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FUSION SYSTEMS LLC 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameFUSION SYSTEMS LLC 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number 001

FUSION SYSTEMS LLC 401(K) 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.

401k Sponsoring company profile

FUSION SYSTEMS has sponsored the creation of one or more 401k plans.

Company Name:FUSION SYSTEMS
Employer identification number (EIN):461153614
NAIC Classification:561600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FUSION SYSTEMS LLC 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHRIS HORNE2024-07-23
0012022-01-01CHRIS HORNE2023-09-06

Plan Statistics for FUSION SYSTEMS LLC 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for FUSION SYSTEMS LLC 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2025: FUSION SYSTEMS LLC 401(K) PROFIT SHARING PLAN AND TRUST 2025 401k membership
Total number of particpants at beginning of year2025-07-2123
Total number of particpants at end of year2025-07-2122
Number of Participants With Account Balances2025-07-2120
2024: FUSION SYSTEMS LLC 401(K) PROFIT SHARING PLAN AND TRUST 2024 401k membership
Total number of particpants at beginning of year2024-07-2325
Total number of particpants at end of year2024-07-2326
Number of Participants With Account Balances2024-07-2319

Financial Data on FUSION SYSTEMS LLC 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2025 : FUSION SYSTEMS LLC 401(K) PROFIT SHARING PLAN AND TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-210
Total expenses incurred by plan in this plan year2025-07-219250
Net assets as of the end of the plan year2025-07-21368847
Total assets as of the beginning of the plan year2025-07-21265590
Value of plan covered by a fidelity bond2025-07-2130000
Participant contributions to plan in this plan year2025-07-2155850
Value of participant loans at end of plan year2025-07-210
Other contributions to plan in this plan year2025-07-210
Other income to plan in this plan year2025-07-2131572
Plan net income in this plan year2025-07-21103257
Net assets as of the end of the plan year2025-07-21368847
Net assets as of the beginning of the plan year2025-07-21265590
Value of contributions failed to transmitted timely2025-07-210
Employer contributions to plan in this plan year2025-07-2125085
Fees paid to broker by Benefit Provider2025-07-210
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-212023
2024 : FUSION SYSTEMS LLC 401(K) PROFIT SHARING PLAN AND TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-230
Total expenses incurred by plan in this plan year2024-07-2372210
Net assets as of the end of the plan year2024-07-23265590
Total assets as of the beginning of the plan year2024-07-23243466
Value of plan covered by a fidelity bond2024-07-2330000
Participant contributions to plan in this plan year2024-07-2339290
Value of participant loans at end of plan year2024-07-230
Other contributions to plan in this plan year2024-07-230
Other income to plan in this plan year2024-07-2336154
Plan net income in this plan year2024-07-2322124
Net assets as of the end of the plan year2024-07-23265590
Net assets as of the beginning of the plan year2024-07-23243466
Value of contributions failed to transmitted timely2024-07-231339
Employer contributions to plan in this plan year2024-07-2318890
Fees paid to broker by Benefit Provider2024-07-230
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-231111

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