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HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 401k Plan overview

Plan NameHENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN
Plan identification number 002

HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

HENSON'S BUILDING MATERIALS, LTD has sponsored the creation of one or more 401k plans.

Company Name:HENSON'S BUILDING MATERIALS, LTD
Employer identification number (EIN):751614882
NAIC Classification:444110
NAIC Description:Home Centers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01GLENN WILSON
0022017-01-01GLENN WILSON2018-09-06
0022016-01-01GLENN WILSON2017-07-31
0022015-01-01GLENN R WILSON2016-06-22
0022014-01-01GLENN R WILSON2015-07-09
0022013-01-01GLENN WILSON2014-06-12
0022012-01-01GLENN R WILSON2013-05-21
0022011-01-01GLENN R WILSON2012-06-25
0022010-09-01GLENN WILSON2011-07-29 GLENN WILSON2011-07-29
0022010-01-01GLENN WILSON2011-06-09

Plan Statistics for HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN

401k plan membership statisitcs for HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN

Measure Date Value
2022: HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0187
Total number of active participants reported on line 7a of the Form 55002022-01-0179
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0115
Total of all active and inactive participants2022-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-0195
Number of participants with account balances2022-01-0181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-017
2021: HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0186
Total number of active participants reported on line 7a of the Form 55002021-01-0174
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0112
Total of all active and inactive participants2021-01-0186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-0187
Number of participants with account balances2021-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-018
2020: HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0183
Total number of active participants reported on line 7a of the Form 55002020-01-0174
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0112
Total of all active and inactive participants2020-01-0186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0186
Number of participants with account balances2020-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-015
2019: HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0183
Total number of active participants reported on line 7a of the Form 55002019-01-0171
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0112
Total of all active and inactive participants2019-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0183
Number of participants with account balances2019-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-017
2018: HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0189
Total number of active participants reported on line 7a of the Form 55002018-01-0165
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0118
Total of all active and inactive participants2018-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0183
Number of participants with account balances2018-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN

Measure Date Value
2022 : HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-427,499
Expenses. Total of all expenses incurred2022-12-31$534,648
Benefits paid (including direct rollovers)2022-12-31$461,083
Total plan assets at end of year2022-12-31$6,657,518
Total plan assets at beginning of year2022-12-31$7,619,665
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$309,739
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-1,135,458
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-962,147
Net plan assets at end of year (total assets less liabilities)2022-12-31$6,657,518
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$7,619,665
Assets. Value of participant loans2022-12-31$133,752
Total contributions received or receivable from employer(s)2022-12-31$398,220
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$36,784
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$36,781
2021 : HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
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$1,409,527
Expenses. Total of all expenses incurred2021-12-31$292,001
Benefits paid (including direct rollovers)2021-12-31$210,738
Total plan assets at end of year2021-12-31$7,619,665
Total plan assets at beginning of year2021-12-31$6,502,139
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$295,598
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$729,699
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$1,117,526
Net plan assets at end of year (total assets less liabilities)2021-12-31$7,619,665
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$6,502,139
Assets. Value of participant loans2021-12-31$71,048
Total contributions received or receivable from employer(s)2021-12-31$384,230
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$45,294
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$35,969
2020 : HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION 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$1,380,770
Expenses. Total of all expenses incurred2020-12-31$617,168
Benefits paid (including direct rollovers)2020-12-31$560,692
Total plan assets at end of year2020-12-31$6,502,139
Total plan assets at beginning of year2020-12-31$5,738,537
Value of fidelity bond covering the plan2020-12-31$500,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$257,133
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$781,176
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$763,602
Net plan assets at end of year (total assets less liabilities)2020-12-31$6,502,139
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$5,738,537
Assets. Value of participant loans2020-12-31$100,540
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$342,461
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$20,892
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$35,584
2019 : HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION 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$1,528,216
Expenses. Total of all expenses incurred2019-12-31$388,187
Benefits paid (including direct rollovers)2019-12-31$365,210
Total plan assets at end of year2019-12-31$5,738,537
Total plan assets at beginning of year2019-12-31$4,598,508
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$260,218
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$930,342
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$1,140,029
Net plan assets at end of year (total assets less liabilities)2019-12-31$5,738,537
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$4,598,508
Assets. Value of participant loans2019-12-31$89,922
Total contributions received or receivable from employer(s)2019-12-31$337,656
Value of certain deemed distributions of participant loans2019-12-31$-48
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$23,025
2018 : HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
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$296,501
Expenses. Total of all expenses incurred2018-12-31$311,865
Benefits paid (including direct rollovers)2018-12-31$285,324
Total plan assets at end of year2018-12-31$4,598,508
Total plan assets at beginning of year2018-12-31$4,613,872
Value of fidelity bond covering the plan2018-12-31$500,000
Total contributions received or receivable from participants2018-12-31$240,577
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-248,063
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-15,364
Net plan assets at end of year (total assets less liabilities)2018-12-31$4,598,508
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$4,613,872
Assets. Value of participant loans2018-12-31$131,537
Total contributions received or receivable from employer(s)2018-12-31$303,987
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$14,967
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$11,574

Form 5500 Responses for HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN

2022: HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION 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: HENSON BUILDING MATERIALS, LTD. 401K SALARY REDUCTION 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 – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number801155-000
Policy instance 1
Insurance contract or identification number801155-000
Number of Individuals Covered0
Insurance policy start date2018-01-01
Insurance policy end date2018-08-31
Total amount of commissions paid to insurance brokerUSD $9,467
Total amount of fees paid to insurance companyUSD $0
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $9,467
Amount paid for insurance broker fees0
Insurance broker organization code?3

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