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T & T SALVAGE, LLC 401(K) PLAN 401k Plan overview

Plan NameT & T SALVAGE, LLC 401(K) PLAN
Plan identification number 001

T & T SALVAGE, LLC 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.
  • 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.
  • 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

T&T SALVAGE, INC. has sponsored the creation of one or more 401k plans.

Company Name:T&T SALVAGE, INC.
Employer identification number (EIN):461166219
NAIC Classification:483000
NAIC Description: Water Transportation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan T & T SALVAGE, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TARA LAWRENCE AFS2024-07-18
0012022-01-01TARA LAWRENCE2023-07-05
0012021-01-01TARA LAWRENCE2022-06-23
0012020-01-01TARA LAWRENCE2021-06-21
0012018-01-01KELLY M TEICHMAN2019-07-16
0012017-01-01KELLY M TEICHMAN2018-07-30
0012016-01-01KELLY M TEICHMAN2017-07-31
0012015-01-01KELLY M TEICHMAN2016-07-18
0012014-01-01KELLY M TEICHMAN
0012013-01-01KELLY TEICHMAN KELLY TEICHMAN2014-07-30
0012012-12-01KELLY TEICHMAN KELLY TEICHMAN2013-07-11

Plan Statistics for T & T SALVAGE, LLC 401(K) PLAN

401k plan membership statisitcs for T & T SALVAGE, LLC 401(K) PLAN

Measure Date Value
2025: T & T SALVAGE, LLC 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-0240
Total number of particpants at end of year2025-06-0237
Number of Participants With Account Balances2025-06-0235
2024: T & T SALVAGE, LLC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-1846
Total number of particpants at end of year2024-07-1841
Number of Participants With Account Balances2024-07-1838
2022: T & T SALVAGE, LLC 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-2344
Total number of particpants at end of year2022-06-2348
Number of Participants With Account Balances2022-06-2345
2014: T & T SALVAGE, LLC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0123
Total number of active participants reported on line 7a of the Form 55002014-01-0117
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-017
Total of all active and inactive participants2014-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0124
Number of participants with account balances2014-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: T & T SALVAGE, LLC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0125
Total number of active participants reported on line 7a of the Form 55002013-01-0120
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-015
Total of all active and inactive participants2013-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0125
Number of participants with account balances2013-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-014
2012: T & T SALVAGE, LLC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-12-016
Total number of active participants reported on line 7a of the Form 55002012-12-0120
Number of retired or separated participants receiving benefits2012-12-010
Number of other retired or separated participants entitled to future benefits2012-12-010
Total of all active and inactive participants2012-12-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-12-010
Total participants2012-12-0120
Number of participants with account balances2012-12-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-12-010

