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TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameTAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

TAYLOR & MARTIN ENTERPRISES, INC. has sponsored the creation of one or more 401k plans.

Company Name:TAYLOR & MARTIN ENTERPRISES, INC.
Employer identification number (EIN):621236695
NAIC Classification:561900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01JESSUP WILSON
0022016-01-01JESSUP WILSON
0022015-01-01JESSUP WILSON
0022014-01-01JESSUP WILSON

Plan Statistics for TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0181
Total number of active participants reported on line 7a of the Form 55002022-01-0164
Number of retired or separated participants receiving benefits2022-01-0112
Number of other retired or separated participants entitled to future benefits2022-01-018
Total of all active and inactive participants2022-01-0184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0184
Number of participants with account balances2022-01-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0180
Total number of active participants reported on line 7a of the Form 55002021-01-0160
Number of retired or separated participants receiving benefits2021-01-0110
Number of other retired or separated participants entitled to future benefits2021-01-017
Total of all active and inactive participants2021-01-0177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0177
Number of participants with account balances2021-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-013
2020: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0177
Total number of active participants reported on line 7a of the Form 55002020-01-0165
Number of retired or separated participants receiving benefits2020-01-017
Number of other retired or separated participants entitled to future benefits2020-01-018
Total of all active and inactive participants2020-01-0180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0180
Number of participants with account balances2020-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-013
2019: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0169
Total number of active participants reported on line 7a of the Form 55002019-01-0162
Number of retired or separated participants receiving benefits2019-01-015
Number of other retired or separated participants entitled to future benefits2019-01-017
Total of all active and inactive participants2019-01-0174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0174
Number of participants with account balances2019-01-0172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013
2018: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0165
Total number of active participants reported on line 7a of the Form 55002018-01-0161
Number of retired or separated participants receiving benefits2018-01-014
Number of other retired or separated participants entitled to future benefits2018-01-014
Total of all active and inactive participants2018-01-0169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0169
Number of participants with account balances2018-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0168
Total number of active participants reported on line 7a of the Form 55002017-01-0156
Number of retired or separated participants receiving benefits2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-018
Total of all active and inactive participants2017-01-0165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0165
Number of participants with account balances2017-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-015
2016: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0168
Total number of active participants reported on line 7a of the Form 55002016-01-0163
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-015
Total of all active and inactive participants2016-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0168
Number of participants with account balances2016-01-0165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-013
2015: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0167
Total number of active participants reported on line 7a of the Form 55002015-01-0163
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-013
Total of all active and inactive participants2015-01-0166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-0167
Number of participants with account balances2015-01-0164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-013
2014: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0167
Total number of active participants reported on line 7a of the Form 55002014-01-0167
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-0167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0167
Number of participants with account balances2014-01-0161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$20,647,418
Total plan liabilities at beginning of year2022-12-31$10,216,879
Total income from all sources2022-12-31$75,032,351
Expenses. Total of all expenses incurred2022-12-31$1,688,636
Benefits paid (including direct rollovers)2022-12-31$1,464,603
Total plan assets at end of year2022-12-31$184,261,756
Total plan assets at beginning of year2022-12-31$100,487,502
Value of fidelity bond covering the plan2022-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2022-12-31$224,033
Other income received2022-12-31$74,474,582
Net income (gross income less expenses)2022-12-31$73,343,715
Net plan assets at end of year (total assets less liabilities)2022-12-31$163,614,338
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$90,270,623
Assets. Value of employer securities2022-12-31$180,365,737
Total contributions received or receivable from employer(s)2022-12-31$557,769
2021 : TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$10,216,879
Total plan liabilities at beginning of year2021-12-31$8,501,240
Total income from all sources2021-12-31$52,146,384
Expenses. Total of all expenses incurred2021-12-31$1,184,323
Benefits paid (including direct rollovers)2021-12-31$951,389
Total plan assets at end of year2021-12-31$100,487,502
Total plan assets at beginning of year2021-12-31$47,809,802
Value of fidelity bond covering the plan2021-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2021-12-31$232,934
Other income received2021-12-31$51,588,614
Net income (gross income less expenses)2021-12-31$50,962,061
Net plan assets at end of year (total assets less liabilities)2021-12-31$90,270,623
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$39,308,562
