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EMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION 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.
  • 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

THE BAYONNE ECONOMIC OPPORTUNITY FO UNDATION has sponsored the creation of one or more 401k plans.

Company Name:THE BAYONNE ECONOMIC OPPORTUNITY FO UNDATION
Employer identification number (EIN):221811616
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MONIQUE YOUNG2024-07-30
0012022-01-01MONIQUE YOUNG2023-09-20
0012021-01-01MONIQUE YOUNG2022-10-21
0012020-01-01MONIQUE YOUNG2021-07-08
0012019-01-01MONIQUE YOUNG2020-07-20
0012018-01-01MONIQUE YOUNG2019-10-01
0012017-01-01MONIQUE YOUNG2018-10-02 MONIQUE YOUNG2018-10-02
0012016-01-01MONIQUE YOUNG2017-05-24 MONIQUE YOUNG2017-05-24
0012015-01-01MONIQUE YOUNG2016-08-01 MONIQUE YOUNG2016-08-01
0012014-01-01MONIQUE YOUNG2015-07-29 MONIQUE YOUNG2015-07-29
0012013-01-01

Plan Statistics for EMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION

Measure Date Value
2025: EMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION 2025 401k membership
Total number of particpants at beginning of year2025-05-2227
Total number of particpants at end of year2025-05-2227
Number of Participants With Account Balances2025-05-2222
2024: EMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION 2024 401k membership
Total number of particpants at beginning of year2024-07-3027
Total number of particpants at end of year2024-07-3027
Number of Participants With Account Balances2024-07-3022

Financial Data on EMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION 2025 401k financial data
Total transfers to/from plan in this plan year2025-05-220
Total liabilities as of the end of the plan year2025-05-220
Total liabilities as of the beginning of the plan year2025-05-220
Total expenses incurred by plan in this plan year2025-05-225362
Net assets as of the end of the plan year2025-05-22308574
Total assets as of the beginning of the plan year2025-05-22243358
Value of plan covered by a fidelity bond2025-05-222000000
Participant contributions to plan in this plan year2025-05-2241218
Value of participant loans at end of plan year2025-05-2227957
Other expenses paid from plan in this plan year2025-05-220
Other contributions to plan in this plan year2025-05-220
Other income to plan in this plan year2025-05-2229360
Plan net income in this plan year2025-05-2265216
Net assets as of the end of the plan year2025-05-22308574
Net assets as of the beginning of the plan year2025-05-22243358
Employer contributions to plan in this plan year2025-05-220
Fees paid to broker by Benefit Provider2025-05-2254
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-2254
2024 : EMPLOYEE BENEFIT PLAN OF THE BAYONNE ECONOMIC OPPORTUNITY FOUNDATION 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-300
Total liabilities as of the end of the plan year2024-07-300
Total liabilities as of the beginning of the plan year2024-07-300
Total expenses incurred by plan in this plan year2024-07-309998
Net assets as of the end of the plan year2024-07-30243358
Total assets as of the beginning of the plan year2024-07-30182227
Value of plan covered by a fidelity bond2024-07-302000000
Participant contributions to plan in this plan year2024-07-3045546
Value of participant loans at end of plan year2024-07-3041427
Other expenses paid from plan in this plan year2024-07-300
Other contributions to plan in this plan year2024-07-300
Other income to plan in this plan year2024-07-3025583
Plan net income in this plan year2024-07-3061131
Net assets as of the end of the plan year2024-07-30243358
Net assets as of the beginning of the plan year2024-07-30182227
Employer contributions to plan in this plan year2024-07-300
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-3014

Potentially related plans

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