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BAY FABRICATION, INC. 401(K) PLAN 401k Plan overview

Plan NameBAY FABRICATION, INC. 401(K) PLAN
Plan identification number 001

BAY FABRICATION, INC. 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BAY FABRICATION, INC. has sponsored the creation of one or more 401k plans.

Company Name:BAY FABRICATION, INC.
Employer identification number (EIN):592888500
NAIC Classification:336610

Additional information about BAY FABRICATION, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1988-03-04
Company Identification Number: K17004
Legal Registered Office Address: 2200 NELSON STREET

PANAMA CITY

32401

More information about BAY FABRICATION, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAY FABRICATION, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01
0012015-01-01SCOTT COLEMERE
0012014-01-01SCOTT COLEMERE SCOTT COLEMERE2015-08-12
0012013-01-01SCOTT COLEMERE SCOTT COLEMERE2014-08-18
0012012-01-01SCOTT COLEMERE SCOTT COLEMERE2013-08-19
0012011-01-01SCOTT COLEMERE SCOTT COLEMERE2012-09-26
0012009-01-01SCOTT COLEMERE SCOTT COLEMERE2010-10-11
0012009-01-01SCOTT COLEMERE SCOTT COLEMERE2010-10-11

Plan Statistics for BAY FABRICATION, INC. 401(K) PLAN

401k plan membership statisitcs for BAY FABRICATION, INC. 401(K) PLAN

Measure Date Value
2016: BAY FABRICATION, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01956
Total number of active participants reported on line 7a of the Form 55002016-01-01772
Number of retired or separated participants receiving benefits2016-01-0118
Number of other retired or separated participants entitled to future benefits2016-01-0138
Total of all active and inactive participants2016-01-01828
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01828
Number of participants with account balances2016-01-01352
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: BAY FABRICATION, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01895
Total number of active participants reported on line 7a of the Form 55002015-01-01804
Number of retired or separated participants receiving benefits2015-01-0119
Number of other retired or separated participants entitled to future benefits2015-01-0120
Total of all active and inactive participants2015-01-01843
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01843
Number of participants with account balances2015-01-01342
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012
2014: BAY FABRICATION, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01892
Total number of active participants reported on line 7a of the Form 55002014-01-01793
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0128
Total of all active and inactive participants2014-01-01821
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01821
Number of participants with account balances2014-01-01284
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: BAY FABRICATION, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01739
Total number of active participants reported on line 7a of the Form 55002013-01-01659
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0128
Total of all active and inactive participants2013-01-01687
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-01688
Number of participants with account balances2013-01-01205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: BAY FABRICATION, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01578
Total number of active participants reported on line 7a of the Form 55002012-01-01580
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0126
Total of all active and inactive participants2012-01-01606
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01606
Number of participants with account balances2012-01-01155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: BAY FABRICATION, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01527
Total number of active participants reported on line 7a of the Form 55002011-01-01515
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0123
Total of all active and inactive participants2011-01-01538
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01538
Number of participants with account balances2011-01-01154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: BAY FABRICATION, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01372
Total number of active participants reported on line 7a of the Form 55002009-01-01470
Number of other retired or separated participants entitled to future benefits2009-01-0116
Total of all active and inactive participants2009-01-01486
Total participants2009-01-01486
Number of participants with account balances2009-01-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on BAY FABRICATION, INC. 401(K) PLAN

