B & G ELECTRICAL CONTRACTORS OF has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan B & G ELECTRICAL CONTRACTORS OF NY, INC. 401(K) PLAN
401k plan membership statisitcs for B & G ELECTRICAL CONTRACTORS OF NY, INC. 401(K) PLAN
Measure | Date | Value |
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2020 : B & G ELECTRICAL CONTRACTORS OF NY, INC. 401(K) PLAN 2020 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total transfer of assets from this plan | 2020-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $1,508,795 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $3,396,189 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $3,371,854 |
Expenses. Certain deemed distributions of participant loans | 2020-12-31 | $5,144 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $646,556 |
Value of total assets at end of year | 2020-12-31 | $8,651,403 |
Value of total assets at beginning of year | 2020-12-31 | $10,538,797 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $19,191 |
Total interest from all sources | 2020-12-31 | $10,788 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $199,667 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $199,667 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $468,810 |
Participant contributions at end of year | 2020-12-31 | $240,566 |
Participant contributions at beginning of year | 2020-12-31 | $161,054 |
Other income not declared elsewhere | 2020-12-31 | $1,011 |
Administrative expenses (other) incurred | 2020-12-31 | $19,191 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $-1,887,394 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $8,651,403 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $10,538,797 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $7,342,326 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $10,179,065 |
Interest on participant loans | 2020-12-31 | $10,788 |
Value of interest in common/collective trusts at end of year | 2020-12-31 | $890,765 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $642,906 |
Net investment gain or loss from common/collective trusts | 2020-12-31 | $7,867 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $177,746 |
Employer contributions (assets) at end of year | 2020-12-31 | $177,746 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $198,678 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $3,371,854 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-12-31 | Yes |
Did the plan have assets held for investment | 2020-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | GRASSI & CO. |
Accountancy firm EIN | 2020-12-31 | 113266576 |
2019 : B & G ELECTRICAL CONTRACTORS OF NY, INC. 401(K) PLAN 2019 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $0 |
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total income from all sources (including contributions) | 2019-12-31 | $2,183,949 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $267,992 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $234,535 |
Expenses. Certain deemed distributions of participant loans | 2019-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $704,249 |
Value of total assets at end of year | 2019-12-31 | $10,538,797 |
Value of total assets at beginning of year | 2019-12-31 | $8,622,840 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $33,457 |
Total interest from all sources | 2019-12-31 | $5,745 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $363,660 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $363,660 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $505,571 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $0 |
Assets. Loans (other than to participants) at end of year | 2019-12-31 | $161,054 |
Assets. Loans (other than to participants) at beginning of year | 2019-12-31 | $78,431 |
Administrative expenses (other) incurred | 2019-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $1,915,957 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $10,538,797 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $8,622,840 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $8,774,052 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $7,110,455 |
Income. Interest from loans (other than to participants) | 2019-12-31 | $5,745 |
Interest earned on other investments | 2019-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $1,405,013 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $1,235,124 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $1,110,295 |
Net investment gain/loss from pooled separate accounts | 2019-12-31 | $0 |
Net investment gain or loss from common/collective trusts | 2019-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $198,678 |
Employer contributions (assets) at end of year | 2019-12-31 | $198,678 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $198,830 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $234,535 |
Contract administrator fees | 2019-12-31 | $33,457 |
Did the plan have assets held for investment | 2019-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | GRASSI & CO. |
Accountancy firm EIN | 2019-12-31 | 113266576 |