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HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameHI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

HI-TECH FABRICATION, 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.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

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

Company Name:HI-TECH FABRICATION, INC.
Employer identification number (EIN):561431753
NAIC Classification:332300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-08-01KEVIN SOOK2017-11-08 KEVIN SOOK2017-11-08
0012016-08-01KEVIN SOOK2017-08-24
0012015-08-01KEVIN SOOK KEVIN SOOK2017-05-12
0012014-08-01KEVIN SOOK KEVIN SOOK2016-02-29
0012013-08-01KEVIN SOOK KEVIN SOOK2015-11-16
0012012-08-01KEVIN SOOK2014-02-04
0012011-08-01KEVIN SOOK2012-12-12
0012010-08-01KEVIN SOOK2011-12-15

Plan Statistics for HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2015: HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-08-01121
Total number of active participants reported on line 7a of the Form 55002015-08-0186
Number of retired or separated participants receiving benefits2015-08-010
Number of other retired or separated participants entitled to future benefits2015-08-010
Total of all active and inactive participants2015-08-0186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-08-010
Total participants2015-08-0186
Number of participants with account balances2015-08-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-08-018
2014: HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-08-01112
Total number of active participants reported on line 7a of the Form 55002014-08-01106
Number of retired or separated participants receiving benefits2014-08-010
Total of all active and inactive participants2014-08-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-08-019
Total participants2014-08-01115
Number of participants with account balances2014-08-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-08-0112
2013: HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-08-01129
Total number of active participants reported on line 7a of the Form 55002013-08-0195
Number of retired or separated participants receiving benefits2013-08-014
Number of other retired or separated participants entitled to future benefits2013-08-0113
Total of all active and inactive participants2013-08-01112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-08-010
Total participants2013-08-01112
Number of participants with account balances2013-08-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-08-0123

Financial Data on HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2016 : HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-07-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-07-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-07-31$0
Total income from all sources (including contributions)2016-07-31$171,340
Total loss/gain on sale of assets2016-07-31$0
Total of all expenses incurred2016-07-31$504,939
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-07-31$504,939
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-07-31$194,533
Value of total assets at end of year2016-07-31$2,493,725
Value of total assets at beginning of year2016-07-31$2,827,324
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-07-31$0
Total interest from all sources2016-07-31$4,368
Total dividends received (eg from common stock, registered investment company shares)2016-07-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-07-31No
Was this plan covered by a fidelity bond2016-07-31Yes
Value of fidelity bond cover2016-07-31$300,000
If this is an individual account plan, was there a blackout period2016-07-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-07-31$0
Were there any nonexempt tranactions with any party-in-interest2016-07-31No
Contributions received from participants2016-07-31$123,434
Participant contributions at end of year2016-07-31$77,423
Participant contributions at beginning of year2016-07-31$103,889
Participant contributions at end of year2016-07-31$4,235
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-07-31$2,169
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-07-31$39,030
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-07-31No
Value of net income/loss2016-07-31$-333,599
Value of net assets at end of year (total assets less liabilities)2016-07-31$2,493,725
Value of net assets at beginning of year (total assets less liabilities)2016-07-31$2,827,324
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-07-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-07-31No
Were any leases to which the plan was party in default or uncollectible2016-07-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-07-31$2,386,726
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-07-31$2,535,326
Interest on participant loans2016-07-31$4,368
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-07-31$127,510
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-07-31$127,510
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-07-31$20,354
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-07-31$21,569
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-07-31$-27,561
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-07-31No
Was there a failure to transmit to the plan any participant contributions2016-07-31No
Has the plan failed to provide any benefit when due under the plan2016-07-31No
Contributions received in cash from employer2016-07-31$71,099
Employer contributions (assets) at end of year2016-07-31$2,818
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-07-31$504,939
Did the plan have assets held for investment2016-07-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-07-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-07-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-07-31Yes
Opinion of an independent qualified public accountant for this plan2016-07-31Disclaimer
Accountancy firm name2016-07-31TURLINGTON AND COMPANY, LLP
Accountancy firm EIN2016-07-31560817345
2015 : HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-07-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-07-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-07-31$0
Total income from all sources (including contributions)2015-07-31$334,703
Total loss/gain on sale of assets2015-07-31$0
Total of all expenses incurred2015-07-31$47,730
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-07-31$42,555
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-07-31$207,951
Value of total assets at end of year2015-07-31$2,827,324
Value of total assets at beginning of year2015-07-31$2,540,351
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-07-31$5,175
Total interest from all sources2015-07-31$4,116
Total dividends received (eg from common stock, registered investment company shares)2015-07-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-07-31No
Was this plan covered by a fidelity bond2015-07-31Yes
Value of fidelity bond cover2015-07-31$300,000
If this is an individual account plan, was there a blackout period2015-07-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-07-31$0
Were there any nonexempt tranactions with any party-in-interest2015-07-31No
Contributions received from participants2015-07-31$126,777
Participant contributions at end of year2015-07-31$103,889
Participant contributions at beginning of year2015-07-31$93,960
Income. Received or receivable in cash from other sources (including rollovers)2015-07-31$1,906
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-07-31$39,030
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-07-31$22,820
Other income not declared elsewhere2015-07-31$502
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-07-31No
Value of net income/loss2015-07-31$286,973
Value of net assets at end of year (total assets less liabilities)2015-07-31$2,827,324
Value of net assets at beginning of year (total assets less liabilities)2015-07-31$2,540,351
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-07-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-07-31No
Were any leases to which the plan was party in default or uncollectible2015-07-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-07-31$2,535,326
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-07-31$2,273,481
Interest on participant loans2015-07-31$4,116
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-07-31$127,510
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-07-31$124,189
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-07-31$124,189
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-07-31$21,569
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-07-31$25,901
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-07-31$122,134
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-07-31No
Was there a failure to transmit to the plan any participant contributions2015-07-31No
Has the plan failed to provide any benefit when due under the plan2015-07-31No
Contributions received in cash from employer2015-07-31$79,268
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-07-31$42,555
Contract administrator fees2015-07-31$5,175
Did the plan have assets held for investment2015-07-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-07-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-07-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-07-31Yes
Opinion of an independent qualified public accountant for this plan2015-07-31Disclaimer
Accountancy firm name2015-07-31TURLINGTON AND COMPANY, LLP
Accountancy firm EIN2015-07-31560817345
2014 : HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-07-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-07-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-07-31$0
Total income from all sources (including contributions)2014-07-31$478,657
Total loss/gain on sale of assets2014-07-31$0
Total of all expenses incurred2014-07-31$129,944
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-07-31$126,120
Expenses. Certain deemed distributions of participant loans2014-07-31$0
Value of total corrective distributions2014-07-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-07-31$232,192
Value of total assets at end of year2014-07-31$2,540,351
Value of total assets at beginning of year2014-07-31$2,191,638
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-07-31$3,824
Total interest from all sources2014-07-31$3,006
Total dividends received (eg from common stock, registered investment company shares)2014-07-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-07-31No
Was this plan covered by a fidelity bond2014-07-31Yes
Value of fidelity bond cover2014-07-31$250,000
If this is an individual account plan, was there a blackout period2014-07-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-07-31$0
Were there any nonexempt tranactions with any party-in-interest2014-07-31No
Contributions received from participants2014-07-31$122,413
Participant contributions at end of year2014-07-31$93,960
Participant contributions at beginning of year2014-07-31$98,542
Income. Received or receivable in cash from other sources (including rollovers)2014-07-31$22,820
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-07-31$22,820
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-07-31No
Value of net income/loss2014-07-31$348,713
Value of net assets at end of year (total assets less liabilities)2014-07-31$2,540,351
Value of net assets at beginning of year (total assets less liabilities)2014-07-31$2,191,638
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-07-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-07-31No
Were any leases to which the plan was party in default or uncollectible2014-07-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-07-31$2,273,481
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-07-31$1,933,118
Interest on participant loans2014-07-31$3,006
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-07-31$124,189
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-07-31$123,812
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-07-31$123,812
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-07-31$25,901
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-07-31$36,166
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-07-31$243,459
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-07-31No
Was there a failure to transmit to the plan any participant contributions2014-07-31No
Has the plan failed to provide any benefit when due under the plan2014-07-31No
Contributions received in cash from employer2014-07-31$86,959
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-07-31$126,120
Contract administrator fees2014-07-31$3,824
Did the plan have assets held for investment2014-07-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-07-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-07-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-07-31Yes
Opinion of an independent qualified public accountant for this plan2014-07-31Disclaimer
Accountancy firm name2014-07-31TURLINGTON & CO
Accountancy firm EIN2014-07-31560817345

