401k Plan data: WEST TENNESSEE READY MIX 401(K) PLAN plan

WEST TENNESSEE READY MIX 401(K) PLAN 401k Plan overview

Plan Name	WEST TENNESSEE READY MIX 401(K) PLAN
Plan identification number	001

WEST TENNESSEE READY MIX 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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

WEST TENNESSEE READY MIX has sponsored the creation of one or more 401k plans.

Company Name: WEST TENNESSEE READY MIX

Employer identification number (EIN): 272224099

NAIC Classification: 327300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEST TENNESSEE READY MIX 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2024-01-01 HERRON ODLE
001 2023-01-01
001 2023-01-01 HERRON ODLE
001 2022-01-01
001 2022-01-01 HERRON ODLE
001 2021-01-01
001 2021-01-01 HERRON ODLE
001 2020-01-01
001 2019-01-01

Plan Statistics for WEST TENNESSEE READY MIX 401(K) PLAN

401k plan membership statisitcs for WEST TENNESSEE READY MIX 401(K) PLAN

Measure Date Value
2023: WEST TENNESSEE READY MIX 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 52
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 48
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 0
Total of all active and inactive participants 2023-01-01 48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 48
Number of participants with account balances 2023-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: WEST TENNESSEE READY MIX 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 52
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 46
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 46
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 46
Number of participants with account balances 2022-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: WEST TENNESSEE READY MIX 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 52
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 47
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 0
Total of all active and inactive participants 2021-01-01 47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 47
Number of participants with account balances 2021-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: WEST TENNESSEE READY MIX 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 41
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 44
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 0
Total of all active and inactive participants 2020-01-01 44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 44
Number of participants with account balances 2020-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: WEST TENNESSEE READY MIX 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 36
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 39
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 39
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 39
Number of participants with account balances 2019-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2023: WEST TENNESSEE READY MIX 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	52
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	48
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	0
Total of all active and inactive participants	2023-01-01	48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	48
Number of participants with account balances	2023-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: WEST TENNESSEE READY MIX 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	52
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	46
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	46
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	46
Number of participants with account balances	2022-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: WEST TENNESSEE READY MIX 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	52
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	47
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	0
Total of all active and inactive participants	2021-01-01	47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	47
Number of participants with account balances	2021-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: WEST TENNESSEE READY MIX 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	41
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	44
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	0
Total of all active and inactive participants	2020-01-01	44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	44
Number of participants with account balances	2020-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: WEST TENNESSEE READY MIX 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	36
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	39
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	39
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	39
Number of participants with account balances	2019-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on WEST TENNESSEE READY MIX 401(K) PLAN

Measure	Date	Value
2024 : WEST TENNESSEE READY MIX 401(K) PLAN 2024 401k financial data
Total income from all sources	2024-01-01	$29,277
Expenses. Total of all expenses incurred	2024-01-01	$1,761
Total plan assets at end of year	2024-01-01	$111,954
Total plan assets at beginning of year	2024-01-01	$84,438
Value of fidelity bond covering the plan	2024-01-01	$1,000,000
Total contributions received or receivable from participants	2024-01-01	$19,500
Other income received	2024-01-01	$9,777
Net income (gross income less expenses)	2024-01-01	$27,516
Net plan assets at end of year (total assets less liabilities)	2024-01-01	$111,954
Net plan assets at beginning of year (total assets less liabilities)	2024-01-01	$84,438
Total contributions received or receivable from employer(s)	2024-01-01	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2024-01-01	$1,761
2023 : WEST TENNESSEE READY MIX 401(K) PLAN 2023 401k financial data
Total income from all sources	2023-12-31	$30,200
Expenses. Total of all expenses incurred	2023-12-31	$1,203
Total plan assets at end of year	2023-12-31	$84,435
Total plan assets at beginning of year	2023-12-31	$55,438
Total contributions received or receivable from participants	2023-12-31	$19,500
Expenses. Other expenses not covered elsewhere	2023-12-31	$1,203
Other income received	2023-12-31	$10,700
Net income (gross income less expenses)	2023-12-31	$28,997
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$84,435
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$55,438
2022 : WEST TENNESSEE READY MIX 401(K) PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$10,650
Expenses. Total of all expenses incurred	2022-12-31	$675
Total plan assets at end of year	2022-12-31	$55,438
Total plan assets at beginning of year	2022-12-31	$45,463
Total contributions received or receivable from participants	2022-12-31	$19,125
Expenses. Other expenses not covered elsewhere	2022-12-31	$675
Other income received	2022-12-31	$-8,475
Net income (gross income less expenses)	2022-12-31	$9,975
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$55,438
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$45,463
2021 : WEST TENNESSEE READY MIX 401(K) PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$23,677
Expenses. Total of all expenses incurred	2021-12-31	$959
Total plan assets at end of year	2021-12-31	$45,463
Total plan assets at beginning of year	2021-12-31	$22,745
Total contributions received or receivable from participants	2021-12-31	$19,500
Expenses. Other expenses not covered elsewhere	2021-12-31	$959
Other income received	2021-12-31	$4,177
Net income (gross income less expenses)	2021-12-31	$22,718
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$45,463
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$22,745
2020 : WEST TENNESSEE READY MIX 401(K) PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$15,652
Expenses. Total of all expenses incurred	2020-12-31	$266
Total plan assets at end of year	2020-12-31	$22,745
Total plan assets at beginning of year	2020-12-31	$7,359
Total contributions received or receivable from participants	2020-12-31	$12,514
Expenses. Other expenses not covered elsewhere	2020-12-31	$266
Other income received	2020-12-31	$3,138
Net income (gross income less expenses)	2020-12-31	$15,386
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$22,745
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$7,359
2019 : WEST TENNESSEE READY MIX 401(K) PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$7,359
Total plan assets at end of year	2019-12-31	$7,359
Total plan assets at beginning of year	2019-12-31	$0
Total contributions received or receivable from participants	2019-12-31	$6,987
Other income received	2019-12-31	$372
Net income (gross income less expenses)	2019-12-31	$7,359
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$7,359
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$0

Form 5500 Responses for WEST TENNESSEE READY MIX 401(K) PLAN

2023: WEST TENNESSEE READY MIX 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: WEST TENNESSEE READY MIX 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: WEST TENNESSEE READY MIX 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
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: WEST TENNESSEE READY MIX 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
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
2019: WEST TENNESSEE READY MIX 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	First time form 5500 has been submitted	Yes
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number	GA-844070
Policy instance	1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number	GA-844070
Policy instance	1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number	GA-844070
Policy instance	1

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Company Name:	WEST TENNESSEE READY MIX
Employer identification number (EIN):	272224099
NAIC Classification:	327300

Plan id#	Filing Submission Date	Name of Administrator
001	2024-01-01	HERRON ODLE
001	2023-01-01
001	2023-01-01	HERRON ODLE
001	2022-01-01
001	2022-01-01	HERRON ODLE
001	2021-01-01
001	2021-01-01	HERRON ODLE
001	2020-01-01
001	2019-01-01