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BLUE CHIP TOOL, INC. 401(K) PLAN 401k Plan overview

Plan NameBLUE CHIP TOOL, INC. 401(K) PLAN
Plan identification number 001

BLUE CHIP TOOL, INC. 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.
  • 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) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

BLUE CHIP TOOL INC. has sponsored the creation of one or more 401k plans.

Company Name:BLUE CHIP TOOL INC.
Employer identification number (EIN):311148048
NAIC Classification:332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BLUE CHIP TOOL, 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

Financial Data on BLUE CHIP TOOL, INC. 401(K) PLAN

Measure Date Value
2025 : BLUE CHIP TOOL, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-280
Total liabilities as of the end of the plan year2025-07-280
Total liabilities as of the beginning of the plan year2025-07-280
Total expenses incurred by plan in this plan year2025-07-282947
Net assets as of the end of the plan year2025-07-28419130
Total assets as of the beginning of the plan year2025-07-28302928
Value of plan covered by a fidelity bond2025-07-28250000
Participant contributions to plan in this plan year2025-07-2848803
Other expenses paid from plan in this plan year2025-07-280
Other contributions to plan in this plan year2025-07-280
Other income to plan in this plan year2025-07-2850706
Plan net income in this plan year2025-07-28116202
Net assets as of the end of the plan year2025-07-28419130
Net assets as of the beginning of the plan year2025-07-28302928
Employer contributions to plan in this plan year2025-07-2819640
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-282947
2024 : BLUE CHIP TOOL, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-110
Total expenses incurred by plan in this plan year2024-09-111941
Net assets as of the end of the plan year2024-09-11302928
Total assets as of the beginning of the plan year2024-09-11201628
Value of plan covered by a fidelity bond2024-09-11100000
Participant contributions to plan in this plan year2024-09-1146119
Other expenses paid from plan in this plan year2024-09-110
Other contributions to plan in this plan year2024-09-110
Other income to plan in this plan year2024-09-1135312
Plan net income in this plan year2024-09-11101300
Net assets as of the end of the plan year2024-09-11302928
Net assets as of the beginning of the plan year2024-09-11201628
Employer contributions to plan in this plan year2024-09-1121810
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-111941

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