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PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 401k Plan overview

Plan NamePEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN
Plan identification number 002

PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Life insurance

401k Sponsoring company profile

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

Company Name:PEARCE INDUSTRIES, INC.
Employer identification number (EIN):741892795
NAIC Classification:488990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01GARY PEARCE LOUIS M. PEARCE III2018-10-03
0022016-01-01GARY PEARCE LOUIS M. PEARCE III2017-10-13
0022015-01-01GARY PEARCE LOUIS M. PEARCE III2016-10-14
0022014-01-01GARY PEARCE LOUIS M. PEARCE III2015-09-29
0022013-01-01RICHARD BEAN LOUIS M. PEARCE III2014-10-13
0022012-01-01RICHARD BEAN LOUIS M. PEARCE III2013-10-04

Plan Statistics for PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN

401k plan membership statisitcs for PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN

Measure Date Value
2022: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01913
Total number of active participants reported on line 7a of the Form 55002022-01-01773
Number of retired or separated participants receiving benefits2022-01-0134
Number of other retired or separated participants entitled to future benefits2022-01-01149
Total of all active and inactive participants2022-01-01956
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01956
Number of participants with account balances2022-01-01825
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0197
2021: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01944
Total number of active participants reported on line 7a of the Form 55002021-01-01710
Number of retired or separated participants receiving benefits2021-01-0125
Number of other retired or separated participants entitled to future benefits2021-01-01159
Total of all active and inactive participants2021-01-01894
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0116
Total participants2021-01-01910
Number of participants with account balances2021-01-01802
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0127
2020: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011,007
Total number of active participants reported on line 7a of the Form 55002020-01-01701
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01228
Total of all active and inactive participants2020-01-01929
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-0115
Total participants2020-01-01944
Number of participants with account balances2020-01-01858
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-01115
2019: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011,007
Total number of active participants reported on line 7a of the Form 55002019-01-01787
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01206
Total of all active and inactive participants2019-01-01993
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0114
Total participants2019-01-011,007
Number of participants with account balances2019-01-01895
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0177
2018: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01987
Total number of active participants reported on line 7a of the Form 55002018-01-01767
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01223
Total of all active and inactive participants2018-01-01990
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-0117
Total participants2018-01-011,007
Number of participants with account balances2018-01-01817
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0149
2017: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-011,079
Total number of active participants reported on line 7a of the Form 55002017-01-01728
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01244
Total of all active and inactive participants2017-01-01972
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-0115
Total participants2017-01-01987
Number of participants with account balances2017-01-01812
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0159
2016: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-011,306
Total number of active participants reported on line 7a of the Form 55002016-01-01689
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01372
Total of all active and inactive participants2016-01-011,061
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-0118
Total participants2016-01-011,079
Number of participants with account balances2016-01-01965
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-01176
2015: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011,236
Total number of active participants reported on line 7a of the Form 55002015-01-011,132
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01158
Total of all active and inactive participants2015-01-011,290
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-0116
Total participants2015-01-011,306
Number of participants with account balances2015-01-011,108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0130
2014: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-011,197
Total number of active participants reported on line 7a of the Form 55002014-01-011,062
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01174
Total of all active and inactive participants2014-01-011,236
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-011,236
Number of participants with account balances2014-01-011,120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0130
2013: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-011,129
Total number of active participants reported on line 7a of the Form 55002013-01-011,037
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01160
Total of all active and inactive participants2013-01-011,197
Total participants2013-01-011,197
Number of participants with account balances2013-01-011,078
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0130
2012: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01953
Total number of active participants reported on line 7a of the Form 55002012-01-01995
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01134
Total of all active and inactive participants2012-01-011,129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-011,129
Number of participants with account balances2012-01-011,004
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0119

