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BANKER STEEL CO. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameBANKER STEEL CO. 401(K) RETIREMENT PLAN
Plan identification number 001

BANKER STEEL CO. 401(K) RETIREMENT 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.
  • Plan covering Self-Employed individuals.
  • 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

BANKER STEEL HOLDCO LLC has sponsored the creation of one or more 401k plans.

Company Name:BANKER STEEL HOLDCO LLC
Employer identification number (EIN):843683764
NAIC Classification:332300

Additional information about BANKER STEEL HOLDCO LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2019-12-09
Company Identification Number: 0803489059
Legal Registered Office Address: PO BOX 10875

LYNCHBURG
United States of America (USA)
24506

More information about BANKER STEEL HOLDCO LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANKER STEEL CO. 401(K) RETIREMENT PLAN

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
0012021-01-01
0012020-01-01
0012020-01-01

Plan Statistics for BANKER STEEL CO. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for BANKER STEEL CO. 401(K) RETIREMENT PLAN

Measure Date Value
2023: BANKER STEEL CO. 401(K) RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01613
Total number of active participants reported on line 7a of the Form 55002023-01-010
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 participants2023-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-010
Number of participants with account balances2023-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: BANKER STEEL CO. 401(K) RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01794
Total number of active participants reported on line 7a of the Form 55002022-01-01492
Number of retired or separated participants receiving benefits2022-01-017
Number of other retired or separated participants entitled to future benefits2022-01-01114
Total of all active and inactive participants2022-01-01613
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01613
Number of participants with account balances2022-01-01402
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: BANKER STEEL CO. 401(K) RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01680
Total number of active participants reported on line 7a of the Form 55002021-01-01686
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01106
Total of all active and inactive participants2021-01-01792
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-012
Total participants2021-01-01794
Number of participants with account balances2021-01-01305
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: BANKER STEEL CO. 401(K) RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01625
Total number of active participants reported on line 7a of the Form 55002020-01-01602
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0177
Total of all active and inactive participants2020-01-01679
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01680
Number of participants with account balances2020-01-01410
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on BANKER STEEL CO. 401(K) RETIREMENT PLAN