Financial Data on T & T SALVAGE, LLC 401(K) PLAN

Measure Date Value
2025 : T & T SALVAGE, LLC 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-0246131
Net assets as of the end of the plan year2025-06-025278960
Total assets as of the beginning of the plan year2025-06-024289990
Value of plan covered by a fidelity bond2025-06-02146457
Participant contributions to plan in this plan year2025-06-02314052
Value of participant loans at end of plan year2025-06-0215050
Other contributions to plan in this plan year2025-06-020
Other income to plan in this plan year2025-06-02582791
Plan net income in this plan year2025-06-02988970
Net assets as of the end of the plan year2025-06-025278960
Net assets as of the beginning of the plan year2025-06-024289990
Value of contributions failed to transmitted timely2025-06-020
Employer contributions to plan in this plan year2025-06-02138258
Fees paid to broker by Benefit Provider2025-06-022774
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-020
2024 : T & T SALVAGE, LLC 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-18550729
Net assets as of the end of the plan year2024-07-184289990
Total assets as of the beginning of the plan year2024-07-183813234
Value of plan covered by a fidelity bond2024-07-1850000000
Participant contributions to plan in this plan year2024-07-18280403
Value of participant loans at end of plan year2024-07-1836746
Other contributions to plan in this plan year2024-07-180
Other income to plan in this plan year2024-07-18624357
Plan net income in this plan year2024-07-18476756
Net assets as of the end of the plan year2024-07-184289990
Net assets as of the beginning of the plan year2024-07-183813234
Employer contributions to plan in this plan year2024-07-18122725
Fees paid to broker by Benefit Provider2024-07-182719
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-1826138
2022 : T & T SALVAGE, LLC 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-230
Total expenses incurred by plan in this plan year2022-06-23302348
Net assets as of the end of the plan year2022-06-234269274
Total assets as of the beginning of the plan year2022-06-233570926
Value of plan covered by a fidelity bond2022-06-231000000
Participant contributions to plan in this plan year2022-06-23311354
Value of participant loans at end of plan year2022-06-2351296
Other expenses paid from plan in this plan year2022-06-230
Other contributions to plan in this plan year2022-06-230
Other income to plan in this plan year2022-06-23543606
Plan net income in this plan year2022-06-23698348
Net assets as of the end of the plan year2022-06-234269274
Net assets as of the beginning of the plan year2022-06-233570926
Employer contributions to plan in this plan year2022-06-23145736
Fees paid to broker by Benefit Provider2022-06-232347
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-2326880
2014 : T & T SALVAGE, LLC 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total income from all sources2014-12-31$224,355
Expenses. Total of all expenses incurred2014-12-31$238,438
Benefits paid (including direct rollovers)2014-12-31$238,141
Total plan assets at end of year2014-12-31$796,407
Total plan assets at beginning of year2014-12-31$810,490
Value of fidelity bond covering the plan2014-12-31$300,000
Total contributions received or receivable from participants2014-12-31$135,431
Expenses. Other expenses not covered elsewhere2014-12-31$297
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$38,086
Net income (gross income less expenses)2014-12-31$-14,083
Net plan assets at end of year (total assets less liabilities)2014-12-31$796,407
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$810,490
Assets. Value of participant loans2014-12-31$7,313
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022014-12-31$1,702
Total contributions received or receivable from employer(s)2014-12-31$50,838
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0
2013 : T & T SALVAGE, LLC 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$498,319
Total income from all sources2013-12-31$300,104
Expenses. Total of all expenses incurred2013-12-31$17,164
Benefits paid (including direct rollovers)2013-12-31$14,639
Total plan assets at end of year2013-12-31$810,490
Total plan assets at beginning of year2013-12-31$29,231
Value of fidelity bond covering the plan2013-12-31$300,000
Total contributions received or receivable from participants2013-12-31$149,460
Expenses. Other expenses not covered elsewhere2013-12-31$242
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$96,048
Net income (gross income less expenses)2013-12-31$282,940
Net plan assets at end of year (total assets less liabilities)2013-12-31$810,490
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$29,231
Assets. Value of participant loans2013-12-31$22,215
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022013-12-31$1,702
Total contributions received or receivable from employer(s)2013-12-31$54,596
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$2,283
Funding deficiency by the employer to the plan for this plan year2013-12-31$0
Minimum employer required contribution for this plan year2013-12-31$0
Amount contributed by the employer to the plan for this plan year2013-12-31$0
2012 : T & T SALVAGE, LLC 401(K) PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$5,899
Total income from all sources2012-12-31$23,332
Expenses. Total of all expenses incurred2012-12-31$0
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$29,231
Total plan assets at beginning of year2012-12-31$0
Total contributions received or receivable from participants2012-12-31$17,169
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$59
Net income (gross income less expenses)2012-12-31$23,332
Net plan assets at end of year (total assets less liabilities)2012-12-31$29,231
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Assets. Value of participant loans2012-12-31$5,604
Total contributions received or receivable from employer(s)2012-12-31$6,104
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0

Form 5500 Responses for T & T SALVAGE, LLC 401(K) PLAN

2014: T & T SALVAGE, LLC 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2013: T & T SALVAGE, LLC 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2012: T & T SALVAGE, LLC 401(K) PLAN 2012 form 5500 responses
2012-12-01Type of plan entitySingle employer plan
2012-12-01First time form 5500 has been submittedYes
2012-12-01Submission has been amendedNo
2012-12-01This submission is the final filingNo
2012-12-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-12-01Plan is a collectively bargained planNo
2012-12-01Plan funding arrangement – InsuranceYes
2012-12-01Plan funding arrangement – TrustYes
2012-12-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-832323
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-832323
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-832323
Policy instance 1

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