Measure Date Value
2016 : BAY FABRICATION, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$2,453,580
Total of all expenses incurred2016-12-31$686,363
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$642,720
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,770,834
Value of total assets at end of year2016-12-31$8,853,724
Value of total assets at beginning of year2016-12-31$7,086,507
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$43,643
Total interest from all sources2016-12-31$38
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$153,707
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$153,707
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$2,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,062,844
Participant contributions at beginning of year2016-12-31$15,520
Administrative expenses (other) incurred2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$6,399,002
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$1,767,217
Value of net assets at end of year (total assets less liabilities)2016-12-31$8,853,724
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$7,086,507
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
Investment advisory and management fees2016-12-31$26,526
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$8,141,808
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$3,926
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$38
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$529,001
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$707,990
Employer contributions (assets) at end of year2016-12-31$707,990
Employer contributions (assets) at beginning of year2016-12-31$671,985
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$642,720
Contract administrator fees2016-12-31$17,117
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 name2016-12-31HARTMAN, BLACKMON & KILGORE, P.C.
Accountancy firm EIN2016-12-31631031732
2015 : BAY FABRICATION, INC. 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$0
Total transfer of assets from this plan2015-12-31$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$1,051
Total income from all sources (including contributions)2015-12-31$1,584,848
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$565,439
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$558,139
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,616,358
Value of total assets at end of year2015-12-31$7,086,507
Value of total assets at beginning of year2015-12-31$6,068,149
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$7,300
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$332,194
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$332,194
Administrative expenses professional fees incurred2015-12-31$7,300
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$2,000,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$944,373
Participant contributions at end of year2015-12-31$15,520
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$1,051
Total non interest bearing cash at end of year2015-12-31$6,399,002
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
Value of net income/loss2015-12-31$1,019,409
Value of net assets at end of year (total assets less liabilities)2015-12-31$7,086,507
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$6,067,098
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$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$5,344,962
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$204,336
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-363,704
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$671,985
Employer contributions (assets) at end of year2015-12-31$671,985
Employer contributions (assets) at beginning of year2015-12-31$518,851
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$558,139
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Did the plan have assets held for investment2015-12-31No
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 name2015-12-31HARTMANN, BLACKMON & KILGORE, P.C.
Accountancy firm EIN2015-12-31631031732
2014 : BAY FABRICATION, INC. 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,051
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$1,512,131
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$269,807
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$263,959
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,265,748
Value of total assets at end of year2014-12-31$6,068,149
Value of total assets at beginning of year2014-12-31$4,824,774
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$5,848
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$409,037
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$409,037
Administrative expenses professional fees incurred2014-12-31$5,848
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$2,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$706,617
Participant contributions at beginning of year2014-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$40,280
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$1,051
Other income not declared elsewhere2014-12-31$-389
Administrative expenses (other) incurred2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$1,242,324
Value of net assets at end of year (total assets less liabilities)2014-12-31$6,067,098
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$4,824,774
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$5,344,962
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$4,334,585
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$204,336
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$146,128
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-162,265
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$518,851
Employer contributions (assets) at end of year2014-12-31$518,851
Employer contributions (assets) at beginning of year2014-12-31$344,061
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$263,959
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31HARTMANN, BLACKMON & KILGORE, P.C.
Accountancy firm EIN2014-12-31631031732
2013 : BAY FABRICATION, INC. 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,525,303
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$307,117
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$304,923
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$884,114
Value of total assets at end of year2013-12-31$4,824,774
Value of total assets at beginning of year2013-12-31$3,606,588
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$2,194
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$171,347
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$171,347
Administrative expenses professional fees incurred2013-12-31$2,194
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$2,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$489,270
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$5,256
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$50,614
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$0
Administrative expenses (other) incurred2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$1,218,186
Value of net assets at end of year (total assets less liabilities)2013-12-31$4,824,774
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$3,606,588
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$4,334,585
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$3,249,361
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$146,128
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$97,018
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$469,842
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$344,230
Employer contributions (assets) at end of year2013-12-31$344,061
Employer contributions (assets) at beginning of year2013-12-31$254,953
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$304,923
Contract administrator fees2013-12-31$0
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31HARTMANN, BLACKMON & KILGORE, P.C.
Accountancy firm EIN2013-12-31631031732
2012 : BAY FABRICATION, INC. 401(K) PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$994,797
Total of all expenses incurred2012-12-31$220,423
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$217,748
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$640,775
Value of total assets at end of year2012-12-31$3,606,588
Value of total assets at beginning of year2012-12-31$2,832,214
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$2,675
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$99,219
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$99,219
Administrative expenses professional fees incurred2012-12-31$2,675
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$2,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$385,822
Participant contributions at end of year2012-12-31$5,256
Participant contributions at beginning of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$0
Other income not declared elsewhere2012-12-31$108
Total non interest bearing cash at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$774,374
Value of net assets at end of year (total assets less liabilities)2012-12-31$3,606,588
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,832,214
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$3,249,361
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,530,813
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$97,018
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$69,635
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$254,695
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$254,953
Employer contributions (assets) at end of year2012-12-31$254,953
Employer contributions (assets) at beginning of year2012-12-31$231,766
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$217,748
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31HARTMANN, BLACKMON & KILGORE, P.C.
Accountancy firm EIN2012-12-31631031732
2011 : BAY FABRICATION, INC. 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$459,433
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$161,425
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$158,925
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$567,939
Value of total assets at end of year2011-12-31$2,832,214
Value of total assets at beginning of year2011-12-31$2,534,206
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$2,500
Total interest from all sources2011-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$71,613
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$71,613
Administrative expenses professional fees incurred2011-12-31$2,500
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$2,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$335,336
Participant contributions at end of year2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$837
Other income not declared elsewhere2011-12-31$185
Total non interest bearing cash at end of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$298,008
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,832,214
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$2,534,206
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,530,813
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$2,297,998
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$69,635
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$75,405
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-180,304
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$231,766
Employer contributions (assets) at end of year2011-12-31$231,766
Employer contributions (assets) at beginning of year2011-12-31$160,803
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$158,925
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31HARTMANN, BLACKMON & KILGORE, P.C.
Accountancy firm EIN2011-12-31631031732
2010 : BAY FABRICATION, INC. 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$726,160
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$130,210
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$114,319
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$420,361
Value of total assets at end of year2010-12-31$2,534,206
Value of total assets at beginning of year2010-12-31$1,938,256
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$15,891
Total interest from all sources2010-12-31$123
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$24,514
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$24,514
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$265,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$259,558
Other income not declared elsewhere2010-12-31$388
Administrative expenses (other) incurred2010-12-31$1,732
Total non interest bearing cash at beginning of year2010-12-31$3,067
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$595,950
Value of net assets at end of year (total assets less liabilities)2010-12-31$2,534,206
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,938,256
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$2,297,998
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,778,007
Interest earned on other investments2010-12-31$123
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$75,405
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$7,081
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$280,774
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$160,803
Employer contributions (assets) at end of year2010-12-31$160,803
Employer contributions (assets) at beginning of year2010-12-31$150,101
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$114,319
Contract administrator fees2010-12-31$14,159
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31HARTMANN, BLACKMON & KILGORE, P.C.
Accountancy firm EIN2010-12-31631031732

