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B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN 401k Plan overview

Plan NameB & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN
Plan identification number 002

B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT 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.

401k Sponsoring company profile

B & B EDUCATIONAL MUSIC SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:B & B EDUCATIONAL MUSIC SERVICES, INC.
Employer identification number (EIN):510189150
NAIC Classification:451140
NAIC Description:Musical Instrument and Supplies Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01CHRISTOPHER MARADIE2016-03-18
0022014-01-01CHRISTOPHER MARADIE2015-06-19
0022013-01-01CHRISTOPHER MARADIE2014-04-28
0022012-01-01CHRISTOPHER MARADIE2013-07-23
0022011-07-01ROY VOSHELL2012-09-25
0022009-07-01ROY VOSHELL

Plan Statistics for B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN

401k plan membership statisitcs for B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN

Measure Date Value
2009: B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-0121
Total number of active participants reported on line 7a of the Form 55002009-07-0115
Number of retired or separated participants receiving benefits2009-07-010
Number of other retired or separated participants entitled to future benefits2009-07-013
Total of all active and inactive participants2009-07-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-010
Total participants2009-07-0118
Number of participants with account balances2009-07-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-010

Financial Data on B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN

Measure Date Value
2011 : B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN 2011 401k financial data
Total income from all sources2011-06-30$274,804
Expenses. Total of all expenses incurred2011-06-30$35,152
Benefits paid (including direct rollovers)2011-06-30$35,152
Total plan assets at end of year2011-06-30$1,275,114
Total plan assets at beginning of year2011-06-30$1,035,462
Value of fidelity bond covering the plan2011-06-30$75,000
Total contributions received or receivable from participants2011-06-30$34,223
Expenses. Other expenses not covered elsewhere2011-06-30$0
Other income received2011-06-30$176,835
Net income (gross income less expenses)2011-06-30$239,652
Net plan assets at end of year (total assets less liabilities)2011-06-30$1,275,114
Net plan assets at beginning of year (total assets less liabilities)2011-06-30$1,035,462
Total contributions received or receivable from employer(s)2011-06-30$63,746
Funding deficiency by the employer to the plan for this plan year2011-06-30$0
Minimum employer required contribution for this plan year2011-06-30$0
Amount contributed by the employer to the plan for this plan year2011-06-30$0
2010 : B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN 2010 401k financial data
Transfers to/from the plan2010-06-30$0
Total income from all sources2010-06-30$189,816
Expenses. Total of all expenses incurred2010-06-30$28,056
Benefits paid (including direct rollovers)2010-06-30$28,056
Total plan assets at end of year2010-06-30$1,035,462
Total plan assets at beginning of year2010-06-30$873,702
Value of fidelity bond covering the plan2010-06-30$75,000
Total contributions received or receivable from participants2010-06-30$43,946
Expenses. Other expenses not covered elsewhere2010-06-30$0
Contributions received from other sources (not participants or employers)2010-06-30$0
Other income received2010-06-30$99,823
Net income (gross income less expenses)2010-06-30$161,760
Net plan assets at end of year (total assets less liabilities)2010-06-30$1,035,462
Net plan assets at beginning of year (total assets less liabilities)2010-06-30$873,702
Assets. Value of participant loans2010-06-30$0
Total contributions received or receivable from employer(s)2010-06-30$46,047
Value of certain deemed distributions of participant loans2010-06-30$0
Value of corrective distributions2010-06-30$0

Form 5500 Responses for B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN

2009: B & B EDUCATIONAL MUSIC SERVICES, INC. EMPLOYEE RETIREMENT PLAN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedNo
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planNo
2009-07-01Plan funding arrangement – InsuranceYes
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-025594
Policy instance 1
Insurance contract or identification numberGA-025594
Number of Individuals Covered18
Insurance policy start date2010-07-01
Insurance policy end date2011-06-30
Total amount of commissions paid to insurance brokerUSD $3,443
Total amount of fees paid to insurance companyUSD $923
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

Potentially related plans

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