Civic Intelligence
Filing

Polytek Development Corp. Profit Sharing Plan

Polytek Development Corp. • EIN 22-2554316 • Plan year 2000

Company ProfileSource Archive
Filing Insights

Participants

Down

23 → 20

-3 • -13.04%

Assets

Down

$1,313,797 → $1,205,946

-$107,851 • -8.21%

Investment Management Fee

-

Admin expenses - • Total expenses $154,032

Filing Details

Context
Net investment result
$-107,851

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

Not reported

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

Not reported

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Not reported

5% transactions reported

Not reported

All plan assets distributed

No

Benefits paid when due

Not reported

Plan blackout period

Not reported

Plan termination resolution adopted

No

Counterparties

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
20242224$17,280,483$2,364,938$10,558iApproximate average salary by contribution assumption: employee only about $263,944 at 4% or $175,963 at 6%; with 50% employer match about $175,963 at 4% or $117,308 at 6%; with 100% employer match about $131,972 at 4% or $87,981 at 6%.
Polytek Development Corp. Profit Sharing Plan-224$17,280,483$2,364,938$10,558iApproximate average salary by contribution assumption: employee only about $263,944 at 4% or $175,963 at 6%; with 50% employer match about $175,963 at 4% or $117,308 at 6%; with 100% employer match about $131,972 at 4% or $87,981 at 6%.
Polytek Development Corp. Employee Benefit Plan-185---
20232261$14,073,019$2,007,301$7,691iApproximate average salary by contribution assumption: employee only about $192,270 at 4% or $128,180 at 6%; with 50% employer match about $128,180 at 4% or $85,453 at 6%; with 100% employer match about $96,135 at 4% or $64,090 at 6%.
Polytek Development Corp. Profit Sharing Plan-209$14,073,019$2,007,301$9,604iApproximate average salary by contribution assumption: employee only about $240,108 at 4% or $160,072 at 6%; with 50% employer match about $160,072 at 4% or $106,715 at 6%; with 100% employer match about $120,054 at 4% or $80,036 at 6%.
Polytek Development Corp. Employee Benefit Plan-261---
20222285$10,940,693$2,458,576$8,627iApproximate average salary by contribution assumption: employee only about $215,665 at 4% or $143,776 at 6%; with 50% employer match about $143,776 at 4% or $95,851 at 6%; with 100% employer match about $107,832 at 4% or $71,888 at 6%.
Polytek Development Corp. Profit Sharing Plan-167$10,940,693$2,458,576$14,722iApproximate average salary by contribution assumption: employee only about $368,050 at 4% or $245,367 at 6%; with 50% employer match about $245,367 at 4% or $163,578 at 6%; with 100% employer match about $184,025 at 4% or $122,683 at 6%.
Polytek Development Corp. Employee Benefit Plan-285---
20212301$11,941,293$3,751,914$12,465iApproximate average salary by contribution assumption: employee only about $311,621 at 4% or $207,747 at 6%; with 50% employer match about $207,747 at 4% or $138,498 at 6%; with 100% employer match about $155,810 at 4% or $103,874 at 6%.
Polytek Development Corp. Profit Sharing Plan-177$11,941,293$3,751,914$21,197iApproximate average salary by contribution assumption: employee only about $529,931 at 4% or $353,288 at 6%; with 50% employer match about $353,288 at 4% or $235,525 at 6%; with 100% employer match about $264,966 at 4% or $176,644 at 6%.
Polytek Development Corp. Employee Benefit Plan-301---
20202218$7,130,508$920,455$4,222iApproximate average salary by contribution assumption: employee only about $105,557 at 4% or $70,371 at 6%; with 50% employer match about $70,371 at 4% or $46,914 at 6%; with 100% employer match about $52,778 at 4% or $35,186 at 6%.
Polytek Development Corp. Profit Sharing Plan-92$7,130,508$920,455$10,005iApproximate average salary by contribution assumption: employee only about $250,124 at 4% or $166,749 at 6%; with 50% employer match about $166,749 at 4% or $111,166 at 6%; with 100% employer match about $125,062 at 4% or $83,375 at 6%.
Polytek Development Corp. Employee Benefit Plan-218---
