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GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN 401k Plan overview

Plan NameGRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN
Plan identification number 003

GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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

GRACO FISHING & RENTAL TOOLS, INC. has sponsored the creation of one or more 401k plans.

Company Name:GRACO FISHING & RENTAL TOOLS, INC.
Employer identification number (EIN):751624756
NAIC Classification:333510

Additional information about GRACO FISHING & RENTAL TOOLS, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1978-08-07
Company Identification Number: 0044367500
Legal Registered Office Address: 5300 TOWN AND COUNTRY BLVD STE 220

FRISCO
United States of America (USA)
75034

More information about GRACO FISHING & RENTAL TOOLS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032018-01-01JONATHAN E. RAMBO
0032017-01-01JONATHAN E. RAMBO
0032014-01-01JONATHAN E. RAMBO

Plan Statistics for GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN

401k plan membership statisitcs for GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2018: GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01156
Total number of active participants reported on line 7a of the Form 55002018-01-01140
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 participants2018-01-01158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-012
Total participants2018-01-01160
Number of participants with account balances2018-01-01160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01140
Total number of active participants reported on line 7a of the Form 55002017-01-01122
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0134
Total of all active and inactive participants2017-01-01156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01156
Number of participants with account balances2017-01-01150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0121
2014: GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01369
Total number of active participants reported on line 7a of the Form 55002014-01-01237
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0111
Total of all active and inactive participants2014-01-01248
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-01249
Number of participants with account balances2014-01-01219
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0124

Financial Data on GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2018 : GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$7,739
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$16,917
Total income from all sources (including contributions)2018-12-31$433,391
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$1,923,061
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,902,631
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$798,157
Value of total assets at end of year2018-12-31$5,961,757
Value of total assets at beginning of year2018-12-31$7,460,605
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$20,430
Total interest from all sources2018-12-31$7,716
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$619,488
Participant contributions at end of year2018-12-31$131,656
Participant contributions at beginning of year2018-12-31$147,041
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$510
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$7,739
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$16,917
Total non interest bearing cash at end of year2018-12-31$4,359
Total non interest bearing cash at beginning of year2018-12-31$40,919
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-1,489,670
Value of net assets at end of year (total assets less liabilities)2018-12-31$5,954,018
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$7,443,688
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$5,583,776
Value of interest in pooled separate accounts at beginning of year2018-12-31$6,864,012
Interest on participant loans2018-12-31$7,716
Value of interest in common/collective trusts at end of year2018-12-31$240,885
Value of interest in common/collective trusts at beginning of year2018-12-31$408,633
Net investment gain/loss from pooled separate accounts2018-12-31$-372,482
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$178,159
Employer contributions (assets) at end of year2018-12-31$1,081
Employer contributions (assets) at beginning of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,902,631
Contract administrator fees2018-12-31$20,430
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31TANNER LLC
Accountancy firm EIN2018-12-31202253063
2017 : GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$16,917
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$30,617
Total income from all sources (including contributions)2017-12-31$1,822,748
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,734,843
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,702,844
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$765,977
Value of total assets at end of year2017-12-31$7,460,605
Value of total assets at beginning of year2017-12-31$7,386,400
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$31,999
Total interest from all sources2017-12-31$9,621
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$545,868
Participant contributions at end of year2017-12-31$147,041
Participant contributions at beginning of year2017-12-31$366,976
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$44,410
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$16,917
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$30,617
Total non interest bearing cash at end of year2017-12-31$40,919
Total non interest bearing cash at beginning of year2017-12-31$14,536
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$87,905
Value of net assets at end of year (total assets less liabilities)2017-12-31$7,443,688
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$7,355,783
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$6,864,012
Value of interest in pooled separate accounts at beginning of year2017-12-31$6,622,238
Interest on participant loans2017-12-31$9,621
Value of interest in common/collective trusts at end of year2017-12-31$408,633
Value of interest in common/collective trusts at beginning of year2017-12-31$382,650
Net investment gain/loss from pooled separate accounts2017-12-31$1,047,150
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$175,699
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,702,844
Contract administrator fees2017-12-31$31,999
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31TANNER LLC
Accountancy firm EIN2017-12-31202253063
2014 : GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$2,127,030
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$1,392,838
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,364,471
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,747,417
Value of total assets at end of year2014-12-31$8,162,553
Value of total assets at beginning of year2014-12-31$7,428,361
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$28,367
Total interest from all sources2014-12-31$17,579
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,179,153
Participant contributions at end of year2014-12-31$402,403
Participant contributions at beginning of year2014-12-31$401,545
Participant contributions at end of year2014-12-31$0
Participant contributions at beginning of year2014-12-31$38,948
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$146,636
Administrative expenses (other) incurred2014-12-31$28,367
Total non interest bearing cash at end of year2014-12-31$48,144
Total non interest bearing cash at beginning of year2014-12-31$59,739
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$734,192
Value of net assets at end of year (total assets less liabilities)2014-12-31$8,162,553
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$7,428,361
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in pooled separate accounts at end of year2014-12-31$7,712,006
Value of interest in pooled separate accounts at beginning of year2014-12-31$6,912,885
Interest on participant loans2014-12-31$17,579
Net investment gain/loss from pooled separate accounts2014-12-31$362,034
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$421,628
Employer contributions (assets) at end of year2014-12-31$0
Employer contributions (assets) at beginning of year2014-12-31$15,244
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,364,471
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31TANNER LLC
Accountancy firm EIN2014-12-31202253063

Form 5500 Responses for GRACO FISHING & RENTAL TOOLS 401(K) AND PROFIT SHARING PLAN

2018: GRACO FISHING & RENTAL TOOLS 401(K) AND 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 – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: GRACO FISHING & RENTAL TOOLS 401(K) AND 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 – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2014: GRACO FISHING & RENTAL TOOLS 401(K) AND 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 – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number103163
Policy instance 1
Insurance contract or identification number103163
Number of Individuals Covered161
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $26,284
Total amount of fees paid to insurance companyUSD $2,895
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?No
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 $26,284
Amount paid for insurance broker fees0
Additional information about fees paid to insurance broker3
Insurance broker organization code?0
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number103163
Policy instance 1
Insurance contract or identification number103163
Number of Individuals Covered152
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $29,565
Total amount of fees paid to insurance companyUSD $2,698
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?No
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 $29,565
Insurance broker organization code?5
Amount paid for insurance broker fees2645
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker nameFEDERATED INVESTMENT MANAGEMENT COM

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