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BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT PLAN 401k Plan overview

Plan NameBETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT PLAN
Plan identification number 001

BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT 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.
  • 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

THE BETTER BUSINESS BUREAU, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE BETTER BUSINESS BUREAU, INC.
Employer identification number (EIN):061002092
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Additional information about THE BETTER BUSINESS BUREAU, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1923-02-07
Company Identification Number: 18285
Legal Registered Office Address: ONE CANALSIDE
125 MAIN STREET
BUFFALO
United States of America (USA)
14203

More information about THE BETTER BUSINESS BUREAU, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01PAULETTE SCARPETTI2024-10-25
0012022-01-01PAULETTE SCARPETTI2023-03-23
0012021-01-01PAULETTE SCARPETTI2022-02-23 PAULETTE SCARPETTI2022-02-23
0012020-01-01PAULETTE SCARPETTI2021-04-07 PAULETTE SCARPETTI2021-04-07
0012019-01-01PAULETTE SCARPETTI2020-05-28
0012018-01-01PAULETTE SCARPETTI2019-03-07 PAULETTE SCARPETTI2019-03-07
0012017-01-01PAULETTE SCARPETTI2018-03-16 PAULETTE SCARPETTI2018-03-16
0012016-01-01PAULETTE SCARPETTI2017-03-13
0012015-01-01PAULETTE SCARPETTI2016-06-23
0012014-01-01PAULETTE SCARPETTI2015-09-16
0012013-01-01PAULETTE SCARPETTI2014-05-28 PAULETTE SCARPETTI2014-05-28
0012012-01-01PAULETTE N. SCARPETTI2013-05-24
0012011-01-01PAULETTE N. SCARPETTI2012-09-28
0012010-01-01PAULETTE N. SCARPETTI
0012009-01-01PAULETTE N. SCARPETTI

Financial Data on BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT PLAN

Measure Date Value
2025 : BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-27189548
Net assets as of the end of the plan year2025-06-272625099
Total assets as of the beginning of the plan year2025-06-272319824
Value of plan covered by a fidelity bond2025-06-27270000
Participant contributions to plan in this plan year2025-06-27159092
Value of participant loans at end of plan year2025-06-2723005
Other income to plan in this plan year2025-06-27275044
Plan net income in this plan year2025-06-27305275
Net assets as of the end of the plan year2025-06-272625099
Net assets as of the beginning of the plan year2025-06-272319824
Employer contributions to plan in this plan year2025-06-2760687
2024 : BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-10-250
Total expenses incurred by plan in this plan year2024-10-255556
Net assets as of the end of the plan year2024-10-252319824
Total assets as of the beginning of the plan year2024-10-251816072
Value of plan covered by a fidelity bond2024-10-25100000
Participant contributions to plan in this plan year2024-10-25130845
Value of participant loans at end of plan year2024-10-2510094
Other contributions to plan in this plan year2024-10-2546603
Other income to plan in this plan year2024-10-25274165
Plan net income in this plan year2024-10-25503752
Net assets as of the end of the plan year2024-10-252319824
Net assets as of the beginning of the plan year2024-10-251816072
Employer contributions to plan in this plan year2024-10-2557695
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-251150
2022 : BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-02-230
Total liabilities as of the end of the plan year2022-02-230
Total liabilities as of the beginning of the plan year2022-02-230
Total expenses incurred by plan in this plan year2022-02-23572301
Net assets as of the end of the plan year2022-02-232064127
Total assets as of the beginning of the plan year2022-02-232207331
Value of plan covered by a fidelity bond2022-02-23100000
Participant contributions to plan in this plan year2022-02-23118631
Value of participant loans at end of plan year2022-02-238978
Other expenses paid from plan in this plan year2022-02-230
Other contributions to plan in this plan year2022-02-230
Other income to plan in this plan year2022-02-23263893
Plan net income in this plan year2022-02-23-143204
Net assets as of the end of the plan year2022-02-232064127
Net assets as of the beginning of the plan year2022-02-232207331
Employer contributions to plan in this plan year2022-02-2346573
Expensese paid to adminstrative service provicers from plan in this plan year2022-02-231500
2010 : BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$106,447
Expenses. Total of all expenses incurred2010-12-31$13,495
Benefits paid (including direct rollovers)2010-12-31$13,217
Total plan assets at end of year2010-12-31$464,356
Total plan assets at beginning of year2010-12-31$371,404
Value of fidelity bond covering the plan2010-12-31$40,000
Total contributions received or receivable from participants2010-12-31$39,418
Other income received2010-12-31$55,674
Net income (gross income less expenses)2010-12-31$92,952
Net plan assets at end of year (total assets less liabilities)2010-12-31$464,356
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$371,404
Total contributions received or receivable from employer(s)2010-12-31$11,355
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$278
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 BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT PLAN

2010: BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT 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 funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BETTER BUSINESS BUREAU, INC. EMPLOYEE RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
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 – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPH4168
Policy instance 1

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