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WAYMATIC, INC. PENSION PLAN AND TRUST 401k Plan overview

Plan NameWAYMATIC, INC. PENSION PLAN AND TRUST
Plan identification number 001

WAYMATIC, INC. PENSION PLAN AND TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

WAYMATIC, INC. has sponsored the creation of one or more 401k plans.

Company Name:WAYMATIC, INC.
Employer identification number (EIN):620728433
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WAYMATIC, INC. PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-09-01MICHAEL EASTERWOOD
0012015-09-01MICHAEL EASTERWOOD
0012014-09-01MICHAEL EASTERWOOD
0012013-09-01MICHAEL EASTERWOOD
0012012-09-01MICHAEL EASTERWOOD
0012011-09-01MICHAEL EASTERWOOD
0012010-09-01MICHAEL EASTERWOOD2011-10-28

Plan Statistics for WAYMATIC, INC. PENSION PLAN AND TRUST

401k plan membership statisitcs for WAYMATIC, INC. PENSION PLAN AND TRUST

Measure Date Value
2017: WAYMATIC, INC. PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-04-06783,788
Acturial value of plan assets2017-04-06783,788
Funding target for retired participants and beneficiaries receiving payment2017-04-060
Number of terminated vested participants2017-04-069
Fundng target for terminated vested participants2017-04-061,914
Active participant vested funding target2017-04-06535,776
Number of active participants2017-04-0624
Total funding liabilities for active participants2017-04-06535,776
Total participant count2017-04-0633
Total funding target for all participants2017-04-06537,690
Balance at beginning of prior year after applicable adjustments2017-04-06111,001
Prefunding balance at beginning of prior year after applicable adjustments2017-04-060
Carryover balanced portion elected for use to offset prior years funding requirement2017-04-060
Prefunding balanced used to offset prior years funding requirement2017-04-060
Amount remaining of carryover balance2017-04-06111,001
Amount remaining of prefunding balance2017-04-060
Present value of excess contributions2017-04-06139,279
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-04-06148,095
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-04-060
Reductions in caryover balances due to elections or deemed elections2017-04-060
Reductions in prefunding balances due to elections or deemed elections2017-04-060
Balance of carryovers at beginning of current year2017-04-06114,875
Balance of prefunding at beginning of current year2017-04-060
Total employer contributions2017-04-060
Total employee contributions2017-04-060
Contributions allocated toward unpaid minimum require contributions from prior years2017-04-060
Contributions made to avoid restrictions adjusted to valuation date2017-04-060
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-04-060
Unpaid minimum required contributions for all prior years2017-04-060
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-04-060
Remaining amount of unpaid minimum required contributions2017-04-060
Minimum required contributions for current year target normal cost2017-04-065,123
Net shortfall amortization installment of oustanding balance2017-04-060
Waiver amortization installment2017-04-060
Total funding amount beforereflecting carryover/prefunding balances2017-04-060
Additional cash requirement2017-04-060
Contributions allocatedtoward minimum required contributions for current year2017-04-060
Unpaid minimum required contributions for current year2017-04-060
Unpaid minimum required contributions for all years2017-04-060
2016: WAYMATIC, INC. PENSION PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year2016-09-0133
Total number of active participants reported on line 7a of the Form 55002016-09-010
Number of retired or separated participants receiving benefits2016-09-010
Number of other retired or separated participants entitled to future benefits2016-09-010
Total of all active and inactive participants2016-09-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-09-010
Total participants2016-09-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-09-010
2015: WAYMATIC, INC. PENSION PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year2015-09-0133
Total number of active participants reported on line 7a of the Form 55002015-09-0124
Number of retired or separated participants receiving benefits2015-09-010
Number of other retired or separated participants entitled to future benefits2015-09-019
Total of all active and inactive participants2015-09-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-09-010
Total participants2015-09-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-09-010
2014: WAYMATIC, INC. PENSION PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year2014-09-0133
Total number of active participants reported on line 7a of the Form 55002014-09-0124
Number of retired or separated participants receiving benefits2014-09-010
Number of other retired or separated participants entitled to future benefits2014-09-019
Total of all active and inactive participants2014-09-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-09-010
Total participants2014-09-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-09-010
2013: WAYMATIC, INC. PENSION PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year2013-09-0135
Total number of active participants reported on line 7a of the Form 55002013-09-0124
Number of retired or separated participants receiving benefits2013-09-010
Number of other retired or separated participants entitled to future benefits2013-09-019
Total of all active and inactive participants2013-09-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-09-010
Total participants2013-09-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-09-010
2012: WAYMATIC, INC. PENSION PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year2012-09-0138
Total number of active participants reported on line 7a of the Form 55002012-09-0127
Number of retired or separated participants receiving benefits2012-09-010
Number of other retired or separated participants entitled to future benefits2012-09-018
Total of all active and inactive participants2012-09-0135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-09-010
Total participants2012-09-0135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-09-010
2011: WAYMATIC, INC. PENSION PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-09-0140
Total number of active participants reported on line 7a of the Form 55002011-09-0129
Number of retired or separated participants receiving benefits2011-09-010
Number of other retired or separated participants entitled to future benefits2011-09-019
Total of all active and inactive participants2011-09-0138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-09-010
Total participants2011-09-0138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-09-010

