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BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN 401k Plan overview

Plan NameBARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN
Plan identification number 002

BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BARNES & BARNES, INC. DBA NORTH BAY TRUCK CENTER has sponsored the creation of one or more 401k plans.

Company Name:BARNES & BARNES, INC. DBA NORTH BAY TRUCK CENTER
Employer identification number (EIN):200628435
NAIC Classification:811110
NAIC Description: Automotive Mechanical and Electrical Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01CINDY LEWIS2023-09-08
0022021-01-01CINDY LEWIS2022-08-29
0022020-01-01CINDY LEWIS2021-07-19
0022019-01-01CINDY LEWIS2020-09-30
0022018-01-01CINDY LEWIS2019-08-05
0022017-01-01CINDY LEWIS2018-08-29
0022016-01-01CINDY LEWIS2017-09-21
0022015-01-01CINDY LEWIS2016-09-20
0022014-01-01CINDY LEWIS2015-09-22

Plan Statistics for BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN

401k plan membership statisitcs for BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN

Measure Date Value
2022: BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-312,844,428
Acturial value of plan assets2022-12-312,844,428
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-315
Fundng target for terminated vested participants2022-12-3124,346
Active participant vested funding target2022-12-312,169,164
Number of active participants2022-12-3126
Total funding liabilities for active participants2022-12-312,170,959
Total participant count2022-12-3131
Total funding target for all participants2022-12-312,195,305
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31245,216
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31245,216
Present value of excess contributions2022-12-31318,678
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31334,676
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31270,277
Total employer contributions2022-12-31840,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31778,855
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31463,618
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3184,771
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3184,771
Contributions allocatedtoward minimum required contributions for current year2022-12-31778,855
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-312,078,775
Acturial value of plan assets2021-12-312,078,775
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-314
Fundng target for terminated vested participants2021-12-3114,680
Active participant vested funding target2021-12-311,556,777
Number of active participants2021-12-3126
Total funding liabilities for active participants2021-12-311,723,249
Total participant count2021-12-3130
Total funding target for all participants2021-12-311,737,929
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31228,298
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31228,298
Present value of excess contributions2021-12-31243,066
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31255,900
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31245,215
Total employer contributions2021-12-31594,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31549,458
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31326,411
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31230,780
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31230,780
Contributions allocatedtoward minimum required contributions for current year2021-12-31549,458
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,589,590
Acturial value of plan assets2020-12-311,589,590
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-318,868
Active participant vested funding target2020-12-311,272,162
Number of active participants2020-12-3128
Total funding liabilities for active participants2020-12-311,274,360
Total participant count2020-12-3132
Total funding target for all participants2020-12-311,283,228
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31201,020
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31201,020
Present value of excess contributions2020-12-3112,685
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3113,371
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31228,298
Total employer contributions2020-12-31390,131
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31363,057
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31198,052
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31119,991
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31119,991
Contributions allocatedtoward minimum required contributions for current year2020-12-31363,057
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,247,806
Acturial value of plan assets2019-12-311,247,806
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-319
Fundng target for terminated vested participants2019-12-3115,738
Active participant vested funding target2019-12-311,018,973
Number of active participants2019-12-3126
Total funding liabilities for active participants2019-12-311,021,357
Total participant count2019-12-3135
Total funding target for all participants2019-12-311,037,095
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31270,176
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31270,176
Present value of excess contributions2019-12-3143,294
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3145,705
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-3150,000
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31201,021
Total employer contributions2019-12-31200,450
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31185,796
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31182,802
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31173,111
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31173,111
Contributions allocatedtoward minimum required contributions for current year2019-12-31185,796
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,074,965
Acturial value of plan assets2018-12-311,074,965
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-317
Fundng target for terminated vested participants2018-12-3112,208
Active participant vested funding target2018-12-31759,646
Number of active participants2018-12-3127
Total funding liabilities for active participants2018-12-31765,325
Total participant count2018-12-3134
Total funding target for all participants2018-12-31777,533
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31255,800
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31255,800
Present value of excess contributions2018-12-31112,389
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31118,863
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31270,176
Total employer contributions2018-12-31235,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31210,672
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31194,634
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31167,378
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31167,378
Contributions allocatedtoward minimum required contributions for current year2018-12-31210,672
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31728,683
Acturial value of plan assets2017-12-31728,683
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-316
Fundng target for terminated vested participants2017-12-319,320
Active participant vested funding target2017-12-31499,082
Number of active participants2017-12-3116
Total funding liabilities for active participants2017-12-31503,299
Total participant count2017-12-3122
Total funding target for all participants2017-12-31512,619
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31135,810
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31135,810
Present value of excess contributions2017-12-31113,290
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31120,031
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31120,031
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31255,800
Total employer contributions2017-12-31314,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31282,423
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31170,034
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31170,034
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31170,034
Contributions allocatedtoward minimum required contributions for current year2017-12-31282,423
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: BARNES & BARNES INC. DBA NORTH BAY TRUCK CENTER CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31429,590
Acturial value of plan assets2016-12-31429,590
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-310
Number of active participants2016-12-3117
Total funding liabilities for active participants2016-12-31306,392
Total participant count2016-12-3117
Total funding target for all participants2016-12-31306,392
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3145,715
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3145,715
Present value of excess contributions2016-12-3184,939
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3190,154
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3190,154
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31135,810
Total employer contributions2016-12-31301,164
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31268,295
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31155,005
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31155,005
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31155,005
Contributions allocatedtoward minimum required contributions for current year2016-12-31268,295
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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