,888
Interest earned on other investments2022-12-31$482
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$33,201
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$110,654
Net investment gain/loss from pooled separate accounts2022-12-31$-374,564
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$40,679
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$185,144
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 name2022-12-31HENJES, CONNER & WILLIAMS PC
Accountancy firm EIN2022-12-31481292483
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-57,592
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$186,887
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$185,144
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$316,490
Value of total assets at end of year2022-01-01$2,022,063
Value of total assets at beginning of year2022-01-01$2,266,542
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$1,743
Total interest from all sources2022-01-01$482
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$183,912
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$275,811
Administrative expenses (other) incurred2022-01-01$1,743
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-244,479
Value of net assets at end of year (total assets less liabilities)2022-01-01$2,022,063
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$2,266,542
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$1,988,862
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$2,155,888
Interest earned on other investments2022-01-01$482
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$33,201
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$110,654
Net investment gain/loss from pooled separate accounts2022-01-01$-374,564
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$40,679
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$185,144
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01HENJES, CONNER & WILLIAMS PC
Accountancy firm EIN2022-01-01481292483
2021 : SMITHCO RETIREMENT SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$7,081
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$511,448
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$37,934
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$37,778
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$182,672
Value of total assets at end of year2021-12-31$2,266,542
Value of total assets at beginning of year2021-12-31$1,785,947
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$156
Total interest from all sources2021-12-31$1,108
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
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$385,000
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$165,118
Administrative expenses (other) incurred2021-12-31$156
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$473,514
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,266,542
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,785,947
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$2,155,888
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$1,673,807
Interest earned on other investments2021-12-31$1,108
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$110,654
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$112,140
Net investment gain/loss from pooled separate accounts2021-12-31$327,668
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$17,554
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$37,778
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 name2021-12-31HENJES, CONNER & WILLIAMS PC
Accountancy firm EIN2021-12-31481292483

Form 5500 Responses for SMITHCO RETIREMENT SAVINGS PLAN

2022: SMITHCO RETIREMENT SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SMITHCO RETIREMENT SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberYH4524
Policy instance 1
Insurance contract or identification numberYH4524
Number of Individuals Covered118
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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?Yes
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
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberYH4524
Policy instance 1

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