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37 BP 401(K) SAVINGS PLAN 401k Plan overview

Plan Name37 BP 401(K) SAVINGS PLAN
Plan identification number 001

37 BP 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

37 BUILDING PRODUCTS, LTD has sponsored the creation of one or more 401k plans.

Company Name:37 BUILDING PRODUCTS, LTD
Employer identification number (EIN):200651411
NAIC Classification:327300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 37 BP 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01CHARIS BAILEY2023-08-29 CHARIS BAILEY2023-08-29
0012021-01-01CHARIS BAILEY2022-10-04 CHARIS BAILEY2022-10-04
0012020-01-01CHARIS BAILEY2021-09-20 CHARIS BAILEY2021-09-20
0012019-02-01CHARIS BAILEY2020-10-14 CHARIS BAILEY2020-10-14

Plan Statistics for 37 BP 401(K) SAVINGS PLAN

401k plan membership statisitcs for 37 BP 401(K) SAVINGS PLAN

Measure Date Value
2022: 37 BP 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01333
Total number of active participants reported on line 7a of the Form 55002022-01-0111
Number of retired or separated participants receiving benefits2022-01-0153
Number of other retired or separated participants entitled to future benefits2022-01-01183
Total of all active and inactive participants2022-01-01247
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01247
Number of participants with account balances2022-01-01246
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0170
2021: 37 BP 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01312
Total number of active participants reported on line 7a of the Form 55002021-01-01108
Number of retired or separated participants receiving benefits2021-01-0148
Number of other retired or separated participants entitled to future benefits2021-01-01166
Total of all active and inactive participants2021-01-01322
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01322
Number of participants with account balances2021-01-01307
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0135
2020: 37 BP 401(K) SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01290
Total number of active participants reported on line 7a of the Form 55002020-01-0180
Number of retired or separated participants receiving benefits2020-01-0124
Number of other retired or separated participants entitled to future benefits2020-01-01185
Total of all active and inactive participants2020-01-01289
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01289
Number of participants with account balances2020-01-01274
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-01168
2019: 37 BP 401(K) SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-02-01234
Total number of active participants reported on line 7a of the Form 55002019-02-01210
Number of retired or separated participants receiving benefits2019-02-011
Number of other retired or separated participants entitled to future benefits2019-02-0170
Total of all active and inactive participants2019-02-01281
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-02-010
Total participants2019-02-01281
Number of participants with account balances2019-02-01242
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-02-0199

