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S & B LEGACY INC 401(K) PLAN 401k Plan overview

Plan NameS & B LEGACY INC 401(K) PLAN
Plan identification number 001

S & B LEGACY INC 401(K) 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.
  • 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

S & B LEGACY INC has sponsored the creation of one or more 401k plans.

Company Name:S & B LEGACY INC
Employer identification number (EIN):922521885
NAIC Classification:561900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan S & B LEGACY INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-02-23

Plan Statistics for S & B LEGACY INC 401(K) PLAN

401k plan membership statisitcs for S & B LEGACY INC 401(K) PLAN

Measure Date Value
2023: S & B LEGACY INC 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-02-232
Total number of active participants reported on line 7a of the Form 55002023-02-232
Number of retired or separated participants receiving benefits2023-02-230
Number of other retired or separated participants entitled to future benefits2023-02-230
Total of all active and inactive participants2023-02-232
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-02-230
Total participants2023-02-232
Number of participants with account balances2023-02-232
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-02-230

Financial Data on S & B LEGACY INC 401(K) PLAN

Measure Date Value
2023 : S & B LEGACY INC 401(K) PLAN 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$131,032
Expenses. Total of all expenses incurred2023-12-31$40
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$130,992
Total plan assets at beginning of year2023-12-31$0
Total contributions received or receivable from participants2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$131,032
Other income received2023-12-31$0
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$130,992
Net plan assets at end of year (total assets less liabilities)2023-12-31$130,992
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$0
Assets. Value of employer securities2023-12-31$130,992
Total contributions received or receivable from employer(s)2023-12-31$0
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$40

Form 5500 Responses for S & B LEGACY INC 401(K) PLAN

2023: S & B LEGACY INC 401(K) PLAN 2023 form 5500 responses
2023-02-23Type of plan entitySingle employer plan
2023-02-23First time form 5500 has been submittedYes
2023-02-23Submission has been amendedNo
2023-02-23This submission is the final filingNo
2023-02-23This return/report is a short plan year return/report (less than 12 months)Yes
2023-02-23Plan is a collectively bargained planNo
2023-02-23Plan funding arrangement – TrustYes
2023-02-23Plan benefit arrangement - TrustYes

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