Civic Intelligence

Independent Tool & Manufacturing Co

Plan context: Independent Tool & Manufacturing Co. 401K Profit Sharing Plan

EIN 38-1960774 • Allegan, MI • 26 filings • 7 plans

661 44th StreetAllegan, MI 49010-9331
Current Snapshot

Latest Year

2024

2024 Participants

6

2024 Assets

$757,118

2024 Contributions

$17,719

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$1,023,959$511,980$0199920132024YearValue
$757,118Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

29150199920122024YearValue
6Latest year 2024

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 / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202416$757,118$17,719$2,953iApproximate average salary by contribution assumption: employee only about $73,829 at 4% or $49,219 at 6%; with 50% employer match about $49,219 at 4% or $32,813 at 6%; with 100% employer match about $36,915 at 4% or $24,610 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-6$757,118$17,719$2,953iApproximate average salary by contribution assumption: employee only about $73,829 at 4% or $49,219 at 6%; with 50% employer match about $49,219 at 4% or $32,813 at 6%; with 100% employer match about $36,915 at 4% or $24,610 at 6%.
202315$767,148$19,516$3,903iApproximate average salary by contribution assumption: employee only about $97,580 at 4% or $65,053 at 6%; with 50% employer match about $65,053 at 4% or $43,369 at 6%; with 100% employer match about $48,790 at 4% or $32,527 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-5$767,148$19,516$3,903iApproximate average salary by contribution assumption: employee only about $97,580 at 4% or $65,053 at 6%; with 50% employer match about $65,053 at 4% or $43,369 at 6%; with 100% employer match about $48,790 at 4% or $32,527 at 6%.
202217$709,280$24,524$3,503iApproximate average salary by contribution assumption: employee only about $87,586 at 4% or $58,390 at 6%; with 50% employer match about $58,390 at 4% or $38,927 at 6%; with 100% employer match about $43,793 at 4% or $29,195 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-7$709,280$24,524$3,503iApproximate average salary by contribution assumption: employee only about $87,586 at 4% or $58,390 at 6%; with 50% employer match about $58,390 at 4% or $38,927 at 6%; with 100% employer match about $43,793 at 4% or $29,195 at 6%.
2021111$1,023,959$27,847$2,532iApproximate average salary by contribution assumption: employee only about $63,289 at 4% or $42,192 at 6%; with 50% employer match about $42,192 at 4% or $28,128 at 6%; with 100% employer match about $31,644 at 4% or $21,096 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-11$1,023,959$27,847$2,532iApproximate average salary by contribution assumption: employee only about $63,289 at 4% or $42,192 at 6%; with 50% employer match about $42,192 at 4% or $28,128 at 6%; with 100% employer match about $31,644 at 4% or $21,096 at 6%.
2020112$897,336$27,390$2,283iApproximate average salary by contribution assumption: employee only about $57,063 at 4% or $38,042 at 6%; with 50% employer match about $38,042 at 4% or $25,361 at 6%; with 100% employer match about $28,531 at 4% or $19,021 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-12$897,336$27,390$2,283iApproximate average salary by contribution assumption: employee only about $57,063 at 4% or $38,042 at 6%; with 50% employer match about $38,042 at 4% or $25,361 at 6%; with 100% employer match about $28,531 at 4% or $19,021 at 6%.
2019112$731,683$28,279$2,357iApproximate average salary by contribution assumption: employee only about $58,915 at 4% or $39,276 at 6%; with 50% employer match about $39,276 at 4% or $26,184 at 6%; with 100% employer match about $29,457 at 4% or $19,638 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-12$731,683$28,279$2,357iApproximate average salary by contribution assumption: employee only about $58,915 at 4% or $39,276 at 6%; with 50% employer match about $39,276 at 4% or $26,184 at 6%; with 100% employer match about $29,457 at 4% or $19,638 at 6%.
2018113$713,749$27,474$2,113iApproximate average salary by contribution assumption: employee only about $52,835 at 4% or $35,223 at 6%; with 50% employer match about $35,223 at 4% or $23,482 at 6%; with 100% employer match about $26,417 at 4% or $17,612 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-13$713,749$27,474$2,113iApproximate average salary by contribution assumption: employee only about $52,835 at 4% or $35,223 at 6%; with 50% employer match about $35,223 at 4% or $23,482 at 6%; with 100% employer match about $26,417 at 4% or $17,612 at 6%.
