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SOUTH BAY COMMUNICATIONS 401(K) PLAN 401k Plan overview

Plan NameSOUTH BAY COMMUNICATIONS 401(K) PLAN
Plan identification number 001

SOUTH BAY COMMUNICATIONS 401(K) 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

SOUTH BAY COMMUNICATIONS, INC has sponsored the creation of one or more 401k plans.

Company Name:SOUTH BAY COMMUNICATIONS, INC
Employer identification number (EIN):383907453
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH BAY COMMUNICATIONS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SPRING BOURN2024-04-09
0012022-01-01SPRING BOURN2023-07-19
0012021-01-01SPRING BOURN2022-07-28
0012020-01-01CAROL HO2021-05-11
0012019-01-01CAROL HO2020-07-08

Financial Data on SOUTH BAY COMMUNICATIONS 401(K) PLAN

Measure Date Value
2025 : SOUTH BAY COMMUNICATIONS 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-03-310
Total liabilities as of the end of the plan year2025-03-310
Total liabilities as of the beginning of the plan year2025-03-310
Total expenses incurred by plan in this plan year2025-03-3180001
Net assets as of the end of the plan year2025-03-31310704
Total assets as of the beginning of the plan year2025-03-31278424
Value of plan covered by a fidelity bond2025-03-31190000
Participant contributions to plan in this plan year2025-03-3134654
Other expenses paid from plan in this plan year2025-03-310
Other contributions to plan in this plan year2025-03-310
Other income to plan in this plan year2025-03-3168646
Plan net income in this plan year2025-03-3132280
Net assets as of the end of the plan year2025-03-31310704
Net assets as of the beginning of the plan year2025-03-31278424
Employer contributions to plan in this plan year2025-03-318981
Fees paid to broker by Benefit Provider2025-03-312163
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-315941
2024 : SOUTH BAY COMMUNICATIONS 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-090
Total liabilities as of the end of the plan year2024-04-090
Total liabilities as of the beginning of the plan year2024-04-090
Total expenses incurred by plan in this plan year2024-04-097950
Net assets as of the end of the plan year2024-04-09278424
Total assets as of the beginning of the plan year2024-04-09193964
Value of plan covered by a fidelity bond2024-04-09190000
Participant contributions to plan in this plan year2024-04-0934208
Other expenses paid from plan in this plan year2024-04-090
Other contributions to plan in this plan year2024-04-090
Other income to plan in this plan year2024-04-0947721
Plan net income in this plan year2024-04-0984460
Net assets as of the end of the plan year2024-04-09278424
Net assets as of the beginning of the plan year2024-04-09193964
Employer contributions to plan in this plan year2024-04-0910481
Fees paid to broker by Benefit Provider2024-04-091491
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-094549
2022 : SOUTH BAY COMMUNICATIONS 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-280
Total liabilities as of the end of the plan year2022-07-282069
Total liabilities as of the beginning of the plan year2022-07-280
Total expenses incurred by plan in this plan year2022-07-283126
Net assets as of the end of the plan year2022-07-28169545
Total assets as of the beginning of the plan year2022-07-2872644
Value of plan covered by a fidelity bond2022-07-28190000
Participant contributions to plan in this plan year2022-07-2861387
Value of participant loans at end of plan year2022-07-280
Other expenses paid from plan in this plan year2022-07-280
Other income to plan in this plan year2022-07-2810979
Plan net income in this plan year2022-07-2894832
Net assets as of the end of the plan year2022-07-28167476
Net assets as of the beginning of the plan year2022-07-2872644
Employer contributions to plan in this plan year2022-07-2825592
Fees paid to broker by Benefit Provider2022-07-28924
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-281270

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