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B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameB & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 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.
  • 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 INSURANCE SOLUTIONS, INC has sponsored the creation of one or more 401k plans.

Company Name:B & B INSURANCE SOLUTIONS, INC
Employer identification number (EIN):650983292
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012018-01-01

Plan Statistics for B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2024: B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-12-3012
Total number of particpants at end of year2024-12-300
Number of Participants With Account Balances2024-12-300
Total number of particpants at beginning of year2024-12-2715
Total number of particpants at end of year2024-12-2712
Number of Participants With Account Balances2024-12-279
2023: B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2023 401k membership
Total number of particpants at beginning of year2023-03-1312
Total number of particpants at end of year2023-03-1313
Number of Participants With Account Balances2023-03-139
2022: B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-04-289
Total number of particpants at end of year2022-04-2811
Number of Participants With Account Balances2022-04-288

Financial Data on B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2024 : B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-12-30-61817
Total liabilities as of the end of the plan year2024-12-300
Total liabilities as of the beginning of the plan year2024-12-308557
Total expenses incurred by plan in this plan year2024-12-30718
Net assets as of the end of the plan year2024-12-300
Total assets as of the beginning of the plan year2024-12-3067135
Participant contributions to plan in this plan year2024-12-300
Other expenses paid from plan in this plan year2024-12-300
Other contributions to plan in this plan year2024-12-300
Other income to plan in this plan year2024-12-303957
Plan net income in this plan year2024-12-303239
Net assets as of the end of the plan year2024-12-300
Net assets as of the beginning of the plan year2024-12-3058578
Employer contributions to plan in this plan year2024-12-300
Fees paid to broker by Benefit Provider2024-12-30718
Expensese paid to adminstrative service provicers from plan in this plan year2024-12-30718
Total transfers to/from plan in this plan year2024-12-270
Total liabilities as of the end of the plan year2024-12-278557
Total liabilities as of the beginning of the plan year2024-12-278917
Total expenses incurred by plan in this plan year2024-12-278096
Net assets as of the end of the plan year2024-12-2767135
Total assets as of the beginning of the plan year2024-12-2755329
Participant contributions to plan in this plan year2024-12-275060
Other expenses paid from plan in this plan year2024-12-270
Other contributions to plan in this plan year2024-12-270
Other income to plan in this plan year2024-12-2710797
Plan net income in this plan year2024-12-2712166
Net assets as of the end of the plan year2024-12-2758578
Net assets as of the beginning of the plan year2024-12-2746412
Employer contributions to plan in this plan year2024-12-274405
Fees paid to broker by Benefit Provider2024-12-27996
Expensese paid to adminstrative service provicers from plan in this plan year2024-12-27996
2023 : B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total transfers to/from plan in this plan year2023-03-130
Total liabilities as of the end of the plan year2023-03-135729
Total liabilities as of the beginning of the plan year2023-03-130
Total expenses incurred by plan in this plan year2023-03-131065
Net assets as of the end of the plan year2023-03-1363275
Total assets as of the beginning of the plan year2023-03-1342422
Participant contributions to plan in this plan year2023-03-135015
Other expenses paid from plan in this plan year2023-03-130
Other contributions to plan in this plan year2023-03-130
Other income to plan in this plan year2023-03-136799
Plan net income in this plan year2023-03-1315124
Net assets as of the end of the plan year2023-03-1357546
Net assets as of the beginning of the plan year2023-03-1342422
Employer contributions to plan in this plan year2023-03-134375
Fees paid to broker by Benefit Provider2023-03-131065
Expensese paid to adminstrative service provicers from plan in this plan year2023-03-131065
2022 : B & B INSURANCE SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-04-280
Total liabilities as of the end of the plan year2022-04-28801
Total liabilities as of the beginning of the plan year2022-04-280
Total expenses incurred by plan in this plan year2022-04-28730
Net assets as of the end of the plan year2022-04-2814508
Total assets as of the beginning of the plan year2022-04-280
Participant contributions to plan in this plan year2022-04-284726
Other expenses paid from plan in this plan year2022-04-280
Other contributions to plan in this plan year2022-04-286142
Other income to plan in this plan year2022-04-28-1085
Plan net income in this plan year2022-04-2813707
Net assets as of the end of the plan year2022-04-2813707
Net assets as of the beginning of the plan year2022-04-280
Employer contributions to plan in this plan year2022-04-284654
Fees paid to broker by Benefit Provider2022-04-28731
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-28730

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