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BETTER METHODS SUPPLY COMPANY, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameBETTER METHODS SUPPLY COMPANY, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

BETTER METHODS SUPPLY COMPANY, INC. 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

BETTER METHODS SUPPLY COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:BETTER METHODS SUPPLY COMPANY, INC.
Employer identification number (EIN):362941716
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BETTER METHODS SUPPLY COMPANY, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MICHAEL SCHULZE2024-05-28 MICHAEL SCHULZE2024-05-28
0012022-01-01MICHAEL SCHULZE2023-10-05 MICHAEL SCHULZE2023-10-05
0012021-08-01MICHAEL SCHULZE2022-09-29 MICHAEL SCHULZE2022-09-29
0012020-08-01MICHAEL SCHULZE2022-05-04 MICHAEL SCHULZE2022-05-04
0012019-08-01MICHAEL SCHULZE2021-03-22 MICHAEL SCHULZE2021-03-22
0012018-08-01JOHN F. MANIERRE, JR.2019-11-21 JOHN F. MANIERRE, JR.2019-11-21
0012017-08-01JOHN MANIERRE2019-05-01 JOHN MANIERRE2019-05-01
0012016-08-01JOHN MANIERRE, JR.2017-10-27 JOHN MANIERRE, JR.2017-10-27
0012015-08-01JOHN F. MAINERRE, JR.2016-11-18 JOHN F. MAINERRE, JR.2016-11-18
0012014-08-01JOHN F. MANIERRE2015-11-23 JOHN F. MANIERRE2015-11-23
0012013-08-01JOHN MANIERRE, JR.2014-12-11 JOHN MANIERRE, JR.2014-12-11
0012012-08-01JOHN MANIERRE, JR.2013-11-07 JOHN MANIERRE, JR.2013-11-07
0012011-08-01JOHN MANIERRE2012-12-05 JOHN MANIERRE2012-12-05
0012010-08-01JOHN MANIERRE2012-04-11 JOHN MANIERRE2012-04-11

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