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BANDERA UTILITY 401(K) PLAN 401k Plan overview

Plan NameBANDERA UTILITY 401(K) PLAN
Plan identification number 001

BANDERA UTILITY 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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

BANDERA UTILITY CONTRACTORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:BANDERA UTILITY CONTRACTORS, INC.
Employer identification number (EIN):752437760
NAIC Classification:812990
NAIC Description:All Other Personal Services

Additional information about BANDERA UTILITY CONTRACTORS, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1992-07-13
Company Identification Number: 0123741400
Legal Registered Office Address: 5750 GENESIS CT STE 100

FRISCO
United States of America (USA)
75034

More information about BANDERA UTILITY CONTRACTORS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANDERA UTILITY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01BRENDA MANSUR2023-05-30
0012021-01-01JASON LEWIS2022-07-05
0012020-01-01JASON LEWIS2021-06-30
0012019-01-01JASON LEWIS2020-10-05
0012018-01-01JASON LEWIS2019-09-18
0012017-01-01JASON LEWIS2018-08-16
0012016-01-01JASON LEWIS2017-07-31
0012015-01-01JASON LEWIS2016-08-29
0012014-01-01JASON LEWIS2015-09-10
0012013-01-01JASON LEWIS2014-09-30
0012012-01-01KEN TURNER
0012011-01-01KEN TURNER
0012010-01-01KATHRYN RAUSCH
0012009-01-01KATHRYN RAUSCH

Plan Statistics for BANDERA UTILITY 401(K) PLAN

401k plan membership statisitcs for BANDERA UTILITY 401(K) PLAN

Measure Date Value
2012: BANDERA UTILITY 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01109
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: BANDERA UTILITY 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01208
Total number of active participants reported on line 7a of the Form 55002011-01-0187
Number of retired or separated participants receiving benefits2011-01-015
Number of other retired or separated participants entitled to future benefits2011-01-0116
Total of all active and inactive participants2011-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01108
Number of participants with account balances2011-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-014
2010: BANDERA UTILITY 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01142
Total number of active participants reported on line 7a of the Form 55002010-01-01189
Number of retired or separated participants receiving benefits2010-01-012
Number of other retired or separated participants entitled to future benefits2010-01-0110
Total of all active and inactive participants2010-01-01201
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01201
Number of participants with account balances2010-01-0175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-013
2009: BANDERA UTILITY 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01180
Total number of active participants reported on line 7a of the Form 55002009-01-01126
Number of retired or separated participants receiving benefits2009-01-012
Number of other retired or separated participants entitled to future benefits2009-01-0114
Total of all active and inactive participants2009-01-01142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01142
Number of participants with account balances2009-01-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on BANDERA UTILITY 401(K) PLAN

Measure Date Value
2012 : BANDERA UTILITY 401(K) PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$51,151
Total of all expenses incurred2012-12-31$452,924
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$452,711
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$13,800
Value of total assets at end of year2012-12-31$0
Value of total assets at beginning of year2012-12-31$401,773
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$213
Total interest from all sources2012-12-31$522
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-31$0
Was this plan covered by a fidelity bond2012-12-31No
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$13,800
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$42,610
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-401,773
Value of net assets at end of year (total assets less liabilities)2012-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$401,773
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$213
Value of interest in pooled separate accounts at end of year2012-12-31$0
Value of interest in pooled separate accounts at beginning of year2012-12-31$359,149
Interest on participant loans2012-12-31$522
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$14
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$36,829
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$452,711
Did the plan have assets held for investment2012-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31BOLINGER, SEGARS, GILBERT & MOSS, L
Accountancy firm EIN2012-12-31750882037
2011 : BANDERA UTILITY 401(K) PLAN 2011 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$28,771
Total of all expenses incurred2011-12-31$396,941
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$396,316
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$39,679
Value of total assets at end of year2011-12-31$401,773
Value of total assets at beginning of year2011-12-31$769,943
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$625
Total interest from all sources2011-12-31$1,467
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$450
Was this plan covered by a fidelity bond2011-12-31No
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$39,679
Participant contributions at end of year2011-12-31$42,610
Participant contributions at beginning of year2011-12-31$49,108
Participant contributions at beginning of year2011-12-31$4,130
Other income not declared elsewhere2011-12-31$904
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-368,170
Value of net assets at end of year (total assets less liabilities)2011-12-31$401,773
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$769,943
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$175
Value of interest in pooled separate accounts at end of year2011-12-31$359,149
Value of interest in pooled separate accounts at beginning of year2011-12-31$716,691
Interest on participant loans2011-12-31$1,467
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$14
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$14
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-13,279
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$396,316
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31BOLINGER, SEGARS, GILBERT & MOSS, L
Accountancy firm EIN2011-12-31750882037
2010 : BANDERA UTILITY 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$541
Total income from all sources (including contributions)2010-12-31$249,687
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$746,336
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$730,609
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$98,966
Value of total assets at end of year2010-12-31$769,943
Value of total assets at beginning of year2010-12-31$1,267,133
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$15,727
Total interest from all sources2010-12-31$3,982
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
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$1,611
Was this plan covered by a fidelity bond2010-12-31No
If this is an individual account plan, was there a blackout period2010-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$98,966
Participant contributions at end of year2010-12-31$49,108
Participant contributions at beginning of year2010-12-31$83,995
Participant contributions at end of year2010-12-31$4,130
Participant contributions at beginning of year2010-12-31$20,212
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$6,478
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$541
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-496,649
Value of net assets at end of year (total assets less liabilities)2010-12-31$769,943
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,266,592
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$7,123
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,153,726
Value of interest in pooled separate accounts at end of year2010-12-31$716,691
Interest on participant loans2010-12-31$3,982
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$2,722
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$2,722
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$14
Net investment gain/loss from pooled separate accounts2010-12-31$146,739
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$730,609
Contract administrator fees2010-12-31$6,993
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MONTGOMERY COSCIA GREILICH LLP
Accountancy firm EIN2010-12-31752919818
2009 : BANDERA UTILITY 401(K) 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

Form 5500 Responses for BANDERA UTILITY 401(K) PLAN

2012: BANDERA UTILITY 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BANDERA UTILITY 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: BANDERA UTILITY 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BANDERA UTILITY 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number943380-01
Policy instance 1
Insurance contract or identification number943380-01
Number of Individuals Covered0
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number943380-01
Policy instance 1
Insurance contract or identification number943380-01
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $2,114
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number943380-01
Policy instance 1
Insurance contract or identification number943380-01
Number of Individuals Covered75
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $14,596
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes

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