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T & S 401(K) PLAN 401k Plan overview

Plan NameT & S 401(K) PLAN
Plan identification number 001

T & S 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BUTORI CORP has sponsored the creation of one or more 401k plans.

Company Name:BUTORI CORP
Employer identification number (EIN):262990470
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan T & S 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01FREDDIE JACOBS JR
0012023-01-01CHRISTOPHER HULSE2024-08-21

Plan Statistics for T & S 401(K) PLAN

401k plan membership statisitcs for T & S 401(K) PLAN

Measure Date Value
2024: T & S 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-08-21265
Total number of particpants at end of year2024-08-21321
Number of Participants With Account Balances2024-08-21166

Financial Data on T & S 401(K) PLAN

Measure Date Value
2024 : T & S 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-2126775
Total liabilities as of the end of the plan year2024-08-210
Total liabilities as of the beginning of the plan year2024-08-210
Total expenses incurred by plan in this plan year2024-08-21304305
Net assets as of the end of the plan year2024-08-214207849
Total assets as of the beginning of the plan year2024-08-213315153
Value of plan covered by a fidelity bond2024-08-21500000
Participant contributions to plan in this plan year2024-08-21571203
Value of participant loans at end of plan year2024-08-2133463
Other expenses paid from plan in this plan year2024-08-210
Other contributions to plan in this plan year2024-08-2112850
Other income to plan in this plan year2024-08-21525200
Plan net income in this plan year2024-08-21865921
Net assets as of the end of the plan year2024-08-214207849
Net assets as of the beginning of the plan year2024-08-213315153
Employer contributions to plan in this plan year2024-08-2160973
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-219952
Unrealized appreciation/depreciation of real estate assets2024-01-01$0
Unrealized appreciation/depreciation of other (non real estate) assets2024-01-01$0
Total unrealized appreciation/depreciation of assets2024-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2024-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2024-01-01$0
Total income from all sources (including contributions)2024-01-01$1,689,018
Total loss/gain on sale of assets2024-01-01$0
Total of all expenses incurred2024-01-01$594,633
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2024-01-01$578,709
Expenses. Certain deemed distributions of participant loans2024-01-01$0
Value of total corrective distributions2024-01-01$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2024-01-01$1,170,226
Value of total assets at end of year2024-01-01$5,302,234
Value of total assets at beginning of year2024-01-01$4,207,849
Total of administrative expenses incurred including professional, contract, advisory and management fees2024-01-01$15,924
Total income from rents2024-01-01$0
Total interest from all sources2024-01-01$5,955
Total dividends received (eg from common stock, registered investment company shares)2024-01-01$95,738
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2024-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2024-01-01$95,738
Assets. Real estate other than employer real property at end of year2024-01-01$0
Assets. Real estate other than employer real property at beginning of year2024-01-01$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2024-01-01$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2024-01-01$0
Was this plan covered by a fidelity bond2024-01-01Yes
Value of fidelity bond cover2024-01-01$500,000
If this is an individual account plan, was there a blackout period2024-01-01No
Were there any nonexempt tranactions with any party-in-interest2024-01-01No
Contributions received from participants2024-01-01$609,251
Participant contributions at end of year2024-01-01$86,197
Participant contributions at beginning of year2024-01-01$33,463
Participant contributions at end of year2024-01-01$0
Participant contributions at beginning of year2024-01-01$0
Assets. Other investments not covered elsewhere at end of year2024-01-01$0
Assets. Other investments not covered elsewhere at beginning of year2024-01-01$0
Income. Received or receivable in cash from other sources (including rollovers)2024-01-01$492,602
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2024-01-01$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2024-01-01$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2024-01-01$0
Assets. Loans (other than to participants) at end of year2024-01-01$0
Assets. Loans (other than to participants) at beginning of year2024-01-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2024-01-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2024-01-01$0
