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BEAUTY BY IMAGINATION 401(K) PLAN 401k Plan overview

Plan NameBEAUTY BY IMAGINATION 401(K) PLAN
Plan identification number 001

BEAUTY BY IMAGINATION 401(K) 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.
  • 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.
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

J & D BRUSH ASSOCIATES, LLC has sponsored the creation of one or more 401k plans.

Company Name:J & D BRUSH ASSOCIATES, LLC
Employer identification number (EIN):820640629
NAIC Classification:424990
NAIC Description:Other Miscellaneous Nondurable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BEAUTY BY IMAGINATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012020-01-01
0012020-01-01
0012020-01-01DOMINGOS MARTINS2022-05-25

Plan Statistics for BEAUTY BY IMAGINATION 401(K) PLAN

401k plan membership statisitcs for BEAUTY BY IMAGINATION 401(K) PLAN

Measure Date Value
2022: BEAUTY BY IMAGINATION 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01278
Total number of active participants reported on line 7a of the Form 55002022-01-01202
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0163
Total of all active and inactive participants2022-01-01265
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01265
Number of participants with account balances2022-01-01244
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0152
2021: BEAUTY BY IMAGINATION 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01238
Total number of active participants reported on line 7a of the Form 55002021-01-01224
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0153
Total of all active and inactive participants2021-01-01277
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01277
Number of participants with account balances2021-01-01229
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0129
2020: BEAUTY BY IMAGINATION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01169
Total number of active participants reported on line 7a of the Form 55002020-01-01175
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0134
Total of all active and inactive participants2020-01-01209
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01209
Number of participants with account balances2020-01-01138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012

Financial Data on BEAUTY BY IMAGINATION 401(K) PLAN

Measure Date Value
2022 : BEAUTY BY IMAGINATION 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$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$465,721
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,329,419
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,098,134
Expenses. Certain deemed distributions of participant loans2022-12-31$25,292
Value of total corrective distributions2022-12-31$150,292
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,169,223
Value of total assets at end of year2022-12-31$8,442,301
Value of total assets at beginning of year2022-12-31$9,305,999
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$55,701
Total interest from all sources2022-12-31$4,204
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$23,550
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$23,550
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31Yes
Amount of non-exempt transactions with any party-in-interest2022-12-31$139,870
Contributions received from participants2022-12-31$1,380,727
Participant contributions at end of year2022-12-31$79,929
Participant contributions at beginning of year2022-12-31$78,876
Participant contributions at beginning of year2022-12-31$3,424
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$444,989
Administrative expenses (other) incurred2022-12-31$55,701
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-863,698
Value of net assets at end of year (total assets less liabilities)2022-12-31$8,442,301
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$9,305,999
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$697,452
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$524,338
Interest on participant loans2022-12-31$4,204
Value of interest in common/collective trusts at end of year2022-12-31$7,664,920
Value of interest in common/collective trusts at beginning of year2022-12-31$8,699,361
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-137,631
Net investment gain or loss from common/collective trusts2022-12-31$-1,593,625
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$343,507
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,098,134
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 name2022-12-31TMI CPA P.C.
Accountancy firm EIN2022-12-31472426908
2021 : BEAUTY BY IMAGINATION 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$3,435,562
Total transfer of assets from this plan2021-12-31$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$48,812
Total income from all sources (including contributions)2021-12-31$2,778,870
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,228,818
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,184,051
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,688,899
Value of total assets at end of year2021-12-31$9,305,999
Value of total assets at beginning of year2021-12-31$4,369,197
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$44,767
Total interest from all sources2021-12-31$4,301
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$32,240
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$32,240
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$433,000
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$1,202,793
Participant contributions at end of year2021-12-31$78,876
Participant contributions at beginning of year2021-12-31$81,606
Participant contributions at end of year2021-12-31$3,424
Participant contributions at beginning of year2021-12-31$3,424
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$123,443
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$48,812
Other income not declared elsewhere2021-12-31$2,614
Administrative expenses (other) incurred2021-12-31$44,767
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$1,550,052
Value of net assets at end of year (total assets less liabilities)2021-12-31$9,305,999
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$4,320,385
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$524,338
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$34,632
Interest on participant loans2021-12-31$4,301
Value of interest in common/collective trusts at end of year2021-12-31$8,699,361
Value of interest in common/collective trusts at beginning of year2021-12-31$4,247,361
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$14,961
Net investment gain or loss from common/collective trusts2021-12-31$1,035,855
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$362,663
Employer contributions (assets) at beginning of year2021-12-31$2,174
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,184,051
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 name2021-12-31TMI CPA P.C.
Accountancy firm EIN2021-12-31472426908
2020 : BEAUTY BY IMAGINATION 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$29,304
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$1,180,279
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$361,154
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$346,115
Value of total corrective distributions2020-12-31$48,811
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$687,430
Value of total assets at end of year2020-12-31$4,366,397
Value of total assets at beginning of year2020-12-31$3,517,968
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$15,039
Total interest from all sources2020-12-31$3,220
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$110
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$110
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$360,000
If this is an individual account plan, was there a blackout period2020-12-31Yes
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$513,851
Participant contributions at end of year2020-12-31$81,606
Participant contributions at beginning of year2020-12-31$45,576
Participant contributions at end of year2020-12-31$2,174
Participant contributions at beginning of year2020-12-31$13,071
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$2,830
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$48,812
Administrative expenses (other) incurred2020-12-31$15,039
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$819,125
Value of net assets at end of year (total assets less liabilities)2020-12-31$4,366,397
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,517,968
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$34,632
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,451,693
Value of interest in pooled separate accounts at beginning of year2020-12-31$3,417,576
Interest on participant loans2020-12-31$3,214
Value of interest in common/collective trusts at end of year2020-12-31$4,247,361
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$6
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$34,117
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$410,243
Net investment gain or loss from common/collective trusts2020-12-31$79,276
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$170,749
Employer contributions (assets) at end of year2020-12-31$624
Employer contributions (assets) at beginning of year2020-12-31$7,628
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$346,115
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31Yes
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 plan2020-12-31Unqualified
Accountancy firm name2020-12-31TMI CPA, P.C.
Accountancy firm EIN2020-12-31472426908

Form 5500 Responses for BEAUTY BY IMAGINATION 401(K) PLAN

2022: BEAUTY BY IMAGINATION 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: BEAUTY BY IMAGINATION 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: BEAUTY BY IMAGINATION 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedYes
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

Insurance Providers Used on plan

LINCOLN LIFE AND ANNUITY CO OF NY (National Association of Insurance Commissioners NAIC id number: 62057 )
Policy contract number
Policy instance 1
Number of Individuals Covered0
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $12,790
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
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
Commission paid to Insurance BrokerUSD $9,408
Insurance broker organization code?4
Amount paid for insurance broker fees0

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