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BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan NameBEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN
Plan identification number 001

BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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

BEST CONTRACTING SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:BEST CONTRACTING SERVICES, INC.
Employer identification number (EIN):953781209
NAIC Classification:238100

Additional information about BEST CONTRACTING SERVICES, INC.

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 1982-09-17
Company Identification Number: C1158028
Legal Registered Office Address: 19027 S Hamilton Ave

Gardena
United States of America (USA)
90248

More information about BEST CONTRACTING SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01KAYHAN FATEMI2023-11-01
0012021-01-01
0012020-01-01
0012020-01-01
0012019-01-01
0012018-01-01MODJTABA TABAZADEH2019-10-11
0012017-01-01MODJTABA TABAZADEH2018-10-15
0012016-01-01MODJTABA TABAZADEH2017-08-17
0012015-01-01MODJTABA TABAZADEH2016-07-28
0012014-01-01MODJTABA TABAZADEH
0012013-01-01MODJTABA TABAZADEH
0012012-01-01MODJTABA TABAZADEH
0012011-01-01MOJI TABA
0012010-01-01MOJI TABA

Plan Statistics for BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN

401k plan membership statisitcs for BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2022: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01144
Total number of active participants reported on line 7a of the Form 55002022-01-01102
Number of retired or separated participants receiving benefits2022-01-0111
Number of other retired or separated participants entitled to future benefits2022-01-0130
Total of all active and inactive participants2022-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01143
Number of participants with account balances2022-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2014: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01100
Total number of active participants reported on line 7a of the Form 55002014-01-0172
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0122
Total of all active and inactive participants2014-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0194
Number of participants with account balances2014-01-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01108
Total number of active participants reported on line 7a of the Form 55002013-01-0179
Number of other retired or separated participants entitled to future benefits2013-01-0121
Total of all active and inactive participants2013-01-01100
Total participants2013-01-01100
Number of participants with account balances2013-01-0188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0110
2012: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01138
Total number of active participants reported on line 7a of the Form 55002012-01-0192
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0112
Total of all active and inactive participants2012-01-01104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01104
Number of participants with account balances2012-01-0198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-014
2011: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01134
Total number of active participants reported on line 7a of the Form 55002011-01-0196
Number of other retired or separated participants entitled to future benefits2011-01-0142
Total of all active and inactive participants2011-01-01138
Total participants2011-01-01138
Number of participants with account balances2011-01-01118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0114
2010: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01134
Total number of active participants reported on line 7a of the Form 55002010-01-01102
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0130
Total of all active and inactive participants2010-01-01132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01132
Number of participants with account balances2010-01-01120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0121

