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WORD-TECH,INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameWORD-TECH,INC. PROFIT SHARING PLAN
Plan identification number 001

WORD-TECH,INC. PROFIT SHARING PLAN 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

WORD-TECH, INC. has sponsored the creation of one or more 401k plans.

Company Name:WORD-TECH, INC.
Employer identification number (EIN):480876196
NAIC Classification:335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WORD-TECH,INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01BRUCE KARLSON2018-06-20
0012016-01-01BRUCE KARLSON2017-04-20
0012015-01-01BRUCE KARLSON2016-05-10
0012014-01-01BRUCE KARLSON2015-07-24
0012013-01-01BRUCE KARLSON2014-05-30 BRUCE KARLSON2014-05-30
0012012-01-01BRUCE KARLSON2013-06-04 BRUCE KARLSON2013-06-04
0012011-01-01BRUCE KARLSON2012-07-22 BRUCE KARLSON2012-07-22
0012010-01-01BRUCE KARLSON2011-08-18 BRUCE KARLSON2011-08-18

Financial Data on WORD-TECH,INC. PROFIT SHARING PLAN

Measure Date Value
2025 : WORD-TECH,INC. PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-02-06721216
Net assets as of the end of the plan year2025-02-061106393
Total assets as of the beginning of the plan year2025-02-061600918
Value of plan covered by a fidelity bond2025-02-06500000
Participant contributions to plan in this plan year2025-02-0628654
Value of participant loans at end of plan year2025-02-0635457
Other income to plan in this plan year2025-02-06198037
Plan net income in this plan year2025-02-06-494525
Net assets as of the end of the plan year2025-02-061106393
Net assets as of the beginning of the plan year2025-02-061600918
Employer contributions to plan in this plan year2025-02-060
Fees paid to broker by Benefit Provider2025-02-062503
Expensese paid to adminstrative service provicers from plan in this plan year2025-02-061162
2024 : WORD-TECH,INC. PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-04-266013
Net assets as of the end of the plan year2024-04-261600918
Total assets as of the beginning of the plan year2024-04-261337747
Value of plan covered by a fidelity bond2024-04-26150000
Participant contributions to plan in this plan year2024-04-2633407
Value of participant loans at end of plan year2024-04-2638002
Other income to plan in this plan year2024-04-26235777
Plan net income in this plan year2024-04-26263171
Net assets as of the end of the plan year2024-04-261600918
Net assets as of the beginning of the plan year2024-04-261337747
Fees paid to broker by Benefit Provider2024-04-262555
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-26555
2022 : WORD-TECH,INC. PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-0195662
Net assets as of the end of the plan year2022-07-011746866
Total assets as of the beginning of the plan year2022-07-011593708
Value of plan covered by a fidelity bond2022-07-01150000
Participant contributions to plan in this plan year2022-07-0134778
Value of participant loans at end of plan year2022-07-0141052
Other contributions to plan in this plan year2022-07-010
Other income to plan in this plan year2022-07-01214042
Plan net income in this plan year2022-07-01153158
Net assets as of the end of the plan year2022-07-011746866
Net assets as of the beginning of the plan year2022-07-011593708
Employer contributions to plan in this plan year2022-07-010
Fees paid to broker by Benefit Provider2022-07-012905
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-011567

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