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SCIM TECH INDUSTRIES, INC. 401k Plan overview

Plan NameSCIM TECH INDUSTRIES, INC.
Plan identification number 001

SCIM TECH INDUSTRIES, INC. 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

SCIM TECH INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:SCIM TECH INDUSTRIES, INC.
Employer identification number (EIN):471869175
NAIC Classification:425120
NAIC Description:Wholesale Trade Agents and Brokers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCIM TECH INDUSTRIES, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-08-20WALTER KIBBE WALTER KIBBE2016-04-02
0012014-08-20WALTER KIBBE WALTER KIBBE2016-10-03

Plan Statistics for SCIM TECH INDUSTRIES, INC.

401k plan membership statisitcs for SCIM TECH INDUSTRIES, INC.

Measure Date Value
2014: SCIM TECH INDUSTRIES, INC. 2014 401k membership
Total participants, beginning-of-year2014-08-201
Total number of active participants reported on line 7a of the Form 55002014-08-201
Total of all active and inactive participants2014-08-201
Total participants2014-08-201
Number of participants with account balances2014-08-201

Financial Data on SCIM TECH INDUSTRIES, INC.

Measure Date Value
2015 : SCIM TECH INDUSTRIES, INC. 2015 401k financial data
Total income from all sources2015-06-30$148,540
Total plan assets at end of year2015-06-30$148,540
Total plan assets at beginning of year2015-06-30$0
Value of fidelity bond covering the plan2015-06-30$20,000
Other income received2015-06-30$-6,136
Noncash contributions received2015-06-30$154,676
Net income (gross income less expenses)2015-06-30$148,540
Net plan assets at end of year (total assets less liabilities)2015-06-30$148,540
Net plan assets at beginning of year (total assets less liabilities)2015-06-30$0
Assets. Value of employer securities2015-06-30$148,540

Form 5500 Responses for SCIM TECH INDUSTRIES, INC.

2014: SCIM TECH INDUSTRIES, INC. 2014 form 5500 responses
2014-08-20Type of plan entitySingle employer plan
2014-08-20Submission has been amendedNo
2014-08-20This submission is the final filingNo
2014-08-20This return/report is a short plan year return/report (less than 12 months)Yes
2014-08-20Plan is a collectively bargained planNo
2014-08-20Plan funding arrangement – TrustYes
2014-08-20Plan benefit arrangement - TrustYes

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