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INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 401k Plan overview

Plan NameINDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN
Plan identification number 001

INDUSTRIAL TURNAROUND CORPORATION 401(K) 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

INDUSTRIAL TURNAROUND CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:INDUSTRIAL TURNAROUND CORPORATION
Employer identification number (EIN):541453225
NAIC Classification:541330
NAIC Description:Engineering Services

Additional information about INDUSTRIAL TURNAROUND CORPORATION

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1988-03-28
Company Identification Number: 0319096
Legal Registered Office Address: 13141 N ENON CHURCH ROAD
1111 EAST MAIN STREET
CHESTER
United States of America (USA)
23836

More information about INDUSTRIAL TURNAROUND CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012019-01-01
0012018-01-01
0012017-01-01TERESA MEADE TERESA MEADE2018-10-05
0012016-01-01TERESA L. MEADE
0012015-01-01TERESA L. MEADE D. JON LOFTIS2016-10-12
0012014-01-01TERESA L. MEADE
0012013-01-01TERESA L. MEADE
0012012-01-01TERESA L. MEADE
0012011-01-01TERESA MEADE
0012009-01-01TERESA MEADE D. JON LOFTIS2010-10-14
0012009-01-01TERESA MEADE D. JON LOFTIS2010-10-14
0012009-01-01TERESA MEADE D. JON LOFTIS2010-10-14
0012009-01-01TERESA MEADE D. JON LOFTIS2010-10-14

Plan Statistics for INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN

401k plan membership statisitcs for INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN

Measure Date Value
2022: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01647
Total number of active participants reported on line 7a of the Form 55002022-01-01438
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01152
Total of all active and inactive participants2022-01-01590
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-012
Total participants2022-01-01592
Number of participants with account balances2022-01-01582
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0153
2021: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01593
Total number of active participants reported on line 7a of the Form 55002021-01-01451
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01112
Total of all active and inactive participants2021-01-01563
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-013
Total participants2021-01-01566
Number of participants with account balances2021-01-01546
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0133
2020: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01626
Total number of active participants reported on line 7a of the Form 55002020-01-01407
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01168
Total of all active and inactive participants2020-01-01575
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-012
Total participants2020-01-01577
Number of participants with account balances2020-01-01551
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0126
2019: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01630
Total number of active participants reported on line 7a of the Form 55002019-01-01498
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01101
Total of all active and inactive participants2019-01-01599
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-013
Total participants2019-01-01602
Number of participants with account balances2019-01-01543
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0167
2018: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01547
Total number of active participants reported on line 7a of the Form 55002018-01-01509
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0182
Total of all active and inactive participants2018-01-01591
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01592
Number of participants with account balances2018-01-01539
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0143
2017: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01623
Total number of active participants reported on line 7a of the Form 55002017-01-01433
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0188
Total of all active and inactive participants2017-01-01521
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01521
Number of participants with account balances2017-01-01489
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0132
2016: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01566
Total number of active participants reported on line 7a of the Form 55002016-01-01388
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01189
Total of all active and inactive participants2016-01-01577
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01577
Number of participants with account balances2016-01-01563
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0135
2015: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01499
Total number of active participants reported on line 7a of the Form 55002015-01-01403
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01140
Total of all active and inactive participants2015-01-01543
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01543
Number of participants with account balances2015-01-01518
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0128
2014: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01441
Total number of active participants reported on line 7a of the Form 55002014-01-01386
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01105
Total of all active and inactive participants2014-01-01491
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01491
Number of participants with account balances2014-01-01466
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0119
2013: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01414
Total number of active participants reported on line 7a of the Form 55002013-01-01315
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01115
Total of all active and inactive participants2013-01-01430
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01430
Number of participants with account balances2013-01-01409
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0126
2012: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01435
Total number of active participants reported on line 7a of the Form 55002012-01-01304
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01103
Total of all active and inactive participants2012-01-01407
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01407
Number of participants with account balances2012-01-01387
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0129
2011: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01377
Total number of active participants reported on line 7a of the Form 55002011-01-01321
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01104
Total of all active and inactive participants2011-01-01425
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01425
Number of participants with account balances2011-01-01362
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0129
2009: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01466
Total number of active participants reported on line 7a of the Form 55002009-01-01285
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0163
Total of all active and inactive participants2009-01-01348
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01348
Number of participants with account balances2009-01-01302
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0118

