2025-01-31T14:38:30+00:00 2023-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-01-01 630819083 TRACTOR & EQUIPMENT HEALTH CARE TRUST TRAC 2055912131 5336 AIRPORT HIGHWAY Birmingham AL 35212 James W Steele Jr Secretary/Treasurer Plan Sponsor 2055912131 2025-01-31 true true Amy Bibby P00445891 8282542254 2025-01-31 2023 2025-03-06 01:10:19Z James W Steele Jr 5336 AIRPORT HIGHWAY Birmingham AL 35212 9119408 false X N/A X 1987 AL TO PROVIDE BENEFITS FOR ELIGIBLE EMPLOYEES, RETIREES AND THEIR DEPENDENTS. 3 1 0 0 0 0 0 0 6641578 8926225 222165 193183 0 0 6863743 9119408 0 0 6307910 8183469 0 0 0 0 0 484704 796771 6792614 8980240 71129 139168 5492825 6295947 598000 642000 4894825 5653947 TO PROVIDE FUNDING FOR BENEFITS (MEDICAL, LIFE, HEALTH, ACCIDENT AND SIMILAR BENEFITS) FOR ELIGIBLE EMPLOYEES, RETIREES, AND THEIR DEPENDENTS, IN ACCORDANCE WITH THE EMPLOYEE BENEFIT PLAN. false false N/A 0 false false false false false false false false false false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 3 1 false false false false false false false false false false false true false false false false false false X James W Steele Jr 2055100515 PO Box 12326 Birmingham AL 35202 Blue Cross Blue Shield Plan Administrator 1.0 X 0 0 0 Regions Bank Trustee 1.0 X 0 0 0 James W Steele Jr Sec. Treas. Plan Sponsor 1.0 50.0 X 0 570169 53557 0 570169 53557 0 false true false 0 0 Participant Contributions 561000 4120324 4120324 Employer Contributions 561000 4805901 4805901 0 0 0 0 8926225 155916 155916 0 0 37267 37267 0 37267 37267 0 0 0 0 0 9119408 8926225 0 193183 8183469 796771 0 8980240 23037 38600 0 0 0 0 0 5468501 6033741 0 0 1287 223606 5492825 6295947 0 598000 642000 598000 642000 X 4894825 5653947 4894825 5653947 5492825 6295947 139168 619954 0 X X false true X true false CLAIMS PAYABLE 642000 642000 X 9739362 619954 0 619954 9119408 0 0 9119408 8936240 0 0 8936240 44000 44000 8980240 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS IS QUALIFIED PURSUANT TO SECTION 501(C) 9 OF THE INTERNAL REVENUE CODE ("IRC"), AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST HAS OBTAINED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") AND THE PLAN SPONSOR BELIEVES THAT THE TRUST CONTINUES TO QUALIFY AND TO OPERATE IN ACCORDANCE WITH THE APPLICABLE PROVISIONS OF THE IRC. HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2023 OR 2022 FOR UNRELATED BUSINESS TAXABLE INCOME. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Adjustment to Claims Payable - 44000 false false false James W Steele Jr Sec. Treas. Plan Sponsor 0 570169 0 0 0 0 0 30000 0 23557 0 623726 0 0 Form 990, Part VI, Line 18 PHOTOCOPIES OF THE FORM 1023 AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE PLAN SPONSOR. RECENT FILINGS OF THE FORM 990 CAN BE ACCESSED THROUGH GUIDESTAR.ORG, A NON-PROFIT ORGANIZATION. Form 990, Part VI, Line 12a BASED ON THE ORGANIZATION'S FACTS AND CIRCUMSTANCES, INCLUDING ITS SIZE, TYPE, AND CULTURE, THE ORGANIZATION HAS DECIDED NOT TO ADOPT THIS AND OTHER POLICIES AND PRACTICES INCLUDED ON THE FORM 990. Form 990, Part VI, Line 8a Documentation of meetings held by governing body COMPLETED AUDIT REPORT AND FORM 990 ARE REVIEWED BY JAMES W. STEELE, JR., VP/CFO OF PLAN SPONSOR AND ANY QUESTIONS OR CONCERNS REGARDING THE AUDIT AND FORM 990 ARE DISCUSSED WITH THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THE VP & CFO OF TRACTOR & EQUIPMENT COMPANY, PLAN SPONSOR, DETERMINES THE INVESTMENT POLICY TO BE FOLLOWED BY THE TRUSTEES ACCORDING TO PROVISIONS OF THE EMPLOYEE BENEFIT PLAN AND HEALTH CARE TRUST AGREEMENTS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE COMPLETED AUDIT REPORT AND FORM 990 WERE PRESENTED TO JAMES W. STEELE, VP & CFO FOR REVIEW. QUESTIONS AND ANSWERS REGARDING THE AUDIT REPORT AND/OR THE FORM 990 ARE DISCUSSED WITH THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE FORM 990 WAS APPROVED AS PRESENTED. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE PLAN SPONSOR. Form 990, Part XII, Line 2c Change of oversight process or selection process THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. TRACTOR & EQUIPMENT COMPANY 5336 Messer Airport Highway Birmingham AL 35212 630211767 Construction Equipment AL NA S Corporation false false false false false false false false false false false false false false false false false false false false