2019171$5,874,672$804,783$11,335iApproximate average salary by contribution assumption: employee only about $283,374 at 4% or $188,916 at 6%; with 50% employer match about $188,916 at 4% or $125,944 at 6%; with 100% employer match about $141,687 at 4% or $94,458 at 6%.
Polytek Development Corp. Profit Sharing Plan-71$5,874,672$804,783$11,335iApproximate average salary by contribution assumption: employee only about $283,374 at 4% or $188,916 at 6%; with 50% employer match about $188,916 at 4% or $125,944 at 6%; with 100% employer match about $141,687 at 4% or $94,458 at 6%.
2018176$4,447,708$945,524$12,441iApproximate average salary by contribution assumption: employee only about $311,028 at 4% or $207,352 at 6%; with 50% employer match about $207,352 at 4% or $138,235 at 6%; with 100% employer match about $155,514 at 4% or $103,676 at 6%.
Polytek Development Corp. Profit Sharing Plan-76$4,447,708$945,524$12,441iApproximate average salary by contribution assumption: employee only about $311,028 at 4% or $207,352 at 6%; with 50% employer match about $207,352 at 4% or $138,235 at 6%; with 100% employer match about $155,514 at 4% or $103,676 at 6%.
2017121$3,625,275$244,921$11,663iApproximate average salary by contribution assumption: employee only about $291,573 at 4% or $194,382 at 6%; with 50% employer match about $194,382 at 4% or $129,588 at 6%; with 100% employer match about $145,786 at 4% or $97,191 at 6%.
Polytek Development Corp. Profit Sharing Plan-21$3,625,275$244,921$11,663iApproximate average salary by contribution assumption: employee only about $291,573 at 4% or $194,382 at 6%; with 50% employer match about $194,382 at 4% or $129,588 at 6%; with 100% employer match about $145,786 at 4% or $97,191 at 6%.
2016122$3,166,919$377,752$17,171iApproximate average salary by contribution assumption: employee only about $429,264 at 4% or $286,176 at 6%; with 50% employer match about $286,176 at 4% or $190,784 at 6%; with 100% employer match about $214,632 at 4% or $143,088 at 6%.
Polytek Development Corp. Profit Sharing Plan-22$3,166,919$377,752$17,171iApproximate average salary by contribution assumption: employee only about $429,264 at 4% or $286,176 at 6%; with 50% employer match about $286,176 at 4% or $190,784 at 6%; with 100% employer match about $214,632 at 4% or $143,088 at 6%.
2015123$3,424,796$339,678$14,769iApproximate average salary by contribution assumption: employee only about $369,215 at 4% or $246,143 at 6%; with 50% employer match about $246,143 at 4% or $164,096 at 6%; with 100% employer match about $184,608 at 4% or $123,072 at 6%.
Polytek Development Corp. Profit Sharing Plan-23$3,424,796$339,678$14,769iApproximate average salary by contribution assumption: employee only about $369,215 at 4% or $246,143 at 6%; with 50% employer match about $246,143 at 4% or $164,096 at 6%; with 100% employer match about $184,608 at 4% or $123,072 at 6%.
2014121$3,789,898$313,449$14,926iApproximate average salary by contribution assumption: employee only about $373,154 at 4% or $248,769 at 6%; with 50% employer match about $248,769 at 4% or $165,846 at 6%; with 100% employer match about $186,577 at 4% or $124,385 at 6%.
Polytek Development Corp. Profit Sharing Plan-21$3,789,898$313,449$14,926iApproximate average salary by contribution assumption: employee only about $373,154 at 4% or $248,769 at 6%; with 50% employer match about $248,769 at 4% or $165,846 at 6%; with 100% employer match about $186,577 at 4% or $124,385 at 6%.
2013121$3,583,596$295,482$14,071iApproximate average salary by contribution assumption: employee only about $351,764 at 4% or $234,510 at 6%; with 50% employer match about $234,510 at 4% or $156,340 at 6%; with 100% employer match about $175,882 at 4% or $117,255 at 6%.
Polytek Development Corp. Profit Sharing Plan-21$3,583,596$295,482$14,071iApproximate average salary by contribution assumption: employee only about $351,764 at 4% or $234,510 at 6%; with 50% employer match about $234,510 at 4% or $156,340 at 6%; with 100% employer match about $175,882 at 4% or $117,255 at 6%.
