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B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameB & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST
Plan identification number 001

B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 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
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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 & G TOOL COMPANY has sponsored the creation of one or more 401k plans.

Company Name:B & G TOOL COMPANY
Employer identification number (EIN):310715531
NAIC Classification:332900

Additional information about B & G TOOL COMPANY

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1965-10-14
Company Identification Number: 344367
Legal Registered Office Address: 3782 SURREY HILL PLACE
-
COLUMBUS
United States of America (USA)
43220

More information about B & G TOOL COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01MICHAEL P. PLAHUTA MICHAEL P. PLAHUTA2016-10-07
0012014-01-01MICHAEL P. PLAHUTA MICHAEL P. PLAHUTA2015-07-10
0012013-01-01MICHAEL P. PLAHUTA MICHAEL P. PLAHUTA2014-10-07
0012012-01-01MICHAEL P. PLAHUTA MICHAEL P. PLAHUTA2013-07-25
0012011-01-01MICHAEL P. PLAHUTA MICHAEL P. PLAHUTA2012-07-30
0012009-01-01MICHAEL P. PLAHUTA MICHAEL P. PLAHUTA2010-07-27

Plan Statistics for B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST

Measure Date Value
2015: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-0110
Total number of active participants reported on line 7a of the Form 55002015-01-018
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-019
Number of participants with account balances2015-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-0111
Total number of active participants reported on line 7a of the Form 55002014-01-019
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-011
Total of all active and inactive participants2014-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0110
Number of participants with account balances2014-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-019
Total number of active participants reported on line 7a of the Form 55002013-01-0110
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0111
Number of participants with account balances2013-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-019
Total number of active participants reported on line 7a of the Form 55002012-01-019
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-019
Number of participants with account balances2012-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0110
Total number of active participants reported on line 7a of the Form 55002011-01-019
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0110
Number of participants with account balances2011-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-019
Total number of active participants reported on line 7a of the Form 55002009-01-019
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-019
Number of participants with account balances2009-01-019

Financial Data on B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST

Measure Date Value
2015 : B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2015 401k financial data
Total income from all sources2015-12-31$-2,643
Expenses. Total of all expenses incurred2015-12-31$7,184
Total plan assets at end of year2015-12-31$2,031,040
Total plan assets at beginning of year2015-12-31$2,040,867
Expenses. Other expenses not covered elsewhere2015-12-31$323
Other income received2015-12-31$-42,643
Net income (gross income less expenses)2015-12-31$-9,827
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,031,040
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,040,867
Total contributions received or receivable from employer(s)2015-12-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$6,861
2014 : B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2014 401k financial data
Total income from all sources2014-12-31$96,862
Expenses. Total of all expenses incurred2014-12-31$7,041
Total plan assets at end of year2014-12-31$2,040,867
Total plan assets at beginning of year2014-12-31$1,951,046
Expenses. Other expenses not covered elsewhere2014-12-31$377
Other income received2014-12-31$56,862
Net income (gross income less expenses)2014-12-31$89,821
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,040,867
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,951,046
Total contributions received or receivable from employer(s)2014-12-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$6,664
2013 : B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total income from all sources2013-12-31$282,788
Expenses. Total of all expenses incurred2013-12-31$290,553
Benefits paid (including direct rollovers)2013-12-31$285,000
Total plan assets at end of year2013-12-31$1,951,046
Total plan assets at beginning of year2013-12-31$1,958,811
Other income received2013-12-31$242,788
Net income (gross income less expenses)2013-12-31$-7,765
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,951,046
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,958,811
Total contributions received or receivable from employer(s)2013-12-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$5,553
2012 : B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total income from all sources2012-12-31$207,266
Expenses. Total of all expenses incurred2012-12-31$49,813
Benefits paid (including direct rollovers)2012-12-31$45,000
Total plan assets at end of year2012-12-31$1,958,811
Total plan assets at beginning of year2012-12-31$1,801,358
Other income received2012-12-31$167,266
Net income (gross income less expenses)2012-12-31$157,453
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,958,811
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,801,358
Total contributions received or receivable from employer(s)2012-12-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$4,813
2011 : B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total income from all sources2011-12-31$-9,549
Expenses. Total of all expenses incurred2011-12-31$75,729
Benefits paid (including direct rollovers)2011-12-31$70,496
Total plan assets at end of year2011-12-31$1,801,358
Total plan assets at beginning of year2011-12-31$1,886,636
Value of fidelity bond covering the plan2011-12-31$250,000
Other income received2011-12-31$-49,549
Net income (gross income less expenses)2011-12-31$-85,278
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,801,358
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,886,636
Total contributions received or receivable from employer(s)2011-12-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$5,233
2010 : B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$232,166
Expenses. Total of all expenses incurred2010-12-31$323,306
Benefits paid (including direct rollovers)2010-12-31$317,634
Total plan assets at end of year2010-12-31$1,886,636
Total plan assets at beginning of year2010-12-31$1,977,776
Value of fidelity bond covering the plan2010-12-31$250,000
Expenses. Other expenses not covered elsewhere2010-12-31$346
Other income received2010-12-31$222,166
Net income (gross income less expenses)2010-12-31$-91,140
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,886,636
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,977,776
Total contributions received or receivable from employer(s)2010-12-31$10,000
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$5,326

Form 5500 Responses for B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST

2015: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: B & G TOOL COMPANY PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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