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DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 401k Plan overview

Plan NameDOWNEY GRINDING CO., INC. STOCK BONUS PLAN
Plan identification number 001

DOWNEY GRINDING CO., INC. STOCK BONUS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Stock bonus
  • 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

DOWNEY GRINDING COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:DOWNEY GRINDING COMPANY, INC.
Employer identification number (EIN):952095768
NAIC Classification:332110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DOWNEY GRINDING CO., INC. STOCK BONUS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-06-01TODD PROCHNOW2022-03-14
0012019-06-01TODD PROCHNOW2020-10-19
0012018-06-01TODD PROCHNOW2019-11-04
0012017-06-01
0012016-06-01
0012015-06-01
0012014-06-01LARRY SEQUEIRA
0012013-06-01LARRY SEQUEIRA
0012012-06-01LARRY SEQUEIRA
0012011-06-01LARRY SEQUEIRA
0012009-06-01

Financial Data on DOWNEY GRINDING CO., INC. STOCK BONUS PLAN

Measure Date Value
2021 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2021 401k financial data
Total plan liabilities at end of year2021-05-31$0
Total plan liabilities at beginning of year2021-05-31$0
Total income from all sources2021-05-31$394,741
Expenses. Total of all expenses incurred2021-05-31$3,432,513
Benefits paid (including direct rollovers)2021-05-31$3,331,057
Total plan assets at end of year2021-05-31$0
Total plan assets at beginning of year2021-05-31$3,037,772
Total contributions received or receivable from participants2021-05-31$0
Expenses. Other expenses not covered elsewhere2021-05-31$0
Contributions received from other sources (not participants or employers)2021-05-31$0
Other income received2021-05-31$394,741
Noncash contributions received2021-05-31$0
Net income (gross income less expenses)2021-05-31$-3,037,772
Net plan assets at end of year (total assets less liabilities)2021-05-31$0
Net plan assets at beginning of year (total assets less liabilities)2021-05-31$3,037,772
Assets. Value of participant loans2021-05-31$0
Total contributions received or receivable from employer(s)2021-05-31$0
Value of certain deemed distributions of participant loans2021-05-31$43,085
Value of corrective distributions2021-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-05-31$58,371
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-05-31$0
2020 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2020 401k financial data
Total plan liabilities at end of year2020-05-31$0
Total plan liabilities at beginning of year2020-05-31$0
Total income from all sources2020-05-31$164,925
Expenses. Total of all expenses incurred2020-05-31$509,582
Benefits paid (including direct rollovers)2020-05-31$490,319
Total plan assets at end of year2020-05-31$3,037,772
Total plan assets at beginning of year2020-05-31$3,382,429
Total contributions received or receivable from participants2020-05-31$0
Contributions received from other sources (not participants or employers)2020-05-31$0
Other income received2020-05-31$164,925
Noncash contributions received2020-05-31$0
Net income (gross income less expenses)2020-05-31$-344,657
Net plan assets at end of year (total assets less liabilities)2020-05-31$3,037,772
Net plan assets at beginning of year (total assets less liabilities)2020-05-31$3,382,429
Assets. Value of participant loans2020-05-31$46,837
Total contributions received or receivable from employer(s)2020-05-31$0
Value of certain deemed distributions of participant loans2020-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-05-31$19,263
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-05-31$0
2019 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2019 401k financial data
Total plan liabilities at end of year2019-05-31$0
Total plan liabilities at beginning of year2019-05-31$0
Total income from all sources2019-05-31$211,649
Expenses. Total of all expenses incurred2019-05-31$1,556,255
Benefits paid (including direct rollovers)2019-05-31$1,486,579
Total plan assets at end of year2019-05-31$3,382,429
Total plan assets at beginning of year2019-05-31$4,727,035
Total contributions received or receivable from participants2019-05-31$0
Expenses. Other expenses not covered elsewhere2019-05-31$6,962
Contributions received from other sources (not participants or employers)2019-05-31$0
Other income received2019-05-31$111,649
Noncash contributions received2019-05-31$0
Net income (gross income less expenses)2019-05-31$-1,344,606
Net plan assets at end of year (total assets less liabilities)2019-05-31$3,382,429
Net plan assets at beginning of year (total assets less liabilities)2019-05-31$4,727,035
Assets. Value of participant loans2019-05-31$65,998
Total contributions received or receivable from employer(s)2019-05-31$100,000
Value of certain deemed distributions of participant loans2019-05-31$0
Value of corrective distributions2019-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-05-31$62,714
