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T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameT L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST
Plan identification number 001

T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

T L JACKSON CONSTRUCTION INC has sponsored the creation of one or more 401k plans.

Company Name:T L JACKSON CONSTRUCTION INC
Employer identification number (EIN):233072338
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01TERRY L. JACKSON2017-05-04
0012015-01-01TERRY L. JACKSON2016-03-01
0012014-01-01TERRY L. JACKSON2015-04-03
0012013-01-01TERRY L JACKSON2014-04-02
0012012-01-01TERRY L JACKSON2013-05-28
0012011-01-01TERRY L JACKSON2012-09-26
0012010-01-01T L JACKSON CONST INC2011-05-12

Plan Statistics for T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST

Measure Date Value
2023: T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST 2023 401k membership
Total participants, beginning-of-year2023-01-0114
Total number of active participants reported on line 7a of the Form 55002023-01-0116
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0116
Number of participants with account balances2023-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-013
2022: T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-018
Total number of active participants reported on line 7a of the Form 55002022-01-0114
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0114
Number of participants with account balances2022-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST

Measure Date Value
2023 : T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$230,010
Expenses. Total of all expenses incurred2023-12-31$20,050
Benefits paid (including direct rollovers)2023-12-31$14,860
Total plan assets at end of year2023-12-31$732,493
Total plan assets at beginning of year2023-12-31$522,533
Value of fidelity bond covering the plan2023-12-31$260,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$58,541
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$97,538
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$209,960
Net plan assets at end of year (total assets less liabilities)2023-12-31$732,493
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$522,533
Assets. Value of participant loans2023-12-31$0
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$73,931
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$5,190
2022 : T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST 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$0
Total income from all sources2022-12-31$-58,152
Expenses. Total of all expenses incurred2022-12-31$33,614
Benefits paid (including direct rollovers)2022-12-31$24,789
Total plan assets at end of year2022-12-31$522,533
Total plan assets at beginning of year2022-12-31$614,299
Value of fidelity bond covering the plan2022-12-31$260,000
Total contributions received or receivable from participants2022-12-31$38,133
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-97,179
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-91,766
Net plan assets at end of year (total assets less liabilities)2022-12-31$522,533
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$614,299
Total contributions received or receivable from employer(s)2022-12-31$894
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$5,261
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$3,564

Form 5500 Responses for T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST

2023: T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: T L JACKSON CONSTRUCTION INC 401K PROFIT SHARING PLAN AND TRUST 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

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