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BEAM EMPLOYEE RETIREMENT PLAN 401k Plan overview

Plan NameBEAM EMPLOYEE RETIREMENT PLAN
Plan identification number 001

BEAM EMPLOYEE RETIREMENT 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.
  • 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.
  • 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.

401k Sponsoring company profile

BUSINESS AND ECONOMICS ACADEMY OF has sponsored the creation of one or more 401k plans.

Company Name:BUSINESS AND ECONOMICS ACADEMY OF
Employer identification number (EIN):311713250
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BEAM EMPLOYEE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-07-01LINDA ROBINSON-PRODOEHL2018-02-06 LINDA ROBINSON-PRODOEHL2018-02-06
0012016-07-01LINDA ROBINSON-PRODOEHL2018-01-03 LINDA ROBINSON-PRODOEHL2018-01-03
0012015-07-01LINDA ROBINSON-PRODOEHL2017-01-27 LINDA ROBINSON-PRODOEHL2017-01-27
0012014-07-01LINDA ROBINSON-PRODOEHL LINDA ROBINSON-PRODOEHL2016-01-27
0012013-07-01LINDA ROBINSON-PRODOEHL LINDA ROBINSON-PRODOEHL2015-01-30
0012012-07-01LINDA ROBINSON-PRODOEHL LINDA ROBINSON-PRODOEHL2014-01-27
0012011-07-01LINDA ROBINSON-PRODOEHL

Plan Statistics for BEAM EMPLOYEE RETIREMENT PLAN

401k plan membership statisitcs for BEAM EMPLOYEE RETIREMENT PLAN

Measure Date Value
2014: BEAM EMPLOYEE RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-07-0168
Total number of active participants reported on line 7a of the Form 55002014-07-0192
Number of retired or separated participants receiving benefits2014-07-010
Number of other retired or separated participants entitled to future benefits2014-07-018
Total of all active and inactive participants2014-07-01100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-07-010
Total participants2014-07-01100
Number of participants with account balances2014-07-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-07-0110
2013: BEAM EMPLOYEE RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-07-0152
Total number of active participants reported on line 7a of the Form 55002013-07-0171
Number of retired or separated participants receiving benefits2013-07-010
Number of other retired or separated participants entitled to future benefits2013-07-016
Total of all active and inactive participants2013-07-0177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-07-010
Total participants2013-07-0177
Number of participants with account balances2013-07-0128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-07-0110
2012: BEAM EMPLOYEE RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-07-0152
Total number of active participants reported on line 7a of the Form 55002012-07-0167
Number of retired or separated participants receiving benefits2012-07-010
Number of other retired or separated participants entitled to future benefits2012-07-016
Total of all active and inactive participants2012-07-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-07-010
Total participants2012-07-0173
Number of participants with account balances2012-07-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-07-017
2011: BEAM EMPLOYEE RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-07-0163
Total number of active participants reported on line 7a of the Form 55002011-07-0165
Number of retired or separated participants receiving benefits2011-07-010
Number of other retired or separated participants entitled to future benefits2011-07-011
Total of all active and inactive participants2011-07-0166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-07-010
Total participants2011-07-0166
Number of participants with account balances2011-07-0165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-07-011

