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WEST COAST FRAMING INC 401K PLAN 401k Plan overview

Plan NameWEST COAST FRAMING INC 401K PLAN
Plan identification number 001

WEST COAST FRAMING INC 401K 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WEST COAST FRAMING INC has sponsored the creation of one or more 401k plans.

Company Name:WEST COAST FRAMING INC
Employer identification number (EIN):800420074
NAIC Classification:238100

Additional information about WEST COAST FRAMING INC

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2014-12-12
Company Identification Number: P14000099394
Legal Registered Office Address: 1707 THOR AVE

APOPKA

32703

More information about WEST COAST FRAMING INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEST COAST FRAMING INC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012016-01-01LESLIE NEFFBRISENO2017-10-03
0012015-01-01WAYNE WITHERS2016-10-17

Plan Statistics for WEST COAST FRAMING INC 401K PLAN

401k plan membership statisitcs for WEST COAST FRAMING INC 401K PLAN

Measure Date Value
2020: WEST COAST FRAMING INC 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01221
Total number of active participants reported on line 7a of the Form 55002020-01-01224
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-013
Total of all active and inactive participants2020-01-01227
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01227
Number of participants with account balances2020-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on WEST COAST FRAMING INC 401K PLAN

Measure Date Value
2020 : WEST COAST FRAMING INC 401K PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total transfer of assets from this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
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$180,969
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$76,324
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$19,487
Value of total corrective distributions2020-12-31$56,637
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$103,241
Value of total assets at end of year2020-12-31$548,536
Value of total assets at beginning of year2020-12-31$443,891
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$200
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$29,649
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$29,649
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$45,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$103,241
Administrative expenses (other) incurred2020-12-31$200
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$104,645
Value of net assets at end of year (total assets less liabilities)2020-12-31$548,536
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$443,891
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 registered invesment companies (eg mutual funds) at end of year2020-12-31$538,031
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$443,742
Value of interest in common/collective trusts at end of year2020-12-31$10,505
Value of interest in common/collective trusts at beginning of year2020-12-31$149
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$47,962
Net investment gain or loss from common/collective trusts2020-12-31$117
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$19,487
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
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31JOHNSTON, GREMAUX & ROSSI, LLP
Accountancy firm EIN2020-12-31942234450

Form 5500 Responses for WEST COAST FRAMING INC 401K PLAN

2020: WEST COAST FRAMING INC 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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