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BALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) PLAN 401k Plan overview

Plan NameBALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) PLAN
Plan identification number 001

BALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) 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.
  • 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

BALANCE POINT HEATING & AIR CONDITIONING, LLC has sponsored the creation of one or more 401k plans.

Company Name:BALANCE POINT HEATING & AIR CONDITIONING, LLC
Employer identification number (EIN):841450434
NAIC Classification:238220
NAIC Description:Plumbing, Heating, and Air-Conditioning Contractors

Additional information about BALANCE POINT HEATING & AIR CONDITIONING, LLC

Jurisdiction of Incorporation: Colorado Department of State
Incorporation Date: 1998-02-05
Company Identification Number: 19981023816
Legal Registered Office Address: 5854 Lockheed Ave

Loveland
United States of America (USA)
80538

More information about BALANCE POINT HEATING & AIR CONDITIONING, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01WILLIAM KUSMIK2024-02-22
0012022-01-01WILLIAM KUSMIK2023-07-10
0012021-01-01WILLIAM KUSMIK2022-04-12
0012020-01-01WILLIAM KUSMIK2021-02-25
0012019-01-01WILLIAM KUSMIK2020-03-05
0012018-01-01WILLIAM KUSMIK2019-06-20

Plan Statistics for BALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) PLAN

401k plan membership statisitcs for BALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) PLAN

Measure Date Value
2024: BALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-02-2213
Total number of particpants at end of year2024-02-220
Number of Participants With Account Balances2024-02-220
2022: BALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-04-1212
Total number of particpants at end of year2022-04-1213
Number of Participants With Account Balances2022-04-129

Financial Data on BALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) PLAN

Measure Date Value
2024 : BALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-02-220
Total liabilities as of the end of the plan year2024-02-220
Total liabilities as of the beginning of the plan year2024-02-220
Total expenses incurred by plan in this plan year2024-02-22314321
Net assets as of the end of the plan year2024-02-220
Total assets as of the beginning of the plan year2024-02-22230713
Value of plan covered by a fidelity bond2024-02-22500000
Participant contributions to plan in this plan year2024-02-2237305
Other expenses paid from plan in this plan year2024-02-220
Other contributions to plan in this plan year2024-02-220
Other income to plan in this plan year2024-02-2235886
Plan net income in this plan year2024-02-22-230713
Net assets as of the end of the plan year2024-02-220
Net assets as of the beginning of the plan year2024-02-22230713
Employer contributions to plan in this plan year2024-02-2210417
Expensese paid to adminstrative service provicers from plan in this plan year2024-02-221430
2022 : BALANCE POINT HEATING & AIR CONDITIONING, LLC 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-04-120
Total liabilities as of the end of the plan year2022-04-120
Total liabilities as of the beginning of the plan year2022-04-120
Total expenses incurred by plan in this plan year2022-04-12170
Net assets as of the end of the plan year2022-04-12218884
Total assets as of the beginning of the plan year2022-04-12147116
Value of plan covered by a fidelity bond2022-04-12500000
Participant contributions to plan in this plan year2022-04-1236021
Other expenses paid from plan in this plan year2022-04-120
Other income to plan in this plan year2022-04-1221040
Plan net income in this plan year2022-04-1271768
Net assets as of the end of the plan year2022-04-12218884
Net assets as of the beginning of the plan year2022-04-12147116
Employer contributions to plan in this plan year2022-04-1214877
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-12170

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