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HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 401k Plan overview

Plan NameHOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN
Plan identification number 002

HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Stock bonus
  • 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.
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

HOFFMAN INSTRUMENTATION SUPPLY, INC has sponsored the creation of one or more 401k plans.

Company Name:HOFFMAN INSTRUMENTATION SUPPLY, INC
Employer identification number (EIN):930757945
NAIC Classification:331200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01JB CORBITT2022-06-24
0022020-01-01JB CORBITT2021-07-02
0022019-01-01JB CORBITT2020-08-13
0022018-01-01JB CORBITT2019-06-07
0022017-01-01COREY HOFFMAN2018-10-15
0022016-01-01COREY HOFFMAN2017-10-10
0022015-01-01CHARLES HOFFMAN2016-09-28
0022014-04-01CHARLES HOFFMAN2015-09-30
0022013-04-01CHARLES HOFFMAN
0022012-04-01CHARLES HOFFMAN
0022011-04-01CHARLES HOFFMAN
0022010-04-01CHARLES H. HOFFMAN III
0022009-04-01
0022009-04-01CHARLES H. HOFFMAN III

Plan Statistics for HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN

401k plan membership statisitcs for HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN

Measure Date Value
2022: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01133
Total number of active participants reported on line 7a of the Form 55002022-01-01128
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0133
Total of all active and inactive participants2022-01-01161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01161
Number of participants with account balances2022-01-01152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2013: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-04-0117
Total number of active participants reported on line 7a of the Form 55002013-04-0114
Number of retired or separated participants receiving benefits2013-04-011
Number of other retired or separated participants entitled to future benefits2013-04-012
Total of all active and inactive participants2013-04-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-04-010
Total participants2013-04-0117
Number of participants with account balances2013-04-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-04-010
2012: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-04-0116
Total number of active participants reported on line 7a of the Form 55002012-04-0114
Number of retired or separated participants receiving benefits2012-04-011
Number of other retired or separated participants entitled to future benefits2012-04-012
Total of all active and inactive participants2012-04-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-04-010
Total participants2012-04-0117
Number of participants with account balances2012-04-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-04-010
2011: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-04-0113
Total number of active participants reported on line 7a of the Form 55002011-04-0113
Number of retired or separated participants receiving benefits2011-04-010
Number of other retired or separated participants entitled to future benefits2011-04-012
Total of all active and inactive participants2011-04-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-04-010
Total participants2011-04-0115
Number of participants with account balances2011-04-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-04-010
2010: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-04-0113
Total number of active participants reported on line 7a of the Form 55002010-04-0111
Number of retired or separated participants receiving benefits2010-04-010
Number of other retired or separated participants entitled to future benefits2010-04-011
Total of all active and inactive participants2010-04-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-04-010
Total participants2010-04-0112
Number of participants with account balances2010-04-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-04-011
2009: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-04-0112
Total number of active participants reported on line 7a of the Form 55002009-04-0111
Number of retired or separated participants receiving benefits2009-04-010
Number of other retired or separated participants entitled to future benefits2009-04-011
Total of all active and inactive participants2009-04-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-04-010
Total participants2009-04-0112
Number of participants with account balances2009-04-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-04-010