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-05-31$0
2018 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2018 401k financial data
Total plan liabilities at end of year2018-05-31$0
Total plan liabilities at beginning of year2018-05-31$0
Total income from all sources2018-05-31$357,630
Expenses. Total of all expenses incurred2018-05-31$184,755
Benefits paid (including direct rollovers)2018-05-31$160,145
Total plan assets at end of year2018-05-31$4,727,035
Total plan assets at beginning of year2018-05-31$4,554,160
Value of fidelity bond covering the plan2018-05-31$500,000
Other income received2018-05-31$317,630
Net income (gross income less expenses)2018-05-31$172,875
Net plan assets at end of year (total assets less liabilities)2018-05-31$4,727,035
Net plan assets at beginning of year (total assets less liabilities)2018-05-31$4,554,160
Assets. Value of participant loans2018-05-31$84,169
Assets. Value of employer securities2018-05-31$1,659,000
Total contributions received or receivable from employer(s)2018-05-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2018-05-31$24,610
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-05-31$0
2017 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2017 401k financial data
Total income from all sources2017-05-31$372,403
Expenses. Total of all expenses incurred2017-05-31$1,077,963
Benefits paid (including direct rollovers)2017-05-31$1,051,389
Total plan assets at end of year2017-05-31$4,554,160
Total plan assets at beginning of year2017-05-31$5,259,720
Value of fidelity bond covering the plan2017-05-31$432,009
Other income received2017-05-31$332,403
Net income (gross income less expenses)2017-05-31$-705,560
Net plan assets at end of year (total assets less liabilities)2017-05-31$4,554,160
Net plan assets at beginning of year (total assets less liabilities)2017-05-31$5,259,720
Assets. Value of participant loans2017-05-31$45,381
Assets. Value of employer securities2017-05-31$1,629,000
Total contributions received or receivable from employer(s)2017-05-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2017-05-31$26,574
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-05-31$0
2016 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2016 401k financial data
Transfers to/from the plan2016-05-31$3,263,296
Total income from all sources2016-05-31$-367,877
Expenses. Total of all expenses incurred2016-05-31$50,048
Benefits paid (including direct rollovers)2016-05-31$30,374
Total plan assets at end of year2016-05-31$5,259,720
Total plan assets at beginning of year2016-05-31$2,414,349
Value of fidelity bond covering the plan2016-05-31$1,196,000
Expenses. Other expenses not covered elsewhere2016-05-31$12,786
Other income received2016-05-31$-367,877
Net income (gross income less expenses)2016-05-31$-417,925
Net plan assets at end of year (total assets less liabilities)2016-05-31$5,259,720
Net plan assets at beginning of year (total assets less liabilities)2016-05-31$2,414,349
Assets. Value of participant loans2016-05-31$33,032
Assets. Value of employer securities2016-05-31$1,650,000
Expenses. Administrative service providers (salaries,fees and commissions)2016-05-31$6,888
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-05-31$0
2015 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2015 401k financial data
Transfers to/from the plan2015-05-31$0
Total plan liabilities at end of year2015-05-31$0
Total plan liabilities at beginning of year2015-05-31$0
Total income from all sources2015-05-31$445,612
Expenses. Total of all expenses incurred2015-05-31$89,524
Benefits paid (including direct rollovers)2015-05-31$69,377
Total plan assets at end of year2015-05-31$2,414,349
Total plan assets at beginning of year2015-05-31$2,058,261
Value of fidelity bond covering the plan2015-05-31$1,196,000
Total contributions received or receivable from participants2015-05-31$0
Expenses. Other expenses not covered elsewhere2015-05-31$12,786
Contributions received from other sources (not participants or employers)2015-05-31$0
Other income received2015-05-31$395,612
Noncash contributions received2015-05-31$0
Net income (gross income less expenses)2015-05-31$356,088
Net plan assets at end of year (total assets less liabilities)2015-05-31$2,414,349
Net plan assets at beginning of year (total assets less liabilities)2015-05-31$2,058,261
Assets. Value of employer securities2015-05-31$2,036,000
Total contributions received or receivable from employer(s)2015-05-31$50,000
Value of certain deemed distributions of participant loans2015-05-31$0
Value of corrective distributions2015-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-05-31$7,361
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-05-31$0
2014 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2014 401k financial data
Total plan liabilities at end of year2014-05-31$0
Total plan liabilities at beginning of year2014-05-31$0