Administrative expenses (other) incurred2024-01-01$0
Total non interest bearing cash at end of year2024-01-01$0
Total non interest bearing cash at beginning of year2024-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2024-01-01No
Income. Non cash contributions2024-01-01$0
Value of net income/loss2024-01-01$1,094,385
Value of net assets at end of year (total assets less liabilities)2024-01-01$5,302,234
Value of net assets at beginning of year (total assets less liabilities)2024-01-01$4,207,849
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2024-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2024-01-01No
Were any leases to which the plan was party in default or uncollectible2024-01-01No
Assets. partnership/joint venture interests at end of year2024-01-01$0
Assets. partnership/joint venture interests at beginning of year2024-01-01$0
Investment advisory and management fees2024-01-01$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2024-01-01$5,216,037
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2024-01-01$4,174,386
Interest on participant loans2024-01-01$5,955
Income. Interest from loans (other than to participants)2024-01-01$0
Interest earned on other investments2024-01-01$0
Income. Interest from US Government securities2024-01-01$0
Income. Interest from corporate debt instruments2024-01-01$0
Value of interest in master investment trust accounts at end of year2024-01-01$0
Value of interest in master investment trust accounts at beginning of year2024-01-01$0
Value of interest in common/collective trusts at end of year2024-01-01$0
Value of interest in common/collective trusts at beginning of year2024-01-01$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2024-01-01$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2024-01-01$0
Assets. Value of investments in 103.12 investment entities at end of year2024-01-01$0
Assets. Value of investments in 103.12 investment entities at beginning of year2024-01-01$0
Expenses. Payments to insurance carriers foe the provision of benefits2024-01-01$0
Asset value of US Government securities at end of year2024-01-01$0
Asset value of US Government securities at beginning of year2024-01-01$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2024-01-01$417,099
Net investment gain/loss from pooled separate accounts2024-01-01$0
Net investment gain or loss from common/collective trusts2024-01-01$0
Net gain/loss from 103.12 investment entities2024-01-01$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2024-01-01No
Was there a failure to transmit to the plan any participant contributions2024-01-01No
Has the plan failed to provide any benefit when due under the plan2024-01-01No
Assets. Invements in employer securities at end of year2024-01-01$0
Assets. Invements in employer securities at beginning of year2024-01-01$0
Assets. Value of employer real property at end of year2024-01-01$0
Assets. Value of employer real property at beginning of year2024-01-01$0
Contributions received in cash from employer2024-01-01$68,373
Employer contributions (assets) at end of year2024-01-01$0
Employer contributions (assets) at beginning of year2024-01-01$0
Income. Dividends from preferred stock2024-01-01$0
Income. Dividends from common stock2024-01-01$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2024-01-01$578,709
Asset. Corporate debt instrument preferred debt at end of year2024-01-01$0
Asset. Corporate debt instrument preferred debt at beginning of year2024-01-01$0
Asset. Corporate debt instrument debt (other) at end of year2024-01-01$0
Asset. Corporate debt instrument debt (other) at beginning of year2024-01-01$0
Contract administrator fees2024-01-01$0
Assets. Corporate common stocks other than exployer securities at end of year2024-01-01$0
Assets. Corporate common stocks other than exployer securities at beginning of year2024-01-01$0
Liabilities. Value of benefit claims payable at end of year2024-01-01$0
Liabilities. Value of benefit claims payable at beginning of year2024-01-01$0
Assets. Value of buildings and other operty used in plan operation at end of year2024-01-01$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2024-01-01$0
Did the plan have assets held for investment2024-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2024-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2024-01-01No
Aggregate proceeds on sale of assets2024-01-01$0
Aggregate carrying amount (costs) on sale of assets2024-01-01$0
Liabilities. Value of acquisition indebtedness at end of year2024-01-01$0
Liabilities. Value of acquisition indebtedness at beginning of year2024-01-01$0
Opinion of an independent qualified public accountant for this plan2024-01-011
Accountancy firm name2024-01-01KIMBERLIN COMPANY PLLC
Accountancy firm EIN2024-01-01455497718

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