401k Plan data: BFC DEFINED BENEFIT PENSION TRUST plan

BFC DEFINED BENEFIT PENSION TRUST 401k Plan overview

Plan Name	BFC DEFINED BENEFIT PENSION TRUST
Plan identification number	001

BFC DEFINED BENEFIT PENSION TRUST Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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.
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

L.A. COUNTY SMALL BUSINESS DEVELOPMENT CORP. D/B/A BUSINESS has sponsored the creation of one or more 401k plans.

Company Name: L.A. COUNTY SMALL BUSINESS DEVELOPMENT CORP. D/B/A BUSINESS

Employer identification number (EIN): 954313041

NAIC Classification: 522300
NAIC Description: Activities Related to Credit Intermediation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BFC DEFINED BENEFIT PENSION TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-07-01
001 2021-07-01
001 2020-07-01
001 2015-07-01
001 2015-01-01 GEZA ANASAGASTI 2016-07-14
001 2014-07-01
001 2013-07-01
001 2012-07-01 RAYMOND SAKAIDA 2014-04-15 RAYMOND SAKAIDA 2014-04-15
001 2012-01-01 RAYMOND SAKAIDA 2013-04-10 RAYMOND SAKAIDA 2013-04-10
001 2011-01-01 RAYMOND SAKAIDA 2012-10-04 RAYMOND SAKAIDA 2012-10-04
001 2010-01-01 RAYMOND SAKAIDA 2011-10-18 RAYMOND SAKAIDA 2011-10-18
001 2009-01-01 RAYMOND SAKAIDA RAYMOND SAKAIDA 2010-10-07

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-07-01
001	2021-07-01
001	2020-07-01
001	2015-07-01
001	2015-01-01	GEZA ANASAGASTI	2016-07-14
001	2014-07-01
001	2013-07-01
001	2012-07-01	RAYMOND SAKAIDA	2014-04-15	RAYMOND SAKAIDA	2014-04-15
001	2012-01-01	RAYMOND SAKAIDA	2013-04-10	RAYMOND SAKAIDA	2013-04-10
001	2011-01-01	RAYMOND SAKAIDA	2012-10-04	RAYMOND SAKAIDA	2012-10-04
001	2010-01-01	RAYMOND SAKAIDA	2011-10-18	RAYMOND SAKAIDA	2011-10-18
001	2009-01-01	RAYMOND SAKAIDA		RAYMOND SAKAIDA	2010-10-07

