BRIGGS & STRATTON, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN
401k plan membership statisitcs for BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2022: BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2022 401k membership |
|---|
| Market value of plan assets | 2022-06-30 | 14,410,177 |
| Acturial value of plan assets | 2022-06-30 | 14,410,177 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-06-30 | 244,482 |
| Number of terminated vested participants | 2022-06-30 | 366 |
| Fundng target for terminated vested participants | 2022-06-30 | 4,191,343 |
| Active participant vested funding target | 2022-06-30 | 7,472,511 |
| Number of active participants | 2022-06-30 | 616 |
| Total funding liabilities for active participants | 2022-06-30 | 7,472,511 |
| Total participant count | 2022-06-30 | 1,003 |
| Total funding target for all participants | 2022-06-30 | 11,908,336 |
| Balance at beginning of prior year after applicable adjustments | 2022-06-30 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-06-30 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-06-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2022-06-30 | 0 |
| Amount remaining of carryover balance | 2022-06-30 | 0 |
| Amount remaining of prefunding balance | 2022-06-30 | 0 |
| Present value of excess contributions | 2022-06-30 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-06-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-06-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-06-30 | 0 |
| Balance of carryovers at beginning of current year | 2022-06-30 | 0 |
| Balance of prefunding at beginning of current year | 2022-06-30 | 0 |
| Total employer contributions | 2022-06-30 | 0 |
| Total employee contributions | 2022-06-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-06-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-06-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-06-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2022-06-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-06-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-06-30 | 0 |
| Minimum required contributions for current year target normal cost | 2022-06-30 | 270,000 |
| Net shortfall amortization installment of oustanding balance | 2022-06-30 | 0 |
| Waiver amortization installment | 2022-06-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-06-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2022-06-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-06-30 | 0 |
| Additional cash requirement | 2022-06-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-06-30 | 0 |
| Unpaid minimum required contributions for current year | 2022-06-30 | 0 |
| Unpaid minimum required contributions for all years | 2022-06-30 | 0 |
| 2021: BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-07-01 | 1,003 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-07-01 | 554 |
| Number of retired or separated participants receiving benefits | 2021-07-01 | 27 |
| Number of other retired or separated participants entitled to future benefits | 2021-07-01 | 256 |
| Total of all active and inactive participants | 2021-07-01 | 837 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-07-01 | 29 |
| Total participants | 2021-07-01 | 866 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-07-01 | 0 |
| Market value of plan assets | 2021-06-30 | 16,936,482 |
| Acturial value of plan assets | 2021-06-30 | 16,936,482 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-06-30 | 165,684 |
| Number of terminated vested participants | 2021-06-30 | 412 |
| Fundng target for terminated vested participants | 2021-06-30 | 4,867,438 |
| Active participant vested funding target | 2021-06-30 | 8,593,173 |
| Number of active participants | 2021-06-30 | 702 |
| Total funding liabilities for active participants | 2021-06-30 | 8,593,173 |
| Total participant count | 2021-06-30 | 1,127 |
| Total funding target for all participants | 2021-06-30 | 13,626,295 |
| Balance at beginning of prior year after applicable adjustments | 2021-06-30 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-06-30 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2021-06-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2021-06-30 | 0 |
| Amount remaining of carryover balance | 2021-06-30 | 0 |
| Amount remaining of prefunding balance | 2021-06-30 | 0 |
| Present value of excess contributions | 2021-06-30 | 1,499,038 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-06-30 | 1,579,686 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-06-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2021-06-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-06-30 | 0 |
| Balance of carryovers at beginning of current year | 2021-06-30 | 0 |
| Balance of prefunding at beginning of current year | 2021-06-30 | 0 |
| Total employer contributions | 2021-06-30 | 0 |
| Total employee contributions | 2021-06-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-06-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-06-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-06-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2021-06-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-06-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-06-30 | 0 |
| Minimum required contributions for current year target normal cost | 2021-06-30 | 330,000 |
| Net shortfall amortization installment of oustanding balance | 2021-06-30 | 0 |
| Waiver amortization installment | 2021-06-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-06-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2021-06-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2021-06-30 | 0 |
| Additional cash requirement | 2021-06-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-06-30 | 0 |
| Unpaid minimum required contributions for current year | 2021-06-30 | 0 |
| Unpaid minimum required contributions for all years | 2021-06-30 | 0 |
| 2020: BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2020 401k membership |
|---|
| Total participants, beginning-of-year | 2020-07-01 | 1,127 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-07-01 | 616 |
