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ACCUBID CIVIL CONSTRUCTION INC. 401K PLAN 401k Plan overview

Plan NameACCUBID CIVIL CONSTRUCTION INC. 401K PLAN
Plan identification number 001

ACCUBID CIVIL CONSTRUCTION INC. 401K 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

ACCUBID CIVIL CONSTRUCTIONINC. has sponsored the creation of one or more 401k plans.

Company Name:ACCUBID CIVIL CONSTRUCTIONINC.
Employer identification number (EIN):452402281
NAIC Classification:237990
NAIC Description:Other Heavy and Civil Engineering Construction

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ACCUBID CIVIL CONSTRUCTION INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01THOMAS E PANK2023-05-26
0012021-01-01THOMAS E PANK2022-10-12
0012020-01-01THOMAS E PANK2021-07-09
0012019-01-01THOMAS E PANK2020-10-01
0012018-01-01THOMAS E PANK2019-09-27
0012018-01-01THOMAS E PANK2019-09-27
0012017-01-01THOMAS E PANK2018-09-25
0012017-01-01THOMAS E PANK2018-09-25
0012016-01-01THOMAS E PANK2017-10-03
0012015-01-01THOMAS E PANK2016-10-12
0012015-01-01THOMAS E PANK2016-10-11
0012014-01-01THOMAS E. PANK2015-10-09 THOMAS E. PANK2015-10-09
0012013-01-01THOMAS E. PANK2014-09-30 THOMAS E. PANK2014-09-30
0012012-01-01THOMAS E. PANK2014-03-12 THOMAS E. PANK2014-03-12
0012011-01-01

Plan Statistics for ACCUBID CIVIL CONSTRUCTION INC. 401K PLAN

401k plan membership statisitcs for ACCUBID CIVIL CONSTRUCTION INC. 401K PLAN

Measure Date Value
2011: ACCUBID CIVIL CONSTRUCTION INC. 401K PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01117
Total number of active participants reported on line 7a of the Form 55002011-01-0161
Number of other retired or separated participants entitled to future benefits2011-01-0142
Total of all active and inactive participants2011-01-01103
Total participants2011-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0163

Financial Data on ACCUBID CIVIL CONSTRUCTION INC. 401K PLAN

Measure Date Value
2011 : ACCUBID CIVIL CONSTRUCTION INC. 401K PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$15,396
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$114,364
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$109,575
Value of total corrective distributions2011-12-31$3,653
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$26,629
Value of total assets at end of year2011-12-31$1,309,545
Value of total assets at beginning of year2011-12-31$1,408,513
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$1,136
Total interest from all sources2011-12-31$18,443
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$26,629
Participant contributions at end of year2011-12-31$65,772
Participant contributions at end of year2011-12-31$5,191
Participant contributions at beginning of year2011-12-31$849
Administrative expenses (other) incurred2011-12-31$1,136
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-98,968
Value of net assets at end of year (total assets less liabilities)2011-12-31$1,309,545
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,408,513
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$721,016
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$848,427
Interest on participant loans2011-12-31$1,144
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$17,299
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$517,566
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$559,237
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-29,676
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$109,575
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No

Form 5500 Responses for ACCUBID CIVIL CONSTRUCTION INC. 401K PLAN

2011: ACCUBID CIVIL CONSTRUCTION INC. 401K PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG34076
Policy instance 1
Insurance contract or identification numberG34076
Number of Individuals Covered63
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $2,968
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

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