401k Plan data: BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN plan

BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan Name	BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN
Plan identification number	003

BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
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.

401k Sponsoring company profile

BAY STATE AUCTION COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name: BAY STATE AUCTION COMPANY, INC.

Employer identification number (EIN): 270027225

NAIC Classification: 541990
NAIC Description: All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2018-01-01
003 2017-01-01
003 2016-01-01
003 2015-01-01
003 2014-01-01
003 2013-01-01
003 2012-01-01 SCOTT BOULAY 2013-02-18
003 2011-01-01 SCOTT BOULAY 2012-05-22
003 2010-01-01 SCOTT BOULAY 2011-07-27

Plan Statistics for BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2017: BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 1,915,871
Acturial value of plan assets 2017-12-31 1,915,871
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 0
Fundng target for terminated vested participants 2017-12-31 0
Active participant vested funding target 2017-12-31 1,323,131
Number of active participants 2017-12-31 5
Total funding liabilities for active participants 2017-12-31 1,351,029
Total participant count 2017-12-31 5
Total funding target for all participants 2017-12-31 1,351,029
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 191,210
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 98,427
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 92,783
Present value of excess contributions 2017-12-31 467,417
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 491,212
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 491,212
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 21,236
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 564,842
Total employer contributions 2017-12-31 234,000
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 222,005
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 123,692
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 123,692
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 123,692
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 222,005
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 1,396,111
Acturial value of plan assets 2016-12-31 1,396,111
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 0
Fundng target for terminated vested participants 2016-12-31 0
Active participant vested funding target 2016-12-31 1,204,901
Number of active participants 2016-12-31 2
Total funding liabilities for active participants 2016-12-31 1,204,901
Total participant count 2016-12-31 2
Total funding target for all participants 2016-12-31 1,204,901
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 83,492
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 83,492
Present value of excess contributions 2016-12-31 108,202
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 114,748
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 114,748
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 6,227
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 191,210
Total employer contributions 2016-12-31 489,345
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 467,417
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 98,427
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 98,427
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 98,427
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 467,417
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2017: BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	1,915,871
Acturial value of plan assets	2017-12-31	1,915,871
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	1,323,131
Number of active participants	2017-12-31	5
Total funding liabilities for active participants	2017-12-31	1,351,029
Total participant count	2017-12-31	5
Total funding target for all participants	2017-12-31	1,351,029
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	191,210
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	98,427
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	92,783
Present value of excess contributions	2017-12-31	467,417
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	491,212
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	491,212
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	21,236
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	564,842
Total employer contributions	2017-12-31	234,000
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	222,005
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	123,692
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	123,692
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	123,692
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	222,005
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: BAY STATE AUCTION COMPANY, INC. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	1,396,111
Acturial value of plan assets	2016-12-31	1,396,111
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	1,204,901
Number of active participants	2016-12-31	2
Total funding liabilities for active participants	2016-12-31	1,204,901
Total participant count	2016-12-31	2
Total funding target for all participants	2016-12-31	1,204,901
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	83,492
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	83,492
Present value of excess contributions	2016-12-31	108,202
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	114,748
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	114,748
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	6,227
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	191,210
Total employer contributions	2016-12-31	489,345
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	467,417
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	98,427
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	98,427
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	98,427
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	467,417
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	BAY STATE AUCTION COMPANY, INC.
Employer identification number (EIN):	270027225
NAIC Classification:	541990
NAIC Description:	All Other Professional, Scientific, and Technical Services

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
003	2018-01-01
003	2017-01-01
003	2016-01-01
003	2015-01-01
003	2014-01-01
003	2013-01-01
003	2012-01-01	SCOTT BOULAY	2013-02-18
003	2011-01-01	SCOTT BOULAY	2012-05-22
003	2010-01-01	SCOTT BOULAY	2011-07-27