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GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 401k Plan overview

Plan NameGINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN
Plan identification number 002

GINSEY INDUSTRIES EMPLOYEE SAVINGS 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.
  • 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.

401k Sponsoring company profile

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

Company Name:GINSEY INDUSTRIES, INC
Employer identification number (EIN):521711766
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01CANDICE ELSESSER2024-10-09 CANDICE ELSESSER2024-10-09
0022022-01-01CANDICE ELSESSER2023-06-27
0022021-01-01CANDICE ELSESSER2022-10-14 CANDICE ELSESSER2022-10-14
0022020-01-01GEORGE VALLETTI2021-06-21 GEORGE VALLETTI2021-06-21
0022019-01-01JENNIFER BECK2020-06-08 GEORGE VALLETTI2020-06-08
0022018-01-01JENNIFER M BECK2019-05-15
0022017-01-01JENNIFER M. BECK2018-06-11
0022016-01-01JENNIFER BECK2017-07-26
0022015-01-01GEORGE VALLETTI2016-05-11
0022014-01-01JOANNE CLARKE2015-04-29
0022013-01-01GEORGE VALLETTI2014-08-13 GEORGE VALLETTI2014-08-13
0022012-01-01GEORGE VALLETTI GEORGE VALLETTI2013-06-26
0022011-01-01GEORGE VALLETTI GEORGE VALLETTI2012-07-31
0022010-01-01GEORGE VALLETTI
0022009-01-01GEORGE VALLETTI GEORGE VALLETTI2010-07-15

Financial Data on GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN

Measure Date Value
2025 : GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-08-140
Total expenses incurred by plan in this plan year2025-08-14581018
Net assets as of the end of the plan year2025-08-146906302
Total assets as of the beginning of the plan year2025-08-146352277
Value of plan covered by a fidelity bond2025-08-14500000
Participant contributions to plan in this plan year2025-08-14272014
Value of participant loans at end of plan year2025-08-14112058
Other contributions to plan in this plan year2025-08-1441868
Other income to plan in this plan year2025-08-14702515
Plan net income in this plan year2025-08-14554025
Net assets as of the end of the plan year2025-08-146906302
Net assets as of the beginning of the plan year2025-08-146352277
Employer contributions to plan in this plan year2025-08-14118646
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-1437916
2024 : GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-10-090
Total expenses incurred by plan in this plan year2024-10-09313284
Net assets as of the end of the plan year2024-10-096352277
Total assets as of the beginning of the plan year2024-10-095565620
Value of plan covered by a fidelity bond2024-10-09500000
Participant contributions to plan in this plan year2024-10-09195649
Value of participant loans at end of plan year2024-10-0974258
Other income to plan in this plan year2024-10-09866914
Plan net income in this plan year2024-10-09786657
Net assets as of the end of the plan year2024-10-096352277
Net assets as of the beginning of the plan year2024-10-095565620
Employer contributions to plan in this plan year2024-10-0937378
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-0937976
2012 : GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 2012 401k financial data
Total income from all sources2012-12-31$429,038
Expenses. Total of all expenses incurred2012-12-31$469,828
Benefits paid (including direct rollovers)2012-12-31$447,423
Total plan assets at end of year2012-12-31$2,377,026
Total plan assets at beginning of year2012-12-31$2,417,816
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$145,246
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$250,521
Net income (gross income less expenses)2012-12-31$-40,790
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,377,026
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,417,816
Assets. Value of participant loans2012-12-31$36,971
Total contributions received or receivable from employer(s)2012-12-31$33,271
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$22,405
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 2011 401k financial data
Total income from all sources2011-12-31$209,894
Expenses. Total of all expenses incurred2011-12-31$147,392
Benefits paid (including direct rollovers)2011-12-31$125,134
Total plan assets at end of year2011-12-31$2,417,816
Total plan assets at beginning of year2011-12-31$2,355,314
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$161,769
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$11,824
Net income (gross income less expenses)2011-12-31$62,502
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,417,816
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,355,314
Assets. Value of participant loans2011-12-31$55,780
Total contributions received or receivable from employer(s)2011-12-31$36,301
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$22,258
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 2010 401k financial data
Total income from all sources2010-12-31$416,393
Expenses. Total of all expenses incurred2010-12-31$344,085
Benefits paid (including direct rollovers)2010-12-31$304,775
Total plan assets at end of year2010-12-31$2,355,314
Total plan assets at beginning of year2010-12-31$2,283,006
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$164,169
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$217,838
Net income (gross income less expenses)2010-12-31$72,308
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,355,314
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,283,006
Assets. Value of participant loans2010-12-31$78,982
Total contributions received or receivable from employer(s)2010-12-31$34,386
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$17,420
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$21,890
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN

2012: GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: GINSEY INDUSTRIES EMPLOYEE SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberFL 1926
Policy instance 1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberFL 1926
Policy instance 1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberFL 1926
Policy instance 1

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