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BETHLEHEM CONSTRUCTION, INC.401(K) PLAN 401k Plan overview

Plan NameBETHLEHEM CONSTRUCTION, INC.401(K) PLAN
Plan identification number 001

BETHLEHEM CONSTRUCTION, INC.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.
  • 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.
  • 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

BETHLEHEM CONSTRUCTION, INC. has sponsored the creation of one or more 401k plans.

Company Name:BETHLEHEM CONSTRUCTION, INC.
Employer identification number (EIN):911116560
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BETHLEHEM CONSTRUCTION, INC.401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-07-01

Plan Statistics for BETHLEHEM CONSTRUCTION, INC.401(K) PLAN

401k plan membership statisitcs for BETHLEHEM CONSTRUCTION, INC.401(K) PLAN

Measure Date Value
2022: BETHLEHEM CONSTRUCTION, INC.401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01137
Total number of active participants reported on line 7a of the Form 55002022-01-01119
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0121
Total of all active and inactive participants2022-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01140
Number of participants with account balances2022-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0111
2021: BETHLEHEM CONSTRUCTION, INC.401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-07-01111
Total number of active participants reported on line 7a of the Form 55002021-07-01118
Number of retired or separated participants receiving benefits2021-07-010
Number of other retired or separated participants entitled to future benefits2021-07-0114
Total of all active and inactive participants2021-07-01132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-07-010
Total participants2021-07-01132
Number of participants with account balances2021-07-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-07-013

Financial Data on BETHLEHEM CONSTRUCTION, INC.401(K) PLAN

Measure Date Value
2022 : BETHLEHEM CONSTRUCTION, INC.401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$315,282
Total of all expenses incurred2022-12-31$98,043
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$85,303
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$363,876
Value of total assets at end of year2022-12-31$448,270
Value of total assets at beginning of year2022-12-31$231,031
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$12,740
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$12,740
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$245,826
Participant contributions at end of year2022-12-31$75
Participant contributions at beginning of year2022-12-31$12,612
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$217,239
Value of net assets at end of year (total assets less liabilities)2022-12-31$448,270
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$231,031
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$402,577
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$191,603
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$45,618
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$21,905
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-48,594
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$118,050
Employer contributions (assets) at beginning of year2022-12-31$4,911
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$85,303
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31SWEENEY CONRAD, P.S.
Accountancy firm EIN2022-12-31911301672
2021 : BETHLEHEM CONSTRUCTION, INC.401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$232,896
Total of all expenses incurred2021-12-31$1,865
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$943
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$227,579
Value of total assets at end of year2021-12-31$231,031
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$922
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$922
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$151,516
Participant contributions at end of year2021-12-31$12,612
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$231,031
Value of net assets at end of year (total assets less liabilities)2021-12-31$231,031
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$191,603
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$21,905
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$5,317
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$76,063
Employer contributions (assets) at end of year2021-12-31$4,911
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$943
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No

Form 5500 Responses for BETHLEHEM CONSTRUCTION, INC.401(K) PLAN

2022: BETHLEHEM CONSTRUCTION, INC.401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BETHLEHEM CONSTRUCTION, INC.401(K) PLAN 2021 form 5500 responses
2021-07-01Type of plan entitySingle employer plan
2021-07-01First time form 5500 has been submittedYes
2021-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-07-01Plan funding arrangement – InsuranceYes
2021-07-01Plan funding arrangement – TrustYes
2021-07-01Plan benefit arrangement – InsuranceYes
2021-07-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number814997
Policy instance 1
Insurance contract or identification number814997
Contracts With Unallocated Funds Deposit Administration1
STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number814997
Policy instance 1
Insurance contract or identification number814997
Number of Individuals Covered114
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0

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