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CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameCORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST
Plan identification number 001

CORRPAK, INC. EMPLOYEES 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.
  • 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

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

Company Name:CORRPAK, INC.
Employer identification number (EIN):431592956
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012021-01-01
0012020-01-01ALEX CORRIGAN2021-07-07
0012019-01-01KEVIN CORRIGAN2020-10-02
0012018-01-01KEVIN CORRIGAN2019-08-02
0012017-01-01KEVIN CORRIGAN2018-10-11
0012016-01-01KEVIN CORRIGAN2017-09-29
0012015-01-01KEVIN CORRIGAN2016-10-13
0012014-01-01KEVIN J CORRIGAN2015-07-23
0012013-01-01KEVIN J CORRIGAN2014-09-22
0012012-01-01KEVIN J CORRIGAN2013-07-29
0012011-01-01KEVIN J CORRIGAN2012-07-31
0012010-01-01KEVIN J CORRIGAN2011-10-11
0012009-01-01KEVIN J. CORRIGAN

Plan Statistics for CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST

Measure Date Value
2022: CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-0110
Total number of active participants reported on line 7a of the Form 55002022-01-0110
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-015
Total of all active and inactive participants2022-01-0115
Total participants2022-01-0115
Number of participants with account balances2022-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-0133
Total number of active participants reported on line 7a of the Form 55002021-01-0124
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0124
Number of participants with account balances2021-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2009: CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0111
Total number of active participants reported on line 7a of the Form 55002009-01-0111
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-012
Total of all active and inactive participants2009-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0113
Number of participants with account balances2009-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST

Measure Date Value
2022 : CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-73,327
Expenses. Total of all expenses incurred2022-12-31$52,032
Benefits paid (including direct rollovers)2022-12-31$45,743
Total plan assets at end of year2022-12-31$1,243,170
Total plan assets at beginning of year2022-12-31$1,368,529
Value of fidelity bond covering the plan2022-12-31$250,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-123,327
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-125,359
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,243,170
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,368,529
Total contributions received or receivable from employer(s)2022-12-31$50,000
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$6,289
2021 : CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$272,579
Expenses. Total of all expenses incurred2021-12-31$87,327
Benefits paid (including direct rollovers)2021-12-31$86,066
Total plan assets at end of year2021-12-31$1,572,657
Total plan assets at beginning of year2021-12-31$1,387,405
Value of fidelity bond covering the plan2021-12-31$150,000
Total contributions received or receivable from participants2021-12-31$43,340
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$211,560
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$185,252
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,572,657
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,387,405
Total contributions received or receivable from employer(s)2021-12-31$17,679
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$1,261
2009 : CORRPAK, INC. EMPLOYEES 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 CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST

2022: CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: CORRPAK, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST 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 planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2009: CORRPAK, INC. EMPLOYEES 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract numberCORR-001
Policy instance 1
Insurance contract or identification numberCORR-001
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-11-30
Are there contracts with allocated funds for individual policies?0
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

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