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B & B DRAIN TECH INC. 401(K) PLAN 401k Plan overview

Plan NameB & B DRAIN TECH INC. 401(K) PLAN
Plan identification number 001

B & B DRAIN TECH 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.
  • 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

B & B DRAIN TECH INC. has sponsored the creation of one or more 401k plans.

Company Name:B & B DRAIN TECH INC.
Employer identification number (EIN):473077980
NAIC Classification:562000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & B DRAIN TECH 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

Financial Data on B & B DRAIN TECH INC. 401(K) PLAN

Measure Date Value
2024 : B & B DRAIN TECH INC. 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-1519012
Net assets as of the end of the plan year2024-07-15371694
Total assets as of the beginning of the plan year2024-07-15257058
Value of plan covered by a fidelity bond2024-07-1550000
Participant contributions to plan in this plan year2024-07-1541040
Other income to plan in this plan year2024-07-1547861
Plan net income in this plan year2024-07-15114636
Net assets as of the end of the plan year2024-07-15371694
Net assets as of the beginning of the plan year2024-07-15257058
Employer contributions to plan in this plan year2024-07-1544747
Fees paid to broker by Benefit Provider2024-07-152333
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-156247
2022 : B & B DRAIN TECH INC. 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-295813
Net assets as of the end of the plan year2022-09-29235132
Total assets as of the beginning of the plan year2022-09-29106163
Value of plan covered by a fidelity bond2022-09-2950000
Participant contributions to plan in this plan year2022-09-2962658
Other income to plan in this plan year2022-09-2918689
Plan net income in this plan year2022-09-29128969
Net assets as of the end of the plan year2022-09-29235132
Net assets as of the beginning of the plan year2022-09-29106163
Employer contributions to plan in this plan year2022-09-2953435
Fees paid to broker by Benefit Provider2022-09-291139
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-292075

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