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SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameSOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

SOUTHERN PRECISION SPRING CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTHERN PRECISION SPRING CO., INC.
Employer identification number (EIN):560637990
NAIC Classification:332610

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01HUGH DUNCAN JR
0012015-01-01HUGH DUNCAN, JR.
0012014-01-01HUGH DUNCAN, JR.
0012013-01-01SHERRI MUSSELWHITE
0012012-01-01THOM DUNCAN THOM DUNCAN2013-05-22
0012011-01-01THOM DUNCAN
0012009-01-01THOM DUNCAN
0012009-01-01THOM DUNCAN

Financial Data on SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-0798322
Net assets as of the end of the plan year2025-07-072863842
Total assets as of the beginning of the plan year2025-07-072631842
Value of plan covered by a fidelity bond2025-07-07500000
Participant contributions to plan in this plan year2025-07-0783300
Other expenses paid from plan in this plan year2025-07-070
Other contributions to plan in this plan year2025-07-070
Other income to plan in this plan year2025-07-07200489
Plan net income in this plan year2025-07-07232000
Net assets as of the end of the plan year2025-07-072863842
Net assets as of the beginning of the plan year2025-07-072631842
Employer contributions to plan in this plan year2025-07-0746533
Fees paid to broker by Benefit Provider2025-07-071655
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-079111
2024 : SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-19190359
Net assets as of the end of the plan year2024-06-192631842
Total assets as of the beginning of the plan year2024-06-192485189
Value of plan covered by a fidelity bond2024-06-19500000
Participant contributions to plan in this plan year2024-06-1970090
Other income to plan in this plan year2024-06-19220094
Plan net income in this plan year2024-06-19146653
Net assets as of the end of the plan year2024-06-192631842
Net assets as of the beginning of the plan year2024-06-192485189
Employer contributions to plan in this plan year2024-06-1946828
Fees paid to broker by Benefit Provider2024-06-192123
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-193609
2016 : SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$298,456
Expenses. Total of all expenses incurred2016-12-31$97,415
Benefits paid (including direct rollovers)2016-12-31$91,065
Total plan assets at end of year2016-12-31$2,616,304
Total plan assets at beginning of year2016-12-31$2,415,263
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$95,247
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$142,384
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$201,041
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,616,304
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,415,263
Total contributions received or receivable from employer(s)2016-12-31$60,825
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$6,350
2015 : SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$151,032
Expenses. Total of all expenses incurred2015-12-31$687,265
Benefits paid (including direct rollovers)2015-12-31$680,350
Total plan assets at end of year2015-12-31$2,415,263
Total plan assets at beginning of year2015-12-31$2,951,496
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$94,968
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$2,307
Other income received2015-12-31$-7,256
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-536,233
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,415,263
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,951,496
Total contributions received or receivable from employer(s)2015-12-31$61,013
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$6,915
2014 : SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$274,543
Expenses. Total of all expenses incurred2014-12-31$297,029
Benefits paid (including direct rollovers)2014-12-31$289,529
Total plan assets at end of year2014-12-31$2,951,496
Total plan assets at beginning of year2014-12-31$2,973,982
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$89,883
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$120,905
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-22,486
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,951,496
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,973,982
Total contributions received or receivable from employer(s)2014-12-31$63,755
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$7,500
2013 : SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$422,260
Expenses. Total of all expenses incurred2013-12-31$213,980
Benefits paid (including direct rollovers)2013-12-31$206,786
Total plan assets at end of year2013-12-31$2,973,982
Total plan assets at beginning of year2013-12-31$2,765,702
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$85,977
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$271,785
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$208,280
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,973,982
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,765,702
Total contributions received or receivable from employer(s)2013-12-31$64,498
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$7,194
2012 : SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$365,528
Expenses. Total of all expenses incurred2012-12-31$607,985
Benefits paid (including direct rollovers)2012-12-31$600,579
Total plan assets at end of year2012-12-31$2,765,702
Total plan assets at beginning of year2012-12-31$3,008,159
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$54,359
Other income received2012-12-31$230,524
Net income (gross income less expenses)2012-12-31$-242,457
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,765,702
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$3,008,159
Total contributions received or receivable from employer(s)2012-12-31$80,645
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$7,406
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$161,183
Expenses. Total of all expenses incurred2011-12-31$376,060
Benefits paid (including direct rollovers)2011-12-31$368,005
Total plan assets at end of year2011-12-31$3,008,159
Total plan assets at beginning of year2011-12-31$3,223,036
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$68,825
Other income received2011-12-31$-19,999
Net income (gross income less expenses)2011-12-31$-214,877
Net plan assets at end of year (total assets less liabilities)2011-12-31$3,008,159
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$3,223,036
Total contributions received or receivable from employer(s)2011-12-31$112,357
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$8,055
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$493,900
Expenses. Total of all expenses incurred2010-12-31$93,454
Benefits paid (including direct rollovers)2010-12-31$91,404
Total plan assets at end of year2010-12-31$3,223,036
Total plan assets at beginning of year2010-12-31$2,822,590
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$90,453
Other income received2010-12-31$330,258
Net income (gross income less expenses)2010-12-31$400,446
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,223,036
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,822,590
Total contributions received or receivable from employer(s)2010-12-31$73,189
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$2,050
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING 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 SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN

2016: SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING 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 – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING 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 – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING 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: SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING 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: SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING 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: SOUTHERN PRECISION SPRING CO., INC. 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number7-05301
Policy instance 1

Potentially related plans

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