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FORM 5500 DATA

B.E.T. Ltd. Dba Bridgeport Equipment & Tool 401k Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan01/01/2012
  • Net Assets as of 12/31/2014 $449,573
  • 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 ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2014

  • Active (Eligible) Participants133
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits10
  • Subtotal143
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total143
  • Total number of participants as of 01/01/2014129
  • Number of participants with account balances57
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

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

Sponsor Information

  • Address500 Hall Street
  • CityBridgeport
  • StateOH
  • Zip43912
  • Telephone(740) 635-1129
  • EIN34-1800484
  • Industry Code444200
  • Named AdministratorPhil Tisue

Plan Administrator Information

  • Administrator NameTag Resources, LLC
  • Address6322 Deane Hill Drive Suite 201
  • CityKnoxville
  • StateTN
  • Zip37919
  • Telephone(865) 670-1844
  • Administrator EIN62-1874769

Audit Information

  • Audit StatusAudited
  • AuditorCoulter & Justus
  • Auditor EIN62-1532536
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G 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.
2J 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.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
3D 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.

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? Yes $33,101
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 $500,000
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 $168,322
Contributions $152,616
Cash Contributions $152,616
Cash from Employers $59,393
Cash from Participants $93,223
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $15,706
Total Interest $342
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $342
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $15,364
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 $0
Other Income $0
Expenses $11,446
Total Benefit Payments $5,102
Directly to participants or beneficiaries, including direct rollovers $5,102
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 $6,344
Professional Fees $0
Contract Administrator Fees $6,344
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $156,876
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $449,573 $292,697 53.60%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $7,028 $8,203 -14.32%
Employer Contributions $2,738 $3,416 -19.85%
Participant Contributions $4,290 $4,787 -10.38%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
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 $417,752 $266,301 56.87%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $24,793 $18,193 36.28%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $449,573 $292,697 53.60%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Life Ins. Co

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
Transamerica Life Ins. Co. Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $4,264 $0 $4,264
Coulter & Justus Accounting (including auditing) Audit $2,000 $0 $2,000
Tag Resources, LLC Plan Administrator Plan Administrator $130 $0 $130
Total $6,394 $0 $6,394

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

Name of Investment Investment Manager Type of Investment Dollar Value
Compass Emp All Growth Portfolio Re Transamerica Life Insurance Company DFE: Pooled Separate Account $95,824
Compass Emp Multi Asset Balanced Po Transamerica Life Insurance Company DFE: Pooled Separate Account $82,464
Vanguard Target Retirement 2025 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $38,149
American Funds Amcap Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $27,751
Vanguard Target Retirement 2035 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $22,491
Vanguard Target Retirement 2030 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $19,171
Vanguard Target Retirement 2045 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $17,291
Neuberger Berman Genesis Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $15,793
Columbia Acorn International Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $14,631
Templeton Global Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $10,691
Jpmorgan Government Securities Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $10,337
American Century Inflation-Adjusted Transamerica Life Insurance Company DFE: Pooled Separate Account $8,022
Invesco Diversified Dividend Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $7,656
American Funds New Perspective Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $7,360
Vanguard Target Retirement 2020 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $6,893
Pimco Total Return Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $6,711
Federated Institutional High Yield Transamerica Life Insurance Company DFE: Pooled Separate Account $4,741
Vanguard Target Retirement 2040 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $3,659
American Funds Fundamental Investor Transamerica Life Insurance Company DFE: Pooled Separate Account $3,652
Compass Emp Alternative Strategies Transamerica Life Insurance Company DFE: Pooled Separate Account $2,852
Clearbridge Mid Cap Core Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $2,845
Invesco Small Cap Growth Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $2,638
American Funds Europacific Growth R Transamerica Life Insurance Company DFE: Pooled Separate Account $2,454
Goldman Sachs Technology Tollkeeper Transamerica Life Insurance Company DFE: Pooled Separate Account $1,748
Vanguard Reit Index Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $1,561
Compass Emp Conservative Balanced P Transamerica Life Insurance Company DFE: Pooled Separate Account $279
Ridgeworth Mid-Cap Value Equity Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $42
Vanguard Total Stock Market Index R Transamerica Life Insurance Company DFE: Pooled Separate Account $37
Wells Fargo Advantage Discovery Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $9
Total $417,752

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 143
EIN 39-0989781
Industry Code 86231
Contract Number 931061-616
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $0
Value in Separate Accounts at Year End $417,752
Insurance Fees and Commissions $1,437
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Cetera Advisor Networks LLC Callen W Bryan El Segundo, CA 90245 Insurance Agent or Broker $1,437 $0 0.00
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract STABLE VALUE OPTION
Balance at the end of the previous year $18,193
Additions $9,031
Contributions Deposited during the year $6,247
Dividends and credits $0
Interest credited during the year $342
Transferred from separate account $1,975
Other $467
Total of Balance and Additions $27,224
Deductions $2,431
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $2,301
Transferred to Separate Account $0
Other $130
Balance at the end of the current year $24,793