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BORGESON & BURNS, P.C. 401k Plan overview

Plan NameBORGESON & BURNS, P.C.
Plan identification number 002

BORGESON & BURNS, P.C. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Money purchase (other than target benefit)
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

BORGESON & BURNS, P.C. has sponsored the creation of one or more 401k plans.

Company Name:BORGESON & BURNS, P.C.
Employer identification number (EIN):920166921
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BORGESON & BURNS, P.C.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01MONICA GRASSI2023-07-17
0022021-01-01MONICA GRASSI2022-07-22 MONICA GRASSI2022-07-22
0022020-01-01MONICA GRASSI2021-07-26 MONICA GRASSI2021-07-26
0022019-01-01MONICA GRASSI2020-07-13
0022018-01-01MONICA GRASSI2019-07-22
0022017-01-01MONICA GRASSI2018-06-27
0022016-01-01MONICA GRASSI2017-07-28
0022015-01-01MONICA GRASSI
0022015-01-01MONICA GRASSI
0022014-01-01MONICA GRASSI
0022013-01-01MONICA GRASSI
0022012-01-01MONICA GRASSI
0022011-01-01STEFFANEE HOLT
0022009-01-01MONICA GRASSI MONICA GRASSI2011-04-01
0022009-01-01MONICA GRASSI CORY BORGESON2011-04-01
0022009-01-01MONICA GRASSI
0022009-01-01MONICA GRASSI
0022009-01-01MONICA GRASSI CORY R. BORGESON2011-04-01
0022009-01-01 MONICA GRASSI2011-04-01
0022009-01-01MONICA GRASSI CORY R. BORGESON2011-04-01
0022009-01-01MONICA GRASSI CORY BORGESON2011-04-01
0022009-01-01MONICA GRASSI CORY BORGESON2010-07-09
0022009-01-01MONICA GRASSI
0022009-01-01MONICA GRASSI

Plan Statistics for BORGESON & BURNS, P.C.

401k plan membership statisitcs for BORGESON & BURNS, P.C.

Measure Date Value
2015: BORGESON & BURNS, P.C. 2015 401k membership
Total participants, beginning-of-year2015-01-019
Total number of active participants reported on line 7a of the Form 55002015-01-016
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-013
Total of all active and inactive participants2015-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-019
Number of participants with account balances2015-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: BORGESON & BURNS, P.C. 2014 401k membership
Total participants, beginning-of-year2014-01-0111
Total number of active participants reported on line 7a of the Form 55002014-01-018
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-013
Total of all active and inactive participants2014-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0111
Number of participants with account balances2014-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: BORGESON & BURNS, P.C. 2013 401k membership
Total participants, beginning-of-year2013-01-0114
Total number of active participants reported on line 7a of the Form 55002013-01-018
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-013
Total of all active and inactive participants2013-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0111
Number of participants with account balances2013-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: BORGESON & BURNS, P.C. 2012 401k membership
Total participants, beginning-of-year2012-01-0111
Total number of active participants reported on line 7a of the Form 55002012-01-0110
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-013
Total of all active and inactive participants2012-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0113
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: BORGESON & BURNS, P.C. 2011 401k membership
Total participants, beginning-of-year2011-01-0116
Total number of active participants reported on line 7a of the Form 55002011-01-0112
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-012
Total of all active and inactive participants2011-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0114
Number of participants with account balances2011-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: BORGESON & BURNS, P.C. 2009 401k membership
Total participants, beginning-of-year2009-01-0115
Total number of active participants reported on line 7a of the Form 55002009-01-0113
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-012
Total of all active and inactive participants2009-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0115
Number of participants with account balances2009-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on BORGESON & BURNS, P.C.

