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BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameBECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number 001

BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 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.
  • 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

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

Company Name:BECO, INC.
Employer identification number (EIN):560754223
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01LAYNE ROS
0012016-01-01LAYNE SAUNDERS2017-05-11
0012015-01-01LAYNE SAUNDERS2016-07-06
0012014-01-01BRENDA SODERLUND2015-06-29 BRENDA SODERLUND2015-06-29
0012013-01-01BRENDA SODERLUND2014-05-25
0012012-01-01BRENDA SODERLUND2013-07-22
0012011-01-01BRENDA SODERLUND
0012009-01-01DAVID L SAUNDERS

Plan Statistics for BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2022: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-01135
Total number of active participants reported on line 7a of the Form 55002022-01-0194
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0120
Total of all active and inactive participants2022-01-01114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01114
Number of participants with account balances2022-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-013
2021: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-01128
Total number of active participants reported on line 7a of the Form 55002021-01-01106
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0124
Total of all active and inactive participants2021-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01131
Number of participants with account balances2021-01-0169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-015
2020: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-01136
Total number of active participants reported on line 7a of the Form 55002020-01-01106
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0120
Total of all active and inactive participants2020-01-01126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01126
Number of participants with account balances2020-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-01134
Total number of active participants reported on line 7a of the Form 55002019-01-01114
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0116
Total of all active and inactive participants2019-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01130
Number of participants with account balances2019-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012
2018: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-01137
Total number of active participants reported on line 7a of the Form 55002018-01-01112
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0113
Total of all active and inactive participants2018-01-01125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01125
Number of participants with account balances2018-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-013
2017: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-01131
Total number of active participants reported on line 7a of the Form 55002017-01-01124
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0111
Total of all active and inactive participants2017-01-01135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01135
Number of participants with account balances2017-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-013
2011: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0174
Total number of active participants reported on line 7a of the Form 55002011-01-0157
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0157
Number of participants with account balances2011-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01105
Total number of active participants reported on line 7a of the Form 55002009-01-0173
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0114
Total of all active and inactive participants2009-01-0187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-0188
Number of participants with account balances2009-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015