Financial Data on BEAM EMPLOYEE RETIREMENT PLAN

Measure Date Value
2015 : BEAM EMPLOYEE RETIREMENT PLAN 2015 401k financial data
Transfers to/from the plan2015-06-30$0
Total income from all sources2015-06-30$91,929
Expenses. Total of all expenses incurred2015-06-30$21,818
Benefits paid (including direct rollovers)2015-06-30$19,338
Total plan assets at end of year2015-06-30$478,132
Total plan assets at beginning of year2015-06-30$408,021
Value of fidelity bond covering the plan2015-06-30$500,000
Total contributions received or receivable from participants2015-06-30$64,330
Expenses. Other expenses not covered elsewhere2015-06-30$2,480
Contributions received from other sources (not participants or employers)2015-06-30$2,568
Other income received2015-06-30$12,719
Net income (gross income less expenses)2015-06-30$70,111
Net plan assets at end of year (total assets less liabilities)2015-06-30$478,132
Net plan assets at beginning of year (total assets less liabilities)2015-06-30$408,021
Assets. Value of participant loans2015-06-30$5,871
Total contributions received or receivable from employer(s)2015-06-30$12,312
Value of certain deemed distributions of participant loans2015-06-30$0
Value of corrective distributions2015-06-30$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-06-30$0
2014 : BEAM EMPLOYEE RETIREMENT PLAN 2014 401k financial data
Transfers to/from the plan2014-06-30$2,698
Total income from all sources2014-06-30$120,507
Expenses. Total of all expenses incurred2014-06-30$8,853
Benefits paid (including direct rollovers)2014-06-30$8,662
Total plan assets at end of year2014-06-30$408,021
Total plan assets at beginning of year2014-06-30$293,669
Value of fidelity bond covering the plan2014-06-30$500,000
Total contributions received or receivable from participants2014-06-30$61,749
Expenses. Other expenses not covered elsewhere2014-06-30$191
Contributions received from other sources (not participants or employers)2014-06-30$0
Other income received2014-06-30$49,158
Net income (gross income less expenses)2014-06-30$111,654
Net plan assets at end of year (total assets less liabilities)2014-06-30$408,021
Net plan assets at beginning of year (total assets less liabilities)2014-06-30$293,669
Assets. Value of participant loans2014-06-30$10,692
Total contributions received or receivable from employer(s)2014-06-30$9,600
Value of certain deemed distributions of participant loans2014-06-30$0
Value of corrective distributions2014-06-30$0
Funding deficiency by the employer to the plan for this plan year2014-06-30$0
Minimum employer required contribution for this plan year2014-06-30$0
Amount contributed by the employer to the plan for this plan year2014-06-30$0
2013 : BEAM EMPLOYEE RETIREMENT PLAN 2013 401k financial data
Transfers to/from the plan2013-06-30$0
Total income from all sources2013-06-30$113,979
Expenses. Total of all expenses incurred2013-06-30$15,612
Benefits paid (including direct rollovers)2013-06-30$15,420
Total plan assets at end of year2013-06-30$293,669
Total plan assets at beginning of year2013-06-30$195,302
Total contributions received or receivable from participants2013-06-30$72,775
Expenses. Other expenses not covered elsewhere2013-06-30$192
Contributions received from other sources (not participants or employers)2013-06-30$3,061
Other income received2013-06-30$26,962
Net income (gross income less expenses)2013-06-30$98,367
Net plan assets at end of year (total assets less liabilities)2013-06-30$293,669
Net plan assets at beginning of year (total assets less liabilities)2013-06-30$195,302
Assets. Value of participant loans2013-06-30$5,883
Total contributions received or receivable from employer(s)2013-06-30$11,181
Value of certain deemed distributions of participant loans2013-06-30$0
Value of corrective distributions2013-06-30$0
Funding deficiency by the employer to the plan for this plan year2013-06-30$0
Minimum employer required contribution for this plan year2013-06-30$0
Amount contributed by the employer to the plan for this plan year2013-06-30$0
2012 : BEAM EMPLOYEE RETIREMENT PLAN 2012 401k financial data
Transfers to/from the plan2012-06-30$0
Total income from all sources2012-06-30$197,351
Expenses. Total of all expenses incurred2012-06-30$2,049
Benefits paid (including direct rollovers)2012-06-30$2,000
Total plan assets at end of year2012-06-30$195,302
Total plan assets at beginning of year2012-06-30$0
Total contributions received or receivable from participants2012-06-30$62,883
Expenses. Other expenses not covered elsewhere2012-06-30$49
Contributions received from other sources (not participants or employers)2012-06-30$119,666
Other income received2012-06-30$6,027
Net income (gross income less expenses)2012-06-30$195,302
Net plan assets at end of year (total assets less liabilities)2012-06-30$195,302
Net plan assets at beginning of year (total assets less liabilities)2012-06-30$0
Assets. Value of participant loans2012-06-30$6,254
Total contributions received or receivable from employer(s)2012-06-30$8,775
Value of certain deemed distributions of participant loans2012-06-30$0
Value of corrective distributions2012-06-30$0
Funding deficiency by the employer to the plan for this plan year2012-06-30$0
Minimum employer required contribution for this plan year2012-06-30$0
Amount contributed by the employer to the plan for this plan year2012-06-30$0

