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DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameDAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

DAVIS IRON AND METAL, INC. has sponsored the creation of one or more 401k plans.

Company Name:DAVIS IRON AND METAL, INC.
Employer identification number (EIN):710524386
NAIC Classification:423500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012022-01-01LEE ANN NEIDECKER2024-01-17
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01CARL DAVIS
0012016-01-01CARL DAVIS
0012015-01-01CARL DAVIS
0012014-01-01CARL DAVIS
0012013-01-01CARL DAVIS
0012012-01-01CARL DAVIS

Plan Statistics for DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0144
Total number of active participants reported on line 7a of the Form 55002022-01-0139
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-011
Total of all active and inactive participants2022-01-0141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0141
Number of participants with account balances2022-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0141
Total number of active participants reported on line 7a of the Form 55002021-01-0136
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-011
Total of all active and inactive participants2021-01-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-0140
Number of participants with account balances2021-01-0139
2020: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0138
Total number of active participants reported on line 7a of the Form 55002020-01-0132
Total of all active and inactive participants2020-01-0132
Total participants2020-01-0132
Number of participants with account balances2020-01-010
2019: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0142
Total number of active participants reported on line 7a of the Form 55002019-01-0138
Total of all active and inactive participants2019-01-0138
Total participants2019-01-0138
Number of participants with account balances2019-01-0138
2018: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0143
Total number of active participants reported on line 7a of the Form 55002018-01-0142
Total of all active and inactive participants2018-01-0142
Total participants2018-01-0142
2017: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-010
Total number of active participants reported on line 7a of the Form 55002017-01-0143
Total of all active and inactive participants2017-01-0143
Total participants2017-01-0143
Number of participants with account balances2017-01-0143
2016: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0138
Total number of active participants reported on line 7a of the Form 55002016-01-0145
Total of all active and inactive participants2016-01-0145
Total participants2016-01-0145
Number of participants with account balances2016-01-0145
2015: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0142
Total number of active participants reported on line 7a of the Form 55002015-01-0138
Number of other retired or separated participants entitled to future benefits2015-01-016
Total of all active and inactive participants2015-01-0144
Total participants2015-01-0144
Number of participants with account balances2015-01-0144
2014: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0143
Total number of active participants reported on line 7a of the Form 55002014-01-0142
Total of all active and inactive participants2014-01-0142
Total participants2014-01-0142
Number of participants with account balances2014-01-0142
2013: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0146
Total number of active participants reported on line 7a of the Form 55002013-01-0142
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-0143
Total participants2013-01-0143
Number of participants with account balances2013-01-0143
2012: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0143
Total number of active participants reported on line 7a of the Form 55002012-01-0145
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-0146
Total participants2012-01-0146
Number of participants with account balances2012-01-0146

