Forming Systems Inc.
Plan context: Forming Systems Inc. 401(K) Retirement Plan
EIN 32-0009832 • Schoolcraft, MI • 10 filings • 1 plans
Current Snapshot
Latest Year
2024
2024 Participants
1
2024 Assets
$362,259
2024 Contributions
$37,000
Historical Graphs
Total Assets Over Time
Aggregate end-of-year assets by filing year, excluding zero-asset years
Participants Over Time
Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans
Company Timeline
Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.
| Year / Filing | Filings | Participants | Assets | Contributions | Contrib./Participant |
|---|---|---|---|---|---|
| 2024 | 1 | 1 | $362,259 | $37,000 | $37,000iApproximate average salary by contribution assumption: employee only about $925,000 at 4% or $616,667 at 6%; with 50% employer match about $616,667 at 4% or $411,111 at 6%; with 100% employer match about $462,500 at 4% or $308,333 at 6%. |
| Forming Systems Inc. 401(K) Retirement Plan | - | 1 | $362,259 | $37,000 | $37,000iApproximate average salary by contribution assumption: employee only about $925,000 at 4% or $616,667 at 6%; with 50% employer match about $616,667 at 4% or $411,111 at 6%; with 100% employer match about $462,500 at 4% or $308,333 at 6%. |
| 2023 | 1 | 2 | $474,261 | $31,000 | $15,500iApproximate average salary by contribution assumption: employee only about $387,500 at 4% or $258,333 at 6%; with 50% employer match about $258,333 at 4% or $172,222 at 6%; with 100% employer match about $193,750 at 4% or $129,167 at 6%. |
| Forming Systems Inc. 401(K) Retirement Plan | - | 2 | $474,261 | $31,000 | $15,500iApproximate average salary by contribution assumption: employee only about $387,500 at 4% or $258,333 at 6%; with 50% employer match about $258,333 at 4% or $172,222 at 6%; with 100% employer match about $193,750 at 4% or $129,167 at 6%. |
| 2022 | 1 | 2 | $401,772 | $27,650 | $13,825iApproximate average salary by contribution assumption: employee only about $345,625 at 4% or $230,417 at 6%; with 50% employer match about $230,417 at 4% or $153,611 at 6%; with 100% employer match about $172,813 at 4% or $115,208 at 6%. |
| Forming Systems Inc. 401(K) Retirement Plan | - | 2 | $401,772 | $27,650 | $13,825iApproximate average salary by contribution assumption: employee only about $345,625 at 4% or $230,417 at 6%; with 50% employer match about $230,417 at 4% or $153,611 at 6%; with 100% employer match about $172,813 at 4% or $115,208 at 6%. |
| 2021 | 1 | 2 | $434,957 | $26,600 | $13,300iApproximate average salary by contribution assumption: employee only about $332,500 at 4% or $221,667 at 6%; with 50% employer match about $221,667 at 4% or $147,778 at 6%; with 100% employer match about $166,250 at 4% or $110,833 at 6%. |
| Forming Systems Inc. 401(K) Retirement Plan | - | 2 | $434,957 | $26,600 | $13,300iApproximate average salary by contribution assumption: employee only about $332,500 at 4% or $221,667 at 6%; with 50% employer match about $221,667 at 4% or $147,778 at 6%; with 100% employer match about $166,250 at 4% or $110,833 at 6%. |
| 2020 | 1 | 2 | $368,348 | $8,139 | $4,070iApproximate average salary by contribution assumption: employee only about $101,738 at 4% or $67,825 at 6%; with 50% employer match about $67,825 at 4% or $45,217 at 6%; with 100% employer match about $50,869 at 4% or $33,913 at 6%. |
| Forming Systems Inc. 401(K) Retirement Plan | - | 2 | $368,348 | $8,139 | $4,070iApproximate average salary by contribution assumption: employee only about $101,738 at 4% or $67,825 at 6%; with 50% employer match about $67,825 at 4% or $45,217 at 6%; with 100% employer match about $50,869 at 4% or $33,913 at 6%. |
| 2019 | 1 | 2 | $320,623 | $23,981 | $11,991iApproximate average salary by contribution assumption: employee only about $299,763 at 4% or $199,842 at 6%; with 50% employer match about $199,842 at 4% or $133,228 at 6%; with 100% employer match about $149,881 at 4% or $99,921 at 6%. |
| Forming Systems Inc. 401(K) Retirement Plan | - | 2 | $320,623 | $23,981 | $11,991iApproximate average salary by contribution assumption: employee only about $299,763 at 4% or $199,842 at 6%; with 50% employer match about $199,842 at 4% or $133,228 at 6%; with 100% employer match about $149,881 at 4% or $99,921 at 6%. |
| 2018 | 1 | 3 | $824,015 | $73,800 | $24,600iApproximate average salary by contribution assumption: employee only about $615,000 at 4% or $410,000 at 6%; with 50% employer match about $410,000 at 4% or $273,333 at 6%; with 100% employer match about $307,500 at 4% or $205,000 at 6%. |
| Forming Systems Inc. 401(K) Retirement Plan | - | 3 | $824,015 | $73,800 | $24,600iApproximate average salary by contribution assumption: employee only about $615,000 at 4% or $410,000 at 6%; with 50% employer match about $410,000 at 4% or $273,333 at 6%; with 100% employer match about $307,500 at 4% or $205,000 at 6%. |
| 2017 | 1 | 3 | $836,600 | $70,016 | $23,339iApproximate average salary by contribution assumption: employee only about $583,467 at 4% or $388,978 at 6%; with 50% employer match about $388,978 at 4% or $259,319 at 6%; with 100% employer match about $291,733 at 4% or $194,489 at 6%. |
| Forming Systems Inc. 401(K) Retirement Plan | - | 3 | $836,600 | $70,016 | $23,339iApproximate average salary by contribution assumption: employee only about $583,467 at 4% or $388,978 at 6%; with 50% employer match about $388,978 at 4% or $259,319 at 6%; with 100% employer match about $291,733 at 4% or $194,489 at 6%. |
| 2016 | 1 | 3 | $684,180 | $92,667 | $30,889iApproximate average salary by contribution assumption: employee only about $772,225 at 4% or $514,817 at 6%; with 50% employer match about $514,817 at 4% or $343,211 at 6%; with 100% employer match about $386,113 at 4% or $257,408 at 6%. |
| Forming Systems Inc. 401(K) Retirement Plan | - | 3 | $684,180 | $92,667 | $30,889iApproximate average salary by contribution assumption: employee only about $772,225 at 4% or $514,817 at 6%; with 50% employer match about $514,817 at 4% or $343,211 at 6%; with 100% employer match about $386,113 at 4% or $257,408 at 6%. |
| 2015 | 1 | 3 | $568,513 | $573,354 | $191,118iApproximate average salary by contribution assumption: employee only about $4,777,950 at 4% or $3,185,300 at 6%; with 50% employer match about $3,185,300 at 4% or $2,123,533 at 6%; with 100% employer match about $2,388,975 at 4% or $1,592,650 at 6%. |
| Forming Systems Inc. 401(K) Retirement Plan | - | 3 | $568,513 | $573,354 | $191,118iApproximate average salary by contribution assumption: employee only about $4,777,950 at 4% or $3,185,300 at 6%; with 50% employer match about $3,185,300 at 4% or $2,123,533 at 6%; with 100% employer match about $2,388,975 at 4% or $1,592,650 at 6%. |