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SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameSBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN
Plan identification number 001

SBS SERVICES CORPORATION 401(K) PROFIT SHARING 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

SBS SERVICES CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:SBS SERVICES CORPORATION
Employer identification number (EIN):472687264
NAIC Classification:221300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01CHRISTIAN NELSON2021-10-15 CHRISTIAN NELSON2021-10-15
0012019-01-01CHRISTIAN NELSON2020-10-15 CHRISTIAN NELSON2020-10-15
0012018-01-01CHRISTIAN NELSON2019-10-15 CHRISTIAN NELSON2019-10-15
0012017-01-01
0012016-01-01

Plan Statistics for SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2021: SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01237
Total number of active participants reported on line 7a of the Form 55002021-01-01242
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-0146
Total of all active and inactive participants2021-01-01290
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01290
Number of participants with account balances2021-01-01170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-014
2020: SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01257
Total number of active participants reported on line 7a of the Form 55002020-01-01196
Number of retired or separated participants receiving benefits2020-01-014
Number of other retired or separated participants entitled to future benefits2020-01-0146
Total of all active and inactive participants2020-01-01246
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01246
Number of participants with account balances2020-01-01120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01199
Total number of active participants reported on line 7a of the Form 55002019-01-01182
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-018
Total of all active and inactive participants2019-01-01191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01191
Number of participants with account balances2019-01-0186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01267
Total number of active participants reported on line 7a of the Form 55002018-01-01224
Number of retired or separated participants receiving benefits2018-01-0126
Number of other retired or separated participants entitled to future benefits2018-01-0129
Total of all active and inactive participants2018-01-01279
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01279
Number of participants with account balances2018-01-01130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01225
Total number of active participants reported on line 7a of the Form 55002017-01-01220
Number of retired or separated participants receiving benefits2017-01-0118
Number of other retired or separated participants entitled to future benefits2017-01-0116
Total of all active and inactive participants2017-01-01254
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01254
Number of participants with account balances2017-01-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01185
Total number of active participants reported on line 7a of the Form 55002016-01-01194
Number of retired or separated participants receiving benefits2016-01-0115
Number of other retired or separated participants entitled to future benefits2016-01-014
Total of all active and inactive participants2016-01-01213
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01213
Number of participants with account balances2016-01-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-017

