BEST PLUMBING & HEATING, INC. has sponsored the creation of one or more 401k plans.
Additional information about BEST PLUMBING & HEATING, INC.
Submission information for form 5500 for 401k plan BEST PLUMBING & HEATING RETIREMENT SAVINGS PLAN
401k plan membership statisitcs for BEST PLUMBING & HEATING RETIREMENT SAVINGS PLAN
Measure | Date | Value |
---|
2022 : BEST PLUMBING & HEATING RETIREMENT SAVINGS PLAN 2022 401k financial data |
---|
Total income from all sources (including contributions) | 2022-12-31 | $-239,683 |
Total of all expenses incurred | 2022-12-31 | $280,784 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $233,490 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $44,955 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $221,823 |
Value of total assets at end of year | 2022-12-31 | $1,855,079 |
Value of total assets at beginning of year | 2022-12-31 | $2,375,546 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $2,339 |
Total interest from all sources | 2022-12-31 | $1,606 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $0 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $300,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $184,251 |
Participant contributions at end of year | 2022-12-31 | $12,619 |
Participant contributions at beginning of year | 2022-12-31 | $26,267 |
Participant contributions at end of year | 2022-12-31 | $20,246 |
Participant contributions at beginning of year | 2022-12-31 | $8,159 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-520,467 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $1,855,079 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $2,375,546 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2022-12-31 | $1,781,666 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $2,305,303 |
Interest on participant loans | 2022-12-31 | $1,606 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $36,599 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $34,522 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2022-12-31 | $0 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-463,112 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $37,572 |
Employer contributions (assets) at end of year | 2022-12-31 | $3,949 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $1,295 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $233,490 |
Contract administrator fees | 2022-12-31 | $2,339 |
Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | LEE CPA AUDIT GROUP |
Accountancy firm EIN | 2022-12-31 | 814637885 |
2021 : BEST PLUMBING & HEATING RETIREMENT SAVINGS PLAN 2021 401k financial data |
---|
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $754 |
Total income from all sources (including contributions) | 2021-12-31 | $665,916 |
Total of all expenses incurred | 2021-12-31 | $825,882 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $823,101 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $262,685 |
Value of total assets at end of year | 2021-12-31 | $2,375,546 |
Value of total assets at beginning of year | 2021-12-31 | $2,536,266 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $2,781 |
Total interest from all sources | 2021-12-31 | $1,588 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $300,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $220,426 |
Participant contributions at end of year | 2021-12-31 | $26,267 |
Participant contributions at beginning of year | 2021-12-31 | $36,677 |
Participant contributions at end of year | 2021-12-31 | $8,159 |
Participant contributions at beginning of year | 2021-12-31 | $8,344 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $754 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $-159,966 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $2,375,546 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $2,535,512 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2021-12-31 | $2,305,303 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $2,458,802 |
Interest on participant loans | 2021-12-31 | $1,588 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $34,522 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $30,564 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $401,643 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $42,259 |
Employer contributions (assets) at end of year | 2021-12-31 | $1,295 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $1,879 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $823,101 |
Contract administrator fees | 2021-12-31 | $2,781 |
Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | LEE CPA AUDIT GROUP |
Accountancy firm EIN | 2021-12-31 | 814637885 |