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TOWN & COUNTRY LINEN CORPORATION DEFINED BENEFIT PLAN 401k Plan overview

Plan NameTOWN & COUNTRY LINEN CORPORATION DEFINED BENEFIT PLAN
Plan identification number 002

TOWN & COUNTRY LINEN CORPORATION DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.

401k Sponsoring company profile

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

Company Name:D&J NY HOLDING LLC
Employer identification number (EIN):205876808
NAIC Classification:424990
NAIC Description:Other Miscellaneous Nondurable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TOWN & COUNTRY LINEN CORPORATION DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01DAVID BEYDA2023-10-13 DAVID BEYDA2023-10-13
0022021-01-01DAVID BEYDA2022-10-11 DAVID BEYDA2022-10-11
0022020-01-01RACHEL BARNETT2021-10-05 RACHEL BARNETT2021-10-05
0022018-01-01RACHEL BARNETT2019-05-29 RACHEL BARNETT2019-05-29

Financial Data on TOWN & COUNTRY LINEN CORPORATION DEFINED BENEFIT PLAN

Measure Date Value
2022 : TOWN & COUNTRY LINEN CORPORATION DEFINED BENEFIT PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$58
Expenses. Total of all expenses incurred2022-12-31$1,982,747
Benefits paid (including direct rollovers)2022-12-31$1,982,747
Total plan assets at end of year2022-12-31$0
Total plan assets at beginning of year2022-12-31$1,982,689
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$58
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-1,982,689
Net plan assets at end of year (total assets less liabilities)2022-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,982,689
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
Total transfers to/from plan in this plan year2022-10-120
Total liabilities as of the end of the plan year2022-10-120
Total liabilities as of the beginning of the plan year2022-10-120
Total expenses incurred by plan in this plan year2022-10-1299852
Net assets as of the end of the plan year2022-10-121982689
Total assets as of the beginning of the plan year2022-10-121802367
Value of plan covered by a fidelity bond2022-10-12500000
Participant contributions to plan in this plan year2022-10-120
Other expenses paid from plan in this plan year2022-10-120
Other contributions to plan in this plan year2022-10-120
Other income to plan in this plan year2022-10-12280174
Plan net income in this plan year2022-10-12180322
Net assets as of the end of the plan year2022-10-121982689
Net assets as of the beginning of the plan year2022-10-121802367
Employer contributions to plan in this plan year2022-10-120
Fees paid to broker by Benefit Provider2022-10-124999
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-122070

Form 5500 Responses for TOWN & COUNTRY LINEN CORPORATION DEFINED BENEFIT PLAN

2022: TOWN & COUNTRY LINEN CORPORATION DEFINED BENEFIT 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 filingYes
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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number6219906
Policy instance 1
Insurance contract or identification number6219906
Number of Individuals Covered1
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )
Policy contract number93180539
Policy instance 2
Insurance contract or identification number93180539
Number of Individuals Covered1
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0

Potentially related plans

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