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BLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameBLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 002

BLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST 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.
  • 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

BLUE SKY TECHNOLOGIES INC. has sponsored the creation of one or more 401k plans.

Company Name:BLUE SKY TECHNOLOGIES INC.
Employer identification number (EIN):550802430
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01

Plan Statistics for BLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for BLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2019: BLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-012
Total number of active participants reported on line 7a of the Form 55002019-01-012
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-012
Number of participants with account balances2019-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on BLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2019 : BLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$318,152
Expenses. Total of all expenses incurred2019-12-31$0
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$318,152
Total plan assets at beginning of year2019-12-31$0
Value of fidelity bond covering the plan2019-12-31$0
Total contributions received or receivable from participants2019-12-31$1,931
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$316,221
Net income (gross income less expenses)2019-12-31$318,152
Net plan assets at end of year (total assets less liabilities)2019-12-31$318,152
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0

Form 5500 Responses for BLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST

2019: BLUE SKY TECHNOLOGIES INC 401(K) PROFIT SHARING PLAN & TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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