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STERLING BV, INC. 401(K) PLAN 401k Plan overview

Plan NameSTERLING BV, INC. 401(K) PLAN
Plan identification number 001

STERLING BV, 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

STERLING BV, INC. has sponsored the creation of one or more 401k plans.

Company Name:STERLING BV, INC.
Employer identification number (EIN):811791939
NAIC Classification:311800
NAIC Description: Bakeries and Tortilla Manufacturing

Additional information about STERLING BV, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2016-03-16
Company Identification Number: 0802416312
Legal Registered Office Address: 1075 ARION PKWY

SAN ANTONIO
United States of America (USA)
78216

More information about STERLING BV, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STERLING BV, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01TERE DRESNER-SALINAS
0012017-01-01TERE DRESNER-SALINAS
0012016-01-01TERE DRESNER-SALINAS

Plan Statistics for STERLING BV, INC. 401(K) PLAN

401k plan membership statisitcs for STERLING BV, INC. 401(K) PLAN

Measure Date Value
2022: STERLING BV, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01972
Total number of active participants reported on line 7a of the Form 55002022-01-01803
Number of retired or separated participants receiving benefits2022-01-013
Number of other retired or separated participants entitled to future benefits2022-01-01245
Total of all active and inactive participants2022-01-011,051
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-013
Total participants2022-01-011,054
Number of participants with account balances2022-01-01597
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: STERLING BV, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01978
Total number of active participants reported on line 7a of the Form 55002021-01-01781
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-01175
Total of all active and inactive participants2021-01-01958
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01959
Number of participants with account balances2021-01-01455
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: STERLING BV, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01859
Total number of active participants reported on line 7a of the Form 55002020-01-01804
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01155
Total of all active and inactive participants2020-01-01959
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01960
Number of participants with account balances2020-01-01393
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: STERLING BV, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011,146
Total number of active participants reported on line 7a of the Form 55002019-01-01715
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-01130
Total of all active and inactive participants2019-01-01846
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01847
Number of participants with account balances2019-01-01282
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: STERLING BV, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01896
Total number of active participants reported on line 7a of the Form 55002018-01-011,025
Number of retired or separated participants receiving benefits2018-01-012
Number of other retired or separated participants entitled to future benefits2018-01-0184
Total of all active and inactive participants2018-01-011,111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-011,112
Number of participants with account balances2018-01-01216
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: STERLING BV, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01704
Total number of active participants reported on line 7a of the Form 55002017-01-01716
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-0182
Total of all active and inactive participants2017-01-01800
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01801
Number of participants with account balances2017-01-01153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: STERLING BV, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01648
Total number of active participants reported on line 7a of the Form 55002016-01-01544
Number of other retired or separated participants entitled to future benefits2016-01-01104
Total of all active and inactive participants2016-01-01648
Total participants2016-01-01648
Number of participants with account balances2016-01-01170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011

