401k Plan data: BANNER ENGINEERING & SALES, INC 401(K) PROFIT SHARING PLAN plan

BANNER ENGINEERING & SALES, INC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	BANNER ENGINEERING & SALES, INC 401(K) PROFIT SHARING PLAN
Plan identification number	003

BANNER ENGINEERING & SALES, INC 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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.
Plan covering Self-Employed individuals.
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

BANNER ENGINEERING & SALES, INC. has sponsored the creation of one or more 401k plans.

Company Name: BANNER ENGINEERING & SALES, INC.

Employer identification number (EIN): 381810369

NAIC Classification: 541330
NAIC Description: Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANNER ENGINEERING & SALES, INC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2023-01-01 J. MICHAEL DAY 2024-07-18
003 2022-01-01 J. MICHAEL DAY 2023-09-22
003 2021-01-01 J. MICHAEL DAY 2022-09-27
003 2020-01-01
003 2019-01-01
003 2018-01-01
003 2017-01-01
003 2016-01-01
003 2015-01-01 J MICHAEL DAY 2016-06-06
003 2014-01-01 J MICHAEL DAY 2015-07-23 J MICHAEL DAY 2015-07-23
003 2013-01-01 J MICHAEL DAY 2014-07-23
003 2012-01-01 MICHAEL DAY 2013-05-10 MICHAEL DAY 2013-05-10
003 2011-01-01 MICHAEL DAY 2012-05-04 MICHAEL DAY 2012-05-04
003 2010-01-01 MICHAEL DAY 2011-05-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2023-01-01	J. MICHAEL DAY	2024-07-18
003	2022-01-01	J. MICHAEL DAY	2023-09-22
003	2021-01-01	J. MICHAEL DAY	2022-09-27
003	2020-01-01
003	2019-01-01
003	2018-01-01
003	2017-01-01
003	2016-01-01
003	2015-01-01	J MICHAEL DAY	2016-06-06
003	2014-01-01	J MICHAEL DAY	2015-07-23	J MICHAEL DAY	2015-07-23
003	2013-01-01	J MICHAEL DAY	2014-07-23
003	2012-01-01	MICHAEL DAY	2013-05-10	MICHAEL DAY	2013-05-10
003	2011-01-01	MICHAEL DAY	2012-05-04	MICHAEL DAY	2012-05-04
003	2010-01-01	MICHAEL DAY	2011-05-18

Financial Data on BANNER ENGINEERING & SALES, INC 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2025 : BANNER ENGINEERING & SALES, INC 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year	2025-07-21	0
Total expenses incurred by plan in this plan year	2025-07-21	285260
Net assets as of the end of the plan year	2025-07-21	2106918
Total assets as of the beginning of the plan year	2025-07-21	2085582
Value of plan covered by a fidelity bond	2025-07-21	250000
Participant contributions to plan in this plan year	2025-07-21	60228
Other income to plan in this plan year	2025-07-21	226568
Plan net income in this plan year	2025-07-21	21336
Net assets as of the end of the plan year	2025-07-21	2106918
Net assets as of the beginning of the plan year	2025-07-21	2085582
Employer contributions to plan in this plan year	2025-07-21	19800
Expensese paid to adminstrative service provicers from plan in this plan year	2025-07-21	16406
2024 : BANNER ENGINEERING & SALES, INC 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year	2024-07-18	0
Total liabilities as of the end of the plan year	2024-07-18	0
Total liabilities as of the beginning of the plan year	2024-07-18	0
Total expenses incurred by plan in this plan year	2024-07-18	225613
Net assets as of the end of the plan year	2024-07-18	2085582
Total assets as of the beginning of the plan year	2024-07-18	1925703
Value of plan covered by a fidelity bond	2024-07-18	250000
Participant contributions to plan in this plan year	2024-07-18	68213
Other expenses paid from plan in this plan year	2024-07-18	0
Other contributions to plan in this plan year	2024-07-18	0
Other income to plan in this plan year	2024-07-18	289062
Plan net income in this plan year	2024-07-18	159879
Net assets as of the end of the plan year	2024-07-18	2085582
Net assets as of the beginning of the plan year	2024-07-18	1925703
Employer contributions to plan in this plan year	2024-07-18	28217
Expensese paid to adminstrative service provicers from plan in this plan year	2024-07-18	13697
2022 : BANNER ENGINEERING & SALES, INC 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year	2022-09-27	0
Total liabilities as of the end of the plan year	2022-09-27	0
Total liabilities as of the beginning of the plan year	2022-09-27	0
Total expenses incurred by plan in this plan year	2022-09-27	59568
Net assets as of the end of the plan year	2022-09-27	2433070
Total assets as of the beginning of the plan year	2022-09-27	2192653
Value of plan covered by a fidelity bond	2022-09-27	250000
Participant contributions to plan in this plan year	2022-09-27	76091
Other expenses paid from plan in this plan year	2022-09-27	19588
Other contributions to plan in this plan year	2022-09-27	0
Other income to plan in this plan year	2022-09-27	187851
Plan net income in this plan year	2022-09-27	240417
Net assets as of the end of the plan year	2022-09-27	2433070
Net assets as of the beginning of the plan year	2022-09-27	2192653
Employer contributions to plan in this plan year	2022-09-27	36043
Expensese paid to adminstrative service provicers from plan in this plan year	2022-09-27	0

Potentially related plans

BANNER ENGINEERING CORP. HEALTH AND WELFARE BENEFIT PLAN [EIN = 410907221]

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Company Name:	BANNER ENGINEERING & SALES, INC.
Employer identification number (EIN):	381810369
NAIC Classification:	541330
NAIC Description:	Engineering Services