401k Plan data: BERING STRAITS NATIVE CORPORATION 401(K) PLAN plan

BERING STRAITS NATIVE CORPORATION 401(K) PLAN 401k Plan overview

Plan Name	BERING STRAITS NATIVE CORPORATION 401(K) PLAN
Plan identification number	001

BERING STRAITS NATIVE CORPORATION 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BERING STRAITS NATIVE CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: BERING STRAITS NATIVE CORPORATION

Employer identification number (EIN): 940042240

NAIC Classification: 813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BERING STRAITS NATIVE CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2018-01-01

Plan Statistics for BERING STRAITS NATIVE CORPORATION 401(K) PLAN

401k plan membership statisitcs for BERING STRAITS NATIVE CORPORATION 401(K) PLAN

Measure Date Value
2019: BERING STRAITS NATIVE CORPORATION 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 1,724
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 1,639
Number of retired or separated participants receiving benefits 2019-01-01 4
Number of other retired or separated participants entitled to future benefits 2019-01-01 435
Total of all active and inactive participants 2019-01-01 2,078
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 2,079
Number of participants with account balances 2019-01-01 1,415
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: BERING STRAITS NATIVE CORPORATION 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 1,901
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 1,404
Number of retired or separated participants receiving benefits 2018-01-01 1
Number of other retired or separated participants entitled to future benefits 2018-01-01 315
Total of all active and inactive participants 2018-01-01 1,720
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 1
Total participants 2018-01-01 1,721
Number of participants with account balances 2018-01-01 1,135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0

Measure	Date	Value
2019: BERING STRAITS NATIVE CORPORATION 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	1,724
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	1,639
Number of retired or separated participants receiving benefits	2019-01-01	4
Number of other retired or separated participants entitled to future benefits	2019-01-01	435
Total of all active and inactive participants	2019-01-01	2,078
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	2,079
Number of participants with account balances	2019-01-01	1,415
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: BERING STRAITS NATIVE CORPORATION 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	1,901
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	1,404
Number of retired or separated participants receiving benefits	2018-01-01	1
Number of other retired or separated participants entitled to future benefits	2018-01-01	315
Total of all active and inactive participants	2018-01-01	1,720
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	1
Total participants	2018-01-01	1,721
Number of participants with account balances	2018-01-01	1,135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0

Financial Data on BERING STRAITS NATIVE CORPORATION 401(K) PLAN

Measure	Date	Value
2019 : BERING STRAITS NATIVE CORPORATION 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$17,140,117
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$4,987,448
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$4,740,437
Expenses. Certain deemed distributions of participant loans	2019-12-31	$57,779
Value of total corrective distributions	2019-12-31	$170
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$8,866,167
Value of total assets at end of year	2019-12-31	$51,107,218
Value of total assets at beginning of year	2019-12-31	$38,954,549
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$189,062
Total interest from all sources	2019-12-31	$120,038
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$1,894,338
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$1,894,338
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$3,757,043
Participant contributions at end of year	2019-12-31	$626,078
Participant contributions at beginning of year	2019-12-31	$576,748
Participant contributions at end of year	2019-12-31	$0
Participant contributions at beginning of year	2019-12-31	$51,179
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$1,541,931
Other income not declared elsewhere	2019-12-31	$71,900
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$12,152,669
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$51,107,218
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$38,954,549
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$53,765
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$45,012,358
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$33,784,216
Interest on participant loans	2019-12-31	$34,657
Interest earned on other investments	2019-12-31	$85,381
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$3,901,046
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$3,036,087
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$6,187,674
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$3,567,193
Employer contributions (assets) at end of year	2019-12-31	$1,567,736
Employer contributions (assets) at beginning of year	2019-12-31	$1,506,319
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$4,740,437
Contract administrator fees	2019-12-31	$135,297
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	CLARK NUBER
Accountancy firm EIN	2019-12-31	911194016
2018 : BERING STRAITS NATIVE CORPORATION 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total transfer of assets to this plan	2018-12-31	$26,347,558
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total income from all sources (including contributions)	2018-12-31	$4,042,182
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$4,655,745
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$4,405,495
Expenses. Certain deemed distributions of participant loans	2018-12-31	$80,565
Value of total corrective distributions	2018-12-31	$8,978
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$6,616,588
Value of total assets at end of year	2018-12-31	$38,954,549
Value of total assets at beginning of year	2018-12-31	$13,220,554
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$160,707
Total interest from all sources	2018-12-31	$91,227
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$2,274,900
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$2,274,900
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$3,193,355
Participant contributions at end of year	2018-12-31	$576,748
Participant contributions at beginning of year	2018-12-31	$163,477
Participant contributions at end of year	2018-12-31	$1,506,319
Participant contributions at beginning of year	2018-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$736,340
Other income not declared elsewhere	2018-12-31	$28,759
Administrative expenses (other) incurred	2018-12-31	$350
Total non interest bearing cash at end of year	2018-12-31	$0
Total non interest bearing cash at beginning of year	2018-12-31	$13,057,077
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-613,563
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$38,954,549
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$13,220,554
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Investment advisory and management fees	2018-12-31	$38,250
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$33,784,216
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$0
Interest on participant loans	2018-12-31	$29,890
Interest earned on other investments	2018-12-31	$61,337
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2018-12-31	$3,036,087
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2018-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-4,969,292
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$2,686,893
Employer contributions (assets) at end of year	2018-12-31	$51,179
Employer contributions (assets) at beginning of year	2018-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$4,405,495
Contract administrator fees	2018-12-31	$122,107
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2018-12-31	Yes
Did the plan have assets held for investment	2018-12-31	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	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	CLARK NUBER
Accountancy firm EIN	2018-12-31	911194016

Form 5500 Responses for BERING STRAITS NATIVE CORPORATION 401(K) PLAN

2019: BERING STRAITS NATIVE CORPORATION 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Mulitple employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	Yes
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: BERING STRAITS NATIVE CORPORATION 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Mulitple employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	Yes
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )

Policy contract number

895221-087

Policy instance

Insurance contract or identification number	895221-087
Number of Individuals Covered	201
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )

Policy contract number

895221-087

Policy instance

Insurance contract or identification number	895221-087
Number of Individuals Covered	220
Insurance policy start date	2018-01-01
Insurance policy end date	2018-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	BERING STRAITS NATIVE CORPORATION
Employer identification number (EIN):	940042240
NAIC Classification:	813000
NAIC Description:	Religious, Grantmaking, Civic, Professional, and Similar Organizations