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PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 401k Plan overview

Plan NamePRUITT TOOL & SUPPLY CO., INC. 401K PLAN
Plan identification number 001

PRUITT TOOL & SUPPLY CO., INC. 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.

401k Sponsoring company profile

PRUITT TOOL & SUPPLY CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:PRUITT TOOL & SUPPLY CO., INC.
Employer identification number (EIN):710302004
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 PRUITT TOOL & SUPPLY CO., INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-11-01
0012020-11-01
0012019-11-01
0012018-11-01
0012017-11-01
0012016-11-01
0012015-11-01
0012014-11-01KELLI WHEELER
0012013-11-01KELLI WHEELER2015-05-28
0012012-11-01KELLI WHEELER2014-08-06
0012011-11-01KELLI WHEELER2013-08-14
0012010-11-01GEORGE JACKSON III2012-08-15
0012008-11-01

Plan Statistics for PRUITT TOOL & SUPPLY CO., INC. 401K PLAN

401k plan membership statisitcs for PRUITT TOOL & SUPPLY CO., INC. 401K PLAN

Measure Date Value
2021: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2021 401k membership
Total participants, beginning-of-year2021-11-01102
Total number of active participants reported on line 7a of the Form 55002021-11-0184
Number of other retired or separated participants entitled to future benefits2021-11-0115
Total of all active and inactive participants2021-11-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-11-011
Total participants2021-11-01100
Number of participants with account balances2021-11-0176
2020: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-11-0191
Total number of active participants reported on line 7a of the Form 55002020-11-0185
Number of retired or separated participants receiving benefits2020-11-010
Number of other retired or separated participants entitled to future benefits2020-11-0116
Total of all active and inactive participants2020-11-01101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-11-011
Total participants2020-11-01102
Number of participants with account balances2020-11-0178
2019: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-11-01109
Total number of active participants reported on line 7a of the Form 55002019-11-0169
Number of other retired or separated participants entitled to future benefits2019-11-0121
Total of all active and inactive participants2019-11-0190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-11-011
Total participants2019-11-0191
Number of participants with account balances2019-11-0181
2018: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-11-0197
Total number of active participants reported on line 7a of the Form 55002018-11-01100
Number of other retired or separated participants entitled to future benefits2018-11-018
Total of all active and inactive participants2018-11-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-11-011
Total participants2018-11-01109
Number of participants with account balances2018-11-0188
2017: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-11-0180
Total number of active participants reported on line 7a of the Form 55002017-11-0190
Number of other retired or separated participants entitled to future benefits2017-11-016
Total of all active and inactive participants2017-11-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-11-011
Total participants2017-11-0197
Number of participants with account balances2017-11-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-11-011
2016: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-11-0178
Total number of active participants reported on line 7a of the Form 55002016-11-0174
Number of other retired or separated participants entitled to future benefits2016-11-015
Total of all active and inactive participants2016-11-0179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-11-011
Total participants2016-11-0180
Number of participants with account balances2016-11-0174
2015: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-11-0193
Total number of active participants reported on line 7a of the Form 55002015-11-0170
Number of other retired or separated participants entitled to future benefits2015-11-018
Total of all active and inactive participants2015-11-0178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-11-011
Total participants2015-11-0179
Number of participants with account balances2015-11-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-11-016
2014: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2014 401k membership
Total participants, beginning-of-year2014-11-0197
Total number of active participants reported on line 7a of the Form 55002014-11-0187
Number of other retired or separated participants entitled to future benefits2014-11-016
Total of all active and inactive participants2014-11-0193
Total participants2014-11-0193
Number of participants with account balances2014-11-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-11-012

