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BRIGHT INDUSTRIES, LLC 401(K) PLAN 401k Plan overview

Plan NameBRIGHT INDUSTRIES, LLC 401(K) PLAN
Plan identification number 001

BRIGHT INDUSTRIES, LLC 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.
  • 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

BRIGHT INDUSTRIES, LLC has sponsored the creation of one or more 401k plans.

Company Name:BRIGHT INDUSTRIES, LLC
Employer identification number (EIN):412218704
NAIC Classification:531390
NAIC Description:Other Activities Related to Real Estate

Additional information about BRIGHT INDUSTRIES, LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2011-12-30
Company Identification Number: 0801524111
Legal Registered Office Address: 4400 STATE HIGHWAY 121 STE 900

LEWISVILLE
United States of America (USA)
75056

More information about BRIGHT INDUSTRIES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BRIGHT INDUSTRIES, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-02-15MICHELLE SANDMANN

Plan Statistics for BRIGHT INDUSTRIES, LLC 401(K) PLAN

401k plan membership statisitcs for BRIGHT INDUSTRIES, LLC 401(K) PLAN

Measure Date Value
2022: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01161
Total number of active participants reported on line 7a of the Form 55002022-01-01116
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0121
Total of all active and inactive participants2022-01-01137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01137
Number of participants with account balances2022-01-01125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0125
2021: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01133
Total number of active participants reported on line 7a of the Form 55002021-01-01114
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0144
Total of all active and inactive participants2021-01-01158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01158
Number of participants with account balances2021-01-01135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-012
2020: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01154
Total number of active participants reported on line 7a of the Form 55002020-01-01108
Number of retired or separated participants receiving benefits2020-01-0118
Number of other retired or separated participants entitled to future benefits2020-01-0136
Total of all active and inactive participants2020-01-01162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01162
Number of participants with account balances2020-01-01130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0121
2019: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01156
Total number of active participants reported on line 7a of the Form 55002019-01-01119
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0139
Total of all active and inactive participants2019-01-01158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01158
Number of participants with account balances2019-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-017
2018: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01162
Total number of active participants reported on line 7a of the Form 55002018-01-01107
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0140
Total of all active and inactive participants2018-01-01147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01147
Number of participants with account balances2018-01-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0117
2017: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-02-15183
Total number of active participants reported on line 7a of the Form 55002017-02-15170
Number of retired or separated participants receiving benefits2017-02-150
Number of other retired or separated participants entitled to future benefits2017-02-1520
Total of all active and inactive participants2017-02-15190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-02-150
Total participants2017-02-15190
Number of participants with account balances2017-02-15118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-02-1518

