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ALPHA MAGNETICS, INC. 401K PLAN 401k Plan overview

Plan NameALPHA MAGNETICS, INC. 401K PLAN
Plan identification number 001

ALPHA MAGNETICS, INC. 401K 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.
  • 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.

401k Sponsoring company profile

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

Company Name:ALPHA MAGNETICS, INC.
Employer identification number (EIN):943081576
NAIC Classification:334410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ALPHA MAGNETICS, INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KEN WADSWORTH2024-02-08
0012022-01-01KEN WADSWORTH2023-04-11
0012021-01-01KEN WADSWORTH2022-06-09
0012020-01-01KEN WADSWORTH2021-09-13 KEN WADSWORTH2021-09-13
0012019-01-01KEN WADSWORTH2021-09-13
0012018-01-01KEN WADSWORTH2019-06-03
0012017-01-01KEN WADSWORTH2018-06-19
0012016-01-01KEN WADSWORTH2017-06-05 KEN WADSWORTH2017-06-05
0012015-01-01KEN WADSWORTH2016-05-24 KEN WADSWORTH2016-05-24
0012014-01-01KEN WADSWORTH2015-10-07 KEN WADSWORTH2015-10-07
0012013-01-01KENNETT WADSWORTH2014-07-01 KENNETT WADSWORTH2014-07-01
0012012-01-01KEN WADSWORTH2013-06-26
0012011-01-01KEN WADSWORTH2012-06-26
0012010-01-01KEN WADSWORTH2011-07-07

Plan Statistics for ALPHA MAGNETICS, INC. 401K PLAN

401k plan membership statisitcs for ALPHA MAGNETICS, INC. 401K PLAN

Measure Date Value
2025: ALPHA MAGNETICS, INC. 401K PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-3112
Total number of particpants at end of year2025-07-3111
Number of Participants With Account Balances2025-07-317
2024: ALPHA MAGNETICS, INC. 401K PLAN 2024 401k membership
Total number of particpants at beginning of year2024-02-0810
Total number of particpants at end of year2024-02-0810
Number of Participants With Account Balances2024-02-087
2022: ALPHA MAGNETICS, INC. 401K PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-0910
Total number of particpants at end of year2022-06-0913
Number of Participants With Account Balances2022-06-095

Financial Data on ALPHA MAGNETICS, INC. 401K PLAN

Measure Date Value
2025 : ALPHA MAGNETICS, INC. 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-31604
Net assets as of the end of the plan year2025-07-311306176
Total assets as of the beginning of the plan year2025-07-311115292
Value of plan covered by a fidelity bond2025-07-31100000
Participant contributions to plan in this plan year2025-07-3186743
Other expenses paid from plan in this plan year2025-07-31604
Other income to plan in this plan year2025-07-31104745
Plan net income in this plan year2025-07-31190884
Net assets as of the end of the plan year2025-07-311306176
Net assets as of the beginning of the plan year2025-07-311115292
Employer contributions to plan in this plan year2025-07-310
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-310
2024 : ALPHA MAGNETICS, INC. 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-02-080
Net assets as of the end of the plan year2024-02-081115292
Total assets as of the beginning of the plan year2024-02-08911307
Value of plan covered by a fidelity bond2024-02-08500000
Participant contributions to plan in this plan year2024-02-0886659
Other expenses paid from plan in this plan year2024-02-080
Other contributions to plan in this plan year2024-02-080
Other income to plan in this plan year2024-02-08113395
Plan net income in this plan year2024-02-08203985
Net assets as of the end of the plan year2024-02-081115292
Net assets as of the beginning of the plan year2024-02-08911307
Employer contributions to plan in this plan year2024-02-083931
Expensese paid to adminstrative service provicers from plan in this plan year2024-02-080
2022 : ALPHA MAGNETICS, INC. 401K PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-090
Net assets as of the end of the plan year2022-06-09969519
Total assets as of the beginning of the plan year2022-06-09731981
Participant contributions to plan in this plan year2022-06-0984269
Other expenses paid from plan in this plan year2022-06-090
Other income to plan in this plan year2022-06-0975747
Plan net income in this plan year2022-06-09237538
Net assets as of the end of the plan year2022-06-09969519
Net assets as of the beginning of the plan year2022-06-09731981
Employer contributions to plan in this plan year2022-06-0977522
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-090

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