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STOCK REALTY & AUCTION COMPANY 401(K) PLAN 401k Plan overview

Plan NameSTOCK REALTY & AUCTION COMPANY 401(K) PLAN
Plan identification number 001

STOCK REALTY & AUCTION COMPANY 401(K) PLAN 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
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BIG IRON AUCTION COMPANY has sponsored the creation of one or more 401k plans.

Company Name:BIG IRON AUCTION COMPANY
Employer identification number (EIN):481306243
NAIC Classification:531210
NAIC Description:Offices of Real Estate Agents and Brokers

Additional information about BIG IRON AUCTION COMPANY

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2010-11-22
Company Identification Number: 0801346993
Legal Registered Office Address: 210 BEAVER ST

SAINT EDWARD
United States of America (USA)
68660

More information about BIG IRON AUCTION COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STOCK REALTY & AUCTION COMPANY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01KIM MCCORMICK2022-10-12
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01MARK STOCK2017-07-14
0012015-01-01MARK STOCK2016-07-12
0012014-01-01MARK STOCK2015-09-09

Plan Statistics for STOCK REALTY & AUCTION COMPANY 401(K) PLAN

401k plan membership statisitcs for STOCK REALTY & AUCTION COMPANY 401(K) PLAN

Measure Date Value
2021: STOCK REALTY & AUCTION COMPANY 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01134
Total number of active participants reported on line 7a of the Form 55002021-01-01164
Number of retired or separated participants receiving benefits2021-01-013
Number of other retired or separated participants entitled to future benefits2021-01-0129
Total of all active and inactive participants2021-01-01196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01196
Number of participants with account balances2021-01-01167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0114

Financial Data on STOCK REALTY & AUCTION COMPANY 401(K) PLAN

Measure Date Value
2021 : STOCK REALTY & AUCTION COMPANY 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,735,210
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$588,644
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$532,455
Expenses. Certain deemed distributions of participant loans2021-12-31$19,600
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,227,186
Value of total assets at end of year2021-12-31$4,574,262
Value of total assets at beginning of year2021-12-31$3,427,696
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$36,589
Total interest from all sources2021-12-31$1,809
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$350,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$447,287
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$334,547
Assets. Loans (other than to participants) at end of year2021-12-31$57,840
Assets. Loans (other than to participants) at beginning of year2021-12-31$46,453
Total non interest bearing cash at end of year2021-12-31$206
Total non interest bearing cash at beginning of year2021-12-31$372
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,146,566
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,574,262
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,427,696
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$4,221,061
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$3,164,270
Interest on participant loans2021-12-31$1,809
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$506,215
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$445,352
Employer contributions (assets) at end of year2021-12-31$295,155
Employer contributions (assets) at beginning of year2021-12-31$216,601
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$532,455
Contract administrator fees2021-12-31$36,589
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31LUTZ & COMPANY PC
Accountancy firm EIN2021-12-31470625816

Form 5500 Responses for STOCK REALTY & AUCTION COMPANY 401(K) PLAN

2021: STOCK REALTY & AUCTION COMPANY 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number113631
Policy instance 1
Insurance contract or identification number113631
Number of Individuals Covered139
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $3,354
Are there contracts with allocated funds for individual policies?0
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?No
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
Amount paid for insurance broker fees3354
Additional information about fees paid to insurance brokerTPA FEES AND COMPENSATION
Insurance broker organization code?5

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