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BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameBUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN
Plan identification number 001

BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

BUZZ OATES CONSTRUCTION has sponsored the creation of one or more 401k plans.

Company Name:BUZZ OATES CONSTRUCTION
Employer identification number (EIN):680465986
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01MICHAEL STODDEN
0012011-01-01MICHAEL STODDEN
0012009-01-01MICHAEL STODDEN

Plan Statistics for BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN

Measure Date Value
2012: BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0196
Total number of active participants reported on line 7a of the Form 55002012-01-0165
Number of other retired or separated participants entitled to future benefits2012-01-0117
Total of all active and inactive participants2012-01-0182
Total participants2012-01-0182
Number of participants with account balances2012-01-0163
2011: BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0180
Total number of active participants reported on line 7a of the Form 55002011-01-0146
Number of other retired or separated participants entitled to future benefits2011-01-0123
Total of all active and inactive participants2011-01-0169
Total participants2011-01-0169
Number of participants with account balances2011-01-0157
2009: BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01129
Total number of active participants reported on line 7a of the Form 55002009-01-0192
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0124
Total of all active and inactive participants2009-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01116
Number of participants with account balances2009-01-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN

Measure Date Value
2012 : BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$129,875
Total unrealized appreciation/depreciation of assets2012-12-31$129,875
Total transfer of assets to this plan2012-12-31$1,434,882
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$6,770
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$6,565
Total income from all sources (including contributions)2012-12-31$890,384
Total loss/gain on sale of assets2012-12-31$72,754
Total of all expenses incurred2012-12-31$784,337
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$711,051
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$519,501
Value of total assets at end of year2012-12-31$4,361,780
Value of total assets at beginning of year2012-12-31$2,820,646
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$73,286
Total interest from all sources2012-12-31$89
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$96,440
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$14,500
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$300,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$332,600
Participant contributions at end of year2012-12-31$2,697
Participant contributions at beginning of year2012-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$5,461
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$42
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$42
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$6,565
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$6,565
Administrative expenses (other) incurred2012-12-31$6,500
Liabilities. Value of operating payables at end of year2012-12-31$205
Total non interest bearing cash at end of year2012-12-31$-204
Total non interest bearing cash at beginning of year2012-12-31$2,546
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$106,047
Value of net assets at end of year (total assets less liabilities)2012-12-31$4,355,010
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,814,081
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$35,698
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$1,670,589
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$127,313
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$14,486
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$18,232
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$18,232
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$89
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$71,725
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$181,440
Employer contributions (assets) at end of year2012-12-31$96,634
Employer contributions (assets) at beginning of year2012-12-31$60,158
Income. Dividends from common stock2012-12-31$96,440
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$711,051
Contract administrator fees2012-12-31$16,588
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$2,577,536
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$2,612,355
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$4,103,838
Aggregate carrying amount (costs) on sale of assets2012-12-31$4,031,084
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31GALLINA, LLP
Accountancy firm EIN2012-12-31942147510
2011 : BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$29,453
Total unrealized appreciation/depreciation of assets2011-12-31$29,453
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$6,565
Total income from all sources (including contributions)2011-12-31$388,098
Total loss/gain on sale of assets2011-12-31$-89,610
Total of all expenses incurred2011-12-31$257,731
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$218,681
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$368,125
Value of total assets at end of year2011-12-31$2,820,646
Value of total assets at beginning of year2011-12-31$2,683,714
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$39,050
Total interest from all sources2011-12-31$151
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$77,285
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$7,500
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$300,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$245,934
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$42
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$42
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$6,565
Administrative expenses (other) incurred2011-12-31$1,255
Total non interest bearing cash at end of year2011-12-31$2,546
Total non interest bearing cash at beginning of year2011-12-31$1,916
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$130,367
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,814,081
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$2,683,714
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$16,242
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$127,313
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$116,177
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$18,232
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$22,426
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$22,426
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$151
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$2,694
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$122,191
Employer contributions (assets) at end of year2011-12-31$60,158
Employer contributions (assets) at beginning of year2011-12-31$115,875
Income. Dividends from common stock2011-12-31$77,285
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$218,681
Contract administrator fees2011-12-31$14,053
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$2,612,355
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$2,427,278
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$1,503,075
Aggregate carrying amount (costs) on sale of assets2011-12-31$1,592,685
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31GALLINA, LLP
Accountancy firm EIN2011-12-31942147510
2010 : BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$157,804
Total unrealized appreciation/depreciation of assets2010-12-31$157,804
Total transfer of assets from this plan2010-12-31$17,497
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$346
Total income from all sources (including contributions)2010-12-31$650,836
Total loss/gain on sale of assets2010-12-31$73,899
Total of all expenses incurred2010-12-31$318,358
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$278,021
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$342,967
Value of total assets at end of year2010-12-31$2,683,714
Value of total assets at beginning of year2010-12-31$2,369,079
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$40,337
Total interest from all sources2010-12-31$117
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$75,641
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$7,500
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$300,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$227,092
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$18
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$42
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$42
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$208
Administrative expenses (other) incurred2010-12-31$4,100
Total non interest bearing cash at end of year2010-12-31$1,916
Total non interest bearing cash at beginning of year2010-12-31$10,932
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$332,478
Value of net assets at end of year (total assets less liabilities)2010-12-31$2,683,714
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$2,368,733
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$28,737
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$116,177
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$22,426
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$191,196
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$191,196
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$117
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$408
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$115,875
Employer contributions (assets) at end of year2010-12-31$115,875
Employer contributions (assets) at beginning of year2010-12-31$120,010
Income. Dividends from common stock2010-12-31$75,641
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$278,021
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$2,427,278
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$2,046,881
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$138
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$2,184,294
Aggregate carrying amount (costs) on sale of assets2010-12-31$2,110,395
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31GALLINA, LLP
Accountancy firm EIN2010-12-31942147510
2009 : BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN

2012: BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: BUZZ OATES CONSTRUCTION 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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