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PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NamePROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 002

PROSOCO, INC. 401(K) PROFIT SHARING PLAN & 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • 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

PROSOCO, INC. has sponsored the creation of one or more 401k plans.

Company Name:PROSOCO, INC.
Employer identification number (EIN):481123149
NAIC Classification:325900
NAIC Description:Other Chemical Product and Preparation Manufacturing

Additional information about PROSOCO, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2300348

More information about PROSOCO, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01ANN CONNOR2023-10-01 ANN CONNOR2023-10-01
0022021-01-01
0022020-01-01
0022019-01-01ANN CONNOR2020-10-13 ANN CONNOR2020-10-13
0022018-01-01ANN CONNOR2019-07-22 ANN CONNOR2019-07-22
0022017-01-01ANN CONNOR2018-07-17 ANN CONNOR2018-07-17
0022016-01-01ANN CONNOR2017-07-31 ANN CONNOR2017-07-31
0022015-01-01ANN CONNOR2016-06-23 ANN CONNOR2016-06-23
0022014-01-01ANN CONNOR2015-06-25 ANN CONNOR2015-06-25
0022013-01-01ANN CONNOR2014-07-29 ANN CONNOR2014-07-29
0022012-01-01ANN CONNOR2013-07-30 ANN CONNOR2013-07-30
0022011-01-01ANN CONNOR2012-07-20 ANN CONNOR2012-07-20
0022010-01-01ANN CONNOR2011-09-02 ANN CONNOR2011-09-02

Plan Statistics for PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2022: PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-01133
Total number of active participants reported on line 7a of the Form 55002022-01-01110
Number of retired or separated participants receiving benefits2022-01-014
Number of other retired or separated participants entitled to future benefits2022-01-0125
Total of all active and inactive participants2022-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01139
Number of participants with account balances2022-01-01139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-012
2021: PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-01130
Total number of active participants reported on line 7a of the Form 55002021-01-01102
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-0124
Total of all active and inactive participants2021-01-01128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01128
Number of participants with account balances2021-01-01127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-015
2020: PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-01128
Total number of active participants reported on line 7a of the Form 55002020-01-01107
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-0115
Total of all active and inactive participants2020-01-01124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01124
Number of participants with account balances2020-01-01123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-013

Financial Data on PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2022 : PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$7,349
Total income from all sources (including contributions)2022-12-31$-2,032,968
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$608,707
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$523,470
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,279,799
Value of total assets at end of year2022-12-31$16,979,152
Value of total assets at beginning of year2022-12-31$19,628,176
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$85,237
Total interest from all sources2022-12-31$10,291
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$417,196
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$417,196
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,022,863
Participant contributions at end of year2022-12-31$230,733
Participant contributions at beginning of year2022-12-31$229,098
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$28,681
Liabilities. Value of operating payables at beginning of year2022-12-31$7,349
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,641,675
Value of net assets at end of year (total assets less liabilities)2022-12-31$16,979,152
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$19,620,827
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$71,031
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$16,251,055
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$19,001,938
Interest on participant loans2022-12-31$10,291
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$473,151
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$301,896
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$301,896
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,740,254
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$228,255
Employer contributions (assets) at end of year2022-12-31$24,213
Employer contributions (assets) at beginning of year2022-12-31$95,244
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$523,470
Contract administrator fees2022-12-31$14,206
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31RUBIN BROWN LLP
Accountancy firm EIN2022-12-31430765316
2021 : PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$7,349
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$799
Total income from all sources (including contributions)2021-12-31$3,508,406
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,487,116
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,383,126
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,019,340
Value of total assets at end of year2021-12-31$19,628,176
Value of total assets at beginning of year2021-12-31$17,600,336
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$103,990
Total interest from all sources2021-12-31$12,548
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$503,475
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$503,475
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$924,097
Participant contributions at end of year2021-12-31$229,098
Participant contributions at beginning of year2021-12-31$293,028
Liabilities. Value of operating payables at end of year2021-12-31$7,349
Liabilities. Value of operating payables at beginning of year2021-12-31$799
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,021,290
Value of net assets at end of year (total assets less liabilities)2021-12-31$19,620,827
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$17,599,537
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$76,140
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$19,001,938
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$16,617,139
Income. Interest from loans (other than to participants)2021-12-31$12,547
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$301,896
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$169,920
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$169,920
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,973,043
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$95,243
Employer contributions (assets) at end of year2021-12-31$95,244
Employer contributions (assets) at beginning of year2021-12-31$520,249
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,383,126
Contract administrator fees2021-12-31$27,850
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31RUBIN BROWN LLP
Accountancy firm EIN2021-12-31430765316
2020 : PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$799
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$716
Total income from all sources (including contributions)2020-12-31$3,635,978
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,361,548
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,279,679
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,529,117
Value of total assets at end of year2020-12-31$17,600,336
Value of total assets at beginning of year2020-12-31$15,325,823
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$81,869
Total interest from all sources2020-12-31$22,338
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$322,003
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$322,003
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$949,610
Participant contributions at end of year2020-12-31$293,028
Participant contributions at beginning of year2020-12-31$370,980
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$59,258
Liabilities. Value of operating payables at end of year2020-12-31$799
Liabilities. Value of operating payables at beginning of year2020-12-31$716
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$2,274,430
Value of net assets at end of year (total assets less liabilities)2020-12-31$17,599,537
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$15,325,107
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$58,462
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$16,617,139
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$14,286,648
Interest on participant loans2020-12-31$22,338
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$169,920
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$149,022
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$149,022
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,762,520
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$520,249
Employer contributions (assets) at end of year2020-12-31$520,249
Employer contributions (assets) at beginning of year2020-12-31$519,173
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,279,679
Contract administrator fees2020-12-31$23,407
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31RUBINBROWN LLP
Accountancy firm EIN2020-12-31430765316

Form 5500 Responses for PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST

2022: PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PROSOCO, INC. 401(K) PROFIT SHARING PLAN & TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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