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BEC 401(K) PLAN 401k Plan overview

Plan NameBEC 401(K) PLAN
Plan identification number 001

BEC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BOWMAN ENGINEERING & CONSULTING INC. has sponsored the creation of one or more 401k plans.

Company Name:BOWMAN ENGINEERING & CONSULTING INC.
Employer identification number (EIN):202994945
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BEC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SUSAN COOLAHAN2024-09-09
0012022-01-01
0012021-01-01TOM CARTER2022-07-27
0012020-01-01TOM CARTER2021-07-21
0012019-01-01SHAUNA BOWMAN2020-07-07
0012018-01-01SHAUNA BOWMAN2019-06-14
0012017-01-01SHAUNA BOWMAN2018-06-12
0012016-01-01SHAUNA BOWMAN2017-07-07
0012015-01-01SHAUNA E BOWMAN2016-09-08
0012014-01-01SHAUNA E BOWMAN2015-10-05
0012013-01-01SHAUNA E BOWMAN2014-05-20
0012012-01-01SHAUNA E BOWMAN2013-06-25
0012011-01-01SHAUNA E BOWMAN2012-07-27 SHAUNA E BOWMAN2012-07-27

Plan Statistics for BEC 401(K) PLAN

401k plan membership statisitcs for BEC 401(K) PLAN

Measure Date Value
2022: BEC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01154
Total number of active participants reported on line 7a of the Form 55002022-01-0193
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-015
Total of all active and inactive participants2022-01-0198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0198
Number of participants with account balances2022-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-014

Financial Data on BEC 401(K) PLAN

Measure Date Value
2022 : BEC 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$341,561
Total of all expenses incurred2022-12-31$73,676
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$73,301
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$685,800
Value of total assets at end of year2022-12-31$2,444,402
Value of total assets at beginning of year2022-12-31$2,176,517
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$375
Total interest from all sources2022-12-31$1,139
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$60,250
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$60,250
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$244,440
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$234,901
Participant contributions at end of year2022-12-31$20,740
Participant contributions at beginning of year2022-12-31$31,950
Assets. Other investments not covered elsewhere at end of year2022-12-31$127,205
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$106,773
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$176,181
Other income not declared elsewhere2022-12-31$1,117
Administrative expenses (other) incurred2022-12-31$375
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$267,885
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,444,402
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,176,517
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,296,457
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,037,794
Interest on participant loans2022-12-31$1,139
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-406,745
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$274,718
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$73,301
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PHILLIP C MAY PC
Accountancy firm EIN2022-12-31801794417

Form 5500 Responses for BEC 401(K) PLAN

2022: BEC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

Potentially related plans

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