Financial Data on PRUITT TOOL & SUPPLY CO., INC. 401K PLAN

Measure Date Value
2022 : PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2022 401k financial data
Transfers to/from the plan2022-10-31$0
Total plan liabilities at end of year2022-10-31$0
Total plan liabilities at beginning of year2022-10-31$0
Total income from all sources2022-10-31$-622,473
Expenses. Total of all expenses incurred2022-10-31$376,821
Benefits paid (including direct rollovers)2022-10-31$340,829
Total plan assets at end of year2022-10-31$5,344,366
Total plan assets at beginning of year2022-10-31$6,343,660
Value of fidelity bond covering the plan2022-10-31$1,000,000
Assets. Value of tangible personal property2022-10-31$0
Total contributions received or receivable from participants2022-10-31$376,273
Assets. Value of loans (other than to participants)2022-10-31$0
Expenses. Other expenses not covered elsewhere2022-10-31$0
Contributions received from other sources (not participants or employers)2022-10-31$0
Other income received2022-10-31$-1,214,880
Noncash contributions received2022-10-31$0
Net income (gross income less expenses)2022-10-31$-999,294
Net plan assets at end of year (total assets less liabilities)2022-10-31$5,344,366
Net plan assets at beginning of year (total assets less liabilities)2022-10-31$6,343,660
Assets. Value of participant loans2022-10-31$66,514
Assets. Value of assets in partnership/joint-venture interests2022-10-31$0
Assets. Value of real-estate (other than employer real property)2022-10-31$0
Assets. Value of employer securities2022-10-31$0
Assets. Value of employer real property2022-10-31$0
Total contributions received or receivable from employer(s)2022-10-31$216,134
Value of certain deemed distributions of participant loans2022-10-31$0
Value of corrective distributions2022-10-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-10-31$35,992
2021 : PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2021 401k financial data
Transfers to/from the plan2021-10-31$0
Total plan liabilities at end of year2021-10-31$0
Total plan liabilities at beginning of year2021-10-31$0
Total income from all sources2021-10-31$1,967,562
Expenses. Total of all expenses incurred2021-10-31$330,741
Benefits paid (including direct rollovers)2021-10-31$304,374
Total plan assets at end of year2021-10-31$6,343,660
Total plan assets at beginning of year2021-10-31$4,706,839
Value of fidelity bond covering the plan2021-10-31$1,000,000
Total contributions received or receivable from participants2021-10-31$299,725
Expenses. Other expenses not covered elsewhere2021-10-31$0
Contributions received from other sources (not participants or employers)2021-10-31$0
Other income received2021-10-31$1,474,359
Noncash contributions received2021-10-31$0
Net income (gross income less expenses)2021-10-31$1,636,821
Net plan assets at end of year (total assets less liabilities)2021-10-31$6,343,660
Net plan assets at beginning of year (total assets less liabilities)2021-10-31$4,706,839
Assets. Value of participant loans2021-10-31$82,100
Total contributions received or receivable from employer(s)2021-10-31$193,478
Value of certain deemed distributions of participant loans2021-10-31$0
Value of corrective distributions2021-10-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-10-31$26,367
2020 : PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2020 401k financial data
Transfers to/from the plan2020-10-31$0
Total plan liabilities at end of year2020-10-31$0
Total plan liabilities at beginning of year2020-10-31$0
Total income from all sources2020-10-31$854,961
Expenses. Total of all expenses incurred2020-10-31$1,164,307
Benefits paid (including direct rollovers)2020-10-31$1,134,804
Total plan assets at end of year2020-10-31$4,706,839
Total plan assets at beginning of year2020-10-31$5,016,185
Value of fidelity bond covering the plan2020-10-31$1,000,000
Assets. Value of tangible personal property2020-10-31$0
Total contributions received or receivable from participants2020-10-31$332,964
Assets. Value of loans (other than to participants)2020-10-31$0
Expenses. Other expenses not covered elsewhere2020-10-31$0
Contributions received from other sources (not participants or employers)2020-10-31$0
Other income received2020-10-31$314,394
Noncash contributions received2020-10-31$0
Net income (gross income less expenses)2020-10-31$-309,346
Net plan assets at end of year (total assets less liabilities)2020-10-31$4,706,839
Net plan assets at beginning of year (total assets less liabilities)2020-10-31$5,016,185
Assets. Value of participant loans2020-10-31$59,737
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2020-10-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2020-10-31$0
Assets. Value of assets in partnership/joint-venture interests2020-10-31$0
Assets. Value of real-estate (other than employer real property)2020-10-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022020-10-31$0
Assets. Value of employer securities2020-10-31$0
Assets. Value of employer real property2020-10-31$0
Total contributions received or receivable from employer(s)2020-10-31$207,603
Value of certain deemed distributions of participant loans2020-10-31$4,581
Value of corrective distributions2020-10-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-10-31$24,922
2019 : PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2019 401k financial data
Transfers to/from the plan2019-10-31$0
Total plan liabilities at end of year2019-10-31$0
Total plan liabilities at beginning of year2019-10-31$0
Total income from all sources2019-10-31$1,023,180
Expenses. Total of all expenses incurred2019-10-31$123,579
Benefits paid (including direct rollovers)2019-10-31$99,767
Total plan assets at end of year2019-10-31$5,016,185
Total plan assets at beginning of year2019-10-31$4,116,584
Value of fidelity bond covering the plan2019-10-31$1,000,000
Total contributions received or receivable from participants2019-10-31$348,752
Expenses. Other expenses not covered elsewhere2019-10-31$0
Contributions received from other sources (not participants or employers)2019-10-31$12,210
Other income received2019-10-31$418,342
Noncash contributions received2019-10-31$0
Net income (gross income less expenses)2019-10-31$899,601
Net plan assets at end of year (total assets less liabilities)2019-10-31$5,016,185
Net plan assets at beginning of year (total assets less liabilities)2019-10-31$4,116,584
Assets. Value of participant loans2019-10-31$202,734
Total contributions received or receivable from employer(s)2019-10-31$243,876
Value of certain deemed distributions of participant loans2019-10-31$0
Value of corrective distributions2019-10-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-10-31$23,812
2015 : PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2015 401k financial data
Transfers to/from the plan2015-10-31$0
Total plan liabilities at end of year2015-10-31$0
Total plan liabilities at beginning of year2015-10-31$0
Total income from all sources2015-10-31$607,412
Expenses. Total of all expenses incurred2015-10-31$119,765
Benefits paid (including direct rollovers)2015-10-31$80,063
Total plan assets at end of year2015-10-31$2,783,129
Total plan assets at beginning of year2015-10-31$2,295,482
Value of fidelity bond covering the plan2015-10-31$1,000,000
Total contributions received or receivable from participants2015-10-31$221,414
Expenses. Other expenses not covered elsewhere2015-10-31$0
Contributions received from other sources (not participants or employers)2015-10-31$84,306
Other income received2015-10-31$48,788
Noncash contributions received2015-10-31$0
Net income (gross income less expenses)2015-10-31$487,647
Net plan assets at end of year (total assets less liabilities)2015-10-31$2,783,129
Net plan assets at beginning of year (total assets less liabilities)2015-10-31$2,295,482
Assets. Value of participant loans2015-10-31$85,189
Total contributions received or receivable from employer(s)2015-10-31$252,904
Value of certain deemed distributions of participant loans2015-10-31$0
Value of corrective distributions2015-10-31$29,392
Expenses. Administrative service providers (salaries,fees and commissions)2015-10-31$10,310