Form 5500 Responses for BEAM EMPLOYEE RETIREMENT PLAN

2014: BEAM EMPLOYEE RETIREMENT PLAN 2014 form 5500 responses
2014-07-01Type of plan entitySingle employer plan
2014-07-01Submission has been amendedNo
2014-07-01This submission is the final filingNo
2014-07-01This return/report is a short plan year return/report (less than 12 months)No
2014-07-01Plan is a collectively bargained planNo
2014-07-01Plan funding arrangement – InsuranceYes
2014-07-01Plan funding arrangement – TrustYes
2014-07-01Plan benefit arrangement – InsuranceYes
2013: BEAM EMPLOYEE RETIREMENT PLAN 2013 form 5500 responses
2013-07-01Type of plan entitySingle employer plan
2013-07-01Submission has been amendedNo
2013-07-01This submission is the final filingNo
2013-07-01This return/report is a short plan year return/report (less than 12 months)No
2013-07-01Plan is a collectively bargained planNo
2013-07-01Plan funding arrangement – InsuranceYes
2013-07-01Plan funding arrangement – TrustYes
2013-07-01Plan benefit arrangement – InsuranceYes
2012: BEAM EMPLOYEE RETIREMENT PLAN 2012 form 5500 responses
2012-07-01Type of plan entitySingle employer plan
2012-07-01Submission has been amendedNo
2012-07-01This submission is the final filingNo
2012-07-01This return/report is a short plan year return/report (less than 12 months)No
2012-07-01Plan is a collectively bargained planNo
2012-07-01Plan funding arrangement – InsuranceYes
2012-07-01Plan funding arrangement – TrustYes
2012-07-01Plan benefit arrangement – InsuranceYes
2011: BEAM EMPLOYEE RETIREMENT PLAN 2011 form 5500 responses
2011-07-01Type of plan entitySingle employer plan
2011-07-01First time form 5500 has been submittedYes
2011-07-01Submission has been amendedNo
2011-07-01This submission is the final filingNo
2011-07-01This return/report is a short plan year return/report (less than 12 months)No
2011-07-01Plan is a collectively bargained planNo
2011-07-01Plan funding arrangement – InsuranceYes
2011-07-01Plan funding arrangement – TrustYes
2011-07-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-825699
Policy instance 1
Insurance contract or identification numberGA-825699
Number of Individuals Covered92
Insurance policy start date2014-07-01
Insurance policy end date2015-06-30
Total amount of commissions paid to insurance brokerUSD $833
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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 $833
Insurance broker organization code?3
Insurance broker nameLPL FINANCIAL CORPORATION
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-825699
Policy instance 1
Insurance contract or identification numberGA-825699
Number of Individuals Covered28
Insurance policy start date2013-07-01
Insurance policy end date2014-06-30
Total amount of commissions paid to insurance brokerUSD $634
Total amount of fees paid to insurance companyUSD $19
Are there contracts with allocated funds for individual policies?No
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 $634
Insurance broker organization code?3
Amount paid for insurance broker fees19
Additional information about fees paid to insurance brokerSALES/MARKETING
Insurance broker nameLPL FINANCIAL CORPORATION
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-825699
Policy instance 1
Insurance contract or identification numberGA-825699
Number of Individuals Covered67
Insurance policy start date2012-07-01
Insurance policy end date2013-06-30
Total amount of commissions paid to insurance brokerUSD $339
Total amount of fees paid to insurance companyUSD $67
Are there contracts with allocated funds for individual policies?No
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 $339
Insurance broker organization code?3
Amount paid for insurance broker fees67
Additional information about fees paid to insurance brokerSALES/MARKETING
Insurance broker nameLPL FINANCIAL LLC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-825699
Policy instance 1
Insurance contract or identification numberGA-825699
Number of Individuals Covered65
Insurance policy start date2011-07-01
Insurance policy end date2012-06-30
Total amount of commissions paid to insurance brokerUSD $2,870
Total amount of fees paid to insurance companyUSD $42
Are there contracts with allocated funds for individual policies?No
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

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