Form 5500 Responses for BAY FABRICATION, INC. 401(K) PLAN

2016: BAY FABRICATION, INC. 401(K) PLAN 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 – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BAY FABRICATION, INC. 401(K) PLAN 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
2014: BAY FABRICATION, INC. 401(K) 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 filingNo
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 – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BAY FABRICATION, INC. 401(K) 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 – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BAY FABRICATION, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BAY FABRICATION, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: BAY FABRICATION, INC. 401(K) PLAN 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 - TrustYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-823485
Policy instance 1
Insurance contract or identification numberGA-823485
Number of Individuals Covered0
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $6,048
Total amount of fees paid to insurance companyUSD $0
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?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
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
Commission paid to Insurance BrokerUSD $6,048
Insurance broker organization code?3
Insurance broker nameRAYMOND JAMES INSURANCE GROUP, INC.
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract number823485
Policy instance 1
Insurance contract or identification number823485
Number of Individuals Covered271
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $4,864
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,864
Insurance broker organization code?3
Insurance broker nameRAYMOND JAMES INSURANCE GROUP, INC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract number823485
Policy instance 1
Insurance contract or identification number823485
Number of Individuals Covered204
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $3,655
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,655
Insurance broker organization code?3
Insurance broker namePLANNING CORP OF AMERICA
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract number823485
Policy instance 1
Insurance contract or identification number823485
Number of Individuals Covered152
Insurance policy start date2012-11-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $2,882
Total amount of fees paid to insurance companyUSD $0
Commission paid to Insurance BrokerUSD $2,882
Insurance broker organization code?3
Insurance broker namePLANNING CORP OF AMERICA
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract number823485
Policy instance 1
Insurance contract or identification number823485
Number of Individuals Covered152
Insurance policy start date2011-11-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $2,058
Total amount of fees paid to insurance companyUSD $214
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract number823485
Policy instance 1
Insurance contract or identification number823485
Number of Individuals Covered118
Insurance policy start date2010-11-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $11,408
Total amount of fees paid to insurance companyUSD $5,000
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number51507
Policy instance 2
Insurance contract or identification number51507
Number of Individuals Covered0
Insurance policy start date2010-01-01
Insurance policy end date2010-11-01
Total amount of commissions paid to insurance brokerUSD $5,140
Total amount of fees paid to insurance companyUSD $1,200
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes

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