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BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameBECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number 001

BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • 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

BECO MANAGEMENT, INC. has sponsored the creation of one or more 401k plans.

Company Name:BECO MANAGEMENT, INC.
Employer identification number (EIN):521489276
NAIC Classification:531310

Additional information about BECO MANAGEMENT, INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1995-06-23
Company Identification Number: F121932
Legal Registered Office Address: 2311 WILSON BOULEVARD
SUITE 500
ARLINGTON
United States of America (USA)
22201

More information about BECO MANAGEMENT, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JUDITH WISNIEWSKI2023-10-06
0012021-01-01JAMES LYSTAD2022-08-31
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01JAMES LYSTAD
0012016-01-01CHARLES J.WALSTON
0012015-01-01CHARLES J WALSTON CHARLES J WALSTON2016-10-14
0012014-01-01CHARLES J. WALSTON2015-07-15 CHARLES J. WALSTON2015-07-15
0012013-01-01CHARLES J WALSTON2014-10-14 CHARLES J WALSTON2014-10-14
0012012-01-01CHARLES J WALSTON2013-06-14 CHARLES J WALSTON2013-06-14
0012011-01-01CHARLES J WALSTON2012-10-12 CHARLES J WALSTON2012-10-12
0012010-01-01CHARLES J WALSTON2011-07-15 CHARLES J WALSTON2011-07-15

Plan Statistics for BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2020: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-01109
Total number of active participants reported on line 7a of the Form 55002020-01-0172
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0123
Total of all active and inactive participants2020-01-0195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0195
Number of participants with account balances2020-01-0190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-018
2019: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-01106
Total number of active participants reported on line 7a of the Form 55002019-01-0177
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0129
Total of all active and inactive participants2019-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01106
Number of participants with account balances2019-01-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-018
2018: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-01106
Total number of active participants reported on line 7a of the Form 55002018-01-0186
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0118
Total of all active and inactive participants2018-01-01104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01104
Number of participants with account balances2018-01-0199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-013
2017: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-01112
Total number of active participants reported on line 7a of the Form 55002017-01-0190
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0116
Total of all active and inactive participants2017-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01106
Number of participants with account balances2017-01-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-01146
Total number of active participants reported on line 7a of the Form 55002016-01-01136
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0113
Total of all active and inactive participants2016-01-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01149
Number of participants with account balances2016-01-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-01143
Total number of active participants reported on line 7a of the Form 55002015-01-01134
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0112
Total of all active and inactive participants2015-01-01146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01146
Number of participants with account balances2015-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-014

