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Plan Name | BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN |
Plan identification number | 006 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | BRIGGS & STRATTON, LLC |
Employer identification number (EIN): | 852711260 |
NAIC Classification: | 333610 |
Additional information about BRIGGS & STRATTON, LLC
Jurisdiction of Incorporation: | Texas Secretary of State |
Incorporation Date: | 2020-11-13 |
Company Identification Number: | 0803832378 |
Legal Registered Office Address: |
211 E 7TH ST STE 620 AUSTIN United States of America (USA) 78701 |
More information about BRIGGS & STRATTON, LLC
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
006 | 2021-07-01 | ||||
006 | 2020-07-01 |
Measure | Date | Value |
---|---|---|
2022: BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2022 401k membership | ||
Market value of plan assets | 2022-06-30 | 14,410,177 |
Acturial value of plan assets | 2022-06-30 | 14,410,177 |
Funding target for retired participants and beneficiaries receiving payment | 2022-06-30 | 244,482 |
Number of terminated vested participants | 2022-06-30 | 366 |
Fundng target for terminated vested participants | 2022-06-30 | 4,191,343 |
Active participant vested funding target | 2022-06-30 | 7,472,511 |
Number of active participants | 2022-06-30 | 616 |
Total funding liabilities for active participants | 2022-06-30 | 7,472,511 |
Total participant count | 2022-06-30 | 1,003 |
Total funding target for all participants | 2022-06-30 | 11,908,336 |
Balance at beginning of prior year after applicable adjustments | 2022-06-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-06-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-06-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-06-30 | 0 |
Amount remaining of carryover balance | 2022-06-30 | 0 |
Amount remaining of prefunding balance | 2022-06-30 | 0 |
Present value of excess contributions | 2022-06-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-06-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-06-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-06-30 | 0 |
Balance of carryovers at beginning of current year | 2022-06-30 | 0 |
Balance of prefunding at beginning of current year | 2022-06-30 | 0 |
Total employer contributions | 2022-06-30 | 0 |
Total employee contributions | 2022-06-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-06-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-06-30 | 0 |
Unpaid minimum required contributions for all prior years | 2022-06-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2022-06-30 | 270,000 |
Net shortfall amortization installment of oustanding balance | 2022-06-30 | 0 |
Waiver amortization installment | 2022-06-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-06-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-06-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-06-30 | 0 |
Additional cash requirement | 2022-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-06-30 | 0 |
Unpaid minimum required contributions for current year | 2022-06-30 | 0 |
Unpaid minimum required contributions for all years | 2022-06-30 | 0 |
2021: BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2021 401k membership | ||
Total participants, beginning-of-year | 2021-07-01 | 1,003 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-07-01 | 554 |
Number of retired or separated participants receiving benefits | 2021-07-01 | 27 |
Number of other retired or separated participants entitled to future benefits | 2021-07-01 | 256 |
Total of all active and inactive participants | 2021-07-01 | 837 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-07-01 | 29 |
Total participants | 2021-07-01 | 866 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-07-01 | 0 |
Market value of plan assets | 2021-06-30 | 16,936,482 |
Acturial value of plan assets | 2021-06-30 | 16,936,482 |
Funding target for retired participants and beneficiaries receiving payment | 2021-06-30 | 165,684 |
Number of terminated vested participants | 2021-06-30 | 412 |
Fundng target for terminated vested participants | 2021-06-30 | 4,867,438 |
Active participant vested funding target | 2021-06-30 | 8,593,173 |
Number of active participants | 2021-06-30 | 702 |
Total funding liabilities for active participants | 2021-06-30 | 8,593,173 |
Total participant count | 2021-06-30 | 1,127 |
Total funding target for all participants | 2021-06-30 | 13,626,295 |
Balance at beginning of prior year after applicable adjustments | 2021-06-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-06-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-06-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-06-30 | 0 |
Amount remaining of carryover balance | 2021-06-30 | 0 |
Amount remaining of prefunding balance | 2021-06-30 | 0 |
Present value of excess contributions | 2021-06-30 | 1,499,038 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-06-30 | 1,579,686 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-06-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-06-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-06-30 | 0 |
Balance of carryovers at beginning of current year | 2021-06-30 | 0 |
Balance of prefunding at beginning of current year | 2021-06-30 | 0 |
Total employer contributions | 2021-06-30 | 0 |
Total employee contributions | 2021-06-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-06-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-06-30 | 0 |
Unpaid minimum required contributions for all prior years | 2021-06-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2021-06-30 | 330,000 |
Net shortfall amortization installment of oustanding balance | 2021-06-30 | 0 |
Waiver amortization installment | 2021-06-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-06-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2021-06-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-06-30 | 0 |
Additional cash requirement | 2021-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-06-30 | 0 |
Unpaid minimum required contributions for current year | 2021-06-30 | 0 |
Unpaid minimum required contributions for all years | 2021-06-30 | 0 |
2020: BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2020 401k membership | ||
Total participants, beginning-of-year | 2020-07-01 | 1,127 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-07-01 | 616 |
Number of retired or separated participants receiving benefits | 2020-07-01 | 20 |
Number of other retired or separated participants entitled to future benefits | 2020-07-01 | 343 |
Total of all active and inactive participants | 2020-07-01 | 979 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-07-01 | 24 |
Total participants | 2020-07-01 | 1,003 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-07-01 | 0 |
Measure | Date | Value |
---|---|---|
