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BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameBUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST
Plan identification number 001

BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 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

BUILDERS EXCHANGE OF TENNESSEE INC has sponsored the creation of one or more 401k plans.

Company Name:BUILDERS EXCHANGE OF TENNESSEE INC
Employer identification number (EIN):620455849
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01PATRICIA E. CORBITT2024-07-12
0012022-01-01PATRICIA E. CORBITT2023-07-06
0012021-01-01PATRICIA E. CORBITT2022-07-22
0012020-01-01PATRICIA E. CORBITT2021-04-16
0012019-01-01PATRICIA E. CORBITT2020-07-06
0012018-01-01PATRICIA E. CORBITT2019-07-12
0012017-01-01PATRICIA E. CORBITT2018-07-12
0012016-01-01PATRICIA E. CORBITT PATRICIA E. CORBITT2017-07-20
0012015-01-01PATRICIA E. CORBITT PATRICIA E. CORBITT2016-07-27
0012014-01-01PATRICIA E. CORBITT PATRICIA E. CORBITT2015-07-31
0012013-01-01PATRICIA E. CORBITT PATRICIA E. CORBITT2014-07-28
0012012-01-01PATRICIA E. CORBITT PATRICIA E. CORBITT2013-07-26
0012011-01-01PATRICIA E. CORBITT PATRICIA E. CORBITT2012-07-11
0012010-01-01PATRICIA E. CORBITT PATRICIA E. CORBITT2011-07-07
0012009-01-01PATRICIA E. CORBITT PATRICIA E. CORBITT2010-07-20

