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BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameBUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN
Plan identification number 001

BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

BUSINESS BROKERS CHARLOTTE, INC. has sponsored the creation of one or more 401k plans.

Company Name:BUSINESS BROKERS CHARLOTTE, INC.
Employer identification number (EIN):273932270
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01LYNN E. MCNEAL
0012014-01-01LYNN E. MCNEAL
0012013-01-01LYNN MCNEAL
0012012-01-01LYNN E. MCNEAL
0012011-01-01LYNN E. MCNEAL
0012010-11-11LYNN MCNEAL

Plan Statistics for BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN

Measure Date Value
2015: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-011
Total number of active participants reported on line 7a of the Form 55002014-01-011
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-011
Number of participants with account balances2014-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-011
Total number of active participants reported on line 7a of the Form 55002013-01-011
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 participants2013-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-011
Number of participants with account balances2013-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011
Total number of active participants reported on line 7a of the Form 55002012-01-011
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-011
Number of participants with account balances2012-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011
Total number of active participants reported on line 7a of the Form 55002011-01-011
Total of all active and inactive participants2011-01-011
Total participants2011-01-011
Number of participants with account balances2011-01-011
2010: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-11-111
Total number of active participants reported on line 7a of the Form 55002010-11-111
Number of retired or separated participants receiving benefits2010-11-110
Number of other retired or separated participants entitled to future benefits2010-11-110
Total of all active and inactive participants2010-11-111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-11-110
Total participants2010-11-111
Number of participants with account balances2010-11-111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-11-110

Financial Data on BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN

Measure Date Value
2015 : BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$-129,969
Expenses. Total of all expenses incurred2015-12-31$70,000
Benefits paid (including direct rollovers)2015-12-31$70,000
Total plan assets at end of year2015-12-31$0
Total plan assets at beginning of year2015-12-31$199,969
Value of fidelity bond covering the plan2015-12-31$50,000
Total contributions received or receivable from participants2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-129,969
Net income (gross income less expenses)2015-12-31$-199,969
Net plan assets at end of year (total assets less liabilities)2015-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$199,969
Assets. Value of employer securities2015-12-31$0
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$197,444
Expenses. Total of all expenses incurred2014-12-31$0
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$199,969
Total plan assets at beginning of year2014-12-31$2,525
Value of fidelity bond covering the plan2014-12-31$50,000
Total contributions received or receivable from participants2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$197,444
Net income (gross income less expenses)2014-12-31$197,444
Net plan assets at end of year (total assets less liabilities)2014-12-31$199,969
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,525
Assets. Value of employer securities2014-12-31$199,969
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0
2013 : BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$-119,034
Expenses. Total of all expenses incurred2013-12-31$0
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$2,525
Total plan assets at beginning of year2013-12-31$121,559
Value of fidelity bond covering the plan2013-12-31$50,000
Total contributions received or receivable from participants2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$-119,034
Net income (gross income less expenses)2013-12-31$-119,034
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,525
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$121,559
Assets. Value of employer securities2013-12-31$2,525
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
2012 : BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$-57,364
Total plan assets at end of year2012-12-31$121,559
Total plan assets at beginning of year2012-12-31$178,923
Value of fidelity bond covering the plan2012-12-31$50,000
Other income received2012-12-31$-57,364
Net income (gross income less expenses)2012-12-31$-57,364
Net plan assets at end of year (total assets less liabilities)2012-12-31$121,559
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$178,923
Assets. Value of employer securities2012-12-31$121,559
2011 : BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$-421,177
Total plan assets at end of year2011-12-31$178,923
Total plan assets at beginning of year2011-12-31$600,100
Value of fidelity bond covering the plan2011-12-31$50,000
Other income received2011-12-31$-421,177
Net income (gross income less expenses)2011-12-31$-421,177
Net plan assets at end of year (total assets less liabilities)2011-12-31$178,923
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$600,100
Assets. Value of employer securities2011-12-31$178,923
2010 : BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$600,100
Expenses. Total of all expenses incurred2010-12-31$0
Total plan assets at end of year2010-12-31$600,100
Total plan assets at beginning of year2010-12-31$0
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$600,100
Net income (gross income less expenses)2010-12-31$600,100
Net plan assets at end of year (total assets less liabilities)2010-12-31$600,100
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$0
Assets. Value of employer securities2010-12-31$600,000
Total contributions received or receivable from employer(s)2010-12-31$0

Form 5500 Responses for BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN

2015: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01This submission is the final filingYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: BUSINESS BROKERS CHARLOTTE, INC. PROFIT SHARING PLAN 2010 form 5500 responses
2010-11-11Type of plan entitySingle employer plan
2010-11-11First time form 5500 has been submittedYes
2010-11-11Submission has been amendedNo
2010-11-11This submission is the final filingNo
2010-11-11This return/report is a short plan year return/report (less than 12 months)Yes
2010-11-11Plan is a collectively bargained planNo
2010-11-11Plan funding arrangement – TrustYes
2010-11-11Plan benefit arrangement - TrustYes

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