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PIPE CRAFT INC SAVINGS PLAN 401k Plan overview

Plan NamePIPE CRAFT INC SAVINGS PLAN
Plan identification number 001

PIPE CRAFT INC SAVINGS PLAN Benefits

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

PIPE CRAFT INC has sponsored the creation of one or more 401k plans.

Company Name:PIPE CRAFT INC
Employer identification number (EIN):832329549
NAIC Classification:238220
NAIC Description:Plumbing, Heating, and Air-Conditioning Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PIPE CRAFT INC SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01ERIC HADDOCK2022-07-19
0012020-01-01ERIC HADDOCK2021-07-21
0012019-01-01

Plan Statistics for PIPE CRAFT INC SAVINGS PLAN

401k plan membership statisitcs for PIPE CRAFT INC SAVINGS PLAN

Measure Date Value
2021: PIPE CRAFT INC SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0111
Total number of active participants reported on line 7a of the Form 55002021-01-019
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-012
Total of all active and inactive participants2021-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0111
Number of participants with account balances2021-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PIPE CRAFT INC SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0111
Total number of active participants reported on line 7a of the Form 55002020-01-0111
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0111
Number of participants with account balances2020-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on PIPE CRAFT INC SAVINGS PLAN

Measure Date Value
2021 : PIPE CRAFT INC SAVINGS PLAN 2021 401k financial data
Total income from all sources2021-12-31$436,528
Expenses. Total of all expenses incurred2021-12-31$12,876
Total plan assets at end of year2021-12-31$999,095
Total plan assets at beginning of year2021-12-31$575,443
Total contributions received or receivable from participants2021-12-31$82,892
Other income received2021-12-31$97,690
Net income (gross income less expenses)2021-12-31$423,652
Net plan assets at end of year (total assets less liabilities)2021-12-31$999,095
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$575,443
Assets. Value of participant loans2021-12-31$4,417
Total contributions received or receivable from employer(s)2021-12-31$255,946
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$12,876
2020 : PIPE CRAFT INC SAVINGS PLAN 2020 401k financial data
Total income from all sources2020-12-31$380,934
Expenses. Total of all expenses incurred2020-12-31$8,032
Total plan assets at end of year2020-12-31$575,443
Total plan assets at beginning of year2020-12-31$202,541
Total contributions received or receivable from participants2020-12-31$82,453
Other income received2020-12-31$131,536
Net income (gross income less expenses)2020-12-31$372,902
Net plan assets at end of year (total assets less liabilities)2020-12-31$575,443
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$202,541
Assets. Value of participant loans2020-12-31$6,076
Total contributions received or receivable from employer(s)2020-12-31$166,945
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$8,032

Form 5500 Responses for PIPE CRAFT INC SAVINGS PLAN

2021: PIPE CRAFT INC SAVINGS 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 – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes
2020: PIPE CRAFT INC SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2020-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number809765-000
Policy instance 1
Insurance contract or identification number809765-000
Number of Individuals Covered11
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $4,602
Total amount of fees paid to insurance companyUSD $389
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $4,602
Insurance broker organization code?3
Amount paid for insurance broker fees389
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number809765-000
Policy instance 1
Insurance contract or identification number809765-000
Number of Individuals Covered11
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $142,810
Total amount of fees paid to insurance companyUSD $195
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $72,114
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerADVISOR
Insurance broker organization code?3

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