Financial Data on BRIGHT INDUSTRIES, LLC 401(K) PLAN

Measure Date Value
2022 : BRIGHT INDUSTRIES, LLC 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$304,658
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$413,281
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$391,344
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$776,580
Value of total assets at end of year2022-12-31$2,687,097
Value of total assets at beginning of year2022-12-31$2,795,720
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$21,937
Total interest from all sources2022-12-31$4,791
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$139,128
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$139,128
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$280,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$546,411
Participant contributions at end of year2022-12-31$110,919
Participant contributions at beginning of year2022-12-31$89,345
Participant contributions at end of year2022-12-31$18,056
Administrative expenses (other) incurred2022-12-31$21,937
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-108,623
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,687,097
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,795,720
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,511,576
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,653,920
Interest on participant loans2022-12-31$4,791
Value of interest in common/collective trusts at end of year2022-12-31$36,222
Value of interest in common/collective trusts at beginning of year2022-12-31$52,455
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-616,615
Net investment gain or loss from common/collective trusts2022-12-31$774
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$230,169
Employer contributions (assets) at end of year2022-12-31$10,324
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$391,344
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PSK LLP
Accountancy firm EIN2022-12-31751486711
2021 : BRIGHT INDUSTRIES, LLC 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets from this plan2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,049,710
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$407,585
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$397,520
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$678,090
Value of total assets at end of year2021-12-31$2,795,720
Value of total assets at beginning of year2021-12-31$2,153,595
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$10,065
Total interest from all sources2021-12-31$4,542
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$132,587
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$132,587
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$216,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$418,672
Participant contributions at end of year2021-12-31$89,345
Participant contributions at beginning of year2021-12-31$87,244
Participant contributions at beginning of year2021-12-31$7,626
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$8,037
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$353
Administrative expenses (other) incurred2021-12-31$10,065
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$642,125
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,795,720
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,153,595
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$2,653,920
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,033,344
Interest on participant loans2021-12-31$4,542
Value of interest in common/collective trusts at end of year2021-12-31$52,455
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$14,645
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$234,434
Net investment gain or loss from common/collective trusts2021-12-31$57
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$251,381
Employer contributions (assets) at beginning of year2021-12-31$10,383
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$397,520
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PSK LLP
Accountancy firm EIN2021-12-31751486711
2020 : BRIGHT INDUSTRIES, LLC 401(K) PLAN 2020 401k financial data
Total transfer of assets from this plan2020-12-31$445
Total income from all sources (including contributions)2020-12-31$815,466
Total of all expenses incurred2020-12-31$149,074
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$141,637
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$546,403
Value of total assets at end of year2020-12-31$2,153,595
Value of total assets at beginning of year2020-12-31$1,487,648
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$7,437
Total interest from all sources2020-12-31$2,284
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$215,360
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$356,078
Participant contributions at end of year2020-12-31$87,244
Participant contributions at beginning of year2020-12-31$833
Participant contributions at end of year2020-12-31$7,626
Participant contributions at beginning of year2020-12-31$17,835
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$14,888
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$353
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$666,392
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,153,595
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$1,487,648
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$2,033,344
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$1,449,402
Interest on participant loans2020-12-31$2,284
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$14,645
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$10,641
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$266,779
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$175,437
Employer contributions (assets) at end of year2020-12-31$10,383
Employer contributions (assets) at beginning of year2020-12-31$8,937
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$141,637
Contract administrator fees2020-12-31$7,437
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31PSK LLP
Accountancy firm EIN2020-12-31751486711
2019 : BRIGHT INDUSTRIES, LLC 401(K) PLAN 2019 401k financial data
Total transfer of assets from this plan2019-12-31$202,594
Total income from all sources (including contributions)2019-12-31$785,678
Total of all expenses incurred2019-12-31$133,499
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$128,635
Expenses. Certain deemed distributions of participant loans2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$545,162
Value of total assets at end of year2019-12-31$1,487,648
Value of total assets at beginning of year2019-12-31$1,038,063
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$4,864
Total interest from all sources2019-12-31$274
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$148,758
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$345,721
Participant contributions at end of year2019-12-31$833
Participant contributions at beginning of year2019-12-31$12,379
Participant contributions at end of year2019-12-31$17,835
Participant contributions at beginning of year2019-12-31$3,723
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$652,179
Value of net assets at end of year (total assets less liabilities)2019-12-31$1,487,648
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,038,063
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$1,449,402
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,012,713
Interest on participant loans2019-12-31$274
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$10,641
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$7,349
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$240,242
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$199,441
Employer contributions (assets) at end of year2019-12-31$8,937
Employer contributions (assets) at beginning of year2019-12-31$1,899
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$128,635
Contract administrator fees2019-12-31$4,864
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PSK LLP
Accountancy firm EIN2019-12-31751486711
2018 : BRIGHT INDUSTRIES, LLC 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$474,869
Total of all expenses incurred2018-12-31$65,397
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$60,290
Expenses. Certain deemed distributions of participant loans2018-12-31$1,779
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$567,640
Value of total assets at end of year2018-12-31$1,038,063
Value of total assets at beginning of year2018-12-31$628,591
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$3,328
Total interest from all sources2018-12-31$607
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$103,800
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$357,729
Participant contributions at end of year2018-12-31$12,379
Participant contributions at beginning of year2018-12-31$2,611
Participant contributions at end of year2018-12-31$3,723
Participant contributions at beginning of year2018-12-31$187
Assets. Other investments not covered elsewhere at end of year2018-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$409,472
Value of net assets at end of year (total assets less liabilities)2018-12-31$1,038,063
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$628,591
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$1,012,713
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$622,243
Interest on participant loans2018-12-31$518
Interest earned on other investments2018-12-31$89
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$7,349
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$3,443
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-93,378
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$209,911
Employer contributions (assets) at end of year2018-12-31$1,899
Employer contributions (assets) at beginning of year2018-12-31$107
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$60,290
Contract administrator fees2018-12-31$3,328
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31PSK LLP
Accountancy firm EIN2018-12-31751486711
2017 : BRIGHT INDUSTRIES, LLC 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$631,187
Total of all expenses incurred2017-12-31$2,596
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$2,440
Expenses. Certain deemed distributions of participant loans2017-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$588,673
Value of total assets at end of year2017-12-31$628,591
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$156
Total interest from all sources2017-12-31$64
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$62,860
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$358,679
Participant contributions at end of year2017-12-31$2,611
Participant contributions at end of year2017-12-31$187
Assets. Other investments not covered elsewhere at end of year2017-12-31$3,443
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$13,730
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$628,591
Value of net assets at end of year (total assets less liabilities)2017-12-31$628,591
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$622,243
Interest on participant loans2017-12-31$37
Interest earned on other investments2017-12-31$27
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$42,450
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$216,264
Employer contributions (assets) at end of year2017-12-31$107
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$2,440
Contract administrator fees2017-12-31$156
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31GRANT THORNTON LLP
Accountancy firm EIN2017-12-31366055558

Form 5500 Responses for BRIGHT INDUSTRIES, LLC 401(K) PLAN

2022: BRIGHT INDUSTRIES, LLC 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
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: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: BRIGHT INDUSTRIES, LLC 401(K) PLAN 2017 form 5500 responses
2017-02-15Type of plan entitySingle employer plan
2017-02-15First time form 5500 has been submittedYes
2017-02-15This return/report is a short plan year return/report (less than 12 months)Yes
2017-02-15Plan funding arrangement – TrustYes
2017-02-15Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-JV7Q
Policy instance 1
Insurance contract or identification numberGAP-CP-JV7Q
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
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?No
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?Yes
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-JV7Q
Policy instance 1
Insurance contract or identification numberGAP-CP-JV7Q
Number of Individuals Covered162
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $29
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $29
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?4
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-JV7Q
Policy instance 1
Insurance contract or identification numberGAP-CP-JV7Q
Number of Individuals Covered158
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $41
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $41
Amount paid for insurance broker fees0
Insurance broker organization code?4
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-JV7Q
Policy instance 1
Insurance contract or identification numberGAP-CP-JV7Q
Number of Individuals Covered116
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $27
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $27
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?4
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-JV7Q
Policy instance 1
Insurance contract or identification numberGAP-CP-JV7Q
Number of Individuals Covered118
Insurance policy start date2017-02-15
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $8
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $6
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?4
Insurance broker nameCAMBRIDGE INVESTMENT RESEARCH

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