Financial Data on SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2021 : SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$2,330,840
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$19,252
Total income from all sources (including contributions)2021-12-31$2,673,912
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$840,631
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$813,958
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,401,902
Value of total assets at end of year2021-12-31$11,018,470
Value of total assets at beginning of year2021-12-31$6,873,601
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$26,673
Total interest from all sources2021-12-31$2,768
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
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$811,444
Participant contributions at end of year2021-12-31$65,425
Participant contributions at beginning of year2021-12-31$28,259
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$212,242
Other income not declared elsewhere2021-12-31$8,007
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$162
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$1,833,281
Value of net assets at end of year (total assets less liabilities)2021-12-31$11,018,470
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$6,854,349
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 pooled separate accounts at end of year2021-12-31$10,240,616
Value of interest in pooled separate accounts at beginning of year2021-12-31$6,819,115
Interest on participant loans2021-12-31$2,768
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$712,429
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$0
Net investment gain/loss from pooled separate accounts2021-12-31$1,261,235
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$378,216
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$26,065
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$813,958
Contract administrator fees2021-12-31$26,673
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
Liabilities. Value of benefit claims payable at end of year2021-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$19,252
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 name2021-12-31BATES, CARTER & CO., LLP
Accountancy firm EIN2021-12-31208004844
2020 : SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$19,251
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$17,450
Total income from all sources (including contributions)2020-12-31$1,879,797
Total of all expenses incurred2020-12-31$258,575
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$221,462
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$858,217
Value of total assets at end of year2020-12-31$6,873,601
Value of total assets at beginning of year2020-12-31$5,250,578
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$37,113
Total interest from all sources2020-12-31$3,605
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
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$511,903
Participant contributions at end of year2020-12-31$28,259
Participant contributions at beginning of year2020-12-31$18,486
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$81,675
Administrative expenses (other) incurred2020-12-31$767
Total non interest bearing cash at end of year2020-12-31$162
Total non interest bearing cash at beginning of year2020-12-31$1,045
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$1,621,222
Value of net assets at end of year (total assets less liabilities)2020-12-31$6,854,350
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,233,128
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
Investment advisory and management fees2020-12-31$24,360
Value of interest in pooled separate accounts at end of year2020-12-31$6,819,115
Value of interest in pooled separate accounts at beginning of year2020-12-31$5,200,849
Interest on participant loans2020-12-31$1,597
Interest earned on other investments2020-12-31$2,008
Net investment gain/loss from pooled separate accounts2020-12-31$1,017,975
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$264,639
Employer contributions (assets) at end of year2020-12-31$26,065
Employer contributions (assets) at beginning of year2020-12-31$30,198
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$221,462
Contract administrator fees2020-12-31$11,986
Liabilities. Value of benefit claims payable at end of year2020-12-31$19,251
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$17,450
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 name2020-12-31BATES, CARTER & CO., LLP
Accountancy firm EIN2020-12-31208004844
2019 : SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$17,450
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$17,779
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$17,779
Total income from all sources (including contributions)2019-12-31$1,638,145
Total income from all sources (including contributions)2019-12-31$1,638,145
Total of all expenses incurred2019-12-31$350,268
Total of all expenses incurred2019-12-31$350,268
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$314,988
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$314,988
Value of total corrective distributions2019-12-31$7,969
Value of total corrective distributions2019-12-31$7,969
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$767,955
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$767,955
Value of total assets at end of year2019-12-31$5,250,578
Value of total assets at end of year2019-12-31$5,250,578
Value of total assets at beginning of year2019-12-31$3,963,030
Value of total assets at beginning of year2019-12-31$3,963,030
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$27,311
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$27,311
Total interest from all sources2019-12-31$3,329
Total interest from all sources2019-12-31$3,329
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
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
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$475,102
Contributions received from participants2019-12-31$475,102
Participant contributions at end of year2019-12-31$18,486
Participant contributions at end of year2019-12-31$18,486
Participant contributions at beginning of year2019-12-31$35,339
Participant contributions at beginning of year2019-12-31$35,339
Participant contributions at beginning of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$35,394
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$35,394
Administrative expenses (other) incurred2019-12-31$494
Administrative expenses (other) incurred2019-12-31$494
Total non interest bearing cash at end of year2019-12-31$1,045
Total non interest bearing cash at end of year2019-12-31$1,045
Total non interest bearing cash at beginning of year2019-12-31$444
Total non interest bearing cash at beginning of year2019-12-31$444
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
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$1,287,877
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,233,128
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,233,128
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,945,251
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,945,251
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
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 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
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$23,988
Investment advisory and management fees2019-12-31$23,988
Value of interest in pooled separate accounts at end of year2019-12-31$5,200,849
Value of interest in pooled separate accounts at end of year2019-12-31$5,200,849
Value of interest in pooled separate accounts at beginning of year2019-12-31$3,927,247
Value of interest in pooled separate accounts at beginning of year2019-12-31$3,927,247
Interest on participant loans2019-12-31$1,017
Interest on participant loans2019-12-31$1,017
Interest earned on other investments2019-12-31$2,312
Interest earned on other investments2019-12-31$2,312
Net investment gain/loss from pooled separate accounts2019-12-31$866,861
Net investment gain/loss from pooled separate accounts2019-12-31$866,861
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
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
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
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$257,459
Contributions received in cash from employer2019-12-31$257,459
Employer contributions (assets) at end of year2019-12-31$30,198
Employer contributions (assets) at end of year2019-12-31$30,198
Employer contributions (assets) at beginning of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$314,988
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$314,988
Contract administrator fees2019-12-31$2,829
Contract administrator fees2019-12-31$2,829
Liabilities. Value of benefit claims payable at end of year2019-12-31$17,450
Liabilities. Value of benefit claims payable at end of year2019-12-31$17,450
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$17,779
Did the plan have assets held for investment2019-12-31Yes
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
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
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
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
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BATES, CARTER & CO., LLP
Accountancy firm name2019-12-31BATES, CARTER & CO., LLP
Accountancy firm EIN2019-12-31208004844
Accountancy firm EIN2019-12-31208004844
2018 : SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$17,779
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$8,297
Total income from all sources (including contributions)2018-12-31$436,692
Total of all expenses incurred2018-12-31$973,559
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$937,850
Value of total corrective distributions2018-12-31$9,482
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$762,733
Value of total assets at end of year2018-12-31$3,963,030
Value of total assets at beginning of year2018-12-31$4,490,415
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$26,227
Total interest from all sources2018-12-31$8,258
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
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$468,423
Participant contributions at end of year2018-12-31$35,339
Participant contributions at beginning of year2018-12-31$36,026
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$16,740
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$67,719
Administrative expenses (other) incurred2018-12-31$605
Total non interest bearing cash at end of year2018-12-31$444
Total non interest bearing cash at beginning of year2018-12-31$444
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-536,867
Value of net assets at end of year (total assets less liabilities)2018-12-31$3,945,251
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,482,118
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
Investment advisory and management fees2018-12-31$22,725
Value of interest in pooled separate accounts at end of year2018-12-31$3,927,247
Value of interest in pooled separate accounts at beginning of year2018-12-31$4,430,638
Interest on participant loans2018-12-31$2,318
Interest earned on other investments2018-12-31$5,940
Net investment gain/loss from pooled separate accounts2018-12-31$-334,299
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$226,591
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$6,567
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$937,850
Contract administrator fees2018-12-31$2,897
Liabilities. Value of benefit claims payable at end of year2018-12-31$17,779
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$8,297
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 name2018-12-31BATES, CARTER & CO., LLP
Accountancy firm EIN2018-12-31208004844
2017 : SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$8,297
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$1,053
Total income from all sources (including contributions)2017-12-31$1,357,548
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$463,843
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$432,284
Value of total corrective distributions2017-12-31$7,244
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$733,780
Value of total assets at end of year2017-12-31$4,490,415
Value of total assets at beginning of year2017-12-31$3,589,466
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$24,315
Total interest from all sources2017-12-31$2,909
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
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$1,000,000
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$453,994
Participant contributions at end of year2017-12-31$36,026
Participant contributions at beginning of year2017-12-31$38,569
Participant contributions at end of year2017-12-31$16,740
Participant contributions at beginning of year2017-12-31$16,740
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$71,514
Administrative expenses (other) incurred2017-12-31$731
Total non interest bearing cash at end of year2017-12-31$444
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$893,705
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,482,118
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$3,588,413
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
Investment advisory and management fees2017-12-31$15,754
Value of interest in pooled separate accounts at end of year2017-12-31$4,430,638
Value of interest in pooled separate accounts at beginning of year2017-12-31$3,527,590
Interest on participant loans2017-12-31$1,405
Interest earned on other investments2017-12-31$1,504
Net investment gain/loss from pooled separate accounts2017-12-31$620,859
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 contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$208,272
Employer contributions (assets) at end of year2017-12-31$6,567
Employer contributions (assets) at beginning of year2017-12-31$6,567
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$432,284
Contract administrator fees2017-12-31$7,830
Liabilities. Value of benefit claims payable at end of year2017-12-31$8,297
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$1,053
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 name2017-12-31BATES, CARTER & CO., LLP
Accountancy firm EIN2017-12-31208004844
2016 : SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$1,053
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$3,400
Total income from all sources (including contributions)2016-12-31$2,298,118
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$429,610
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$411,209
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,128,446
Value of total assets at end of year2016-12-31$3,589,466
Value of total assets at beginning of year2016-12-31$1,723,305
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$18,401
Total interest from all sources2016-12-31$1,529
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$437,304
Participant contributions at end of year2016-12-31$38,569
Participant contributions at beginning of year2016-12-31$30,514
Participant contributions at end of year2016-12-31$16,740
Participant contributions at beginning of year2016-12-31$13,231
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$1,520,789
Administrative expenses (other) incurred2016-12-31$494
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$1,868,508
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,588,413
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$1,719,905
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$3,527,590
Value of interest in pooled separate accounts at beginning of year2016-12-31$1,669,948
Interest on participant loans2016-12-31$1,529
Net investment gain/loss from pooled separate accounts2016-12-31$168,143
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$170,353
Employer contributions (assets) at end of year2016-12-31$6,567
Employer contributions (assets) at beginning of year2016-12-31$9,612
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$411,209
Contract administrator fees2016-12-31$17,907
Liabilities. Value of benefit claims payable at end of year2016-12-31$1,053
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$3,400
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BATES, CARTER & CO., LLP
Accountancy firm EIN2016-12-31208004844