Financial Data on BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2022 : BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$680
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-212,321
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$221,674
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$182,692
Value of total corrective distributions2022-12-31$3,715
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$236,861
Value of total assets at end of year2022-12-31$2,958,750
Value of total assets at beginning of year2022-12-31$3,392,065
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$35,267
Total interest from all sources2022-12-31$1,366
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$82,335
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$82,335
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$163,099
Participant contributions at end of year2022-12-31$56,191
Participant contributions at beginning of year2022-12-31$47,816
Participant contributions at end of year2022-12-31$7,104
Participant contributions at beginning of year2022-12-31$15,024
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$680
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Administrative expenses (other) incurred2022-12-31$35,267
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$4,357
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-433,995
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,958,070
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$3,392,065
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,144,846
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,858,658
Interest on participant loans2022-12-31$1,366
Value of interest in common/collective trusts at end of year2022-12-31$735,639
Value of interest in common/collective trusts at beginning of year2022-12-31$460,099
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-540,288
Net investment gain or loss from common/collective trusts2022-12-31$7,405
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$73,762
Employer contributions (assets) at end of year2022-12-31$14,970
Employer contributions (assets) at beginning of year2022-12-31$6,111
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$182,692
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31FORVIS, LLP
Accountancy firm EIN2022-12-31440160260
2021 : BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$649,949
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$184,494
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$139,819
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$256,171
Value of total assets at end of year2021-12-31$3,392,065
Value of total assets at beginning of year2021-12-31$2,926,610
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$44,675
Total interest from all sources2021-12-31$1,028
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$223,137
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$223,137
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$178,887
Participant contributions at end of year2021-12-31$47,816
Participant contributions at beginning of year2021-12-31$35,993
Participant contributions at end of year2021-12-31$15,024
Participant contributions at beginning of year2021-12-31$3,818
Administrative expenses (other) incurred2021-12-31$44,675
Total non interest bearing cash at end of year2021-12-31$4,357
Total non interest bearing cash at beginning of year2021-12-31$11,796
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$465,455
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,392,065
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,926,610
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$2,858,658
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,658,456
Interest on participant loans2021-12-31$1,028
Value of interest in common/collective trusts at end of year2021-12-31$460,099
Value of interest in common/collective trusts at beginning of year2021-12-31$214,847
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$162,208
Net investment gain or loss from common/collective trusts2021-12-31$7,405
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$77,284
Employer contributions (assets) at end of year2021-12-31$6,111
Employer contributions (assets) at beginning of year2021-12-31$1,700
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$139,819
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31FORVIS, LLP
Accountancy firm EIN2021-12-31440160260
2020 : BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$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$534,179
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$148,585
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$116,425
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$246,718
Value of total assets at end of year2020-12-31$2,926,610
Value of total assets at beginning of year2020-12-31$2,541,016
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$32,160
Total interest from all sources2020-12-31$681
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$88,514
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$88,514
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$162,411
Participant contributions at end of year2020-12-31$35,993
Participant contributions at beginning of year2020-12-31$37,480
Participant contributions at end of year2020-12-31$3,818
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$10,187
Administrative expenses (other) incurred2020-12-31$32,160
Total non interest bearing cash at end of year2020-12-31$11,796
Total non interest bearing cash at beginning of year2020-12-31$3,929
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$385,594
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,926,610
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,541,016
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$2,658,456
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$2,406,626
Interest on participant loans2020-12-31$681
Value of interest in common/collective trusts at end of year2020-12-31$214,847
Value of interest in common/collective trusts at beginning of year2020-12-31$92,981
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$198,266
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$74,120
Employer contributions (assets) at end of year2020-12-31$1,700
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$116,425
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2020-12-31560747981
2019 : BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$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$631,259
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$461,169
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$423,584
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$203,147
Value of total assets at end of year2019-12-31$2,541,016
Value of total assets at beginning of year2019-12-31$2,370,926
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$37,585
Total interest from all sources2019-12-31$1,377
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$15,074
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$15,074
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$140,163
Participant contributions at end of year2019-12-31$37,480
Participant contributions at beginning of year2019-12-31$61,432
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$1,095
Administrative expenses (other) incurred2019-12-31$37,585
Total non interest bearing cash at end of year2019-12-31$3,929
Total non interest bearing cash at beginning of year2019-12-31$2,473
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$170,090
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,541,016
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,370,926
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,406,626
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,051,644
Interest on participant loans2019-12-31$1,377
Value of interest in common/collective trusts at end of year2019-12-31$92,981
Value of interest in common/collective trusts at beginning of year2019-12-31$253,805
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$407,770
Net investment gain or loss from common/collective trusts2019-12-31$3,891
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$62,984
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$477
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$423,584
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2019-12-31560747981
2018 : BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$150,401
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$168,360
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$133,403
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$295,646
Value of total assets at end of year2018-12-31$2,370,926
Value of total assets at beginning of year2018-12-31$2,388,885
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$34,957
Total interest from all sources2018-12-31$1,881
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$23,365
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$23,365
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$250,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$171,454
Participant contributions at end of year2018-12-31$61,432
Participant contributions at beginning of year2018-12-31$15,861
Participant contributions at end of year2018-12-31$1,095
Participant contributions at beginning of year2018-12-31$1,259
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$47,328
Administrative expenses (other) incurred2018-12-31$34,957
Total non interest bearing cash at end of year2018-12-31$2,473
Total non interest bearing cash at beginning of year2018-12-31$166
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-17,959
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,370,926
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,388,885
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$2,051,644
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$2,105,326
Interest on participant loans2018-12-31$1,881
Value of interest in common/collective trusts at end of year2018-12-31$253,805
Value of interest in common/collective trusts at beginning of year2018-12-31$265,721
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-175,583
Net investment gain or loss from common/collective trusts2018-12-31$5,092
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$76,864
Employer contributions (assets) at end of year2018-12-31$477
Employer contributions (assets) at beginning of year2018-12-31$552
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$133,403
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2018-12-31560747981
2017 : BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$499,567
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$48,410
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$22,472
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$205,037
Value of total assets at end of year2017-12-31$2,388,885
Value of total assets at beginning of year2017-12-31$1,937,728
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$25,938
Total interest from all sources2017-12-31$445
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$12,142
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$12,142
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$140,876
Participant contributions at end of year2017-12-31$15,861
Participant contributions at beginning of year2017-12-31$8,779
Participant contributions at end of year2017-12-31$1,259
Participant contributions at beginning of year2017-12-31$0
Administrative expenses (other) incurred2017-12-31$25,938
Total non interest bearing cash at end of year2017-12-31$166
Total non interest bearing cash at beginning of year2017-12-31$80
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$451,157
Value of net assets at end of year (total assets less liabilities)2017-12-31$2,388,885
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$1,937,728
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$2,105,326
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$1,681,120
Interest on participant loans2017-12-31$445
Value of interest in common/collective trusts at end of year2017-12-31$265,721
Value of interest in common/collective trusts at beginning of year2017-12-31$247,749
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$275,591
Net investment gain or loss from common/collective trusts2017-12-31$6,352
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$64,161
Employer contributions (assets) at end of year2017-12-31$552
Employer contributions (assets) at beginning of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$22,472
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2017-12-31560747981
2011 : BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total income from all sources2011-12-31$38,107
Expenses. Total of all expenses incurred2011-12-31$48,400
Benefits paid (including direct rollovers)2011-12-31$46,119
Total plan assets at end of year2011-12-31$1,558,396
Total plan assets at beginning of year2011-12-31$1,568,689
Value of fidelity bond covering the plan2011-12-31$140,000
Total contributions received or receivable from participants2011-12-31$39,826
Expenses. Other expenses not covered elsewhere2011-12-31$1,502
Contributions received from other sources (not participants or employers)2011-12-31$328
Other income received2011-12-31$-20,734
Net income (gross income less expenses)2011-12-31$-10,293
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,558,396
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,568,689
Assets. Value of participant loans2011-12-31$57,720
Total contributions received or receivable from employer(s)2011-12-31$18,687
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$779
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
2010 : BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$200,407
Expenses. Total of all expenses incurred2010-12-31$82,679
Benefits paid (including direct rollovers)2010-12-31$82,121
Total plan assets at end of year2010-12-31$1,568,689
Total plan assets at beginning of year2010-12-31$1,450,961
Total contributions received or receivable from participants2010-12-31$39,863
Expenses. Other expenses not covered elsewhere2010-12-31$558
Contributions received from other sources (not participants or employers)2010-12-31$18,143
Other income received2010-12-31$135,368
Net income (gross income less expenses)2010-12-31$117,728
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,568,689
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,450,961
Total contributions received or receivable from employer(s)2010-12-31$7,033
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
2009 : BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST

2022: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2011: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2009: BECO, INC. 401(K) PROFIT SHARING PLAN AND TRUST 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

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-023883
Policy instance 1
Insurance contract or identification numberGA-023883
Number of Individuals Covered48
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $4,634
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-023883
Policy instance 1
Insurance contract or identification numberGA-023883
Number of Individuals Covered48
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $4,126
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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