Plan Statistics for BFC DEFINED BENEFIT PENSION TRUST

401k plan membership statisitcs for BFC DEFINED BENEFIT PENSION TRUST

Measure Date Value
2023: BFC DEFINED BENEFIT PENSION TRUST 2023 401k membership
Market value of plan assets 2023-06-30 66,261
Acturial value of plan assets 2023-06-30 66,261
Funding target for retired participants and beneficiaries receiving payment 2023-06-30 0
Number of terminated vested participants 2023-06-30 0
Fundng target for terminated vested participants 2023-06-30 0
Active participant vested funding target 2023-06-30 0
Number of active participants 2023-06-30 1
Total funding liabilities for active participants 2023-06-30 0
Total participant count 2023-06-30 1
Total funding target for all participants 2023-06-30 0
Balance at beginning of prior year after applicable adjustments 2023-06-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2023-06-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2023-06-30 0
Prefunding balanced used to offset prior years funding requirement 2023-06-30 0
Amount remaining of carryover balance 2023-06-30 0
Amount remaining of prefunding balance 2023-06-30 0
Present value of excess contributions 2023-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2023-06-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2023-06-30 0
Reductions in caryover balances due to elections or deemed elections 2023-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2023-06-30 0
Balance of carryovers at beginning of current year 2023-06-30 0
Balance of prefunding at beginning of current year 2023-06-30 0
Total employer contributions 2023-06-30 0
Total employee contributions 2023-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2023-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2023-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2023-06-30 0
Unpaid minimum required contributions for all prior years 2023-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2023-06-30 0
Remaining amount of unpaid minimum required contributions 2023-06-30 0
Minimum required contributions for current year target normal cost 2023-06-30 0
Net shortfall amortization installment of oustanding balance 2023-06-30 0
Waiver amortization installment 2023-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2023-06-30 0
Additional cash requirement 2023-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2023-06-30 0
Unpaid minimum required contributions for current year 2023-06-30 0
Unpaid minimum required contributions for all years 2023-06-30 0
2022: BFC DEFINED BENEFIT PENSION TRUST 2022 401k membership
Market value of plan assets 2022-06-30 65,471
Acturial value of plan assets 2022-06-30 65,471
Funding target for retired participants and beneficiaries receiving payment 2022-06-30 0
Number of terminated vested participants 2022-06-30 0
Fundng target for terminated vested participants 2022-06-30 0
Active participant vested funding target 2022-06-30 0
Number of active participants 2022-06-30 0
Total funding liabilities for active participants 2022-06-30 0
Total participant count 2022-06-30 0
Total funding target for all participants 2022-06-30 0
Balance at beginning of prior year after applicable adjustments 2022-06-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-06-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-06-30 0
Prefunding balanced used to offset prior years funding requirement 2022-06-30 0
Amount remaining of carryover balance 2022-06-30 0
Amount remaining of prefunding balance 2022-06-30 0
Present value of excess contributions 2022-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-06-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-06-30 0
Reductions in caryover balances due to elections or deemed elections 2022-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2022-06-30 0
Balance of carryovers at beginning of current year 2022-06-30 0
Balance of prefunding at beginning of current year 2022-06-30 0
Total employer contributions 2022-06-30 0
Total employee contributions 2022-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2022-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-06-30 0
Unpaid minimum required contributions for all prior years 2022-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-06-30 0
Remaining amount of unpaid minimum required contributions 2022-06-30 0
Minimum required contributions for current year target normal cost 2022-06-30 0
Net shortfall amortization installment of oustanding balance 2022-06-30 0
Waiver amortization installment 2022-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2022-06-30 0
Additional cash requirement 2022-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2022-06-30 0
Unpaid minimum required contributions for current year 2022-06-30 0
Unpaid minimum required contributions for all years 2022-06-30 0
2021: BFC DEFINED BENEFIT PENSION TRUST 2021 401k membership
Market value of plan assets 2021-06-30 65,194
Acturial value of plan assets 2021-06-30 65,194
Funding target for retired participants and beneficiaries receiving payment 2021-06-30 0
Number of terminated vested participants 2021-06-30 0
Fundng target for terminated vested participants 2021-06-30 0
Active participant vested funding target 2021-06-30 0
Number of active participants 2021-06-30 1
Total funding liabilities for active participants 2021-06-30 0
Total participant count 2021-06-30 1
Total funding target for all participants 2021-06-30 0
Balance at beginning of prior year after applicable adjustments 2021-06-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-06-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-06-30 0
Prefunding balanced used to offset prior years funding requirement 2021-06-30 0
Amount remaining of carryover balance 2021-06-30 0
Amount remaining of prefunding balance 2021-06-30 0
Present value of excess contributions 2021-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-06-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-06-30 0
Reductions in caryover balances due to elections or deemed elections 2021-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2021-06-30 0
Balance of carryovers at beginning of current year 2021-06-30 0
Balance of prefunding at beginning of current year 2021-06-30 0
Total employer contributions 2021-06-30 0
Total employee contributions 2021-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2021-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-06-30 0
Unpaid minimum required contributions for all prior years 2021-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-06-30 0
Remaining amount of unpaid minimum required contributions 2021-06-30 0
Minimum required contributions for current year target normal cost 2021-06-30 0
Net shortfall amortization installment of oustanding balance 2021-06-30 0
Waiver amortization installment 2021-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2021-06-30 0
Additional cash requirement 2021-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2021-06-30 0
Unpaid minimum required contributions for current year 2021-06-30 0
Unpaid minimum required contributions for all years 2021-06-30 0
2009: BFC DEFINED BENEFIT PENSION TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 5
Total of all active and inactive participants 2009-01-01 5
Total participants 2009-01-01 5