2012120$2,890,896$281,472$14,074iApproximate average salary by contribution assumption: employee only about $351,840 at 4% or $234,560 at 6%; with 50% employer match about $234,560 at 4% or $156,373 at 6%; with 100% employer match about $175,920 at 4% or $117,280 at 6%.
Polytek Development Corp. Profit Sharing Plan-20$2,890,896$281,472$14,074iApproximate average salary by contribution assumption: employee only about $351,840 at 4% or $234,560 at 6%; with 50% employer match about $234,560 at 4% or $156,373 at 6%; with 100% employer match about $175,920 at 4% or $117,280 at 6%.
2011120$2,480,732$274,717$13,736iApproximate average salary by contribution assumption: employee only about $343,396 at 4% or $228,931 at 6%; with 50% employer match about $228,931 at 4% or $152,621 at 6%; with 100% employer match about $171,698 at 4% or $114,465 at 6%.
Polytek Development Corp. Profit Sharing Plan-20$2,480,732$274,717$13,736iApproximate average salary by contribution assumption: employee only about $343,396 at 4% or $228,931 at 6%; with 50% employer match about $228,931 at 4% or $152,621 at 6%; with 100% employer match about $171,698 at 4% or $114,465 at 6%.
2010120$2,294,514$305,882$15,294iApproximate average salary by contribution assumption: employee only about $382,353 at 4% or $254,902 at 6%; with 50% employer match about $254,902 at 4% or $169,934 at 6%; with 100% employer match about $191,176 at 4% or $127,451 at 6%.
Polytek Development Corp. Profit Sharing Plan-20$2,294,514$305,882$15,294iApproximate average salary by contribution assumption: employee only about $382,353 at 4% or $254,902 at 6%; with 50% employer match about $254,902 at 4% or $169,934 at 6%; with 100% employer match about $191,176 at 4% or $127,451 at 6%.
2009124$1,935,012$270,305$11,263iApproximate average salary by contribution assumption: employee only about $281,568 at 4% or $187,712 at 6%; with 50% employer match about $187,712 at 4% or $125,141 at 6%; with 100% employer match about $140,784 at 4% or $93,856 at 6%.
Polytek Development Corp. Profit Sharing Plan-24$1,935,012$270,305$11,263iApproximate average salary by contribution assumption: employee only about $281,568 at 4% or $187,712 at 6%; with 50% employer match about $187,712 at 4% or $125,141 at 6%; with 100% employer match about $140,784 at 4% or $93,856 at 6%.
2008127$1,179,733$284,852$10,550iApproximate average salary by contribution assumption: employee only about $263,752 at 4% or $175,835 at 6%; with 50% employer match about $175,835 at 4% or $117,223 at 6%; with 100% employer match about $131,876 at 4% or $87,917 at 6%.
Polytek Development Corp. Profit Sharing Plan-27$1,179,733$284,852$10,550iApproximate average salary by contribution assumption: employee only about $263,752 at 4% or $175,835 at 6%; with 50% employer match about $175,835 at 4% or $117,223 at 6%; with 100% employer match about $131,876 at 4% or $87,917 at 6%.
2007119$1,893,550$284,852$14,992iApproximate average salary by contribution assumption: employee only about $374,805 at 4% or $249,870 at 6%; with 50% employer match about $249,870 at 4% or $166,580 at 6%; with 100% employer match about $187,403 at 4% or $124,935 at 6%.
Polytek Development Corp. Profit Sharing Plan-19$1,893,550$284,852$14,992iApproximate average salary by contribution assumption: employee only about $374,805 at 4% or $249,870 at 6%; with 50% employer match about $249,870 at 4% or $166,580 at 6%; with 100% employer match about $187,403 at 4% or $124,935 at 6%.
2006121$1,802,390$269,465$12,832iApproximate average salary by contribution assumption: employee only about $320,792 at 4% or $213,861 at 6%; with 50% employer match about $213,861 at 4% or $142,574 at 6%; with 100% employer match about $160,396 at 4% or $106,931 at 6%.
Polytek Development Corp. Profit Sharing Plan-21$1,802,390$269,465$12,832iApproximate average salary by contribution assumption: employee only about $320,792 at 4% or $213,861 at 6%; with 50% employer match about $213,861 at 4% or $142,574 at 6%; with 100% employer match about $160,396 at 4% or $106,931 at 6%.
