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J & G MACHINERY, INC. EMPLOYEES' SAVINGS AND PROTECTION PLAN 401k Plan overview

Plan NameJ & G MACHINERY, INC. EMPLOYEES' SAVINGS AND PROTECTION PLAN
Plan identification number 001

J & G MACHINERY, INC. EMPLOYEES' SAVINGS AND PROTECTION PLAN 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

J & G MACHINERY, INC. has sponsored the creation of one or more 401k plans.

Company Name:J & G MACHINERY, INC.
Employer identification number (EIN):560889055
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan J & G MACHINERY, INC. EMPLOYEES' SAVINGS AND PROTECTION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01JERRY JOHNSON2023-10-05
0012021-01-01JERRY JOHNSON2022-02-23
0012020-01-01JERRY JOHNSON2021-04-01 JERRY JOHNSON2021-04-01
0012019-01-01JERRY JOHNSON2020-07-24
0012018-01-01JERRY JOHNSON2019-03-11 JERRY JOHNSON2019-03-11
0012017-01-01JERRY JOHNSON2018-03-20
0012016-01-01JERRY JOHNSON2017-03-10 JERRY JOHNSON2017-03-10
0012015-01-01JERRY JOHNSON2016-04-22 JERRY JOHNSON2016-04-22
0012014-01-01JERRY JOHNSON2015-08-04 JERRY JOHNSON2015-08-04
0012013-01-01JERRY JOHNSON2014-04-28
0012012-01-01JERRY JOHNSON2013-04-08 JERRY JOHNSON2013-04-08
0012011-01-01JERRY JOHNSON2012-03-20 JERRY JOHNSON2012-03-20
0012010-01-01JERRY JOHNSON2011-02-23

Financial Data on J & G MACHINERY, INC. EMPLOYEES' SAVINGS AND PROTECTION PLAN

Measure Date Value
2024 : J & G MACHINERY, INC. EMPLOYEES' SAVINGS AND PROTECTION PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-01-173706645
Net assets as of the end of the plan year2024-01-170
Total assets as of the beginning of the plan year2024-01-173492762
Value of plan covered by a fidelity bond2024-01-17500000
Other expenses paid from plan in this plan year2024-01-1711378
Other income to plan in this plan year2024-01-17213883
Plan net income in this plan year2024-01-17-3492762
Net assets as of the end of the plan year2024-01-170
Net assets as of the beginning of the plan year2024-01-173492762
2022 : J & G MACHINERY, INC. EMPLOYEES' SAVINGS AND PROTECTION PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-02-23196685
Net assets as of the end of the plan year2022-02-234139348
Total assets as of the beginning of the plan year2022-02-233603639
Value of plan covered by a fidelity bond2022-02-23500000
Participant contributions to plan in this plan year2022-02-23103269
Other expenses paid from plan in this plan year2022-02-2328685
Other income to plan in this plan year2022-02-23574199
Plan net income in this plan year2022-02-23535709
Net assets as of the end of the plan year2022-02-234139348
Net assets as of the beginning of the plan year2022-02-233603639
Employer contributions to plan in this plan year2022-02-2354926

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