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B & J JENSEN VENTURES, INC. 401(K) PLAN 401k Plan overview

Plan NameB & J JENSEN VENTURES, INC. 401(K) PLAN
Plan identification number 001

B & J JENSEN VENTURES, INC. 401(K) 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.
  • 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.
  • 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 & J JENSEN VENTURES, INC. has sponsored the creation of one or more 401k plans.

Company Name:B & J JENSEN VENTURES, INC.
Employer identification number (EIN):842472103
NAIC Classification:551112
NAIC Description:Offices of Other Holding Companies

Additional information about B & J JENSEN VENTURES, INC.

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 2019-07-19
Company Identification Number: 604479195
Legal Registered Office Address: 2421 79TH AVE SE

TUMWATER
United States of America (USA)
985016812

More information about B & J JENSEN VENTURES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & J JENSEN VENTURES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-07-01
0012019-07-20

Plan Statistics for B & J JENSEN VENTURES, INC. 401(K) PLAN

401k plan membership statisitcs for B & J JENSEN VENTURES, INC. 401(K) PLAN

Measure Date Value
2020: B & J JENSEN VENTURES, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-07-011
Total number of active participants reported on line 7a of the Form 55002020-07-010
Number of retired or separated participants receiving benefits2020-07-010
Number of other retired or separated participants entitled to future benefits2020-07-010
Total of all active and inactive participants2020-07-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-07-010
Total participants2020-07-010
Number of participants with account balances2020-07-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-07-010
2019: B & J JENSEN VENTURES, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-07-200
Total number of active participants reported on line 7a of the Form 55002019-07-201
Number of retired or separated participants receiving benefits2019-07-200
Number of other retired or separated participants entitled to future benefits2019-07-200
Total of all active and inactive participants2019-07-201
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-07-200
Total participants2019-07-201
Number of participants with account balances2019-07-201
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-07-200

Financial Data on B & J JENSEN VENTURES, INC. 401(K) PLAN

Measure Date Value
2021 : B & J JENSEN VENTURES, INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-06-07$0
Total plan liabilities at end of year2021-06-07$0
Total plan liabilities at beginning of year2021-06-07$0
Total income from all sources2021-06-07$3,758
Expenses. Total of all expenses incurred2021-06-07$234,143
Benefits paid (including direct rollovers)2021-06-07$234,103
Total plan assets at end of year2021-06-07$0
Total plan assets at beginning of year2021-06-07$230,385
Value of fidelity bond covering the plan2021-06-07$20,000
Total contributions received or receivable from participants2021-06-07$0
Expenses. Other expenses not covered elsewhere2021-06-07$40
Contributions received from other sources (not participants or employers)2021-06-07$0
Other income received2021-06-07$3,758
Noncash contributions received2021-06-07$0
Net income (gross income less expenses)2021-06-07$-230,385
Net plan assets at end of year (total assets less liabilities)2021-06-07$0
Net plan assets at beginning of year (total assets less liabilities)2021-06-07$230,385
Assets. Value of employer securities2021-06-07$0
Total contributions received or receivable from employer(s)2021-06-07$0
Value of certain deemed distributions of participant loans2021-06-07$0
Value of corrective distributions2021-06-07$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-06-07$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-06-07$0
2020 : B & J JENSEN VENTURES, INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-06-30$0
Total plan liabilities at end of year2020-06-30$0
Total plan liabilities at beginning of year2020-06-30$0
Total income from all sources2020-06-30$230,385
Expenses. Total of all expenses incurred2020-06-30$0
Benefits paid (including direct rollovers)2020-06-30$0
Total plan assets at end of year2020-06-30$230,385
Total plan assets at beginning of year2020-06-30$0
Total contributions received or receivable from participants2020-06-30$0
Expenses. Other expenses not covered elsewhere2020-06-30$0
Contributions received from other sources (not participants or employers)2020-06-30$257,648
Other income received2020-06-30$-27,263
Noncash contributions received2020-06-30$0
Net income (gross income less expenses)2020-06-30$230,385
Net plan assets at end of year (total assets less liabilities)2020-06-30$230,385
Net plan assets at beginning of year (total assets less liabilities)2020-06-30$0
Assets. Value of employer securities2020-06-30$230,385
Total contributions received or receivable from employer(s)2020-06-30$0
Value of certain deemed distributions of participant loans2020-06-30$0
Value of corrective distributions2020-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-06-30$0

Form 5500 Responses for B & J JENSEN VENTURES, INC. 401(K) PLAN

2020: B & J JENSEN VENTURES, INC. 401(K) PLAN 2020 form 5500 responses
2020-07-01Type of plan entitySingle employer plan
2020-07-01Submission has been amendedNo
2020-07-01This submission is the final filingYes
2020-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2020-07-01Plan is a collectively bargained planNo
2020-07-01Plan funding arrangement – TrustYes
2020-07-01Plan benefit arrangement - TrustYes
2019: B & J JENSEN VENTURES, INC. 401(K) PLAN 2019 form 5500 responses
2019-07-20Type of plan entitySingle employer plan
2019-07-20First time form 5500 has been submittedYes
2019-07-20Submission has been amendedNo
2019-07-20This submission is the final filingNo
2019-07-20This return/report is a short plan year return/report (less than 12 months)Yes
2019-07-20Plan is a collectively bargained planNo
2019-07-20Plan funding arrangement – TrustYes
2019-07-20Plan benefit arrangement - TrustYes

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