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PROFIT SHARING PLAN 401k Plan overview

Plan NamePROFIT SHARING PLAN
Plan identification number 001

PROFIT SHARING 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
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.

401k Sponsoring company profile

BIX BIRMINGHAM AND BEAR RIVER RAILROAD CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:BIX BIRMINGHAM AND BEAR RIVER RAILROAD CO., INC.
Employer identification number (EIN):952896405
NAIC Classification:713900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01JAMES BUCHANAN
0012017-01-01JAMES BUCHANAN
0012016-01-01JAMES BUCHANAN
0012015-01-01JAMES BUCHANAN
0012014-01-01JAMES BUCHANAN
0012013-01-01JAMES D. BUCHANAN
0012012-01-01JAMES D. BUCHANAN
0012011-01-01JAMES D. BUCHANAN
0012010-01-01JAMES D. BUCHANAN
0012009-01-01JAMES D. BUCHANAN

Financial Data on PROFIT SHARING PLAN

Measure Date Value
2019 : PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$-628,748
Total income from all sources2019-12-31$54,067
Expenses. Total of all expenses incurred2019-12-31$38,392
Benefits paid (including direct rollovers)2019-12-31$22,500
Total plan assets at end of year2019-12-31$0
Total plan assets at beginning of year2019-12-31$613,073
Expenses. Other expenses not covered elsewhere2019-12-31$15,892
Other income received2019-12-31$54,067
Net income (gross income less expenses)2019-12-31$15,675
Net plan assets at end of year (total assets less liabilities)2019-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$613,073
2018 : PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$8,945
Expenses. Total of all expenses incurred2018-12-31$69,165
Benefits paid (including direct rollovers)2018-12-31$52,739
Total plan assets at end of year2018-12-31$613,073
Total plan assets at beginning of year2018-12-31$673,293
Expenses. Other expenses not covered elsewhere2018-12-31$16,426
Other income received2018-12-31$8,945
Net income (gross income less expenses)2018-12-31$-60,220
Net plan assets at end of year (total assets less liabilities)2018-12-31$613,073
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$673,293
2017 : PROFIT SHARING PLAN 2017 401k financial data
Total plan liabilities at beginning of year2017-12-31$900
Total income from all sources2017-12-31$80,041
Expenses. Total of all expenses incurred2017-12-31$61,616
Benefits paid (including direct rollovers)2017-12-31$45,000
Total plan assets at end of year2017-12-31$673,293
Total plan assets at beginning of year2017-12-31$655,768
Expenses. Other expenses not covered elsewhere2017-12-31$16,616
Other income received2017-12-31$80,041
Net income (gross income less expenses)2017-12-31$18,425
Net plan assets at end of year (total assets less liabilities)2017-12-31$673,293
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$654,868
2016 : PROFIT SHARING PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$900
Total plan liabilities at beginning of year2016-12-31$900
Total income from all sources2016-12-31$78,251
Expenses. Total of all expenses incurred2016-12-31$71,961
Benefits paid (including direct rollovers)2016-12-31$59,114
Total plan assets at end of year2016-12-31$655,768
Total plan assets at beginning of year2016-12-31$649,478
Expenses. Other expenses not covered elsewhere2016-12-31$12,847
Other income received2016-12-31$78,251
Net income (gross income less expenses)2016-12-31$6,290
Net plan assets at end of year (total assets less liabilities)2016-12-31$654,868
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$648,578
2015 : PROFIT SHARING PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$900
Total plan liabilities at beginning of year2015-12-31$600
Total income from all sources2015-12-31$-137,303
Expenses. Total of all expenses incurred2015-12-31$67,185
Benefits paid (including direct rollovers)2015-12-31$57,296
Total plan assets at end of year2015-12-31$649,478
Total plan assets at beginning of year2015-12-31$853,666
Expenses. Other expenses not covered elsewhere2015-12-31$9,889
Other income received2015-12-31$-137,303
Net income (gross income less expenses)2015-12-31$-204,488
Net plan assets at end of year (total assets less liabilities)2015-12-31$648,578
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$853,066
2014 : PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$600
Total plan liabilities at beginning of year2014-12-31$600
Total income from all sources2014-12-31$26,456
Expenses. Total of all expenses incurred2014-12-31$67,461
Benefits paid (including direct rollovers)2014-12-31$57,366
Total plan assets at end of year2014-12-31$853,666
Total plan assets at beginning of year2014-12-31$894,671
Expenses. Other expenses not covered elsewhere2014-12-31$10,095
Other income received2014-12-31$26,456
Net income (gross income less expenses)2014-12-31$-41,005
Net plan assets at end of year (total assets less liabilities)2014-12-31$853,066
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$894,071
2013 : PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$600
Total plan liabilities at beginning of year2013-12-31$600
Total income from all sources2013-12-31$124,625
Expenses. Total of all expenses incurred2013-12-31$68,471
Benefits paid (including direct rollovers)2013-12-31$53,700
Total plan assets at end of year2013-12-31$894,671
Total plan assets at beginning of year2013-12-31$838,517
Expenses. Other expenses not covered elsewhere2013-12-31$14,771
Other income received2013-12-31$124,625
Net income (gross income less expenses)2013-12-31$56,154
Net plan assets at end of year (total assets less liabilities)2013-12-31$894,071
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$837,917
2012 : PROFIT SHARING PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$600
Total plan liabilities at beginning of year2012-12-31$600
Total income from all sources2012-12-31$87,318
Expenses. Total of all expenses incurred2012-12-31$66,276
Benefits paid (including direct rollovers)2012-12-31$51,371
Total plan assets at end of year2012-12-31$838,517
Total plan assets at beginning of year2012-12-31$817,475
Expenses. Other expenses not covered elsewhere2012-12-31$14,905
Other income received2012-12-31$87,318
Net income (gross income less expenses)2012-12-31$21,042
Net plan assets at end of year (total assets less liabilities)2012-12-31$837,917
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$816,875
2011 : PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$600
Total plan liabilities at beginning of year2011-12-31$600
Total income from all sources2011-12-31$48,532
Expenses. Total of all expenses incurred2011-12-31$60,340
Benefits paid (including direct rollovers)2011-12-31$50,349
Total plan assets at end of year2011-12-31$817,475
Total plan assets at beginning of year2011-12-31$829,283
Other income received2011-12-31$48,532
Net income (gross income less expenses)2011-12-31$-11,808
Net plan assets at end of year (total assets less liabilities)2011-12-31$816,875
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$828,683
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$9,991
2010 : PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$600
Total plan liabilities at beginning of year2010-12-31$600
Total income from all sources2010-12-31$91,913
Expenses. Total of all expenses incurred2010-12-31$57,585
Benefits paid (including direct rollovers)2010-12-31$47,860
Total plan assets at end of year2010-12-31$829,283
Total plan assets at beginning of year2010-12-31$794,955
Other income received2010-12-31$91,913
Net income (gross income less expenses)2010-12-31$34,328
Net plan assets at end of year (total assets less liabilities)2010-12-31$828,683
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$794,355
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$9,725

Form 5500 Responses for PROFIT SHARING PLAN

2019: PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01This submission is the final filingYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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