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TITAN POWER, INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameTITAN POWER, INC. DEFINED BENEFIT PLAN
Plan identification number 003

TITAN POWER, INC. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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

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

Company Name:TITAN POWER, INC.
Employer identification number (EIN):860654622
NAIC Classification:811210
NAIC Description: Electronic and Precision Equipment Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TITAN POWER, INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01STEPHEN BERNEY2024-05-13 STEPHEN BERNEY2024-05-13
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01
0032016-01-01EVA BERNEY
0032016-01-01
0032015-01-01EVA BERNEY
0032014-01-01EVA BERNEY
0032013-01-01EVA BERNEY2014-09-25

Financial Data on TITAN POWER, INC. DEFINED BENEFIT PLAN

Measure Date Value
2025 : TITAN POWER, INC. DEFINED BENEFIT PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-08-070
Total liabilities as of the beginning of the plan year2025-08-070
Total expenses incurred by plan in this plan year2025-08-0743670
Net assets as of the end of the plan year2025-08-073410687
Total assets as of the beginning of the plan year2025-08-072878990
Value of plan covered by a fidelity bond2025-08-07500000
Participant contributions to plan in this plan year2025-08-070
Other expenses paid from plan in this plan year2025-08-070
Other contributions to plan in this plan year2025-08-070
Other income to plan in this plan year2025-08-07375367
Plan net income in this plan year2025-08-07531697
Net assets as of the end of the plan year2025-08-073410687
Net assets as of the beginning of the plan year2025-08-072878990
Employer contributions to plan in this plan year2025-08-07200000
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-0722489
2024 : TITAN POWER, INC. DEFINED BENEFIT PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-130
Total liabilities as of the end of the plan year2024-05-130
Total liabilities as of the beginning of the plan year2024-05-130
Total expenses incurred by plan in this plan year2024-05-1313354
Net assets as of the end of the plan year2024-05-132878990
Total assets as of the beginning of the plan year2024-05-132404070
Value of plan covered by a fidelity bond2024-05-13500000
Participant contributions to plan in this plan year2024-05-130
Other expenses paid from plan in this plan year2024-05-130
Other contributions to plan in this plan year2024-05-130
Other income to plan in this plan year2024-05-13248274
Plan net income in this plan year2024-05-13474920
Net assets as of the end of the plan year2024-05-132878990
Net assets as of the beginning of the plan year2024-05-132404070
Employer contributions to plan in this plan year2024-05-13240000
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-130
2022 : TITAN POWER, INC. DEFINED BENEFIT PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-220
Total liabilities as of the end of the plan year2022-06-220
Total liabilities as of the beginning of the plan year2022-06-220
Total expenses incurred by plan in this plan year2022-06-2213277
Net assets as of the end of the plan year2022-06-222549850
Total assets as of the beginning of the plan year2022-06-222052939
Value of plan covered by a fidelity bond2022-06-22500000
Participant contributions to plan in this plan year2022-06-220
Other expenses paid from plan in this plan year2022-06-220
Other contributions to plan in this plan year2022-06-220
Other income to plan in this plan year2022-06-22255877
Plan net income in this plan year2022-06-22496911
Net assets as of the end of the plan year2022-06-222549850
Net assets as of the beginning of the plan year2022-06-222052939
Employer contributions to plan in this plan year2022-06-22254311
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-2213277
2016 : TITAN POWER, INC. DEFINED BENEFIT PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$137,910
Expenses. Total of all expenses incurred2016-12-31$924
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$823,463
Total plan assets at beginning of year2016-12-31$686,477
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$-49,060
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$136,986
Net plan assets at end of year (total assets less liabilities)2016-12-31$823,463
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$686,477
Total contributions received or receivable from employer(s)2016-12-31$186,970
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$924
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : TITAN POWER, INC. DEFINED BENEFIT PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$243,168
Expenses. Total of all expenses incurred2015-12-31$177
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$686,477
Total plan assets at beginning of year2015-12-31$443,486
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-6,832
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$242,991
Net plan assets at end of year (total assets less liabilities)2015-12-31$686,477
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$443,486
Total contributions received or receivable from employer(s)2015-12-31$250,000
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$177
2014 : TITAN POWER, INC. DEFINED BENEFIT PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$269,214
Expenses. Total of all expenses incurred2014-12-31$105
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$443,486
Total plan assets at beginning of year2014-12-31$174,377
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$1,214
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$269,109
Net plan assets at end of year (total assets less liabilities)2014-12-31$443,486
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$174,377
Assets. Value of real-estate (other than employer real property)2014-12-31$179,713
Total contributions received or receivable from employer(s)2014-12-31$268,000
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$105

Form 5500 Responses for TITAN POWER, INC. DEFINED BENEFIT PLAN

2016: TITAN POWER, INC. DEFINED BENEFIT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TITAN POWER, INC. DEFINED BENEFIT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TITAN POWER, INC. DEFINED BENEFIT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PROTECTIVE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68136 )
Policy contract numberSV3501885
Policy instance 1

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