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CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameCENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

CENTRAL TOOLS, 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.
  • 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

CENTRAL TOOLS, INC. has sponsored the creation of one or more 401k plans.

Company Name:CENTRAL TOOLS, INC.
Employer identification number (EIN):050402749
NAIC Classification:339900

Additional information about CENTRAL TOOLS, INC.

Jurisdiction of Incorporation: Secretary of State Rhode Island
Incorporation Date: 1983-08-01
Company Identification Number: 000003905
Legal Registered Office Address: 456 WELLINGTON AVENUE

CRANSTON
United States of America (USA)
02910

More information about CENTRAL TOOLS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01CLIFTON E TIDD, JR2020-06-25 CLIFTON E TIDD JR2020-06-25
0012018-01-01CLIFTON E TIDD JR2019-07-31 CLIFTON E TIDD JR2019-07-31
0012017-01-01C. E. TIDD JR TRUSTEE2018-07-20 C. E. TIDD JR VP-FINANCE2018-07-20
0012016-01-01C. E. TIDD, JR TRUSTEE2017-06-21 C. E. TIDD, JR VP-FINANCE2017-06-21
0012015-01-01C. E. TIDD JR. TRUSTEE2016-09-16 C. E. TIDD JR. VPF2016-09-16
0012014-01-01C E TIDD, JR2015-06-22 C E TIDD, JR2015-06-22
0012013-01-01CLIFTON E TIDD JR2014-07-08 CLIFTON E TIDD JR2014-07-08
0012012-01-01CLIFTON E TIDD JR2013-09-24 CLIFTON E TIDD JR2013-09-24
0012011-01-01C. E. TIDD, JR2012-07-27 C. E. TIDD, JR2012-07-27
0012010-01-01C. E. TIDD, JR C. E. TIDD, JR VPF2011-07-13
0012006-01-01CLIFF TIDD

Plan Statistics for CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2010: CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0125
Total number of active participants reported on line 7a of the Form 55002010-01-0123
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-013
Total of all active and inactive participants2010-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0126
Number of participants with account balances2010-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2006: CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN 2006 401k membership
Total participants, beginning-of-year2006-01-0142
Total number of active participants reported on line 7a of the Form 55002006-01-0130
Number of retired or separated participants receiving benefits2006-01-010
Number of other retired or separated participants entitled to future benefits2006-01-016
Total of all active and inactive participants2006-01-0136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2006-01-010
Total participants2006-01-0136
Number of participants with account balances2006-01-0136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2006-01-011

Financial Data on CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2010 : CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$304,776
Expenses. Total of all expenses incurred2010-12-31$105,048
Benefits paid (including direct rollovers)2010-12-31$92,556
Total plan assets at end of year2010-12-31$1,957,887
Total plan assets at beginning of year2010-12-31$1,758,159
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$52,269
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$231,183
Net income (gross income less expenses)2010-12-31$199,728
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,957,887
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,758,159
Assets. Value of participant loans2010-12-31$45,473
Total contributions received or receivable from employer(s)2010-12-31$21,324
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$12,492
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN

2010: CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planYes
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2006: CENTRAL TOOLS, INC. 401(K) PROFIT SHARING PLAN 2006 form 5500 responses
2006-01-01Type of plan entitySingle employer plan
2006-01-01Submission has been amendedNo
2006-01-01This submission is the final filingNo
2006-01-01This return/report is a short plan year return/report (less than 12 months)No
2006-01-01Plan is a collectively bargained planYes
2006-01-01Plan funding arrangement – InsuranceYes
2006-01-01Plan funding arrangement – TrustYes
2006-01-01Plan benefit arrangement – InsuranceYes
2006-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberFL 51367
Policy instance 1

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