401k Plan data: B.J. GRINDING, INC. PENSION PLAN plan

B.J. GRINDING, INC. PENSION PLAN 401k Plan overview

Plan Name	B.J. GRINDING, INC. PENSION PLAN
Plan identification number	001

B.J. GRINDING, INC. PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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

B.J. GRINDING, INC. has sponsored the creation of one or more 401k plans.

Company Name: B.J. GRINDING, INC.

Employer identification number (EIN): 943449419

NAIC Classification: 333900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B.J. GRINDING, INC. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-02-01
001 2019-02-01
001 2019-02-01
001 2019-02-01

Plan Statistics for B.J. GRINDING, INC. PENSION PLAN

401k plan membership statisitcs for B.J. GRINDING, INC. PENSION PLAN

Measure Date Value
2021: B.J. GRINDING, INC. PENSION PLAN 2021 401k membership
Market value of plan assets 2021-01-31 2,219,674
Acturial value of plan assets 2021-01-31 2,219,674
Funding target for retired participants and beneficiaries receiving payment 2021-01-31 0
Number of terminated vested participants 2021-01-31 0
Fundng target for terminated vested participants 2021-01-31 0
Active participant vested funding target 2021-01-31 1,634,070
Number of active participants 2021-01-31 4
Total funding liabilities for active participants 2021-01-31 1,634,106
Total participant count 2021-01-31 4
Total funding target for all participants 2021-01-31 1,634,106
Balance at beginning of prior year after applicable adjustments 2021-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-01-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-01-31 0
Prefunding balanced used to offset prior years funding requirement 2021-01-31 0
Amount remaining of carryover balance 2021-01-31 0
Amount remaining of prefunding balance 2021-01-31 0
Present value of excess contributions 2021-01-31 61,383
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-01-31 61,383
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-01-31 0
Reductions in caryover balances due to elections or deemed elections 2021-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-01-31 0
Balance of carryovers at beginning of current year 2021-01-31 0
Balance of prefunding at beginning of current year 2021-01-31 0
Total employer contributions 2021-01-31 0
Total employee contributions 2021-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-01-31 0
Unpaid minimum required contributions for all prior years 2021-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-01-31 0
Remaining amount of unpaid minimum required contributions 2021-01-31 0
Minimum required contributions for current year target normal cost 2021-01-31 168,129
Net shortfall amortization installment of oustanding balance 2021-01-31 0
Waiver amortization installment 2021-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-01-31 0
Carryover balance elected to use to offset funding requirement 2021-01-31 0
Prefunding balance elected to use to offset funding requirement 2021-01-31 0
Additional cash requirement 2021-01-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-01-31 0
Unpaid minimum required contributions for current year 2021-01-31 0
Unpaid minimum required contributions for all years 2021-01-31 0
2020: B.J. GRINDING, INC. PENSION PLAN 2020 401k membership
Total participants, beginning-of-year 2020-02-01 4
Total number of active participants reported on line 7a of the Form 5500 2020-02-01 4
Number of retired or separated participants receiving benefits 2020-02-01 0
Number of other retired or separated participants entitled to future benefits 2020-02-01 0
Total of all active and inactive participants 2020-02-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-02-01 0
Total participants 2020-02-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-02-01 0
Market value of plan assets 2020-01-31 2,052,799
Acturial value of plan assets 2020-01-31 2,052,799
Funding target for retired participants and beneficiaries receiving payment 2020-01-31 0
Number of terminated vested participants 2020-01-31 0
Fundng target for terminated vested participants 2020-01-31 0
Active participant vested funding target 2020-01-31 1,443,106
Number of active participants 2020-01-31 4
Total funding liabilities for active participants 2020-01-31 1,443,106
Total participant count 2020-01-31 4
Total funding target for all participants 2020-01-31 1,443,106
Balance at beginning of prior year after applicable adjustments 2020-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-01-31 616,201
Carryover balanced portion elected for use to offset prior years funding requirement 2020-01-31 0
Prefunding balanced used to offset prior years funding requirement 2020-01-31 0
Amount remaining of carryover balance 2020-01-31 0
Amount remaining of prefunding balance 2020-01-31 616,201
Present value of excess contributions 2020-01-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-01-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-01-31 0
Reductions in caryover balances due to elections or deemed elections 2020-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-01-31 657,856
Balance of carryovers at beginning of current year 2020-01-31 0
Balance of prefunding at beginning of current year 2020-01-31 0
Total employer contributions 2020-01-31 63,000
Total employee contributions 2020-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-01-31 61,383
Unpaid minimum required contributions for all prior years 2020-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-01-31 0
Remaining amount of unpaid minimum required contributions 2020-01-31 0
Minimum required contributions for current year target normal cost 2020-01-31 185,147
Net shortfall amortization installment of oustanding balance 2020-01-31 0
Waiver amortization installment 2020-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-01-31 0
Carryover balance elected to use to offset funding requirement 2020-01-31 0
Prefunding balance elected to use to offset funding requirement 2020-01-31 0
Additional cash requirement 2020-01-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-01-31 61,383
Unpaid minimum required contributions for current year 2020-01-31 0
Unpaid minimum required contributions for all years 2020-01-31 0
2019: B.J. GRINDING, INC. PENSION PLAN 2019 401k membership
Total participants, beginning-of-year 2019-02-01 4
Total number of active participants reported on line 7a of the Form 5500 2019-02-01 4
Number of retired or separated participants receiving benefits 2019-02-01 0
Number of other retired or separated participants entitled to future benefits 2019-02-01 0
Total of all active and inactive participants 2019-02-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-02-01 0
Total participants 2019-02-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-02-01 0

