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B & S, INC. 401(K) PLAN 401k Plan overview

Plan NameB & S, INC. 401(K) PLAN
Plan identification number 001

B & S, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

B & S, INC. has sponsored the creation of one or more 401k plans.

Company Name:B & S, INC.
Employer identification number (EIN):061107995
NAIC Classification:445110
NAIC Description:Supermarkets and Other Grocery (except Convenience) Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & S, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01ROBERT BUONOMANO
0012023-01-01
0012023-01-01ROBERT BUONOMANO
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01MAGGIE HOEFLEIN2013-05-23
0012011-01-01MAGGIE HOEFLEIN2012-07-13
0012010-01-01BARBARA DIVIRGILIO2011-05-25

Financial Data on B & S, INC. 401(K) PLAN

Measure Date Value
2023 : B & S, INC. 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$54,976
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$476,106
Expenses. Total of all expenses incurred2023-12-31$81,152
Benefits paid (including direct rollovers)2023-12-31$79,915
Total plan assets at end of year2023-12-31$2,030,448
Total plan assets at beginning of year2023-12-31$1,580,518
Value of fidelity bond covering the plan2023-12-31$385,000
Total contributions received or receivable from participants2023-12-31$115,062
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$346,854
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$394,954
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,030,448
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,580,518
Assets. Value of participant loans2023-12-31$4,541
Total contributions received or receivable from employer(s)2023-12-31$14,190
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$1,237
2022 : B & S, INC. 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-08-310
Total liabilities as of the end of the plan year2022-08-310
Total liabilities as of the beginning of the plan year2022-08-310
Total expenses incurred by plan in this plan year2022-08-3146532
Net assets as of the end of the plan year2022-08-311900674
Total assets as of the beginning of the plan year2022-08-311583220
Value of plan covered by a fidelity bond2022-08-31160000
Participant contributions to plan in this plan year2022-08-31103242
Value of participant loans at end of plan year2022-08-313496
Other expenses paid from plan in this plan year2022-08-311200
Other contributions to plan in this plan year2022-08-31300
Other income to plan in this plan year2022-08-31225211
Plan net income in this plan year2022-08-31317454
Net assets as of the end of the plan year2022-08-311900674
Net assets as of the beginning of the plan year2022-08-311583220
Employer contributions to plan in this plan year2022-08-3135233
Fees paid to broker by Benefit Provider2022-08-3110875
Expensese paid to adminstrative service provicers from plan in this plan year2022-08-31158

Form 5500 Responses for B & S, INC. 401(K) PLAN

2023: B & S, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number109663
Policy instance 1
Insurance contract or identification number109663
Number of Individuals Covered0
Insurance policy start date2023-01-01
Insurance policy end date2023-12-18
Total amount of commissions paid to insurance brokerUSD $8,984
Total amount of fees paid to insurance companyUSD $1,574
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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