Logo

IBC PROFIT SHARING AND SAVINGS PLAN 401k Plan overview

Plan NameIBC PROFIT SHARING AND SAVINGS PLAN
Plan identification number 001

IBC PROFIT SHARING AND SAVINGS 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.
  • 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.
  • Life insurance

401k Sponsoring company profile

INDUSTRIAL BRUSH CORP has sponsored the creation of one or more 401k plans.

Company Name:INDUSTRIAL BRUSH CORP
Employer identification number (EIN):954014833
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about INDUSTRIAL BRUSH CORP

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C1358917

More information about INDUSTRIAL BRUSH CORP

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IBC PROFIT SHARING AND SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01JOHN COTTAM2018-07-19 JOHN COTTAM2018-07-19
0012016-01-01JOHN L COTTAM2017-07-25 JOHN L COTTAM2017-07-25
0012015-01-01JOHN COTTAM2016-07-01
0012014-01-01JOHN COTTAM2015-07-13 JOHN COTTAM2015-07-13
0012013-01-01JOHN COTTAM2014-07-07 JOHN COTTAM2014-07-07
0012012-01-01JOHN COTTAM2013-07-17 JOHN COTTAM2013-07-17
0012011-01-01JOHN COTTAM2012-09-27 JOHN COTTAM2012-09-27
0012010-01-01JOHN COTTAM2011-10-13 JOHN COTTAM2011-10-13
0012009-01-01JOHN COTTAM
0012008-01-01JOHN L COTTAM JOHN L COTTAM2011-04-05

Plan Statistics for IBC PROFIT SHARING AND SAVINGS PLAN

401k plan membership statisitcs for IBC PROFIT SHARING AND SAVINGS PLAN

Measure Date Value
2009: IBC PROFIT SHARING AND SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0133
Total number of active participants reported on line 7a of the Form 55002009-01-0129
Number of retired or separated participants receiving benefits2009-01-011
Number of other retired or separated participants entitled to future benefits2009-01-014
Total of all active and inactive participants2009-01-0134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0134
Number of participants with account balances2009-01-0134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011
2008: IBC PROFIT SHARING AND SAVINGS PLAN 2008 401k membership
Total participants, beginning-of-year2008-01-0133
Total number of active participants reported on line 7a of the Form 55002008-01-0128
Number of retired or separated participants receiving benefits2008-01-011
Number of other retired or separated participants entitled to future benefits2008-01-014
Total of all active and inactive participants2008-01-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-01-010
Total participants2008-01-0133
Number of participants with account balances2008-01-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-011

Financial Data on IBC PROFIT SHARING AND SAVINGS PLAN

Measure Date Value
2009 : IBC PROFIT SHARING AND SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
2008 : IBC PROFIT SHARING AND SAVINGS PLAN 2008 401k financial data
Total income from all sources2008-12-31$-710,679
Expenses. Total of all expenses incurred2008-12-31$45,219
Benefits paid (including direct rollovers)2008-12-31$31,148
Total plan assets at end of year2008-12-31$3,045,822
Total plan assets at beginning of year2008-12-31$3,801,720
Value of fidelity bond covering the plan2008-12-31$400,000
Total contributions received or receivable from participants2008-12-31$170,106
Expenses. Other expenses not covered elsewhere2008-12-31$14,071
Contributions received from other sources (not participants or employers)2008-12-31$14,375
Other income received2008-12-31$-941,227
Net income (gross income less expenses)2008-12-31$-755,898
Net plan assets at end of year (total assets less liabilities)2008-12-31$3,045,822
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$3,801,720
Total contributions received or receivable from employer(s)2008-12-31$46,067
Value of certain deemed distributions of participant loans2008-12-31$0
Value of corrective distributions2008-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2008-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2008-12-31$0

Form 5500 Responses for IBC PROFIT SHARING AND SAVINGS PLAN

2009: IBC PROFIT SHARING AND SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes
2008: IBC PROFIT SHARING AND SAVINGS PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedNo
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – InsuranceYes
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement – InsuranceYes
2008-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberFL 9249
Policy instance 1
Insurance contract or identification numberFL 9249
Number of Individuals Covered33
Insurance policy start date2008-01-01
Insurance policy end date2008-12-31
Total amount of commissions paid to insurance brokerUSD $1,187
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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?Yes
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,187
Insurance broker organization code?1
Insurance broker namePARK AVENUE SECURITIES LLC

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1