MATRIX COMPOSITES, INC. PROFIT SHARING PLAN 401k Plan overview
| Plan Name | MATRIX COMPOSITES, INC. PROFIT SHARING PLAN |
| Plan identification number | 001 |
MATRIX COMPOSITES, INC. PROFIT SHARING PLAN Benefits
| 401k Plan Type | Defined 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
- 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.
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401k Sponsoring company profile
MATRIX COMPOSITES, INC. has sponsored the creation of one or more 401k plans.
Additional information about MATRIX COMPOSITES, INC.
| Jurisdiction of Incorporation: | Florida Department of State Division of Corporations |
| Incorporation Date: | 1993-08-23 |
| Company Identification Number: | P93000060105 |
| Legal Registered Office Address: |
1200 S PINE ISLAND RD
PLANTATION
33324
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More information about MATRIX COMPOSITES, INC.
Form 5500 Filing Information
Submission information for form 5500 for 401k plan MATRIX COMPOSITES, INC. PROFIT SHARING PLAN
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|
| 001 | 2022-01-01 | BRET MERCER | 2023-04-25 | | |
| 001 | 2021-01-01 | BRET MERCER | 2022-10-12 | | |
| 001 | 2020-01-01 | | | | |
| 001 | 2019-01-01 | | | | |
| 001 | 2018-01-01 | | | | |
| 001 | 2017-01-01 | | | | |
| 001 | 2016-01-01 | | | | |
| 001 | 2015-01-01 | | | | |
| 001 | 2014-01-01 | DANIEL BURDEN | 2015-08-31 | | |
| 001 | 2013-01-01 | DANIEL BURDEN | 2014-10-07 | | |
| 001 | 2012-01-01 | DAVID NESBITT | 2013-10-14 | | |
| 001 | 2011-01-01 | DAVID NESBITT | 2012-10-02 | | |
| 001 | 2010-01-01 | ROBERT KEMPER | 2011-09-23 | | |
Plan Statistics for MATRIX COMPOSITES, INC. PROFIT SHARING PLAN
401k plan membership statisitcs for MATRIX COMPOSITES, INC. PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2022: MATRIX COMPOSITES, INC. PROFIT SHARING PLAN 2022 401k membership |
|---|
| Total number of particpants at beginning of year | 2022-10-12 | 78 |
| Total number of particpants at end of year | 2022-10-12 | 25 |
| Number of Participants With Account Balances | 2022-10-12 | 25 |
Financial Data on MATRIX COMPOSITES, INC. PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2022 : MATRIX COMPOSITES, INC. PROFIT SHARING PLAN 2022 401k financial data |
|---|
| Total liabilities as of the end of the plan year | 2022-10-12 | 0 |
| Total liabilities as of the beginning of the plan year | 2022-10-12 | 0 |
| Total expenses incurred by plan in this plan year | 2022-10-12 | 196105 |
| Net assets as of the end of the plan year | 2022-10-12 | 1789759 |
| Total assets as of the beginning of the plan year | 2022-10-12 | 1510652 |
| Value of plan covered by a fidelity bond | 2022-10-12 | 175000 |
| Participant contributions to plan in this plan year | 2022-10-12 | 115869 |
| Other expenses paid from plan in this plan year | 2022-10-12 | 3245 |
| Other contributions to plan in this plan year | 2022-10-12 | 154067 |
| Other income to plan in this plan year | 2022-10-12 | 151848 |
| Plan net income in this plan year | 2022-10-12 | 279107 |
| Net assets as of the end of the plan year | 2022-10-12 | 1789759 |
| Net assets as of the beginning of the plan year | 2022-10-12 | 1510652 |
| Employer contributions to plan in this plan year | 2022-10-12 | 53428 |
| Fees paid to broker by Benefit Provider | 2022-10-12 | 11474 |
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