Form 5500 Responses for HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN

2015: HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-08-01Type of plan entitySingle employer plan
2015-08-01Submission has been amendedNo
2015-08-01This submission is the final filingNo
2015-08-01This return/report is a short plan year return/report (less than 12 months)No
2015-08-01Plan is a collectively bargained planNo
2015-08-01Plan funding arrangement – InsuranceYes
2015-08-01Plan funding arrangement – TrustYes
2015-08-01Plan benefit arrangement – InsuranceYes
2015-08-01Plan benefit arrangement - TrustYes
2014: HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-08-01Type of plan entitySingle employer plan
2014-08-01Submission has been amendedNo
2014-08-01This submission is the final filingNo
2014-08-01This return/report is a short plan year return/report (less than 12 months)No
2014-08-01Plan is a collectively bargained planNo
2014-08-01Plan funding arrangement – InsuranceYes
2014-08-01Plan funding arrangement – TrustYes
2014-08-01Plan benefit arrangement – InsuranceYes
2014-08-01Plan benefit arrangement - TrustYes
2013: HI-TECH FABRICATION, INC. 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-08-01Type of plan entitySingle employer plan
2013-08-01Submission has been amendedNo
2013-08-01This submission is the final filingNo
2013-08-01This return/report is a short plan year return/report (less than 12 months)No
2013-08-01Plan is a collectively bargained planNo
2013-08-01Plan funding arrangement – InsuranceYes
2013-08-01Plan funding arrangement – TrustYes
2013-08-01Plan benefit arrangement – InsuranceYes
2013-08-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number06380547
Policy instance 1
Insurance contract or identification number06380547
Number of Individuals Covered119
Insurance policy start date2014-08-01
Insurance policy end date2015-07-31
Total amount of commissions paid to insurance brokerUSD $95
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?No
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?Yes
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
Commission paid to Insurance BrokerUSD $95
Insurance broker organization code?7
Insurance broker nameSCOTT ETHRIDGE
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number06380547
Policy instance 1
Insurance contract or identification number06380547
Number of Individuals Covered112
Insurance policy start date2013-08-01
Insurance policy end date2014-07-31
Total amount of commissions paid to insurance brokerUSD $151
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?No
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?Yes
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
Commission paid to Insurance BrokerUSD $151
Insurance broker organization code?7
Insurance broker nameSCOTT ETHRIDGE

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