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FORM 5500 DATA

B & I Contractors, Inc., Employee Stock Ownership Plan

Overview

Plan Information

  • Plan Year11/01/2018 — 10/31/2019
  • Date of Plan11/01/1985
  • Net Assets as of 10/31/2019 $43,588,623
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 10/31/2019

  • Active (Eligible) Participants603
  • Retired or separated participants receiving benefits4
  • Other retired or separated participants entitled to future benefits204
  • Subtotal811
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits3
  • Total814
  • Total number of participants as of 11/01/2018918
  • Number of participants with account balances813
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested99

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address2701 Prince Street
  • CityFort Myers
  • StateFL
  • Zip33901
  • Telephone(239) 332-4646
  • EIN59-1107790
  • Industry Code238220
  • Named AdministratorBrian Kelly

Plan Administrator Information

  • Administrator NameB & I Contractors, Inc.
  • Address2701 Prince Street
  • CityFort Myers
  • StateFL
  • Zip33901
  • Telephone(239) 332-4646
  • Administrator EIN59-1107790

Audit Information

  • Audit StatusAudited
  • AuditorHughes, Snell & Co., Pa
  • Auditor EIN59-2309183
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
2Q S Corporation ESOP The employer maintaining this Employee Stock Ownership Plan (ESOP) is an S Corporation.
3I Employer Securities Limitations Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,300,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $6,880,433
Contributions $3,625,851
Cash Contributions $3,625,851
Cash from Employers $3,625,851
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $3,254,582
Total Interest $117,259
Interest-Bearing Cash $117,259
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $496,816
Preferred Stock $0
Common Stock $375,000
Rents $0
Net gain (loss) on sale of assets $10,677
Aggregate Proceeds $2,713,176
Aggregate Carrying Amount $2,702,499
Total Unrealized Appreciation (depreciation) of assets $1,850,400
Real Estate $0
Other $1,850,400
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $779,430
Other Income $0
Expenses $1,555,868
Total Benefit Payments $1,414,760
Directly to participants or beneficiaries, including direct rollovers $1,414,760
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $141,108
Professional Fees $10,782
Contract Administrator Fees $47,991
Investment Advisory and management fees $0
Other Administrative Fees $82,335
Net Income $5,324,565
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

10/31/2019 10/31/2018 Change YOY
Total Assets $43,614,553 $38,326,716 13.80%
Total noninterest-bearing cash $184,620 $88,199 109.32%
Receivables $3,964,641 $3,415,385 16.08%
Employer Contributions $3,563,668 $3,011,535 18.33%
Participant Contributions $0 $0 0.0%
Other Contributions $400,973 $403,850 -0.71%
General Investments $2,702,344 $2,243,744 20.44%
Interest-bearing cash $2,702,344 $2,243,744 20.44%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $1,679,469 $1,634,627 2.74%
Preferred $0 $0 0.0%
All Other $1,679,469 $1,634,627 2.74%
Corporate Stocks $3,639,690 $2,881,943 26.29%
Preferred $0 $0 0.0%
Common $3,639,690 $2,881,943 26.29%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $4,349,102 $3,031,217 43.48%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $2,144,287 $1,931,601 11.01%
Employer-related Investments $24,950,400 $23,100,000 8.01%
Employer Securities $24,950,400 $23,100,000 8.01%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $25,930 $62,658 -58.62%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $17,951 $62,658 -71.35%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $7,979 $0 0.0%
Net Assets $43,588,623 $38,264,058 13.92%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Finemark National Bank & Trust Investment management NONE $81,440 $0 $81,440
Transition Finance Strategies Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $47,992 $0 $47,992
Shareholder Strategies Valuation (appraisals, etc.) NONE $10,782 $0 $10,782
Total $140,214 $0 $140,214

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.