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PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 401k Plan overview

Plan NamePROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC.
Plan identification number 001

PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 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
  • 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

JBI SCRAP PROCESSORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:JBI SCRAP PROCESSORS, INC.
Employer identification number (EIN):341874940
NAIC Classification:423930
NAIC Description:Recyclable Material Merchant Wholesalers

Additional information about JBI SCRAP PROCESSORS, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1998-08-17
Company Identification Number: 1023915
Legal Registered Office Address: ATTN: THOMAS L. COLALUCA
1300 E. 9TH ST. STE. 1950
CLEVELAND
United States of America (USA)
44114

More information about JBI SCRAP PROCESSORS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01JOSEPH IMMORMINO
0012012-01-01JOSEPH IMMORMINO
0012011-01-01JOSEPH IMMORMINO
0012010-01-01JOSEPH IMMORMINO
0012009-01-01JOSEPH IMMORMINO
0012008-01-01JOSEPH IMMORMINO

Plan Statistics for PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC.

401k plan membership statisitcs for PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC.

Measure Date Value
2013: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2013 401k membership
Total participants, beginning-of-year2013-01-014
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-010
Number of participants with account balances2013-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2012 401k membership
Total participants, beginning-of-year2012-01-0116
Total number of active participants reported on line 7a of the Form 55002012-01-013
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 participants2012-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-014
Number of participants with account balances2012-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2011 401k membership
Total participants, beginning-of-year2011-01-0115
Total number of active participants reported on line 7a of the Form 55002011-01-0112
Number of other retired or separated participants entitled to future benefits2011-01-014
Total of all active and inactive participants2011-01-0116
Total participants2011-01-0116
Number of participants with account balances2011-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2010 401k membership
Total participants, beginning-of-year2010-01-0110
Total number of active participants reported on line 7a of the Form 55002010-01-0110
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0110
Number of participants with account balances2010-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2009 401k membership
Total participants, beginning-of-year2009-01-0114
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 benefits2009-01-014
Total of all active and inactive participants2009-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0113
Number of participants with account balances2009-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-014
2008: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2008 401k membership
Total participants, beginning-of-year2008-01-0113
Total number of active participants reported on line 7a of the Form 55002008-01-0114
Total of all active and inactive participants2008-01-0114
Total participants2008-01-0114
Number of participants with account balances2008-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-010

Financial Data on PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC.

Measure Date Value
2013 : PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2013 401k financial data
Expenses. Total of all expenses incurred2013-12-17$85,619
Benefits paid (including direct rollovers)2013-12-17$85,619
Total plan assets at end of year2013-12-17$0
Total plan assets at beginning of year2013-12-17$85,619
Value of fidelity bond covering the plan2013-12-17$100,000
Net income (gross income less expenses)2013-12-17$-85,619
Net plan assets at end of year (total assets less liabilities)2013-12-17$0
Net plan assets at beginning of year (total assets less liabilities)2013-12-17$85,619
2012 : PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2012 401k financial data
Total income from all sources2012-12-31$229
Expenses. Total of all expenses incurred2012-12-31$122,789
Benefits paid (including direct rollovers)2012-12-31$117,339
Total plan assets at end of year2012-12-31$85,619
Total plan assets at beginning of year2012-12-31$208,179
Assets. Value of loans (other than to participants)2012-12-31$0
Other income received2012-12-31$229
Net income (gross income less expenses)2012-12-31$-122,560
Net plan assets at end of year (total assets less liabilities)2012-12-31$85,619
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$208,179
Total contributions received or receivable from employer(s)2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$5,450
2011 : PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2011 401k financial data
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$-37,311
Expenses. Total of all expenses incurred2011-12-31$104
Benefits paid (including direct rollovers)2011-12-31$104
Total plan assets at end of year2011-12-31$208,179
Total plan assets at beginning of year2011-12-31$245,594
Assets. Value of loans (other than to participants)2011-12-31$100,000
Other income received2011-12-31$-37,311
Net income (gross income less expenses)2011-12-31$-37,415
Net plan assets at end of year (total assets less liabilities)2011-12-31$208,179
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$245,594
Total contributions received or receivable from employer(s)2011-12-31$0
2010 : PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$141,586
Total plan assets at end of year2010-12-31$245,594
Total plan assets at beginning of year2010-12-31$104,008
Assets. Value of loans (other than to participants)2010-12-31$0
Other income received2010-12-31$3,828
Net income (gross income less expenses)2010-12-31$141,586
Net plan assets at end of year (total assets less liabilities)2010-12-31$245,594
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$104,008
Total contributions received or receivable from employer(s)2010-12-31$137,758

Form 5500 Responses for PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC.

2013: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01This submission is the final filingYes
2013-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 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: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes
2008: PROFIT SHARING PLAN AND TRUST OF JBI SCRAP PROCESSORS, INC. 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement - TrustYes

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