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PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 401k Plan overview

Plan NamePETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN
Plan identification number 001

PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

PETRONE PICK-A-TOOL RENTAL CORP. has sponsored the creation of one or more 401k plans.

Company Name:PETRONE PICK-A-TOOL RENTAL CORP.
Employer identification number (EIN):363149116
NAIC Classification:532400
NAIC Description: Commercial and Industrial Machinery and Equipment Rental and Leasing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01DAVID A. PETRONE
0012017-01-01DAVID A. PETRONE
0012016-01-01DAVID A. PETRONE
0012015-01-01DAVID A. PETRONE
0012014-01-01DAVID A. PETRONE
0012013-01-01DAVID PETRONE
0012012-01-01DAVID PETRONE
0012009-01-01DAVID PETRONE

Plan Statistics for PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN

401k plan membership statisitcs for PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN

Measure Date Value
2021: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-016
Total number of active participants reported on line 7a of the Form 55002021-01-016
Total of all active and inactive participants2021-01-016
Total participants2021-01-016
Number of participants with account balances2021-01-010
2020: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-016
Total number of active participants reported on line 7a of the Form 55002020-01-016
Total of all active and inactive participants2020-01-016
Total participants2020-01-016
Number of participants with account balances2020-01-010
2019: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-017
Total number of active participants reported on line 7a of the Form 55002019-01-016
Total of all active and inactive participants2019-01-016
Total participants2019-01-016
2018: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-018
Total number of active participants reported on line 7a of the Form 55002018-01-017
Total of all active and inactive participants2018-01-017
Total participants2018-01-017
2017: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-018
Total number of active participants reported on line 7a of the Form 55002017-01-018
Total of all active and inactive participants2017-01-018
Total participants2017-01-018
2016: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0111
Total number of active participants reported on line 7a of the Form 55002016-01-018
Number of retired or separated participants receiving benefits2016-01-011
Total of all active and inactive participants2016-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-012
Total participants2016-01-0111
Number of participants with account balances2016-01-018
2015: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0112
Total number of active participants reported on line 7a of the Form 55002015-01-019
Number of retired or separated participants receiving benefits2015-01-012
Total of all active and inactive participants2015-01-0111
Total participants2015-01-0111
2014: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0113
Total number of active participants reported on line 7a of the Form 55002014-01-0110
Number of retired or separated participants receiving benefits2014-01-012
Total of all active and inactive participants2014-01-0112
Total participants2014-01-0112
Number of participants with account balances2014-01-0112
2013: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0113
Total number of active participants reported on line 7a of the Form 55002013-01-0111
Number of retired or separated participants receiving benefits2013-01-012
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0113
Number of participants with account balances2013-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0115
Total number of active participants reported on line 7a of the Form 55002012-01-0111
Number of retired or separated participants receiving benefits2012-01-012
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0113
Number of participants with account balances2012-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2009: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0116
Total number of active participants reported on line 7a of the Form 55002009-01-0113
Number of retired or separated participants receiving benefits2009-01-011
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-0116
Number of participants with account balances2009-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN

