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THE BLACKBEARD COMPANIES 401(K) PLAN 401k Plan overview

Plan NameTHE BLACKBEARD COMPANIES 401(K) PLAN
Plan identification number 001

THE BLACKBEARD COMPANIES 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

BLACKBEARD MANAGEMENT, LLC has sponsored the creation of one or more 401k plans.

Company Name:BLACKBEARD MANAGEMENT, LLC
Employer identification number (EIN):842914378
NAIC Classification:211120
NAIC Description:Crude Petroleum Extraction

Additional information about BLACKBEARD MANAGEMENT, LLC

Jurisdiction of Incorporation: Wyoming Corporations Division
Incorporation Date: 2020-07-29
Company Identification Number: 000933264
Legal Registered Office Address: 1751 River Run Ste 405

Fort Worth
United States of America (USA)
76107

More information about BLACKBEARD MANAGEMENT, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE BLACKBEARD COMPANIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01

Plan Statistics for THE BLACKBEARD COMPANIES 401(K) PLAN

401k plan membership statisitcs for THE BLACKBEARD COMPANIES 401(K) PLAN

Measure Date Value
2022: THE BLACKBEARD COMPANIES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01321
Total number of active participants reported on line 7a of the Form 55002022-01-01280
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01111
Total of all active and inactive participants2022-01-01391
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01391
Number of participants with account balances2022-01-01381
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: THE BLACKBEARD COMPANIES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01344
Total number of active participants reported on line 7a of the Form 55002021-01-01230
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0191
Total of all active and inactive participants2021-01-01321
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01321
Number of participants with account balances2021-01-01311
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-014
2020: THE BLACKBEARD COMPANIES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01149
Total number of active participants reported on line 7a of the Form 55002020-01-01273
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0171
Total of all active and inactive participants2020-01-01344
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01344
Number of participants with account balances2020-01-01320
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on THE BLACKBEARD COMPANIES 401(K) PLAN

Measure Date Value
2022 : THE BLACKBEARD COMPANIES 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$1,030,368
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$3,329,129
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$3,241,557
Value of total corrective distributions2022-12-31$19,164
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$4,364,577
Value of total assets at end of year2022-12-31$19,619,899
Value of total assets at beginning of year2022-12-31$21,918,660
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$68,408
Total interest from all sources2022-12-31$24,516
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$615,367
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$615,367
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
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$2,386,577
Participant contributions at end of year2022-12-31$322,685
Participant contributions at beginning of year2022-12-31$246,244
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$60,299
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,298,761
Value of net assets at end of year (total assets less liabilities)2022-12-31$19,619,899
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$21,918,660
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
Investment advisory and management fees2022-12-31$68,408
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$18,189,920
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$20,160,545
Interest on participant loans2022-12-31$14,018
Interest earned on other investments2022-12-31$10,498
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$1,107,294
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$1,511,871
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,974,092
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$1,917,701
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$3,241,557
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 name2022-12-31EIDE BAILLY, LP
Accountancy firm EIN2022-12-31450250958
2021 : THE BLACKBEARD COMPANIES 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$7,160,485
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$7,671,999
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$7,565,666
Expenses. Certain deemed distributions of participant loans2021-12-31$16,489
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$4,068,473
Value of total assets at end of year2021-12-31$21,918,660
Value of total assets at beginning of year2021-12-31$22,430,174
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$89,844
Total interest from all sources2021-12-31$27,329
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$885,007
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$885,007
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,132,907
Participant contributions at end of year2021-12-31$246,244
Participant contributions at beginning of year2021-12-31$243,316
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$320,157
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-511,514
Value of net assets at end of year (total assets less liabilities)2021-12-31$21,918,660
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$22,430,174
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$89,844
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$20,160,545
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$20,083,560
Interest on participant loans2021-12-31$11,040
Interest earned on other investments2021-12-31$16,289
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$1,511,871
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$2,103,298
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,179,676
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,615,409
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$7,565,666
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31EIDE BAILLY, LP
Accountancy firm EIN2021-12-31450250958
2020 : THE BLACKBEARD COMPANIES 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$8,010,175
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$7,363,983
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$4,087,575
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$3,986,917
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$4,284,426
Value of total assets at end of year2020-12-31$22,430,174
Value of total assets at beginning of year2020-12-31$11,143,591
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$100,658
Total interest from all sources2020-12-31$29,596
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$571,815
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$571,815
Administrative expenses professional fees incurred2020-12-31$24,813
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$2,198,441
Participant contributions at end of year2020-12-31$243,316
Participant contributions at beginning of year2020-12-31$13,359
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$885
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$485,158
Other income not declared elsewhere2020-12-31$1,205
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$3,276,408
Value of net assets at end of year (total assets less liabilities)2020-12-31$22,430,174
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$11,143,591
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$75,595
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$20,083,560
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$9,592,166
Interest on participant loans2020-12-31$10,252
Interest earned on other investments2020-12-31$19,344
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$2,103,298
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$1,536,297
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$2,476,941
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$1,600,827
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$884
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$3,986,917
Contract administrator fees2020-12-31$250
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31Yes
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31EIDE BAILLY, LP
Accountancy firm EIN2020-12-31450250958

Form 5500 Responses for THE BLACKBEARD COMPANIES 401(K) PLAN

2022: THE BLACKBEARD COMPANIES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE BLACKBEARD COMPANIES 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes
2020: THE BLACKBEARD COMPANIES 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number370624-01
Policy instance 1
Insurance contract or identification number370624-01
Number of Individuals Covered66
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
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
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number370624-01
Policy instance 1
Insurance contract or identification number370624-01
Number of Individuals Covered78
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
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
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number370624-01
Policy instance 1
Insurance contract or identification number370624-01
Number of Individuals Covered111
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Are there contracts with allocated funds for individual policies?0
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

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