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FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 401k Plan overview

Plan NameFLEX-N-GATE SHELBY UNION #400 401(K) PLAN
Plan identification number 001

FLEX-N-GATE SHELBY UNION #400 401(K) 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.
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FLEX-N-GATE SHELBY LLC has sponsored the creation of one or more 401k plans.

Company Name:FLEX-N-GATE SHELBY LLC
Employer identification number (EIN):813491503
NAIC Classification:336300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FLEX-N-GATE SHELBY UNION #400 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01

Plan Statistics for FLEX-N-GATE SHELBY UNION #400 401(K) PLAN

401k plan membership statisitcs for FLEX-N-GATE SHELBY UNION #400 401(K) PLAN

Measure Date Value
2023: FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01304
Total number of active participants reported on line 7a of the Form 55002023-01-01344
Number of retired or separated participants receiving benefits2023-01-012
Number of other retired or separated participants entitled to future benefits2023-01-0170
Total of all active and inactive participants2023-01-01416
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01416
Number of participants with account balances2023-01-01200
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01280
Total number of active participants reported on line 7a of the Form 55002022-01-01216
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-0172
Total of all active and inactive participants2022-01-01290
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01290
Number of participants with account balances2022-01-01200
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01253
Total number of active participants reported on line 7a of the Form 55002021-01-01195
Number of retired or separated participants receiving benefits2021-01-015
Number of other retired or separated participants entitled to future benefits2021-01-0162
Total of all active and inactive participants2021-01-01262
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01262
Number of participants with account balances2021-01-01186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01265
Total number of active participants reported on line 7a of the Form 55002020-01-01197
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-0139
Total of all active and inactive participants2020-01-01237
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01237
Number of participants with account balances2020-01-01153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on FLEX-N-GATE SHELBY UNION #400 401(K) PLAN

Measure Date Value
2023 : FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total transfer of assets to this plan2023-12-31$0
Total transfer of assets from this plan2023-12-31$54,079
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$854,978
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$218,528
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$210,623
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$582,652
Value of total assets at end of year2023-12-31$2,148,176
Value of total assets at beginning of year2023-12-31$1,565,805
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$7,905
Total interest from all sources2023-12-31$3,999
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$48,195
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$48,195
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$10,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$335,984
Participant contributions at end of year2023-12-31$82,417
Participant contributions at beginning of year2023-12-31$56,907
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$19,286
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$636,450
Value of net assets at end of year (total assets less liabilities)2023-12-31$2,148,176
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$1,565,805
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$213
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$1,838,279
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$1,273,567
Interest on participant loans2023-12-31$3,999
Value of interest in common/collective trusts at end of year2023-12-31$98
Value of interest in common/collective trusts at beginning of year2023-12-31$100
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$220,099
Net investment gain or loss from common/collective trusts2023-12-31$33
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$227,382
Employer contributions (assets) at end of year2023-12-31$227,382
Employer contributions (assets) at beginning of year2023-12-31$235,231
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$210,623
Contract administrator fees2023-12-31$5,141
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2023-12-31410746749
2022 : FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$376,976
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$145,888
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$136,806
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$584,902
Value of total assets at end of year2022-12-31$1,565,805
Value of total assets at beginning of year2022-12-31$1,334,717
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$9,082
Total interest from all sources2022-12-31$956
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$44,568
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$44,568
Administrative expenses professional fees incurred2022-12-31$180
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$349,671
Participant contributions at end of year2022-12-31$56,907
Participant contributions at beginning of year2022-12-31$26,322
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$231,088
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,565,805
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$1,334,717
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$107
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$1,273,567
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$1,084,694
Interest on participant loans2022-12-31$956
Value of interest in common/collective trusts at end of year2022-12-31$100
Value of interest in common/collective trusts at beginning of year2022-12-31$15,066
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-253,477
Net investment gain or loss from common/collective trusts2022-12-31$27
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$235,231
Employer contributions (assets) at end of year2022-12-31$235,231
Employer contributions (assets) at beginning of year2022-12-31$208,635
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$136,806
Contract administrator fees2022-12-31$8,795
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2022-12-31410746749
2021 : FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$615,278
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$167,178
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$159,782
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$495,617
Value of total assets at end of year2021-12-31$1,334,717
Value of total assets at beginning of year2021-12-31$886,617
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$7,396
Total interest from all sources2021-12-31$362
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$25,025
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$25,025
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$283,808
Participant contributions at end of year2021-12-31$26,322
Participant contributions at beginning of year2021-12-31$12,736
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$3,174
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$448,100
Value of net assets at end of year (total assets less liabilities)2021-12-31$1,334,717
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$886,617
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$1,084,694
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$712,189
Interest on participant loans2021-12-31$362
Value of interest in common/collective trusts at end of year2021-12-31$15,066
Value of interest in common/collective trusts at beginning of year2021-12-31$7,170
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$94,241
Net investment gain or loss from common/collective trusts2021-12-31$33
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$208,635
Employer contributions (assets) at end of year2021-12-31$208,635
Employer contributions (assets) at beginning of year2021-12-31$154,522
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$159,782
Contract administrator fees2021-12-31$7,396
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2021-12-31410746749
2020 : FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$465,710
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$488,057
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$67,150
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$62,051
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$353,935
Value of total assets at end of year2020-12-31$886,617
Value of total assets at beginning of year2020-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$5,099
Total interest from all sources2020-12-31$1,212
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$17,585
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$17,585
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$199,413
Participant contributions at end of year2020-12-31$12,736
Participant contributions at beginning of year2020-12-31$0
Assets. Loans (other than to participants) at end of year2020-12-31$0
Assets. Loans (other than to participants) at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$420,907
Value of net assets at end of year (total assets less liabilities)2020-12-31$886,617
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$712,189
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$0
Interest on participant loans2020-12-31$1,212
Value of interest in common/collective trusts at end of year2020-12-31$7,170
Value of interest in common/collective trusts at beginning of year2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$113,545
Net investment gain or loss from common/collective trusts2020-12-31$1,780
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$154,522
Employer contributions (assets) at end of year2020-12-31$154,522
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$62,051
Contract administrator fees2020-12-31$5,099
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2020-12-31410746749

Form 5500 Responses for FLEX-N-GATE SHELBY UNION #400 401(K) PLAN

2023: FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: FLEX-N-GATE SHELBY UNION #400 401(K) 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 filingNo
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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FLEX-N-GATE SHELBY UNION #400 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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