401k Plan data: BUD INDUSTRIES SALARIED RETIREMENT PLAN plan

BUD INDUSTRIES SALARIED RETIREMENT PLAN 401k Plan overview

Plan Name	BUD INDUSTRIES SALARIED RETIREMENT PLAN
Plan identification number	003

BUD INDUSTRIES SALARIED RETIREMENT 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.
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

BUD INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: BUD INDUSTRIES, INC.

Employer identification number (EIN): 340121420

NAIC Classification: 335900

Additional information about BUD INDUSTRIES, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division

Incorporation Date: 1928-11-30

Company Identification Number: 133965

Legal Registered Office Address: 4605 E. 355TH STREET
-
WILLOUGHBY
United States of America (USA)
44094

More information about BUD INDUSTRIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUD INDUSTRIES SALARIED RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2022-01-01
003 2021-01-01
003 2020-01-01
003 2019-01-01
003 2018-01-01 STEPHEN HAAS 2019-06-05 STEPHEN HAAS 2019-06-05
003 2017-01-01 STEPHEN HAAS 2018-06-24 STEPHEN HAAS 2018-06-24
003 2016-01-01 STEPHEN HAAS 2017-04-20 STEPHEN HAAS 2017-04-20
003 2015-01-01 STEPHEN HAAS 2016-07-14 STEPHEN HAAS 2016-07-14
003 2014-01-01 STEPHEN HAAS 2015-07-16 STEPHEN HAAS 2015-07-16
003 2013-01-01 STEPHEN HAAS 2014-05-21 STEPHEN HAAS 2014-05-21
003 2012-01-01 STEPHEN HAAS 2013-05-06 STEPHEN HAAS 2013-05-06
003 2011-01-01 STEPHEN HAAS 2012-06-22 STEPHEN HAAS 2012-06-22
003 2010-01-01 STEPHEN HAAS 2011-06-02 STEPHEN HAAS 2011-06-02
003 2009-01-01 STEPHEN HAAS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2022-01-01
003	2021-01-01
003	2020-01-01
003	2019-01-01
003	2018-01-01	STEPHEN HAAS	2019-06-05	STEPHEN HAAS	2019-06-05
003	2017-01-01	STEPHEN HAAS	2018-06-24	STEPHEN HAAS	2018-06-24
003	2016-01-01	STEPHEN HAAS	2017-04-20	STEPHEN HAAS	2017-04-20
003	2015-01-01	STEPHEN HAAS	2016-07-14	STEPHEN HAAS	2016-07-14
003	2014-01-01	STEPHEN HAAS	2015-07-16	STEPHEN HAAS	2015-07-16
003	2013-01-01	STEPHEN HAAS	2014-05-21	STEPHEN HAAS	2014-05-21
003	2012-01-01	STEPHEN HAAS	2013-05-06	STEPHEN HAAS	2013-05-06
003	2011-01-01	STEPHEN HAAS	2012-06-22	STEPHEN HAAS	2012-06-22
003	2010-01-01	STEPHEN HAAS	2011-06-02	STEPHEN HAAS	2011-06-02
003	2009-01-01	STEPHEN HAAS

Plan Statistics for BUD INDUSTRIES SALARIED RETIREMENT PLAN

401k plan membership statisitcs for BUD INDUSTRIES SALARIED RETIREMENT PLAN

Measure Date Value
2022: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 28
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 26
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 2
Total of all active and inactive participants 2022-01-01 28
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 28
Number of participants with account balances 2022-01-01 27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 26
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 25
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 3
Total of all active and inactive participants 2021-01-01 28
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 28
Number of participants with account balances 2021-01-01 27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1
2020: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 24
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 23
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 3
Total of all active and inactive participants 2020-01-01 26
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 26
Number of participants with account balances 2020-01-01 26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 28
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 22
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 2
Total of all active and inactive participants 2019-01-01 24
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 24
Number of participants with account balances 2019-01-01 24
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2009: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 36
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 28
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 6
Total of all active and inactive participants 2009-01-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 34
Number of participants with account balances 2009-01-01 34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2022: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	28
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	26
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	2
Total of all active and inactive participants	2022-01-01	28
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	28
Number of participants with account balances	2022-01-01	27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	26
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	25
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	3
Total of all active and inactive participants	2021-01-01	28
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	28
Number of participants with account balances	2021-01-01	27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1
2020: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	24
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	23
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	3
Total of all active and inactive participants	2020-01-01	26
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	26
Number of participants with account balances	2020-01-01	26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	28
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	22
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	2
Total of all active and inactive participants	2019-01-01	24
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	24
Number of participants with account balances	2019-01-01	24
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2009: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	36
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	28
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	6
Total of all active and inactive participants	2009-01-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	34
Number of participants with account balances	2009-01-01	34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on BUD INDUSTRIES SALARIED RETIREMENT PLAN

