Logo

BUSINESS BENEFITS, INC. 401K PLAN 401k Plan overview

Plan NameBUSINESS BENEFITS, INC. 401K PLAN
Plan identification number 001

BUSINESS BENEFITS, INC. 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

BUSINESS BENEFITS, INC. has sponsored the creation of one or more 401k plans.

Company Name:BUSINESS BENEFITS, INC.
Employer identification number (EIN):880272611
NAIC Classification:524290

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUSINESS BENEFITS, INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TIMOTHY DEROSA2024-08-20 TIMOTHY DEROSA2024-08-20
0012022-01-01TIMOTHY DEROSA2023-07-17 TIMOTHY DEROSA2023-07-17
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01TIMOTHY DEROSA2017-09-07
0012016-01-01TIMOTHY DEROSA2017-09-07
0012015-01-01TIMOTHY DEROSA2016-10-10
0012014-01-01TIM DEROSA2015-06-03
0012013-01-01TIM DEROSA2014-05-13
0012012-01-01TIM DEROSA2013-10-14
0012011-01-01TIM DEROSA2012-07-12
0012010-01-01TIM DEROSA

Financial Data on BUSINESS BENEFITS, INC. 401K PLAN

Measure Date Value
2025 : BUSINESS BENEFITS, INC. 401K PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-050
Total liabilities as of the end of the plan year2025-06-050
Total liabilities as of the beginning of the plan year2025-06-050
Total expenses incurred by plan in this plan year2025-06-0527169
Net assets as of the end of the plan year2025-06-056180734
Total assets as of the beginning of the plan year2025-06-055085222
Value of plan covered by a fidelity bond2025-06-05500000
Participant contributions to plan in this plan year2025-06-0568640
Value of participant loans at end of plan year2025-06-0517158
Other expenses paid from plan in this plan year2025-06-050
Other contributions to plan in this plan year2025-06-050
Other income to plan in this plan year2025-06-05902213
Plan net income in this plan year2025-06-051095512
Net assets as of the end of the plan year2025-06-056180734
Net assets as of the beginning of the plan year2025-06-055085222
Employer contributions to plan in this plan year2025-06-05151828
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-050
2024 : BUSINESS BENEFITS, INC. 401K PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-200
Total liabilities as of the end of the plan year2024-08-200
Total liabilities as of the beginning of the plan year2024-08-2039477
Total expenses incurred by plan in this plan year2024-08-2020287
Net assets as of the end of the plan year2024-08-205085222
Total assets as of the beginning of the plan year2024-08-204247038
Value of plan covered by a fidelity bond2024-08-20500000
Participant contributions to plan in this plan year2024-08-2068344
Value of participant loans at end of plan year2024-08-2029187
Other expenses paid from plan in this plan year2024-08-200
Other contributions to plan in this plan year2024-08-200
Other income to plan in this plan year2024-08-20736799
Plan net income in this plan year2024-08-20877661
Net assets as of the end of the plan year2024-08-205085222
Net assets as of the beginning of the plan year2024-08-204207561
Employer contributions to plan in this plan year2024-08-2092805
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-2020287
2022 : BUSINESS BENEFITS, INC. 401K PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-250
Total liabilities as of the end of the plan year2022-07-25184069
Total liabilities as of the beginning of the plan year2022-07-25309875
Total expenses incurred by plan in this plan year2022-07-25287716
Net assets as of the end of the plan year2022-07-254947713
Total assets as of the beginning of the plan year2022-07-254727627
Value of plan covered by a fidelity bond2022-07-25500000
Participant contributions to plan in this plan year2022-07-2558737
Value of participant loans at end of plan year2022-07-2544463
Other expenses paid from plan in this plan year2022-07-250
Other contributions to plan in this plan year2022-07-250
Other income to plan in this plan year2022-07-25448905
Plan net income in this plan year2022-07-25345892
Net assets as of the end of the plan year2022-07-254763644
Net assets as of the beginning of the plan year2022-07-254417752
Employer contributions to plan in this plan year2022-07-25125966
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-2516340
2010 : BUSINESS BENEFITS, INC. 401K PLAN 2010 401k financial data
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$39,402
Expenses. Total of all expenses incurred2010-12-31$1,281
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$176,231
Total plan assets at beginning of year2010-12-31$138,110
Total contributions received or receivable from participants2010-12-31$19,076
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$16,581
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$38,121
Net plan assets at end of year (total assets less liabilities)2010-12-31$176,231
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$138,110
Assets. Value of participant loans2010-12-31$8,261
Total contributions received or receivable from employer(s)2010-12-31$3,745
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,281
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for BUSINESS BENEFITS, INC. 401K PLAN

2010: BUSINESS BENEFITS, INC. 401K PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number630198
Policy instance 1

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1