Financial Data on PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN

Measure Date Value
2022 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$0
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Expenses. Interest paid2022-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$0
Total income from all sources (including contributions)2022-12-31$-150,446
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$4,899,757
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$4,728,038
Expenses. Certain deemed distributions of participant loans2022-12-31$9,186
Value of total corrective distributions2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$6,527,377
Value of total assets at end of year2022-12-31$51,053,786
Value of total assets at beginning of year2022-12-31$56,103,989
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$162,533
Total income from rents2022-12-31$0
Total interest from all sources2022-12-31$43,209
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,020,691
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$1,020,691
Assets. Real estate other than employer real property at end of year2022-12-31$0
Assets. Real estate other than employer real property at beginning of year2022-12-31$0
Administrative expenses professional fees incurred2022-12-31$300
Assets. Corporate prefeered stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$2,500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$2,684,111
Participant contributions at end of year2022-12-31$935,873
Participant contributions at beginning of year2022-12-31$985,470
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Assets. Other investments not covered elsewhere at end of year2022-12-31$897,576
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$1,070,604
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$163,606
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Assets. Loans (other than to participants) at end of year2022-12-31$0
Assets. Loans (other than to participants) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$-235,104
Administrative expenses (other) incurred2022-12-31$0
Liabilities. Value of operating payables at end of year2022-12-31$0
Liabilities. Value of operating payables at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Income. Non cash contributions2022-12-31$0
Value of net income/loss2022-12-31$-5,050,203
Value of net assets at end of year (total assets less liabilities)2022-12-31$51,053,786
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$56,103,989
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$0
Assets. partnership/joint venture interests at beginning of year2022-12-31$0
Investment advisory and management fees2022-12-31$129,921
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$40,852,993
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$46,257,786
Value of interest in pooled separate accounts at end of year2022-12-31$0
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Interest on participant loans2022-12-31$43,209
Income. Interest from loans (other than to participants)2022-12-31$0
Interest earned on other investments2022-12-31$0
Income. Interest from US Government securities2022-12-31$0
Income. Interest from corporate debt instruments2022-12-31$0
Value of interest in master investment trust accounts at end of year2022-12-31$0
Value of interest in master investment trust accounts at beginning of year2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$5,231,203
Value of interest in common/collective trusts at beginning of year2022-12-31$6,756,113
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2022-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$0
Asset value of US Government securities at end of year2022-12-31$0
Asset value of US Government securities at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-7,493,349
Net investment gain/loss from pooled separate accounts2022-12-31$0
Net investment gain or loss from common/collective trusts2022-12-31$-13,270
Net gain/loss from 103.12 investment entities2022-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$0
Assets. Invements in employer securities at beginning of year2022-12-31$0
Assets. Value of employer real property at end of year2022-12-31$0
Assets. Value of employer real property at beginning of year2022-12-31$0
Contributions received in cash from employer2022-12-31$3,679,660
Employer contributions (assets) at end of year2022-12-31$3,136,141
Employer contributions (assets) at beginning of year2022-12-31$1,034,016
Income. Dividends from preferred stock2022-12-31$0
Income. Dividends from common stock2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$4,728,038
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$0
Contract administrator fees2022-12-31$32,312
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$0
Liabilities. Value of benefit claims payable at end of year2022-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$0
Aggregate carrying amount (costs) on sale of assets2022-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2022-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2022-12-31$0
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MELTON & MELTON, LLP
Accountancy firm EIN2022-12-31741550819
2021 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2021 401k financial data
Unrealized appreciation/depreciation of real estate assets2021-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$0
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$0
Total transfer of assets from this plan2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Expenses. Interest paid2021-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$0
Total income from all sources (including contributions)2021-12-31$9,444,981
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$6,920,964
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$6,795,725
Expenses. Certain deemed distributions of participant loans2021-12-31$0
Value of total corrective distributions2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,797,614
Value of total assets at end of year2021-12-31$56,103,989
Value of total assets at beginning of year2021-12-31$53,579,972
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$125,239
Total income from rents2021-12-31$0
Total interest from all sources2021-12-31$50,911
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$950,173
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$950,173
Assets. Real estate other than employer real property at end of year2021-12-31$0
