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BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 401k Plan overview

Plan NameBUIST SHEET METAL COMPANY PROFIT SHARING PLAN
Plan identification number 002

BUIST SHEET METAL COMPANY PROFIT SHARING 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
  • 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

BUIST SHEET METAL COMPANY, INC has sponsored the creation of one or more 401k plans.

Company Name:BUIST SHEET METAL COMPANY, INC
Employer identification number (EIN):381997072
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUIST SHEET METAL COMPANY PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022021-01-01JAMES BUIST
0022020-01-01
0022019-01-01
0022018-01-01JAMES BUIST JAMES BUIST2019-07-02
0022017-01-01JAMES BUIST JAMES BUIST2018-07-30
0022016-01-01JAMES BUIST JAMES BUIST2017-07-24
0022015-01-01JAMES BUIST
0022014-01-01JAMES BUIST
0022013-01-01JAMES BUIST
0022012-01-01JAMES BUIST
0022011-01-01JAMES BUIST
0022010-01-01JAMES BUIST
0022009-01-01JAMES BUIST

Financial Data on BUIST SHEET METAL COMPANY PROFIT SHARING PLAN

Measure Date Value
2025 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-141047254
Net assets as of the end of the plan year2025-07-1412027582
Total assets as of the beginning of the plan year2025-07-1411352071
Value of plan covered by a fidelity bond2025-07-14500000
Participant contributions to plan in this plan year2025-07-1457604
Other income to plan in this plan year2025-07-141596682
Plan net income in this plan year2025-07-14675511
Net assets as of the end of the plan year2025-07-1412027582
Net assets as of the beginning of the plan year2025-07-1411352071
Employer contributions to plan in this plan year2025-07-1468479
2024 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-241156682
Net assets as of the end of the plan year2024-06-2411352071
Total assets as of the beginning of the plan year2024-06-2410659989
Value of plan covered by a fidelity bond2024-06-24500000
Participant contributions to plan in this plan year2024-06-2482840
Other income to plan in this plan year2024-06-241610190
Plan net income in this plan year2024-06-24692082
Net assets as of the end of the plan year2024-06-2411352071
Net assets as of the beginning of the plan year2024-06-2410659989
Employer contributions to plan in this plan year2024-06-24155734
2023 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2023 401k financial data
Total liabilities as of the beginning of the plan year2023-06-150
Total expenses incurred by plan in this plan year2023-06-15585000
Net assets as of the end of the plan year2023-06-1510659989
Total assets as of the beginning of the plan year2023-06-1512451039
Value of plan covered by a fidelity bond2023-06-15500000
Participant contributions to plan in this plan year2023-06-1577141
Other income to plan in this plan year2023-06-15-1463492
Plan net income in this plan year2023-06-15-1791050
Net assets as of the end of the plan year2023-06-1510659989
Net assets as of the beginning of the plan year2023-06-1512451039
Employer contributions to plan in this plan year2023-06-15180301
2021 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,879,032
Expenses. Total of all expenses incurred2021-12-31$585,000
Benefits paid (including direct rollovers)2021-12-31$585,000
Total plan assets at end of year2021-12-31$12,451,039
Total plan assets at beginning of year2021-12-31$11,157,007
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$67,518
Other income received2021-12-31$1,676,206
Net income (gross income less expenses)2021-12-31$1,294,032
Net plan assets at end of year (total assets less liabilities)2021-12-31$12,451,039
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$11,157,007
Total contributions received or receivable from employer(s)2021-12-31$135,308
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$1,250,243
Expenses. Total of all expenses incurred2020-12-31$410,000
Benefits paid (including direct rollovers)2020-12-31$410,000
Total plan assets at end of year2020-12-31$11,157,007
Total plan assets at beginning of year2020-12-31$10,316,764
Value of fidelity bond covering the plan2020-12-31$500,000
Total contributions received or receivable from participants2020-12-31$70,406
Other income received2020-12-31$1,044,056
Net income (gross income less expenses)2020-12-31$840,243
Net plan assets at end of year (total assets less liabilities)2020-12-31$11,157,007
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$10,316,764
Total contributions received or receivable from employer(s)2020-12-31$135,781
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,878,894
Expenses. Total of all expenses incurred2019-12-31$300,000
Benefits paid (including direct rollovers)2019-12-31$300,000
Total plan assets at end of year2019-12-31$10,316,764
Total plan assets at beginning of year2019-12-31$8,737,870
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$64,858
Other income received2019-12-31$1,681,331
Net income (gross income less expenses)2019-12-31$1,578,894
Net plan assets at end of year (total assets less liabilities)2019-12-31$10,316,764
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$8,737,870
Total contributions received or receivable from employer(s)2019-12-31$132,705
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-365,260
Expenses. Total of all expenses incurred2018-12-31$550,077
Benefits paid (including direct rollovers)2018-12-31$550,077
Total plan assets at end of year2018-12-31$8,737,870
Total plan assets at beginning of year2018-12-31$9,653,207
Value of fidelity bond covering the plan2018-12-31$500,000
Total contributions received or receivable from participants2018-12-31$71,976
Contributions received from other sources (not participants or employers)2018-12-31$26,007
Other income received2018-12-31$-597,713
Net income (gross income less expenses)2018-12-31$-915,337
Net plan assets at end of year (total assets less liabilities)2018-12-31$8,737,870
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$9,653,207
Total contributions received or receivable from employer(s)2018-12-31$134,470
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$1,535,145
Expenses. Total of all expenses incurred2017-12-31$306,454