Measure Date Value
2023 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2023 401k financial data
Total income from all sources2023-12-31$233,344
Total plan assets at end of year2023-12-31$1,558,839
Total plan assets at beginning of year2023-12-31$1,325,495
Other income received2023-12-31$233,344
Net income (gross income less expenses)2023-12-31$233,344
Net plan assets at end of year (total assets less liabilities)2023-12-31$1,558,839
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,325,495
2021 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources2021-12-31$235,598
Expenses. Total of all expenses incurred2021-12-31$4,594
Benefits paid (including direct rollovers)2021-12-31$4,382
Total plan assets at end of year2021-12-31$1,580,634
Total plan assets at beginning of year2021-12-31$1,349,630
Expenses. Other expenses not covered elsewhere2021-12-31$212
Other income received2021-12-31$235,598
Net income (gross income less expenses)2021-12-31$231,004
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,580,634
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,349,630
2020 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at beginning of year2020-12-31$165,163
Total income from all sources2020-12-31$152,421
Expenses. Total of all expenses incurred2020-12-31$10,247
Benefits paid (including direct rollovers)2020-12-31$10,000
Total plan assets at end of year2020-12-31$1,349,630
Total plan assets at beginning of year2020-12-31$1,372,619
Expenses. Other expenses not covered elsewhere2020-12-31$247
Other income received2020-12-31$152,421
Net income (gross income less expenses)2020-12-31$142,174
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,349,630
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,207,456
2019 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$165,163
Total income from all sources2019-12-31$252,300
Expenses. Total of all expenses incurred2019-12-31$168,468
Benefits paid (including direct rollovers)2019-12-31$168,146
Total plan assets at end of year2019-12-31$1,372,619
Total plan assets at beginning of year2019-12-31$1,123,624
Expenses. Other expenses not covered elsewhere2019-12-31$322
Other income received2019-12-31$252,300
Net income (gross income less expenses)2019-12-31$83,832
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,207,456
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,123,624
2018 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$-56,866
Expenses. Total of all expenses incurred2018-12-31$114,962
Benefits paid (including direct rollovers)2018-12-31$113,786
Total plan assets at end of year2018-12-31$1,123,624
Total plan assets at beginning of year2018-12-31$1,295,452
Expenses. Other expenses not covered elsewhere2018-12-31$1,176
Other income received2018-12-31$-56,866
Net income (gross income less expenses)2018-12-31$-171,828
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,123,624
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,295,452
2017 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$214,791
Expenses. Total of all expenses incurred2017-12-31$318
Total plan assets at end of year2017-12-31$1,295,452
Total plan assets at beginning of year2017-12-31$1,080,979
Expenses. Other expenses not covered elsewhere2017-12-31$318
Other income received2017-12-31$214,791
Net income (gross income less expenses)2017-12-31$214,473
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,295,452
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,080,979
2016 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2016 401k financial data
Total plan liabilities at beginning of year2016-12-31$5,202
Total income from all sources2016-12-31$100,249
Expenses. Total of all expenses incurred2016-12-31$126,472
Benefits paid (including direct rollovers)2016-12-31$126,138
Total plan assets at end of year2016-12-31$1,080,979
Total plan assets at beginning of year2016-12-31$1,112,404
Expenses. Other expenses not covered elsewhere2016-12-31$334
Other income received2016-12-31$100,249
Net income (gross income less expenses)2016-12-31$-26,223
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,080,979
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,107,202
2015 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$5,202
Total plan liabilities at beginning of year2015-12-31$625
Expenses. Total of all expenses incurred2015-12-31$12,863
Benefits paid (including direct rollovers)2015-12-31$12,334
Total plan assets at end of year2015-12-31$1,112,404
Total plan assets at beginning of year2015-12-31$1,120,690
Expenses. Other expenses not covered elsewhere2015-12-31$529
Net income (gross income less expenses)2015-12-31$-12,863
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,107,202
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,120,065
Assets. Value of participant loans2015-12-31$268
2014 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$625
Total income from all sources2014-12-31$73,200
Expenses. Total of all expenses incurred2014-12-31$8,492
Benefits paid (including direct rollovers)2014-12-31$8,176
Total plan assets at end of year2014-12-31$1,120,690
Total plan assets at beginning of year2014-12-31$1,055,357
Expenses. Other expenses not covered elsewhere2014-12-31$316
Other income received2014-12-31$73,200
Net income (gross income less expenses)2014-12-31$64,708
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,120,065
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,055,357
Assets. Value of participant loans2014-12-31$4,131
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0
2013 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$6,150
Total income from all sources2013-12-31$199,467
Expenses. Total of all expenses incurred2013-12-31$4,491
Benefits paid (including direct rollovers)2013-12-31$4,150
Total plan assets at end of year2013-12-31$1,055,357
Total plan assets at beginning of year2013-12-31$866,531
Expenses. Other expenses not covered elsewhere2013-12-31$341
Other income received2013-12-31$199,467
Net income (gross income less expenses)2013-12-31$194,976
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,055,357
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$860,381
Assets. Value of participant loans2013-12-31$4,045
2012 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$6,150
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$113,225
Expenses. Total of all expenses incurred2012-12-31$86,193
Benefits paid (including direct rollovers)2012-12-31$85,808
Total plan assets at end of year2012-12-31$866,531
Total plan assets at beginning of year2012-12-31$833,349
Expenses. Other expenses not covered elsewhere2012-12-31$385
Other income received2012-12-31$113,225
Net income (gross income less expenses)2012-12-31$27,032
Net plan assets at end of year (total assets less liabilities)2012-12-31$860,381
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$833,349
Assets. Value of participant loans2012-12-31$6,038
2010 : PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$8,102
Total income from all sources2010-12-31$96,956
Expenses. Total of all expenses incurred2010-12-31$31,019
Benefits paid (including direct rollovers)2010-12-31$30,623
Total plan assets at end of year2010-12-31$850,496
Total plan assets at beginning of year2010-12-31$776,457
Expenses. Other expenses not covered elsewhere2010-12-31$396
Other income received2010-12-31$96,956
Net income (gross income less expenses)2010-12-31$65,937
Net plan assets at end of year (total assets less liabilities)2010-12-31$842,394
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$776,457
Assets. Value of participant loans2010-12-31$43,450

Form 5500 Responses for PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN

2021: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 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: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 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 is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2009: PETRONE PICK-A-TOOL RENTAL CORP. PROFIT SHARING PLAN 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 is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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