Financial Data on BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2022 : BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2022 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$725
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$2,383
Total income from all sources (including contributions)2022-12-31$-833,418
Total of all expenses incurred2022-12-31$550,483
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$507,304
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$146,920
Value of total assets at end of year2022-12-31$4,898,314
Value of total assets at beginning of year2022-12-31$6,283,873
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$43,179
Total interest from all sources2022-12-31$5,267
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$620
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
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$146,920
Participant contributions at end of year2022-12-31$134,554
Participant contributions at beginning of year2022-12-31$113,133
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$3,371
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$4,383
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$725
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$2,383
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,383,901
Value of net assets at end of year (total assets less liabilities)2022-12-31$4,897,589
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$6,281,490
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
Investment advisory and management fees2022-12-31$28,184
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,452,999
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,861,744
Value of interest in pooled separate accounts at end of year2022-12-31$1,533,654
Value of interest in pooled separate accounts at beginning of year2022-12-31$1,937,938
Interest on participant loans2022-12-31$5,267
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$24,201
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$72,350
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$72,350
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$139,027
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$151,996
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-282,960
Net investment gain/loss from pooled separate accounts2022-12-31$-702,645
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$507,304
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$115,371
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$145,207
Contract administrator fees2022-12-31$14,375
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$495,137
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$997,122
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 name2022-12-31POOLER CPA GROUP, LLC
Accountancy firm EIN2022-12-31824354021
2014 : BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2014 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$196
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,357
Total income from all sources (including contributions)2014-12-31$260,874
Total loss/gain on sale of assets2014-12-31$54,638
Total of all expenses incurred2014-12-31$158,085
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$138,143
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$66,387
Value of total assets at end of year2014-12-31$3,539,619
Value of total assets at beginning of year2014-12-31$3,437,991
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$19,942
Total interest from all sources2014-12-31$44,501
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$79,757
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$77,605
Administrative expenses professional fees incurred2014-12-31$10,150
Assets. Corporate prefeered stocks other than exployer securities at end of year2014-12-31$38,850
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$66,387
Participant contributions at end of year2014-12-31$178,684
Participant contributions at beginning of year2014-12-31$146,285
Participant contributions at beginning of year2014-12-31$150
Assets. Other investments not covered elsewhere at end of year2014-12-31$299,371
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$258,082
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$130
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$250
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$196
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$1,194
Other income not declared elsewhere2014-12-31$9,231
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$102,789
Value of net assets at end of year (total assets less liabilities)2014-12-31$3,539,423
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$3,436,634
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$1,960,088
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,815,955
Interest on participant loans2014-12-31$6,508
Income. Interest from corporate debt instruments2014-12-31$37,958
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$150,739
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$108,385
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$108,385
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$35
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$6,360
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Employer contributions (assets) at beginning of year2014-12-31$756
Income. Dividends from common stock2014-12-31$2,152
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$138,143
Asset. Corporate debt instrument debt (other) at end of year2014-12-31$722,496
Asset. Corporate debt instrument debt (other) at beginning of year2014-12-31$1,019,015
Contract administrator fees2014-12-31$9,792
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$189,261
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$89,113
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$163
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$54,638
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31SQUAR MILNER LLP
Accountancy firm EIN2014-12-31330835986
2013 : BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2013 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$1,357
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$36,050
Total income from all sources (including contributions)2013-12-31$662,848
Total loss/gain on sale of assets2013-12-31$95,254
Total of all expenses incurred2013-12-31$999,534
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$994,454
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$127,868
Value of total assets at end of year2013-12-31$3,437,991
Value of total assets at beginning of year2013-12-31$3,809,370
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$5,080
Total interest from all sources2013-12-31$64,000
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$77,156
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$73,009
Assets. Real estate other than employer real property at beginning of year2013-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$87,868
Participant contributions at end of year2013-12-31$146,285
Participant contributions at beginning of year2013-12-31$165,552
Participant contributions at end of year2013-12-31$150
Participant contributions at beginning of year2013-12-31$1,624
Assets. Other investments not covered elsewhere at end of year2013-12-31$258,082
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$128,559
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$40,000
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$250
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$5,098
Assets. Loans (other than to participants) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$1,194
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$1,014
Other income not declared elsewhere2013-12-31$6,214
Liabilities. Value of operating payables at beginning of year2013-12-31$0
Total non interest bearing cash at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-336,686
Value of net assets at end of year (total assets less liabilities)2013-12-31$3,436,634
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$3,773,320
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Assets. partnership/joint venture interests at beginning of year2013-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$1,815,955
