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FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT PLAN 401k Plan overview

Plan NameFADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT PLAN
Plan identification number 510

FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)

401k Sponsoring company profile

FADDIS CONCRETE PRODUCTS INC. has sponsored the creation of one or more 401k plans.

Company Name:FADDIS CONCRETE PRODUCTS INC.
Employer identification number (EIN):871233675
NAIC Classification:327300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5102024-01-01ALBERT TRIBUNO
5102023-01-01
5102023-01-01ALBERT TRIBUNO
5102022-01-01
5102022-01-01ALBERT TRIBUNO
5102021-01-01
5102021-01-01ALBERT TRIBUNO

Financial Data on FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT PLAN

Measure Date Value
2024 : FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT PLAN 2024 401k financial data
Total plan liabilities at end of year2024-01-01$260,277
Total plan liabilities at beginning of year2024-01-01$105,489
Total income from all sources2024-01-01$1,191,085
Expenses. Total of all expenses incurred2024-01-01$1,278,179
Benefits paid (including direct rollovers)2024-01-01$808,800
Total plan assets at end of year2024-01-01$68,270
Total plan assets at beginning of year2024-01-01$576
Value of fidelity bond covering the plan2024-01-01$500,000
Total contributions received or receivable from participants2024-01-01$334,943
Expenses. Other expenses not covered elsewhere2024-01-01$433,246
Contributions received from other sources (not participants or employers)2024-01-01$0
Other income received2024-01-01$1,562
Noncash contributions received2024-01-01$0
Net income (gross income less expenses)2024-01-01$-87,094
Net plan assets at end of year (total assets less liabilities)2024-01-01$-192,007
Net plan assets at beginning of year (total assets less liabilities)2024-01-01$-104,913
Total contributions received or receivable from employer(s)2024-01-01$854,580
Value of certain deemed distributions of participant loans2024-01-01$0
Value of corrective distributions2024-01-01$0
Expenses. Administrative service providers (salaries,fees and commissions)2024-01-01$36,133
2023 : FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$105,489
Total plan liabilities at beginning of year2023-12-31$70,610
Total income from all sources2023-12-31$898,461
Expenses. Total of all expenses incurred2023-12-31$947,480
Benefits paid (including direct rollovers)2023-12-31$551,388
Total plan assets at end of year2023-12-31$576
Total plan assets at beginning of year2023-12-31$14,716
Value of fidelity bond covering the plan2023-12-31$50,000
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$363,688
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$666
Net income (gross income less expenses)2023-12-31$-49,019
Net plan assets at end of year (total assets less liabilities)2023-12-31$-104,913
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$-55,894
Total contributions received or receivable from employer(s)2023-12-31$897,795
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$32,404
2022 : FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$70,610
Total plan liabilities at beginning of year2022-12-31$52,619
Total income from all sources2022-12-31$827,572
Expenses. Total of all expenses incurred2022-12-31$1,162,621
Benefits paid (including direct rollovers)2022-12-31$525,104
Total plan assets at end of year2022-12-31$14,716
Total plan assets at beginning of year2022-12-31$331,774
Value of fidelity bond covering the plan2022-12-31$50,000
Total contributions received or receivable from participants2022-12-31$313,966
Expenses. Other expenses not covered elsewhere2022-12-31$328,463
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-335,049
Net plan assets at end of year (total assets less liabilities)2022-12-31$-55,894
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$279,155
Total contributions received or receivable from employer(s)2022-12-31$513,606
Value of corrective distributions2022-12-31$275,000
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$34,054
2021 : FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$52,619
Total plan liabilities at beginning of year2021-12-31$48,103
Total income from all sources2021-12-31$903,261
Expenses. Total of all expenses incurred2021-12-31$816,941
Benefits paid (including direct rollovers)2021-12-31$455,696
Total plan assets at end of year2021-12-31$331,774
Total plan assets at beginning of year2021-12-31$240,938
Value of fidelity bond covering the plan2021-12-31$50,000
Total contributions received or receivable from participants2021-12-31$347,521
Expenses. Other expenses not covered elsewhere2021-12-31$324,400
Contributions received from other sources (not participants or employers)2021-12-31$16,015
Net income (gross income less expenses)2021-12-31$86,320
Net plan assets at end of year (total assets less liabilities)2021-12-31$279,155
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$192,835
Total contributions received or receivable from employer(s)2021-12-31$539,725
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$36,845

Form 5500 Responses for FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT PLAN

2023: FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT 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 – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT 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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FADDIS CONCRETE PRODUCTS, INC. EMPLOYEE BENEFIT 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 funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30500066
Policy instance 1
Insurance contract or identification number30500066
Number of Individuals Covered75
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
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
Welfare Benefit Premiums Paid to CarrierUSD $321,290
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30500066
Policy instance 1
Insurance contract or identification number30500066
Number of Individuals Covered70
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
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
Welfare Benefit Premiums Paid to CarrierUSD $281,085
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30500066
Policy instance 1

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