2005121$1,544,810$274,212$13,058iApproximate average salary by contribution assumption: employee only about $326,443 at 4% or $217,629 at 6%; with 50% employer match about $217,629 at 4% or $145,086 at 6%; with 100% employer match about $163,221 at 4% or $108,814 at 6%.
Polytek Development Corp. Profit Sharing Plan-21$1,544,810$274,212$13,058iApproximate average salary by contribution assumption: employee only about $326,443 at 4% or $217,629 at 6%; with 50% employer match about $217,629 at 4% or $145,086 at 6%; with 100% employer match about $163,221 at 4% or $108,814 at 6%.
2004123$1,351,696$251,993$10,956iApproximate average salary by contribution assumption: employee only about $273,905 at 4% or $182,604 at 6%; with 50% employer match about $182,604 at 4% or $121,736 at 6%; with 100% employer match about $136,953 at 4% or $91,302 at 6%.
Polytek Development Corp. Profit Sharing Plan-23$1,351,696$251,993$10,956iApproximate average salary by contribution assumption: employee only about $273,905 at 4% or $182,604 at 6%; with 50% employer match about $182,604 at 4% or $121,736 at 6%; with 100% employer match about $136,953 at 4% or $91,302 at 6%.
2003123$1,050,434$255,343$11,102iApproximate average salary by contribution assumption: employee only about $277,547 at 4% or $185,031 at 6%; with 50% employer match about $185,031 at 4% or $123,354 at 6%; with 100% employer match about $138,773 at 4% or $92,516 at 6%.
Polytek Development Corp. Profit Sharing Plan-23$1,050,434$255,343$11,102iApproximate average salary by contribution assumption: employee only about $277,547 at 4% or $185,031 at 6%; with 50% employer match about $185,031 at 4% or $123,354 at 6%; with 100% employer match about $138,773 at 4% or $92,516 at 6%.
2002123$1,448,459$251,810$10,948iApproximate average salary by contribution assumption: employee only about $273,707 at 4% or $182,471 at 6%; with 50% employer match about $182,471 at 4% or $121,647 at 6%; with 100% employer match about $136,853 at 4% or $91,236 at 6%.
Polytek Development Corp. Profit Sharing Plan-23$1,448,459$251,810$10,948iApproximate average salary by contribution assumption: employee only about $273,707 at 4% or $182,471 at 6%; with 50% employer match about $182,471 at 4% or $121,647 at 6%; with 100% employer match about $136,853 at 4% or $91,236 at 6%.
2001122$1,383,107$224,554$10,207iApproximate average salary by contribution assumption: employee only about $255,175 at 4% or $170,117 at 6%; with 50% employer match about $170,117 at 4% or $113,411 at 6%; with 100% employer match about $127,588 at 4% or $85,058 at 6%.
Polytek Development Corp. Profit Sharing Plan-22$1,383,107$224,554$10,207iApproximate average salary by contribution assumption: employee only about $255,175 at 4% or $170,117 at 6%; with 50% employer match about $170,117 at 4% or $113,411 at 6%; with 100% employer match about $127,588 at 4% or $85,058 at 6%.
2000120$1,205,946$207,440$10,372iApproximate average salary by contribution assumption: employee only about $259,300 at 4% or $172,867 at 6%; with 50% employer match about $172,867 at 4% or $115,244 at 6%; with 100% employer match about $129,650 at 4% or $86,433 at 6%.
Polytek Development Corp. Profit Sharing PlanCurrent20$1,205,946$207,440$10,372iApproximate average salary by contribution assumption: employee only about $259,300 at 4% or $172,867 at 6%; with 50% employer match about $172,867 at 4% or $115,244 at 6%; with 100% employer match about $129,650 at 4% or $86,433 at 6%.
1999122$1,313,797$194,489$8,840iApproximate average salary by contribution assumption: employee only about $221,010 at 4% or $147,340 at 6%; with 50% employer match about $147,340 at 4% or $98,227 at 6%; with 100% employer match about $110,505 at 4% or $73,670 at 6%.
Polytek Development Corp. Profit Sharing Plan-22$1,313,797$194,489$8,840iApproximate average salary by contribution assumption: employee only about $221,010 at 4% or $147,340 at 6%; with 50% employer match about $147,340 at 4% or $98,227 at 6%; with 100% employer match about $110,505 at 4% or $73,670 at 6%.
Schedule Details