Total income from all sources2014-05-31$-100,724
Expenses. Total of all expenses incurred2014-05-31$23,276
Benefits paid (including direct rollovers)2014-05-31$539
Total plan assets at end of year2014-05-31$2,058,261
Total plan assets at beginning of year2014-05-31$2,182,261
Value of fidelity bond covering the plan2014-05-31$1,196,000
Total contributions received or receivable from participants2014-05-31$0
Expenses. Other expenses not covered elsewhere2014-05-31$12,786
Contributions received from other sources (not participants or employers)2014-05-31$0
Other income received2014-05-31$-150,724
Noncash contributions received2014-05-31$0
Net income (gross income less expenses)2014-05-31$-124,000
Net plan assets at end of year (total assets less liabilities)2014-05-31$2,058,261
Net plan assets at beginning of year (total assets less liabilities)2014-05-31$2,182,261
Assets. Value of employer securities2014-05-31$1,655,012
Total contributions received or receivable from employer(s)2014-05-31$50,000
Value of certain deemed distributions of participant loans2014-05-31$0
Value of corrective distributions2014-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-05-31$9,951
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-05-31$0
2013 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2013 401k financial data
Total income from all sources2013-05-31$226,661
Expenses. Total of all expenses incurred2013-05-31$48,174
Benefits paid (including direct rollovers)2013-05-31$24,094
Total plan assets at end of year2013-05-31$2,182,261
Total plan assets at beginning of year2013-05-31$2,003,774
Value of fidelity bond covering the plan2013-05-31$1,196,000
Expenses. Other expenses not covered elsewhere2013-05-31$13,472
Other income received2013-05-31$126,661
Net income (gross income less expenses)2013-05-31$178,487
Net plan assets at end of year (total assets less liabilities)2013-05-31$2,182,261
Net plan assets at beginning of year (total assets less liabilities)2013-05-31$2,003,774
Assets. Value of employer securities2013-05-31$1,839,871
Total contributions received or receivable from employer(s)2013-05-31$100,000
Expenses. Administrative service providers (salaries,fees and commissions)2013-05-31$10,608
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-05-31$0
2012 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2012 401k financial data
Total plan liabilities at end of year2012-05-31$0
Total plan liabilities at beginning of year2012-05-31$0
Total income from all sources2012-05-31$93,036
Expenses. Total of all expenses incurred2012-05-31$54,242
Benefits paid (including direct rollovers)2012-05-31$32,399
Total plan assets at end of year2012-05-31$2,003,774
Total plan assets at beginning of year2012-05-31$1,964,980
Value of fidelity bond covering the plan2012-05-31$1,196,000
Expenses. Other expenses not covered elsewhere2012-05-31$13,472
Other income received2012-05-31$-13,214
Net income (gross income less expenses)2012-05-31$38,794
Net plan assets at end of year (total assets less liabilities)2012-05-31$2,003,774
Net plan assets at beginning of year (total assets less liabilities)2012-05-31$1,964,980
Assets. Value of employer securities2012-05-31$1,753,392
Total contributions received or receivable from employer(s)2012-05-31$106,250
Expenses. Administrative service providers (salaries,fees and commissions)2012-05-31$8,371
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-05-31$0
2011 : DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2011 401k financial data
Transfers to/from the plan2011-05-31$0
Total plan liabilities at end of year2011-05-31$0
Total plan liabilities at beginning of year2011-05-31$0
Total income from all sources2011-05-31$216,948
Expenses. Total of all expenses incurred2011-05-31$81,298
Benefits paid (including direct rollovers)2011-05-31$59,156
Total plan assets at end of year2011-05-31$1,964,980
Total plan assets at beginning of year2011-05-31$1,829,330
Value of fidelity bond covering the plan2011-05-31$1,196,000
Total contributions received or receivable from participants2011-05-31$0
Expenses. Other expenses not covered elsewhere2011-05-31$14,290
Contributions received from other sources (not participants or employers)2011-05-31$0
Other income received2011-05-31$110,698
Noncash contributions received2011-05-31$0
Net income (gross income less expenses)2011-05-31$135,650
Net plan assets at end of year (total assets less liabilities)2011-05-31$1,964,980
Net plan assets at beginning of year (total assets less liabilities)2011-05-31$1,829,330
Assets. Value of employer securities2011-05-31$1,748,623
Total contributions received or receivable from employer(s)2011-05-31$106,250
Value of certain deemed distributions of participant loans2011-05-31$0
Value of corrective distributions2011-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-05-31$7,852
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-05-31$0

