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WALLACE & SMITH CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameWALLACE & SMITH CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

WALLACE & SMITH CONTRACTORS, 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Plan covering Self-Employed individuals.
  • 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

WALLACE & SMITH CONTRACTORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:WALLACE & SMITH CONTRACTORS, INC.
Employer identification number (EIN):770071899
NAIC Classification:236200

Additional information about WALLACE & SMITH CONTRACTORS, INC.

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 1980-09-12
Company Identification Number: C1025149
Legal Registered Office Address: 3232 Chester Ln

Bakersfield
United States of America (USA)
93304

More information about WALLACE & SMITH CONTRACTORS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WALLACE & SMITH CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BART WALLACE2024-09-17
0012022-01-01BART WALLACE2023-10-04
0012021-01-01BART WALLACE2022-09-09
0012020-01-01BART WALLACE2021-08-12
0012019-01-01BART WALLACE2020-09-03
0012018-01-01BART WALLACE2019-09-04
0012017-01-01BART WALLACE2018-07-16
0012016-01-01BART WALLACE2017-10-13
0012015-01-01
0012014-01-01BART WALLACE2015-07-24
0012013-01-01BART WALLACE2014-10-10
0012012-01-01BART WALLACE2013-10-08
0012011-01-01BART WALLACE2012-07-30
0012010-01-01BART WALLACE2011-08-16 BART WALLACE2011-08-16

Financial Data on WALLACE & SMITH CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : WALLACE & SMITH CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-030
Total liabilities as of the end of the plan year2025-09-030
Total liabilities as of the beginning of the plan year2025-09-030
Total expenses incurred by plan in this plan year2025-09-03137649
Net assets as of the end of the plan year2025-09-037753018
Total assets as of the beginning of the plan year2025-09-036516155
Value of plan covered by a fidelity bond2025-09-03500000
Participant contributions to plan in this plan year2025-09-03280050
Value of participant loans at end of plan year2025-09-03131043
Other expenses paid from plan in this plan year2025-09-030
Other contributions to plan in this plan year2025-09-03100192
Other income to plan in this plan year2025-09-03826335
Plan net income in this plan year2025-09-031236863
Net assets as of the end of the plan year2025-09-037753018
Net assets as of the beginning of the plan year2025-09-036516155
Value of contributions failed to transmitted timely2025-09-031285
Employer contributions to plan in this plan year2025-09-03167935
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-0327221
2024 : WALLACE & SMITH CONTRACTORS, INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-170
Total liabilities as of the end of the plan year2024-09-170
Total liabilities as of the beginning of the plan year2024-09-170
Total expenses incurred by plan in this plan year2024-09-17153256
Net assets as of the end of the plan year2024-09-176516155
Total assets as of the beginning of the plan year2024-09-175361669
Value of plan covered by a fidelity bond2024-09-17500000
Participant contributions to plan in this plan year2024-09-17278623
Value of participant loans at end of plan year2024-09-17112318
Other expenses paid from plan in this plan year2024-09-170
Other contributions to plan in this plan year2024-09-1715000
Other income to plan in this plan year2024-09-17865903
Plan net income in this plan year2024-09-171154486
Net assets as of the end of the plan year2024-09-176516155
Net assets as of the beginning of the plan year2024-09-175361669
Employer contributions to plan in this plan year2024-09-17148216
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-1722315

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