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BUILDER'S BEST 401(K) SAVINGS PLAN 401k Plan overview

Plan NameBUILDER'S BEST 401(K) SAVINGS PLAN
Plan identification number 001

BUILDER'S BEST 401(K) SAVINGS 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
  • 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

BUILDER'S BEST, INC. has sponsored the creation of one or more 401k plans.

Company Name:BUILDER'S BEST, INC.
Employer identification number (EIN):752332791
NAIC Classification:333510

Additional information about BUILDER'S BEST, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1990-08-20
Company Identification Number: 0008496006
Legal Registered Office Address: 201 BROILES ST

JACKSONVILLE
United States of America (USA)
75766

More information about BUILDER'S BEST, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUILDER'S BEST 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOHN ANDERSON2023-06-20
0012021-01-01JOHN ANDERSON2022-06-27
0012020-01-01JOHN ANDERSON2021-05-03
0012018-01-01JOHN ANDERSON2019-05-07
0012017-01-01JOHN ANDERSON2018-05-18
0012016-01-01JOHN ANDERSON2017-06-19
0012015-01-01JOHN ANDERSEN2016-05-17
0012014-01-01JOHN ANDERSEN2015-05-13
0012013-01-01JOHN ANDERSEN2014-07-18
0012012-01-01JOHN ANDERSEN2013-09-16
0012011-01-01JOHN ANDERSEN2012-06-26
0012009-01-01JOHN L ANDERSEN
0012009-01-01JOHN L ANDERSEN

Plan Statistics for BUILDER'S BEST 401(K) SAVINGS PLAN

401k plan membership statisitcs for BUILDER'S BEST 401(K) SAVINGS PLAN

Measure Date Value
2009: BUILDER'S BEST 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01136
Total number of active participants reported on line 7a of the Form 55002009-01-0192
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0144
Total of all active and inactive participants2009-01-01136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01136
Number of participants with account balances2009-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on BUILDER'S BEST 401(K) SAVINGS PLAN

Measure Date Value
2010 : BUILDER'S BEST 401(K) SAVINGS PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total income from all sources2010-12-31$157,511
Expenses. Total of all expenses incurred2010-12-31$207,480
Benefits paid (including direct rollovers)2010-12-31$199,587
Total plan assets at end of year2010-12-31$734,837
Total plan assets at beginning of year2010-12-31$784,806
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$79,815
Expenses. Other expenses not covered elsewhere2010-12-31$690
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$77,696
Net income (gross income less expenses)2010-12-31$-49,969
Net plan assets at end of year (total assets less liabilities)2010-12-31$734,837
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$784,806
Assets. Value of participant loans2010-12-31$44,527
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$7,203
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
2009 : BUILDER'S BEST 401(K) SAVINGS PLAN 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for BUILDER'S BEST 401(K) SAVINGS PLAN

2009: BUILDER'S BEST 401(K) SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-800029
Policy instance 1
Insurance contract or identification numberGA-800029
Number of Individuals Covered86
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $2,433
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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 $2,433
Insurance broker organization code?3
Insurance broker nameMML INSURANCE AGENCY

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