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B & D CONCRETE CUTTING, INC 401(K) PLAN 401k Plan overview

Plan NameB & D CONCRETE CUTTING, INC 401(K) PLAN
Plan identification number 001

B & D CONCRETE CUTTING, INC 401(K) 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.

401k Sponsoring company profile

B & D CONCRETE CUTTING, INC has sponsored the creation of one or more 401k plans.

Company Name:B & D CONCRETE CUTTING, INC
Employer identification number (EIN):582645514
NAIC Classification:238100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & D CONCRETE CUTTING, INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01MICHAEL TACKETT2019-05-09 JOYCE CLARK2019-05-09
0012017-01-01JOYCE CLARK2018-05-09 JOYCE CLARK2018-05-09
0012016-01-01JOYCE CLARK2017-07-19
0012015-01-01JOYCE CLARK2016-05-05 JOYCE CLARK2016-05-05
0012014-01-01JOYCE CLARK2015-06-23
0012013-01-01JOYCE CLARK2014-07-31 JOYCE CLARK2014-10-15
0012012-01-01JOYCE CLARK2013-08-30 JOYCE CLARK2013-08-30
0012011-01-01JOYCE CLARK2012-08-02 JOYCE CLARK2012-08-02

Plan Statistics for B & D CONCRETE CUTTING, INC 401(K) PLAN

401k plan membership statisitcs for B & D CONCRETE CUTTING, INC 401(K) PLAN

Measure Date Value
2019: B & D CONCRETE CUTTING, INC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01157
Total number of active participants reported on line 7a of the Form 55002019-01-010
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-010
Number of participants with account balances2019-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on B & D CONCRETE CUTTING, INC 401(K) PLAN

Measure Date Value
2019 : B & D CONCRETE CUTTING, INC 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-02$0
Total transfer of assets from this plan2019-12-02$1,106,584
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-02$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-02$0
Total income from all sources (including contributions)2019-12-02$287,001
Total loss/gain on sale of assets2019-12-02$0
Total of all expenses incurred2019-12-02$51,334
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-02$50,155
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-02$138,069
Value of total assets at end of year2019-12-02$0
Value of total assets at beginning of year2019-12-02$870,917
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-02$1,179
Total interest from all sources2019-12-02$2,752
Total dividends received (eg from common stock, registered investment company shares)2019-12-02$15,196
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-02Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-02$0
Total dividends received from registered investment company shares (eg mutual funds)2019-12-02$15,196
Was this plan covered by a fidelity bond2019-12-02Yes
Value of fidelity bond cover2019-12-02$25,000
If this is an individual account plan, was there a blackout period2019-12-02No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-02$0
Were there any nonexempt tranactions with any party-in-interest2019-12-02No
Contributions received from participants2019-12-02$83,224
Participant contributions at end of year2019-12-02$0
Participant contributions at beginning of year2019-12-02$64,983
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-02No
Value of net income/loss2019-12-02$235,667
Value of net assets at end of year (total assets less liabilities)2019-12-02$0
Value of net assets at beginning of year (total assets less liabilities)2019-12-02$870,917
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-02No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-02No
Were any leases to which the plan was party in default or uncollectible2019-12-02No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-02$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-02$805,934
Interest on participant loans2019-12-02$2,752
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-02$130,984
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-02No
Was there a failure to transmit to the plan any participant contributions2019-12-02No
Has the plan failed to provide any benefit when due under the plan2019-12-02No
Contributions received in cash from employer2019-12-02$54,845
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-02$50,155
Contract administrator fees2019-12-02$1,179
Did the plan have assets held for investment2019-12-02No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-02No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-02Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-02Yes
Opinion of an independent qualified public accountant for this plan2019-12-02Disclaimer
Accountancy firm name2019-12-02BROWN & ASSOCIATES PC
Accountancy firm EIN2019-12-02581945983

Form 5500 Responses for B & D CONCRETE CUTTING, INC 401(K) PLAN

2019: B & D CONCRETE CUTTING, INC 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingYes
2019-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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