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DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameDAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN
Plan identification number 002

DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

DAVID A. BAILEY ENTERPRISES, LTD. has sponsored the creation of one or more 401k plans.

Company Name:DAVID A. BAILEY ENTERPRISES, LTD.
Employer identification number (EIN):383559594
NAIC Classification:444110
NAIC Description:Home Centers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-10-01PLAN SPONSOR2024-11-06
0022022-10-01PLAN SPONSOR2023-11-15
0022021-10-01PLAN SPONSOR2023-04-18
0022014-10-01DAVID A. BAILEY2015-12-08
0022013-10-01DAVID A. BAILEY2015-02-05
0022012-10-01DAVID A. BAILEY2014-03-13
0022011-10-01DAVID A. BAILEY2013-01-14 DAVID A. BAILEY2013-01-14
0022010-10-01DAVID A. BAILEY2011-12-15 DAVID A. BAILEY2011-12-15

Plan Statistics for DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025: DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-11-2427
Total number of particpants at end of year2025-11-2427
Number of Participants With Account Balances2025-11-2425
2024: DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-11-0623
Total number of particpants at end of year2024-11-0623
Number of Participants With Account Balances2024-11-0620
2023: DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN 2023 401k membership
Total number of particpants at beginning of year2023-04-1818
Total number of particpants at end of year2023-04-1819
Number of Participants With Account Balances2023-04-1817

Financial Data on DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-11-240
Total liabilities as of the end of the plan year2025-11-240
Total liabilities as of the beginning of the plan year2025-11-240
Total expenses incurred by plan in this plan year2025-11-24270236
Net assets as of the end of the plan year2025-11-242412469
Total assets as of the beginning of the plan year2025-11-242358138
Value of plan covered by a fidelity bond2025-11-24200000
Participant contributions to plan in this plan year2025-11-2476996
Value of participant loans at end of plan year2025-11-2428837
Other expenses paid from plan in this plan year2025-11-240
Other contributions to plan in this plan year2025-11-240
Other income to plan in this plan year2025-11-24220461
Plan net income in this plan year2025-11-2454331
Net assets as of the end of the plan year2025-11-242412469
Net assets as of the beginning of the plan year2025-11-242358138
Employer contributions to plan in this plan year2025-11-2427110
Expensese paid to adminstrative service provicers from plan in this plan year2025-11-2418975
2024 : DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-11-060
Total liabilities as of the end of the plan year2024-11-060
Total liabilities as of the beginning of the plan year2024-11-060
Total expenses incurred by plan in this plan year2024-11-0619928
Net assets as of the end of the plan year2024-11-062358138
Total assets as of the beginning of the plan year2024-11-061878212
Value of plan covered by a fidelity bond2024-11-06200000
Participant contributions to plan in this plan year2024-11-0655532
Value of participant loans at end of plan year2024-11-0622601
Other expenses paid from plan in this plan year2024-11-060
Other contributions to plan in this plan year2024-11-060
Other income to plan in this plan year2024-11-06422349
Plan net income in this plan year2024-11-06479926
Net assets as of the end of the plan year2024-11-062358138
Net assets as of the beginning of the plan year2024-11-061878212
Employer contributions to plan in this plan year2024-11-0621973
Expensese paid to adminstrative service provicers from plan in this plan year2024-11-0619608
2023 : DAVID A. BAILEY ENTERPRISES, LTD. 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total transfers to/from plan in this plan year2023-04-180
Total liabilities as of the end of the plan year2023-04-180
Total liabilities as of the beginning of the plan year2023-04-180
Total expenses incurred by plan in this plan year2023-04-187628
Net assets as of the end of the plan year2023-04-181665103
Total assets as of the beginning of the plan year2023-04-181871252
Value of plan covered by a fidelity bond2023-04-18200000
Participant contributions to plan in this plan year2023-04-1833920
Value of participant loans at end of plan year2023-04-1811329
Other expenses paid from plan in this plan year2023-04-180
Other contributions to plan in this plan year2023-04-180
Other income to plan in this plan year2023-04-18-247179
Plan net income in this plan year2023-04-18-206149
Net assets as of the end of the plan year2023-04-181665103
Net assets as of the beginning of the plan year2023-04-181871252
Employer contributions to plan in this plan year2023-04-1814738
Expensese paid to adminstrative service provicers from plan in this plan year2023-04-187628

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