401k Plan data: BAK VENTURES RETIREMENT PLAN plan

BAK VENTURES RETIREMENT PLAN 401k Plan overview

Plan Name	BAK VENTURES RETIREMENT PLAN
Plan identification number	001

BAK VENTURES RETIREMENT PLAN Benefits

401k Plan Type

Defined 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.
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.

401k Sponsoring company profile

BAK VENTURES, INC. has sponsored the creation of one or more 401k plans.

Company Name: BAK VENTURES, INC.

Employer identification number (EIN): 464096585

NAIC Classification: 611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAK VENTURES RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 BRENT KOUGHAN
001 2017-01-01 BRENT KOUGHAN
001 2016-01-01 BRENT KOUGHAN
001 2015-01-01 BRENT KOUGHAN
001 2014-01-01 BRENT KOUGHAN

Plan Statistics for BAK VENTURES RETIREMENT PLAN

401k plan membership statisitcs for BAK VENTURES RETIREMENT PLAN

Measure Date Value
2023: BAK VENTURES RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 2
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 0
Total of all active and inactive participants 2023-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 2
Number of participants with account balances 2023-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: BAK VENTURES RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 2
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 2
Number of participants with account balances 2022-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: BAK VENTURES RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 2
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 2
Number of participants with account balances 2021-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: BAK VENTURES RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 2
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 2
Number of participants with account balances 2020-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: BAK VENTURES RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 2
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 2
Number of participants with account balances 2019-01-01 2
2018: BAK VENTURES RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 2
Total of all active and inactive participants 2018-01-01 2
Total participants 2018-01-01 2
2017: BAK VENTURES RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 2
Total of all active and inactive participants 2017-01-01 2
Total participants 2017-01-01 2
Number of participants with account balances 2017-01-01 2
2016: BAK VENTURES RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 0
Total of all active and inactive participants 2016-01-01 0
Total participants 2016-01-01 0
2015: BAK VENTURES RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 2
Total of all active and inactive participants 2015-01-01 2
Total participants 2015-01-01 2
Number of participants with account balances 2015-01-01 2
2014: BAK VENTURES RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 1
Total of all active and inactive participants 2014-01-01 1
Total participants 2014-01-01 1
Number of participants with account balances 2014-01-01 1

Measure	Date	Value
2023: BAK VENTURES RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	2
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	0
Total of all active and inactive participants	2023-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	2
Number of participants with account balances	2023-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: BAK VENTURES RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	2
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	2
Number of participants with account balances	2022-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: BAK VENTURES RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	2
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	2
Number of participants with account balances	2021-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: BAK VENTURES RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	2
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	2
Number of participants with account balances	2020-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: BAK VENTURES RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	2
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	2
Number of participants with account balances	2019-01-01	2
2018: BAK VENTURES RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	2
Total of all active and inactive participants	2018-01-01	2
Total participants	2018-01-01	2
2017: BAK VENTURES RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	2
Total of all active and inactive participants	2017-01-01	2
Total participants	2017-01-01	2
Number of participants with account balances	2017-01-01	2
2016: BAK VENTURES RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	0
Total of all active and inactive participants	2016-01-01	0
Total participants	2016-01-01	0
2015: BAK VENTURES RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	2
Total of all active and inactive participants	2015-01-01	2
Total participants	2015-01-01	2
Number of participants with account balances	2015-01-01	2
2014: BAK VENTURES RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	1
Total of all active and inactive participants	2014-01-01	1
Total participants	2014-01-01	1
Number of participants with account balances	2014-01-01	1

