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J & B TOOL SALES, INC. 401(K) PLAN 401k Plan overview

Plan NameJ & B TOOL SALES, INC. 401(K) PLAN
Plan identification number 001

J & B TOOL SALES, 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

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

Company Name:J & B TOOL SALES, INC.
Employer identification number (EIN):272213003
NAIC Classification:441300
NAIC Description: Automotive Parts, Accessories, and Tire Stores

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KELLY DURANTE2024-07-18
0012022-01-01KELLY DURANTE2023-06-14
0012021-01-01KELLY DURANTE2022-06-27
0012020-01-01KELLY DURANTE2021-06-29
0012019-01-01KELLY DURANTE2020-07-09
0012018-01-01NAZARENO REGALBUTO2019-07-22

Financial Data on J & B TOOL SALES, INC. 401(K) PLAN

Measure Date Value
2025 : J & B TOOL SALES, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-08-250
Total liabilities as of the end of the plan year2025-08-250
Total liabilities as of the beginning of the plan year2025-08-250
Total expenses incurred by plan in this plan year2025-08-2512700
Net assets as of the end of the plan year2025-08-25870205
Total assets as of the beginning of the plan year2025-08-25547188
Participant contributions to plan in this plan year2025-08-25151982
Other expenses paid from plan in this plan year2025-08-250
Other contributions to plan in this plan year2025-08-250
Other income to plan in this plan year2025-08-25100418
Plan net income in this plan year2025-08-25323017
Net assets as of the end of the plan year2025-08-25870205
Net assets as of the beginning of the plan year2025-08-25547188
Employer contributions to plan in this plan year2025-08-2583317
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-253863
2024 : J & B TOOL SALES, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-180
Total liabilities as of the end of the plan year2024-07-180
Total liabilities as of the beginning of the plan year2024-07-180
Total expenses incurred by plan in this plan year2024-07-189306
Net assets as of the end of the plan year2024-07-18547188
Total assets as of the beginning of the plan year2024-07-18328907
Participant contributions to plan in this plan year2024-07-1895980
Other expenses paid from plan in this plan year2024-07-180
Other contributions to plan in this plan year2024-07-180
Other income to plan in this plan year2024-07-1883636
Plan net income in this plan year2024-07-18218281
Net assets as of the end of the plan year2024-07-18547188
Net assets as of the beginning of the plan year2024-07-18328907
Employer contributions to plan in this plan year2024-07-1847971
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-182714
2022 : J & B TOOL SALES, INC. 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-270
Total liabilities as of the end of the plan year2022-06-270
Total liabilities as of the beginning of the plan year2022-06-270
Total expenses incurred by plan in this plan year2022-06-272528
Net assets as of the end of the plan year2022-06-27356511
Total assets as of the beginning of the plan year2022-06-27242324
Participant contributions to plan in this plan year2022-06-2755045
Other expenses paid from plan in this plan year2022-06-270
Other contributions to plan in this plan year2022-06-270
Other income to plan in this plan year2022-06-2745625
Plan net income in this plan year2022-06-27114187
Net assets as of the end of the plan year2022-06-27356511
Net assets as of the beginning of the plan year2022-06-27242324
Employer contributions to plan in this plan year2022-06-2716045
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-272528

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