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Filing

Medical Technique Inc. Profit Sharing Plan and Trust Agreement

Medical Technique Inc. • EIN 86-0849377 • Plan year 2001

Company ProfileSource Archive
Filing Insights

Participants

Up

3 → 4

1 • 33.33%

Assets

Up

$26,258 → $26,464

$206 • 0.78%

Investment Management Fee

-

Admin expenses - • Total expenses $391

Filing Details

Context
Net investment result
$206

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
201010$0$0-
Medical Technique Inc. Profit Sharing Plan and Trust Agreement-----
200916$97,669$10,000$1,667iApproximate average salary by contribution assumption: employee only about $41,667 at 4% or $27,778 at 6%; with 50% employer match about $27,778 at 4% or $18,519 at 6%; with 100% employer match about $20,833 at 4% or $13,889 at 6%.
Medical Technique Inc. Profit Sharing Plan and Trust Agreement-6$97,669$10,000$1,667iApproximate average salary by contribution assumption: employee only about $41,667 at 4% or $27,778 at 6%; with 50% employer match about $27,778 at 4% or $18,519 at 6%; with 100% employer match about $20,833 at 4% or $13,889 at 6%.
200816$79,923$10,000$1,667iApproximate average salary by contribution assumption: employee only about $41,667 at 4% or $27,778 at 6%; with 50% employer match about $27,778 at 4% or $18,519 at 6%; with 100% employer match about $20,833 at 4% or $13,889 at 6%.
Medical Technique Inc. Profit Sharing Plan and Trust Agreement-6$79,923$10,000$1,667iApproximate average salary by contribution assumption: employee only about $41,667 at 4% or $27,778 at 6%; with 50% employer match about $27,778 at 4% or $18,519 at 6%; with 100% employer match about $20,833 at 4% or $13,889 at 6%.
200715$0$0-
Medical Technique Inc. Profit Sharing Plan and Trust Agreement-5---
200615$104,365$10,000$2,000iApproximate average salary by contribution assumption: employee only about $50,000 at 4% or $33,333 at 6%; with 50% employer match about $33,333 at 4% or $22,222 at 6%; with 100% employer match about $25,000 at 4% or $16,667 at 6%.
Medical Technique Inc. Profit Sharing Plan and Trust Agreement-5$104,365$10,000$2,000iApproximate average salary by contribution assumption: employee only about $50,000 at 4% or $33,333 at 6%; with 50% employer match about $33,333 at 4% or $22,222 at 6%; with 100% employer match about $25,000 at 4% or $16,667 at 6%.
200515$90,616$10,000$2,000iApproximate average salary by contribution assumption: employee only about $50,000 at 4% or $33,333 at 6%; with 50% employer match about $33,333 at 4% or $22,222 at 6%; with 100% employer match about $25,000 at 4% or $16,667 at 6%.
Medical Technique Inc. Profit Sharing Plan and Trust Agreement-5$90,616$10,000$2,000iApproximate average salary by contribution assumption: employee only about $50,000 at 4% or $33,333 at 6%; with 50% employer match about $33,333 at 4% or $22,222 at 6%; with 100% employer match about $25,000 at 4% or $16,667 at 6%.
200413$74,725$0-
Medical Technique Inc. Profit Sharing Plan and Trust Agreement-3$74,725--
200314$69,761$0-
Medical Technique Inc. Profit Sharing Plan and Trust Agreement-4$69,761--
200214$55,440$0-
Medical Technique Inc. Profit Sharing Plan and Trust Agreement-4$55,440--
200124$65,913$20,434$5,109iApproximate average salary by contribution assumption: employee only about $127,713 at 4% or $85,142 at 6%; with 50% employer match about $85,142 at 4% or $56,761 at 6%; with 100% employer match about $63,856 at 4% or $42,571 at 6%.
Medical Technique Inc. Money Purchase Plan and Trust Agreement-4$39,449$20,434$5,109iApproximate average salary by contribution assumption: employee only about $127,713 at 4% or $85,142 at 6%; with 50% employer match about $85,142 at 4% or $56,761 at 6%; with 100% employer match about $63,856 at 4% or $42,571 at 6%.
Medical Technique Inc. Profit Sharing Plan and Trust AgreementCurrent4$26,464--
200023$45,125$45,125$15,042iApproximate average salary by contribution assumption: employee only about $376,042 at 4% or $250,694 at 6%; with 50% employer match about $250,694 at 4% or $167,130 at 6%; with 100% employer match about $188,021 at 4% or $125,347 at 6%.
Medical Technique Inc. Profit Sharing Plan and Trust Agreement-3$26,258$26,258$8,753iApproximate average salary by contribution assumption: employee only about $218,817 at 4% or $145,878 at 6%; with 50% employer match about $145,878 at 4% or $97,252 at 6%; with 100% employer match about $109,408 at 4% or $72,939 at 6%.
Medical Technique Inc. Money Purchase Plan and Trust Agreement-3$18,867$18,867$6,289iApproximate average salary by contribution assumption: employee only about $157,225 at 4% or $104,817 at 6%; with 50% employer match about $104,817 at 4% or $69,878 at 6%; with 100% employer match about $78,613 at 4% or $52,408 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$26,464$206 change

Balance Sheet

Beginning and end of plan year.

Total assets$26,258$26,464Increase +$206 (0.78%)
Total liabilities$0$0No change $0
Net assets$26,258$26,464Increase +$206 (0.78%)

Contributions

Employer contributions$0
Participant contributions$0
Other contributions$0

Income & Expenses

Total income$597
Total expenses$391
Net income$206
Source fields
Schedule I source fields
Filing Id
84037304347312
Schedule I EIN
86-0849377
Schedule I Plan Num
001
Schedule I Plan Year Begin Date
2001-01-01
Schedule I Tax Period
20011231
Small plan total assets at beginning of year
$26,258
Small plan total liabilities at beginning of year
$0
Small plan net assets at beginning of year
$26,258
Small plan total assets at end of year
$26,464
Small plan total liabilities at end of year
$0
Small plan net assets at end of year
$26,464
Small plan employer contributions
$0
Small plan participant contributions
$0
Small Oth Contribution Rcvd Amount
$0
Small Non Cash Contribution Bs Amount
$0
Small Other Income Amount
$597
Small plan total income
$597
Small plan total benefit distributions
$0
Small Corrective Distribution Amount
$0
Small Dm Dstrb Ptcp Ln A
0
Small Oth Expenses Amount
$391
Small plan total expenses
$391
Small plan net income or loss
$206
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
$10,000
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
Waiver Annual Iqpa Report
1
Small plan resolution to terminate plan adopted
No
Small Res Terminate Plan Adpt Amount
$0