Assets. Real estate other than employer real property at beginning of year2021-12-31$0
Administrative expenses professional fees incurred2021-12-31$125,239
Assets. Corporate prefeered stocks other than exployer securities at end of year2021-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$2,500,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,354,045
Participant contributions at end of year2021-12-31$985,470
Participant contributions at beginning of year2021-12-31$1,078,554
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Assets. Other investments not covered elsewhere at end of year2021-12-31$1,070,604
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$984,540
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Assets. Loans (other than to participants) at end of year2021-12-31$0
Assets. Loans (other than to participants) at beginning of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$0
Other income not declared elsewhere2021-12-31$1,799,900
Administrative expenses (other) incurred2021-12-31$0
Liabilities. Value of operating payables at end of year2021-12-31$0
Liabilities. Value of operating payables at beginning of year2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Income. Non cash contributions2021-12-31$0
Value of net income/loss2021-12-31$2,524,017
Value of net assets at end of year (total assets less liabilities)2021-12-31$56,103,989
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$53,579,972
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Assets. partnership/joint venture interests at end of year2021-12-31$0
Assets. partnership/joint venture interests at beginning of year2021-12-31$0
Investment advisory and management fees2021-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$46,257,786
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$46,014,164
Value of interest in pooled separate accounts at end of year2021-12-31$0
Value of interest in pooled separate accounts at beginning of year2021-12-31$0
Interest on participant loans2021-12-31$50,911
Income. Interest from loans (other than to participants)2021-12-31$0
Interest earned on other investments2021-12-31$0
Income. Interest from US Government securities2021-12-31$0
Income. Interest from corporate debt instruments2021-12-31$0
Value of interest in master investment trust accounts at end of year2021-12-31$0
Value of interest in master investment trust accounts at beginning of year2021-12-31$0
Value of interest in common/collective trusts at end of year2021-12-31$6,756,113
Value of interest in common/collective trusts at beginning of year2021-12-31$4,043,677
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$1,202,348
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$1,202,348
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2021-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Asset value of US Government securities at end of year2021-12-31$0
Asset value of US Government securities at beginning of year2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,651,195
Net investment gain/loss from pooled separate accounts2021-12-31$0
Net investment gain or loss from common/collective trusts2021-12-31$195,188
Net gain/loss from 103.12 investment entities2021-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$0
Assets. Invements in employer securities at beginning of year2021-12-31$0
Assets. Value of employer real property at end of year2021-12-31$0
Assets. Value of employer real property at beginning of year2021-12-31$0
Contributions received in cash from employer2021-12-31$1,443,569
Employer contributions (assets) at end of year2021-12-31$1,034,016
Employer contributions (assets) at beginning of year2021-12-31$256,689
Income. Dividends from preferred stock2021-12-31$0
Income. Dividends from common stock2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$6,795,725
Asset. Corporate debt instrument preferred debt at end of year2021-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$0
Contract administrator fees2021-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$0
Liabilities. Value of benefit claims payable at end of year2021-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2021-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2021-12-31$0
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$0
Aggregate carrying amount (costs) on sale of assets2021-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2021-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2021-12-31$0
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31MELTON & MELTON, LLP
Accountancy firm EIN2021-12-31741550819
2020 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$0
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Expenses. Interest paid2020-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$0
Total income from all sources (including contributions)2020-12-31$8,407,569
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$8,204,281
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$7,997,015
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$2,969,135
Value of total assets at end of year2020-12-31$53,579,972
Value of total assets at beginning of year2020-12-31$53,376,684
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$207,266
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$62,557
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$981,882
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$981,882
Assets. Real estate other than employer real property at end of year2020-12-31$0
Assets. Real estate other than employer real property at beginning of year2020-12-31$0
Administrative expenses professional fees incurred2020-12-31$22,500
Assets. Corporate prefeered stocks other than exployer securities at end of year2020-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$2,500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$2,226,070
Participant contributions at end of year2020-12-31$1,078,554
Participant contributions at beginning of year2020-12-31$1,048,970
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Assets. Other investments not covered elsewhere at end of year2020-12-31$984,540
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$502,043
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$183,097
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Assets. Loans (other than to participants) at end of year2020-12-31$0
Assets. Loans (other than to participants) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$128,748
Administrative expenses (other) incurred2020-12-31$167,134
