401k Plan data: RAYCO DRYWALL 401K PROFIT SHARING PLAN plan

RAYCO DRYWALL 401K PROFIT SHARING PLAN 401k Plan overview

Plan Name	RAYCO DRYWALL 401K PROFIT SHARING PLAN
Plan identification number	001

RAYCO DRYWALL 401K PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
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

RAYCO DRYWALL has sponsored the creation of one or more 401k plans.

Company Name: RAYCO DRYWALL

Employer identification number (EIN): 262109100

NAIC Classification: 238300

Additional information about RAYCO DRYWALL

Jurisdiction of Incorporation: Nevada Department of State

Incorporation Date: 2008-02-14

Company Identification Number: 20081034340

Legal Registered Office Address: 5255 LONGLEY LN STE 101

RENO
United States of America (USA)
89511

More information about RAYCO DRYWALL

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RAYCO DRYWALL 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01 RAY MYERS 2022-10-10 RAY MYERS 2022-10-10
001 2020-01-01 RAY MYERS 2021-10-07 RAY MYERS 2021-10-07
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01	RAY MYERS	2022-10-10	RAY MYERS	2022-10-10
001	2020-01-01	RAY MYERS	2021-10-07	RAY MYERS	2021-10-07
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01

Plan Statistics for RAYCO DRYWALL 401K PROFIT SHARING PLAN

401k plan membership statisitcs for RAYCO DRYWALL 401K PROFIT SHARING PLAN

Measure Date Value
2021: RAYCO DRYWALL 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 130
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 58
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 28
Total of all active and inactive participants 2021-01-01 86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 87
Number of participants with account balances 2021-01-01 65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 8
2020: RAYCO DRYWALL 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 135
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 102
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 17
Total of all active and inactive participants 2020-01-01 119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 120
Number of participants with account balances 2020-01-01 72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 10

Measure	Date	Value
2021: RAYCO DRYWALL 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	130
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	58
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	28
Total of all active and inactive participants	2021-01-01	86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	87
Number of participants with account balances	2021-01-01	65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	8
2020: RAYCO DRYWALL 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	135
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	102
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	17
Total of all active and inactive participants	2020-01-01	119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	120
Number of participants with account balances	2020-01-01	72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	10

Financial Data on RAYCO DRYWALL 401K PROFIT SHARING PLAN

Measure	Date	Value
2021 : RAYCO DRYWALL 401K PROFIT SHARING PLAN 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$8,538
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$7,334
Total income from all sources (including contributions)	2021-12-31	$371,145
Total of all expenses incurred	2021-12-31	$47,070
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$38,119
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$209,498
Value of total assets at end of year	2021-12-31	$1,607,469
Value of total assets at beginning of year	2021-12-31	$1,282,190
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$8,951
Total interest from all sources	2021-12-31	$708
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Administrative expenses professional fees incurred	2021-12-31	$8,634
Was this plan covered by a fidelity bond	2021-12-31	No
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$107,540
Assets. Loans (other than to participants) at end of year	2021-12-31	$13,078
Assets. Loans (other than to participants) at beginning of year	2021-12-31	$2,566
Liabilities. Value of operating payables at end of year	2021-12-31	$8,538
Liabilities. Value of operating payables at beginning of year	2021-12-31	$7,334
Total non interest bearing cash at end of year	2021-12-31	$15,012
Total non interest bearing cash at beginning of year	2021-12-31	$15,116
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$324,075
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$1,598,931
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$1,274,856
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$1,522,285
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$1,210,665
Interest on participant loans	2021-12-31	$708
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$160,939
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$101,958
Employer contributions (assets) at end of year	2021-12-31	$57,094
Employer contributions (assets) at beginning of year	2021-12-31	$53,843
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$38,119
Contract administrator fees	2021-12-31	$317
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	LEE CPA AUDIT GROUP
Accountancy firm EIN	2021-12-31	814637885
2020 : RAYCO DRYWALL 401K PROFIT SHARING PLAN 2020 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$7,334
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$5,288
Total income from all sources (including contributions)	2020-12-31	$379,926
Total of all expenses incurred	2020-12-31	$58,093
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$55,275
Value of total corrective distributions	2020-12-31	$12
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$208,823
Value of total assets at end of year	2020-12-31	$1,282,190
Value of total assets at beginning of year	2020-12-31	$958,311
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$2,806
Total interest from all sources	2020-12-31	$382
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Administrative expenses professional fees incurred	2020-12-31	$2,531
Was this plan covered by a fidelity bond	2020-12-31	No
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$108,796
Participant contributions at beginning of year	2020-12-31	$178
Assets. Loans (other than to participants) at end of year	2020-12-31	$2,566
Assets. Loans (other than to participants) at beginning of year	2020-12-31	$7,681
Liabilities. Value of operating payables at end of year	2020-12-31	$7,334
Liabilities. Value of operating payables at beginning of year	2020-12-31	$5,288
Total non interest bearing cash at end of year	2020-12-31	$15,116
Total non interest bearing cash at beginning of year	2020-12-31	$6,884
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$321,833
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$1,274,856
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$953,023
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$1,210,665
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$891,205
Interest on participant loans	2020-12-31	$382
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$170,721
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$100,027
Employer contributions (assets) at end of year	2020-12-31	$53,843
Employer contributions (assets) at beginning of year	2020-12-31	$52,363
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$55,275
Contract administrator fees	2020-12-31	$275
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	LEE CPA AUDIT GROUP
Accountancy firm EIN	2020-12-31	814637885

Form 5500 Responses for RAYCO DRYWALL 401K PROFIT SHARING PLAN

2021: RAYCO DRYWALL 401K PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: RAYCO DRYWALL 401K PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

123253

Policy instance

Insurance contract or identification number	123253
Number of Individuals Covered	64
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $10,209
Total amount of fees paid to insurance company	USD $8,140
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $10,209
Insurance broker organization code?	3
Amount paid for insurance broker fees	8140
Additional information about fees paid to insurance broker	TPA FEES

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

123253

Policy instance

Insurance contract or identification number	123253
Number of Individuals Covered	70
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $7,310
Total amount of fees paid to insurance company	USD $1,167
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $7,310
Insurance broker organization code?	3
Amount paid for insurance broker fees	1167
Additional information about fees paid to insurance broker	TPA FEES PAID

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Company Name:	RAYCO DRYWALL
Employer identification number (EIN):	262109100
NAIC Classification:	238300

Jurisdiction of Incorporation:	Nevada Department of State
Incorporation Date:	2008-02-14
Company Identification Number:	20081034340
Legal Registered Office Address:	5255 LONGLEY LN STE 101 RENO United States of America (USA) 89511