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$2,167,049
Value of interest in pooled separate accounts at beginning of year2013-12-31$0
Interest on participant loans2013-12-31$7,228
Interest earned on other investments2013-12-31$2,125
Income. Interest from corporate debt instruments2013-12-31$53,979
Value of interest in master investment trust accounts at beginning of year2013-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$108,385
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$292,398
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$292,398
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$668
Assets. Value of investments in 103.12 investment entities at beginning of year2013-12-31$0
Asset value of US Government securities at beginning of year2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$292,356
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at beginning of year2013-12-31$0
Assets. Value of employer real property at beginning of year2013-12-31$0
Employer contributions (assets) at end of year2013-12-31$756
Employer contributions (assets) at beginning of year2013-12-31$756
Income. Dividends from common stock2013-12-31$4,147
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$994,454
Asset. Corporate debt instrument preferred debt at beginning of year2013-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$1,019,015
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$799,921
Contract administrator fees2013-12-31$5,080
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$89,113
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$248,413
Liabilities. Value of benefit claims payable at end of year2013-12-31$163
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$35,036
Assets. Value of buildings and other operty used in plan operation at beginning of year2013-12-31$0
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$95,254
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31HKG, LLP
Accountancy firm EIN2013-12-31954552788
2012 : BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$143,242
Total unrealized appreciation/depreciation of assets2012-12-31$143,242
Total transfer of assets to this plan2012-12-31$0
Total transfer of assets from this plan2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$36,050
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$242
Expenses. Interest paid2012-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022012-12-31$0
Total income from all sources (including contributions)2012-12-31$678,952
Total loss/gain on sale of assets2012-12-31$142,639
Total of all expenses incurred2012-12-31$314,848
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$286,031
Expenses. Certain deemed distributions of participant loans2012-12-31$0
Value of total corrective distributions2012-12-31$7,589
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$133,573
Value of total assets at end of year2012-12-31$3,809,370
Value of total assets at beginning of year2012-12-31$3,409,458
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$21,228
Total income from rents2012-12-31$0
Total interest from all sources2012-12-31$42,959
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$61,915
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$24,530
Assets. Real estate other than employer real property at end of year2012-12-31$0
Assets. Real estate other than employer real property at beginning of year2012-12-31$0
Administrative expenses professional fees incurred2012-12-31$10,300
Assets. Corporate prefeered stocks other than exployer securities at end of year2012-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2012-12-31$0
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$350,000
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$120,962
Participant contributions at end of year2012-12-31$165,552
Participant contributions at beginning of year2012-12-31$3,000
Participant contributions at end of year2012-12-31$1,624
Participant contributions at beginning of year2012-12-31$7,681
Assets. Other investments not covered elsewhere at end of year2012-12-31$128,559
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$139,226
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$12,611
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$5,098
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$200
Assets. Loans (other than to participants) at end of year2012-12-31$0
Assets. Loans (other than to participants) at beginning of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$1,014
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$79
Other income not declared elsewhere2012-12-31$5,062
Administrative expenses (other) incurred2012-12-31$755
Liabilities. Value of operating payables at end of year2012-12-31$0
Liabilities. Value of operating payables at beginning of year2012-12-31$0
Total non interest bearing cash at end of year2012-12-31$0
Total non interest bearing cash at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Income. Non cash contributions2012-12-31$0
Value of net income/loss2012-12-31$364,104
Value of net assets at end of year (total assets less liabilities)2012-12-31$3,773,320
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$3,409,216
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
Assets. partnership/joint venture interests at end of year2012-12-31$0
Assets. partnership/joint venture interests at beginning of year2012-12-31$0
Investment advisory and management fees2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$2,167,049
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$1,990,496
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$0
Interest on participant loans2012-12-31$3,422
Income. Interest from loans (other than to participants)2012-12-31$0
Interest earned on other investments2012-12-31$0
Income. Interest from US Government securities2012-12-31$0
Income. Interest from corporate debt instruments2012-12-31$33,849
Value of interest in master investment trust accounts at end of year2012-12-31$0
Value of interest in master investment trust accounts at beginning of year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$292,398
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$223,366
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$223,366
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$5,688
Assets. Value of investments in 103.12 investment entities at end of year2012-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2012-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2012-12-31$0
Asset value of US Government securities at end of year2012-12-31$0
Asset value of US Government securities at beginning of year2012-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$149,562
Net investment gain/loss from pooled separate accounts2012-12-31$0
Net investment gain or loss from common/collective trusts2012-12-31$0
Net gain/loss from 103.12 investment entities2012-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$0
Assets. Invements in employer securities at beginning of year2012-12-31$0
Assets. Value of employer real property at end of year2012-12-31$0
Assets. Value of employer real property at beginning of year2012-12-31$0
Contributions received in cash from employer2012-12-31$0
Employer contributions (assets) at end of year2012-12-31$756
Employer contributions (assets) at beginning of year2012-12-31$756
Income. Dividends from preferred stock2012-12-31$0
Income. Dividends from common stock2012-12-31$37,385
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$286,031
Asset. Corporate debt instrument preferred debt at end of year2012-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2012-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2012-12-31$799,921
Asset. Corporate debt instrument debt (other) at beginning of year2012-12-31$670,313
Contract administrator fees2012-12-31$10,173
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$248,413
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$374,420
Liabilities. Value of benefit claims payable at end of year2012-12-31$35,036
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$163
Assets. Value of buildings and other operty used in plan operation at end of year2012-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2012-12-31$0