Financial Data on INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN

Measure Date Value
2022 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 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$0
Total income from all sources (including contributions)2022-12-31$-5,977,991
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$7,291,928
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$7,156,781
Expenses. Certain deemed distributions of participant loans2022-12-31$1,516
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,764,490
Value of total assets at end of year2022-12-31$42,974,452
Value of total assets at beginning of year2022-12-31$56,244,371
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$133,631
Total interest from all sources2022-12-31$32,217
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$205,006
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$205,006
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$3,616,273
Participant contributions at end of year2022-12-31$707,411
Participant contributions at beginning of year2022-12-31$709,251
Participant contributions at beginning of year2022-12-31$527
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$148,217
Other income not declared elsewhere2022-12-31$47,079
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-13,269,919
Value of net assets at end of year (total assets less liabilities)2022-12-31$42,974,452
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$56,244,371
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$9,152,446
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$13,528,933
Interest on participant loans2022-12-31$32,217
Value of interest in common/collective trusts at end of year2022-12-31$33,114,595
Value of interest in common/collective trusts at beginning of year2022-12-31$42,005,660
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,445,876
Net investment gain or loss from common/collective trusts2022-12-31$-7,580,907
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 contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$7,156,781
Contract administrator fees2022-12-31$133,631
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 name2022-12-31MEADOWS URGUHART ACREE & COOK LLP
Accountancy firm EIN2022-12-31201485301
2021 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$9,669,619
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,175,850
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,040,658
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,519,039
Value of total assets at end of year2021-12-31$56,244,371
Value of total assets at beginning of year2021-12-31$49,750,602
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$135,192
Total interest from all sources2021-12-31$33,221
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$203,288
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$203,288
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$3,171,113
Participant contributions at end of year2021-12-31$709,251
Participant contributions at beginning of year2021-12-31$641,555
Participant contributions at end of year2021-12-31$527
Participant contributions at beginning of year2021-12-31$6,818
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$347,926
Other income not declared elsewhere2021-12-31$1
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$6,493,769
Value of net assets at end of year (total assets less liabilities)2021-12-31$56,244,371
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$49,750,602
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$13,528,933
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$18,405,692
Interest on participant loans2021-12-31$33,221
Value of interest in common/collective trusts at end of year2021-12-31$42,005,660
Value of interest in common/collective trusts at beginning of year2021-12-31$30,696,537
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,716,889
Net investment gain or loss from common/collective trusts2021-12-31$4,197,181
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,040,658
Contract administrator fees2021-12-31$135,192
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 name2021-12-31MEADOWS URGUHART ACREE & COOK LLP
Accountancy firm EIN2021-12-31201485301
2020 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$0
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$9,377,705
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$3,772,268
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$3,654,856
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,203,919
Value of total assets at end of year2020-12-31$49,750,602
Value of total assets at beginning of year2020-12-31$44,145,165
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$117,412
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$35,668
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$165,018
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$165,018
Administrative expenses professional fees incurred2020-12-31$0
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
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$2,926,775
Participant contributions at end of year2020-12-31$641,555
Participant contributions at beginning of year2020-12-31$579,909
Participant contributions at end of year2020-12-31$6,818
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$236,139
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$27,169
Administrative expenses (other) incurred2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
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$5,605,437
Value of net assets at end of year (total assets less liabilities)2020-12-31$49,750,602
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$44,145,165
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$10,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$18,405,692
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$15,360,898
Interest on participant loans2020-12-31$35,668
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$0
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$30,696,537
Value of interest in common/collective trusts at beginning of year2020-12-31$28,204,358
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$2,630,098
Net investment gain/loss from pooled separate accounts2020-12-31$0
Net investment gain or loss from common/collective trusts2020-12-31$3,315,833
Net gain/loss from 103.12 investment entities2020-12-31$0
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 contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$41,005
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$0
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$3,654,856
Contract administrator fees2020-12-31$107,412
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
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
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Qualified
Accountancy firm name2020-12-31MEADOWS URQUHART ACREE & COOK, LLP
Accountancy firm EIN2020-12-31201485301
2019 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$0
Total transfer of assets to this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$12,297,188
