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SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameSBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.

401k Sponsoring company profile

SBBNET, INC./LOAN BRIGHT.COM has sponsored the creation of one or more 401k plans.

Company Name:SBBNET, INC./LOAN BRIGHT.COM
Employer identification number (EIN):043472511
NAIC Classification:519100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01K.MARK BARLOW2023-10-02
0022021-01-01K.MARK BARLOW2022-10-12
0022020-01-01K.MARK BARLOW2021-10-14
0022019-01-01
0022018-01-01
0022017-01-01K.MARK BARLOW
0022016-01-01K.MARK BARLOW
0022015-01-01K.MARK BARLOW
0022014-01-01K.MARK BARLOW K. MARK BARLOW2015-10-09
0022013-01-01K.MARK BARLOW

Plan Statistics for SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0142
Total number of active participants reported on line 7a of the Form 55002022-01-0117
Number of retired or separated participants receiving benefits2022-01-018
Number of other retired or separated participants entitled to future benefits2022-01-0117
Total of all active and inactive participants2022-01-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0142
Number of participants with account balances2022-01-0142
2021: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0146
Total number of active participants reported on line 7a of the Form 55002021-01-0117
Number of retired or separated participants receiving benefits2021-01-016
Number of other retired or separated participants entitled to future benefits2021-01-0119
Total of all active and inactive participants2021-01-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0142
Number of participants with account balances2021-01-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0151
Total number of active participants reported on line 7a of the Form 55002020-01-0117
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0129
Total of all active and inactive participants2020-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0146
Number of participants with account balances2020-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-019
2019: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0162
Total number of active participants reported on line 7a of the Form 55002019-01-0132
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0119
Total of all active and inactive participants2019-01-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0151
Number of participants with account balances2019-01-0151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013
2018: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0154
Total number of active participants reported on line 7a of the Form 55002018-01-0127
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0126
Total of all active and inactive participants2018-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0153
Number of participants with account balances2018-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-014
2017: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0154
Total number of active participants reported on line 7a of the Form 55002017-01-0132
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0121
Total of all active and inactive participants2017-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0153
Number of participants with account balances2017-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-016
2016: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0139
Total number of active participants reported on line 7a of the Form 55002016-01-0132
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0115
Total of all active and inactive participants2016-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0147
Number of participants with account balances2016-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-015
2015: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0143
Total number of active participants reported on line 7a of the Form 55002015-01-0126
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0113
Total of all active and inactive participants2015-01-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0139
Number of participants with account balances2015-01-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-018
2014: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0140
Total number of active participants reported on line 7a of the Form 55002014-01-0131
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-017
Total of all active and inactive participants2014-01-0138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0138
Number of participants with account balances2014-01-0138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0111
2013: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0135
Total number of active participants reported on line 7a of the Form 55002013-01-0135
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-0135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0135
Number of participants with account balances2013-01-0135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010