Measure Date Value
2023 : BANKER STEEL CO. 401(K) RETIREMENT PLAN 2023 401k financial data
Unrealized appreciation/depreciation of real estate assets2023-01-10$0
Unrealized appreciation/depreciation of other (non real estate) assets2023-01-10$0
Total unrealized appreciation/depreciation of assets2023-01-10$0
Total transfer of assets from this plan2023-01-10$19,378,955
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-10$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-10$0
Expenses. Interest paid2023-01-10$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022023-01-10$0
Total income from all sources (including contributions)2023-01-10$461,951
Total loss/gain on sale of assets2023-01-10$0
Total of all expenses incurred2023-01-10$3,596
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-10$0
Expenses. Certain deemed distributions of participant loans2023-01-10$0
Value of total corrective distributions2023-01-10$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-10$0
Value of total assets at end of year2023-01-10$0
Value of total assets at beginning of year2023-01-10$18,920,600
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-10$3,596
Total income from rents2023-01-10$0
Total interest from all sources2023-01-10$-6,966
Total dividends received (eg from common stock, registered investment company shares)2023-01-10$1,109
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-10Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2023-01-10$0
Total dividends received from registered investment company shares (eg mutual funds)2023-01-10$1,109
Assets. Real estate other than employer real property at end of year2023-01-10$0
Assets. Real estate other than employer real property at beginning of year2023-01-10$0
Administrative expenses professional fees incurred2023-01-10$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2023-01-10$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2023-01-10$0
Was this plan covered by a fidelity bond2023-01-10Yes
Value of fidelity bond cover2023-01-10$500,000
If this is an individual account plan, was there a blackout period2023-01-10No
Were there any nonexempt tranactions with any party-in-interest2023-01-10No
Contributions received from participants2023-01-10$0
Participant contributions at end of year2023-01-10$0
Participant contributions at beginning of year2023-01-10$824,716
Participant contributions at end of year2023-01-10$0
Participant contributions at beginning of year2023-01-10$0
Assets. Other investments not covered elsewhere at end of year2023-01-10$0
Assets. Other investments not covered elsewhere at beginning of year2023-01-10$0
Income. Received or receivable in cash from other sources (including rollovers)2023-01-10$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-01-10$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-10$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-10$0
Assets. Loans (other than to participants) at end of year2023-01-10$0
Assets. Loans (other than to participants) at beginning of year2023-01-10$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-01-10$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-01-10$0
Other income not declared elsewhere2023-01-10$750
Administrative expenses (other) incurred2023-01-10$0
Total non interest bearing cash at end of year2023-01-10$0
Total non interest bearing cash at beginning of year2023-01-10$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-10No
Income. Non cash contributions2023-01-10$0
Value of net income/loss2023-01-10$458,355
Value of net assets at end of year (total assets less liabilities)2023-01-10$0
Value of net assets at beginning of year (total assets less liabilities)2023-01-10$18,920,600
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-10No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-10No
Were any leases to which the plan was party in default or uncollectible2023-01-10No
Assets. partnership/joint venture interests at end of year2023-01-10$0
Assets. partnership/joint venture interests at beginning of year2023-01-10$0
Investment advisory and management fees2023-01-10$750
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-10$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-10$18,095,884
Interest on participant loans2023-01-10$-6,966
Income. Interest from loans (other than to participants)2023-01-10$0
Interest earned on other investments2023-01-10$0
Income. Interest from US Government securities2023-01-10$0
Income. Interest from corporate debt instruments2023-01-10$0
Value of interest in master investment trust accounts at end of year2023-01-10$0
Value of interest in master investment trust accounts at beginning of year2023-01-10$0
Value of interest in common/collective trusts at end of year2023-01-10$0
Value of interest in common/collective trusts at beginning of year2023-01-10$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-01-10$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-01-10$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-01-10$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-01-10$0
Assets. Value of investments in 103.12 investment entities at end of year2023-01-10$0
Assets. Value of investments in 103.12 investment entities at beginning of year2023-01-10$0
Expenses. Payments to insurance carriers foe the provision of benefits2023-01-10$0
Asset value of US Government securities at end of year2023-01-10$0
Asset value of US Government securities at beginning of year2023-01-10$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-10$467,058
Net investment gain/loss from pooled separate accounts2023-01-10$0
Net investment gain or loss from common/collective trusts2023-01-10$0
Net gain/loss from 103.12 investment entities2023-01-10$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-10No
Was there a failure to transmit to the plan any participant contributions2023-01-10No
Has the plan failed to provide any benefit when due under the plan2023-01-10No
Assets. Invements in employer securities at end of year2023-01-10$0
Assets. Invements in employer securities at beginning of year2023-01-10$0
Assets. Value of employer real property at end of year2023-01-10$0
Assets. Value of employer real property at beginning of year2023-01-10$0
Contributions received in cash from employer2023-01-10$0
Employer contributions (assets) at end of year2023-01-10$0
Employer contributions (assets) at beginning of year2023-01-10$0
Income. Dividends from preferred stock2023-01-10$0
Income. Dividends from common stock2023-01-10$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-10$0
Asset. Corporate debt instrument preferred debt at end of year2023-01-10$0
Asset. Corporate debt instrument preferred debt at beginning of year2023-01-10$0
Asset. Corporate debt instrument debt (other) at end of year2023-01-10$0
Asset. Corporate debt instrument debt (other) at beginning of year2023-01-10$0
Contract administrator fees2023-01-10$2,846
Assets. Corporate common stocks other than exployer securities at end of year2023-01-10$0
Assets. Corporate common stocks other than exployer securities at beginning of year2023-01-10$0
Liabilities. Value of benefit claims payable at end of year2023-01-10$0
Liabilities. Value of benefit claims payable at beginning of year2023-01-10$0
Assets. Value of buildings and other operty used in plan operation at end of year2023-01-10$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2023-01-10$0
Did the plan have assets held for investment2023-01-10No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-10No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-10Yes
Aggregate proceeds on sale of assets2023-01-10$0
Aggregate carrying amount (costs) on sale of assets2023-01-10$0
Liabilities. Value of acquisition indebtedness at end of year2023-01-10$0
Liabilities. Value of acquisition indebtedness at beginning of year2023-01-10$0
Opinion of an independent qualified public accountant for this plan2023-01-10Unqualified