Measure Date Value
2015 : BORGESON & BURNS, P.C. 2015 401k financial data
Total income from all sources2015-12-31$18
Expenses. Total of all expenses incurred2015-12-31$24
Total plan assets at end of year2015-12-31$240,888
Total plan assets at beginning of year2015-12-31$240,894
Expenses. Other expenses not covered elsewhere2015-12-31$24
Other income received2015-12-31$18
Net income (gross income less expenses)2015-12-31$-6
Net plan assets at end of year (total assets less liabilities)2015-12-31$240,888
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$240,894
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Funding deficiency by the employer to the plan for this plan year2015-12-31$0
Minimum employer required contribution for this plan year2015-12-31$0
Amount contributed by the employer to the plan for this plan year2015-12-31$0
2014 : BORGESON & BURNS, P.C. 2014 401k financial data
Total income from all sources2014-12-31$9,981
Expenses. Total of all expenses incurred2014-12-31$86,415
Benefits paid (including direct rollovers)2014-12-31$86,415
Total plan assets at end of year2014-12-31$240,894
Total plan assets at beginning of year2014-12-31$317,328
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$9,981
Net income (gross income less expenses)2014-12-31$-76,434
Net plan assets at end of year (total assets less liabilities)2014-12-31$240,894
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$317,328
Assets. Value of participant loans2014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0
2013 : BORGESON & BURNS, P.C. 2013 401k financial data
Total income from all sources2013-12-31$35,098
Expenses. Total of all expenses incurred2013-12-31$26,090
Benefits paid (including direct rollovers)2013-12-31$26,090
Total plan assets at end of year2013-12-31$315,678
Total plan assets at beginning of year2013-12-31$306,670
Total contributions received or receivable from participants2013-12-31$0
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$35,098
Net income (gross income less expenses)2013-12-31$9,008
Net plan assets at end of year (total assets less liabilities)2013-12-31$315,678
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$306,670
Assets. Value of participant loans2013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Funding deficiency by the employer to the plan for this plan year2013-12-31$0
Minimum employer required contribution for this plan year2013-12-31$0
Amount contributed by the employer to the plan for this plan year2013-12-31$0
2012 : BORGESON & BURNS, P.C. 2012 401k financial data
Total income from all sources2012-12-31$43,261
Expenses. Total of all expenses incurred2012-12-31$6,446
Benefits paid (including direct rollovers)2012-12-31$6,446
Total plan assets at end of year2012-12-31$306,670
Total plan assets at beginning of year2012-12-31$269,855
Total contributions received or receivable from participants2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$24,474
Net income (gross income less expenses)2012-12-31$36,815
Net plan assets at end of year (total assets less liabilities)2012-12-31$306,670
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$269,855
Assets. Value of participant loans2012-12-31$0
Total contributions received or receivable from employer(s)2012-12-31$18,787
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
2011 : BORGESON & BURNS, P.C. 2011 401k financial data
Total income from all sources2011-12-31$-4,658
Expenses. Total of all expenses incurred2011-12-31$8,775
Benefits paid (including direct rollovers)2011-12-31$8,775
Total plan assets at end of year2011-12-31$244,186
Total plan assets at beginning of year2011-12-31$257,619
Total contributions received or receivable from participants2011-12-31$0
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-4,658
Net income (gross income less expenses)2011-12-31$-13,433
Net plan assets at end of year (total assets less liabilities)2011-12-31$244,186
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$257,619
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
2010 : BORGESON & BURNS, P.C. 2010 401k financial data
Total income from all sources2010-12-31$44,688
Expenses. Total of all expenses incurred2010-12-31$0
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$257,619
Total plan assets at beginning of year2010-12-31$212,931
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$18,776
Net income (gross income less expenses)2010-12-31$44,688
Net plan assets at end of year (total assets less liabilities)2010-12-31$257,619
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$212,931
Assets. Value of participant loans2010-12-31$0
Total contributions received or receivable from employer(s)2010-12-31$25,912
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
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$25,912
Amount contributed by the employer to the plan for this plan year2010-12-31$25,912
2009 : BORGESON & BURNS, P.C. 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$31,269
Amount contributed by the employer to the plan for this plan year2009-12-31$31,269

Form 5500 Responses for BORGESON & BURNS, P.C.

2015: BORGESON & BURNS, P.C. 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
2014: BORGESON & BURNS, P.C. 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BORGESON & BURNS, P.C. 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BORGESON & BURNS, P.C. 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 filingNo
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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BORGESON & BURNS, P.C. 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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: BORGESON & BURNS, P.C. 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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

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