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GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameGMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN
Plan identification number 003

GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

GMS CONCRETE SPECIALISTS, INC has sponsored the creation of one or more 401k plans.

Company Name:GMS CONCRETE SPECIALISTS, INC
Employer identification number (EIN):860487400
NAIC Classification:236110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01

Plan Statistics for GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN

Measure Date Value
2025: GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-2496
Total number of particpants at end of year2025-09-2496
2024: GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1497
Total number of particpants at end of year2024-10-1497
2022: GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-311,235,233
Acturial value of plan assets2022-12-311,235,233
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3110
Fundng target for terminated vested participants2022-12-3141,948
Active participant vested funding target2022-12-311,253,974
Number of active participants2022-12-3187
Total funding liabilities for active participants2022-12-311,253,974
Total participant count2022-12-3197
Total funding target for all participants2022-12-311,295,922
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-31218,989
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31230,705
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31517,623
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31499,543
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31405,267
Net shortfall amortization installment of oustanding balance2022-12-3160,689
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31410,875
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31410,875
Contributions allocatedtoward minimum required contributions for current year2022-12-31499,543
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-31888,924
Acturial value of plan assets2021-12-31888,924
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-314
Fundng target for terminated vested participants2021-12-311,560
Active participant vested funding target2021-12-31735,900
Number of active participants2021-12-3148
Total funding liabilities for active participants2021-12-31735,900
Total participant count2021-12-3152
Total funding target for all participants2021-12-31737,460
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-3124,834
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3126,168
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31441,400
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31425,435
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31359,470
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31206,446
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31206,446
Contributions allocatedtoward minimum required contributions for current year2021-12-31425,435
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-31416,863
Acturial value of plan assets2020-12-31416,863
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-313
Fundng target for terminated vested participants2020-12-313,544
Active participant vested funding target2020-12-31393,757
Number of active participants2020-12-3150
Total funding liabilities for active participants2020-12-31393,757
Total participant count2020-12-3153
Total funding target for all participants2020-12-31397,301
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3185,077
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3189,756
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31431,332
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31415,675
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31413,947
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31390,841
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31390,841
Contributions allocatedtoward minimum required contributions for current year2020-12-31415,675
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-310
Acturial value of plan assets2019-12-310
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-310
Number of active participants2019-12-3154
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-3154
Total funding target for all participants2019-12-310
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31387,214
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31372,872
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31287,795
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31287,795
Additional cash requirement2019-12-31287,795
Contributions allocatedtoward minimum required contributions for current year2019-12-31372,872
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

Financial Data on GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN

Measure Date Value
2025 : GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-240
Total liabilities as of the end of the plan year2025-09-240
Total liabilities as of the beginning of the plan year2025-09-240
Total expenses incurred by plan in this plan year2025-09-2459617
Net assets as of the end of the plan year2025-09-243003078
Total assets as of the beginning of the plan year2025-09-242414551
Value of plan covered by a fidelity bond2025-09-24300000
Participant contributions to plan in this plan year2025-09-240
Other expenses paid from plan in this plan year2025-09-240
Other contributions to plan in this plan year2025-09-240
Other income to plan in this plan year2025-09-24137844
Plan net income in this plan year2025-09-24588527
Net assets as of the end of the plan year2025-09-243003078
Net assets as of the beginning of the plan year2025-09-242414551
Employer contributions to plan in this plan year2025-09-24510300
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-2421275
2024 : GMS CONCRETE SPECIALISTS, INC. DEFINED BENEFIT PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-140
Total liabilities as of the end of the plan year2024-10-140
Total liabilities as of the beginning of the plan year2024-10-140
Total expenses incurred by plan in this plan year2024-10-1414044
Net assets as of the end of the plan year2024-10-142414551
Total assets as of the beginning of the plan year2024-10-141752856
Value of plan covered by a fidelity bond2024-10-14242000
Participant contributions to plan in this plan year2024-10-140
Other expenses paid from plan in this plan year2024-10-140
Other contributions to plan in this plan year2024-10-140
Other income to plan in this plan year2024-10-14116339
Plan net income in this plan year2024-10-14661695
Net assets as of the end of the plan year2024-10-142414551
Net assets as of the beginning of the plan year2024-10-141752856
Employer contributions to plan in this plan year2024-10-14559400
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-1414044

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