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BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 401k Plan overview

Plan NameBUSINESS MICROVAR RETIREMENT PLAN AND TRUST
Plan identification number 001

BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 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.
  • 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

BUSINESS MICROVAR INC DBA INTERDYN BMI has sponsored the creation of one or more 401k plans.

Company Name:BUSINESS MICROVAR INC DBA INTERDYN BMI
Employer identification number (EIN):411518807
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUSINESS MICROVAR RETIREMENT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01JEANNE BERGERSON JEANNE BERGERSON2017-10-11
0012015-01-01CAROL HENDRICKSON
0012014-01-01CAROL HENDRICKSON2015-06-25
0012013-01-01CAROL HENDRICKSON2014-06-25
0012012-01-01CAROL HENDRICKSON2013-07-02
0012011-01-01CAROL HENDRICKSON2012-05-22
0012010-01-01CAROL HENDRICKSON
0012009-01-01CAROL HENDRICKSON
0012009-01-01CAROL HENDRICKSON

Plan Statistics for BUSINESS MICROVAR RETIREMENT PLAN AND TRUST

401k plan membership statisitcs for BUSINESS MICROVAR RETIREMENT PLAN AND TRUST

Measure Date Value
2016: BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-01173
Total number of active participants reported on line 7a of the Form 55002016-01-01149
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0119
Total of all active and inactive participants2016-01-01168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01168
Number of participants with account balances2016-01-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-01134
Total number of active participants reported on line 7a of the Form 55002015-01-01155
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0114
Total of all active and inactive participants2015-01-01169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01169
Number of participants with account balances2015-01-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2010: BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0164
Total number of active participants reported on line 7a of the Form 55002010-01-0152
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0111
Total of all active and inactive participants2010-01-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0163
Number of participants with account balances2010-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0169
Total number of active participants reported on line 7a of the Form 55002009-01-0154
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0110
Total of all active and inactive participants2009-01-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0164
Number of participants with account balances2009-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on BUSINESS MICROVAR RETIREMENT PLAN AND TRUST

Measure Date Value
2016 : BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$1,964,325
Total of all expenses incurred2016-12-31$655,750
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$652,634
Value of total corrective distributions2016-12-31$1,687
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,169,352
Value of total assets at end of year2016-12-31$10,292,243
Value of total assets at beginning of year2016-12-31$8,983,668
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,429
Total interest from all sources2016-12-31$8,288
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,043,791
Participant contributions at end of year2016-12-31$139,825
Participant contributions at beginning of year2016-12-31$129,596
Participant contributions at beginning of year2016-12-31$40,214
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$42,058
Other income not declared elsewhere2016-12-31$-308
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$1,308,575
Value of net assets at end of year (total assets less liabilities)2016-12-31$10,292,243
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$8,983,668
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$8,938,451
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$7,633,296
Interest on participant loans2016-12-31$8,288
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$1,213,967
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$1,177,460
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$786,993
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$83,503
Employer contributions (assets) at beginning of year2016-12-31$3,102
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$652,634
Contract administrator fees2016-12-31$1,429
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BOYUM & BARENSCHEER PLLP
Accountancy firm EIN2016-12-31416192096
2015 : BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,330,948
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$397,514
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$395,292
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,535,179
Value of total assets at end of year2015-12-31$8,983,668
Value of total assets at beginning of year2015-12-31$8,050,234
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$2,222
Total interest from all sources2015-12-31$4,339
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$1,024,178
Participant contributions at end of year2015-12-31$129,596
Participant contributions at beginning of year2015-12-31$70,291
Participant contributions at end of year2015-12-31$40,214
Participant contributions at beginning of year2015-12-31$0
Assets. Other investments not covered elsewhere at end of year2015-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$429,067
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Income. Non cash contributions2015-12-31$0
Value of net income/loss2015-12-31$933,434
Value of net assets at end of year (total assets less liabilities)2015-12-31$8,983,668
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$8,050,234
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$7,633,296
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$7,216,572
Interest on participant loans2015-12-31$4,339
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$1,177,460
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$763,371
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-208,570
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$81,934
Employer contributions (assets) at end of year2015-12-31$3,102
Employer contributions (assets) at beginning of year2015-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$395,292
Contract administrator fees2015-12-31$2,222
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31WILKERSON GUTHMANN
Accountancy firm EIN2015-12-31410996210
2010 : BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$736,038
Expenses. Total of all expenses incurred2010-12-31$64,411
Benefits paid (including direct rollovers)2010-12-31$64,411
Total plan assets at end of year2010-12-31$4,402,320
Total plan assets at beginning of year2010-12-31$3,730,693
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$301,515
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$434,523
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$671,627
Net plan assets at end of year (total assets less liabilities)2010-12-31$4,402,320
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,730,693
Assets. Value of participant loans2010-12-31$118,493
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for BUSINESS MICROVAR RETIREMENT PLAN AND TRUST

2016: BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 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 – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 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 – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2010: BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BUSINESS MICROVAR RETIREMENT PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-710777
Policy instance 1
Insurance contract or identification numberGA-710777
Number of Individuals Covered109
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $16,532
Total amount of fees paid to insurance companyUSD $4,133
Are there contracts with allocated funds for individual policies?No
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?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
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
Commission paid to Insurance BrokerUSD $16,532
Insurance broker organization code?4
Amount paid for insurance broker fees4133
Additional information about fees paid to insurance brokerSALES/ADMINISTRATION
Insurance broker nameJULY BUSINESS SERVICES
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-710777
Policy instance 1
Insurance contract or identification numberGA-710777
Number of Individuals Covered55
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $9,949
Total amount of fees paid to insurance companyUSD $1,855
Are there contracts with allocated funds for individual policies?No
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?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
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
Commission paid to Insurance BrokerUSD $9,949
Insurance broker organization code?4
Amount paid for insurance broker fees1855
Additional information about fees paid to insurance brokerSALES/ADMINISTRATION
Insurance broker nameJULY BUSINESS SERVICES

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