2017111$716,667$29,882$2,717iApproximate average salary by contribution assumption: employee only about $67,914 at 4% or $45,276 at 6%; with 50% employer match about $45,276 at 4% or $30,184 at 6%; with 100% employer match about $33,957 at 4% or $22,638 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-11$716,667$29,882$2,717iApproximate average salary by contribution assumption: employee only about $67,914 at 4% or $45,276 at 6%; with 50% employer match about $45,276 at 4% or $30,184 at 6%; with 100% employer match about $33,957 at 4% or $22,638 at 6%.
2016113$897,817$33,630$2,587iApproximate average salary by contribution assumption: employee only about $64,673 at 4% or $43,115 at 6%; with 50% employer match about $43,115 at 4% or $28,744 at 6%; with 100% employer match about $32,337 at 4% or $21,558 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-13$897,817$33,630$2,587iApproximate average salary by contribution assumption: employee only about $64,673 at 4% or $43,115 at 6%; with 50% employer match about $43,115 at 4% or $28,744 at 6%; with 100% employer match about $32,337 at 4% or $21,558 at 6%.
2015116$991,771$35,865$2,242iApproximate average salary by contribution assumption: employee only about $56,039 at 4% or $37,359 at 6%; with 50% employer match about $37,359 at 4% or $24,906 at 6%; with 100% employer match about $28,020 at 4% or $18,680 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-16$991,771$35,865$2,242iApproximate average salary by contribution assumption: employee only about $56,039 at 4% or $37,359 at 6%; with 50% employer match about $37,359 at 4% or $24,906 at 6%; with 100% employer match about $28,020 at 4% or $18,680 at 6%.
2014120$946,821$34,066$1,703iApproximate average salary by contribution assumption: employee only about $42,583 at 4% or $28,388 at 6%; with 50% employer match about $28,388 at 4% or $18,926 at 6%; with 100% employer match about $21,291 at 4% or $14,194 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-20$946,821$34,066$1,703iApproximate average salary by contribution assumption: employee only about $42,583 at 4% or $28,388 at 6%; with 50% employer match about $28,388 at 4% or $18,926 at 6%; with 100% employer match about $21,291 at 4% or $14,194 at 6%.
2013122$868,804$34,314$1,560iApproximate average salary by contribution assumption: employee only about $38,993 at 4% or $25,995 at 6%; with 50% employer match about $25,995 at 4% or $17,330 at 6%; with 100% employer match about $19,497 at 4% or $12,998 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-22$868,804$34,314$1,560iApproximate average salary by contribution assumption: employee only about $38,993 at 4% or $25,995 at 6%; with 50% employer match about $25,995 at 4% or $17,330 at 6%; with 100% employer match about $19,497 at 4% or $12,998 at 6%.
2012123$727,332$45,182$1,964iApproximate average salary by contribution assumption: employee only about $49,111 at 4% or $32,741 at 6%; with 50% employer match about $32,741 at 4% or $21,827 at 6%; with 100% employer match about $24,555 at 4% or $16,370 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-23$727,332$45,182$1,964iApproximate average salary by contribution assumption: employee only about $49,111 at 4% or $32,741 at 6%; with 50% employer match about $32,741 at 4% or $21,827 at 6%; with 100% employer match about $24,555 at 4% or $16,370 at 6%.
2011124$665,934$47,266$1,969iApproximate average salary by contribution assumption: employee only about $49,235 at 4% or $32,824 at 6%; with 50% employer match about $32,824 at 4% or $21,882 at 6%; with 100% employer match about $24,618 at 4% or $16,412 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-24$665,934$47,266$1,969iApproximate average salary by contribution assumption: employee only about $49,235 at 4% or $32,824 at 6%; with 50% employer match about $32,824 at 4% or $21,882 at 6%; with 100% employer match about $24,618 at 4% or $16,412 at 6%.
2010127$675,253$55,984$2,073iApproximate average salary by contribution assumption: employee only about $51,837 at 4% or $34,558 at 6%; with 50% employer match about $34,558 at 4% or $23,039 at 6%; with 100% employer match about $25,919 at 4% or $17,279 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-27$675,253$55,984$2,073iApproximate average salary by contribution assumption: employee only about $51,837 at 4% or $34,558 at 6%; with 50% employer match about $34,558 at 4% or $23,039 at 6%; with 100% employer match about $25,919 at 4% or $17,279 at 6%.