Financial Data on STERLING BV, INC. 401(K) PLAN

Measure Date Value
2022 : STERLING BV, INC. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-141,163
Total of all expenses incurred2022-12-31$177,349
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$157,231
Expenses. Certain deemed distributions of participant loans2022-12-31$1,577
Value of total corrective distributions2022-12-31$7,282
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$376,703
Value of total assets at end of year2022-12-31$3,234,342
Value of total assets at beginning of year2022-12-31$3,552,854
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$11,259
Total interest from all sources2022-12-31$14,584
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$376,703
Participant contributions at end of year2022-12-31$45,731
Participant contributions at beginning of year2022-12-31$19,570
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$182
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Administrative expenses (other) incurred2022-12-31$11,259
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-318,512
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,234,342
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$3,552,854
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$2,301,469
Value of interest in pooled separate accounts at beginning of year2022-12-31$2,735,242
Interest on participant loans2022-12-31$1,778
Interest earned on other investments2022-12-31$12,806
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$886,960
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$798,042
Net investment gain/loss from pooled separate accounts2022-12-31$-532,450
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$157,231
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31KBFALK, PLLC
Accountancy firm EIN2022-12-31823097971
2021 : STERLING BV, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$678,158
Total of all expenses incurred2021-12-31$185,564
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$161,949
Expenses. Certain deemed distributions of participant loans2021-12-31$991
Value of total corrective distributions2021-12-31$16,259
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$328,048
Value of total assets at end of year2021-12-31$3,552,854
Value of total assets at beginning of year2021-12-31$3,060,260
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$6,365
Total interest from all sources2021-12-31$14,165
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$1,000,000
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$328,048
Participant contributions at end of year2021-12-31$19,570
Participant contributions at beginning of year2021-12-31$40,043
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Administrative expenses (other) incurred2021-12-31$6,365
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$492,594
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,552,854
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,060,260
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 pooled separate accounts at end of year2021-12-31$2,735,242
Value of interest in pooled separate accounts at beginning of year2021-12-31$2,353,381
Interest on participant loans2021-12-31$1,830
Interest earned on other investments2021-12-31$12,335
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$798,042
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$666,836
Net investment gain/loss from pooled separate accounts2021-12-31$335,945
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$161,949
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
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 name2021-12-31BDO USA, LLP
Accountancy firm EIN2021-12-31135381590
2020 : STERLING BV, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$708,100
Total of all expenses incurred2020-12-31$247,376
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$210,475
Expenses. Certain deemed distributions of participant loans2020-12-31$628
Value of total corrective distributions2020-12-31$29,519
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$302,617
Value of total assets at end of year2020-12-31$3,060,260
Value of total assets at beginning of year2020-12-31$2,599,536
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$6,754
Total interest from all sources2020-12-31$11,542
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$302,617
Participant contributions at end of year2020-12-31$40,043
Participant contributions at beginning of year2020-12-31$56,405
Administrative expenses (other) incurred2020-12-31$6,754
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$460,724
Value of net assets at end of year (total assets less liabilities)2020-12-31$3,060,260
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,599,536
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in pooled separate accounts at end of year2020-12-31$2,353,381
Value of interest in pooled separate accounts at beginning of year2020-12-31$2,176,822
Interest on participant loans2020-12-31$2,515
Interest earned on other investments2020-12-31$9,027
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$666,836
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$366,309
Net investment gain/loss from pooled separate accounts2020-12-31$393,941
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$210,475
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BDO USA, LLP
Accountancy firm EIN2020-12-31135381590
2019 : STERLING BV, INC. 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$726,665
Total income from all sources (including contributions)2019-12-31$726,665
Total of all expenses incurred2019-12-31$102,047
Total of all expenses incurred2019-12-31$102,047
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$65,765
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$65,765
Value of total corrective distributions2019-12-31$29,402
Value of total corrective distributions2019-12-31$29,402
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$312,229
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$312,229
Value of total assets at end of year2019-12-31$2,599,536
Value of total assets at end of year2019-12-31$2,599,536
Value of total assets at beginning of year2019-12-31$1,974,918
Value of total assets at beginning of year2019-12-31$1,974,918
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$6,880
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$6,880
Total interest from all sources2019-12-31$7,235
Total interest from all sources2019-12-31$7,235
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$294,634
Contributions received from participants2019-12-31$294,634
Participant contributions at end of year2019-12-31$56,405
Participant contributions at end of year2019-12-31$56,405
Participant contributions at beginning of year2019-12-31$29,533
Participant contributions at beginning of year2019-12-31$29,533
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$17,595
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$17,595
Administrative expenses (other) incurred2019-12-31$6,880
Administrative expenses (other) incurred2019-12-31$6,880
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$624,618
Value of net income/loss2019-12-31$624,618
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,599,536
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,599,536
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,974,918
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,974,918
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$2,176,822
Value of interest in pooled separate accounts at end of year2019-12-31$2,176,822
Value of interest in pooled separate accounts at beginning of year2019-12-31$1,695,754
Value of interest in pooled separate accounts at beginning of year2019-12-31$1,695,754
Interest on participant loans2019-12-31$2,416
Interest on participant loans2019-12-31$2,416
Interest earned on other investments2019-12-31$4,819
