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J & B CLOSEOUTS INC. PENSION TRUST 401k Plan overview

Plan NameJ & B CLOSEOUTS INC. PENSION TRUST
Plan identification number 001

J & B CLOSEOUTS INC. PENSION TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

J & B CLOSEOUTS INC. has sponsored the creation of one or more 401k plans.

Company Name:J & B CLOSEOUTS INC.
Employer identification number (EIN):463483249
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Additional information about J & B CLOSEOUTS INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2013-08-21
Company Identification Number: 4449104
Legal Registered Office Address: 51 FOREST RD
Kings
MONROE
United States of America (USA)
10950

More information about J & B CLOSEOUTS INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan J & B CLOSEOUTS INC. PENSION TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LIPA BRACH2024-10-15
0012022-01-01LIPA BRACH2023-10-16
0012021-01-01LIPA BRACH2022-10-13
0012020-01-01LIPA BRACH2021-10-07
0012019-01-01LIPA BRACH2020-10-13
0012018-01-01LIPA BRACH2019-10-10
0012017-01-01LIPA BRACH2018-10-03 LIPA BRACH2018-10-03

Financial Data on J & B CLOSEOUTS INC. PENSION TRUST

Measure Date Value
2024 : J & B CLOSEOUTS INC. PENSION TRUST 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-10-140
Total expenses incurred by plan in this plan year2024-10-1411785
Net assets as of the end of the plan year2024-10-14671662
Total assets as of the beginning of the plan year2024-10-14565484
Value of plan covered by a fidelity bond2024-10-1420000
Other expenses paid from plan in this plan year2024-10-1411785
Other income to plan in this plan year2024-10-14105963
Plan net income in this plan year2024-10-14106178
Net assets as of the end of the plan year2024-10-14671662
Net assets as of the beginning of the plan year2024-10-14565484
Employer contributions to plan in this plan year2024-10-1412000

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