Financial Data on 37 BP 401(K) SAVINGS PLAN

Measure Date Value
2022 : 37 BP 401(K) SAVINGS PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-52,670
Total of all expenses incurred2022-12-31$614,655
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$609,015
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$246,710
Value of total assets at end of year2022-12-31$1,092,514
Value of total assets at beginning of year2022-12-31$1,759,839
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$5,640
Total interest from all sources2022-12-31$1,130
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$250,000
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$196,667
Participant contributions at end of year2022-12-31$11,830
Participant contributions at beginning of year2022-12-31$20,290
Participant contributions at end of year2022-12-31$134
Participant contributions at beginning of year2022-12-31$591
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-667,325
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,092,514
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$1,759,839
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
Value of interest in pooled separate accounts at end of year2022-12-31$1,058,952
Value of interest in pooled separate accounts at beginning of year2022-12-31$1,693,488
Interest on participant loans2022-12-31$1,130
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$21,531
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$45,187
Net investment gain/loss from pooled separate accounts2022-12-31$-300,510
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 contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$50,043
Employer contributions (assets) at end of year2022-12-31$67
Employer contributions (assets) at beginning of year2022-12-31$283
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$609,015
Contract administrator fees2022-12-31$5,640
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 name2022-12-31LANCE, SOLL & LUNGHARD, LLP
Accountancy firm EIN2022-12-31952700123
2021 : 37 BP 401(K) SAVINGS PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$487,074
Total of all expenses incurred2021-12-31$386,331
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$377,711
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$280,927
Value of total assets at end of year2021-12-31$1,759,839
Value of total assets at beginning of year2021-12-31$1,659,096
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$8,620
Total interest from all sources2021-12-31$5,098
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$250,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$243,731
Participant contributions at end of year2021-12-31$20,290
Participant contributions at beginning of year2021-12-31$3,948
Participant contributions at end of year2021-12-31$591
Participant contributions at beginning of year2021-12-31$5,149
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$0
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
Income. Non cash contributions2021-12-31$0
Value of net income/loss2021-12-31$100,743
Value of net assets at end of year (total assets less liabilities)2021-12-31$1,759,839
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,659,096
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
Value of interest in pooled separate accounts at end of year2021-12-31$1,693,488
Value of interest in pooled separate accounts at beginning of year2021-12-31$1,594,090
Interest on participant loans2021-12-31$405
Interest earned on other investments2021-12-31$4,693
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$45,187
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$53,600
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$37,196
Employer contributions (assets) at end of year2021-12-31$283
Employer contributions (assets) at beginning of year2021-12-31$2,309
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$377,711
Contract administrator fees2021-12-31$8,620
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 name2021-12-31WHITLEY PENN LLP
Accountancy firm EIN2021-12-31752393478
2020 : 37 BP 401(K) SAVINGS PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$1,126,161
Total of all expenses incurred2020-12-31$420,021
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$408,011
Expenses. Certain deemed distributions of participant loans2020-12-31$2,919
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$896,042
Value of total assets at end of year2020-12-31$1,659,096
Value of total assets at beginning of year2020-12-31$952,956
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$9,091
Total interest from all sources2020-12-31$1,355
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$400
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$400
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$250,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$557,616
Participant contributions at end of year2020-12-31$3,948
Participant contributions at beginning of year2020-12-31$11,484
Participant contributions at end of year2020-12-31$5,149
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$620
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$706,140
Value of net assets at end of year (total assets less liabilities)2020-12-31$1,659,096
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$952,956
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
Value of interest in pooled separate accounts at end of year2020-12-31$1,594,090
Value of interest in pooled separate accounts at beginning of year2020-12-31$906,117
Interest on participant loans2020-12-31$733
Interest earned on other investments2020-12-31$622
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$53,600
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$11,860
Net investment gain/loss from pooled separate accounts2020-12-31$228,364
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$337,806
Employer contributions (assets) at end of year2020-12-31$2,309
Employer contributions (assets) at beginning of year2020-12-31$23,495
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$408,011
Contract administrator fees2020-12-31$9,091
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 name2020-12-31WHITLEY PENN LLP
Accountancy firm EIN2020-12-31752393478
2019 : 37 BP 401(K) SAVINGS PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$1,016,783
Total of all expenses incurred2019-12-31$63,827
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$59,607
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$948,167
Value of total assets at end of year2019-12-31$952,956
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$4,220
Total interest from all sources2019-12-31$406
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$250,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$524,466
Participant contributions at end of year2019-12-31$11,484
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$147,772
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$952,956
Value of net assets at end of year (total assets less liabilities)2019-12-31$952,956
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$906,117
Interest on participant loans2019-12-31$328
Interest earned on other investments2019-12-31$78
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$11,860
Net investment gain/loss from pooled separate accounts2019-12-31$68,210
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$275,929
Employer contributions (assets) at end of year2019-12-31$23,495
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$59,607
Contract administrator fees2019-12-31$4,220
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31WHITLEY PENN, LLP
Accountancy firm EIN2019-12-31752393478

Form 5500 Responses for 37 BP 401(K) SAVINGS PLAN

2022: 37 BP 401(K) SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
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: 37 BP 401(K) SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: 37 BP 401(K) SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: 37 BP 401(K) SAVINGS PLAN 2019 form 5500 responses
2019-02-01Type of plan entitySingle employer plan
2019-02-01First time form 5500 has been submittedYes
2019-02-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-02-01Plan funding arrangement – InsuranceYes
2019-02-01Plan funding arrangement – TrustYes
2019-02-01Plan benefit arrangement – InsuranceYes
2019-02-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-843696
Policy instance 1
Insurance contract or identification numberGA-843696
Number of Individuals Covered246
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $3,747
Commission paid to Insurance BrokerUSD $3,331
Insurance broker organization code?3
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number759829
Policy instance 2
Insurance contract or identification number759829
Number of Individuals Covered304
Total amount of commissions paid to insurance brokerUSD $2,996
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $2,996
Insurance broker organization code?3
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-843696
Policy instance 1
Insurance contract or identification numberGA-843696
Number of Individuals Covered307
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $6,366
Total amount of fees paid to insurance companyUSD $552
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $6,366
Additional information about fees paid to insurance brokerCOMMISSIONS
Insurance broker organization code?3
Amount paid for insurance broker fees552
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-843696
Policy instance 1
Insurance contract or identification numberGA-843696
Number of Individuals Covered302
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $4,358
Total amount of fees paid to insurance companyUSD $544
Commission paid to Insurance BrokerUSD $4,358
Insurance broker organization code?3
Amount paid for insurance broker fees544
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-843696
Policy instance 1
Insurance contract or identification numberGA-843696
Number of Individuals Covered242
Insurance policy start date2019-02-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $1,028
Total amount of fees paid to insurance companyUSD $128
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,028
Insurance broker organization code?3
Amount paid for insurance broker fees128

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