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B & B FUNDING, LLC DEFINED BENEFIT PLAN 401k Plan overview

Plan NameB & B FUNDING, LLC DEFINED BENEFIT PLAN
Plan identification number 001

B & B FUNDING, LLC DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Plan covering Self-Employed individuals.
  • 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

B & B FUNDING, LLC has sponsored the creation of one or more 401k plans.

Company Name:B & B FUNDING, LLC
Employer identification number (EIN):753044042
NAIC Classification:525990
NAIC Description:Other Financial Vehicles

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & B FUNDING, LLC DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01ELLIOT BRAUN2020-09-29 ELLIOT BRAUN2020-09-29
0012018-01-01ELLIOT BRAUN2019-10-11 ELLIOT BRAUN2019-10-11
0012017-01-01ELLIOT BRAUN2018-10-01 ELLIOT BRAUN2018-10-01
0012016-01-01ELLIOT BRAUN2017-10-11 ELLIOT BRAUN2017-10-11
0012015-01-01ELLIOT BRAUN2016-08-24 ELLIOT BRAUN2016-08-24
0012014-01-01ELLIOT BRAUN2015-09-30 ELLIOT BRAUN2015-09-30
0012013-01-01ELLIOT BRAUN2014-10-15 ELLIOT BRAUN2014-10-15

Plan Statistics for B & B FUNDING, LLC DEFINED BENEFIT PLAN

401k plan membership statisitcs for B & B FUNDING, LLC DEFINED BENEFIT PLAN

Measure Date Value
2019: B & B FUNDING, LLC DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-31690,082
Acturial value of plan assets2019-12-31690,082
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-31505,728
Number of active participants2019-12-312
Total funding liabilities for active participants2019-12-31505,728
Total participant count2019-12-312
Total funding target for all participants2019-12-31505,728
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31124,148
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31124,148
Present value of excess contributions2019-12-3191,526
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3191,526
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31121,019
Total employer contributions2019-12-31150,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31144,894
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3140,330
Net shortfall amortization installment of oustanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31144,894
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: B & B FUNDING, LLC DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-31599,215
Acturial value of plan assets2018-12-31599,215
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31431,635
Number of active participants2018-12-312
Total funding liabilities for active participants2018-12-31431,635
Total participant count2018-12-312
Total funding target for all participants2018-12-31431,635
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31122,700
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31122,700
Present value of excess contributions2018-12-31140,168
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31140,168
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31124,148
Total employer contributions2018-12-31100,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3196,247
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3141,312
Net shortfall amortization installment of oustanding balance2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-314,721
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-314,721
Contributions allocatedtoward minimum required contributions for current year2018-12-3196,247
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: B & B FUNDING, LLC DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-31404,689
Acturial value of plan assets2017-12-31404,689
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31330,835
Number of active participants2017-12-312
Total funding liabilities for active participants2017-12-31330,835
Total participant count2017-12-312
Total funding target for all participants2017-12-31330,835
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3150,401
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3150,401
Present value of excess contributions2017-12-3169,245
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3169,245
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3169,245
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31122,700
Total employer contributions2017-12-31420,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31207,273
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-3155,140
Net shortfall amortization installment of oustanding balance2017-12-3136,269
Total funding amount beforereflecting carryover/prefunding balances2017-12-3167,105
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3167,105
Contributions allocatedtoward minimum required contributions for current year2017-12-31207,273
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: B & B FUNDING, LLC DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31259,961
Acturial value of plan assets2016-12-31259,961
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31254,672
Number of active participants2016-12-312
Total funding liabilities for active participants2016-12-31254,672
Total participant count2016-12-312
Total funding target for all participants2016-12-31254,672
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31190
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31190
Present value of excess contributions2016-12-3150,213
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3150,213
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3150,213
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3150,401
Total employer contributions2016-12-31140,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31132,325
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3150,935
Net shortfall amortization installment of oustanding balance2016-12-3146,482
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3162,900
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3162,900
Contributions allocatedtoward minimum required contributions for current year2016-12-31132,325
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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