Liabilities. Value of operating payables at end of year2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$203,288
Value of net assets at end of year (total assets less liabilities)2020-12-31$53,579,972
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$53,376,684
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Assets. partnership/joint venture interests at end of year2020-12-31$0
Assets. partnership/joint venture interests at beginning of year2020-12-31$0
Investment advisory and management fees2020-12-31$17,632
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$46,014,164
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$45,281,177
Value of interest in pooled separate accounts at end of year2020-12-31$0
Value of interest in pooled separate accounts at beginning of year2020-12-31$0
Interest on participant loans2020-12-31$54,510
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$0
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in master investment trust accounts at end of year2020-12-31$0
Value of interest in master investment trust accounts at beginning of year2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$4,043,677
Value of interest in common/collective trusts at beginning of year2020-12-31$4,292,655
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$1,202,348
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$1,252,859
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$1,252,859
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$8,047
Assets. Value of investments in 103.12 investment entities at end of year2020-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Asset value of US Government securities at end of year2020-12-31$0
Asset value of US Government securities at beginning of year2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$4,166,467
Net investment gain/loss from pooled separate accounts2020-12-31$0
Net investment gain or loss from common/collective trusts2020-12-31$98,780
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$0
Assets. Invements in employer securities at beginning of year2020-12-31$0
Assets. Value of employer real property at end of year2020-12-31$0
Assets. Value of employer real property at beginning of year2020-12-31$0
Contributions received in cash from employer2020-12-31$559,968
Employer contributions (assets) at end of year2020-12-31$256,689
Employer contributions (assets) at beginning of year2020-12-31$998,980
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$7,997,015
Asset. Corporate debt instrument preferred debt at end of year2020-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2020-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2020-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$0
Contract administrator fees2020-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2020-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2020-12-31$0
Liabilities. Value of benefit claims payable at end of year2020-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2020-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31MELTON & MELTON, LLP
Accountancy firm EIN2020-12-31741550819
2019 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$12,687,869
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$8,434,842
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$8,218,500
Value of total corrective distributions2019-12-31$247
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$4,764,162
Value of total assets at end of year2019-12-31$53,376,684
Value of total assets at beginning of year2019-12-31$49,123,657
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$216,095
Total interest from all sources2019-12-31$75,048
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,261,115
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$1,261,115
Administrative expenses professional fees incurred2019-12-31$26,595
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$2,500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$2,165,157
Participant contributions at end of year2019-12-31$1,048,970
Participant contributions at beginning of year2019-12-31$959,002
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Assets. Other investments not covered elsewhere at end of year2019-12-31$502,043
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$1,742,681
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$823,352
Other income not declared elsewhere2019-12-31$273,462
Administrative expenses (other) incurred2019-12-31$177,581
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$6,859
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$4,253,027
Value of net assets at end of year (total assets less liabilities)2019-12-31$53,376,684
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$49,123,657
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$11,919
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$45,281,177
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$44,617,037
Interest on participant loans2019-12-31$52,328
Value of interest in common/collective trusts at end of year2019-12-31$4,292,655
Value of interest in common/collective trusts at beginning of year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,252,859
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$1,155,764
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$1,155,764
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$22,720
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$6,298,127
Net investment gain or loss from common/collective trusts2019-12-31$15,955
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,775,653
Employer contributions (assets) at end of year2019-12-31$998,980
Employer contributions (assets) at beginning of year2019-12-31$642,314
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$8,218,500
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MELTON & MELTON, LLP
Accountancy firm EIN2019-12-31741550819
2018 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$875,599
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$5,459,187
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$5,223,156
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$3,060,255
Value of total assets at end of year2018-12-31$49,123,657
Value of total assets at beginning of year2018-12-31$53,707,245
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$236,031
Total interest from all sources2018-12-31$57,276
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,167,217
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$1,167,217