Financial Data on HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN

Measure Date Value
2022 : HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2022 401k financial data
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
Total income from all sources (including contributions)2022-12-31$646,647
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$282,108
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$264,834
Expenses. Certain deemed distributions of participant loans2022-12-31$375
Value of total corrective distributions2022-12-31$1,336
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,050,896
Value of total assets at end of year2022-12-31$2,622,834
Value of total assets at beginning of year2022-12-31$2,258,295
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$15,563
Total interest from all sources2022-12-31$1,929
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$247
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$247
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$226,000
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$679,914
Participant contributions at end of year2022-12-31$33,269
Participant contributions at beginning of year2022-12-31$30,861
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$51,809
Other income not declared elsewhere2022-12-31$6,614
Administrative expenses (other) incurred2022-12-31$15,563
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
Value of net income/loss2022-12-31$364,539
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,622,834
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,258,295
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$9,327
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$20,599
Interest on participant loans2022-12-31$1,929
Value of interest in common/collective trusts at end of year2022-12-31$2,580,238
Value of interest in common/collective trusts at beginning of year2022-12-31$2,206,835
Net investment gain or loss from common/collective trusts2022-12-31$-413,039
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
Contributions received in cash from employer2022-12-31$319,173
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$264,834
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
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31ANDERS MINKLER HUBER & HELM LLP
Accountancy firm EIN2022-12-31430831507
2014 : HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources2014-03-31$25,052
Expenses. Total of all expenses incurred2014-03-31$0
Total plan assets at end of year2014-03-31$315,031
Total plan assets at beginning of year2014-03-31$289,979
Value of fidelity bond covering the plan2014-03-31$50,000
Other income received2014-03-31$25,052
Net income (gross income less expenses)2014-03-31$25,052
Net plan assets at end of year (total assets less liabilities)2014-03-31$315,031
Net plan assets at beginning of year (total assets less liabilities)2014-03-31$289,979
2013 : HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2013 401k financial data
Total plan liabilities at beginning of year2013-03-31$35,900
Total income from all sources2013-03-31$76,037
Expenses. Total of all expenses incurred2013-03-31$6,162
Benefits paid (including direct rollovers)2013-03-31$3,649
Total plan assets at end of year2013-03-31$289,979
Total plan assets at beginning of year2013-03-31$256,004
Value of fidelity bond covering the plan2013-03-31$50,000
Expenses. Other expenses not covered elsewhere2013-03-31$2,513
Other income received2013-03-31$33,975
Net income (gross income less expenses)2013-03-31$69,875
Net plan assets at end of year (total assets less liabilities)2013-03-31$289,979
Net plan assets at beginning of year (total assets less liabilities)2013-03-31$220,104
Assets. Value of employer securities2013-03-31$287,670
Total contributions received or receivable from employer(s)2013-03-31$42,062
2012 : HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2012 401k financial data
Total plan liabilities at end of year2012-03-31$35,900
Total plan liabilities at beginning of year2012-03-31$71,800
Total income from all sources2012-03-31$80,500
Expenses. Total of all expenses incurred2012-03-31$0
Total plan assets at end of year2012-03-31$256,004
Total plan assets at beginning of year2012-03-31$211,404
Value of fidelity bond covering the plan2012-03-31$50,000
Other income received2012-03-31$39,574
Net income (gross income less expenses)2012-03-31$80,500
Net plan assets at end of year (total assets less liabilities)2012-03-31$220,104
Net plan assets at beginning of year (total assets less liabilities)2012-03-31$139,604
Assets. Value of employer securities2012-03-31$256,004
Total contributions received or receivable from employer(s)2012-03-31$40,926
2011 : HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2011 401k financial data
Total plan liabilities at end of year2011-03-31$71,800
Total plan liabilities at beginning of year2011-03-31$107,700
Total income from all sources2011-03-31$36,654
Expenses. Total of all expenses incurred2011-03-31$3,430
Benefits paid (including direct rollovers)2011-03-31$3,430
Total plan assets at end of year2011-03-31$211,404
Total plan assets at beginning of year2011-03-31$214,080
Value of fidelity bond covering the plan2011-03-31$50,000
Other income received2011-03-31$-10,215
Net income (gross income less expenses)2011-03-31$33,224
Net plan assets at end of year (total assets less liabilities)2011-03-31$139,604
Net plan assets at beginning of year (total assets less liabilities)2011-03-31$106,380
Assets. Value of employer securities2011-03-31$211,404
Total contributions received or receivable from employer(s)2011-03-31$46,869

Form 5500 Responses for HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN

2022: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) 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
2013: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2013 form 5500 responses
2013-04-01Type of plan entitySingle employer plan
2013-04-01Submission has been amendedNo
2013-04-01This submission is the final filingNo
2013-04-01This return/report is a short plan year return/report (less than 12 months)No
2013-04-01Plan is a collectively bargained planNo
2013-04-01Plan funding arrangement – TrustYes
2013-04-01Plan benefit arrangement - TrustYes
2012: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2012 form 5500 responses
2012-04-01Type of plan entitySingle employer plan
2012-04-01Submission has been amendedNo
2012-04-01This submission is the final filingNo
2012-04-01This return/report is a short plan year return/report (less than 12 months)No
2012-04-01Plan is a collectively bargained planNo
2012-04-01Plan funding arrangement – TrustYes
2012-04-01Plan benefit arrangement - TrustYes
2011: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2011 form 5500 responses
2011-04-01Type of plan entitySingle employer plan
2011-04-01Submission has been amendedNo
2011-04-01This submission is the final filingNo
2011-04-01This return/report is a short plan year return/report (less than 12 months)No
2011-04-01Plan is a collectively bargained planNo
2011-04-01Plan funding arrangement – TrustYes
2011-04-01Plan benefit arrangement - TrustYes
2010: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2010 form 5500 responses
2010-04-01Type of plan entitySingle employer plan
2010-04-01Submission has been amendedNo
2010-04-01This submission is the final filingNo
2010-04-01This return/report is a short plan year return/report (less than 12 months)No
2010-04-01Plan is a collectively bargained planNo
2010-04-01Plan funding arrangement – TrustYes
2010-04-01Plan benefit arrangement - TrustYes
2009: HOFFMAN INSTRUMENTATION SUPPLY, INC. 401(K) PLAN 2009 form 5500 responses
2009-04-01Type of plan entitySingle employer plan
2009-04-01Submission has been amendedNo
2009-04-01This submission is the final filingNo
2009-04-01This return/report is a short plan year return/report (less than 12 months)No
2009-04-01Plan is a collectively bargained planNo
2009-04-01Plan funding arrangement – TrustYes
2009-04-01Plan benefit arrangement - TrustYes

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