Measure	Date	Value
2022 : BUD INDUSTRIES SALARIED RETIREMENT PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-268,697
Expenses. Total of all expenses incurred	2022-12-31	$146,714
Benefits paid (including direct rollovers)	2022-12-31	$131,033
Total plan assets at end of year	2022-12-31	$2,717,831
Total plan assets at beginning of year	2022-12-31	$3,133,242
Value of fidelity bond covering the plan	2022-12-31	$500,000
Assets. Value of tangible personal property	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$171,580
Assets. Value of loans (other than to participants)	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-510,267
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-415,411
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$2,717,831
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,133,242
Assets. Value of participant loans	2022-12-31	$7,110
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$0
Assets. Value of real-estate (other than employer real property)	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$0
Assets. Value of employer real property	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$69,990
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$15,681
2021 : BUD INDUSTRIES SALARIED RETIREMENT PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$560,675
Expenses. Total of all expenses incurred	2021-12-31	$140,630
Benefits paid (including direct rollovers)	2021-12-31	$123,811
Total plan assets at end of year	2021-12-31	$3,133,242
Total plan assets at beginning of year	2021-12-31	$2,713,197
Value of fidelity bond covering the plan	2021-12-31	$500,000
Assets. Value of tangible personal property	2021-12-31	$0
Total contributions received or receivable from participants	2021-12-31	$180,091
Assets. Value of loans (other than to participants)	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$323,205
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$420,045
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,133,242
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$2,713,197
Assets. Value of participant loans	2021-12-31	$19,218
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Assets. Value of employer real property	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$57,379
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$1,372
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$15,447
2020 : BUD INDUSTRIES SALARIED RETIREMENT PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$586,062
Expenses. Total of all expenses incurred	2020-12-31	$37,054
Benefits paid (including direct rollovers)	2020-12-31	$22,500
Total plan assets at end of year	2020-12-31	$2,713,197
Total plan assets at beginning of year	2020-12-31	$2,164,189
Value of fidelity bond covering the plan	2020-12-31	$500,000
Total contributions received or receivable from participants	2020-12-31	$201,360
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$345,489
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$549,008
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$2,713,197
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,164,189
Assets. Value of participant loans	2020-12-31	$22,947
Total contributions received or receivable from employer(s)	2020-12-31	$39,213
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$2,891
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$11,663
2019 : BUD INDUSTRIES SALARIED RETIREMENT PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$682,304
Expenses. Total of all expenses incurred	2019-12-31	$1,463,186
Benefits paid (including direct rollovers)	2019-12-31	$1,453,067
Total plan assets at end of year	2019-12-31	$2,164,189
Total plan assets at beginning of year	2019-12-31	$2,945,071
Value of fidelity bond covering the plan	2019-12-31	$500,000
Total contributions received or receivable from participants	2019-12-31	$185,836
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$457,806
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$-780,882
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$2,164,189
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$2,945,071
Assets. Value of participant loans	2019-12-31	$40,651
Total contributions received or receivable from employer(s)	2019-12-31	$38,662
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$10,119
2009 : BUD INDUSTRIES SALARIED RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for BUD INDUSTRIES SALARIED RETIREMENT PLAN

2022: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	This submission is the final filing	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
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
2009: BUD INDUSTRIES SALARIED RETIREMENT PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )

Policy contract number

047108

Policy instance

Insurance contract or identification number	047108
Number of Individuals Covered	0
Insurance policy start date	2019-01-01
Insurance policy end date	2019-02-28
Total amount of fees paid to insurance company	USD $1,197
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	1197
Additional information about fees paid to insurance broker	SERVICES TO INSURER OR PLAN

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	BUD INDUSTRIES, INC.
Employer identification number (EIN):	340121420
NAIC Classification:	335900

Jurisdiction of Incorporation:	Ohio Secretary of State Business Services Division
Incorporation Date:	1928-11-30
Company Identification Number:	133965
Legal Registered Office Address:	4605 E. 355TH STREET - WILLOUGHBY United States of America (USA) 44094