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BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 401k Plan overview

Plan NameBABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES
Plan identification number 002

BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.

401k Sponsoring company profile

BABBITT BEARINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name:BABBITT BEARINGS, INC.
Employer identification number (EIN):160911561
NAIC Classification:333900

Additional information about BABBITT BEARINGS, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1965-12-07
Company Identification Number: 193207
Legal Registered Office Address: 734-742 BURNET AVENUE
Onondaga
SYRACUSE
United States of America (USA)
13203

More information about BABBITT BEARINGS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01TRACY S. STEVENSON2023-10-13
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01TRACY STEVENSON
0022015-01-01TRACY STEVENSON
0022014-01-01TRACY STEVENSON
0022013-01-01TRACY STEVENSON
0022012-01-01TRACY STEVENSON TRACY STEVENSON2013-10-10
0022011-01-01TRACY STEVENSON
0022009-01-01TRACY STEVENSON

Plan Statistics for BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES

401k plan membership statisitcs for BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES

Measure Date Value
2017: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2017 401k membership
Total participants, beginning-of-year2017-01-0120
Total number of active participants reported on line 7a of the Form 55002017-01-0113
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-015
Total of all active and inactive participants2017-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0118
Number of participants with account balances2017-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2016 401k membership
Total participants, beginning-of-year2016-01-0120
Total number of active participants reported on line 7a of the Form 55002016-01-0113
Number of other retired or separated participants entitled to future benefits2016-01-016
Total of all active and inactive participants2016-01-0119
Total participants2016-01-0119
Number of participants with account balances2016-01-0117
2015: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2015 401k membership
Total participants, beginning-of-year2015-01-0121
Total number of active participants reported on line 7a of the Form 55002015-01-0113
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-017
Total of all active and inactive participants2015-01-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0120
Number of participants with account balances2015-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011
2014: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2014 401k membership
Total participants, beginning-of-year2014-01-0122
Total number of active participants reported on line 7a of the Form 55002014-01-0115
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-016
Total of all active and inactive participants2014-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0121
Number of participants with account balances2014-01-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2013 401k membership
Total participants, beginning-of-year2013-01-0123
Total number of active participants reported on line 7a of the Form 55002013-01-0116
Number of other retired or separated participants entitled to future benefits2013-01-016
Total of all active and inactive participants2013-01-0122
Total participants2013-01-0122
Number of participants with account balances2013-01-0122
2012: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2012 401k membership
Total participants, beginning-of-year2012-01-0122
Total number of active participants reported on line 7a of the Form 55002012-01-0119
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-014
Total of all active and inactive participants2012-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0123
Number of participants with account balances2012-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2011 401k membership
Total participants, beginning-of-year2011-01-0121
Total number of active participants reported on line 7a of the Form 55002011-01-0118
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-014
Total of all active and inactive participants2011-01-0122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0122
Number of participants with account balances2011-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2009 401k membership
Total participants, beginning-of-year2009-01-0129
Total number of active participants reported on line 7a of the Form 55002009-01-0119
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0124
Number of participants with account balances2009-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES

Measure Date Value
2017 : BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2017 401k financial data
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$499,181
Expenses. Total of all expenses incurred2017-12-31$669,779
Benefits paid (including direct rollovers)2017-12-31$667,319
Total plan assets at end of year2017-12-31$2,361,010
Total plan assets at beginning of year2017-12-31$2,531,608
Value of fidelity bond covering the plan2017-12-31$500,000
Total contributions received or receivable from participants2017-12-31$92,739
Contributions received from other sources (not participants or employers)2017-12-31$27,554
Other income received2017-12-31$308,822
Net income (gross income less expenses)2017-12-31$-170,598
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,361,010
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,531,608
Assets. Value of participant loans2017-12-31$39,781
Total contributions received or receivable from employer(s)2017-12-31$70,066
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$2,460
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$278,362
Expenses. Total of all expenses incurred2016-12-31$492,033
Benefits paid (including direct rollovers)2016-12-31$482,314
Total plan assets at end of year2016-12-31$2,520,608
Total plan assets at beginning of year2016-12-31$2,734,279
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$70,933
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$782
Other income received2016-12-31$160,314
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$-213,671
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,520,608
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,734,279
Assets. Value of participant loans2016-12-31$44,200
Total contributions received or receivable from employer(s)2016-12-31$46,333
Value of certain deemed distributions of participant loans2016-12-31$3,420
Value of corrective distributions2016-12-31$6,049
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$250
2015 : BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$107,628
Expenses. Total of all expenses incurred2015-12-31$125,157
Benefits paid (including direct rollovers)2015-12-31$121,515
Total plan assets at end of year2015-12-31$2,734,279
Total plan assets at beginning of year2015-12-31$2,751,808
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$69,547
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-16,383
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-17,529
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,734,279
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,751,808
Assets. Value of participant loans2015-12-31$82,948
Total contributions received or receivable from employer(s)2015-12-31$54,464
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$3,142
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$500
2014 : BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$233,075
Expenses. Total of all expenses incurred2014-12-31$111,723
Benefits paid (including direct rollovers)2014-12-31$111,223
Total plan assets at end of year2014-12-31$2,751,808
Total plan assets at beginning of year2014-12-31$2,630,456
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$65,601
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$109,806
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$121,352
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,751,808
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,630,456
Assets. Value of participant loans2014-12-31$87,735
Total contributions received or receivable from employer(s)2014-12-31$57,668
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$500
2013 : BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$364,448
Expenses. Total of all expenses incurred2013-12-31$429,165
Benefits paid (including direct rollovers)2013-12-31$428,915
Total plan assets at end of year2013-12-31$2,630,456
Total plan assets at beginning of year2013-12-31$2,695,173
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$46,754
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$251,360
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$-64,717
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,630,456
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,695,173
Assets. Value of participant loans2013-12-31$62,180
Total contributions received or receivable from employer(s)2013-12-31$66,334
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$250
2012 : BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2012 401k financial data
Total income from all sources2012-12-31$463,024
Expenses. Total of all expenses incurred2012-12-31$309,189
Benefits paid (including direct rollovers)2012-12-31$308,114
Total plan assets at end of year2012-12-31$2,695,173
Total plan assets at beginning of year2012-12-31$2,541,338
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$67,472
Contributions received from other sources (not participants or employers)2012-12-31$60,894
Other income received2012-12-31$262,491
Net income (gross income less expenses)2012-12-31$153,835
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,695,173
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,541,338
Assets. Value of participant loans2012-12-31$95,214
Total contributions received or receivable from employer(s)2012-12-31$72,167
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,075
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2011 401k financial data
Total income from all sources2011-12-31$151,113
Expenses. Total of all expenses incurred2011-12-31$926,131
Benefits paid (including direct rollovers)2011-12-31$922,786
Total plan assets at end of year2011-12-31$2,541,338
Total plan assets at beginning of year2011-12-31$3,316,356
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$99,036
Other income received2011-12-31$-4,481
Net income (gross income less expenses)2011-12-31$-775,018
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,541,338
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$3,316,356
Assets. Value of participant loans2011-12-31$76,240
Total contributions received or receivable from employer(s)2011-12-31$56,558
Value of corrective distributions2011-12-31$2,920
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$425
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2010 401k financial data
Total income from all sources2010-12-31$548,236
Expenses. Total of all expenses incurred2010-12-31$512,775
Benefits paid (including direct rollovers)2010-12-31$501,497
Total plan assets at end of year2010-12-31$3,316,356
Total plan assets at beginning of year2010-12-31$3,280,895
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$97,351
Other income received2010-12-31$379,061
Net income (gross income less expenses)2010-12-31$35,461
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,316,356
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,280,895
Assets. Value of participant loans2010-12-31$73,796
Total contributions received or receivable from employer(s)2010-12-31$71,824
Value of corrective distributions2010-12-31$10,753
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$525
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES

2017: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: BABBITT BEARINGS SAVINGS & RETIREMENT PLAN FOR SALARIED EMPLOYEES 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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