Assets. Value of employer securities2021-12-31$98,431,030
Total contributions received or receivable from employer(s)2021-12-31$557,770
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$8,501,240
Total plan liabilities at beginning of year2020-12-31$8,817,412
Total income from all sources2020-12-31$11,836,952
Expenses. Total of all expenses incurred2020-12-31$769,685
Benefits paid (including direct rollovers)2020-12-31$528,088
Total plan assets at end of year2020-12-31$47,809,802
Total plan assets at beginning of year2020-12-31$37,058,707
Value of fidelity bond covering the plan2020-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2020-12-31$241,597
Other income received2020-12-31$11,279,182
Net income (gross income less expenses)2020-12-31$11,067,267
Net plan assets at end of year (total assets less liabilities)2020-12-31$39,308,562
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$28,241,295
Assets. Value of employer securities2020-12-31$46,842,951
Total contributions received or receivable from employer(s)2020-12-31$557,770
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$8,817,412
Total plan liabilities at beginning of year2019-12-31$9,125,153
Total income from all sources2019-12-31$13,003,734
Expenses. Total of all expenses incurred2019-12-31$589,757
Benefits paid (including direct rollovers)2019-12-31$339,728
Total plan assets at end of year2019-12-31$37,058,707
Total plan assets at beginning of year2019-12-31$24,952,471
Value of fidelity bond covering the plan2019-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2019-12-31$250,029
Other income received2019-12-31$12,417,291
Net income (gross income less expenses)2019-12-31$12,413,977
Net plan assets at end of year (total assets less liabilities)2019-12-31$28,241,295
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$15,827,318
Assets. Value of employer securities2019-12-31$36,501,000
Total contributions received or receivable from employer(s)2019-12-31$586,443
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$9,125,153
Total plan liabilities at beginning of year2018-12-31$9,424,686
Total income from all sources2018-12-31$11,210,768
Expenses. Total of all expenses incurred2018-12-31$447,896
Benefits paid (including direct rollovers)2018-12-31$189,660
Total plan assets at end of year2018-12-31$24,952,471
Total plan assets at beginning of year2018-12-31$14,489,132
Value of fidelity bond covering the plan2018-12-31$500,000
Expenses. Other expenses not covered elsewhere2018-12-31$258,236
Other income received2018-12-31$10,463,832
Net income (gross income less expenses)2018-12-31$10,762,872
Net plan assets at end of year (total assets less liabilities)2018-12-31$15,827,318
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$5,064,446
Assets. Value of employer securities2018-12-31$24,942,350
Total contributions received or receivable from employer(s)2018-12-31$746,936
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$9,424,686
Total plan liabilities at beginning of year2017-12-31$9,716,230
Total income from all sources2017-12-31$7,130,508
Expenses. Total of all expenses incurred2017-12-31$335,628
Benefits paid (including direct rollovers)2017-12-31$69,403
Total plan assets at end of year2017-12-31$14,489,132
Total plan assets at beginning of year2017-12-31$7,985,796
Value of fidelity bond covering the plan2017-12-31$250,000
Expenses. Other expenses not covered elsewhere2017-12-31$266,225
Other income received2017-12-31$6,503,335
Net income (gross income less expenses)2017-12-31$6,794,880
Net plan assets at end of year (total assets less liabilities)2017-12-31$5,064,446
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$-1,730,434
Assets. Value of employer securities2017-12-31$14,478,731
Total contributions received or receivable from employer(s)2017-12-31$627,173
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$9,716,230
Total plan liabilities at beginning of year2016-12-31$10,000,000
Total income from all sources2016-12-31$2,445,296
Expenses. Total of all expenses incurred2016-12-31$279,258
Benefits paid (including direct rollovers)2016-12-31$5,258
Total plan assets at end of year2016-12-31$7,985,796
Total plan assets at beginning of year2016-12-31$6,103,528
Value of fidelity bond covering the plan2016-12-31$250,000
Expenses. Other expenses not covered elsewhere2016-12-31$274,000
Other income received2016-12-31$1,882,267
Net income (gross income less expenses)2016-12-31$2,166,038
Net plan assets at end of year (total assets less liabilities)2016-12-31$-1,730,434
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$-3,896,472
Assets. Value of employer securities2016-12-31$7,975,469
Total contributions received or receivable from employer(s)2016-12-31$563,029
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$10,000,000
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$-4,896,472
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$6,103,528
Total plan assets at beginning of year2015-12-31$1,000,000
Value of fidelity bond covering the plan2015-12-31$250,000
Other income received2015-12-31$-5,896,472
Net income (gross income less expenses)2015-12-31$-4,896,472
Net plan assets at end of year (total assets less liabilities)2015-12-31$-3,896,472
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,000,000
Assets. Value of employer securities2015-12-31$6,093,233
Total contributions received or receivable from employer(s)2015-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources2014-12-31$1,000,000
Expenses. Total of all expenses incurred2014-12-31$0
Total plan assets at end of year2014-12-31$1,000,000
Total plan assets at beginning of year2014-12-31$0
Value of fidelity bond covering the plan2014-12-31$250,000
Net income (gross income less expenses)2014-12-31$1,000,000
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,000,000
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2022: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP 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 filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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 – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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 – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TAYLOR & MARTIN ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
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 – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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