401k Plan data: TWIN CITIES READY MIX, INC. 401(K) PLAN plan

TWIN CITIES READY MIX, INC. 401(K) PLAN 401k Plan overview

Plan Name	TWIN CITIES READY MIX, INC. 401(K) PLAN
Plan identification number	001

TWIN CITIES READY MIX, INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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

TWIN CITIES READY MIX, INC. has sponsored the creation of one or more 401k plans.

Company Name: TWIN CITIES READY MIX, INC.

Employer identification number (EIN): 731215650

NAIC Classification: 327300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TWIN CITIES READY MIX, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 MARY LEIBFRIED 2024-07-01
001 2022-01-01
001 2021-01-01
001 2020-01-01 MARY LEIBFRIED 2021-07-08 JOHN SCHWARZ 2021-07-08
001 2019-01-01 MARY LEIBFRIED 2020-05-14 JOHN SCHWARZ 2020-05-14
001 2018-01-01 MARY LEIBFRIED 2019-05-23 JOHN SCHWARZ 2019-05-23
001 2017-01-01 MARY LEIBFRIED 2018-06-22 JOHN SCHWARZ 2018-06-28
001 2016-01-01 MARY LEIBFRIED 2017-06-09 JOHN SCHWARZ 2017-06-12
001 2015-01-01 MARY LEIBFRIED 2016-05-19 JOHN SCHWARZ 2016-05-19
001 2014-01-01 MARY LEIBFRIED 2015-07-06 JOHN SCHWARZ 2015-07-06
001 2013-01-01 MARY LEIBFRIED 2014-05-23 JOHN SCHWARZ 2014-05-23
001 2012-01-01 MARY LEIBFRIED 2013-06-07 JOHN SCHWARZ 2013-06-07
001 2011-01-01 MARY LEIBFRIED 2012-07-19 JOHN SCHWARZ 2012-07-19
001 2010-01-01 MARY LEIBFRIED 2011-06-28 JOHN SCHWARZ 2011-07-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01	MARY LEIBFRIED	2024-07-01
001	2022-01-01
001	2021-01-01
001	2020-01-01	MARY LEIBFRIED	2021-07-08	JOHN SCHWARZ	2021-07-08
001	2019-01-01	MARY LEIBFRIED	2020-05-14	JOHN SCHWARZ	2020-05-14
001	2018-01-01	MARY LEIBFRIED	2019-05-23	JOHN SCHWARZ	2019-05-23
001	2017-01-01	MARY LEIBFRIED	2018-06-22	JOHN SCHWARZ	2018-06-28
001	2016-01-01	MARY LEIBFRIED	2017-06-09	JOHN SCHWARZ	2017-06-12
001	2015-01-01	MARY LEIBFRIED	2016-05-19	JOHN SCHWARZ	2016-05-19
001	2014-01-01	MARY LEIBFRIED	2015-07-06	JOHN SCHWARZ	2015-07-06
001	2013-01-01	MARY LEIBFRIED	2014-05-23	JOHN SCHWARZ	2014-05-23
001	2012-01-01	MARY LEIBFRIED	2013-06-07	JOHN SCHWARZ	2013-06-07
001	2011-01-01	MARY LEIBFRIED	2012-07-19	JOHN SCHWARZ	2012-07-19
001	2010-01-01	MARY LEIBFRIED	2011-06-28	JOHN SCHWARZ	2011-07-01

Plan Statistics for TWIN CITIES READY MIX, INC. 401(K) PLAN

401k plan membership statisitcs for TWIN CITIES READY MIX, INC. 401(K) PLAN

Measure Date Value
2022: TWIN CITIES READY MIX, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 136
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 143
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 7
Total of all active and inactive participants 2022-01-01 150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 150
Number of participants with account balances 2022-01-01 60
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: TWIN CITIES READY MIX, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 123
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 126
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 7
Total of all active and inactive participants 2021-01-01 133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 133
Number of participants with account balances 2021-01-01 60
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0

Measure	Date	Value
2022: TWIN CITIES READY MIX, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	136
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	143
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	7
Total of all active and inactive participants	2022-01-01	150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	150
Number of participants with account balances	2022-01-01	60
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: TWIN CITIES READY MIX, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	123
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	126
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	7
Total of all active and inactive participants	2021-01-01	133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	133
Number of participants with account balances	2021-01-01	60
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0

Financial Data on TWIN CITIES READY MIX, INC. 401(K) PLAN

Measure	Date	Value
2022 : TWIN CITIES READY MIX, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-291,154
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$660,121
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$620,971
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$409,943
Value of total assets at end of year	2022-12-31	$4,199,748
Value of total assets at beginning of year	2022-12-31	$5,151,023
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$39,150
Total interest from all sources	2022-12-31	$9,860
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Administrative expenses professional fees incurred	2022-12-31	$39,150
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$161,134
Participant contributions at end of year	2022-12-31	$147,201
Participant contributions at beginning of year	2022-12-31	$220,124
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-951,275
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$4,199,748
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$5,151,023
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$4,052,547
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$4,930,899
Interest on participant loans	2022-12-31	$9,860
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-710,957
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$248,809
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$620,971
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	MORSE & CO., PLLC
Accountancy firm EIN	2022-12-31	453705962
2021 : TWIN CITIES READY MIX, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$896,106
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$361,371
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$306,201
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$394,206
Value of total assets at end of year	2021-12-31	$5,151,023
Value of total assets at beginning of year	2021-12-31	$4,616,288
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$55,170
Total interest from all sources	2021-12-31	$10,787
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Administrative expenses professional fees incurred	2021-12-31	$55,170
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$245,446
Participant contributions at end of year	2021-12-31	$220,124
Participant contributions at beginning of year	2021-12-31	$200,566
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$534,735
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$5,151,023
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$4,616,288
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$4,930,899
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$4,415,722
Interest on participant loans	2021-12-31	$10,787
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$491,113
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$148,760
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$306,201
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	MORSE & CO., PLLC
Accountancy firm EIN	2021-12-31	453705962

Form 5500 Responses for TWIN CITIES READY MIX, INC. 401(K) PLAN

2022: TWIN CITIES READY MIX, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: TWIN CITIES READY MIX, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

935031-002

Policy instance

Insurance contract or identification number	935031-002
Number of Individuals Covered	171
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

92242

Policy instance

Insurance contract or identification number	92242
Number of Individuals Covered	64
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $28,522
Total amount of fees paid to insurance company	USD $4,240
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $28,522
Amount paid for insurance broker fees	0
Additional information about fees paid to insurance broker	0
Insurance broker organization code?	3

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Company Name:	TWIN CITIES READY MIX, INC.
Employer identification number (EIN):	731215650
NAIC Classification:	327300