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B & B DRAIN TECH QC, INC. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameB & B DRAIN TECH QC, INC. CASH BALANCE PENSION PLAN
Plan identification number 002

B & B DRAIN TECH QC, INC. CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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

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 QC, INC. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01

Financial Data on B & B DRAIN TECH QC, INC. CASH BALANCE PENSION PLAN

Measure Date Value
2025 : B & B DRAIN TECH QC, INC. CASH BALANCE PENSION PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-09-030
Total liabilities as of the beginning of the plan year2025-09-030
Total expenses incurred by plan in this plan year2025-09-0340422
Net assets as of the end of the plan year2025-09-030
Total assets as of the beginning of the plan year2025-09-0339070
Other income to plan in this plan year2025-09-031352
Plan net income in this plan year2025-09-03-39070
Net assets as of the end of the plan year2025-09-030
Net assets as of the beginning of the plan year2025-09-0339070
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-030
Total liabilities as of the end of the plan year2025-08-040
Total liabilities as of the beginning of the plan year2025-08-040
Total expenses incurred by plan in this plan year2025-08-04463355
Net assets as of the end of the plan year2025-08-0439070
Total assets as of the beginning of the plan year2025-08-04459391
Value of plan covered by a fidelity bond2025-08-0450000
Other income to plan in this plan year2025-08-0443034
Plan net income in this plan year2025-08-04-420321
Net assets as of the end of the plan year2025-08-0439070
Net assets as of the beginning of the plan year2025-08-04459391
Employer contributions to plan in this plan year2025-08-040
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-044327
2024 : B & B DRAIN TECH QC, INC. CASH BALANCE PENSION PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-10-100
Total liabilities as of the beginning of the plan year2024-10-100
Total expenses incurred by plan in this plan year2024-10-102706
Net assets as of the end of the plan year2024-10-10459391
Total assets as of the beginning of the plan year2024-10-10291669
Value of plan covered by a fidelity bond2024-10-1050000
Other income to plan in this plan year2024-10-1029753
Plan net income in this plan year2024-10-10167722
Net assets as of the end of the plan year2024-10-10459391
Net assets as of the beginning of the plan year2024-10-10291669
Employer contributions to plan in this plan year2024-10-10140675
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-102706

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