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B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameB & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN
Plan identification number 001

B & B SOCKET PRODUCTS, INC. 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

401k Sponsoring company profile

B & B SOCKET PRODUCTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:B & B SOCKET PRODUCTS, INC.
Employer identification number (EIN):953214300
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-02-01
0012016-02-01
0012015-02-01
0012014-02-01
0012013-02-01
0012012-02-01KRISTA L. STRICKLIN KRISTA L. STRICKLIN2013-05-08
0012011-02-01KRISTA L. STRICKLIN KRISTA L. STRICKLIN2012-05-12
0012010-02-01KRISTA L. STRICKLIN KRISTA L. STRICKLIN2011-06-26
0012009-02-01KRISTA L. STRICKLIN KRISTA L. STRICKLIN2010-07-08

Plan Statistics for B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN

Measure Date Value
2017: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-02-018
Total number of active participants reported on line 7a of the Form 55002017-02-010
Number of retired or separated participants receiving benefits2017-02-010
Number of other retired or separated participants entitled to future benefits2017-02-010
Total of all active and inactive participants2017-02-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-02-010
Total participants2017-02-010
Number of participants with account balances2017-02-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-02-010
2016: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-02-019
Total number of active participants reported on line 7a of the Form 55002016-02-014
Number of other retired or separated participants entitled to future benefits2016-02-014
Total of all active and inactive participants2016-02-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-02-010
Total participants2016-02-018
Number of participants with account balances2016-02-017
2015: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-02-0111
Total number of active participants reported on line 7a of the Form 55002015-02-019
Number of retired or separated participants receiving benefits2015-02-011
Number of other retired or separated participants entitled to future benefits2015-02-010
Total of all active and inactive participants2015-02-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-02-010
Total participants2015-02-0110
Number of participants with account balances2015-02-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-02-010
2014: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-02-0111
Total number of active participants reported on line 7a of the Form 55002014-02-0110
Number of retired or separated participants receiving benefits2014-02-011
Number of other retired or separated participants entitled to future benefits2014-02-010
Total of all active and inactive participants2014-02-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-02-010
Total participants2014-02-0111
Number of participants with account balances2014-02-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-02-010
2013: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-02-0111
Total number of active participants reported on line 7a of the Form 55002013-02-019
Number of other retired or separated participants entitled to future benefits2013-02-012
Total of all active and inactive participants2013-02-0111
Total participants2013-02-0111
Number of participants with account balances2013-02-019
2012: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-02-0112
Total number of active participants reported on line 7a of the Form 55002012-02-0111
Total of all active and inactive participants2012-02-0111
Total participants2012-02-0111
Number of participants with account balances2012-02-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-02-010
2011: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-02-0112
Total number of active participants reported on line 7a of the Form 55002011-02-0111
Number of other retired or separated participants entitled to future benefits2011-02-011
Total of all active and inactive participants2011-02-0112
Total participants2011-02-0112
Number of participants with account balances2011-02-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-02-010
2010: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-02-0112
Total number of active participants reported on line 7a of the Form 55002010-02-0112
Total of all active and inactive participants2010-02-0112
Total participants2010-02-0112
Number of participants with account balances2010-02-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-02-010
2009: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-02-0111
Total number of active participants reported on line 7a of the Form 55002009-02-0112
Number of retired or separated participants receiving benefits2009-02-010
Number of other retired or separated participants entitled to future benefits2009-02-010
Total of all active and inactive participants2009-02-0112
Total participants2009-02-0112
Number of participants with account balances2009-02-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-02-010