Form 5500 Responses for DOWNEY GRINDING CO., INC. STOCK BONUS PLAN

2020: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2020 form 5500 responses
2020-06-01Type of plan entitySingle employer plan
2020-06-01Submission has been amendedNo
2020-06-01This submission is the final filingYes
2020-06-01This return/report is a short plan year return/report (less than 12 months)No
2020-06-01Plan is a collectively bargained planNo
2020-06-01Plan funding arrangement – TrustYes
2020-06-01Plan benefit arrangement – InsuranceYes
2020-06-01Plan benefit arrangement - TrustYes
2019: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2019 form 5500 responses
2019-06-01Type of plan entitySingle employer plan
2019-06-01Submission has been amendedNo
2019-06-01This submission is the final filingNo
2019-06-01This return/report is a short plan year return/report (less than 12 months)No
2019-06-01Plan is a collectively bargained planNo
2019-06-01Plan funding arrangement – TrustYes
2019-06-01Plan benefit arrangement – InsuranceYes
2019-06-01Plan benefit arrangement - TrustYes
2018: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2018 form 5500 responses
2018-06-01Type of plan entitySingle employer plan
2018-06-01Submission has been amendedNo
2018-06-01This submission is the final filingNo
2018-06-01This return/report is a short plan year return/report (less than 12 months)No
2018-06-01Plan is a collectively bargained planNo
2018-06-01Plan funding arrangement – TrustYes
2018-06-01Plan benefit arrangement – InsuranceYes
2018-06-01Plan benefit arrangement - TrustYes
2017: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2017 form 5500 responses
2017-06-01Type of plan entitySingle employer plan
2017-06-01Submission has been amendedNo
2017-06-01This submission is the final filingNo
2017-06-01This return/report is a short plan year return/report (less than 12 months)No
2017-06-01Plan is a collectively bargained planNo
2017-06-01Plan funding arrangement – InsuranceYes
2017-06-01Plan funding arrangement – TrustYes
2017-06-01Plan benefit arrangement – InsuranceYes
2017-06-01Plan benefit arrangement - TrustYes
2016: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2016 form 5500 responses
2016-06-01Type of plan entitySingle employer plan
2016-06-01Submission has been amendedNo
2016-06-01This submission is the final filingNo
2016-06-01This return/report is a short plan year return/report (less than 12 months)No
2016-06-01Plan is a collectively bargained planNo
2016-06-01Plan funding arrangement – InsuranceYes
2016-06-01Plan funding arrangement – TrustYes
2016-06-01Plan benefit arrangement - TrustYes
2015: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2015 form 5500 responses
2015-06-01Type of plan entitySingle employer plan
2015-06-01Submission has been amendedNo
2015-06-01This submission is the final filingNo
2015-06-01This return/report is a short plan year return/report (less than 12 months)No
2015-06-01Plan is a collectively bargained planNo
2015-06-01Plan funding arrangement – InsuranceYes
2015-06-01Plan funding arrangement – TrustYes
2015-06-01Plan benefit arrangement - TrustYes
2014: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2014 form 5500 responses
2014-06-01Type of plan entitySingle employer plan
2014-06-01Submission has been amendedNo
2014-06-01This submission is the final filingNo
2014-06-01This return/report is a short plan year return/report (less than 12 months)No
2014-06-01Plan is a collectively bargained planNo