Total income from all sources (including contributions)2019-12-31$12,297,188
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$4,614,985
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$4,451,656
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$4,451,656
Expenses. Certain deemed distributions of participant loans2019-12-31$39,985
Expenses. Certain deemed distributions of participant loans2019-12-31$39,985
Value of total corrective distributions2019-12-31$0
Value of total corrective distributions2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$4,154,010
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$4,154,010
Value of total assets at end of year2019-12-31$44,145,165
Value of total assets at end of year2019-12-31$44,145,165
Value of total assets at beginning of year2019-12-31$36,462,962
Value of total assets at beginning of year2019-12-31$36,462,962
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$123,344
Total income from rents2019-12-31$0
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$31,431
Total interest from all sources2019-12-31$31,431
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$197,562
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$197,562
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$197,562
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$197,562
Administrative expenses professional fees incurred2019-12-31$0
Administrative expenses professional fees incurred2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Amount of non-exempt transactions with any party-in-interest2019-12-31$0
Amount of non-exempt transactions with any party-in-interest2019-12-31$0
Contributions received from participants2019-12-31$2,947,535
Contributions received from participants2019-12-31$2,947,535
Participant contributions at end of year2019-12-31$579,909
Participant contributions at end of year2019-12-31$579,909
Participant contributions at beginning of year2019-12-31$619,854
Participant contributions at beginning of year2019-12-31$619,854
Participant contributions at end of year2019-12-31$0
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$98,382
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$98,382
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$80
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$80
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other income not declared elsewhere2019-12-31$49,947
Other income not declared elsewhere2019-12-31$49,947
Administrative expenses (other) incurred2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$7,682,203
Value of net income/loss2019-12-31$7,682,203
Value of net assets at end of year (total assets less liabilities)2019-12-31$44,145,165
Value of net assets at end of year (total assets less liabilities)2019-12-31$44,145,165
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$36,462,962
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$36,462,962
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2019-12-31$0
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2019-12-31$0
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2019-12-31$0
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2019-12-31$0
Investment advisory and management fees2019-12-31$19,958
Investment advisory and management fees2019-12-31$19,958
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$15,360,898
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$15,360,898
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$11,712,412
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$11,712,412
Interest on participant loans2019-12-31$31,431
Interest on participant loans2019-12-31$31,431
Income. Interest from loans (other than to participants)2019-12-31$0
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$0
Interest earned on other investments2019-12-31$0
Income. Interest from US Government securities2019-12-31$0
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$28,204,358
Value of interest in common/collective trusts at end of year2019-12-31$28,204,358
Value of interest in common/collective trusts at beginning of year2019-12-31$24,130,696
Value of interest in common/collective trusts at beginning of year2019-12-31$24,130,696
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$3,052,537
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$3,052,537
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain or loss from common/collective trusts2019-12-31$4,811,701
Net investment gain or loss from common/collective trusts2019-12-31$4,811,701
Net gain/loss from 103.12 investment entities2019-12-31$0
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,108,093
Contributions received in cash from employer2019-12-31$1,108,093
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$0
Income. Dividends from common stock2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$4,451,576
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$4,451,576
Contract administrator fees2019-12-31$103,386
Contract administrator fees2019-12-31$103,386
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MEADOWS URQUHART ACREE & COOK, LLP
Accountancy firm EIN2019-12-31201485301
Accountancy firm EIN2019-12-31201485301
2018 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets2018-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$0
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$2,326,297
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$2,982,903
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$2,862,318
Expenses. Certain deemed distributions of participant loans2018-12-31$2,056
Value of total corrective distributions2018-12-31$161
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$4,546,471
Value of total assets at end of year2018-12-31$36,462,962
Value of total assets at beginning of year2018-12-31$37,119,568
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$118,368
Total income from rents2018-12-31$0
Total interest from all sources2018-12-31$30,839
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$174,364
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$174,364
Administrative expenses professional fees incurred2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Amount of non-exempt transactions with any party-in-interest2018-12-31$0
Contributions received from participants2018-12-31$2,847,590
Participant contributions at end of year2018-12-31$619,854
Participant contributions at beginning of year2018-12-31$627,322
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$77,748
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$630,481
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$0
Other income not declared elsewhere2018-12-31$0
Administrative expenses (other) incurred2018-12-31$0
Liabilities. Value of operating payables at beginning of year2018-12-31$0
Total non interest bearing cash at end of year2018-12-31$0
Total non interest bearing cash at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-656,606
Value of net assets at end of year (total assets less liabilities)2018-12-31$36,462,962
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$37,119,568
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2018-12-31$0
