401k Plan data: CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST plan

CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number	001

CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.

401k Sponsoring company profile

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

Company Name: CLASSIC MACHINE, INC.

Employer identification number (EIN): 824670904

NAIC Classification: 333510

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 CARL BACKMAN 2024-07-26
001 2021-01-01 CARL BACKMAN 2022-06-18
001 2020-01-01 CARL BACKMAN 2021-07-15

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2023-01-01	CARL BACKMAN	2024-07-26
001	2021-01-01	CARL BACKMAN	2022-06-18
001	2020-01-01	CARL BACKMAN	2021-07-15

Plan Statistics for CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2024: CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2024 401k membership
Total number of particpants at beginning of year 2024-07-26 5
Total number of particpants at end of year 2024-07-26 6
Number of Participants With Account Balances 2024-07-26 5

Measure	Date	Value
2024: CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2024 401k membership
Total number of particpants at beginning of year	2024-07-26	5
Total number of particpants at end of year	2024-07-26	6
Number of Participants With Account Balances	2024-07-26	5

Financial Data on CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2024 : CLASSIC MACHINE, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year	2024-07-26	0
Net assets as of the end of the plan year	2024-07-26	228961
Total assets as of the beginning of the plan year	2024-07-26	151023
Value of plan covered by a fidelity bond	2024-07-26	16000
Participant contributions to plan in this plan year	2024-07-26	33210
Other income to plan in this plan year	2024-07-26	36018
Plan net income in this plan year	2024-07-26	77938
Net assets as of the end of the plan year	2024-07-26	228961
Net assets as of the beginning of the plan year	2024-07-26	151023
Employer contributions to plan in this plan year	2024-07-26	8710

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Company Name:	CLASSIC MACHINE, INC.
Employer identification number (EIN):	824670904
NAIC Classification:	333510