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HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameHYTEC, INC 401K PROFIT SHARING PLAN AND TRUST
Plan identification number 001

HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

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

Company Name:HYTEC, INC
Employer identification number (EIN):850346765
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-04-01STEVEN MACALUS2011-02-28
0012006-04-01STEVEN MACALUS

Plan Statistics for HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST

Measure Date Value
2006: HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST 2006 401k membership
Total participants, beginning-of-year2006-04-0142
Total number of active participants reported on line 7a of the Form 55002006-04-0136
Number of retired or separated participants receiving benefits2006-04-010
Number of other retired or separated participants entitled to future benefits2006-04-0112
Total of all active and inactive participants2006-04-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2006-04-010
Total participants2006-04-0148
Number of participants with account balances2006-04-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2006-04-013

Financial Data on HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST

Measure Date Value
2008 : HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST 2008 401k financial data
Total income from all sources2008-03-31$299,895
Expenses. Total of all expenses incurred2008-03-31$319,386
Benefits paid (including direct rollovers)2008-03-31$319,284
Total plan assets at end of year2008-03-31$3,019,193
Total plan assets at beginning of year2008-03-31$3,038,684
Total contributions received or receivable from participants2008-03-31$261,076
Expenses. Other expenses not covered elsewhere2008-03-31$102
Other income received2008-03-31$-5,331
Net income (gross income less expenses)2008-03-31$-19,491
Net plan assets at end of year (total assets less liabilities)2008-03-31$3,019,193
Net plan assets at beginning of year (total assets less liabilities)2008-03-31$3,038,684
Assets. Value of participant loans2008-03-31$35,567
Total contributions received or receivable from employer(s)2008-03-31$44,150
2007 : HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST 2007 401k financial data
Total income from all sources2007-03-31$846,883
Expenses. Total of all expenses incurred2007-03-31$538,841
Benefits paid (including direct rollovers)2007-03-31$485,092
Total plan assets at end of year2007-03-31$3,038,684
Total plan assets at beginning of year2007-03-31$2,730,642
Total contributions received or receivable from participants2007-03-31$303,147
Expenses. Other expenses not covered elsewhere2007-03-31$53,749
Contributions received from other sources (not participants or employers)2007-03-31$302,375
Other income received2007-03-31$162,524
Net income (gross income less expenses)2007-03-31$308,042
Net plan assets at end of year (total assets less liabilities)2007-03-31$3,038,684
Net plan assets at beginning of year (total assets less liabilities)2007-03-31$2,730,642
Assets. Value of participant loans2007-03-31$23,648
Total contributions received or receivable from employer(s)2007-03-31$78,837

Form 5500 Responses for HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST

2006: HYTEC, INC 401K PROFIT SHARING PLAN AND TRUST 2006 form 5500 responses
2006-04-01Type of plan entitySingle employer plan
2006-04-01Submission has been amendedNo
2006-04-01This submission is the final filingNo
2006-04-01This return/report is a short plan year return/report (less than 12 months)No
2006-04-01Plan is a collectively bargained planNo
2006-04-01Plan funding arrangement – InsuranceYes
2006-04-01Plan funding arrangement – TrustYes
2006-04-01Plan benefit arrangement – InsuranceYes
2006-04-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )
Policy contract numberGA32001
Policy instance 1
Insurance contract or identification numberGA32001
Number of Individuals Covered36
Insurance policy start date2007-04-01
Insurance policy end date2008-03-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )
Policy contract numberGA32001
Policy instance 1
Insurance contract or identification numberGA32001
Number of Individuals Covered23
Insurance policy start date2006-04-01
Insurance policy end date2007-03-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No

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