Financial Data on BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2020 : BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$2,276,087
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$703,945
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$624,451
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$898,719
Value of total assets at end of year2020-12-31$11,328,912
Value of total assets at beginning of year2020-12-31$9,756,770
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$79,494
Total interest from all sources2020-12-31$10,277
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
Administrative expenses professional fees incurred2020-12-31$24,172
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
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$649,613
Participant contributions at end of year2020-12-31$141,271
Participant contributions at beginning of year2020-12-31$203,905
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$32,000
Total non interest bearing cash at end of year2020-12-31$13,690
Total non interest bearing cash at beginning of year2020-12-31$17,527
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$1,572,142
Value of net assets at end of year (total assets less liabilities)2020-12-31$11,328,912
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$9,756,770
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$21,976
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$11,173,246
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$9,535,338
Interest on participant loans2020-12-31$10,277
Value of interest in common/collective trusts at end of year2020-12-31$0
Value of interest in common/collective trusts at beginning of year2020-12-31$0
Net investment gain/loss from pooled separate accounts2020-12-31$1,367,091
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$217,106
Employer contributions (assets) at end of year2020-12-31$705
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$624,451
Contract administrator fees2020-12-31$33,346
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 plan2020-12-31Unqualified
Accountancy firm name2020-12-31BORMEL, GRICE & HUYETT, P.A.
Accountancy firm EIN2020-12-31521544136
2019 : BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,683,638
Total income from all sources (including contributions)2019-12-31$2,683,638
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$618,337
Total of all expenses incurred2019-12-31$618,337
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$537,397
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$537,397
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$970,610
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$970,610
Value of total assets at end of year2019-12-31$9,756,770
Value of total assets at end of year2019-12-31$9,756,770
Value of total assets at beginning of year2019-12-31$7,691,469
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$80,940
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$80,940
Total interest from all sources2019-12-31$8,632
Total interest from all sources2019-12-31$8,632
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
Administrative expenses professional fees incurred2019-12-31$29,480
Administrative expenses professional fees incurred2019-12-31$29,480
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$639,212
Contributions received from participants2019-12-31$639,212
Participant contributions at end of year2019-12-31$203,905
Participant contributions at end of year2019-12-31$203,905
Participant contributions at beginning of year2019-12-31$146,720
Participant contributions at beginning of year2019-12-31$146,720
Participant contributions at end of year2019-12-31$0
Participant contributions at end of year2019-12-31$0
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$102,079
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$102,079
Total non interest bearing cash at end of year2019-12-31$17,527
Total non interest bearing cash at end of year2019-12-31$17,527
Total non interest bearing cash at beginning of year2019-12-31$27,597
Total non interest bearing cash at beginning of year2019-12-31$27,597
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$2,065,301
Value of net income/loss2019-12-31$2,065,301
Value of net assets at end of year (total assets less liabilities)2019-12-31$9,756,770
Value of net assets at end of year (total assets less liabilities)2019-12-31$9,756,770
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$7,691,469
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$7,691,469
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 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$21,700
Investment advisory and management fees2019-12-31$21,700
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$9,535,338
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$9,535,338
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$7,514,983
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$7,514,983
Interest on participant loans2019-12-31$8,632
Interest on participant loans2019-12-31$8,632
Value of interest in common/collective trusts at end of year2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$0
Value of interest in common/collective trusts at beginning of year2019-12-31$0
Value of interest in common/collective trusts at beginning of year2019-12-31$0
Net investment gain/loss from pooled separate accounts2019-12-31$1,704,396
Net investment gain/loss from pooled separate accounts2019-12-31$1,704,396
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$229,319
Contributions received in cash from employer2019-12-31$229,319
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$2,169
Employer contributions (assets) at beginning of year2019-12-31$2,169
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$537,397
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$537,397
Contract administrator fees2019-12-31$29,760
Contract administrator fees2019-12-31$29,760
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 name2019-12-31BORMEL, GRICE & HUYETT, P.A.
Accountancy firm name2019-12-31BORMEL, GRICE & HUYETT, P.A.
Accountancy firm EIN2019-12-31521544136
Accountancy firm EIN2019-12-31521544136
2018 : BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$368,652
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$946,267
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$876,343
Expenses. Certain deemed distributions of participant loans2018-12-31$15,197
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$827,029
Value of total assets at end of year2018-12-31$7,691,469
Value of total assets at beginning of year2018-12-31$8,269,084
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$54,727
Total interest from all sources2018-12-31$7,256
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
Administrative expenses professional fees incurred2018-12-31$2,950
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$600,079
Participant contributions at end of year2018-12-31$146,720
Participant contributions at beginning of year2018-12-31$169,157
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$5,876
Total non interest bearing cash at end of year2018-12-31$27,597
Total non interest bearing cash at beginning of year2018-12-31$560
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-577,615
Value of net assets at end of year (total assets less liabilities)2018-12-31$7,691,469
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$8,269,084
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$20,303
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$7,514,983
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$8,058,022
Interest on participant loans2018-12-31$7,256
Value of interest in common/collective trusts at end of year2018-12-31$0
Value of interest in common/collective trusts at beginning of year2018-12-31$41,345
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-466,211
Net investment gain or loss from common/collective trusts2018-12-31$578
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$221,074
Employer contributions (assets) at end of year2018-12-31$2,169
Employer contributions (assets) at beginning of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$876,343
Contract administrator fees2018-12-31$31,474
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
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 name2018-12-31BORMEL, GRICE & HUYETT, P.A.
Accountancy firm EIN2018-12-31521544136
2017 : BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$1,989,612
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$637,942
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$559,342