Financial Data on B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN

Measure Date Value
2018 : B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-01-31$46,925
Expenses. Total of all expenses incurred2018-01-31$362,753
Benefits paid (including direct rollovers)2018-01-31$362,753
Total plan assets at end of year2018-01-31$0
Total plan assets at beginning of year2018-01-31$315,828
Value of fidelity bond covering the plan2018-01-31$60,000
Other income received2018-01-31$46,925
Net income (gross income less expenses)2018-01-31$-315,828
Net plan assets at end of year (total assets less liabilities)2018-01-31$0
Net plan assets at beginning of year (total assets less liabilities)2018-01-31$315,828
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-01-31$0
2017 : B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-01-31$36,101
Expenses. Total of all expenses incurred2017-01-31$4,796
Benefits paid (including direct rollovers)2017-01-31$4,796
Total plan assets at end of year2017-01-31$315,828
Total plan assets at beginning of year2017-01-31$284,523
Value of fidelity bond covering the plan2017-01-31$60,000
Other income received2017-01-31$36,101
Net income (gross income less expenses)2017-01-31$31,305
Net plan assets at end of year (total assets less liabilities)2017-01-31$315,828
Net plan assets at beginning of year (total assets less liabilities)2017-01-31$284,523
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-01-31$0
2016 : B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-01-31$-18,736
Expenses. Total of all expenses incurred2016-01-31$8,894
Benefits paid (including direct rollovers)2016-01-31$8,894
Total plan assets at end of year2016-01-31$284,523
Total plan assets at beginning of year2016-01-31$312,153
Value of fidelity bond covering the plan2016-01-31$60,000
Other income received2016-01-31$-18,736
Net income (gross income less expenses)2016-01-31$-27,630
Net plan assets at end of year (total assets less liabilities)2016-01-31$284,523
Net plan assets at beginning of year (total assets less liabilities)2016-01-31$312,153
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-01-31$0
2015 : B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-01-31$15,871
Expenses. Total of all expenses incurred2015-01-31$514
Benefits paid (including direct rollovers)2015-01-31$514
Total plan assets at end of year2015-01-31$312,153
Total plan assets at beginning of year2015-01-31$296,796
Value of fidelity bond covering the plan2015-01-31$60,000
Other income received2015-01-31$15,871
Net income (gross income less expenses)2015-01-31$15,357
Net plan assets at end of year (total assets less liabilities)2015-01-31$312,153
Net plan assets at beginning of year (total assets less liabilities)2015-01-31$296,796
2014 : B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-01-31$0
Total income from all sources2014-01-31$50,746
Expenses. Total of all expenses incurred2014-01-31$5,764
Benefits paid (including direct rollovers)2014-01-31$179
Total plan assets at end of year2014-01-31$296,796
Total plan assets at beginning of year2014-01-31$251,814
Value of fidelity bond covering the plan2014-01-31$60,000
Expenses. Other expenses not covered elsewhere2014-01-31$5,585
Other income received2014-01-31$50,746
Net income (gross income less expenses)2014-01-31$44,982
Net plan assets at end of year (total assets less liabilities)2014-01-31$296,796
Net plan assets at beginning of year (total assets less liabilities)2014-01-31$251,814
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-01-31$0
2013 : B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan2013-01-31$0
Total income from all sources2013-01-31$31,172
Expenses. Total of all expenses incurred2013-01-31$12,757
Benefits paid (including direct rollovers)2013-01-31$7,861
Total plan assets at end of year2013-01-31$251,814
Total plan assets at beginning of year2013-01-31$233,399
Value of fidelity bond covering the plan2013-01-31$60,000
Expenses. Other expenses not covered elsewhere2013-01-31$4,896
Other income received2013-01-31$31,172
Net income (gross income less expenses)2013-01-31$18,415
Net plan assets at end of year (total assets less liabilities)2013-01-31$251,814
Net plan assets at beginning of year (total assets less liabilities)2013-01-31$233,399
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-01-31$0
2012 : B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-01-31$0
Total income from all sources2012-01-31$7,886
Expenses. Total of all expenses incurred2012-01-31$4,276
Benefits paid (including direct rollovers)2012-01-31$397
Total plan assets at end of year2012-01-31$233,399
Total plan assets at beginning of year2012-01-31$229,789
Value of fidelity bond covering the plan2012-01-31$60,000
Expenses. Other expenses not covered elsewhere2012-01-31$3,879
Other income received2012-01-31$7,886
Net income (gross income less expenses)2012-01-31$3,610
Net plan assets at end of year (total assets less liabilities)2012-01-31$233,399
Net plan assets at beginning of year (total assets less liabilities)2012-01-31$229,789
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-01-31$0
2011 : B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-01-31$0
Total income from all sources2011-01-31$31,292
Expenses. Total of all expenses incurred2011-01-31$3,316
Benefits paid (including direct rollovers)2011-01-31$500
Total plan assets at end of year2011-01-31$229,789
Total plan assets at beginning of year2011-01-31$201,813
Value of fidelity bond covering the plan2011-01-31$60,000
Expenses. Other expenses not covered elsewhere2011-01-31$2,816
Other income received2011-01-31$31,292
Net income (gross income less expenses)2011-01-31$27,976
Net plan assets at end of year (total assets less liabilities)2011-01-31$229,789
Net plan assets at beginning of year (total assets less liabilities)2011-01-31$201,813
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-01-31$0