Schedule I

Schedule I Financial Statement

Small plan result

Balance sheet and activity values reported by the filer for this small-plan annual return.

End-of-year assets$1,205,946-$107,851 change

Balance Sheet

Beginning and end of plan year.

Total assets$1,313,797$1,205,946Decrease -$107,851 (-8.21%)
Total liabilities$0$0No change $0
Net assets$1,313,797$1,205,946Decrease -$107,851 (-8.21%)

Contributions

Employer contributions$207,440
Participant contributions$0
Other contributions$0

Income & Expenses

Total income$46,181
Total expenses$154,032
Net income$-107,851
Source fields
Schedule I source fields
Filing Id
91037011521362
Schedule I EIN
22-2554316
Schedule I Plan Num
001
Schedule I Plan Year Begin Date
2000-01-01
Schedule I Tax Period
20001231
Small plan total assets at beginning of year
$1,313,797
Small plan total liabilities at beginning of year
$0
Small plan net assets at beginning of year
$1,313,797
Small plan total assets at end of year
$1,205,946
Small plan total liabilities at end of year
$0
Small plan net assets at end of year
$1,205,946
Small plan employer contributions
$207,440
Small plan participant contributions
$0
Small Oth Contribution Rcvd Amount
$0
Small Non Cash Contribution Bs Amount
$0
Small Other Income Amount
$-161,259
Small plan total income
$46,181
Small plan total benefit distributions
$154,032
Small Corrective Distribution Amount
$0
Small Dm Dstrb Ptcp Ln A
0
Small Oth Expenses Amount
$0
Small plan total expenses
$154,032
Small plan net income or loss
$-107,851
Small Total Plan Transfers Amount
$0
Small Joint Venture End of year Indicator
No
Small Joint Venture End of year Amount
$0
Small Employer Prop End of year Indicator
No
Small Employer Prop End of year Amount
$0
Small Investment Real Est End of year I
2
Small Investment Real Est End of year A
0
Small Employer Sec End of year Indicator
No
Small Employer Sec End of year Amount
$0
Small Mortg Participants End of year Indicator
No
Small Mortg Participants End of year Amount
$0
Small Oth Lns Participants End of year Indicator
No
Small Oth Lns Participants End of year Amount
$0
Small Personal Prop End of year Indicator
No
Small Personal Prop End of year Amount
$0
Small Fail Xmt Ctb I
2
Small Fail Xmt Ctb A
0
Small plan participant loans in default
No
Small Loans In Default Amount
$0
Small plan leases in default
No
Small Leases In Default Amount
$0
Small Pt In Interest Not Reported I
2
Small Pt In Interest Not Reported A
0
Small plan fidelity bond in place
Yes
Small plan fidelity bond amount
$150,000
Small plan loss discovered during year
No
Small Loss Discovered Dur Year Amount
$0
Small plan assets with undetermined value
No
Small Asset Undeterm Valuation Amount
$0
Small plan non-cash contributions reported
No
Small Non Cash Contribution Amount
$0
Small 20 Percent Sngl Investment Indicator
No
Small 20 Percent Sngl Investment Amount
$0
Small plan all plan assets distributed
No
Small plan resolution to terminate plan adopted
No
Small Res Terminate Plan Adpt Amount
$0