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B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameB2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN
Plan identification number 001

B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

B2B INDUSTRIAL PACKAGING has sponsored the creation of one or more 401k plans.

Company Name:B2B INDUSTRIAL PACKAGING
Employer identification number (EIN):852983883
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01WILLIAM DRAKE2023-10-05 WILLIAM DRAKE2023-10-05
0012021-01-01WILLIAM DRAKE2022-09-28 WILLIAM DRAKE2022-09-28
0012020-11-20WILLIAM DRAKE2021-09-02 WILLIAM DRAKE2021-09-02

Plan Statistics for B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN

401k plan membership statisitcs for B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN

Measure Date Value
2022: B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01292
Total number of active participants reported on line 7a of the Form 55002022-01-01345
Number of retired or separated participants receiving benefits2022-01-0121
Number of other retired or separated participants entitled to future benefits2022-01-0119
Total of all active and inactive participants2022-01-01385
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01385
Number of participants with account balances2022-01-01160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-016
2021: B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01139
Total number of active participants reported on line 7a of the Form 55002021-01-01264
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-014
Total of all active and inactive participants2021-01-01268
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01268
Number of participants with account balances2021-01-01139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-012
2020: B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-11-20126
Total number of active participants reported on line 7a of the Form 55002020-11-20125
Number of retired or separated participants receiving benefits2020-11-200
Number of other retired or separated participants entitled to future benefits2020-11-200
Total of all active and inactive participants2020-11-20125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-11-200
Total participants2020-11-20125
Number of participants with account balances2020-11-2056
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-11-200

Financial Data on B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN

Measure Date Value
2022 : B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$92,260
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$63,829
Total income from all sources (including contributions)2022-12-31$295,522
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$449,466
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$344,185
Value of total corrective distributions2022-12-31$43,096
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,947,039
Value of total assets at end of year2022-12-31$11,236,390
Value of total assets at beginning of year2022-12-31$11,361,903
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$62,185
Total interest from all sources2022-12-31$3,496
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31No
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,600,247
Participant contributions at end of year2022-12-31$83,266
Participant contributions at beginning of year2022-12-31$61,465
Participant contributions at end of year2022-12-31$52,463
Participant contributions at beginning of year2022-12-31$10,207
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$94,068
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$92,260
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$63,829
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-153,944
Value of net assets at end of year (total assets less liabilities)2022-12-31$11,144,130
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$11,298,074
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$10,602,463
Value of interest in pooled separate accounts at beginning of year2022-12-31$11,223,606
Income. Interest from loans (other than to participants)2022-12-31$3,496
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$455,946
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$46,373
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,655,013
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$252,724
Employer contributions (assets) at end of year2022-12-31$42,252
Employer contributions (assets) at beginning of year2022-12-31$20,252
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$344,185
Contract administrator fees2022-12-31$62,185
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31RSM US LLP
Accountancy firm EIN2022-12-31420714325
2021 : B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$63,829
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$153
Total income from all sources (including contributions)2021-12-31$9,650,327
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$313,064
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$264,207
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$8,817,606
Value of total assets at end of year2021-12-31$11,361,903
Value of total assets at beginning of year2021-12-31$1,960,964
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$48,857
Total interest from all sources2021-12-31$3,104
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31No
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,083,889
Participant contributions at end of year2021-12-31$61,465
Participant contributions at beginning of year2021-12-31$60,612
Participant contributions at end of year2021-12-31$10,207
Participant contributions at beginning of year2021-12-31$22,446
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$7,567,478
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$63,829
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$153
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$9,337,263
Value of net assets at end of year (total assets less liabilities)2021-12-31$11,298,074
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,960,811
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$11,223,606
Value of interest in pooled separate accounts at beginning of year2021-12-31$1,871,477
Income. Interest from loans (other than to participants)2021-12-31$3,104
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$46,373
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$829,617
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$166,239
Employer contributions (assets) at end of year2021-12-31$20,252
Employer contributions (assets) at beginning of year2021-12-31$6,429
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$264,207
Contract administrator fees2021-12-31$48,857
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31RSM US LLP
Accountancy firm EIN2021-12-31420714325
2020 : B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$17,977
Total unrealized appreciation/depreciation of assets2020-12-31$17,977
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$153
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$1,960,831
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$20
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,942,639
Value of total assets at end of year2020-12-31$1,960,964
Value of total assets at beginning of year2020-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$20
Total interest from all sources2020-12-31$215
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31No
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$61,269
Participant contributions at end of year2020-12-31$60,612
Participant contributions at end of year2020-12-31$22,446
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,871,365
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$153
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,960,811
Value of net assets at end of year (total assets less liabilities)2020-12-31$1,960,811
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in pooled separate accounts at end of year2020-12-31$1,871,477
Interest on participant loans2020-12-31$215
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$10,005
Employer contributions (assets) at end of year2020-12-31$6,429
Contract administrator fees2020-12-31$20
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No

Form 5500 Responses for B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN

2022: B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT 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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: B2B INDUSTRIAL PACKAGING 401(K) RETIREMENT PLAN 2020 form 5500 responses
2020-11-20Type of plan entitySingle employer plan
2020-11-20First time form 5500 has been submittedYes
2020-11-20Submission has been amendedNo
2020-11-20This submission is the final filingNo
2020-11-20This return/report is a short plan year return/report (less than 12 months)Yes
2020-11-20Plan is a collectively bargained planNo
2020-11-20Plan funding arrangement – InsuranceYes
2020-11-20Plan funding arrangement – TrustYes
2020-11-20Plan benefit arrangement – InsuranceYes
2020-11-20Plan 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 number111244
Policy instance 1
Insurance contract or identification number111244
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $7,042
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?Yes
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
Amount paid for insurance broker fees5442
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number111244
Policy instance 1
Insurance contract or identification number111244
Number of Individuals Covered148
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $29,763
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?Yes
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
Amount paid for insurance broker fees29563
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number111244
Policy instance 1
Insurance contract or identification number111244
Number of Individuals Covered72
Insurance policy start date2020-11-20
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $27
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
Amount paid for insurance broker fees27
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker organization code?5

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