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NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameNEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN
Plan identification number 001

NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING 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.
  • 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

NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS has sponsored the creation of one or more 401k plans.

Company Name:NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS
Employer identification number (EIN):850225230
NAIC Classification:442110
NAIC Description:Furniture Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012023-01-01SCOTT HOOVER
0012022-01-01
0012022-01-01SCOTT HOOVER
0012021-01-01
0012021-01-01SCOTT HOOVER
0012020-01-01
0012019-01-01
0012018-01-01SCOTT HOOVER2019-02-22 SCOTT HOOVER2019-02-22
0012017-01-01SCOTT HOOVER2018-04-09 SCOTT HOOVER2018-04-09
0012016-01-01SCOTT HOOVER2017-01-30 SCOTT HOOVER2017-01-30
0012015-01-01SCOTT HOOVER2016-02-10 SCOTT HOOVER2016-02-10
0012014-01-01SCOTT HOOVER2015-03-02 SCOTT HOOVER2015-03-02
0012013-01-01SCOTT HOOVER2014-02-25 SCOTT HOOVER2014-02-25
0012012-01-01SCOTT HOOVER2013-03-05 SCOTT HOOVER2013-03-05
0012011-01-01SCOTT HOOVER2012-03-01 SCOTT HOOVER2012-03-01
0012010-01-01SCOTT HOOVER2011-03-03 SCOTT HOOVER2011-03-03

Financial Data on NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN 2023 401k financial data
Transfers to/from the plan2023-12-21$0
Total plan liabilities at end of year2023-12-21$0
Total plan liabilities at beginning of year2023-12-21$0
Total income from all sources2023-12-21$653
Expenses. Total of all expenses incurred2023-12-21$9,935
Benefits paid (including direct rollovers)2023-12-21$10,648
Total plan assets at end of year2023-12-21$0
Total plan assets at beginning of year2023-12-21$9,282
Value of fidelity bond covering the plan2023-12-21$500,000
Total contributions received or receivable from participants2023-12-21$0
Expenses. Other expenses not covered elsewhere2023-12-21$0
Contributions received from other sources (not participants or employers)2023-12-21$0
Other income received2023-12-21$653
Noncash contributions received2023-12-21$0
Net income (gross income less expenses)2023-12-21$-9,282
Net plan assets at end of year (total assets less liabilities)2023-12-21$0
Net plan assets at beginning of year (total assets less liabilities)2023-12-21$9,282
Total contributions received or receivable from employer(s)2023-12-21$0
Value of certain deemed distributions of participant loans2023-12-21$0
Value of corrective distributions2023-12-21$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-21$-713
2022 : NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-1,631,440
Expenses. Total of all expenses incurred2022-12-31$6,645,903
Benefits paid (including direct rollovers)2022-12-31$6,664,225
Total plan assets at end of year2022-12-31$9,282
Total plan assets at beginning of year2022-12-31$8,286,625
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$161,354
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$33,866
Other income received2022-12-31$-1,877,959
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-8,277,343
Net plan assets at end of year (total assets less liabilities)2022-12-31$9,282
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$8,286,625
Assets. Value of participant loans2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$51,299
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$-18,322
2021 : NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,354,135
Expenses. Total of all expenses incurred2021-12-31$780,638
Benefits paid (including direct rollovers)2021-12-31$799,629
Total plan assets at end of year2021-12-31$8,286,625
Total plan assets at beginning of year2021-12-31$7,713,128
Value of fidelity bond covering the plan2021-12-31$500,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$308,785
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$58,823
Other income received2021-12-31$890,455
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$573,497
Net plan assets at end of year (total assets less liabilities)2021-12-31$8,286,625
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$7,713,128
Assets. Value of participant loans2021-12-31$80,133
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$96,072
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$-18,991
2020 : NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$1,287,728
Expenses. Total of all expenses incurred2020-12-31$363,979
Benefits paid (including direct rollovers)2020-12-31$373,212
Total plan assets at end of year2020-12-31$7,713,128
Total plan assets at beginning of year2020-12-31$6,789,379
Value of fidelity bond covering the plan2020-12-31$500,000
Total contributions received or receivable from participants2020-12-31$254,436
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$60
Other income received2020-12-31$945,591
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$923,749
Net plan assets at end of year (total assets less liabilities)2020-12-31$7,713,128
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$6,789,379
Assets. Value of participant loans2020-12-31$54,635
Total contributions received or receivable from employer(s)2020-12-31$87,641
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$-9,233
2019 : NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,513,808
Expenses. Total of all expenses incurred2019-12-31$109,335
Benefits paid (including direct rollovers)2019-12-31$106,209
Total plan assets at end of year2019-12-31$6,789,379
Total plan assets at beginning of year2019-12-31$5,384,906
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$245,010
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$1,181,849
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$1,404,473
Net plan assets at end of year (total assets less liabilities)2019-12-31$6,789,379
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$5,384,906
Assets. Value of participant loans2019-12-31$74,624
Total contributions received or receivable from employer(s)2019-12-31$86,949
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$3,126

Form 5500 Responses for NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN

2023: NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingYes
2023-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN 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: NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NEW MEXICO OFFICE FURNITURE, INC. DBA BUSINESS ENVIRONMENTS 401(K) 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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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