401k Plan data: BORE-FLEX INDUSTRIES INC 401(K) PLAN plan

BORE-FLEX INDUSTRIES INC 401(K) PLAN 401k Plan overview

Plan Name	BORE-FLEX INDUSTRIES INC 401(K) PLAN
Plan identification number	001

BORE-FLEX INDUSTRIES INC 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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

BORE-FLEX INDUSTRIES INC has sponsored the creation of one or more 401k plans.

Company Name: BORE-FLEX INDUSTRIES INC

Employer identification number (EIN): 300157210

NAIC Classification: 339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BORE-FLEX INDUSTRIES INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2014-01-01
001 2013-01-01
001 2012-01-01 MIKE MORGAN
001 2011-01-01 MIKE MORGAN
001 2009-07-01 MIKE MORGAN

Plan Statistics for BORE-FLEX INDUSTRIES INC 401(K) PLAN

401k plan membership statisitcs for BORE-FLEX INDUSTRIES INC 401(K) PLAN

Measure Date Value
2014: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 47
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 35
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 35
Number of participants with account balances 2014-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 34
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 45
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 45
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 45
Number of participants with account balances 2013-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 41
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 34
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 34
Number of participants with account balances 2012-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 118
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 26
Number of retired or separated participants receiving benefits 2011-01-01 2
Number of other retired or separated participants entitled to future benefits 2011-01-01 13
Total of all active and inactive participants 2011-01-01 41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 41
Number of participants with account balances 2011-01-01 40
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-07-01 198
Total number of active participants reported on line 7a of the Form 5500 2009-07-01 162
Number of retired or separated participants receiving benefits 2009-07-01 0
Number of other retired or separated participants entitled to future benefits 2009-07-01 3
Total of all active and inactive participants 2009-07-01 165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-07-01 0
Total participants 2009-07-01 165
Number of participants with account balances 2009-07-01 66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-07-01 0

Measure	Date	Value
2014: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	47
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	35
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	35
Number of participants with account balances	2014-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	34
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	45
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	45
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	45
Number of participants with account balances	2013-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	41
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	34
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	34
Number of participants with account balances	2012-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	118
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	26
Number of retired or separated participants receiving benefits	2011-01-01	2
Number of other retired or separated participants entitled to future benefits	2011-01-01	13
Total of all active and inactive participants	2011-01-01	41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	41
Number of participants with account balances	2011-01-01	40
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-07-01	198
Total number of active participants reported on line 7a of the Form 5500	2009-07-01	162
Number of retired or separated participants receiving benefits	2009-07-01	0
Number of other retired or separated participants entitled to future benefits	2009-07-01	3
Total of all active and inactive participants	2009-07-01	165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-07-01	0
Total participants	2009-07-01	165
Number of participants with account balances	2009-07-01	66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-07-01	0

Financial Data on BORE-FLEX INDUSTRIES INC 401(K) PLAN

Measure	Date	Value
2014 : BORE-FLEX INDUSTRIES INC 401(K) PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$23,814
Expenses. Total of all expenses incurred	2014-12-31	$38
Benefits paid (including direct rollovers)	2014-12-31	$38
Total plan assets at end of year	2014-12-31	$99,974
Total plan assets at beginning of year	2014-12-31	$76,198
Total contributions received or receivable from participants	2014-12-31	$20,552
Other income received	2014-12-31	$3,262
Net income (gross income less expenses)	2014-12-31	$23,776
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$99,974
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$76,198
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : BORE-FLEX INDUSTRIES INC 401(K) PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$24,861
Total plan assets at end of year	2013-12-31	$76,198
Total plan assets at beginning of year	2013-12-31	$51,337
Total contributions received or receivable from participants	2013-12-31	$17,439
Other income received	2013-12-31	$7,422
Net income (gross income less expenses)	2013-12-31	$24,861
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$76,198
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$51,337
2012 : BORE-FLEX INDUSTRIES INC 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$27,403
Expenses. Total of all expenses incurred	2012-12-31	$159,715
Benefits paid (including direct rollovers)	2012-12-31	$159,090
Total plan assets at end of year	2012-12-31	$51,337
Total plan assets at beginning of year	2012-12-31	$183,649
Total contributions received or receivable from participants	2012-12-31	$15,203
Other income received	2012-12-31	$12,200
Net income (gross income less expenses)	2012-12-31	$-132,312
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$51,337
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$183,649
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$625
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : BORE-FLEX INDUSTRIES INC 401(K) PLAN 2011 401k financial data
Total income from all sources (including contributions)	2011-12-31	$24,786
Total of all expenses incurred	2011-12-31	$44,844
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$44,844
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$23,657
Value of total assets at end of year	2011-12-31	$183,649
Value of total assets at beginning of year	2011-12-31	$203,707
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$4,323
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$4,323
Was this plan covered by a fidelity bond	2011-12-31	No
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$23,657
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-20,058
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$183,649
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$203,707
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$183,649
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$203,707
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-3,194
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$44,844
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	ABACUS CPAS, LLC
Accountancy firm EIN	2011-12-31	272328447
2010 : BORE-FLEX INDUSTRIES INC 401(K) PLAN 2010 401k financial data
Total income from all sources (including contributions)	2010-12-31	$130,521
Total of all expenses incurred	2010-12-31	$3,031
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$3,031
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$116,158
Value of total assets at end of year	2010-12-31	$203,707
Value of total assets at beginning of year	2010-12-31	$76,217
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$5,428
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$5,428
Was this plan covered by a fidelity bond	2010-12-31	No
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$116,158
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$127,490
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$203,707
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$76,217
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$203,707
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$76,217
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$8,935
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$3,031
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	ABACUS CPAS, LLC
Accountancy firm EIN	2010-12-31	272328447

Form 5500 Responses for BORE-FLEX INDUSTRIES INC 401(K) PLAN

2014: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: BORE-FLEX INDUSTRIES INC 401(K) PLAN 2009 form 5500 responses
2009-07-01	Type of plan entity	Single employer plan
2009-07-01	First time form 5500 has been submitted	Yes
2009-07-01	This submission is the final filing	No
2009-07-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2009-07-01	Plan funding arrangement – Trust	Yes
2009-07-01	Plan benefit arrangement - Trust	Yes

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	BORE-FLEX INDUSTRIES INC
Employer identification number (EIN):	300157210
NAIC Classification:	339900