BOSTON SHIPPING ASSOCIATION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan BSA-ILA RETIREMENT ACCOUNT PLAN
| Measure | Date | Value |
|---|
| 2019 : BSA-ILA RETIREMENT ACCOUNT PLAN 2019 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-09-30 | $19,500 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-09-30 | $18,000 |
| Total income from all sources (including contributions) | 2019-09-30 | $3,121,932 |
| Total of all expenses incurred | 2019-09-30 | $954,666 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-09-30 | $803,696 |
| Expenses. Certain deemed distributions of participant loans | 2019-09-30 | $42,353 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-09-30 | $1,835,645 |
| Value of total assets at end of year | 2019-09-30 | $33,877,348 |
| Value of total assets at beginning of year | 2019-09-30 | $31,708,582 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-09-30 | $108,617 |
| Total interest from all sources | 2019-09-30 | $36,396 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-09-30 | $774,236 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-09-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-09-30 | $774,236 |
| Administrative expenses professional fees incurred | 2019-09-30 | $25,326 |
| Was this plan covered by a fidelity bond | 2019-09-30 | Yes |
| Value of fidelity bond cover | 2019-09-30 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2019-09-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2019-09-30 | No |
| Participant contributions at end of year | 2019-09-30 | $1,010,511 |
| Participant contributions at beginning of year | 2019-09-30 | $883,402 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-09-30 | $4,137 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-09-30 | $8,866 |
| Administrative expenses (other) incurred | 2019-09-30 | $11,730 |
| Liabilities. Value of operating payables at end of year | 2019-09-30 | $19,500 |
| Liabilities. Value of operating payables at beginning of year | 2019-09-30 | $18,000 |
| Total non interest bearing cash at end of year | 2019-09-30 | $376,302 |
| Total non interest bearing cash at beginning of year | 2019-09-30 | $294,857 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-09-30 | No |
| Value of net income/loss | 2019-09-30 | $2,167,266 |
| Value of net assets at end of year (total assets less liabilities) | 2019-09-30 | $33,857,848 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-09-30 | $31,690,582 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-09-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-09-30 | No |
| Investment advisory and management fees | 2019-09-30 | $66,290 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-09-30 | $29,557,167 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-09-30 | $27,881,124 |
| Interest on participant loans | 2019-09-30 | $34,872 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-09-30 | $2,766,592 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-09-30 | $2,566,347 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-09-30 | $2,566,347 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-09-30 | $1,524 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-09-30 | $475,655 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-09-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-09-30 | No |
| Contributions received in cash from employer | 2019-09-30 | $1,835,645 |
| Employer contributions (assets) at end of year | 2019-09-30 | $162,639 |
| Employer contributions (assets) at beginning of year | 2019-09-30 | $73,986 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-09-30 | $803,696 |
| Contract administrator fees | 2019-09-30 | $5,271 |
| 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 | 2019-09-30 | No |
| Did the plan have assets held for investment | 2019-09-30 | 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 | 2019-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-09-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-09-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2019-09-30 | Unqualified |
| Accountancy firm name | 2019-09-30 | RUSSELL BRIER & CO LLP |
| Accountancy firm EIN | 2019-09-30 | 041796830 |
| 2018 : BSA-ILA RETIREMENT ACCOUNT PLAN 2018 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-09-30 | $18,000 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-09-30 | $18,000 |
| Total income from all sources (including contributions) | 2018-09-30 | $4,288,429 |
| Total of all expenses incurred | 2018-09-30 | $1,489,171 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-09-30 | $1,301,501 |
| Expenses. Certain deemed distributions of participant loans | 2018-09-30 | $83,295 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-09-30 | $1,553,664 |
| Value of total assets at end of year | 2018-09-30 | $31,708,582 |
| Value of total assets at beginning of year | 2018-09-30 | $28,909,324 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-09-30 | $104,375 |
| Total interest from all sources | 2018-09-30 | $39,452 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-09-30 | $578,304 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-09-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-09-30 | $578,304 |
| Administrative expenses professional fees incurred | 2018-09-30 | $20,500 |
| Was this plan covered by a fidelity bond | 2018-09-30 | Yes |
| Value of fidelity bond cover | 2018-09-30 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2018-09-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2018-09-30 | No |
| Participant contributions at end of year | 2018-09-30 | $883,402 |
| Participant contributions at beginning of year | 2018-09-30 | $991,831 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-09-30 | $8,866 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-09-30 | $9,449 |
| Administrative expenses (other) incurred | 2018-09-30 | $10,738 |
| Liabilities. Value of operating payables at end of year | 2018-09-30 | $18,000 |
| Liabilities. Value of operating payables at beginning of year | 2018-09-30 | $18,000 |
| Total non interest bearing cash at end of year | 2018-09-30 | $294,857 |
| Total non interest bearing cash at beginning of year | 2018-09-30 | $272,323 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-09-30 | No |
| Value of net income/loss | 2018-09-30 | $2,799,258 |
| Value of net assets at end of year (total assets less liabilities) | 2018-09-30 | $31,690,582 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-09-30 | $28,891,324 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-09-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-09-30 | No |
| Investment advisory and management fees | 2018-09-30 | $68,137 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-09-30 | $27,881,124 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-09-30 | $24,677,389 |
| Interest on participant loans | 2018-09-30 | $37,972 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-09-30 | $2,566,347 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-09-30 | $2,903,196 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-09-30 | $2,903,196 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-09-30 | $1,480 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-09-30 | $2,117,009 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-09-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-09-30 | No |
| Contributions received in cash from employer | 2018-09-30 | $1,553,664 |
| Employer contributions (assets) at end of year | 2018-09-30 | $73,986 |
| Employer contributions (assets) at beginning of year | 2018-09-30 | $55,136 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-09-30 | $1,301,501 |
| Contract administrator fees | 2018-09-30 | $5,000 |
| 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 | 2018-09-30 | No |
| Did the plan have assets held for investment | 2018-09-30 | 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 | 2018-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-09-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-09-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2018-09-30 | Unqualified |
| Accountancy firm name | 2018-09-30 | RUSSELL BRIER & CO LLP |
| Accountancy firm EIN | 2018-09-30 | 041796830 |
