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403(B) THRIFT PLAN OF BUILDING SKILLS NY 401k Plan overview

Plan Name403(B) THRIFT PLAN OF BUILDING SKILLS NY
Plan identification number 001

403(B) THRIFT PLAN OF BUILDING SKILLS NY 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.

401k Sponsoring company profile

BUILDING SKILLS NY has sponsored the creation of one or more 401k plans.

Company Name:BUILDING SKILLS NY
Employer identification number (EIN):455146915
NAIC Classification:236110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 403(B) THRIFT PLAN OF BUILDING SKILLS NY

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DAVID MEADE2024-10-14
0012022-01-01DAVID MEADE2023-07-25
0012021-01-01DAVID MEADE2022-11-14
0012021-01-01DAVID MEADE2022-11-14
0012021-01-01DAVID MEADE2022-11-14
0012020-01-01DAVID MEADE2021-07-16
0012019-01-01DAVID MEADE2020-10-06

Plan Statistics for 403(B) THRIFT PLAN OF BUILDING SKILLS NY

401k plan membership statisitcs for 403(B) THRIFT PLAN OF BUILDING SKILLS NY

Measure Date Value
2025: 403(B) THRIFT PLAN OF BUILDING SKILLS NY 2025 401k membership
Total number of particpants at beginning of year2025-10-134
Total number of particpants at end of year2025-10-134
Number of Participants With Account Balances2025-10-133
2024: 403(B) THRIFT PLAN OF BUILDING SKILLS NY 2024 401k membership
Total number of particpants at beginning of year2024-10-144
Total number of particpants at end of year2024-10-144
Number of Participants With Account Balances2024-10-144

Financial Data on 403(B) THRIFT PLAN OF BUILDING SKILLS NY

Measure Date Value
2025 : 403(B) THRIFT PLAN OF BUILDING SKILLS NY 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-130
Total liabilities as of the end of the plan year2025-10-130
Total liabilities as of the beginning of the plan year2025-10-130
Total expenses incurred by plan in this plan year2025-10-132107
Net assets as of the end of the plan year2025-10-13251923
Total assets as of the beginning of the plan year2025-10-13201570
Participant contributions to plan in this plan year2025-10-1325700
Other expenses paid from plan in this plan year2025-10-130
Other contributions to plan in this plan year2025-10-130
Other income to plan in this plan year2025-10-1326760
Plan net income in this plan year2025-10-1350353
Net assets as of the end of the plan year2025-10-13251923
Net assets as of the beginning of the plan year2025-10-13201570
Employer contributions to plan in this plan year2025-10-130
Fees paid to broker by Benefit Provider2025-10-1363
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-1355
2024 : 403(B) THRIFT PLAN OF BUILDING SKILLS NY 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-140
Total liabilities as of the end of the plan year2024-10-140
Total liabilities as of the beginning of the plan year2024-10-140
Total expenses incurred by plan in this plan year2024-10-14695
Net assets as of the end of the plan year2024-10-14201570
Total assets as of the beginning of the plan year2024-10-14144715
Participant contributions to plan in this plan year2024-10-1431809
Other expenses paid from plan in this plan year2024-10-140
Other contributions to plan in this plan year2024-10-140
Other income to plan in this plan year2024-10-1425741
Plan net income in this plan year2024-10-1456855
Net assets as of the end of the plan year2024-10-14201570
Net assets as of the beginning of the plan year2024-10-14144715
Employer contributions to plan in this plan year2024-10-140
Fees paid to broker by Benefit Provider2024-10-145
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-1465

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