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$142,639
Aggregate carrying amount (costs) on sale of assets2012-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2012-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2012-12-31$0
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 name2012-12-31HKG, LLP
Accountancy firm EIN2012-12-31954552788
2011 : BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-173,942
Total unrealized appreciation/depreciation of assets2011-12-31$-173,942
Total transfer of assets to this plan2011-12-31$0
Total transfer of assets from this plan2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$242
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$22,834
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$-17,804
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$143,010
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$142,515
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$170,892
Value of total assets at end of year2011-12-31$3,409,458
Value of total assets at beginning of year2011-12-31$3,592,864
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$495
Total income from rents2011-12-31$0
Total interest from all sources2011-12-31$29,593
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$44,419
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$9,733
Assets. Real estate other than employer real property at end of year2011-12-31$0
Administrative expenses professional fees incurred2011-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$350,000
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$170,892
Participant contributions at end of year2011-12-31$3,000
Participant contributions at end of year2011-12-31$7,681
Participant contributions at beginning of year2011-12-31$0
Assets. Other investments not covered elsewhere at end of year2011-12-31$139,226
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$200
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$21,509
Assets. Loans (other than to participants) at end of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$79
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$489
Other income not declared elsewhere2011-12-31$-10,769
Administrative expenses (other) incurred2011-12-31$0
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$-160,814
Value of net assets at end of year (total assets less liabilities)2011-12-31$3,409,216
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$3,570,030
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
Assets. partnership/joint venture interests at end of year2011-12-31$0
Investment advisory and management fees2011-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$1,990,496
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$2,233,439
Value of interest in pooled separate accounts at end of year2011-12-31$0
Interest on participant loans2011-12-31$0
Income. Interest from loans (other than to participants)2011-12-31$0
Interest earned on other investments2011-12-31$50
Income. Interest from US Government securities2011-12-31$0
Income. Interest from corporate debt instruments2011-12-31$0
Value of interest in master investment trust accounts at end of year2011-12-31$0
Value of interest in common/collective trusts at end of year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$223,366
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$197,402
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$197,402
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$29,543
Assets. Value of investments in 103.12 investment entities at end of year2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Asset value of US Government securities at end of year2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-77,997
Net investment gain/loss from pooled separate accounts2011-12-31$0
Net investment gain or loss from common/collective trusts2011-12-31$0
Net gain/loss from 103.12 investment entities2011-12-31$0
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
Contributions received in cash from employer2011-12-31$0
Employer contributions (assets) at end of year2011-12-31$756
Employer contributions (assets) at beginning of year2011-12-31$285,145
Income. Dividends from preferred stock2011-12-31$0
Income. Dividends from common stock2011-12-31$34,686
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$142,515
Asset. Corporate debt instrument preferred debt at end of year2011-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$670,313
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$556,419
Contract administrator fees2011-12-31$495
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$374,420
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$298,950
Liabilities. Value of benefit claims payable at end of year2011-12-31$163
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$22,345
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
Aggregate proceeds on sale of assets2011-12-31$0
Aggregate carrying amount (costs) on sale of assets2011-12-31$0
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 name2011-12-31LIPTZ & ASSOCIATES
Accountancy firm EIN2011-12-31330950092
2010 : BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$244,553
Total unrealized appreciation/depreciation of assets2010-12-31$244,553
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$22,834
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$526
Total income from all sources (including contributions)2010-12-31$660,549
Total of all expenses incurred2010-12-31$197,288
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$193,803
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$415,996
Value of total assets at end of year2010-12-31$3,592,864
Value of total assets at beginning of year2010-12-31$3,107,295
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$3,485
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$3,485
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$350,000
If this is an individual account plan, was there a blackout period2010-12-31No
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$131,607
Participant contributions at beginning of year2010-12-31$897
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$21,509
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$498
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$489
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$526
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$463,261
Value of net assets at end of year (total assets less liabilities)2010-12-31$3,570,030
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$3,106,769
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$2,233,439
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$2,469,602
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$197,402
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$170,757
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$170,757
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
Contributions received in cash from employer2010-12-31$284,389
Employer contributions (assets) at end of year2010-12-31$285,145
Employer contributions (assets) at beginning of year2010-12-31$298,741
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$193,803
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$556,419
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$298,950
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$166,800
Liabilities. Value of benefit claims payable at end of year2010-12-31$22,345
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 name2010-12-31LIPTZ & ASSOCIATES, INC.
Accountancy firm EIN2010-12-31330950092

Form 5500 Responses for BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN

2022: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2014: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: BEST ROOFING & WATERPROOFING, INC. PROFIT SHARING 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number602218-000
Policy instance 1
Insurance contract or identification number602218-000
Number of Individuals Covered143
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
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

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