Interest earned on other investments2019-12-31$4,819
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$366,309
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$366,309
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$249,631
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$249,631
Net investment gain/loss from pooled separate accounts2019-12-31$407,201
Net investment gain/loss from pooled separate accounts2019-12-31$407,201
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$65,765
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$65,765
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BDO USA, LLP
Accountancy firm name2019-12-31BDO USA, LLP
Accountancy firm EIN2019-12-31135381590
Accountancy firm EIN2019-12-31135381590
2018 : STERLING BV, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$76,850
Total of all expenses incurred2018-12-31$60,303
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$35,660
Value of total corrective distributions2018-12-31$16,531
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$173,603
Value of total assets at end of year2018-12-31$1,974,918
Value of total assets at beginning of year2018-12-31$1,958,371
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$8,112
Total interest from all sources2018-12-31$4,163
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$173,603
Participant contributions at end of year2018-12-31$29,533
Participant contributions at beginning of year2018-12-31$25,715
Administrative expenses (other) incurred2018-12-31$8,112
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$16,547
Value of net assets at end of year (total assets less liabilities)2018-12-31$1,974,918
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$1,958,371
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$1,695,754
Value of interest in pooled separate accounts at beginning of year2018-12-31$1,710,908
Interest on participant loans2018-12-31$1,097
Interest earned on other investments2018-12-31$3,066
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$249,631
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$221,748
Net investment gain/loss from pooled separate accounts2018-12-31$-100,916
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$35,660
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BDO USA, LLP
Accountancy firm EIN2018-12-31135381590
2017 : STERLING BV, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$450,404
Total of all expenses incurred2017-12-31$171,374
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$166,254
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$185,810
Value of total assets at end of year2017-12-31$1,958,371
Value of total assets at beginning of year2017-12-31$1,679,341
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$5,120
Total interest from all sources2017-12-31$3,940
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$181,254
Participant contributions at end of year2017-12-31$25,715
Participant contributions at beginning of year2017-12-31$32,413
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$4,556
Administrative expenses (other) incurred2017-12-31$5,120
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$279,030
Value of net assets at end of year (total assets less liabilities)2017-12-31$1,958,371
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$1,679,341
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$1,710,908
Value of interest in pooled separate accounts at beginning of year2017-12-31$1,459,557
Interest on participant loans2017-12-31$1,298
Interest earned on other investments2017-12-31$2,642
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$221,748
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$187,371
Net investment gain/loss from pooled separate accounts2017-12-31$260,654
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$166,254
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31PADGETT STRATMAN & CO, LLP
Accountancy firm EIN2017-12-31741650885
2016 : STERLING BV, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$296,690
Total of all expenses incurred2016-12-31$455,804
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$412,856
Value of total corrective distributions2016-12-31$38,012
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$184,910
Value of total assets at end of year2016-12-31$1,679,341
Value of total assets at beginning of year2016-12-31$1,838,455
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$4,936
Total interest from all sources2016-12-31$1,007
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$184,910
Participant contributions at end of year2016-12-31$32,413
Participant contributions at beginning of year2016-12-31$15,473
Other income not declared elsewhere2016-12-31$2,650
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-159,114
Value of net assets at end of year (total assets less liabilities)2016-12-31$1,679,341
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$1,838,455
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$1,459,557
Value of interest in pooled separate accounts at beginning of year2016-12-31$1,629,451
Interest on participant loans2016-12-31$1,007
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$187,371
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$193,531
Net investment gain/loss from pooled separate accounts2016-12-31$108,123
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 contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$412,856
Contract administrator fees2016-12-31$4,936
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 name2016-12-31PADGETT STRATMAN & CO, LLP
Accountancy firm EIN2016-12-31741650885

Form 5500 Responses for STERLING BV, INC. 401(K) PLAN

2022: STERLING BV, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: STERLING BV, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: STERLING BV, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: STERLING BV, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: STERLING BV, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: STERLING BV, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: STERLING BV, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number999180
Policy instance 1
Insurance contract or identification number999180
Number of Individuals Covered597
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $8,102
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 $8,102
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number999180
Policy instance 1
Insurance contract or identification number999180
Number of Individuals Covered455
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $8,098
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 $8,098
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number999180
Policy instance 1
Insurance contract or identification number999180
Number of Individuals Covered393
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $6,500
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 $6,500
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number999180
Policy instance 1
Insurance contract or identification number999180
Number of Individuals Covered282
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $5,632
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 $5,632
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number999180
Policy instance 1
Insurance contract or identification number999180
Number of Individuals Covered216
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $5,075
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 $5,075
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number999180
Policy instance 1
Insurance contract or identification number999180
Number of Individuals Covered153
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $4,478
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 $4,478
Insurance broker organization code?3
Insurance broker nameSTIFEL NICOLAUS & CO INC

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