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2018-12-31$0
Investment advisory and management fees2018-12-31$19,989
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$11,712,412
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$11,637,770
Interest on participant loans2018-12-31$30,839
Income. Interest from loans (other than to participants)2018-12-31$0
Interest earned on other investments2018-12-31$0
Income. Interest from US Government securities2018-12-31$0
Income. Interest from corporate debt instruments2018-12-31$0
Value of interest in common/collective trusts at end of year2018-12-31$24,130,696
Value of interest in common/collective trusts at beginning of year2018-12-31$24,692,934
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-982,626
Net investment gain/loss from pooled separate accounts2018-12-31$0
Net investment gain or loss from common/collective trusts2018-12-31$-1,442,751
Net gain/loss from 103.12 investment entities2018-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$1,068,400
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$83,794
Income. Dividends from preferred stock2018-12-31$0
Income. Dividends from common stock2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$2,862,318
Contract administrator fees2018-12-31$98,379
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$0
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$0
Aggregate carrying amount (costs) on sale of assets2018-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31MEADOWS URQUHART ACREE & COOK, LLP
Accountancy firm EIN2018-12-31201485301
2017 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets2017-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$0
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Expenses. Interest paid2017-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022017-12-31$0
Total income from all sources (including contributions)2017-12-31$9,780,870
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,871,112
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,720,669
Expenses. Certain deemed distributions of participant loans2017-12-31$0
Value of total corrective distributions2017-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$4,551,967
Value of total assets at end of year2017-12-31$37,119,568
Value of total assets at beginning of year2017-12-31$29,209,810
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$150,443
Total income from rents2017-12-31$0
Total interest from all sources2017-12-31$27,068
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$151,109
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$151,109
Administrative expenses professional fees incurred2017-12-31$0
Was this plan covered by a fidelity bond2017-12-31No
Value of fidelity bond cover2017-12-31$0
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Amount of non-exempt transactions with any party-in-interest2017-12-31$0
Contributions received from participants2017-12-31$2,655,018
Participant contributions at end of year2017-12-31$627,322
Participant contributions at beginning of year2017-12-31$540,258
Participant contributions at end of year2017-12-31$77,748
Participant contributions at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$817,975
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$159
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$0
Other income not declared elsewhere2017-12-31$-1,480
Administrative expenses (other) incurred2017-12-31$0
Liabilities. Value of operating payables at beginning of year2017-12-31$0
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Income. Non cash contributions2017-12-31$0
Value of net income/loss2017-12-31$7,909,758
Value of net assets at end of year (total assets less liabilities)2017-12-31$37,119,568
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$29,209,810
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2017-12-31$0
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2017-12-31$0
Investment advisory and management fees2017-12-31$14,997
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$11,637,770
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$27,252,713
Value of interest in pooled separate accounts at end of year2017-12-31$0
Value of interest in pooled separate accounts at beginning of year2017-12-31$467
Interest on participant loans2017-12-31$27,068
Income. Interest from loans (other than to participants)2017-12-31$0
Interest earned on other investments2017-12-31$0
Income. Interest from US Government securities2017-12-31$0
Income. Interest from corporate debt instruments2017-12-31$0
Value of interest in common/collective trusts at end of year2017-12-31$24,692,934
Value of interest in common/collective trusts at beginning of year2017-12-31$1,416,372
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$2,787,761
Net investment gain/loss from pooled separate accounts2017-12-31$6
Net investment gain or loss from common/collective trusts2017-12-31$2,264,439
Net gain/loss from 103.12 investment entities2017-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$1,078,974
Employer contributions (assets) at end of year2017-12-31$83,794
Employer contributions (assets) at beginning of year2017-12-31$0
Income. Dividends from preferred stock2017-12-31$0
Income. Dividends from common stock2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,720,510
Contract administrator fees2017-12-31$135,446
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$0
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$0
Aggregate carrying amount (costs) on sale of assets2017-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31DIXON HUGHES GOODMAN
Accountancy firm EIN2017-12-31560747981
2016 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$5,904,200
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$1,055,548
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$974,946
Expenses. Certain deemed distributions of participant loans2016-12-31$-743
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$3,789,352
Value of total assets at end of year2016-12-31$29,209,810
Value of total assets at beginning of year2016-12-31$24,361,158
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$81,345
Total interest from all sources2016-12-31$18,949
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$391,359
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$391,359
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$2,264,627
Participant contributions at end of year2016-12-31$540,258
Participant contributions at beginning of year2016-12-31$403,974
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$611,372
Other income not declared elsewhere2016-12-31$2,582
Administrative expenses (other) incurred2016-12-31$81,345
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$4,848,652
Value of net assets at end of year (total assets less liabilities)2016-12-31$29,209,810
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$24,361,158
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$27,252,713
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$22,524,649
Value of interest in pooled separate accounts at end of year2016-12-31$467
