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BEVARD, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameBEVARD, INC. 401K PROFIT SHARING PLAN
Plan identification number 002

BEVARD, INC. 401K PROFIT SHARING 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.
  • 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

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

Company Name:BEVARD, INC.
Employer identification number (EIN):954106415
NAIC Classification:812990
NAIC Description:All Other Personal Services

Additional information about BEVARD, INC.

Jurisdiction of Incorporation: Michigan Secretary of State
Incorporation Date: 0000-00-00
Company Identification Number: 23066D
Legal Registered Office Address: BEARDSLEE RD PERRY 48872


United States of America (USA)
13301

More information about BEVARD, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BEVARD, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022010-11-01FRANK BEVARD2011-09-25
0022009-11-01FRANK BEVARD
0022008-11-01
0022007-11-01FRANK BEVARD

Plan Statistics for BEVARD, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for BEVARD, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2009: BEVARD, INC. 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-11-0120
Total number of active participants reported on line 7a of the Form 55002009-11-010
Number of retired or separated participants receiving benefits2009-11-010
Number of other retired or separated participants entitled to future benefits2009-11-0115
Total of all active and inactive participants2009-11-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-11-010
Total participants2009-11-0115
Number of participants with account balances2009-11-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-11-010
2007: BEVARD, INC. 401K PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year2007-11-0119
Total number of active participants reported on line 7a of the Form 55002007-11-0116
Number of retired or separated participants receiving benefits2007-11-010
Number of other retired or separated participants entitled to future benefits2007-11-011
Total of all active and inactive participants2007-11-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-11-010
Total participants2007-11-0117
Number of participants with account balances2007-11-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-11-011

Financial Data on BEVARD, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2010 : BEVARD, INC. 401K PROFIT SHARING PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-10-31$0
2008 : BEVARD, INC. 401K PROFIT SHARING PLAN 2008 401k financial data
Transfers to/from the plan2008-10-31$0
Total plan liabilities at end of year2008-10-31$0
Total plan liabilities at beginning of year2008-10-31$0
Total income from all sources2008-10-31$20,750
Expenses. Total of all expenses incurred2008-10-31$10,805
Benefits paid (including direct rollovers)2008-10-31$10,739
Total plan assets at end of year2008-10-31$442,693
Total plan assets at beginning of year2008-10-31$432,748
Value of fidelity bond covering the plan2008-10-31$25,000
Total contributions received or receivable from participants2008-10-31$14,745
Contributions received from other sources (not participants or employers)2008-10-31$0
Other income received2008-10-31$6,005
Noncash contributions received2008-10-31$0
Net income (gross income less expenses)2008-10-31$9,945
Net plan assets at end of year (total assets less liabilities)2008-10-31$442,693
Net plan assets at beginning of year (total assets less liabilities)2008-10-31$432,748
Assets. Value of participant loans2008-10-31$7,767
Total contributions received or receivable from employer(s)2008-10-31$0
Value of certain deemed distributions of participant loans2008-10-31$0
Value of corrective distributions2008-10-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2008-10-31$66

Form 5500 Responses for BEVARD, INC. 401K PROFIT SHARING PLAN

2009: BEVARD, INC. 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-11-01Type of plan entitySingle employer plan
2009-11-01Submission has been amendedNo
2009-11-01This submission is the final filingNo
2009-11-01This return/report is a short plan year return/report (less than 12 months)No
2009-11-01Plan is a collectively bargained planNo
2009-11-01Plan funding arrangement – InsuranceYes
2009-11-01Plan funding arrangement – TrustYes
2009-11-01Plan benefit arrangement – InsuranceYes
2009-11-01Plan benefit arrangement - TrustYes
2008: BEVARD, INC. 401K PROFIT SHARING PLAN 2008 form 5500 responses
2008-11-01Type of plan entitySingle employer plan
2008-11-01Submission has been amendedNo
2008-11-01This submission is the final filingNo
2008-11-01This return/report is a short plan year return/report (less than 12 months)No
2008-11-01Plan is a collectively bargained planNo
2007: BEVARD, INC. 401K PROFIT SHARING PLAN 2007 form 5500 responses
2007-11-01Type of plan entitySingle employer plan
2007-11-01Submission has been amendedNo
2007-11-01This submission is the final filingNo
2007-11-01This return/report is a short plan year return/report (less than 12 months)No
2007-11-01Plan is a collectively bargained planNo
2007-11-01Plan funding arrangement – InsuranceYes
2007-11-01Plan funding arrangement – TrustYes
2007-11-01Plan benefit arrangement – InsuranceYes
2007-11-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT WEST LIFE & ANNUITY INSURANCE CO. (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number938773-01
Policy instance 1
Insurance contract or identification number938773-01
Number of Individuals Covered17
Insurance policy start date2007-11-01
Insurance policy end date2008-10-31
Total amount of commissions paid to insurance brokerUSD $1,926
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,926
Additional information about fees paid to insurance brokerNA
Insurance broker organization code?3
Insurance broker nameINDEPENDENT FINL GROUP LLC.

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