2014-06-01Plan funding arrangement – InsuranceYes
2014-06-01Plan funding arrangement – TrustYes
2014-06-01Plan benefit arrangement - TrustYes
2013: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2013 form 5500 responses
2013-06-01Type of plan entitySingle employer plan
2013-06-01Submission has been amendedNo
2013-06-01This submission is the final filingNo
2013-06-01This return/report is a short plan year return/report (less than 12 months)No
2013-06-01Plan is a collectively bargained planNo
2013-06-01Plan funding arrangement – InsuranceYes
2013-06-01Plan funding arrangement – TrustYes
2013-06-01Plan benefit arrangement - TrustYes
2012: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2012 form 5500 responses
2012-06-01Type of plan entitySingle employer plan
2012-06-01Submission has been amendedNo
2012-06-01This submission is the final filingNo
2012-06-01This return/report is a short plan year return/report (less than 12 months)No
2012-06-01Plan is a collectively bargained planNo
2012-06-01Plan funding arrangement – InsuranceYes
2012-06-01Plan funding arrangement – TrustYes
2012-06-01Plan benefit arrangement - TrustYes
2011: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2011 form 5500 responses
2011-06-01Type of plan entitySingle employer plan
2011-06-01Submission has been amendedNo
2011-06-01This submission is the final filingNo
2011-06-01This return/report is a short plan year return/report (less than 12 months)No
2011-06-01Plan is a collectively bargained planNo
2011-06-01Plan funding arrangement – InsuranceYes
2011-06-01Plan funding arrangement – TrustYes
2011-06-01Plan benefit arrangement - TrustYes
2009: DOWNEY GRINDING CO., INC. STOCK BONUS PLAN 2009 form 5500 responses
2009-06-01Type of plan entitySingle employer plan
2009-06-01Submission has been amendedNo
2009-06-01This submission is the final filingNo
2009-06-01This return/report is a short plan year return/report (less than 12 months)No
2009-06-01Plan is a collectively bargained planNo
2009-06-01Plan funding arrangement – InsuranceYes
2009-06-01Plan funding arrangement – TrustYes
2009-06-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

FIRST COLONY LIFE (National Association of Insurance Commissioners NAIC id number: 63401 )
Policy contract number022114/VAR.
Policy instance 1
FIRST COLONY LIFE (National Association of Insurance Commissioners NAIC id number: 63401 )
Policy contract number022114/VAR.
Policy instance 1
FIRST COLONY LIFE (National Association of Insurance Commissioners NAIC id number: 63401 )
Policy contract number022114/VAR.
Policy instance 1
GENWORTH LIFE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 63401 )
Policy contract number022114/VAR.
Policy instance 1
GENWORTH LIFE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 63401 )
Policy contract number022114/VAR.
Policy instance 1
GENWORTH LIFE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 63401 )
Policy contract number022114/VAR.
Policy instance 1
GENWORTH LIFE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 63401 )
Policy contract number022114/VAR.
Policy instance 1
GENWORTH LIFE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 63401 )
Policy contract number022114/VAR.
Policy instance 1
GENWORTH LIFE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 63401 )
Policy contract number022114/VAR.
Policy instance 1
GENWORTH LIFE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 63401 )
Policy contract number022114/VAR.
Policy instance 1

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