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NANO MAGIC 401(K) PLAN 401k Plan overview

Plan NameNANO MAGIC 401(K) PLAN
Plan identification number 001

NANO MAGIC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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

NANO MAGIC has sponsored the creation of one or more 401k plans.

Company Name:NANO MAGIC
Employer identification number (EIN):471598792
NAIC Classification:325900
NAIC Description:Other Chemical Product and Preparation Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NANO MAGIC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NANO MAGIC2024-06-17
0012022-01-01NANO MAGIC2023-07-11
0012021-01-01NANO MAGIC2022-07-19
0012020-01-01PEN INC2021-07-01
0012019-01-01PEN INC2020-07-21
0012018-01-01PEN INC2019-05-16
0012017-01-01PEN INC2018-09-17
0012016-01-01PEN INC2017-10-03

Financial Data on NANO MAGIC 401(K) PLAN

Measure Date Value
2025 : NANO MAGIC 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-240
Total liabilities as of the end of the plan year2025-06-240
Total liabilities as of the beginning of the plan year2025-06-240
Total expenses incurred by plan in this plan year2025-06-2410358
Net assets as of the end of the plan year2025-06-241431005
Total assets as of the beginning of the plan year2025-06-241242782
Value of plan covered by a fidelity bond2025-06-24300000
Participant contributions to plan in this plan year2025-06-2422221
Other expenses paid from plan in this plan year2025-06-240
Other contributions to plan in this plan year2025-06-240
Other income to plan in this plan year2025-06-24176360
Plan net income in this plan year2025-06-24188223
Net assets as of the end of the plan year2025-06-241431005
Net assets as of the beginning of the plan year2025-06-241242782
Employer contributions to plan in this plan year2025-06-240
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-244072
2024 : NANO MAGIC 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-170
Total liabilities as of the end of the plan year2024-06-170
Total liabilities as of the beginning of the plan year2024-06-170
Total expenses incurred by plan in this plan year2024-06-1771594
Net assets as of the end of the plan year2024-06-171242782
Total assets as of the beginning of the plan year2024-06-171105535
Value of plan covered by a fidelity bond2024-06-17300000
Participant contributions to plan in this plan year2024-06-1720552
Other expenses paid from plan in this plan year2024-06-170
Other contributions to plan in this plan year2024-06-170
Other income to plan in this plan year2024-06-17188289
Plan net income in this plan year2024-06-17137247
Net assets as of the end of the plan year2024-06-171242782
Net assets as of the beginning of the plan year2024-06-171105535
Employer contributions to plan in this plan year2024-06-170
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-179599

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