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

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

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

Company Name:B & H INDUSTRIES, INC.
Employer identification number (EIN):233064577
NAIC Classification:811310
NAIC Description:Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01BRIAN HOOVER2020-10-13
0012018-01-01BRIAN HOOVER2019-10-01
0012017-01-01
0012016-01-01
0012014-01-01BRIAN HOOVER2015-07-08
0012013-01-01BRIAN HOOVER2014-06-26
0012012-01-01BRIAN HOOVER2013-06-21

Plan Statistics for B & H INDUSTRIES, INC. 401(K) PLAN

401k plan membership statisitcs for B & H INDUSTRIES, INC. 401(K) PLAN

Measure Date Value
2025: B & H INDUSTRIES, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-2230
Total number of particpants at end of year2025-07-2230
Number of Participants With Account Balances2025-07-2225
2024: B & H INDUSTRIES, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-1233
Total number of particpants at end of year2024-07-1230
Number of Participants With Account Balances2024-07-1226
2022: B & H INDUSTRIES, INC. 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-04-0425
Total number of particpants at end of year2022-04-0436
Number of Participants With Account Balances2022-04-0424

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

Measure Date Value
2025 : B & H INDUSTRIES, INC. 401(K) PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-07-220
Total liabilities as of the beginning of the plan year2025-07-220
Total expenses incurred by plan in this plan year2025-07-22465729
Net assets as of the end of the plan year2025-07-222495518
Total assets as of the beginning of the plan year2025-07-222453753
Value of plan covered by a fidelity bond2025-07-22250000
Participant contributions to plan in this plan year2025-07-2263859
Other income to plan in this plan year2025-07-22276417
Plan net income in this plan year2025-07-2241765
Net assets as of the end of the plan year2025-07-222495518
Net assets as of the beginning of the plan year2025-07-222453753
Employer contributions to plan in this plan year2025-07-22167218
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-22250
2024 : B & H INDUSTRIES, INC. 401(K) PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-07-120
Total liabilities as of the beginning of the plan year2024-07-120
Total expenses incurred by plan in this plan year2024-07-12335632
Net assets as of the end of the plan year2024-07-122453753
Total assets as of the beginning of the plan year2024-07-122203566
Value of plan covered by a fidelity bond2024-07-12250000
Participant contributions to plan in this plan year2024-07-1279174
Other income to plan in this plan year2024-07-12334456
Plan net income in this plan year2024-07-12250187
Net assets as of the end of the plan year2024-07-122453753
Net assets as of the beginning of the plan year2024-07-122203566
Employer contributions to plan in this plan year2024-07-12172189
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-12258
2022 : B & H INDUSTRIES, INC. 401(K) PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-04-040
Total liabilities as of the beginning of the plan year2022-04-040
Total expenses incurred by plan in this plan year2022-04-04209944
Net assets as of the end of the plan year2022-04-042451967
Total assets as of the beginning of the plan year2022-04-042175751
Value of plan covered by a fidelity bond2022-04-04225000
Participant contributions to plan in this plan year2022-04-0438800
Other income to plan in this plan year2022-04-04306369
Plan net income in this plan year2022-04-04276216
Net assets as of the end of the plan year2022-04-042451967
Net assets as of the beginning of the plan year2022-04-042175751
Employer contributions to plan in this plan year2022-04-04140991
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-04101

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