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BABCOCK LABORATORIES, INC. ESOP 401k Plan overview

Plan NameBABCOCK LABORATORIES, INC. ESOP
Plan identification number 002

BABCOCK LABORATORIES, INC. ESOP Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

BABCOCK LABORATORIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:BABCOCK LABORATORIES, INC.
Employer identification number (EIN):953322811
NAIC Classification:541380
NAIC Description:Testing Laboratories

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BABCOCK LABORATORIES, INC. ESOP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01TIFFANY GOMEZ
0022017-01-01TIFFANY GOMEZ
0022016-01-01TIFFANY GOMEZ
0022015-01-01TIFFANY GOMEZ
0022014-01-01TIFFANY GOMEZ

Plan Statistics for BABCOCK LABORATORIES, INC. ESOP

401k plan membership statisitcs for BABCOCK LABORATORIES, INC. ESOP

Measure Date Value
2022: BABCOCK LABORATORIES, INC. ESOP 2022 401k membership
Total participants, beginning-of-year2022-01-0190
Total number of active participants reported on line 7a of the Form 55002022-01-0163
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0116
Total of all active and inactive participants2022-01-0180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0180
Number of participants with account balances2022-01-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-017
2021: BABCOCK LABORATORIES, INC. ESOP 2021 401k membership
Total participants, beginning-of-year2021-01-0189
Total number of active participants reported on line 7a of the Form 55002021-01-0167
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0116
Total of all active and inactive participants2021-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0183
Number of participants with account balances2021-01-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-018
2020: BABCOCK LABORATORIES, INC. ESOP 2020 401k membership
Total participants, beginning-of-year2020-01-0174
Total number of active participants reported on line 7a of the Form 55002020-01-0164
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-018
Total of all active and inactive participants2020-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0173
Number of participants with account balances2020-01-0173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-015
2019: BABCOCK LABORATORIES, INC. ESOP 2019 401k membership
Total participants, beginning-of-year2019-01-0166
Total number of active participants reported on line 7a of the Form 55002019-01-0161
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-017
Total of all active and inactive participants2019-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0168
Number of participants with account balances2019-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-016
2018: BABCOCK LABORATORIES, INC. ESOP 2018 401k membership
Total participants, beginning-of-year2018-01-0164
Total number of active participants reported on line 7a of the Form 55002018-01-0151
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-015
Total of all active and inactive participants2018-01-0156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0156
Number of participants with account balances2018-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-015
2017: BABCOCK LABORATORIES, INC. ESOP 2017 401k membership
Total participants, beginning-of-year2017-01-0170
Total number of active participants reported on line 7a of the Form 55002017-01-0144
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0113
Total of all active and inactive participants2017-01-0157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0157
Number of participants with account balances2017-01-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0113
2016: BABCOCK LABORATORIES, INC. ESOP 2016 401k membership
Total participants, beginning-of-year2016-01-0164
Total number of active participants reported on line 7a of the Form 55002016-01-0146
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0115
Total of all active and inactive participants2016-01-0161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0161
Number of participants with account balances2016-01-0161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0115
2015: BABCOCK LABORATORIES, INC. ESOP 2015 401k membership
Total participants, beginning-of-year2015-01-0181
Total number of active participants reported on line 7a of the Form 55002015-01-0159
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-015
Total of all active and inactive participants2015-01-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0164
Number of participants with account balances2015-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-015
2014: BABCOCK LABORATORIES, INC. ESOP 2014 401k membership
Total participants, beginning-of-year2014-01-0181
Total number of active participants reported on line 7a of the Form 55002014-01-0178
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-0178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0178
Number of participants with account balances2014-01-0178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on BABCOCK LABORATORIES, INC. ESOP