Form 5500 Responses for SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN

2021: SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
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: SBS SERVICES CORPORATION 401(K) PROFIT SHARING 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 – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SBS SERVICES CORPORATION 401(K) PROFIT SHARING 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 – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SBS SERVICES CORPORATION 401(K) PROFIT SHARING 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 – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number860895
Policy instance 1
Insurance contract or identification number860895
Number of Individuals Covered174
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?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerTPA
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number69223
Policy instance 2
Insurance contract or identification number69223
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
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?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number69223
Policy instance 1
Insurance contract or identification number69223
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of fees paid to insurance companyUSD $3,087
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees3087
Additional information about fees paid to insurance brokerTPA FEES AND COMPENSATION
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number69223
Policy instance 1
Insurance contract or identification number69223
Number of Individuals Covered115
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of fees paid to insurance companyUSD $494
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees494
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number69223
Policy instance 1
Insurance contract or identification number69223
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of fees paid to insurance companyUSD $790
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees790
Additional information about fees paid to insurance brokerTPA FEES AND TPA COMPENSATION
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number69223
Policy instance 1
Insurance contract or identification number69223
Number of Individuals Covered93
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $6,120
Total amount of fees paid to insurance companyUSD $2,523
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?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 $6,120
Insurance broker organization code?3
Amount paid for insurance broker fees2523
Additional information about fees paid to insurance brokerTPA FEES AND TPA COMPENSATION
Insurance broker nameR. BRUCE TANNER & ASSOCIATES, INC.

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