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BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 401k Plan overview

Plan NameBROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN
Plan identification number 002

BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

BROOKLIN BOAT YARD, INC. has sponsored the creation of one or more 401k plans.

Company Name:BROOKLIN BOAT YARD, INC.
Employer identification number (EIN):010385424
NAIC Classification:336610

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01

Plan Statistics for BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

401k plan membership statisitcs for BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Measure Date Value
2022: BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0173
Total number of active participants reported on line 7a of the Form 55002022-01-0154
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0115
Total of all active and inactive participants2022-01-0169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0169
Number of participants with account balances2022-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0167
Total number of active participants reported on line 7a of the Form 55002021-01-0161
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0112
Total of all active and inactive participants2021-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0173
Number of participants with account balances2021-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011
2020: BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0169
Total number of active participants reported on line 7a of the Form 55002020-01-0162
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-015
Total of all active and inactive participants2020-01-0167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0167
Number of participants with account balances2020-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0154
Total number of active participants reported on line 7a of the Form 55002019-01-0157
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-016
Total of all active and inactive participants2019-01-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0163
Number of participants with account balances2019-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0154
Total number of active participants reported on line 7a of the Form 55002018-01-0154
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0154
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Measure Date Value
2022 : BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$9,204
Total plan liabilities at beginning of year2022-12-31$10,417
Total income from all sources2022-12-31$-24,188
Expenses. Total of all expenses incurred2022-12-31$367,966
Benefits paid (including direct rollovers)2022-12-31$362,807
Total plan assets at end of year2022-12-31$2,237,448
Total plan assets at beginning of year2022-12-31$2,630,815
Value of fidelity bond covering the plan2022-12-31$1,000,000
Total contributions received or receivable from participants2022-12-31$171,947
Expenses. Other expenses not covered elsewhere2022-12-31$38
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-252,642
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-392,154
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,228,244
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,620,398
Assets. Value of participant loans2022-12-31$16,083
Assets. Value of employer securities2022-12-31$661,388
Total contributions received or receivable from employer(s)2022-12-31$56,507
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$5,121
2021 : BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$10,417
Total plan liabilities at beginning of year2021-12-31$9,785
Total income from all sources2021-12-31$684,187
Expenses. Total of all expenses incurred2021-12-31$324,673
Benefits paid (including direct rollovers)2021-12-31$310,158
Total plan assets at end of year2021-12-31$2,630,815
Total plan assets at beginning of year2021-12-31$2,270,669
Value of fidelity bond covering the plan2021-12-31$1,000,000
Total contributions received or receivable from participants2021-12-31$146,495
Expenses. Other expenses not covered elsewhere2021-12-31$632
Other income received2021-12-31$536,946
Net income (gross income less expenses)2021-12-31$359,514
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,620,398
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,260,884
Assets. Value of participant loans2021-12-31$28,647
Assets. Value of employer securities2021-12-31$532,514
Total contributions received or receivable from employer(s)2021-12-31$746
Value of corrective distributions2021-12-31$7,039
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$6,844
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$9,785
Total plan liabilities at beginning of year2020-12-31$9,894
Total income from all sources2020-12-31$575,144
Expenses. Total of all expenses incurred2020-12-31$8,797
Benefits paid (including direct rollovers)2020-12-31$7,286
Total plan assets at end of year2020-12-31$2,270,669
Total plan assets at beginning of year2020-12-31$1,704,431
Value of fidelity bond covering the plan2020-12-31$1,000,000
Total contributions received or receivable from participants2020-12-31$123,425
Expenses. Other expenses not covered elsewhere2020-12-31$397
Other income received2020-12-31$451,214
Net income (gross income less expenses)2020-12-31$566,347
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,260,884
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,694,537
Assets. Value of participant loans2020-12-31$37,134
Assets. Value of employer securities2020-12-31$233,000
Total contributions received or receivable from employer(s)2020-12-31$505
Value of corrective distributions2020-12-31$459
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$655
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$1,748,892
Total plan liabilities at end of year2019-12-31$9,894
Total plan liabilities at beginning of year2019-12-31$10,000
Total income from all sources2019-12-31$87,921
Expenses. Total of all expenses incurred2019-12-31$238,276
Benefits paid (including direct rollovers)2019-12-31$237,482
Total plan assets at end of year2019-12-31$1,704,431
Total plan assets at beginning of year2019-12-31$106,000
Value of fidelity bond covering the plan2019-12-31$250,000
Total contributions received or receivable from participants2019-12-31$67,047
Expenses. Other expenses not covered elsewhere2019-12-31$399
Other income received2019-12-31$20,369
Net income (gross income less expenses)2019-12-31$-150,355
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,694,537
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$96,000
Assets. Value of participant loans2019-12-31$27,539
Assets. Value of employer securities2019-12-31$36,000
Total contributions received or receivable from employer(s)2019-12-31$505
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$395
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$10,000
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$96,000
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$106,000
Total plan assets at beginning of year2018-12-31$0
Value of fidelity bond covering the plan2018-12-31$1,000,000
Other income received2018-12-31$96,000
Net income (gross income less expenses)2018-12-31$96,000
Net plan assets at end of year (total assets less liabilities)2018-12-31$96,000
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of employer securities2018-12-31$106,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0

Form 5500 Responses for BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

2022: BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) 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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) 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 – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: BROOKLIN BOAT YARD, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01First time form 5500 has been submittedYes
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number108110
Policy instance 1
Insurance contract or identification number108110
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-09-27
Total amount of commissions paid to insurance brokerUSD $5,936
Total amount of fees paid to insurance companyUSD $1,182
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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
Commission paid to Insurance BrokerUSD $5,936
Insurance broker organization code?3
Amount paid for insurance broker fees1182
Additional information about fees paid to insurance brokerTPA FEES
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number108110
Policy instance 1
Insurance contract or identification number108110
Number of Individuals Covered43
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $8,387
Total amount of fees paid to insurance companyUSD $1,308
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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
Commission paid to Insurance BrokerUSD $8,387
Insurance broker organization code?3
Amount paid for insurance broker fees1308
Additional information about fees paid to insurance brokerTPA FEES
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number108110
Policy instance 1
Insurance contract or identification number108110
Number of Individuals Covered38
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $7,951
Total amount of fees paid to insurance companyUSD $792
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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
Commission paid to Insurance BrokerUSD $7,951
Insurance broker organization code?3
Amount paid for insurance broker fees792
Additional information about fees paid to insurance brokerEXPENSE REIMBURSEMENT

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