Financial Data on WAYMATIC, INC. PENSION PLAN AND TRUST

Measure Date Value
2017 : WAYMATIC, INC. PENSION PLAN AND TRUST 2017 401k financial data
Transfers to/from the plan2017-04-06$0
Total plan liabilities at end of year2017-04-06$0
Total plan liabilities at beginning of year2017-04-06$0
Total income from all sources2017-04-06$27,364
Expenses. Total of all expenses incurred2017-04-06$813,032
Benefits paid (including direct rollovers)2017-04-06$813,016
Total plan assets at end of year2017-04-06$0
Total plan assets at beginning of year2017-04-06$785,668
Value of fidelity bond covering the plan2017-04-06$300,000
Total contributions received or receivable from participants2017-04-06$0
Expenses. Other expenses not covered elsewhere2017-04-06$16
Contributions received from other sources (not participants or employers)2017-04-06$0
Other income received2017-04-06$27,364
Noncash contributions received2017-04-06$0
Net income (gross income less expenses)2017-04-06$-785,668
Net plan assets at end of year (total assets less liabilities)2017-04-06$0
Net plan assets at beginning of year (total assets less liabilities)2017-04-06$785,668
Total contributions received or receivable from employer(s)2017-04-06$0
Value of certain deemed distributions of participant loans2017-04-06$0
Value of corrective distributions2017-04-06$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-04-06$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-04-06$0
2016 : WAYMATIC, INC. PENSION PLAN AND TRUST 2016 401k financial data
Transfers to/from the plan2016-08-31$0
Total plan liabilities at end of year2016-08-31$0
Total plan liabilities at beginning of year2016-08-31$0
Total income from all sources2016-08-31$175,898
Expenses. Total of all expenses incurred2016-08-31$308,546
Benefits paid (including direct rollovers)2016-08-31$308,546
Total plan assets at end of year2016-08-31$785,668
Total plan assets at beginning of year2016-08-31$918,316
Value of fidelity bond covering the plan2016-08-31$300,000
Total contributions received or receivable from participants2016-08-31$0
Expenses. Other expenses not covered elsewhere2016-08-31$0
Contributions received from other sources (not participants or employers)2016-08-31$0
Other income received2016-08-31$25,898
Noncash contributions received2016-08-31$0
Net income (gross income less expenses)2016-08-31$-132,648
Net plan assets at end of year (total assets less liabilities)2016-08-31$785,668
Net plan assets at beginning of year (total assets less liabilities)2016-08-31$918,316
Total contributions received or receivable from employer(s)2016-08-31$150,000
Value of certain deemed distributions of participant loans2016-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-08-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-08-31$0
2015 : WAYMATIC, INC. PENSION PLAN AND TRUST 2015 401k financial data
Total plan liabilities at end of year2015-08-31$0
Total plan liabilities at beginning of year2015-08-31$0
Total income from all sources2015-08-31$146,426
Expenses. Total of all expenses incurred2015-08-31$0
Benefits paid (including direct rollovers)2015-08-31$0
Total plan assets at end of year2015-08-31$918,316
Total plan assets at beginning of year2015-08-31$771,890
Value of fidelity bond covering the plan2015-08-31$300,000
Total contributions received or receivable from participants2015-08-31$0
Expenses. Other expenses not covered elsewhere2015-08-31$0
Contributions received from other sources (not participants or employers)2015-08-31$0
Other income received2015-08-31$-3,574
Noncash contributions received2015-08-31$0
Net income (gross income less expenses)2015-08-31$146,426
Net plan assets at end of year (total assets less liabilities)2015-08-31$918,316
Net plan assets at beginning of year (total assets less liabilities)2015-08-31$771,890
Total contributions received or receivable from employer(s)2015-08-31$150,000
Value of certain deemed distributions of participant loans2015-08-31$0
Value of corrective distributions2015-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-08-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-08-31$0
