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SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameSOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

SOUTHERN MANUFACTURING TECHNOLOGIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTHERN MANUFACTURING TECHNOLOGIES, INC.
Employer identification number (EIN):592263209
NAIC Classification:332700

Additional information about SOUTHERN MANUFACTURING TECHNOLOGIES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1983-03-03
Company Identification Number: G26307
Legal Registered Office Address: 5910 JOHNS ROAD

TAMPA

33634

More information about SOUTHERN MANUFACTURING TECHNOLOGIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ROY SWEATMAN2023-06-05
0012021-01-01ROY SWEATMAN2022-07-15
0012020-01-01ROY SWEATMAN2021-07-23
0012019-01-01ROY SWEATMAN2020-06-01
0012018-01-01ROY SWEATMAN2019-05-16
0012017-01-01ROY SWEATMAN2018-07-10
0012016-01-01ROY SWEATMAN2017-07-20
0012015-01-01ROY SWEATMAN2016-07-27
0012014-01-01ROY SWEATMAN2015-07-23
0012013-01-01ROY SWEATMAN
0012012-01-01ROY SWEATMAN
0012011-01-01ROY SWEATMAN
0012009-01-01ROY SWEATMAN ROY SWEATMAN2010-07-28

Plan Statistics for SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2013: SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0191
Total number of active participants reported on line 7a of the Form 55002013-01-0196
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-015
Total of all active and inactive participants2013-01-01101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01101
Number of participants with account balances2013-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0195
Total number of active participants reported on line 7a of the Form 55002012-01-0186
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-014
Total of all active and inactive participants2012-01-0190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0190
Number of participants with account balances2012-01-0164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0192
Total number of active participants reported on line 7a of the Form 55002011-01-0179
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-016
Total of all active and inactive participants2011-01-0185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0185
Number of participants with account balances2011-01-0160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
2009: SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01106
Total number of active participants reported on line 7a of the Form 55002009-01-0194
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0199
Number of participants with account balances2009-01-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2013 : SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$369,018
Expenses. Total of all expenses incurred2013-12-31$265,291
Benefits paid (including direct rollovers)2013-12-31$252,132
Total plan assets at end of year2013-12-31$1,563,022
Total plan assets at beginning of year2013-12-31$1,459,295
Value of fidelity bond covering the plan2013-12-31$200,000
Total contributions received or receivable from participants2013-12-31$159,316
Expenses. Other expenses not covered elsewhere2013-12-31$1,630
Other income received2013-12-31$178,358
Net income (gross income less expenses)2013-12-31$103,727
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,563,022
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,459,295
Assets. Value of participant loans2013-12-31$1,764
Total contributions received or receivable from employer(s)2013-12-31$31,344
Value of corrective distributions2013-12-31$10,353
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$1,176
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$302,296
Expenses. Total of all expenses incurred2012-12-31$83,239
Benefits paid (including direct rollovers)2012-12-31$73,904
Total plan assets at end of year2012-12-31$1,459,295
Total plan assets at beginning of year2012-12-31$1,240,238
Value of fidelity bond covering the plan2012-12-31$200,000
Total contributions received or receivable from participants2012-12-31$157,711
Other income received2012-12-31$115,415
Net income (gross income less expenses)2012-12-31$219,057
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,459,295
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,240,238
Assets. Value of participant loans2012-12-31$1,386
Total contributions received or receivable from employer(s)2012-12-31$29,170
Value of corrective distributions2012-12-31$7,811
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,524
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$176,085
Expenses. Total of all expenses incurred2011-12-31$19,956
Benefits paid (including direct rollovers)2011-12-31$8,617
Total plan assets at end of year2011-12-31$1,240,238
Total plan assets at beginning of year2011-12-31$1,084,109
Value of fidelity bond covering the plan2011-12-31$200,000
Total contributions received or receivable from participants2011-12-31$134,344
Contributions received from other sources (not participants or employers)2011-12-31$25,557
Other income received2011-12-31$-8,267
Net income (gross income less expenses)2011-12-31$156,129
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,240,238
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,084,109
Assets. Value of participant loans2011-12-31$2,894
Total contributions received or receivable from employer(s)2011-12-31$24,451
Value of certain deemed distributions of participant loans2011-12-31$1
Value of corrective distributions2011-12-31$10,133
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,205
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : SOUTHERN MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$216,333
Expenses. Total of all expenses incurred2010-12-31$161,155
Benefits paid (including direct rollovers)2010-12-31$139,895
Total plan assets at end of year2010-12-31$1,084,109
Total plan assets at beginning of year2010-12-31$1,028,931
Value of fidelity bond covering the plan2010-12-31$200,000
Total contributions received or receivable from participants2010-12-31$109,844
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$86,565
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$55,178
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,084,109
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,028,931
Assets. Value of participant loans2010-12-31$5,813
Total contributions received or receivable from employer(s)2010-12-31$19,924
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$18,472
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$2,788
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : SOUTHERN MANUFACTURING TECHNOLOGIES, 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 MANUFACTURING TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

2013: SOUTHERN MANUFACTURING TECHNOLOGIES, 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 MANUFACTURING TECHNOLOGIES, 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 MANUFACTURING TECHNOLOGIES, 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 MANUFACTURING TECHNOLOGIES, 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 benefit arrangement – InsuranceYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number94581
Policy instance 1
Insurance contract or identification number94581
Number of Individuals Covered78
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $4,627
Total amount of fees paid to insurance companyUSD $475
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?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,854
Insurance broker organization code?3
Amount paid for insurance broker fees475
Additional information about fees paid to insurance brokerSALES/ADMINISTRATION
Insurance broker nameVANGUARD GROUP, INC.
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number94581
Policy instance 1
Insurance contract or identification number94581
Number of Individuals Covered72
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $3,356
Total amount of fees paid to insurance companyUSD $1,323
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?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,356
Insurance broker organization code?3
Amount paid for insurance broker fees1323
Additional information about fees paid to insurance brokerSALES/ADMINISTRATION
Insurance broker nameVANGUARD GROUP, INC.
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number94581
Policy instance 1
Insurance contract or identification number94581
Number of Individuals Covered80
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $2,887
Total amount of fees paid to insurance companyUSD $1,021
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?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number94581
Policy instance 1
Insurance contract or identification number94581
Number of Individuals Covered81
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $11,580
Total amount of fees paid to insurance companyUSD $3,948
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $11,580
Insurance broker organization code?3
Amount paid for insurance broker fees3946
Additional information about fees paid to insurance brokerSALES/ADMINISTRATION
Insurance broker nameBLACKROCK INVESTMENT MANAGEMENT,LLC

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