Financial Data on BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST

Measure Date Value
2025 : BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-1611780
Net assets as of the end of the plan year2025-06-161002402
Total assets as of the beginning of the plan year2025-06-16895981
Value of plan covered by a fidelity bond2025-06-16265000
Participant contributions to plan in this plan year2025-06-1631804
Other income to plan in this plan year2025-06-1672421
Plan net income in this plan year2025-06-16106421
Net assets as of the end of the plan year2025-06-161002402
Net assets as of the beginning of the plan year2025-06-16895981
Employer contributions to plan in this plan year2025-06-1613976
Fees paid to broker by Benefit Provider2025-06-167604
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-1611780
2024 : BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-1245174
Net assets as of the end of the plan year2024-07-12895981
Total assets as of the beginning of the plan year2024-07-12792231
Value of plan covered by a fidelity bond2024-07-12265000
Participant contributions to plan in this plan year2024-07-1231392
Other contributions to plan in this plan year2024-07-1231132
Other income to plan in this plan year2024-07-1272120
Plan net income in this plan year2024-07-12103750
Net assets as of the end of the plan year2024-07-12895981
Net assets as of the beginning of the plan year2024-07-12792231
Employer contributions to plan in this plan year2024-07-1214280
Fees paid to broker by Benefit Provider2024-07-126735
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-1210506
2022 : BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-22235730
Net assets as of the end of the plan year2022-07-22873243
Total assets as of the beginning of the plan year2022-07-22942918
Value of plan covered by a fidelity bond2022-07-22250000
Participant contributions to plan in this plan year2022-07-2228699
Value of participant loans at end of plan year2022-07-228247
Other income to plan in this plan year2022-07-22124602
Plan net income in this plan year2022-07-22-69675
Net assets as of the end of the plan year2022-07-22873243
Net assets as of the beginning of the plan year2022-07-22942918
Employer contributions to plan in this plan year2022-07-2212754
Fees paid to broker by Benefit Provider2022-07-227897
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-2214113
2016 : BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2016 401k financial data
Total income from all sources2016-12-31$86,502
Expenses. Total of all expenses incurred2016-12-31$86,665
Benefits paid (including direct rollovers)2016-12-31$82,356
Total plan assets at end of year2016-12-31$528,746
Total plan assets at beginning of year2016-12-31$528,909
Value of fidelity bond covering the plan2016-12-31$100,000
Total contributions received or receivable from participants2016-12-31$27,670
Contributions received from other sources (not participants or employers)2016-12-31$9,959
Other income received2016-12-31$35,061
Net income (gross income less expenses)2016-12-31$-163
Net plan assets at end of year (total assets less liabilities)2016-12-31$528,746
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$528,909
Assets. Value of participant loans2016-12-31$30,334
Total contributions received or receivable from employer(s)2016-12-31$13,812
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$4,309
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2015 401k financial data
Total income from all sources2015-12-31$38,255
Expenses. Total of all expenses incurred2015-12-31$4,164
Total plan assets at end of year2015-12-31$528,909
Total plan assets at beginning of year2015-12-31$494,818
Value of fidelity bond covering the plan2015-12-31$10,000
Total contributions received or receivable from participants2015-12-31$29,636
Contributions received from other sources (not participants or employers)2015-12-31$10,029
Other income received2015-12-31$-15,678
Net income (gross income less expenses)2015-12-31$34,091
Net plan assets at end of year (total assets less liabilities)2015-12-31$528,909
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$494,818
Assets. Value of participant loans2015-12-31$3,678
Total contributions received or receivable from employer(s)2015-12-31$14,268
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$4,164
2014 : BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2014 401k financial data
Total income from all sources2014-12-31$71,616
Expenses. Total of all expenses incurred2014-12-31$3,635
Total plan assets at end of year2014-12-31$494,818
Total plan assets at beginning of year2014-12-31$426,837
Value of fidelity bond covering the plan2014-12-31$10,000
Total contributions received or receivable from participants2014-12-31$27,687
Contributions received from other sources (not participants or employers)2014-12-31$9,839
Other income received2014-12-31$20,728
Net income (gross income less expenses)2014-12-31$67,981
Net plan assets at end of year (total assets less liabilities)2014-12-31$494,818
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$426,837
Assets. Value of participant loans2014-12-31$13,332
Total contributions received or receivable from employer(s)2014-12-31$13,362
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$3,635
2013 : BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total income from all sources2013-12-31$92,309
Expenses. Total of all expenses incurred2013-12-31$10,387
Benefits paid (including direct rollovers)2013-12-31$7,533
Total plan assets at end of year2013-12-31$426,837
Total plan assets at beginning of year2013-12-31$344,915
Value of fidelity bond covering the plan2013-12-31$10,000
Total contributions received or receivable from participants2013-12-31$24,277
Contributions received from other sources (not participants or employers)2013-12-31$11,654
Other income received2013-12-31$44,256
Net income (gross income less expenses)2013-12-31$81,922
Net plan assets at end of year (total assets less liabilities)2013-12-31$426,837
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$344,915
Assets. Value of participant loans2013-12-31$22,407
Total contributions received or receivable from employer(s)2013-12-31$12,122
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$2,854
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total income from all sources2012-12-31$67,063
Expenses. Total of all expenses incurred2012-12-31$2,341
Total plan assets at end of year2012-12-31$344,915
Total plan assets at beginning of year2012-12-31$280,193
Value of fidelity bond covering the plan2012-12-31$10,000
Total contributions received or receivable from participants2012-12-31$25,453
Contributions received from other sources (not participants or employers)2012-12-31$8,188
Other income received2012-12-31$20,645
Net income (gross income less expenses)2012-12-31$64,722
Net plan assets at end of year (total assets less liabilities)2012-12-31$344,915
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$280,193
Assets. Value of participant loans2012-12-31$18,206
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022012-12-31$5,373
Total contributions received or receivable from employer(s)2012-12-31$12,777
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$2,341
2011 : BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total income from all sources2011-12-31$37,069
Expenses. Total of all expenses incurred2011-12-31$7,997
Benefits paid (including direct rollovers)2011-12-31$5,941
Total plan assets at end of year2011-12-31$280,193
Total plan assets at beginning of year2011-12-31$251,121
Value of fidelity bond covering the plan2011-12-31$10,000
Total contributions received or receivable from participants2011-12-31$24,698
Contributions received from other sources (not participants or employers)2011-12-31$4,262
Other income received2011-12-31$-4,300
Net income (gross income less expenses)2011-12-31$29,072
Net plan assets at end of year (total assets less liabilities)2011-12-31$280,193
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$251,121
Assets. Value of participant loans2011-12-31$6,219
Total contributions received or receivable from employer(s)2011-12-31$12,409
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$2,056
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$65,455
Expenses. Total of all expenses incurred2010-12-31$4,211
Benefits paid (including direct rollovers)2010-12-31$2,687
Total plan assets at end of year2010-12-31$251,121
Total plan assets at beginning of year2010-12-31$189,877
Value of fidelity bond covering the plan2010-12-31$10,000
Total contributions received or receivable from participants2010-12-31$25,720
Contributions received from other sources (not participants or employers)2010-12-31$1,639
Other income received2010-12-31$25,253
Net income (gross income less expenses)2010-12-31$61,244
Net plan assets at end of year (total assets less liabilities)2010-12-31$251,121
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$189,877
Assets. Value of participant loans2010-12-31$10,398
Total contributions received or receivable from employer(s)2010-12-31$12,843
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,524
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST

2016: BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BUILDERS EXCHANGE OF TENNESSEE INC PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number12106
Policy instance 1
METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number12106
Policy instance 1
METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number12106
Policy instance 1
METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number12106
Policy instance 1
METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number12106
Policy instance 1
METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number12106
Policy instance 1

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