Financial Data on SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$5,343
Total plan liabilities at beginning of year2022-12-31$7,498
Total income from all sources2022-12-31$-60,067
Expenses. Total of all expenses incurred2022-12-31$16,111
Benefits paid (including direct rollovers)2022-12-31$16,111
Total plan assets at end of year2022-12-31$1,995,790
Total plan assets at beginning of year2022-12-31$2,074,123
Value of fidelity bond covering the plan2022-12-31$207,412
Other income received2022-12-31$-381,676
Net income (gross income less expenses)2022-12-31$-76,178
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,990,447
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,066,625
Assets. Value of employer securities2022-12-31$1,987,797
Total contributions received or receivable from employer(s)2022-12-31$321,609
2021 : SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$7,498
Total plan liabilities at beginning of year2021-12-31$3,109
Total income from all sources2021-12-31$722,034
Expenses. Total of all expenses incurred2021-12-31$11,436
Benefits paid (including direct rollovers)2021-12-31$11,436
Total plan assets at end of year2021-12-31$2,074,123
Total plan assets at beginning of year2021-12-31$1,359,136
Value of fidelity bond covering the plan2021-12-31$70,000
Other income received2021-12-31$290,596
Net income (gross income less expenses)2021-12-31$710,598
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,066,625
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,356,027
Assets. Value of employer securities2021-12-31$2,064,025
Total contributions received or receivable from employer(s)2021-12-31$431,438
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$3,109
Total plan liabilities at beginning of year2020-12-31$2,139
Total income from all sources2020-12-31$981,742
Expenses. Total of all expenses incurred2020-12-31$2,956
Benefits paid (including direct rollovers)2020-12-31$2,956
Total plan assets at end of year2020-12-31$1,361,826
Total plan assets at beginning of year2020-12-31$382,070
Value of fidelity bond covering the plan2020-12-31$70,000
Other income received2020-12-31$557,551
Net income (gross income less expenses)2020-12-31$978,786
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,358,717
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$379,931
Assets. Value of employer securities2020-12-31$1,356,118
Total contributions received or receivable from employer(s)2020-12-31$424,191
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$2,139
Total income from all sources2019-12-31$-74,078
Expenses. Total of all expenses incurred2019-12-31$6,210
Benefits paid (including direct rollovers)2019-12-31$6,210
Total plan assets at end of year2019-12-31$382,070
Total plan assets at beginning of year2019-12-31$460,219
Value of fidelity bond covering the plan2019-12-31$70,000
Other income received2019-12-31$-81,663
Net income (gross income less expenses)2019-12-31$-80,288
Net plan assets at end of year (total assets less liabilities)2019-12-31$379,931
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$460,219
Assets. Value of employer securities2019-12-31$378,567
Total contributions received or receivable from employer(s)2019-12-31$7,585
2018 : SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total income from all sources2018-12-31$-374,816
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$460,219
Total plan assets at beginning of year2018-12-31$835,035
Value of fidelity bond covering the plan2018-12-31$70,000
Other income received2018-12-31$-389,696
Net income (gross income less expenses)2018-12-31$-374,816
Net plan assets at end of year (total assets less liabilities)2018-12-31$460,219
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$835,035
Assets. Value of employer securities2018-12-31$460,219
Total contributions received or receivable from employer(s)2018-12-31$14,880
2017 : SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total income from all sources2017-12-31$129,347
Expenses. Total of all expenses incurred2017-12-31$0
Total plan assets at end of year2017-12-31$835,035
Total plan assets at beginning of year2017-12-31$705,688
Value of fidelity bond covering the plan2017-12-31$70,000
Other income received2017-12-31$-170,653
Net income (gross income less expenses)2017-12-31$129,347
Net plan assets at end of year (total assets less liabilities)2017-12-31$835,035
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$705,688
Assets. Value of employer securities2017-12-31$835,010
Total contributions received or receivable from employer(s)2017-12-31$300,000
2016 : SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total income from all sources2016-12-31$129,780
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$705,688
Total plan assets at beginning of year2016-12-31$575,908
Value of fidelity bond covering the plan2016-12-31$70,000
Other income received2016-12-31$-16,053
Net income (gross income less expenses)2016-12-31$129,780
Net plan assets at end of year (total assets less liabilities)2016-12-31$705,688
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$575,908
Assets. Value of employer securities2016-12-31$705,603
Total contributions received or receivable from employer(s)2016-12-31$145,833
2015 : SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total income from all sources2015-12-31$123,976
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$575,908
Total plan assets at beginning of year2015-12-31$451,932
Value of fidelity bond covering the plan2015-12-31$70,000
Other income received2015-12-31$-52,711
Net income (gross income less expenses)2015-12-31$123,976
Net plan assets at end of year (total assets less liabilities)2015-12-31$575,908
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$451,932
Assets. Value of employer securities2015-12-31$575,763
Total contributions received or receivable from employer(s)2015-12-31$176,687
2014 : SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at beginning of year2014-12-31$140,000
Total income from all sources2014-12-31$-2,293
Expenses. Total of all expenses incurred2014-12-31$2,310
Total plan assets at end of year2014-12-31$451,932
Total plan assets at beginning of year2014-12-31$596,535
Value of fidelity bond covering the plan2014-12-31$70,000
Expenses. Other expenses not covered elsewhere2014-12-31$2,310
Other income received2014-12-31$-144,803
Net income (gross income less expenses)2014-12-31$-4,603
Net plan assets at end of year (total assets less liabilities)2014-12-31$451,932
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$456,535
Assets. Value of employer securities2014-12-31$451,732
Total contributions received or receivable from employer(s)2014-12-31$142,510
2013 : SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$140,000
Total income from all sources2013-12-31$456,535
Expenses. Total of all expenses incurred2013-12-31$0
Total plan assets at end of year2013-12-31$596,535
Other income received2013-12-31$-3,465
Net income (gross income less expenses)2013-12-31$456,535
Net plan assets at end of year (total assets less liabilities)2013-12-31$456,535
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$0
Assets. Value of employer securities2013-12-31$596,535
Total contributions received or receivable from employer(s)2013-12-31$460,000

Form 5500 Responses for SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN

2022: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP 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 – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 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
2018: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SBBNET/LOANBRIGHT.COM EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01First time form 5500 has been submittedYes
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

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