Expenses. Certain deemed distributions of participant loans2017-12-31$3,288
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$690,428
Value of total assets at end of year2017-12-31$8,269,084
Value of total assets at beginning of year2017-12-31$6,917,414
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$75,312
Total interest from all sources2017-12-31$7,981
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$10,010
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$10,010
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
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$505,803
Participant contributions at end of year2017-12-31$169,157
Participant contributions at beginning of year2017-12-31$208,376
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$0
Total non interest bearing cash at end of year2017-12-31$560
Total non interest bearing cash at beginning 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$1,351,670
Value of net assets at end of year (total assets less liabilities)2017-12-31$8,269,084
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$6,917,414
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$4,083
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$8,058,022
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$4,643,531
Interest on participant loans2017-12-31$7,981
Value of interest in common/collective trusts at end of year2017-12-31$41,345
Value of interest in common/collective trusts at beginning of year2017-12-31$2,065,507
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,008,385
Net investment gain or loss from common/collective trusts2017-12-31$272,808
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$184,625
Employer contributions (assets) at end of year2017-12-31$0
Employer contributions (assets) at beginning of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$559,342
Contract administrator fees2017-12-31$71,229
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
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 name2017-12-31BORMEL, GRICE & HUYETT, P.A.
Accountancy firm EIN2017-12-31521544136
2016 : BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$1,148,946
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$393,918
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$315,885
Expenses. Certain deemed distributions of participant loans2016-12-31$19,174
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$645,807
Value of total assets at end of year2016-12-31$6,917,414
Value of total assets at beginning of year2016-12-31$6,162,386
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$58,859
Total interest from all sources2016-12-31$8,844
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$36,855
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$36,855
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$477,138
Participant contributions at end of year2016-12-31$208,376
Participant contributions at beginning of year2016-12-31$225,299
Participant contributions at beginning of year2016-12-31$11,847
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$3,245
Administrative expenses (other) incurred2016-12-31$58,859
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$755,028
Value of net assets at end of year (total assets less liabilities)2016-12-31$6,917,414
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$6,162,386
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 registered invesment companies (eg mutual funds) at end of year2016-12-31$4,643,531
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$3,893,309
Interest on participant loans2016-12-31$8,844
Value of interest in common/collective trusts at end of year2016-12-31$2,065,507
Value of interest in common/collective trusts at beginning of year2016-12-31$2,027,999
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$278,451
Net investment gain or loss from common/collective trusts2016-12-31$178,989
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 contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$165,424
Employer contributions (assets) at beginning of year2016-12-31$3,932
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$315,885
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 name2016-12-31BORMEL, GRICE & HUYETT, P.A
Accountancy firm EIN2016-12-31521544136
2015 : BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$651,532
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$267,724
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$199,723
Expenses. Certain deemed distributions of participant loans2015-12-31$9,594
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$608,073
Value of total assets at end of year2015-12-31$6,162,386
Value of total assets at beginning of year2015-12-31$5,778,578
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$58,407
Total interest from all sources2015-12-31$10,656
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$33,418
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$33,418
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$462,933
Participant contributions at end of year2015-12-31$225,299
Participant contributions at beginning of year2015-12-31$231,982
Participant contributions at end of year2015-12-31$11,847
Participant contributions at beginning of year2015-12-31$2,239
Administrative expenses (other) incurred2015-12-31$58,407
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$383,808
Value of net assets at end of year (total assets less liabilities)2015-12-31$6,162,386
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$5,778,578
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$3,893,309
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$3,690,477
Interest on participant loans2015-12-31$10,656
Value of interest in common/collective trusts at end of year2015-12-31$2,027,999
Value of interest in common/collective trusts at beginning of year2015-12-31$1,853,576
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$5,966
Net investment gain or loss from common/collective trusts2015-12-31$-6,581
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$145,140
Employer contributions (assets) at end of year2015-12-31$3,932
Employer contributions (assets) at beginning of year2015-12-31$304
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$199,723
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BORMEL, GRICE & HUYETT, P.A.
Accountancy firm EIN2015-12-31521544136

Form 5500 Responses for BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST

2020: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
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: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
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: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
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: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 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 - TrustYes
2016: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 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 – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BECO MANAGEMENT INC 401(K) PROFIT SHARING PLAN AND TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number131125
Policy instance 1
Insurance contract or identification number131125
Number of Individuals Covered98
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $9,313
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
Amount paid for insurance broker fees9313
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 number131125
Policy instance 1
Insurance contract or identification number131125
Number of Individuals Covered106
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $8,257
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
Amount paid for insurance broker fees8257
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 number131125
Policy instance 1
Insurance contract or identification number131125
Number of Individuals Covered107
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $14,683
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
Amount paid for insurance broker fees14683
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 number131125
Policy instance 1
Insurance contract or identification number131125
Number of Individuals Covered107
Insurance policy start date2017-11-14
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $16,239
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
Amount paid for insurance broker fees16239
Additional information about fees paid to insurance brokerTPA FEES AND COMPENSATION
Insurance broker organization code?5
Insurance broker nameAMERICAN RETIREMENT PLAN SERVICES

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