Measure Date Value
2022 : BABCOCK LABORATORIES, INC. ESOP 2022 401k financial data
Total plan liabilities at end of year2022-12-31$3,973,713
Total plan liabilities at beginning of year2022-12-31$3,973,713
Total income from all sources2022-12-31$-82,487
Expenses. Total of all expenses incurred2022-12-31$122,965
Benefits paid (including direct rollovers)2022-12-31$13,590
Total plan assets at end of year2022-12-31$2,085,215
Total plan assets at beginning of year2022-12-31$2,290,667
Value of fidelity bond covering the plan2022-12-31$500,000
Expenses. Other expenses not covered elsewhere2022-12-31$109,375
Other income received2022-12-31$-209,000
Net income (gross income less expenses)2022-12-31$-205,452
Net plan assets at end of year (total assets less liabilities)2022-12-31$-1,888,498
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$-1,683,046
Assets. Value of employer securities2022-12-31$2,079,550
Total contributions received or receivable from employer(s)2022-12-31$126,513
2021 : BABCOCK LABORATORIES, INC. ESOP 2021 401k financial data
Total plan liabilities at end of year2021-12-31$3,973,713
Total plan liabilities at beginning of year2021-12-31$3,973,713
Total income from all sources2021-12-31$-261,874
Expenses. Total of all expenses incurred2021-12-31$118,364
Benefits paid (including direct rollovers)2021-12-31$9,214
Total plan assets at end of year2021-12-31$2,290,667
Total plan assets at beginning of year2021-12-31$2,670,905
Value of fidelity bond covering the plan2021-12-31$500,000
Expenses. Other expenses not covered elsewhere2021-12-31$109,150
Other income received2021-12-31$-380,238
Net income (gross income less expenses)2021-12-31$-380,238
Net plan assets at end of year (total assets less liabilities)2021-12-31$-1,683,046
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$-1,302,808
Assets. Value of employer securities2021-12-31$2,288,550
Total contributions received or receivable from employer(s)2021-12-31$118,364
2020 : BABCOCK LABORATORIES, INC. ESOP 2020 401k financial data
Total plan liabilities at end of year2020-12-31$3,973,713
Total plan liabilities at beginning of year2020-12-31$3,973,712
Total income from all sources2020-12-31$174,888
Expenses. Total of all expenses incurred2020-12-31$120,509
Benefits paid (including direct rollovers)2020-12-31$11,289
Total plan assets at end of year2020-12-31$2,670,905
Total plan assets at beginning of year2020-12-31$2,616,525
Value of fidelity bond covering the plan2020-12-31$500,000
Expenses. Other expenses not covered elsewhere2020-12-31$109,220
Other income received2020-12-31$54,380
Net income (gross income less expenses)2020-12-31$54,379
Net plan assets at end of year (total assets less liabilities)2020-12-31$-1,302,808
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$-1,357,187
Assets. Value of employer securities2020-12-31$2,668,788
Total contributions received or receivable from employer(s)2020-12-31$120,508
2019 : BABCOCK LABORATORIES, INC. ESOP 2019 401k financial data
Total plan liabilities at end of year2019-12-31$3,973,712
Total plan liabilities at beginning of year2019-12-31$3,973,712
Total income from all sources2019-12-31$1,785,918
Expenses. Total of all expenses incurred2019-12-31$117,643
Benefits paid (including direct rollovers)2019-12-31$8,538
Total plan assets at end of year2019-12-31$2,616,525
Total plan assets at beginning of year2019-12-31$948,250
Value of fidelity bond covering the plan2019-12-31$500,000
Expenses. Other expenses not covered elsewhere2019-12-31$109,105
Other income received2019-12-31$1,668,075
Net income (gross income less expenses)2019-12-31$1,668,275
Net plan assets at end of year (total assets less liabilities)2019-12-31$-1,357,187
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$-3,025,462
Assets. Value of employer securities2019-12-31$2,616,300
Total contributions received or receivable from employer(s)2019-12-31$117,843
2018 : BABCOCK LABORATORIES, INC. ESOP 2018 401k financial data
Total plan liabilities at end of year2018-12-31$3,973,712
Total plan liabilities at beginning of year2018-12-31$3,973,712
Total income from all sources2018-12-31$416,410
Expenses. Total of all expenses incurred2018-12-31$123,176
Benefits paid (including direct rollovers)2018-12-31$13,711
Total plan assets at end of year2018-12-31$948,250
Total plan assets at beginning of year2018-12-31$655,016
Value of fidelity bond covering the plan2018-12-31$500,000
Expenses. Other expenses not covered elsewhere2018-12-31$109,465
Other income received2018-12-31$293,234
Net income (gross income less expenses)2018-12-31$293,234
Net plan assets at end of year (total assets less liabilities)2018-12-31$-3,025,462
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$-3,318,696
