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BETINES & SONS, INC. RETIREMENT PLAN 401k Plan overview

Plan NameBETINES & SONS, INC. RETIREMENT PLAN
Plan identification number 001

BETINES & SONS, INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

BETINES & SONS, INC. has sponsored the creation of one or more 401k plans.

Company Name:BETINES & SONS, INC.
Employer identification number (EIN):454605271
NAIC Classification:811490
NAIC Description:Other Personal and Household Goods Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BETINES & SONS, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01JOHN BETINES
0012015-01-01JOHN BETINES
0012014-01-01JOHN BETINES
0012013-01-01JOHN BETINES
0012012-02-23JOHN M. BETINES

Financial Data on BETINES & SONS, INC. RETIREMENT PLAN

Measure Date Value
2016 : BETINES & SONS, INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-08-31$-12,000
Expenses. Total of all expenses incurred2016-08-31$0
Benefits paid (including direct rollovers)2016-08-31$0
Total plan assets at end of year2016-08-31$0
Total plan assets at beginning of year2016-08-31$12,000
Total contributions received or receivable from participants2016-08-31$0
Contributions received from other sources (not participants or employers)2016-08-31$0
Other income received2016-08-31$-12,000
Net income (gross income less expenses)2016-08-31$-12,000
Net plan assets at end of year (total assets less liabilities)2016-08-31$0
Net plan assets at beginning of year (total assets less liabilities)2016-08-31$12,000
Assets. Value of employer securities2016-08-31$0
Total contributions received or receivable from employer(s)2016-08-31$0
Value of certain deemed distributions of participant loans2016-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-08-31$0
2015 : BETINES & SONS, INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources2015-12-31$-38,000
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$12,000
Total plan assets at beginning of year2015-12-31$50,000
Total contributions received or receivable from participants2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-38,000
Net income (gross income less expenses)2015-12-31$-38,000
Net plan assets at end of year (total assets less liabilities)2015-12-31$12,000
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$50,000
Assets. Value of employer securities2015-12-31$12,000
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
2014 : BETINES & SONS, INC. RETIREMENT PLAN 2014 401k financial data
Total income from all sources2014-12-31$-22,833
Expenses. Total of all expenses incurred2014-12-31$0
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$50,000
Total plan assets at beginning of year2014-12-31$72,833
Total contributions received or receivable from participants2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$-22,833
Net income (gross income less expenses)2014-12-31$-22,833
Net plan assets at end of year (total assets less liabilities)2014-12-31$50,000
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$72,833
Assets. Value of employer securities2014-12-31$50,000
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0
2013 : BETINES & SONS, INC. RETIREMENT PLAN 2013 401k financial data
Total income from all sources2013-12-31$-25,167
Expenses. Total of all expenses incurred2013-12-31$0
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$72,833
Total plan assets at beginning of year2013-12-31$98,000
Total contributions received or receivable from participants2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$-25,167
Net income (gross income less expenses)2013-12-31$-25,167
Net plan assets at end of year (total assets less liabilities)2013-12-31$72,833
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$98,000
Assets. Value of employer securities2013-12-31$72,833
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
2012 : BETINES & SONS, INC. RETIREMENT PLAN 2012 401k financial data
Total income from all sources2012-12-31$98,025
Expenses. Total of all expenses incurred2012-12-31$25
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$98,000
Total plan assets at beginning of year2012-12-31$0
Total contributions received or receivable from participants2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$105,090
Other income received2012-12-31$-7,065
Net income (gross income less expenses)2012-12-31$98,000
Net plan assets at end of year (total assets less liabilities)2012-12-31$98,000
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Assets. Value of employer securities2012-12-31$98,000
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$25

Form 5500 Responses for BETINES & SONS, INC. RETIREMENT PLAN

2016: BETINES & SONS, INC. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BETINES & SONS, INC. RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BETINES & SONS, INC. RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BETINES & SONS, INC. RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BETINES & SONS, INC. RETIREMENT PLAN 2012 form 5500 responses
2012-02-23Type of plan entitySingle employer plan
2012-02-23First time form 5500 has been submittedYes
2012-02-23This return/report is a short plan year return/report (less than 12 months)Yes
2012-02-23Plan funding arrangement – TrustYes
2012-02-23Plan benefit arrangement - TrustYes

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