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YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN 401k Plan overview

Plan NameYOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN
Plan identification number 001

YOUNGBLOOD & SONS ENTERPRISES INC. 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

YOUNGBLOOD & SONS ENTERPRISES INC. has sponsored the creation of one or more 401k plans.

Company Name:YOUNGBLOOD & SONS ENTERPRISES INC.
Employer identification number (EIN):880619988
NAIC Classification:238290
NAIC Description:Other Building Equipment Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-02-11

Plan Statistics for YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN

401k plan membership statisitcs for YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN

Measure Date Value
2023: YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-010
Total number of active participants reported on line 7a of the Form 55002023-01-013
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-013
Number of participants with account balances2023-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-02-110
Total number of active participants reported on line 7a of the Form 55002022-02-111
Number of retired or separated participants receiving benefits2022-02-110
Number of other retired or separated participants entitled to future benefits2022-02-110
Total of all active and inactive participants2022-02-111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-02-110
Total participants2022-02-111
Number of participants with account balances2022-02-111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-02-110

Financial Data on YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN

Measure Date Value
2023 : YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$-12,053
Expenses. Total of all expenses incurred2023-12-31$0
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$98,819
Total plan assets at beginning of year2023-12-31$110,872
Value of fidelity bond covering the plan2023-12-31$385,000
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$-12,053
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$-12,053
Net plan assets at end of year (total assets less liabilities)2023-12-31$98,819
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$110,872
Assets. Value of employer securities2023-12-31$98,819
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$0
2022 : YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN 2022 401k financial data
Total income from all sources2022-12-31$110,872
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$110,872
Contributions received from other sources (not participants or employers)2022-12-31$199,875
Other income received2022-12-31$-89,003
Net income (gross income less expenses)2022-12-31$110,872
Net plan assets at end of year (total assets less liabilities)2022-12-31$110,872
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$0
Assets. Value of employer securities2022-12-31$110,871

Form 5500 Responses for YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN

2023: YOUNGBLOOD & SONS ENTERPRISES INC. 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: YOUNGBLOOD & SONS ENTERPRISES INC. 401(K) PLAN 2022 form 5500 responses
2022-02-11Type of plan entitySingle employer plan
2022-02-11First time form 5500 has been submittedYes
2022-02-11Submission has been amendedNo
2022-02-11This submission is the final filingNo
2022-02-11This return/report is a short plan year return/report (less than 12 months)Yes
2022-02-11Plan is a collectively bargained planNo
2022-02-11Plan funding arrangement – TrustYes
2022-02-11Plan benefit arrangement - TrustYes

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