Measure	Date	Value
2023: BFC DEFINED BENEFIT PENSION TRUST 2023 401k membership
Market value of plan assets	2023-06-30	66,261
Acturial value of plan assets	2023-06-30	66,261
Funding target for retired participants and beneficiaries receiving payment	2023-06-30	0
Number of terminated vested participants	2023-06-30	0
Fundng target for terminated vested participants	2023-06-30	0
Active participant vested funding target	2023-06-30	0
Number of active participants	2023-06-30	1
Total funding liabilities for active participants	2023-06-30	0
Total participant count	2023-06-30	1
Total funding target for all participants	2023-06-30	0
Balance at beginning of prior year after applicable adjustments	2023-06-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2023-06-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2023-06-30	0
Prefunding balanced used to offset prior years funding requirement	2023-06-30	0
Amount remaining of carryover balance	2023-06-30	0
Amount remaining of prefunding balance	2023-06-30	0
Present value of excess contributions	2023-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2023-06-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2023-06-30	0
Reductions in caryover balances due to elections or deemed elections	2023-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2023-06-30	0
Balance of carryovers at beginning of current year	2023-06-30	0
Balance of prefunding at beginning of current year	2023-06-30	0
Total employer contributions	2023-06-30	0
Total employee contributions	2023-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2023-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2023-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2023-06-30	0
Unpaid minimum required contributions for all prior years	2023-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2023-06-30	0
Remaining amount of unpaid minimum required contributions	2023-06-30	0
Minimum required contributions for current year target normal cost	2023-06-30	0
Net shortfall amortization installment of oustanding balance	2023-06-30	0
Waiver amortization installment	2023-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2023-06-30	0
Additional cash requirement	2023-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2023-06-30	0
Unpaid minimum required contributions for current year	2023-06-30	0
Unpaid minimum required contributions for all years	2023-06-30	0
2022: BFC DEFINED BENEFIT PENSION TRUST 2022 401k membership
Market value of plan assets	2022-06-30	65,471
Acturial value of plan assets	2022-06-30	65,471
Funding target for retired participants and beneficiaries receiving payment	2022-06-30	0
Number of terminated vested participants	2022-06-30	0
Fundng target for terminated vested participants	2022-06-30	0
Active participant vested funding target	2022-06-30	0
Number of active participants	2022-06-30	0
Total funding liabilities for active participants	2022-06-30	0
Total participant count	2022-06-30	0
Total funding target for all participants	2022-06-30	0
Balance at beginning of prior year after applicable adjustments	2022-06-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-06-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-06-30	0
Prefunding balanced used to offset prior years funding requirement	2022-06-30	0
Amount remaining of carryover balance	2022-06-30	0
Amount remaining of prefunding balance	2022-06-30	0
Present value of excess contributions	2022-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-06-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-06-30	0
Reductions in caryover balances due to elections or deemed elections	2022-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2022-06-30	0
Balance of carryovers at beginning of current year	2022-06-30	0
Balance of prefunding at beginning of current year	2022-06-30	0
Total employer contributions	2022-06-30	0
Total employee contributions	2022-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2022-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-06-30	0
Unpaid minimum required contributions for all prior years	2022-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-06-30	0
Remaining amount of unpaid minimum required contributions	2022-06-30	0
Minimum required contributions for current year target normal cost	2022-06-30	0
Net shortfall amortization installment of oustanding balance	2022-06-30	0
Waiver amortization installment	2022-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2022-06-30	0
Additional cash requirement	2022-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2022-06-30	0
Unpaid minimum required contributions for current year	2022-06-30	0
Unpaid minimum required contributions for all years	2022-06-30	0
2021: BFC DEFINED BENEFIT PENSION TRUST 2021 401k membership
Market value of plan assets	2021-06-30	65,194
Acturial value of plan assets	2021-06-30	65,194
Funding target for retired participants and beneficiaries receiving payment	2021-06-30	0
Number of terminated vested participants	2021-06-30	0
Fundng target for terminated vested participants	2021-06-30	0
Active participant vested funding target	2021-06-30	0
Number of active participants	2021-06-30	1
Total funding liabilities for active participants	2021-06-30	0
Total participant count	2021-06-30	1
Total funding target for all participants	2021-06-30	0
Balance at beginning of prior year after applicable adjustments	2021-06-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-06-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-06-30	0
Prefunding balanced used to offset prior years funding requirement	2021-06-30	0
Amount remaining of carryover balance	2021-06-30	0
Amount remaining of prefunding balance	2021-06-30	0
Present value of excess contributions	2021-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-06-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-06-30	0
Reductions in caryover balances due to elections or deemed elections	2021-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2021-06-30	0
Balance of carryovers at beginning of current year	2021-06-30	0
Balance of prefunding at beginning of current year	2021-06-30	0
Total employer contributions	2021-06-30	0
Total employee contributions	2021-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2021-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-06-30	0
Unpaid minimum required contributions for all prior years	2021-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-06-30	0
Remaining amount of unpaid minimum required contributions	2021-06-30	0
Minimum required contributions for current year target normal cost	2021-06-30	0
Net shortfall amortization installment of oustanding balance	2021-06-30	0
Waiver amortization installment	2021-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2021-06-30	0
Additional cash requirement	2021-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2021-06-30	0
Unpaid minimum required contributions for current year	2021-06-30	0
Unpaid minimum required contributions for all years	2021-06-30	0
2009: BFC DEFINED BENEFIT PENSION TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	5
Total of all active and inactive participants	2009-01-01	5
Total participants	2009-01-01	5

Form 5500 Responses for BFC DEFINED BENEFIT PENSION TRUST

2009: BFC DEFINED BENEFIT PENSION TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	L.A. COUNTY SMALL BUSINESS DEVELOPMENT CORP. D/B/A BUSINESS
Employer identification number (EIN):	954313041
NAIC Classification:	522300
NAIC Description:	Activities Related to Credit Intermediation