Accountancy firm name2023-01-10CHERRY BEKAERT LLP
Accountancy firm EIN2023-01-10560574444
2022 : BANKER STEEL CO. 401(K) RETIREMENT PLAN 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$0
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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Expenses. Interest paid2022-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$0
Total income from all sources (including contributions)2022-12-31$-259,078
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,804,796
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,691,046
Expenses. Certain deemed distributions of participant loans2022-12-31$0
Value of total corrective distributions2022-12-31$2,598
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,915,521
Value of total assets at end of year2022-12-31$18,920,600
Value of total assets at beginning of year2022-12-31$20,984,474
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$111,152
Total income from rents2022-12-31$0
Total interest from all sources2022-12-31$39,897
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$464,150
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$464,150
Assets. Real estate other than employer real property at end of year2022-12-31$0
Assets. Real estate other than employer real property at beginning of year2022-12-31$0
Administrative expenses professional fees incurred2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
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$1,830,228
Participant contributions at end of year2022-12-31$824,716
Participant contributions at beginning of year2022-12-31$707,440
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Assets. Other investments not covered elsewhere at end of year2022-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$23,536
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Assets. Loans (other than to participants) at end of year2022-12-31$0
Assets. Loans (other than to participants) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$98
Administrative expenses (other) incurred2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$0
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
Income. Non cash contributions2022-12-31$0
Value of net income/loss2022-12-31$-2,063,874
Value of net assets at end of year (total assets less liabilities)2022-12-31$18,920,600
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$20,984,474
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
Assets. partnership/joint venture interests at end of year2022-12-31$0
Assets. partnership/joint venture interests at beginning of year2022-12-31$0
Investment advisory and management fees2022-12-31$25,229
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$18,095,884
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$20,277,034
Interest on participant loans2022-12-31$39,897
Income. Interest from loans (other than to participants)2022-12-31$0
Interest earned on other investments2022-12-31$0
Income. Interest from US Government securities2022-12-31$0
Income. Interest from corporate debt instruments2022-12-31$0
Value of interest in master investment trust accounts at end of year2022-12-31$0
Value of interest in master investment trust accounts at beginning of year2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$0
Value of interest in common/collective trusts at beginning of year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2022-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2022-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$0
Asset value of US Government securities at end of year2022-12-31$0
Asset value of US Government securities at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,678,744
Net investment gain/loss from pooled separate accounts2022-12-31$0
Net investment gain or loss from common/collective trusts2022-12-31$0
Net gain/loss from 103.12 investment entities2022-12-31$0
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
Assets. Invements in employer securities at end of year2022-12-31$0
Assets. Invements in employer securities at beginning of year2022-12-31$0
Assets. Value of employer real property at end of year2022-12-31$0
Assets. Value of employer real property at beginning of year2022-12-31$0
Contributions received in cash from employer2022-12-31$1,061,757
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$0
Income. Dividends from preferred stock2022-12-31$0
Income. Dividends from common stock2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,691,046
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$0
Contract administrator fees2022-12-31$85,923
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$0
Liabilities. Value of benefit claims payable at end of year2022-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2022-12-31$0
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
Aggregate proceeds on sale of assets2022-12-31$0
Aggregate carrying amount (costs) on sale of assets2022-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2022-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2022-12-31$0
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CHERRY BEKAERT LLP
Accountancy firm EIN2022-12-31560574444
2021 : BANKER STEEL CO. 401(K) RETIREMENT PLAN 2021 401k financial data
Unrealized appreciation/depreciation of real estate assets2021-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$0
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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Expenses. Interest paid2021-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$0
Total income from all sources (including contributions)2021-12-31$5,409,194
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$2,015,935
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,921,504
Expenses. Certain deemed distributions of participant loans2021-12-31$0
Value of total corrective distributions2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,189,271
Value of total assets at end of year2021-12-31$20,984,474
Value of total assets at beginning of year2021-12-31$17,591,215
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$94,431
Total income from rents2021-12-31$0
Total interest from all sources2021-12-31$36,631
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,485,576
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$2,485,576
Assets. Real estate other than employer real property at end of year2021-12-31$0
Assets. Real estate other than employer real property at beginning of year2021-12-31$0
Administrative expenses professional fees incurred2021-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2021-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,642,544
Participant contributions at end of year2021-12-31$707,440
Participant contributions at beginning of year2021-12-31$631,823
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Assets. Other investments not covered elsewhere at end of year2021-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$630,442
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Assets. Loans (other than to participants) at end of year2021-12-31$0
Assets. Loans (other than to participants) at beginning of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$0
Other income not declared elsewhere2021-12-31$4,153
Administrative expenses (other) incurred2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$0
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
Income. Non cash contributions2021-12-31$0
Value of net income/loss2021-12-31$3,393,259
Value of net assets at end of year (total assets less liabilities)2021-12-31$20,984,474
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$17,591,215
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
Assets. partnership/joint venture interests at end of year2021-12-31$0
Assets. partnership/joint venture interests at beginning of year2021-12-31$0
Investment advisory and management fees2021-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$20,277,034