2014 : WAYMATIC, INC. PENSION PLAN AND TRUST 2014 401k financial data
Total plan liabilities at end of year2014-08-31$0
Total plan liabilities at beginning of year2014-08-31$0
Total income from all sources2014-08-31$152,758
Expenses. Total of all expenses incurred2014-08-31$141,836
Benefits paid (including direct rollovers)2014-08-31$136,714
Total plan assets at end of year2014-08-31$771,890
Total plan assets at beginning of year2014-08-31$760,968
Value of fidelity bond covering the plan2014-08-31$300,000
Total contributions received or receivable from participants2014-08-31$0
Expenses. Other expenses not covered elsewhere2014-08-31$5,122
Contributions received from other sources (not participants or employers)2014-08-31$0
Other income received2014-08-31$124,507
Noncash contributions received2014-08-31$0
Net income (gross income less expenses)2014-08-31$10,922
Net plan assets at end of year (total assets less liabilities)2014-08-31$771,890
Net plan assets at beginning of year (total assets less liabilities)2014-08-31$760,968
Total contributions received or receivable from employer(s)2014-08-31$28,251
Value of certain deemed distributions of participant loans2014-08-31$0
Value of corrective distributions2014-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-08-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-08-31$0
2013 : WAYMATIC, INC. PENSION PLAN AND TRUST 2013 401k financial data
Total plan liabilities at end of year2013-08-31$0
Total plan liabilities at beginning of year2013-08-31$0
Total income from all sources2013-08-31$46,679
Expenses. Total of all expenses incurred2013-08-31$63,371
Benefits paid (including direct rollovers)2013-08-31$56,141
Total plan assets at end of year2013-08-31$760,968
Total plan assets at beginning of year2013-08-31$777,660
Value of fidelity bond covering the plan2013-08-31$300,000
Total contributions received or receivable from participants2013-08-31$0
Expenses. Other expenses not covered elsewhere2013-08-31$0
Contributions received from other sources (not participants or employers)2013-08-31$0
Other income received2013-08-31$-3,321
Noncash contributions received2013-08-31$0
Net income (gross income less expenses)2013-08-31$-16,692
Net plan assets at end of year (total assets less liabilities)2013-08-31$760,968
Net plan assets at beginning of year (total assets less liabilities)2013-08-31$777,660
Total contributions received or receivable from employer(s)2013-08-31$50,000
Value of certain deemed distributions of participant loans2013-08-31$0
Value of corrective distributions2013-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-08-31$7,230
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-08-31$0
2012 : WAYMATIC, INC. PENSION PLAN AND TRUST 2012 401k financial data
Total plan liabilities at end of year2012-08-31$0
Total plan liabilities at beginning of year2012-08-31$0
Total income from all sources2012-08-31$56,809
Expenses. Total of all expenses incurred2012-08-31$47,678
Benefits paid (including direct rollovers)2012-08-31$45,566
Total plan assets at end of year2012-08-31$777,660
Total plan assets at beginning of year2012-08-31$768,529
Value of fidelity bond covering the plan2012-08-31$300,000
Total contributions received or receivable from participants2012-08-31$0
Expenses. Other expenses not covered elsewhere2012-08-31$0
Contributions received from other sources (not participants or employers)2012-08-31$0
Other income received2012-08-31$6,809
Noncash contributions received2012-08-31$0
Net income (gross income less expenses)2012-08-31$9,131
Net plan assets at end of year (total assets less liabilities)2012-08-31$777,660
Net plan assets at beginning of year (total assets less liabilities)2012-08-31$768,529
Total contributions received or receivable from employer(s)2012-08-31$50,000
Value of certain deemed distributions of participant loans2012-08-31$0
Value of corrective distributions2012-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-08-31$2,112
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-08-31$0

