401k Plan data: R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN plan

R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN 401k Plan overview

Plan Name	R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN
Plan identification number	001

R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

R & B PROTECTIVE COATINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name: R & B PROTECTIVE COATINGS, INC.

Employer identification number (EIN): 680263116

NAIC Classification: 238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01 RICHARD JOAQUIN 2021-09-03
001 2019-01-01 RICHARD JOAQUIN 2020-09-28
001 2018-01-01 RICHARD JOAQUIN 2019-10-14
001 2017-01-01 RICHARD JOAQUIN 2018-07-31
001 2017-01-01 RICHARD JOAQUIN 2018-07-03
001 2016-01-01 RICHARD JOAQUIN 2017-04-25
001 2016-01-01 RICHARD JOAQUIN 2017-04-25 RICHARD JOAQUIN 2017-04-25
001 2015-01-01 RICHARD JOAQUIN 2016-10-04
001 2014-01-01 RICHARD JOAQUIN 2015-07-14 RICHARD JOAQUIN 2015-07-14
001 2013-01-01 RICHARD JOAQUIN 2014-09-24 RICHARD JOAQUIN 2014-09-24
001 2012-01-01 RICHARD JOAQUIN 2013-08-05 RICHARD JOAQUIN 2013-08-05
001 2011-01-01 RICHARD JOAQUIN 2012-07-30 RICHARD JOAQUIN 2012-07-30
001 2010-01-01 RICHARD JOAQUIN 2011-04-26 RICHARD JOAQUIN 2011-04-26

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01	RICHARD JOAQUIN	2021-09-03
001	2019-01-01	RICHARD JOAQUIN	2020-09-28
001	2018-01-01	RICHARD JOAQUIN	2019-10-14
001	2017-01-01	RICHARD JOAQUIN	2018-07-31
001	2017-01-01	RICHARD JOAQUIN	2018-07-03
001	2016-01-01	RICHARD JOAQUIN	2017-04-25
001	2016-01-01	RICHARD JOAQUIN	2017-04-25	RICHARD JOAQUIN	2017-04-25
001	2015-01-01	RICHARD JOAQUIN	2016-10-04
001	2014-01-01	RICHARD JOAQUIN	2015-07-14	RICHARD JOAQUIN	2015-07-14
001	2013-01-01	RICHARD JOAQUIN	2014-09-24	RICHARD JOAQUIN	2014-09-24
001	2012-01-01	RICHARD JOAQUIN	2013-08-05	RICHARD JOAQUIN	2013-08-05
001	2011-01-01	RICHARD JOAQUIN	2012-07-30	RICHARD JOAQUIN	2012-07-30
001	2010-01-01	RICHARD JOAQUIN	2011-04-26	RICHARD JOAQUIN	2011-04-26

Plan Statistics for R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN

401k plan membership statisitcs for R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN

Measure Date Value
2017: R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN 2017 401k membership
Market value of plan assets 2017-12-31 1,022,017
Acturial value of plan assets 2017-12-31 1,022,017
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 6
Fundng target for terminated vested participants 2017-12-31 2,343
Active participant vested funding target 2017-12-31 681,648
Number of active participants 2017-12-31 20
Total funding liabilities for active participants 2017-12-31 621,799
Total participant count 2017-12-31 26
Total funding target for all participants 2017-12-31 624,142
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 23,612
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 23,612
Present value of excess contributions 2017-12-31 289,652
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 289,652
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 24,573
Total employer contributions 2017-12-31 424,690
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 423,387
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 262,112
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 423,387
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN 2016 401k membership
Market value of plan assets 2016-12-31 424,550
Acturial value of plan assets 2016-12-31 424,550
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 4
Fundng target for terminated vested participants 2016-12-31 2,136
Active participant vested funding target 2016-12-31 434,524
Number of active participants 2016-12-31 17
Total funding liabilities for active participants 2016-12-31 434,524
Total participant count 2016-12-31 21
Total funding target for all participants 2016-12-31 436,660
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 35,343
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 9,861
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 25,482
Present value of excess contributions 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 23,612
Total employer contributions 2016-12-31 515,665
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 508,137
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 211,670
Net shortfall amortization installment of oustanding balance 2016-12-31 36,959
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 218,485
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 218,485
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 508,137
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2017: R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN 2017 401k membership
Market value of plan assets	2017-12-31	1,022,017
Acturial value of plan assets	2017-12-31	1,022,017
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	6
Fundng target for terminated vested participants	2017-12-31	2,343
Active participant vested funding target	2017-12-31	681,648
Number of active participants	2017-12-31	20
Total funding liabilities for active participants	2017-12-31	621,799
Total participant count	2017-12-31	26
Total funding target for all participants	2017-12-31	624,142
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	23,612
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	23,612
Present value of excess contributions	2017-12-31	289,652
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	289,652
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	24,573
Total employer contributions	2017-12-31	424,690
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	423,387
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	262,112
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	423,387
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: R & B PROTECTIVE COATINGS, INC. EMPLOYEES PROFIT SHARING PLAN 2016 401k membership
Market value of plan assets	2016-12-31	424,550
Acturial value of plan assets	2016-12-31	424,550
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	4
Fundng target for terminated vested participants	2016-12-31	2,136
Active participant vested funding target	2016-12-31	434,524
Number of active participants	2016-12-31	17
Total funding liabilities for active participants	2016-12-31	434,524
Total participant count	2016-12-31	21
Total funding target for all participants	2016-12-31	436,660
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	35,343
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	9,861
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	25,482
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	23,612
Total employer contributions	2016-12-31	515,665
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	508,137
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	211,670
Net shortfall amortization installment of oustanding balance	2016-12-31	36,959
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	218,485
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	218,485
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	508,137
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	R & B PROTECTIVE COATINGS, INC.
Employer identification number (EIN):	680263116
NAIC Classification:	238900