Financial Data on BAK VENTURES RETIREMENT PLAN

Measure	Date	Value
2023 : BAK VENTURES RETIREMENT PLAN 2023 401k financial data
Total income from all sources	2023-12-31	$274,932
Expenses. Total of all expenses incurred	2023-12-31	$0
Total plan assets at end of year	2023-12-31	$1,441,187
Total plan assets at beginning of year	2023-12-31	$1,166,255
Total contributions received or receivable from participants	2023-12-31	$52,000
Other income received	2023-12-31	$206,391
Net income (gross income less expenses)	2023-12-31	$274,932
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$1,441,187
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$1,166,255
Assets. Value of employer securities	2023-12-31	$1,195,046
Total contributions received or receivable from employer(s)	2023-12-31	$16,541
2022 : BAK VENTURES RETIREMENT PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$184,180
Expenses. Total of all expenses incurred	2022-12-31	$0
Total plan assets at end of year	2022-12-31	$1,166,255
Total plan assets at beginning of year	2022-12-31	$982,075
Total contributions received or receivable from participants	2022-12-31	$46,550
Other income received	2022-12-31	$122,933
Net income (gross income less expenses)	2022-12-31	$184,180
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$1,166,255
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$982,075
Assets. Value of employer securities	2022-12-31	$1,025,046
Total contributions received or receivable from employer(s)	2022-12-31	$14,697
2021 : BAK VENTURES RETIREMENT PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$268,679
Expenses. Total of all expenses incurred	2021-12-31	$0
Total plan assets at end of year	2021-12-31	$982,075
Total plan assets at beginning of year	2021-12-31	$713,396
Total contributions received or receivable from participants	2021-12-31	$13,292
Other income received	2021-12-31	$209,887
Net income (gross income less expenses)	2021-12-31	$268,679
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$982,075
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$713,396
Assets. Value of employer securities	2021-12-31	$879,241
Total contributions received or receivable from employer(s)	2021-12-31	$45,500
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : BAK VENTURES RETIREMENT PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$247,737
Expenses. Total of all expenses incurred	2020-12-31	$1
Total plan assets at end of year	2020-12-31	$713,396
Total plan assets at beginning of year	2020-12-31	$465,660
Expenses. Other expenses not covered elsewhere	2020-12-31	$1
Contributions received from other sources (not participants or employers)	2020-12-31	$58,971
Other income received	2020-12-31	$188,766
Net income (gross income less expenses)	2020-12-31	$247,736
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$713,396
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$465,660
Assets. Value of employer securities	2020-12-31	$651,288
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : BAK VENTURES RETIREMENT PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$94,954
Expenses. Total of all expenses incurred	2019-12-31	$0
Total plan assets at end of year	2019-12-31	$465,660
Total plan assets at beginning of year	2019-12-31	$370,706
Other income received	2019-12-31	$94,954
Net income (gross income less expenses)	2019-12-31	$94,954
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$465,660
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$370,706
Assets. Value of employer securities	2019-12-31	$465,660
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : BAK VENTURES RETIREMENT PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$113,982
Total plan assets at end of year	2018-12-31	$370,706
Total plan assets at beginning of year	2018-12-31	$256,724
Other income received	2018-12-31	$113,982
Net income (gross income less expenses)	2018-12-31	$113,982
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$370,706
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$256,724
Assets. Value of employer securities	2018-12-31	$370,706
Funding deficiency by the employer to the plan for this plan year	2018-12-31	$0
Minimum employer required contribution for this plan year	2018-12-31	$0
Amount contributed by the employer to the plan for this plan year	2018-12-31	$0
2017 : BAK VENTURES RETIREMENT PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$44,534
Total plan assets at end of year	2017-12-31	$256,724
Total plan assets at beginning of year	2017-12-31	$212,190
Other income received	2017-12-31	$44,534
Net income (gross income less expenses)	2017-12-31	$44,534
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$256,724
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$212,190
Assets. Value of employer securities	2017-12-31	$256,724
Funding deficiency by the employer to the plan for this plan year	2017-12-31	$0
Minimum employer required contribution for this plan year	2017-12-31	$0
Amount contributed by the employer to the plan for this plan year	2017-12-31	$0
2016 : BAK VENTURES RETIREMENT PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$55,782
Total plan assets at end of year	2016-12-31	$212,190
Total plan assets at beginning of year	2016-12-31	$156,408
Other income received	2016-12-31	$55,782
Net income (gross income less expenses)	2016-12-31	$55,782
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$212,190
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$156,408
Assets. Value of employer securities	2016-12-31	$212,190
Funding deficiency by the employer to the plan for this plan year	2016-12-31	$0
Minimum employer required contribution for this plan year	2016-12-31	$0
Amount contributed by the employer to the plan for this plan year	2016-12-31	$0
2015 : BAK VENTURES RETIREMENT PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$-95,695
Total plan assets at end of year	2015-12-31	$156,408
Total plan assets at beginning of year	2015-12-31	$252,103
Total contributions received or receivable from participants	2015-12-31	$41,720
Other income received	2015-12-31	$-137,415
Net income (gross income less expenses)	2015-12-31	$-95,695
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$156,408
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$252,103
Assets. Value of employer securities	2015-12-31	$156,408
Funding deficiency by the employer to the plan for this plan year	2015-12-31	$0
Minimum employer required contribution for this plan year	2015-12-31	$0
Amount contributed by the employer to the plan for this plan year	2015-12-31	$0
2014 : BAK VENTURES RETIREMENT PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$252,124
Expenses. Total of all expenses incurred	2014-12-31	$21
Total plan assets at end of year	2014-12-31	$252,103
Expenses. Other expenses not covered elsewhere	2014-12-31	$21
Contributions received from other sources (not participants or employers)	2014-12-31	$251,999
Other income received	2014-12-31	$125
Net income (gross income less expenses)	2014-12-31	$252,103
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$252,103
Assets. Value of employer securities	2014-12-31	$250,000
Funding deficiency by the employer to the plan for this plan year	2014-12-31	$0
Minimum employer required contribution for this plan year	2014-12-31	$0
Amount contributed by the employer to the plan for this plan year	2014-12-31	$0

Form 5500 Responses for BAK VENTURES RETIREMENT PLAN

2023: BAK VENTURES RETIREMENT PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: BAK VENTURES RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: BAK VENTURES RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: BAK VENTURES RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: BAK VENTURES RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: BAK VENTURES RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: BAK VENTURES RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: BAK VENTURES RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: BAK VENTURES RETIREMENT PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: BAK VENTURES RETIREMENT PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	First time form 5500 has been submitted	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	BAK VENTURES, INC.
Employer identification number (EIN):	464096585
NAIC Classification:	611000