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J & D BRUSH COMPANY LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameJ & D BRUSH COMPANY LLC 401(K) PROFIT SHARING PLAN
Plan identification number 001

J & D BRUSH COMPANY LLC 401(K) PROFIT SHARING 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

J & D BRUSH COMPANY LLC has sponsored the creation of one or more 401k plans.

Company Name:J & D BRUSH COMPANY LLC
Employer identification number (EIN):112479908
NAIC Classification:424990
NAIC Description:Other Miscellaneous Nondurable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan J & D BRUSH COMPANY LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01DOMINGOS MARTINS2019-10-14
0012017-01-01
0012016-01-01GARY DAILEY2017-10-15
0012015-07-01JEFFREY ROSENZWEIG2016-10-17 JEFFREY ROSENZWEIG2016-10-17
0012014-07-01JEFFREY ROSENZWEIG2016-04-05 JEFFREY ROSENZWEIG2016-04-05
0012013-07-01JEFF ROSENZWEIG2015-04-06 JEFF ROSENZWEIG2015-04-06
0012012-07-01JEFFREY ROSENZWEIG2014-04-11 JEFFREY ROSENZWEIG2014-04-11
0012011-07-01JEFFREY ROSENZWEIG2013-03-27 JEFFREY ROSENZWEIG2013-03-27
0012010-07-01JEFFREY ROSENZWEIG2012-03-08 JEFFREY ROSENZWEIG2012-03-08

Plan Statistics for J & D BRUSH COMPANY LLC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for J & D BRUSH COMPANY LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2019: J & D BRUSH COMPANY LLC 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01160
Total number of active participants reported on line 7a of the Form 55002019-01-01149
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0130
Total of all active and inactive participants2019-01-01179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01179
Number of participants with account balances2019-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0114

Financial Data on J & D BRUSH COMPANY LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2019 : J & D BRUSH COMPANY LLC 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,224,905
Total income from all sources (including contributions)2019-12-31$2,224,905
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$216,247
Total of all expenses incurred2019-12-31$216,247
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$199,086
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$199,086
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,727,473
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,727,473
Value of total assets at end of year2019-12-31$3,517,968
Value of total assets at end of year2019-12-31$3,517,968
Value of total assets at beginning of year2019-12-31$1,509,310
Value of total assets at beginning of year2019-12-31$1,509,310
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$17,161
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$17,161
Total interest from all sources2019-12-31$1,733
Total interest from all sources2019-12-31$1,733
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$151,000
Value of fidelity bond cover2019-12-31$151,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$435,116
Contributions received from participants2019-12-31$435,116
Participant contributions at end of year2019-12-31$45,576
Participant contributions at end of year2019-12-31$45,576
Participant contributions at beginning of year2019-12-31$14,637
Participant contributions at beginning of year2019-12-31$14,637
Participant contributions at end of year2019-12-31$13,071
Participant contributions at end of year2019-12-31$13,071
Participant contributions at beginning of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$1,133,837
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$1,133,837
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,008,658
Value of net income/loss2019-12-31$2,008,658
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,517,968
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,517,968
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,509,310
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,509,310
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$3,417,576
Value of interest in pooled separate accounts at end of year2019-12-31$3,417,576
Value of interest in pooled separate accounts at beginning of year2019-12-31$1,474,922
Value of interest in pooled separate accounts at beginning of year2019-12-31$1,474,922
Interest on participant loans2019-12-31$1,278
Interest on participant loans2019-12-31$1,278
Interest earned on other investments2019-12-31$455
Interest earned on other investments2019-12-31$455
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$34,117
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$34,117
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$19,751
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$19,751
Net investment gain/loss from pooled separate accounts2019-12-31$495,699
Net investment gain/loss from pooled separate accounts2019-12-31$495,699
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$158,520
Contributions received in cash from employer2019-12-31$158,520
Employer contributions (assets) at end of year2019-12-31$7,628
Employer contributions (assets) at end of year2019-12-31$7,628
Employer contributions (assets) at beginning of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$199,086
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$199,086
Contract administrator fees2019-12-31$17,161
Contract administrator fees2019-12-31$17,161
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31TMI CPA, P.C.
Accountancy firm name2019-12-31TMI CPA, P.C.
Accountancy firm EIN2019-12-31472426908
Accountancy firm EIN2019-12-31472426908

Form 5500 Responses for J & D BRUSH COMPANY LLC 401(K) PROFIT SHARING PLAN

2019: J & D BRUSH COMPANY LLC 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

LINCOLN LIFE AND ANNUITY CO OF NY (National Association of Insurance Commissioners NAIC id number: 62057 )
Policy contract number30227 / FV45
Policy instance 1
Insurance contract or identification number30227 / FV45
Number of Individuals Covered179
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $10,629
Total amount of fees paid to insurance companyUSD $747
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $10,629
Insurance broker organization code?4
Amount paid for insurance broker fees747
Additional information about fees paid to insurance brokerTPA ONGOING ADMINISTRATION REIMBURSEMENT

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