Form 5500 Responses for PRUITT TOOL & SUPPLY CO., INC. 401K PLAN

2021: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2021 form 5500 responses
2021-11-01Type of plan entitySingle employer plan
2021-11-01Submission has been amendedNo
2021-11-01This submission is the final filingNo
2021-11-01This return/report is a short plan year return/report (less than 12 months)No
2021-11-01Plan is a collectively bargained planNo
2021-11-01Plan funding arrangement – TrustYes
2021-11-01Plan benefit arrangement - TrustYes
2020: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2020 form 5500 responses
2020-11-01Type of plan entitySingle employer plan
2020-11-01Submission has been amendedNo
2020-11-01This submission is the final filingNo
2020-11-01This return/report is a short plan year return/report (less than 12 months)No
2020-11-01Plan is a collectively bargained planNo
2020-11-01Plan funding arrangement – TrustYes
2020-11-01Plan benefit arrangement - TrustYes
2019: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2019 form 5500 responses
2019-11-01Type of plan entitySingle employer plan
2019-11-01This submission is the final filingNo
2019-11-01Plan is a collectively bargained planNo
2019-11-01Plan funding arrangement – TrustYes
2019-11-01Plan benefit arrangement - TrustYes
2018: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2018 form 5500 responses
2018-11-01Type of plan entitySingle employer plan
2018-11-01Submission has been amendedNo
2018-11-01This submission is the final filingNo
2018-11-01This return/report is a short plan year return/report (less than 12 months)No
2018-11-01Plan is a collectively bargained planNo
2018-11-01Plan funding arrangement – TrustYes
2018-11-01Plan benefit arrangement - TrustYes
2017: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2017 form 5500 responses
2017-11-01Type of plan entitySingle employer plan
2017-11-01Submission has been amendedNo
2017-11-01This submission is the final filingNo
2017-11-01This return/report is a short plan year return/report (less than 12 months)No
2017-11-01Plan is a collectively bargained planNo
2017-11-01Plan funding arrangement – TrustYes
2017-11-01Plan benefit arrangement - TrustYes
2016: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2016 form 5500 responses
2016-11-01Type of plan entitySingle employer plan
2016-11-01Submission has been amendedNo
2016-11-01This submission is the final filingNo
2016-11-01This return/report is a short plan year return/report (less than 12 months)No
2016-11-01Plan is a collectively bargained planNo
2016-11-01Plan funding arrangement – TrustYes
2016-11-01Plan benefit arrangement - TrustYes
2015: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2015 form 5500 responses
2015-11-01Type of plan entitySingle employer plan
2015-11-01Submission has been amendedNo
2015-11-01This submission is the final filingNo
2015-11-01This return/report is a short plan year return/report (less than 12 months)No
2015-11-01Plan is a collectively bargained planNo
2015-11-01Plan funding arrangement – TrustYes
2015-11-01Plan benefit arrangement - TrustYes
2014: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2014 form 5500 responses
2014-11-01Type of plan entitySingle employer plan
2014-11-01Submission has been amendedNo
2014-11-01This submission is the final filingNo
2014-11-01This return/report is a short plan year return/report (less than 12 months)No
2014-11-01Plan is a collectively bargained planNo
2014-11-01Plan funding arrangement – InsuranceYes
2014-11-01Plan funding arrangement – TrustYes
2014-11-01Plan benefit arrangement – InsuranceYes
2014-11-01Plan benefit arrangement - TrustYes
2008: PRUITT TOOL & SUPPLY CO., INC. 401K PLAN 2008 form 5500 responses
2008-11-01Type of plan entitySingle employer plan
2008-11-01Submission has been amendedNo
2008-11-01This submission is the final filingNo
2008-11-01This return/report is a short plan year return/report (less than 12 months)No
2008-11-01Plan is a collectively bargained planNo

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number600294000
Policy instance 1
Insurance contract or identification number600294000
Number of Individuals Covered0
Insurance policy start date2013-11-01
Insurance policy end date2014-11-30
Total amount of commissions paid to insurance brokerUSD $10,231
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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 $6,528
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY INC

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