Value of interest in pooled separate accounts at beginning of year2016-12-31$1,273
Interest on participant loans2016-12-31$18,949
Value of interest in common/collective trusts at end of year2016-12-31$1,416,372
Value of interest in common/collective trusts at beginning of year2016-12-31$1,431,262
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$1,675,883
Net investment gain/loss from pooled separate accounts2016-12-31$148
Net investment gain or loss from common/collective trusts2016-12-31$25,927
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$913,353
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$974,946
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31DIXON HUGHES GOODMAN
Accountancy firm EIN2016-12-31560747981
2015 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$2,558,704
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$1,320,358
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,242,937
Expenses. Certain deemed distributions of participant loans2015-12-31$743
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$2,960,660
Value of total assets at end of year2015-12-31$24,361,158
Value of total assets at beginning of year2015-12-31$23,122,812
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$76,678
Total interest from all sources2015-12-31$19,366
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$357,877
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$357,877
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$2,046,851
Participant contributions at end of year2015-12-31$403,974
Participant contributions at beginning of year2015-12-31$449,153
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$109,366
Other income not declared elsewhere2015-12-31$1,778
Administrative expenses (other) incurred2015-12-31$76,678
Total non interest bearing cash at beginning of year2015-12-31$317
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$1,238,346
Value of net assets at end of year (total assets less liabilities)2015-12-31$24,361,158
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$23,122,812
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$22,524,649
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$21,640,977
Value of interest in pooled separate accounts at end of year2015-12-31$1,273
Interest on participant loans2015-12-31$19,366
Value of interest in common/collective trusts at end of year2015-12-31$1,431,262
Value of interest in common/collective trusts at beginning of year2015-12-31$1,032,365
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-800,183
Net investment gain/loss from pooled separate accounts2015-12-31$-3
Net investment gain or loss from common/collective trusts2015-12-31$19,209
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$804,443
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,242,937
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31DIXON HUGHES GOODMAN
Accountancy firm EIN2015-12-31560747981
2014 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$3,715,026
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$767,913
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$697,896
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$2,459,412
Value of total assets at end of year2014-12-31$23,122,812
Value of total assets at beginning of year2014-12-31$20,175,699
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$70,017
Total interest from all sources2014-12-31$16,315
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,159,787
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$1,159,787
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,750,916
Participant contributions at end of year2014-12-31$449,153
Participant contributions at beginning of year2014-12-31$384,090
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$53,202
Other income not declared elsewhere2014-12-31$27,188
Administrative expenses (other) incurred2014-12-31$70,017
Total non interest bearing cash at end of year2014-12-31$317
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$2,947,113
Value of net assets at end of year (total assets less liabilities)2014-12-31$23,122,812
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$20,175,699
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$21,640,977
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$18,837,028
Interest on participant loans2014-12-31$16,315
Value of interest in common/collective trusts at end of year2014-12-31$1,032,365
Value of interest in common/collective trusts at beginning of year2014-12-31$954,581
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$37,874
Net investment gain or loss from common/collective trusts2014-12-31$14,450
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$655,294
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$697,896
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31DIXON HUGHES GOODMAN
Accountancy firm EIN2014-12-31560747981
2013 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$5,370,965
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,932,033
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,799,147
Expenses. Certain deemed distributions of participant loans2013-12-31$555
Value of total corrective distributions2013-12-31$64,838
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,117,554
Value of total assets at end of year2013-12-31$20,175,699
Value of total assets at beginning of year2013-12-31$16,736,767
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$67,493
Total interest from all sources2013-12-31$15,281
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$684,044
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$684,044
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$1,490,764
Participant contributions at end of year2013-12-31$384,090
Participant contributions at beginning of year2013-12-31$332,850
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$46,134
Other income not declared elsewhere2013-12-31$1,044
Administrative expenses (other) incurred2013-12-31$67,493
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$3,438,932
Value of net assets at end of year (total assets less liabilities)2013-12-31$20,175,699
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$16,736,767
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$18,837,028
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$13,109,100
Interest on participant loans2013-12-31$15,281
Value of interest in common/collective trusts at end of year2013-12-31$954,581
Value of interest in common/collective trusts at beginning of year2013-12-31$3,294,817
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$2,429,649
Net investment gain or loss from common/collective trusts2013-12-31$123,393
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$580,656
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,799,147
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31DIXON HUGHES GOODMAN
Accountancy firm EIN2013-12-31560747981
2012 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$3,613,047
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$796,085
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$664,227