Form 5500 Responses for WAYMATIC, INC. PENSION PLAN AND TRUST

2016: WAYMATIC, INC. PENSION PLAN AND TRUST 2016 form 5500 responses
2016-09-01Type of plan entitySingle employer plan
2016-09-01Submission has been amendedNo
2016-09-01This submission is the final filingYes
2016-09-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-09-01Plan is a collectively bargained planNo
2016-09-01Plan funding arrangement – TrustYes
2016-09-01Plan benefit arrangement - TrustYes
2015: WAYMATIC, INC. PENSION PLAN AND TRUST 2015 form 5500 responses
2015-09-01Type of plan entitySingle employer plan
2015-09-01Submission has been amendedNo
2015-09-01This submission is the final filingNo
2015-09-01This return/report is a short plan year return/report (less than 12 months)No
2015-09-01Plan is a collectively bargained planNo
2015-09-01Plan funding arrangement – TrustYes
2015-09-01Plan benefit arrangement - TrustYes
2014: WAYMATIC, INC. PENSION PLAN AND TRUST 2014 form 5500 responses
2014-09-01Type of plan entitySingle employer plan
2014-09-01Submission has been amendedNo
2014-09-01This submission is the final filingNo
2014-09-01This return/report is a short plan year return/report (less than 12 months)No
2014-09-01Plan is a collectively bargained planNo
2014-09-01Plan funding arrangement – TrustYes
2014-09-01Plan benefit arrangement - TrustYes
2013: WAYMATIC, INC. PENSION PLAN AND TRUST 2013 form 5500 responses
2013-09-01Type of plan entitySingle employer plan
2013-09-01Submission has been amendedNo
2013-09-01This submission is the final filingNo
2013-09-01This return/report is a short plan year return/report (less than 12 months)No
2013-09-01Plan is a collectively bargained planNo
2013-09-01Plan funding arrangement – TrustYes
2013-09-01Plan benefit arrangement - TrustYes
2012: WAYMATIC, INC. PENSION PLAN AND TRUST 2012 form 5500 responses
2012-09-01Type of plan entitySingle employer plan
2012-09-01Submission has been amendedNo
2012-09-01This submission is the final filingNo
2012-09-01This return/report is a short plan year return/report (less than 12 months)No
2012-09-01Plan is a collectively bargained planNo
2012-09-01Plan funding arrangement – TrustYes
2012-09-01Plan benefit arrangement - TrustYes
2011: WAYMATIC, INC. PENSION PLAN AND TRUST 2011 form 5500 responses
2011-09-01Type of plan entitySingle employer plan
2011-09-01Submission has been amendedNo
2011-09-01This submission is the final filingNo
2011-09-01This return/report is a short plan year return/report (less than 12 months)No
2011-09-01Plan is a collectively bargained planNo
2011-09-01Plan funding arrangement – TrustYes
2011-09-01Plan benefit arrangement - TrustYes

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