Administrative expenses professional fees incurred2018-12-31$12,630
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$2,500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,803,149
Participant contributions at end of year2018-12-31$959,002
Participant contributions at beginning of year2018-12-31$1,081,766
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$450
Assets. Other investments not covered elsewhere at end of year2018-12-31$1,742,681
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$2,431,524
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$446,274
Other income not declared elsewhere2018-12-31$-121,437
Administrative expenses (other) incurred2018-12-31$211,798
Total non interest bearing cash at end of year2018-12-31$6,859
Total non interest bearing cash at beginning of year2018-12-31$633
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-4,583,588
Value of net assets at end of year (total assets less liabilities)2018-12-31$49,123,657
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$53,707,245
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$11,603
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$44,617,037
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$48,793,083
Interest on participant loans2018-12-31$46,665
Value of interest in common/collective trusts at end of year2018-12-31$0
Value of interest in common/collective trusts at beginning of year2018-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$1,155,764
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$1,399,789
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$1,399,789
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$10,611
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-3,287,712
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$810,832
Employer contributions (assets) at end of year2018-12-31$642,314
Employer contributions (assets) at beginning of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$5,223,156
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31MELTON & MELTON, LLP
Accountancy firm EIN2018-12-31741550819
2017 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$9,277,497
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$20,026,249
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$19,921,175
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,206,157
Value of total assets at end of year2017-12-31$53,707,245
Value of total assets at beginning of year2017-12-31$64,455,997
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$105,074
Total interest from all sources2017-12-31$64,740
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$917,256
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$917,256
Administrative expenses professional fees incurred2017-12-31$12,117
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$2,500,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,606,200
Participant contributions at end of year2017-12-31$1,081,766
Participant contributions at beginning of year2017-12-31$1,751,728
Participant contributions at end of year2017-12-31$450
Participant contributions at beginning of year2017-12-31$0
Assets. Other investments not covered elsewhere at end of year2017-12-31$2,431,524
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$2,161,588
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$599,957
Other income not declared elsewhere2017-12-31$160,274
Administrative expenses (other) incurred2017-12-31$82,323
Total non interest bearing cash at end of year2017-12-31$633
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-10,748,752
Value of net assets at end of year (total assets less liabilities)2017-12-31$53,707,245
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$64,455,997
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$10,634
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$48,793,083
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$41,607,068
Interest on participant loans2017-12-31$50,597
Value of interest in common/collective trusts at end of year2017-12-31$0
Value of interest in common/collective trusts at beginning of year2017-12-31$18,935,613
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$1,399,789
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$14,143
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$5,849,289
Net investment gain or loss from common/collective trusts2017-12-31$79,781
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$19,921,175
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31MELTON & MELTON, LLP
Accountancy firm EIN2017-12-31741550819
2016 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$6,487,493
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$11,978,150
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$11,952,403
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,285,761
Value of total assets at end of year2016-12-31$64,455,997
Value of total assets at beginning of year2016-12-31$69,946,654
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$25,747
Total interest from all sources2016-12-31$89,879
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,406,516
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$1,406,516
Administrative expenses professional fees incurred2016-12-31$12,125
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$2,500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$2,225,640
Participant contributions at end of year2016-12-31$1,751,728
Participant contributions at beginning of year2016-12-31$1,943,660
Participant contributions at end of year2016-12-31$0
Participant contributions at beginning of year2016-12-31$31,844
Assets. Other investments not covered elsewhere at end of year2016-12-31$2,161,588
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$2,720,108
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$60,121
Other income not declared elsewhere2016-12-31$216,993
Administrative expenses (other) incurred2016-12-31$13,622
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$4,632
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-5,490,657
Value of net assets at end of year (total assets less liabilities)2016-12-31$64,455,997
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$69,946,654
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$41,607,068
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$46,284,020
Interest on participant loans2016-12-31$89,879
Value of interest in common/collective trusts at end of year2016-12-31$18,935,613
Value of interest in common/collective trusts at beginning of year2016-12-31$18,509,567
