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BOMAR INDUSTRIES INVESTMENT PLAN 401k Plan overview

Plan NameBOMAR INDUSTRIES INVESTMENT PLAN
Plan identification number 001

BOMAR INDUSTRIES INVESTMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

BOMAR INDUSTRIES, INC has sponsored the creation of one or more 401k plans.

Company Name:BOMAR INDUSTRIES, INC
Employer identification number (EIN):863017594
NAIC Classification:551112
NAIC Description:Offices of Other Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BOMAR INDUSTRIES INVESTMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARCO BOGGIO2024-07-29
0012022-01-01
0012021-04-01

Plan Statistics for BOMAR INDUSTRIES INVESTMENT PLAN

401k plan membership statisitcs for BOMAR INDUSTRIES INVESTMENT PLAN

Measure Date Value
2023: BOMAR INDUSTRIES INVESTMENT PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-011
Total number of active participants reported on line 7a of the Form 55002023-01-011
Total of all active and inactive participants2023-01-011
Total participants2023-01-011
Number of participants with account balances2023-01-011
2022: BOMAR INDUSTRIES INVESTMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011
Total number of active participants reported on line 7a of the Form 55002022-01-011
Total of all active and inactive participants2022-01-011
Total participants2022-01-011
Number of participants with account balances2022-01-011
2021: BOMAR INDUSTRIES INVESTMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-04-011
Total number of active participants reported on line 7a of the Form 55002021-04-011
Total of all active and inactive participants2021-04-011
Total participants2021-04-011
Number of participants with account balances2021-04-011

Financial Data on BOMAR INDUSTRIES INVESTMENT PLAN

Measure Date Value
2023 : BOMAR INDUSTRIES INVESTMENT PLAN 2023 401k financial data
Expenses. Total of all expenses incurred2023-12-31$6,795
Total plan assets at end of year2023-12-31$334,422
Total plan assets at beginning of year2023-12-31$341,217
Net income (gross income less expenses)2023-12-31$-6,795
Net plan assets at end of year (total assets less liabilities)2023-12-31$334,422
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$341,217
Assets. Value of employer securities2023-12-31$334,422
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$6,795
2022 : BOMAR INDUSTRIES INVESTMENT PLAN 2022 401k financial data
Expenses. Total of all expenses incurred2022-12-31$750
Total plan assets at end of year2022-12-31$341,217
Total plan assets at beginning of year2022-12-31$341,967
Net income (gross income less expenses)2022-12-31$-750
Net plan assets at end of year (total assets less liabilities)2022-12-31$341,217
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$341,967
Assets. Value of employer securities2022-12-31$341,217
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$750
2021 : BOMAR INDUSTRIES INVESTMENT PLAN 2021 401k financial data
Total income from all sources2021-12-31$355,198
Expenses. Total of all expenses incurred2021-12-31$13,231
Total plan assets at end of year2021-12-31$341,967
Total plan assets at beginning of year2021-12-31$0
Total contributions received or receivable from participants2021-12-31$198
Expenses. Other expenses not covered elsewhere2021-12-31$13,231
Noncash contributions received2021-12-31$355,000
Net income (gross income less expenses)2021-12-31$341,967
Net plan assets at end of year (total assets less liabilities)2021-12-31$341,967
Assets. Value of employer securities2021-12-31$341,967

Form 5500 Responses for BOMAR INDUSTRIES INVESTMENT PLAN

2023: BOMAR INDUSTRIES INVESTMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: BOMAR INDUSTRIES INVESTMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BOMAR INDUSTRIES INVESTMENT PLAN 2021 form 5500 responses
2021-04-01Type of plan entitySingle employer plan
2021-04-01First time form 5500 has been submittedYes
2021-04-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-04-01Plan funding arrangement – TrustYes
2021-04-01Plan benefit arrangement - TrustYes

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