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BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameBUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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

BUSINESS DEVELOPMENT AGENCY, INC. has sponsored the creation of one or more 401k plans.

Company Name:BUSINESS DEVELOPMENT AGENCY, INC.
Employer identification number (EIN):454967183
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-01-01CARLOS ORLANDO BUENAHORA
0012013-01-01CARLOS ORLANDO BUENAHORA
0012012-04-04CARLOS ORLANDO BUENAHORA

Plan Statistics for BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2014: BUSINESS DEVELOPMENT AGENCY, INC. 401(K) 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 55002014-01-010
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 participants2014-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-010
Number of participants with account balances2014-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: BUSINESS DEVELOPMENT AGENCY, INC. 401(K) 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 DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-04-041
Total number of active participants reported on line 7a of the Form 55002012-04-041
Number of retired or separated participants receiving benefits2012-04-040
Number of other retired or separated participants entitled to future benefits2012-04-040
Total of all active and inactive participants2012-04-041
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-04-040
Total participants2012-04-041
Number of participants with account balances2012-04-041
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-04-040

Financial Data on BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2014 : BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$0
Expenses. Total of all expenses incurred2014-12-31$5,686
Benefits paid (including direct rollovers)2014-12-31$5,686
Total plan assets at end of year2014-12-31$0
Total plan assets at beginning of year2014-12-31$5,686
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$0
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-5,686
Net plan assets at end of year (total assets less liabilities)2014-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$5,686
Assets. Value of employer securities2014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$-281,998
Expenses. Total of all expenses incurred2013-12-31$0
Total plan assets at end of year2013-12-31$5,686
Total plan assets at beginning of year2013-12-31$287,684
Other income received2013-12-31$-281,998
Net income (gross income less expenses)2013-12-31$-281,998
Net plan assets at end of year (total assets less liabilities)2013-12-31$5,686
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$287,684
2012 : BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$307,784
Expenses. Total of all expenses incurred2012-12-31$20,100
Benefits paid (including direct rollovers)2012-12-31$20,000
Total plan assets at end of year2012-12-31$287,684
Total plan assets at beginning of year2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$307,784
Net income (gross income less expenses)2012-12-31$287,684
Net plan assets at end of year (total assets less liabilities)2012-12-31$287,684
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Assets. Value of employer securities2012-12-31$282,000
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$100
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0

Form 5500 Responses for BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN

2014: BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING 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 filingYes
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: BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
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
2012: BUSINESS DEVELOPMENT AGENCY, INC. 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-04-04Type of plan entitySingle employer plan
2012-04-04First time form 5500 has been submittedYes
2012-04-04Submission has been amendedNo
2012-04-04This submission is the final filingNo
2012-04-04This return/report is a short plan year return/report (less than 12 months)Yes
2012-04-04Plan is a collectively bargained planNo
2012-04-04Plan funding arrangement – TrustYes
2012-04-04Plan benefit arrangement - TrustYes

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