2022 : BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2022 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2022-06-30 | $-1,104,065 |
Total unrealized appreciation/depreciation of assets | 2022-06-30 | $-1,104,065 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
Total income from all sources (including contributions) | 2022-06-30 | $-1,052,207 |
Total loss/gain on sale of assets | 2022-06-30 | $51,198 |
Total of all expenses incurred | 2022-06-30 | $2,315,130 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-06-30 | $1,843,223 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-06-30 | $0 |
Value of total assets at end of year | 2022-06-30 | $11,042,839 |
Value of total assets at beginning of year | 2022-06-30 | $14,410,176 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-06-30 | $471,907 |
Total interest from all sources | 2022-06-30 | $660 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-06-30 | No |
Administrative expenses professional fees incurred | 2022-06-30 | $146,272 |
Was this plan covered by a fidelity bond | 2022-06-30 | Yes |
Value of fidelity bond cover | 2022-06-30 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2022-06-30 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-06-30 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-06-30 | $79,579 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-06-30 | $3 |
Administrative expenses (other) incurred | 2022-06-30 | $86,918 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
Value of net income/loss | 2022-06-30 | $-3,367,337 |
Value of net assets at end of year (total assets less liabilities) | 2022-06-30 | $11,042,839 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-06-30 | $14,410,176 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-06-30 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-06-30 | No |
Investment advisory and management fees | 2022-06-30 | $15,140 |
Value of interest in common/collective trusts at end of year | 2022-06-30 | $10,963,260 |
Value of interest in common/collective trusts at beginning of year | 2022-06-30 | $14,410,173 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-06-30 | $660 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2022-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-06-30 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-06-30 | $1,843,223 |
Contract administrator fees | 2022-06-30 | $223,577 |
Did the plan have assets held for investment | 2022-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-06-30 | No |
Aggregate proceeds on sale of assets | 2022-06-30 | $2,287,171 |
Aggregate carrying amount (costs) on sale of assets | 2022-06-30 | $2,235,973 |
Opinion of an independent qualified public accountant for this plan | 2022-06-30 | Unqualified |
Accountancy firm name | 2022-06-30 | WIPFLI LLP |
Accountancy firm EIN | 2022-06-30 | 390758449 |
2021 : BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2021 401k financial data | ||
Unrealized appreciation/depreciation of real estate assets | 2021-06-30 | $10,616 |
Total unrealized appreciation/depreciation of assets | 2021-06-30 | $10,616 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $6,000 |
Total income from all sources (including contributions) | 2021-06-30 | $222,598 |
Total loss/gain on sale of assets | 2021-06-30 | $211,498 |
Total of all expenses incurred | 2021-06-30 | $2,769,217 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-06-30 | $2,381,394 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-06-30 | $0 |
Value of total assets at end of year | 2021-06-30 | $14,410,176 |
Value of total assets at beginning of year | 2021-06-30 | $16,962,795 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-06-30 | $387,823 |
Total interest from all sources | 2021-06-30 | $484 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-06-30 | No |
Administrative expenses professional fees incurred | 2021-06-30 | $286,419 |
Was this plan covered by a fidelity bond | 2021-06-30 | Yes |
Value of fidelity bond cover | 2021-06-30 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2021-06-30 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-06-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-06-30 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-06-30 | $3 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-06-30 | $35 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-06-30 | $6,000 |
Administrative expenses (other) incurred | 2021-06-30 | $93,541 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-06-30 | No |
Value of net income/loss | 2021-06-30 | $-2,546,619 |
Value of net assets at end of year (total assets less liabilities) | 2021-06-30 | $14,410,176 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-06-30 | $16,956,795 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-06-30 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-06-30 | No |
Investment advisory and management fees | 2021-06-30 | $7,863 |
Value of interest in common/collective trusts at end of year | 2021-06-30 | $14,410,173 |
Value of interest in common/collective trusts at beginning of year | 2021-06-30 | $15,362,760 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-06-30 | $484 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2021-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-06-30 | No |
Employer contributions (assets) at end of year | 2021-06-30 | $0 |
Employer contributions (assets) at beginning of year | 2021-06-30 | $1,600,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-06-30 | $2,381,394 |
Did the plan have assets held for investment | 2021-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-06-30 | No |
Aggregate proceeds on sale of assets | 2021-06-30 | $4,222,454 |
Aggregate carrying amount (costs) on sale of assets | 2021-06-30 | $4,010,956 |
Opinion of an independent qualified public accountant for this plan | 2021-06-30 | Unqualified |
Accountancy firm name | 2021-06-30 | WIPFLI LLP |
Accountancy firm EIN | 2021-06-30 | 390758449 |
2021: BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2021 form 5500 responses | ||
---|---|---|
2021-07-01 | Type of plan entity | Single employer plan |
2021-07-01 | Submission has been amended | No |
2021-07-01 | This submission is the final filing | No |
2021-07-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2021-07-01 | Plan is a collectively bargained plan | No |
2021-07-01 | Plan funding arrangement – Trust | Yes |
2021-07-01 | Plan benefit arrangement - Trust | Yes |
2020: BRIGGS & STRATTON, LLC CASH BALANCE RETIREMENT PLAN 2020 form 5500 responses | ||
2020-07-01 | Type of plan entity | Single employer plan |
2020-07-01 | Submission has been amended | No |
2020-07-01 | This submission is the final filing | No |
2020-07-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2020-07-01 | Plan is a collectively bargained plan | No |
2020-07-01 | Plan funding arrangement – Trust | Yes |
2020-07-01 | Plan benefit arrangement - Trust | Yes |