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B & B INDUSTRIES INC 401(K) PLAN 401k Plan overview

Plan NameB & B INDUSTRIES INC 401(K) PLAN
Plan identification number 001

B & B INDUSTRIES INC 401(K) PLAN 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
  • 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.
  • 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 & B INDUSTRIES INC has sponsored the creation of one or more 401k plans.

Company Name:B & B INDUSTRIES INC
Employer identification number (EIN):384059170
NAIC Classification:238300

Additional information about B & B INDUSTRIES INC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2018-01-29
Company Identification Number: 0802920402
Legal Registered Office Address: 5041 ROBERTSON DR

ABILENE
United States of America (USA)
79606

More information about B & B INDUSTRIES INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & B INDUSTRIES 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
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-29RICKEY BROWN

Plan Statistics for B & B INDUSTRIES INC 401(K) PLAN

401k plan membership statisitcs for B & B INDUSTRIES INC 401(K) PLAN

Measure Date Value
2023: B & B INDUSTRIES INC 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-013
Total number of active participants reported on line 7a of the Form 55002023-01-013
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-013
Number of participants with account balances2023-01-012
2022: B & B INDUSTRIES INC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-013
Total number of active participants reported on line 7a of the Form 55002022-01-013
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-013
Number of participants with account balances2022-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: B & B INDUSTRIES INC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-013
Total number of active participants reported on line 7a of the Form 55002021-01-013
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-013
Number of participants with account balances2021-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: B & B INDUSTRIES INC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-013
Total number of active participants reported on line 7a of the Form 55002020-01-013
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-013
Number of participants with account balances2020-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: B & B INDUSTRIES INC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-013
Total number of active participants reported on line 7a of the Form 55002019-01-013
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-013
Number of participants with account balances2019-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: B & B INDUSTRIES INC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-290
Total number of active participants reported on line 7a of the Form 55002018-01-293
Number of retired or separated participants receiving benefits2018-01-290
Number of other retired or separated participants entitled to future benefits2018-01-290
Total of all active and inactive participants2018-01-293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-290
Total participants2018-01-293
Number of participants with account balances2018-01-292
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-290

Financial Data on B & B INDUSTRIES INC 401(K) PLAN

Measure Date Value
2023 : B & B INDUSTRIES INC 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$0
Expenses. Total of all expenses incurred2023-12-31$0
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$60,000
Total plan assets at beginning of year2023-12-31$60,000
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$0
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$0
Net plan assets at end of year (total assets less liabilities)2023-12-31$60,000
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$60,000
Assets. Value of employer securities2023-12-31$60,000
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$0
2022 : B & B INDUSTRIES INC 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total income from all sources2022-12-31$0
Expenses. Total of all expenses incurred2022-12-31$0
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$60,000
Total plan assets at beginning of year2022-12-31$60,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$0
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$0
Net plan assets at end of year (total assets less liabilities)2022-12-31$60,000
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$60,000
Assets. Value of employer securities2022-12-31$60,000
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : B & B INDUSTRIES INC 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$0
Expenses. Total of all expenses incurred2021-12-31$0
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$60,000
Total plan assets at beginning of year2021-12-31$60,000
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$0
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$0
Net plan assets at end of year (total assets less liabilities)2021-12-31$60,000
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$60,000
Assets. Value of employer securities2021-12-31$60,000
Total contributions received or receivable from employer(s)2021-12-31$0
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
2020 : B & B INDUSTRIES INC 401(K) PLAN 2020 401k financial data
Total income from all sources2020-12-31$0
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$60,000
Total plan assets at beginning of year2020-12-31$60,000
Net income (gross income less expenses)2020-12-31$0
Net plan assets at end of year (total assets less liabilities)2020-12-31$60,000
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$60,000
Assets. Value of employer securities2020-12-31$60,000
2019 : B & B INDUSTRIES INC 401(K) PLAN 2019 401k financial data
Total income from all sources2019-12-31$0
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$60,000
Total plan assets at beginning of year2019-12-31$60,000
Net income (gross income less expenses)2019-12-31$0
Net plan assets at end of year (total assets less liabilities)2019-12-31$60,000
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$60,000
Assets. Value of employer securities2019-12-31$60,000
2018 : B & B INDUSTRIES INC 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$60,000
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$60,000
Total plan assets at beginning of year2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$60,000
Net income (gross income less expenses)2018-12-31$60,000
Net plan assets at end of year (total assets less liabilities)2018-12-31$60,000
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of employer securities2018-12-31$60,000

Form 5500 Responses for B & B INDUSTRIES INC 401(K) PLAN

2023: B & B INDUSTRIES INC 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: B & B INDUSTRIES INC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: B & B INDUSTRIES INC 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: B & B INDUSTRIES INC 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: B & B INDUSTRIES INC 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: B & B INDUSTRIES INC 401(K) PLAN 2018 form 5500 responses
2018-01-29Type of plan entitySingle employer plan
2018-01-29First time form 5500 has been submittedYes
2018-01-29Submission has been amendedNo
2018-01-29This submission is the final filingNo
2018-01-29This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-29Plan is a collectively bargained planNo
2018-01-29Plan funding arrangement – TrustYes
2018-01-29Plan benefit arrangement - TrustYes

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