Benefits paid (including direct rollovers)2017-12-31$306,454
Total plan assets at end of year2017-12-31$9,653,207
Total plan assets at beginning of year2017-12-31$8,424,516
Value of fidelity bond covering the plan2017-12-31$500,000
Total contributions received or receivable from participants2017-12-31$48,415
Other income received2017-12-31$1,403,663
Net income (gross income less expenses)2017-12-31$1,228,691
Net plan assets at end of year (total assets less liabilities)2017-12-31$9,653,207
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$8,424,516
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$83,067
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$1,526,475
Expenses. Total of all expenses incurred2016-12-31$226,046
Benefits paid (including direct rollovers)2016-12-31$226,046
Total plan assets at end of year2016-12-31$8,424,516
Total plan assets at beginning of year2016-12-31$7,124,087
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$38,500
Other income received2016-12-31$1,433,867
Net income (gross income less expenses)2016-12-31$1,300,429
Net plan assets at end of year (total assets less liabilities)2016-12-31$8,424,516
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$7,124,087
Assets. Value of assets in partnership/joint-venture interests2016-12-31$101,248
Total contributions received or receivable from employer(s)2016-12-31$54,108
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$253,656
Expenses. Total of all expenses incurred2015-12-31$228,000
Benefits paid (including direct rollovers)2015-12-31$228,000
Total plan assets at end of year2015-12-31$7,124,087
Total plan assets at beginning of year2015-12-31$7,098,431
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$38,625
Other income received2015-12-31$205,147
Net income (gross income less expenses)2015-12-31$25,656
Net plan assets at end of year (total assets less liabilities)2015-12-31$7,124,087
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$7,098,431
Assets. Value of assets in partnership/joint-venture interests2015-12-31$104,927
Total contributions received or receivable from employer(s)2015-12-31$9,884
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$456,196
Expenses. Total of all expenses incurred2014-12-31$238,000
Benefits paid (including direct rollovers)2014-12-31$238,000
Total plan assets at end of year2014-12-31$7,098,431
Total plan assets at beginning of year2014-12-31$6,880,235
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$6,500
Other income received2014-12-31$440,116
Net income (gross income less expenses)2014-12-31$218,196
Net plan assets at end of year (total assets less liabilities)2014-12-31$7,098,431
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$6,880,235
Assets. Value of assets in partnership/joint-venture interests2014-12-31$107,938
Total contributions received or receivable from employer(s)2014-12-31$9,580
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$915,770
Expenses. Total of all expenses incurred2013-12-31$147,000
Benefits paid (including direct rollovers)2013-12-31$147,000
Total plan assets at end of year2013-12-31$6,880,235
Total plan assets at beginning of year2013-12-31$6,111,465
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$46,550
Other income received2013-12-31$841,561
Net income (gross income less expenses)2013-12-31$768,770
Net plan assets at end of year (total assets less liabilities)2013-12-31$6,880,235
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$6,111,465
Assets. Value of assets in partnership/joint-venture interests2013-12-31$110,523
Total contributions received or receivable from employer(s)2013-12-31$27,659
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$644,998
Expenses. Total of all expenses incurred2012-12-31$134,000
Benefits paid (including direct rollovers)2012-12-31$134,000
Total plan assets at end of year2012-12-31$6,111,465
Total plan assets at beginning of year2012-12-31$5,600,467
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$6,500
Other income received2012-12-31$638,498
Net income (gross income less expenses)2012-12-31$510,998
Net plan assets at end of year (total assets less liabilities)2012-12-31$6,111,465
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$5,600,467
Assets. Value of assets in partnership/joint-venture interests2012-12-31$111,839
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$256,007
Expenses. Total of all expenses incurred2011-12-31$365,656
Benefits paid (including direct rollovers)2011-12-31$365,656
Total plan assets at end of year2011-12-31$5,600,467
Total plan assets at beginning of year2011-12-31$5,710,116
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$31,010
Other income received2011-12-31$214,441
Net income (gross income less expenses)2011-12-31$-109,649
Net plan assets at end of year (total assets less liabilities)2011-12-31$5,600,467
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$5,710,116
Assets. Value of assets in partnership/joint-venture interests2011-12-31$112,864
Total contributions received or receivable from employer(s)2011-12-31$10,556
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$38,669
Expenses. Total of all expenses incurred2010-12-31$122,000
Benefits paid (including direct rollovers)2010-12-31$122,000
Total plan assets at end of year2010-12-31$5,710,116
Total plan assets at beginning of year2010-12-31$5,793,447
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$13,000
Other income received2010-12-31$-47,586
Net income (gross income less expenses)2010-12-31$-83,331
Net plan assets at end of year (total assets less liabilities)2010-12-31$5,710,116
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$5,793,447
Assets. Value of assets in partnership/joint-venture interests2010-12-31$113,836
Total contributions received or receivable from employer(s)2010-12-31$73,255
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for BUIST SHEET METAL COMPANY PROFIT SHARING PLAN

2021: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: BUIST SHEET METAL COMPANY 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 planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BUIST SHEET METAL COMPANY PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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