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WOOD BROTHERS 401(K) PLAN 401k Plan overview

Plan NameWOOD BROTHERS 401(K) PLAN
Plan identification number 001

WOOD BROTHERS 401(K) 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.
  • 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.

401k Sponsoring company profile

WOOD BROTHERS TRUCKING, LLC has sponsored the creation of one or more 401k plans.

Company Name:WOOD BROTHERS TRUCKING, LLC
Employer identification number (EIN):270546844
NAIC Classification:237990
NAIC Description:Other Heavy and Civil Engineering Construction

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WOOD BROTHERS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LORI WOOD2024-01-24
0012022-01-01LORI WOOD2023-05-30
0012021-06-01
0012021-06-01LORI WOOD

Plan Statistics for WOOD BROTHERS 401(K) PLAN

401k plan membership statisitcs for WOOD BROTHERS 401(K) PLAN

Measure Date Value
2025: WOOD BROTHERS 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-03-1438
Total number of particpants at end of year2025-03-1436
Number of Participants With Account Balances2025-03-1422
2024: WOOD BROTHERS 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-01-2435
Total number of particpants at end of year2024-01-2438
Number of Participants With Account Balances2024-01-2420
2021: WOOD BROTHERS 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-06-0137
Total number of active participants reported on line 7a of the Form 55002021-06-0136
Number of retired or separated participants receiving benefits2021-06-010
Number of other retired or separated participants entitled to future benefits2021-06-012
Total of all active and inactive participants2021-06-0138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-06-010
Total participants2021-06-0138
Number of participants with account balances2021-06-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-06-010

Financial Data on WOOD BROTHERS 401(K) PLAN

Measure Date Value
2025 : WOOD BROTHERS 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-03-14553
Net assets as of the end of the plan year2025-03-14582399
Total assets as of the beginning of the plan year2025-03-14409621
Value of plan covered by a fidelity bond2025-03-1450000
Participant contributions to plan in this plan year2025-03-1472305
Other income to plan in this plan year2025-03-1455250
Plan net income in this plan year2025-03-14172778
Net assets as of the end of the plan year2025-03-14582399
Net assets as of the beginning of the plan year2025-03-14409621
Employer contributions to plan in this plan year2025-03-1445776
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-14553
2024 : WOOD BROTHERS 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-01-2421263
Net assets as of the end of the plan year2024-01-24409621
Total assets as of the beginning of the plan year2024-01-24267394
Value of plan covered by a fidelity bond2024-01-2425000
Participant contributions to plan in this plan year2024-01-2467415
Other income to plan in this plan year2024-01-2453424
Plan net income in this plan year2024-01-24142227
Net assets as of the end of the plan year2024-01-24409621
Net assets as of the beginning of the plan year2024-01-24267394
Employer contributions to plan in this plan year2024-01-2442651
Expensese paid to adminstrative service provicers from plan in this plan year2024-01-241847
2021 : WOOD BROTHERS 401(K) PLAN 2021 401k financial data
Total income from all sources2021-12-31$97,852
Expenses. Total of all expenses incurred2021-12-31$250
Total plan assets at end of year2021-12-31$97,602
Total plan assets at beginning of year2021-12-31$0
Value of fidelity bond covering the plan2021-12-31$2,500
Total contributions received or receivable from participants2021-12-31$50,204
Contributions received from other sources (not participants or employers)2021-12-31$13,140
Other income received2021-12-31$2,597
Net income (gross income less expenses)2021-12-31$97,602
Net plan assets at end of year (total assets less liabilities)2021-12-31$97,602
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$31,911
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$250

Form 5500 Responses for WOOD BROTHERS 401(K) PLAN

2021: WOOD BROTHERS 401(K) PLAN 2021 form 5500 responses
2021-06-01Type of plan entitySingle employer plan
2021-06-01First time form 5500 has been submittedYes
2021-06-01Submission has been amendedNo
2021-06-01This submission is the final filingNo
2021-06-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-06-01Plan is a collectively bargained planNo
2021-06-01Plan funding arrangement – TrustYes
2021-06-01Plan benefit arrangement - TrustYes

Potentially related plans

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