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$16,959,392
Interest on participant loans2021-12-31$36,631
Income. Interest from loans (other than to participants)2021-12-31$0
Interest earned on other investments2021-12-31$0
Income. Interest from US Government securities2021-12-31$0
Income. Interest from corporate debt instruments2021-12-31$0
Value of interest in master investment trust accounts at end of year2021-12-31$0
Value of interest in master investment trust accounts at beginning of year2021-12-31$0
Value of interest in common/collective trusts at end of year2021-12-31$0
Value of interest in common/collective trusts at beginning of year2021-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2021-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2021-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Asset value of US Government securities at end of year2021-12-31$0
Asset value of US Government securities at beginning of year2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$-306,437
Net investment gain/loss from pooled separate accounts2021-12-31$0
Net investment gain or loss from common/collective trusts2021-12-31$0
Net gain/loss from 103.12 investment entities2021-12-31$0
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
Assets. Invements in employer securities at end of year2021-12-31$0
Assets. Invements in employer securities at beginning of year2021-12-31$0
Assets. Value of employer real property at end of year2021-12-31$0
Assets. Value of employer real property at beginning of year2021-12-31$0
Contributions received in cash from employer2021-12-31$916,285
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$0
Income. Dividends from preferred stock2021-12-31$0
Income. Dividends from common stock2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,921,504
Asset. Corporate debt instrument preferred debt at end of year2021-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$0
Contract administrator fees2021-12-31$94,431
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$0
Liabilities. Value of benefit claims payable at end of year2021-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2021-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2021-12-31$0
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
Aggregate proceeds on sale of assets2021-12-31$0
Aggregate carrying amount (costs) on sale of assets2021-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2021-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2021-12-31$0
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CHERRY BEKAERT LLP
Accountancy firm EIN2021-12-31560574444
2020 : BANKER STEEL CO. 401(K) RETIREMENT PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$0
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$19,097
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
Expenses. Interest paid2020-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$0
Total income from all sources (including contributions)2020-12-31$4,621,234
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$2,784,057
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,707,817
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$2,601,825
Value of total assets at end of year2020-12-31$17,591,215
Value of total assets at beginning of year2020-12-31$15,734,941
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$76,240
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$36,072
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$461,466
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$461,466
Assets. Real estate other than employer real property at end of year2020-12-31$0
Assets. Real estate other than employer real property at beginning of year2020-12-31$0
Administrative expenses professional fees incurred2020-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2020-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
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$1,587,490
Participant contributions at end of year2020-12-31$631,823
Participant contributions at beginning of year2020-12-31$596,858
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Assets. Other investments not covered elsewhere at end of year2020-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$101,182
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Assets. Loans (other than to participants) at end of year2020-12-31$0
Assets. Loans (other than to participants) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$40,260
Administrative expenses (other) incurred2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
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
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$1,837,177
Value of net assets at end of year (total assets less liabilities)2020-12-31$17,591,215
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$15,734,941
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
Assets. partnership/joint venture interests at end of year2020-12-31$0
Assets. partnership/joint venture interests at beginning of year2020-12-31$0
Investment advisory and management fees2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$16,959,392
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$15,138,083
Interest on participant loans2020-12-31$36,072
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$0
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in master investment trust accounts at end of year2020-12-31$0
Value of interest in master investment trust accounts at beginning of year2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$0
Value of interest in common/collective trusts at beginning of year2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2020-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Asset value of US Government securities at end of year2020-12-31$0
Asset value of US Government securities at beginning of year2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,481,611
Net investment gain/loss from pooled separate accounts2020-12-31$0
Net investment gain or loss from common/collective trusts2020-12-31$0
Net gain/loss from 103.12 investment entities2020-12-31$0
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
Assets. Invements in employer securities at end of year2020-12-31$0
Assets. Invements in employer securities at beginning of year2020-12-31$0
Assets. Value of employer real property at end of year2020-12-31$0
Assets. Value of employer real property at beginning of year2020-12-31$0
Contributions received in cash from employer2020-12-31$913,153
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$0
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,707,817
Asset. Corporate debt instrument preferred debt at end of year2020-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2020-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2020-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$0
Contract administrator fees2020-12-31$76,240
Assets. Corporate common stocks other than exployer securities at end of year2020-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2020-12-31$0
Liabilities. Value of benefit claims payable at end of year2020-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2020-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2020-12-31$0
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
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31CHERRY BEKAERT LLP
Accountancy firm EIN2020-12-31560574444

Form 5500 Responses for BANKER STEEL CO. 401(K) RETIREMENT PLAN

2023: BANKER STEEL CO. 401(K) RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingYes
2023-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: BANKER STEEL CO. 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BANKER STEEL CO. 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 – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BANKER STEEL CO. 401(K) RETIREMENT 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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