Measure	Date	Value
2021: B.J. GRINDING, INC. PENSION PLAN 2021 401k membership
Market value of plan assets	2021-01-31	2,219,674
Acturial value of plan assets	2021-01-31	2,219,674
Funding target for retired participants and beneficiaries receiving payment	2021-01-31	0
Number of terminated vested participants	2021-01-31	0
Fundng target for terminated vested participants	2021-01-31	0
Active participant vested funding target	2021-01-31	1,634,070
Number of active participants	2021-01-31	4
Total funding liabilities for active participants	2021-01-31	1,634,106
Total participant count	2021-01-31	4
Total funding target for all participants	2021-01-31	1,634,106
Balance at beginning of prior year after applicable adjustments	2021-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-01-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-01-31	0
Prefunding balanced used to offset prior years funding requirement	2021-01-31	0
Amount remaining of carryover balance	2021-01-31	0
Amount remaining of prefunding balance	2021-01-31	0
Present value of excess contributions	2021-01-31	61,383
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-01-31	61,383
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-01-31	0
Reductions in caryover balances due to elections or deemed elections	2021-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-01-31	0
Balance of carryovers at beginning of current year	2021-01-31	0
Balance of prefunding at beginning of current year	2021-01-31	0
Total employer contributions	2021-01-31	0
Total employee contributions	2021-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-01-31	0
Unpaid minimum required contributions for all prior years	2021-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-01-31	0
Remaining amount of unpaid minimum required contributions	2021-01-31	0
Minimum required contributions for current year target normal cost	2021-01-31	168,129
Net shortfall amortization installment of oustanding balance	2021-01-31	0
Waiver amortization installment	2021-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-01-31	0
Carryover balance elected to use to offset funding requirement	2021-01-31	0
Prefunding balance elected to use to offset funding requirement	2021-01-31	0
Additional cash requirement	2021-01-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-01-31	0
Unpaid minimum required contributions for current year	2021-01-31	0
Unpaid minimum required contributions for all years	2021-01-31	0
2020: B.J. GRINDING, INC. PENSION PLAN 2020 401k membership
Total participants, beginning-of-year	2020-02-01	4
Total number of active participants reported on line 7a of the Form 5500	2020-02-01	4
Number of retired or separated participants receiving benefits	2020-02-01	0
Number of other retired or separated participants entitled to future benefits	2020-02-01	0
Total of all active and inactive participants	2020-02-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-02-01	0
Total participants	2020-02-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-02-01	0
Market value of plan assets	2020-01-31	2,052,799
Acturial value of plan assets	2020-01-31	2,052,799
Funding target for retired participants and beneficiaries receiving payment	2020-01-31	0
Number of terminated vested participants	2020-01-31	0
Fundng target for terminated vested participants	2020-01-31	0
Active participant vested funding target	2020-01-31	1,443,106
Number of active participants	2020-01-31	4
Total funding liabilities for active participants	2020-01-31	1,443,106
Total participant count	2020-01-31	4
Total funding target for all participants	2020-01-31	1,443,106
Balance at beginning of prior year after applicable adjustments	2020-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-01-31	616,201
Carryover balanced portion elected for use to offset prior years funding requirement	2020-01-31	0
Prefunding balanced used to offset prior years funding requirement	2020-01-31	0
Amount remaining of carryover balance	2020-01-31	0
Amount remaining of prefunding balance	2020-01-31	616,201
Present value of excess contributions	2020-01-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-01-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-01-31	0
Reductions in caryover balances due to elections or deemed elections	2020-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-01-31	657,856
Balance of carryovers at beginning of current year	2020-01-31	0
Balance of prefunding at beginning of current year	2020-01-31	0
Total employer contributions	2020-01-31	63,000
Total employee contributions	2020-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-01-31	61,383
Unpaid minimum required contributions for all prior years	2020-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-01-31	0
Remaining amount of unpaid minimum required contributions	2020-01-31	0
Minimum required contributions for current year target normal cost	2020-01-31	185,147
Net shortfall amortization installment of oustanding balance	2020-01-31	0
Waiver amortization installment	2020-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-01-31	0
Carryover balance elected to use to offset funding requirement	2020-01-31	0
Prefunding balance elected to use to offset funding requirement	2020-01-31	0
Additional cash requirement	2020-01-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-01-31	61,383
Unpaid minimum required contributions for current year	2020-01-31	0
Unpaid minimum required contributions for all years	2020-01-31	0
2019: B.J. GRINDING, INC. PENSION PLAN 2019 401k membership
Total participants, beginning-of-year	2019-02-01	4
Total number of active participants reported on line 7a of the Form 5500	2019-02-01	4
Number of retired or separated participants receiving benefits	2019-02-01	0
Number of other retired or separated participants entitled to future benefits	2019-02-01	0
Total of all active and inactive participants	2019-02-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-02-01	0
Total participants	2019-02-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-02-01	0

