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MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameMAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST
Plan identification number 011

MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

PETERSON MANUFACTURING COMPANY has sponsored the creation of one or more 401k plans.

Company Name:PETERSON MANUFACTURING COMPANY
Employer identification number (EIN):440607507
NAIC Classification:336300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0112021-12-01
0112021-12-01
0112021-12-01ROGER V LEWIS
0112020-12-01

Plan Statistics for MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST

Measure Date Value
2021: MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-12-0184
Total number of active participants reported on line 7a of the Form 55002021-12-010
Number of retired or separated participants receiving benefits2021-12-010
Number of other retired or separated participants entitled to future benefits2021-12-010
Total of all active and inactive participants2021-12-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-12-010
Total participants2021-12-010
Number of participants with account balances2021-12-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-12-010
2020: MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-12-01104
Total number of active participants reported on line 7a of the Form 55002020-12-0179
Number of retired or separated participants receiving benefits2020-12-010
Number of other retired or separated participants entitled to future benefits2020-12-015
Total of all active and inactive participants2020-12-0184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-12-010
Total participants2020-12-0184
Number of participants with account balances2020-12-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-12-0110

Financial Data on MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST

Measure Date Value
2021 : MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST 2021 401k financial data
Transfers to/from the plan2021-12-01$-1,761,129
Total plan liabilities at end of year2021-12-01$0
Total plan liabilities at beginning of year2021-12-01$3,573
Total income from all sources2021-12-01$-7,213
Expenses. Total of all expenses incurred2021-12-01$1,753,916
Benefits paid (including direct rollovers)2021-12-01$1,753,916
Total plan assets at end of year2021-12-01$0
Total plan assets at beginning of year2021-12-01$1,764,702
Value of fidelity bond covering the plan2021-12-01$500,000
Other income received2021-12-01$-7,213
Net income (gross income less expenses)2021-12-01$-1,761,129
Net plan assets at end of year (total assets less liabilities)2021-12-01$0
Net plan assets at beginning of year (total assets less liabilities)2021-12-01$1,761,129
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-01$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-01$0
Total plan liabilities at end of year2021-11-30$3,573
Total plan liabilities at beginning of year2021-11-30$4,420
Total income from all sources2021-11-30$765,979
Expenses. Total of all expenses incurred2021-11-30$256,997
Benefits paid (including direct rollovers)2021-11-30$244,606
Total plan assets at end of year2021-11-30$1,764,702
Total plan assets at beginning of year2021-11-30$1,256,567
Value of fidelity bond covering the plan2021-11-30$500,000
Total contributions received or receivable from participants2021-11-30$1,600
Other income received2021-11-30$200,924
Net income (gross income less expenses)2021-11-30$508,982
Net plan assets at end of year (total assets less liabilities)2021-11-30$1,761,129
Net plan assets at beginning of year (total assets less liabilities)2021-11-30$1,252,147
Total contributions received or receivable from employer(s)2021-11-30$563,455
Expenses. Administrative service providers (salaries,fees and commissions)2021-11-30$12,391
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-11-30$0

Form 5500 Responses for MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST

2021: MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST 2021 form 5500 responses
2021-12-01Type of plan entitySingle employer plan
2021-12-01Submission has been amendedNo
2021-12-01This submission is the final filingYes
2021-12-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-12-01Plan is a collectively bargained planNo
2021-12-01Plan funding arrangement – TrustYes
2021-12-01Plan benefit arrangement - TrustYes
2020: MAXI-SEAL DIVISION OF PETERSON MANUFACTURING COMPANY PROFIT SHARING PLAN AND TRUST 2020 form 5500 responses
2020-12-01Type of plan entitySingle employer plan
2020-12-01Submission has been amendedNo
2020-12-01This submission is the final filingNo
2020-12-01This return/report is a short plan year return/report (less than 12 months)No
2020-12-01Plan is a collectively bargained planNo
2020-12-01Plan funding arrangement – TrustYes
2020-12-01Plan benefit arrangement - TrustYes

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