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BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameBLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN
Plan identification number 001

BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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

BLUE GRASS BUSINESS SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:BLUE GRASS BUSINESS SERVICES, INC.
Employer identification number (EIN):610912645
NAIC Classification:561490

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BOB ALLEN2024-04-24
0012022-01-01BOB ALLEN2023-03-30
0012021-01-01BOB ALLEN2022-08-18
0012020-01-01BOB ALLEN2021-07-14
0012019-01-01
0012018-01-01BOB ALLEN2019-04-08
0012017-01-01BOB ALLEN2018-04-25
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01BOB ALLEN2014-07-09
0012012-01-01BOB ALLEN2013-05-10 BOB ALLEN2013-05-10
0012011-01-01BOB ALLEN2012-02-02 BOB ALLEN2012-02-02
0012010-01-01BOB ALLEN2011-05-11 BOB ALLEN2011-05-11

Plan Statistics for BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN

Measure Date Value
2025: BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-03-1861
Total number of particpants at end of year2025-03-1861
Number of Participants With Account Balances2025-03-1854
2024: BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-04-2469
Total number of particpants at end of year2024-04-2461
Number of Participants With Account Balances2024-04-2456
2022: BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-08-1890
Total number of particpants at end of year2022-08-1877
Number of Participants With Account Balances2022-08-1873
2019: BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01123
Total number of active participants reported on line 7a of the Form 55002019-01-01103
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-015
Total of all active and inactive participants2019-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01108
Number of participants with account balances2019-01-0185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012

Financial Data on BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN

Measure Date Value
2025 : BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-03-180
Total liabilities as of the beginning of the plan year2025-03-180
Total expenses incurred by plan in this plan year2025-03-18673948
Net assets as of the end of the plan year2025-03-185058256
Total assets as of the beginning of the plan year2025-03-184802254
Value of plan covered by a fidelity bond2025-03-18500000
Participant contributions to plan in this plan year2025-03-18151684
Other expenses paid from plan in this plan year2025-03-180
Other contributions to plan in this plan year2025-03-1837004
Other income to plan in this plan year2025-03-18741262
Plan net income in this plan year2025-03-18256002
Net assets as of the end of the plan year2025-03-185058256
Net assets as of the beginning of the plan year2025-03-184802254
Employer contributions to plan in this plan year2025-03-180
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-181300
2024 : BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-240
Total liabilities as of the end of the plan year2024-04-240
Total liabilities as of the beginning of the plan year2024-04-240
Total expenses incurred by plan in this plan year2024-04-241029666
Net assets as of the end of the plan year2024-04-244802254
Total assets as of the beginning of the plan year2024-04-244709119
Value of plan covered by a fidelity bond2024-04-24500000
Participant contributions to plan in this plan year2024-04-24153094
Other expenses paid from plan in this plan year2024-04-240
Other contributions to plan in this plan year2024-04-240
Other income to plan in this plan year2024-04-24929105
Plan net income in this plan year2024-04-2493135
Net assets as of the end of the plan year2024-04-244802254
Net assets as of the beginning of the plan year2024-04-244709119
Employer contributions to plan in this plan year2024-04-2440602
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-241500
2022 : BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-08-18378663
Net assets as of the end of the plan year2022-08-185444339
Total assets as of the beginning of the plan year2022-08-184597361
Value of plan covered by a fidelity bond2022-08-18500000
Participant contributions to plan in this plan year2022-08-18170118
Other income to plan in this plan year2022-08-181008330
Plan net income in this plan year2022-08-18846978
Net assets as of the end of the plan year2022-08-185444339
Net assets as of the beginning of the plan year2022-08-184597361
Employer contributions to plan in this plan year2022-08-1847193
Fees paid to broker by Benefit Provider2022-08-18245
Expensese paid to adminstrative service provicers from plan in this plan year2022-08-181282
2019 : BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN 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$942,482
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$19,217
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$17,617
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$163,418
Value of total assets at end of year2019-12-31$4,054,608
Value of total assets at beginning of year2019-12-31$3,131,343
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,600
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$400,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$136,417
Administrative expenses (other) incurred2019-12-31$1,600
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$923,265
Value of net assets at end of year (total assets less liabilities)2019-12-31$4,054,608
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,131,343
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$3,879,764
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,131,343
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$174,844
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$779,064
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$27,001
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$17,617
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 name2019-12-31MILLER CPA, PLLC
Accountancy firm EIN2019-12-31821430242

Form 5500 Responses for BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN

2019: BLUE GRASS BUSINESS SERVICE, INC. PROFIT SHARING PLAN 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 – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan 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 number816785
Policy instance 1

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