Financial Data on B.J. GRINDING, INC. PENSION PLAN

Measure	Date	Value
2021 : B.J. GRINDING, INC. PENSION PLAN 2021 401k financial data
Transfers to/from the plan	2021-01-31	$0
Total plan liabilities at end of year	2021-01-31	$0
Total plan liabilities at beginning of year	2021-01-31	$0
Total income from all sources	2021-01-31	$184,988
Expenses. Total of all expenses incurred	2021-01-31	$81,113
Benefits paid (including direct rollovers)	2021-01-31	$81,113
Total plan assets at end of year	2021-01-31	$2,219,674
Total plan assets at beginning of year	2021-01-31	$2,115,799
Value of fidelity bond covering the plan	2021-01-31	$1,750,000
Total contributions received or receivable from participants	2021-01-31	$0
Assets. Value of loans (other than to participants)	2021-01-31	$2,077,500
Expenses. Other expenses not covered elsewhere	2021-01-31	$0
Contributions received from other sources (not participants or employers)	2021-01-31	$0
Other income received	2021-01-31	$184,988
Noncash contributions received	2021-01-31	$0
Net income (gross income less expenses)	2021-01-31	$103,875
Net plan assets at end of year (total assets less liabilities)	2021-01-31	$2,219,674
Net plan assets at beginning of year (total assets less liabilities)	2021-01-31	$2,115,799
Total contributions received or receivable from employer(s)	2021-01-31	$0
Value of certain deemed distributions of participant loans	2021-01-31	$0
Value of corrective distributions	2021-01-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-01-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-01-31	$0
2020 : B.J. GRINDING, INC. PENSION PLAN 2020 401k financial data
Transfers to/from the plan	2020-01-31	$0
Total plan liabilities at end of year	2020-01-31	$0
Total plan liabilities at beginning of year	2020-01-31	$0
Total income from all sources	2020-01-31	$-176,277
Expenses. Total of all expenses incurred	2020-01-31	$74,275
Benefits paid (including direct rollovers)	2020-01-31	$74,275
Total plan assets at end of year	2020-01-31	$1,728,299
Total plan assets at beginning of year	2020-01-31	$1,978,851
Value of fidelity bond covering the plan	2020-01-31	$1,750,000
Total contributions received or receivable from participants	2020-01-31	$0
Assets. Value of loans (other than to participants)	2020-01-31	$1,265,000
Expenses. Other expenses not covered elsewhere	2020-01-31	$0
Contributions received from other sources (not participants or employers)	2020-01-31	$0
Other income received	2020-01-31	$-239,277
Noncash contributions received	2020-01-31	$0
Net income (gross income less expenses)	2020-01-31	$-250,552
Net plan assets at end of year (total assets less liabilities)	2020-01-31	$1,728,299
Net plan assets at beginning of year (total assets less liabilities)	2020-01-31	$1,978,851
Total contributions received or receivable from employer(s)	2020-01-31	$63,000
Value of certain deemed distributions of participant loans	2020-01-31	$0
Value of corrective distributions	2020-01-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-01-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-01-31	$0

Form 5500 Responses for B.J. GRINDING, INC. PENSION PLAN

2020: B.J. GRINDING, INC. PENSION PLAN 2020 form 5500 responses
2020-02-01	Type of plan entity	Single employer plan
2020-02-01	Submission has been amended	No
2020-02-01	This submission is the final filing	No
2020-02-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-02-01	Plan is a collectively bargained plan	No
2020-02-01	Plan funding arrangement – Trust	Yes
2020-02-01	Plan benefit arrangement - Trust	Yes
2019: B.J. GRINDING, INC. PENSION PLAN 2019 form 5500 responses
2019-02-01	Type of plan entity	Single employer plan
2019-02-01	Submission has been amended	No
2019-02-01	This submission is the final filing	No
2019-02-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-02-01	Plan is a collectively bargained plan	No
2019-02-01	Plan funding arrangement – Trust	Yes
2019-02-01	Plan benefit arrangement - Trust	Yes

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Company Name:	B.J. GRINDING, INC.
Employer identification number (EIN):	943449419
NAIC Classification:	333900