Assets. Value of employer securities2018-12-31$948,225
Total contributions received or receivable from employer(s)2018-12-31$123,176
2017 : BABCOCK LABORATORIES, INC. ESOP 2017 401k financial data
Total plan liabilities at end of year2017-12-31$3,973,712
Total plan liabilities at beginning of year2017-12-31$3,973,712
Total income from all sources2017-12-31$47,868
Expenses. Total of all expenses incurred2017-12-31$114,852
Benefits paid (including direct rollovers)2017-12-31$5,167
Total plan assets at end of year2017-12-31$655,016
Total plan assets at beginning of year2017-12-31$722,000
Value of fidelity bond covering the plan2017-12-31$500,000
Expenses. Other expenses not covered elsewhere2017-12-31$109,685
Other income received2017-12-31$-67,009
Net income (gross income less expenses)2017-12-31$-66,984
Net plan assets at end of year (total assets less liabilities)2017-12-31$-3,318,696
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$-3,251,712
Assets. Value of employer securities2017-12-31$654,991
Total contributions received or receivable from employer(s)2017-12-31$114,877
2016 : BABCOCK LABORATORIES, INC. ESOP 2016 401k financial data
Total plan liabilities at end of year2016-12-31$3,973,712
Total plan liabilities at beginning of year2016-12-31$3,973,712
Total income from all sources2016-12-31$213,472
Expenses. Total of all expenses incurred2016-12-31$110,472
Benefits paid (including direct rollovers)2016-12-31$1,367
Total plan assets at end of year2016-12-31$722,000
Total plan assets at beginning of year2016-12-31$619,000
Value of fidelity bond covering the plan2016-12-31$500,000
Expenses. Other expenses not covered elsewhere2016-12-31$109,105
Other income received2016-12-31$103,000
Net income (gross income less expenses)2016-12-31$103,000
Net plan assets at end of year (total assets less liabilities)2016-12-31$-3,251,712
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$-3,354,712
Assets. Value of employer securities2016-12-31$722,000
Total contributions received or receivable from employer(s)2016-12-31$110,472
2015 : BABCOCK LABORATORIES, INC. ESOP 2015 401k financial data
Total plan liabilities at end of year2015-12-31$3,973,712
Total plan liabilities at beginning of year2015-12-31$4,892,624
Total income from all sources2015-12-31$248,922
Expenses. Total of all expenses incurred2015-12-31$114,422
Total plan assets at end of year2015-12-31$619,000
Total plan assets at beginning of year2015-12-31$1,403,412
Value of fidelity bond covering the plan2015-12-31$500,000
Expenses. Other expenses not covered elsewhere2015-12-31$114,422
Other income received2015-12-31$134,500
Net income (gross income less expenses)2015-12-31$134,500
Net plan assets at end of year (total assets less liabilities)2015-12-31$-3,354,712
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$-3,489,212
Assets. Value of employer securities2015-12-31$619,000
Total contributions received or receivable from employer(s)2015-12-31$114,422
2014 : BABCOCK LABORATORIES, INC. ESOP 2014 401k financial data
Total plan liabilities at end of year2014-12-31$4,892,624
Total income from all sources2014-12-31$-3,488,463
Expenses. Total of all expenses incurred2014-12-31$749
Total plan assets at end of year2014-12-31$1,403,412
Total plan assets at beginning of year2014-12-31$0
Value of fidelity bond covering the plan2014-12-31$500,000
Expenses. Other expenses not covered elsewhere2014-12-31$749
Other income received2014-12-31$-4,407,375
Net income (gross income less expenses)2014-12-31$-3,489,212
Net plan assets at end of year (total assets less liabilities)2014-12-31$-3,489,212
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Assets. Value of employer securities2014-12-31$484,500
Total contributions received or receivable from employer(s)2014-12-31$918,912

Form 5500 Responses for BABCOCK LABORATORIES, INC. ESOP

2022: BABCOCK LABORATORIES, INC. ESOP 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BABCOCK LABORATORIES, INC. ESOP 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BABCOCK LABORATORIES, INC. ESOP 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BABCOCK LABORATORIES, INC. ESOP 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: BABCOCK LABORATORIES, INC. ESOP 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: BABCOCK LABORATORIES, INC. ESOP 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: BABCOCK LABORATORIES, INC. ESOP 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BABCOCK LABORATORIES, INC. ESOP 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BABCOCK LABORATORIES, INC. ESOP 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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