Form 5500 Responses for B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN

2017: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2017 form 5500 responses
2017-02-01Type of plan entitySingle employer plan
2017-02-01Submission has been amendedNo
2017-02-01This submission is the final filingYes
2017-02-01This return/report is a short plan year return/report (less than 12 months)No
2017-02-01Plan is a collectively bargained planNo
2017-02-01Plan funding arrangement – TrustYes
2017-02-01Plan benefit arrangement - TrustYes
2016: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-02-01Type of plan entitySingle employer plan
2016-02-01Submission has been amendedNo
2016-02-01This submission is the final filingNo
2016-02-01This return/report is a short plan year return/report (less than 12 months)No
2016-02-01Plan is a collectively bargained planNo
2016-02-01Plan funding arrangement – TrustYes
2016-02-01Plan benefit arrangement - TrustYes
2015: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-02-01Type of plan entitySingle employer plan
2015-02-01Submission has been amendedNo
2015-02-01This submission is the final filingNo
2015-02-01This return/report is a short plan year return/report (less than 12 months)No
2015-02-01Plan is a collectively bargained planNo
2015-02-01Plan funding arrangement – TrustYes
2015-02-01Plan benefit arrangement - TrustYes
2014: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-02-01Type of plan entitySingle employer plan
2014-02-01Submission has been amendedNo
2014-02-01This submission is the final filingNo
2014-02-01This return/report is a short plan year return/report (less than 12 months)No
2014-02-01Plan is a collectively bargained planNo
2014-02-01Plan funding arrangement – TrustYes
2014-02-01Plan benefit arrangement - TrustYes
2013: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-02-01Type of plan entitySingle employer plan
2013-02-01Submission has been amendedNo
2013-02-01This submission is the final filingNo
2013-02-01This return/report is a short plan year return/report (less than 12 months)No
2013-02-01Plan is a collectively bargained planNo
2013-02-01Plan funding arrangement – TrustYes
2013-02-01Plan benefit arrangement - TrustYes
2012: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-02-01Type of plan entitySingle employer plan
2012-02-01Submission has been amendedNo
2012-02-01This submission is the final filingNo
2012-02-01This return/report is a short plan year return/report (less than 12 months)No
2012-02-01Plan is a collectively bargained planNo
2012-02-01Plan funding arrangement – TrustYes
2012-02-01Plan benefit arrangement - TrustYes
2011: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-02-01Type of plan entitySingle employer plan
2011-02-01Submission has been amendedNo
2011-02-01This submission is the final filingNo
2011-02-01This return/report is a short plan year return/report (less than 12 months)No
2011-02-01Plan is a collectively bargained planNo
2011-02-01Plan funding arrangement – TrustYes
2011-02-01Plan benefit arrangement - TrustYes
2010: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2010 form 5500 responses
2010-02-01Type of plan entitySingle employer plan
2010-02-01Submission has been amendedNo
2010-02-01This submission is the final filingNo
2010-02-01This return/report is a short plan year return/report (less than 12 months)No
2010-02-01Plan is a collectively bargained planNo
2010-02-01Plan funding arrangement – TrustYes
2010-02-01Plan benefit arrangement - TrustYes
2009: B & B SOCKET PRODUCTS, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-02-01Type of plan entitySingle employer plan
2009-02-01Submission has been amendedNo
2009-02-01This submission is the final filingNo
2009-02-01This return/report is a short plan year return/report (less than 12 months)No
2009-02-01Plan is a collectively bargained planNo
2009-02-01Plan funding arrangement – TrustYes
2009-02-01Plan benefit arrangement - TrustYes

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