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$2,250,311
Net investment gain or loss from common/collective trusts2016-12-31$238,033
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Employer contributions (assets) at end of year2016-12-31$0
Employer contributions (assets) at beginning of year2016-12-31$452,823
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$11,952,403
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MELTON & MELTON, LLP
Accountancy firm EIN2016-12-31741550819
2015 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$120,884
Total income from all sources (including contributions)2015-12-31$4,148,251
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$7,443,773
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$7,421,453
Expenses. Certain deemed distributions of participant loans2015-12-31$-2,376
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$4,781,107
Value of total assets at end of year2015-12-31$69,946,654
Value of total assets at beginning of year2015-12-31$73,363,060
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$24,696
Total interest from all sources2015-12-31$78,410
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$2,542,330
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$2,542,330
Administrative expenses professional fees incurred2015-12-31$12,140
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$2,500,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$2,753,795
Participant contributions at end of year2015-12-31$1,943,660
Participant contributions at beginning of year2015-12-31$1,669,108
Participant contributions at end of year2015-12-31$31,844
Participant contributions at beginning of year2015-12-31$29,922
Assets. Other investments not covered elsewhere at end of year2015-12-31$2,720,108
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$2,341,694
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$692,943
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$1,823
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$120,884
Other income not declared elsewhere2015-12-31$-106,029
Administrative expenses (other) incurred2015-12-31$12,556
Total non interest bearing cash at end of year2015-12-31$4,632
Total non interest bearing cash at beginning of year2015-12-31$124,118
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-3,295,522
Value of net assets at end of year (total assets less liabilities)2015-12-31$69,946,654
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$73,242,176
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$46,284,020
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$48,032,802
Interest on participant loans2015-12-31$78,410
Value of interest in common/collective trusts at end of year2015-12-31$18,509,567
Value of interest in common/collective trusts at beginning of year2015-12-31$16,579,692
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-3,195,623
Net investment gain or loss from common/collective trusts2015-12-31$48,056
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$1,334,369
Employer contributions (assets) at end of year2015-12-31$452,823
Employer contributions (assets) at beginning of year2015-12-31$4,583,901
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$7,421,453
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MELTON & MELTON, LLP
Accountancy firm EIN2015-12-31741550819
2014 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$120,884
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$3,000
Total income from all sources (including contributions)2014-12-31$10,911,150
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$3,873,430
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$3,788,051
Expenses. Certain deemed distributions of participant loans2014-12-31$61,658
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$8,404,022
Value of total assets at end of year2014-12-31$73,363,060
Value of total assets at beginning of year2014-12-31$66,207,456
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$23,721
Total interest from all sources2014-12-31$77,212
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$3,420,860
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$3,420,860
Administrative expenses professional fees incurred2014-12-31$12,132
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$2,611,866
Participant contributions at end of year2014-12-31$1,669,108
Participant contributions at beginning of year2014-12-31$1,470,515
Participant contributions at end of year2014-12-31$29,922
Participant contributions at beginning of year2014-12-31$29,601
Assets. Other investments not covered elsewhere at end of year2014-12-31$2,341,694
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$1,791,583
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$248,861
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$1,823
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$12,520
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$120,884
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$0
Other income not declared elsewhere2014-12-31$86,492
Liabilities. Value of operating payables at end of year2014-12-31$0
Liabilities. Value of operating payables at beginning of year2014-12-31$3,000
Total non interest bearing cash at end of year2014-12-31$124,118
Total non interest bearing cash at beginning of year2014-12-31$229,544
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$7,037,720
Value of net assets at end of year (total assets less liabilities)2014-12-31$73,242,176
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$66,204,456
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$48,032,802
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$44,523,259
Interest on participant loans2014-12-31$77,212
Value of interest in common/collective trusts at end of year2014-12-31$16,579,692
Value of interest in common/collective trusts at beginning of year2014-12-31$14,568,440
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-1,263,178
Net investment gain or loss from common/collective trusts2014-12-31$185,742
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$5,543,295
Employer contributions (assets) at end of year2014-12-31$4,583,901
Employer contributions (assets) at beginning of year2014-12-31$3,581,994
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$3,788,051
Contract administrator fees2014-12-31$11,589
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31MELTON & MELTON, LLP
Accountancy firm EIN2014-12-31741550819