2009125$617,765$60,987$2,439iApproximate average salary by contribution assumption: employee only about $60,987 at 4% or $40,658 at 6%; with 50% employer match about $40,658 at 4% or $27,105 at 6%; with 100% employer match about $30,494 at 4% or $20,329 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-25$617,765$60,987$2,439iApproximate average salary by contribution assumption: employee only about $60,987 at 4% or $40,658 at 6%; with 50% employer match about $40,658 at 4% or $27,105 at 6%; with 100% employer match about $30,494 at 4% or $20,329 at 6%.
2008127$449,648$60,240$2,231iApproximate average salary by contribution assumption: employee only about $55,778 at 4% or $37,185 at 6%; with 50% employer match about $37,185 at 4% or $24,790 at 6%; with 100% employer match about $27,889 at 4% or $18,593 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-27$449,648$60,240$2,231iApproximate average salary by contribution assumption: employee only about $55,778 at 4% or $37,185 at 6%; with 50% employer match about $37,185 at 4% or $24,790 at 6%; with 100% employer match about $27,889 at 4% or $18,593 at 6%.
2007127$0$0-
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-27---
2006123$536,409$52,060$2,263iApproximate average salary by contribution assumption: employee only about $56,587 at 4% or $37,725 at 6%; with 50% employer match about $37,725 at 4% or $25,150 at 6%; with 100% employer match about $28,293 at 4% or $18,862 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-23$536,409$52,060$2,263iApproximate average salary by contribution assumption: employee only about $56,587 at 4% or $37,725 at 6%; with 50% employer match about $37,725 at 4% or $25,150 at 6%; with 100% employer match about $28,293 at 4% or $18,862 at 6%.
2005129$483,966$48,870$1,685iApproximate average salary by contribution assumption: employee only about $42,129 at 4% or $28,086 at 6%; with 50% employer match about $28,086 at 4% or $18,724 at 6%; with 100% employer match about $21,065 at 4% or $14,043 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-29$483,966$48,870$1,685iApproximate average salary by contribution assumption: employee only about $42,129 at 4% or $28,086 at 6%; with 50% employer match about $28,086 at 4% or $18,724 at 6%; with 100% employer match about $21,065 at 4% or $14,043 at 6%.
2004123$445,432$32,975$1,434iApproximate average salary by contribution assumption: employee only about $35,842 at 4% or $23,895 at 6%; with 50% employer match about $23,895 at 4% or $15,930 at 6%; with 100% employer match about $17,921 at 4% or $11,947 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-23$445,432$32,975$1,434iApproximate average salary by contribution assumption: employee only about $35,842 at 4% or $23,895 at 6%; with 50% employer match about $23,895 at 4% or $15,930 at 6%; with 100% employer match about $17,921 at 4% or $11,947 at 6%.
2003122$431,874$49,413$2,246iApproximate average salary by contribution assumption: employee only about $56,151 at 4% or $37,434 at 6%; with 50% employer match about $37,434 at 4% or $24,956 at 6%; with 100% employer match about $28,076 at 4% or $18,717 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-22$431,874$49,413$2,246iApproximate average salary by contribution assumption: employee only about $56,151 at 4% or $37,434 at 6%; with 50% employer match about $37,434 at 4% or $24,956 at 6%; with 100% employer match about $28,076 at 4% or $18,717 at 6%.
2002124$324,723$50,677$2,112iApproximate average salary by contribution assumption: employee only about $52,789 at 4% or $35,192 at 6%; with 50% employer match about $35,192 at 4% or $23,462 at 6%; with 100% employer match about $26,394 at 4% or $17,596 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-24$324,723$50,677$2,112iApproximate average salary by contribution assumption: employee only about $52,789 at 4% or $35,192 at 6%; with 50% employer match about $35,192 at 4% or $23,462 at 6%; with 100% employer match about $26,394 at 4% or $17,596 at 6%.
2001122$0$0-
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-22---
2000118$0$0-
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-18---
1999118$316,767$54,101$3,006iApproximate average salary by contribution assumption: employee only about $75,140 at 4% or $50,094 at 6%; with 50% employer match about $50,094 at 4% or $33,396 at 6%; with 100% employer match about $37,570 at 4% or $25,047 at 6%.
Independent Tool & Manufacturing Co. 401K Profit Sharing Plan-18$316,767$54,101$3,006iApproximate average salary by contribution assumption: employee only about $75,140 at 4% or $50,094 at 6%; with 50% employer match about $50,094 at 4% or $33,396 at 6%; with 100% employer match about $37,570 at 4% or $25,047 at 6%.