Value of total corrective distributions2012-12-31$78,820
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,627,721
Value of total assets at end of year2012-12-31$16,736,767
Value of total assets at beginning of year2012-12-31$13,919,805
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$53,038
Total interest from all sources2012-12-31$12,543
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$277,745
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$277,745
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,339,490
Participant contributions at end of year2012-12-31$332,850
Participant contributions at beginning of year2012-12-31$309,028
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$1,365
Other income not declared elsewhere2012-12-31$1,204
Administrative expenses (other) incurred2012-12-31$53,038
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$2,816,962
Value of net assets at end of year (total assets less liabilities)2012-12-31$16,736,767
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$13,919,805
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$13,109,100
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$11,265,739
Interest on participant loans2012-12-31$12,543
Value of interest in common/collective trusts at end of year2012-12-31$3,294,817
Value of interest in common/collective trusts at beginning of year2012-12-31$2,345,038
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,606,000
Net investment gain or loss from common/collective trusts2012-12-31$87,834
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$286,866
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$664,227
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31DIXON HUGHES GOODMAN
Accountancy firm EIN2012-12-31560747981
2011 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$969,542
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,093,242
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$943,450
Value of total corrective distributions2011-12-31$70,932
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,555,401
Value of total assets at end of year2011-12-31$13,919,805
Value of total assets at beginning of year2011-12-31$14,043,505
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$78,860
Total interest from all sources2011-12-31$12,210
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$163,985
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$163,985
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,225,709
Participant contributions at end of year2011-12-31$309,028
Participant contributions at beginning of year2011-12-31$248,208
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$17,459
Other income not declared elsewhere2011-12-31$46,398
Administrative expenses (other) incurred2011-12-31$78,860
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-123,700
Value of net assets at end of year (total assets less liabilities)2011-12-31$13,919,805
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$14,043,505
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$11,265,739
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$11,349,102
Interest on participant loans2011-12-31$12,210
Value of interest in common/collective trusts at end of year2011-12-31$2,345,038
Value of interest in common/collective trusts at beginning of year2011-12-31$2,446,195
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-868,552
Net investment gain or loss from common/collective trusts2011-12-31$60,100
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$312,233
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$943,450
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2011-12-31560747981
2010 : INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$3,027,140
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,179,304
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,083,762
Value of total corrective distributions2010-12-31$77
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,140,728
Value of total assets at end of year2010-12-31$14,043,505
Value of total assets at beginning of year2010-12-31$12,195,669
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$95,465
Total interest from all sources2010-12-31$13,232
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$138,473
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$138,473
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,110,262
Participant contributions at end of year2010-12-31$248,208
Participant contributions at beginning of year2010-12-31$278,273
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$9,654
Other income not declared elsewhere2010-12-31$21,419
Administrative expenses (other) incurred2010-12-31$95,465
Total non interest bearing cash at beginning of year2010-12-31$1
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,847,836
Value of net assets at end of year (total assets less liabilities)2010-12-31$14,043,505
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$12,195,669
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$11,349,102
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$10,694,705
Interest on participant loans2010-12-31$13,232
Value of interest in common/collective trusts at end of year2010-12-31$2,446,195
Value of interest in common/collective trusts at beginning of year2010-12-31$1,222,690
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,651,803
Net investment gain or loss from common/collective trusts2010-12-31$61,485
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$20,812
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,083,762
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2010-12-31560747981
2009 : INDUSTRIAL TURNAROUND CORPORATION 401(K) 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 INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN

2022: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
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: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
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: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
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
2019: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedYes
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: INDUSTRIAL TURNAROUND CORPORATION 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: INDUSTRIAL TURNAROUND CORPORATION 401(K) 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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: INDUSTRIAL TURNAROUND CORPORATION 401(K) 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number00000ITA
Policy instance 1
Insurance contract or identification number00000ITA
Number of Individuals Covered0
Insurance policy start date2017-01-01
Insurance policy end date2017-04-03
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number00000ITA
Policy instance 1
Insurance contract or identification number00000ITA
Number of Individuals Covered543
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?Yes
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Other information about contractGROUP VARIABLE ANNUITY

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