2013 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$3,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$16,293,625
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$4,977,560
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$4,954,367
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$7,279,203
Value of total assets at end of year2013-12-31$66,207,456
Value of total assets at beginning of year2013-12-31$54,888,391
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$23,193
Total interest from all sources2013-12-31$65,493
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$1,974,787
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$1,974,787
Administrative expenses professional fees incurred2013-12-31$15,330
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$5,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$2,375,420
Participant contributions at end of year2013-12-31$1,470,515
Participant contributions at beginning of year2013-12-31$1,397,744
Participant contributions at end of year2013-12-31$29,601
Participant contributions at beginning of year2013-12-31$27,343
Assets. Other investments not covered elsewhere at end of year2013-12-31$1,791,583
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$1,299,976
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$455,040
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$12,520
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$52,291
Other income not declared elsewhere2013-12-31$269,037
Administrative expenses (other) incurred2013-12-31$480
Liabilities. Value of operating payables at end of year2013-12-31$3,000
Liabilities. Value of operating payables at beginning of year2013-12-31$0
Total non interest bearing cash at end of year2013-12-31$229,544
Total non interest bearing cash at beginning of year2013-12-31$312,497
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$11,316,065
Value of net assets at end of year (total assets less liabilities)2013-12-31$66,204,456
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$54,888,391
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$44,523,259
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$34,018,890
Interest on participant loans2013-12-31$65,493
Value of interest in common/collective trusts at end of year2013-12-31$14,568,440
Value of interest in common/collective trusts at beginning of year2013-12-31$14,467,197
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$6,787,210
Net investment gain or loss from common/collective trusts2013-12-31$-82,105
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$4,448,743
Employer contributions (assets) at end of year2013-12-31$3,581,994
Employer contributions (assets) at beginning of year2013-12-31$3,312,453
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$4,954,367
Contract administrator fees2013-12-31$7,383
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31MELTON & MELTON, LLP
Accountancy firm EIN2013-12-31741550819
2012 : PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$71,438
Total income from all sources (including contributions)2012-12-31$11,684,652
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$4,012,573
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$3,932,220
Expenses. Certain deemed distributions of participant loans2012-12-31$55,744
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$6,430,668
Value of total assets at end of year2012-12-31$54,888,391
Value of total assets at beginning of year2012-12-31$47,287,750
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$24,609
Total interest from all sources2012-12-31$71,061
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$1,079,358
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$1,079,358
Administrative expenses professional fees incurred2012-12-31$15,002
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$5,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$2,143,413
Participant contributions at end of year2012-12-31$1,397,744
Participant contributions at beginning of year2012-12-31$1,238,097
Participant contributions at end of year2012-12-31$27,343
Participant contributions at beginning of year2012-12-31$25,603
Assets. Other investments not covered elsewhere at end of year2012-12-31$1,299,976
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$1,428,873
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$268,445
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$52,291
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$11,914
Other income not declared elsewhere2012-12-31$154,358
Liabilities. Value of operating payables at beginning of year2012-12-31$71,438
Total non interest bearing cash at end of year2012-12-31$312,497
Total non interest bearing cash at beginning of year2012-12-31$164,205
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$7,672,079
Value of net assets at end of year (total assets less liabilities)2012-12-31$54,888,391
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$47,216,312
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$34,018,890
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$29,113,808
Interest on participant loans2012-12-31$71,061
Value of interest in common/collective trusts at end of year2012-12-31$14,467,197
Value of interest in common/collective trusts at beginning of year2012-12-31$14,141,941
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$3,587,954
Net investment gain or loss from common/collective trusts2012-12-31$361,253
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$4,018,810
Employer contributions (assets) at end of year2012-12-31$3,312,453
Employer contributions (assets) at beginning of year2012-12-31$1,163,309
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$3,932,220
Contract administrator fees2012-12-31$9,607
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31MELTON & MELTON, LLP
Accountancy firm EIN2012-12-31741550819

Form 5500 Responses for PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN

2022: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS 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: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS 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: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS 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: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS 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: PEARCE INDUSTRIES, INC. 401(K) RETIREMENT AND SAVINGS 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

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