Financial Data on DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources2022-12-31$-130,340
Expenses. Total of all expenses incurred2022-12-31$93,638
Benefits paid (including direct rollovers)2022-12-31$81,346
Total plan assets at end of year2022-12-31$1,419,241
Total plan assets at beginning of year2022-12-31$1,643,219
Total contributions received or receivable from participants2022-12-31$55,704
Expenses. Other expenses not covered elsewhere2022-12-31$8,341
Other income received2022-12-31$-241,274
Net income (gross income less expenses)2022-12-31$-223,978
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,419,241
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,643,219
Assets. Value of participant loans2022-12-31$67,380
Total contributions received or receivable from employer(s)2022-12-31$55,230
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$3,951
2021 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources2021-12-31$295,987
Expenses. Total of all expenses incurred2021-12-31$199,878
Benefits paid (including direct rollovers)2021-12-31$188,062
Total plan assets at end of year2021-12-31$1,643,219
Total plan assets at beginning of year2021-12-31$1,547,110
Total contributions received or receivable from participants2021-12-31$52,365
Expenses. Other expenses not covered elsewhere2021-12-31$720
Other income received2021-12-31$190,618
Net income (gross income less expenses)2021-12-31$96,109
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,643,219
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,547,110
Assets. Value of participant loans2021-12-31$53,397
Total contributions received or receivable from employer(s)2021-12-31$53,004
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$11,096
2020 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$343,912
Expenses. Total of all expenses incurred2020-12-31$718,566
Benefits paid (including direct rollovers)2020-12-31$705,862
Total plan assets at end of year2020-12-31$1,547,110
Total plan assets at beginning of year2020-12-31$1,921,764
Total contributions received or receivable from participants2020-12-31$54,077
Expenses. Other expenses not covered elsewhere2020-12-31$927
Other income received2020-12-31$205,977
Net income (gross income less expenses)2020-12-31$-374,654
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,547,110
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,921,764
Total contributions received or receivable from employer(s)2020-12-31$83,858
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$11,777
2019 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$470,024
Expenses. Total of all expenses incurred2019-12-31$98,112
Benefits paid (including direct rollovers)2019-12-31$87,571
Total plan assets at end of year2019-12-31$1,921,764
Total plan assets at beginning of year2019-12-31$1,549,852
Total contributions received or receivable from participants2019-12-31$56,909
Expenses. Other expenses not covered elsewhere2019-12-31$10,541
Contributions received from other sources (not participants or employers)2019-12-31$6,503
Other income received2019-12-31$351,308
Net income (gross income less expenses)2019-12-31$371,912
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,921,764
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,549,852
Total contributions received or receivable from employer(s)2019-12-31$55,304
2018 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$1,906
Expenses. Total of all expenses incurred2018-12-31$188,400
Benefits paid (including direct rollovers)2018-12-31$177,582
Total plan assets at end of year2018-12-31$1,549,852
Total plan assets at beginning of year2018-12-31$1,736,346
Total contributions received or receivable from participants2018-12-31$54,803
Expenses. Other expenses not covered elsewhere2018-12-31$10,818
Other income received2018-12-31$-96,646
Net income (gross income less expenses)2018-12-31$-186,494
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,549,852
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,736,346
Assets. Value of participant loans2018-12-31$118,870
Total contributions received or receivable from employer(s)2018-12-31$43,749
2017 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$355,431
Expenses. Total of all expenses incurred2017-12-31$171,837
Benefits paid (including direct rollovers)2017-12-31$161,754
Total plan assets at end of year2017-12-31$1,736,346
Total plan assets at beginning of year2017-12-31$1,552,752
Total contributions received or receivable from participants2017-12-31$57,754
Expenses. Other expenses not covered elsewhere2017-12-31$10,083
Other income received2017-12-31$253,527
Net income (gross income less expenses)2017-12-31$183,594
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,736,346
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,552,752
Assets. Value of participant loans2017-12-31$147,666
Total contributions received or receivable from employer(s)2017-12-31$44,150
2016 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$191,123
Expenses. Total of all expenses incurred2016-12-31$102,675
Benefits paid (including direct rollovers)2016-12-31$93,081
Total plan assets at end of year2016-12-31$1,552,752
Total plan assets at beginning of year2016-12-31$1,464,304
Total contributions received or receivable from participants2016-12-31$39,404
Expenses. Other expenses not covered elsewhere2016-12-31$9,594
Other income received2016-12-31$99,218
Net income (gross income less expenses)2016-12-31$88,448
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,552,752
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,464,304
Assets. Value of participant loans2016-12-31$123,967
Total contributions received or receivable from employer(s)2016-12-31$52,501
2015 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$145,808
Expenses. Total of all expenses incurred2015-12-31$29,538
Benefits paid (including direct rollovers)2015-12-31$18,502
Total plan assets at end of year2015-12-31$1,464,304
Total plan assets at beginning of year2015-12-31$1,348,034
Value of fidelity bond covering the plan2015-12-31$140,000
Total contributions received or receivable from participants2015-12-31$44,144
Expenses. Other expenses not covered elsewhere2015-12-31$11,036
Contributions received from other sources (not participants or employers)2015-12-31$39,043
Other income received2015-12-31$3,882
Net income (gross income less expenses)2015-12-31$116,270
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,464,304
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,348,034
Assets. Value of participant loans2015-12-31$120,946
Total contributions received or receivable from employer(s)2015-12-31$58,739
2014 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$178,785
Expenses. Total of all expenses incurred2014-12-31$73,843
Benefits paid (including direct rollovers)2014-12-31$64,974
Total plan assets at end of year2014-12-31$1,348,034
Total plan assets at beginning of year2014-12-31$1,243,092
Value of fidelity bond covering the plan2014-12-31$140,000
Total contributions received or receivable from participants2014-12-31$55,828
Expenses. Other expenses not covered elsewhere2014-12-31$8,869
Contributions received from other sources (not participants or employers)2014-12-31$4,982
Other income received2014-12-31$75,633
Net income (gross income less expenses)2014-12-31$104,942
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,348,034
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,243,092
Assets. Value of participant loans2014-12-31$89,622
Total contributions received or receivable from employer(s)2014-12-31$42,342
2013 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$309,838
Expenses. Total of all expenses incurred2013-12-31$59,734
Benefits paid (including direct rollovers)2013-12-31$49,192
Total plan assets at end of year2013-12-31$1,243,092
Total plan assets at beginning of year2013-12-31$992,988
Value of fidelity bond covering the plan2013-12-31$140,000
Total contributions received or receivable from participants2013-12-31$51,489
Expenses. Other expenses not covered elsewhere2013-12-31$10,542
Other income received2013-12-31$218,450
Net income (gross income less expenses)2013-12-31$250,104
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,243,092
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$992,988
Assets. Value of participant loans2013-12-31$74,151
Total contributions received or receivable from employer(s)2013-12-31$39,899
2012 : DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$238,989
Expenses. Total of all expenses incurred2012-12-31$113,696
Benefits paid (including direct rollovers)2012-12-31$109,054
Total plan assets at end of year2012-12-31$992,988
Total plan assets at beginning of year2012-12-31$867,695
Value of fidelity bond covering the plan2012-12-31$70,000
Total contributions received or receivable from participants2012-12-31$59,331
Expenses. Other expenses not covered elsewhere2012-12-31$4,642
Other income received2012-12-31$110,338
Net income (gross income less expenses)2012-12-31$125,293
Net plan assets at end of year (total assets less liabilities)2012-12-31$992,988
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$867,695
Assets. Value of participant loans2012-12-31$81,548
Total contributions received or receivable from employer(s)2012-12-31$69,320

Form 5500 Responses for DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN

2022: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: DAVIS IRON AND METAL, INC. 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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