| Number of retired or separated participants receiving benefits | 2020-07-01 | 20 |
| Number of other retired or separated participants entitled to future benefits | 2020-07-01 | 343 |
| Total of all active and inactive participants | 2020-07-01 | 979 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-07-01 | 24 |
| Total participants | 2020-07-01 | 1,003 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-07-01 | 0 |
| Measure | Date | Value |
|---|
| 2022 : BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2022 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-06-30 | $-1,104,065 |
| Total unrealized appreciation/depreciation of assets | 2022-06-30 | $-1,104,065 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
| Total income from all sources (including contributions) | 2022-06-30 | $-1,052,207 |
| Total loss/gain on sale of assets | 2022-06-30 | $51,198 |
| Total of all expenses incurred | 2022-06-30 | $2,315,130 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-06-30 | $1,843,223 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-06-30 | $0 |
| Value of total assets at end of year | 2022-06-30 | $11,042,839 |
| Value of total assets at beginning of year | 2022-06-30 | $14,410,176 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-06-30 | $471,907 |
| Total interest from all sources | 2022-06-30 | $660 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-06-30 | No |
| Administrative expenses professional fees incurred | 2022-06-30 | $146,272 |
| Was this plan covered by a fidelity bond | 2022-06-30 | Yes |
| Value of fidelity bond cover | 2022-06-30 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-06-30 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-06-30 | $79,579 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-06-30 | $3 |
| Administrative expenses (other) incurred | 2022-06-30 | $86,918 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
| Value of net income/loss | 2022-06-30 | $-3,367,337 |
| Value of net assets at end of year (total assets less liabilities) | 2022-06-30 | $11,042,839 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-06-30 | $14,410,176 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-06-30 | No |
| Investment advisory and management fees | 2022-06-30 | $15,140 |
| Value of interest in common/collective trusts at end of year | 2022-06-30 | $10,963,260 |
| Value of interest in common/collective trusts at beginning of year | 2022-06-30 | $14,410,173 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-06-30 | $660 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-06-30 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-06-30 | $1,843,223 |
| Contract administrator fees | 2022-06-30 | $223,577 |
| Did the plan have assets held for investment | 2022-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-06-30 | No |
| Aggregate proceeds on sale of assets | 2022-06-30 | $2,287,171 |
| Aggregate carrying amount (costs) on sale of assets | 2022-06-30 | $2,235,973 |
| Opinion of an independent qualified public accountant for this plan | 2022-06-30 | Unqualified |
| Accountancy firm name | 2022-06-30 | WIPFLI LLP |
| Accountancy firm EIN | 2022-06-30 | 390758449 |
| 2021 : BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2021 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2021-06-30 | $10,616 |
| Total unrealized appreciation/depreciation of assets | 2021-06-30 | $10,616 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $6,000 |
| Total income from all sources (including contributions) | 2021-06-30 | $222,598 |
| Total loss/gain on sale of assets | 2021-06-30 | $211,498 |
| Total of all expenses incurred | 2021-06-30 | $2,769,217 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-06-30 | $2,381,394 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-06-30 | $0 |
| Value of total assets at end of year | 2021-06-30 | $14,410,176 |
| Value of total assets at beginning of year | 2021-06-30 | $16,962,795 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-06-30 | $387,823 |
| Total interest from all sources | 2021-06-30 | $484 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-06-30 | No |
| Administrative expenses professional fees incurred | 2021-06-30 | $286,419 |
| Was this plan covered by a fidelity bond | 2021-06-30 | Yes |
| Value of fidelity bond cover | 2021-06-30 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-06-30 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-06-30 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-06-30 | $3 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-06-30 | $35 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-06-30 | $6,000 |
| Administrative expenses (other) incurred | 2021-06-30 | $93,541 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-06-30 | No |
| Value of net income/loss | 2021-06-30 | $-2,546,619 |
| Value of net assets at end of year (total assets less liabilities) | 2021-06-30 | $14,410,176 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-06-30 | $16,956,795 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-06-30 | No |
| Investment advisory and management fees | 2021-06-30 | $7,863 |
| Value of interest in common/collective trusts at end of year | 2021-06-30 | $14,410,173 |
| Value of interest in common/collective trusts at beginning of year | 2021-06-30 | $15,362,760 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-06-30 | $484 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-06-30 | No |
| Employer contributions (assets) at end of year | 2021-06-30 | $0 |
| Employer contributions (assets) at beginning of year | 2021-06-30 | $1,600,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-06-30 | $2,381,394 |
| Did the plan have assets held for investment | 2021-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-06-30 | No |
| Aggregate proceeds on sale of assets | 2021-06-30 | $4,222,454 |
| Aggregate carrying amount (costs) on sale of assets | 2021-06-30 | $4,010,956 |
| Opinion of an independent qualified public accountant for this plan | 2021-06-30 | Unqualified |
| Accountancy firm name | 2021-06-30 | WIPFLI LLP |
| Accountancy firm EIN | 2021-06-30 | 390758449 |
