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S.B.C.C., Inc. d/b/a South Bay Construction Company

Plan Rating

South Bay Construction Company 401k Profit Sharing Plan


Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan12/01/1999
  • Net Assets as of 12/31/2019 $11,646,034
  • 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 12/31/2019

  • Active (Eligible) Participants85
  • Retired or separated participants receiving benefits8
  • Other retired or separated participants entitled to future benefits25
  • Subtotal118
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total118
  • Total number of participants as of 01/01/2019138
  • Number of participants with account balances118
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested13


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

Sponsor Information

  • Address1711 Dell Avenue
  • CityCampbell
  • StateCA
  • Zip95008
  • Telephone(408) 379-5500
  • EIN77-0336472
  • Industry Code236200
  • Named AdministratorDonna Cano
  • Named Plan SponsorDonna Cano

Audit Information

  • Audit StatusAudited
  • AuditorBpm LLP
  • Auditor EIN81-4234542
  • 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.
3B Self-Employed Plan Plan covering Self-Employed individuals.
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? 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 $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


Income and Expense Statement

Income $4,111,285
Contributions $1,584,572
Cash Contributions $1,584,572
Cash from Employers $731,425
Cash from Participants $800,668
Others (including rollovers) $52,479
Noncash Contributions $0
Total Earnings on Investments $2,526,713
Total Interest $5,363
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,363
Interest from Other Investments $0
Total Dividends $24,631
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $280,271
Aggregate Proceeds $280,271
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $2,114,374
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 $102,074
Other Income $0
Expenses $1,454,884
Total Benefit Payments $1,351,118
Directly to participants or beneficiaries, including direct rollovers $1,351,118
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 $103,766
Professional Fees $0
Contract Administrator Fees $30,829
Investment Advisory and management fees $72,937
Other Administrative Fees $0
Net Income $2,656,401
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $11,646,034 $8,989,633 29.55%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
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 $93,606 $115,278 -18.80%
Value of interest in common/collective trusts $10,761,002 $8,368,417 28.59%
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 $791,426 $505,938 56.43%
Value of funds held in insurance co. general account $0 $0 0.0%
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 $11,646,034 $8,989,633 29.55%

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
Sloy, Dahl, & Holst Investment advisory (plan), Direct payment from the plan Investment Advisor $72,937 $0 $72,937
Spectrum Pension Consultants, Inc. Claims processing, Contract Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Consulting (pension), Custodial (securities), Participant communication, Recordkeeping fees Recordkeeper $30,829 $0 $30,829
Total $103,766 $0 $103,766

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.



Name of Investment Investment Manager Type of Investment Dollar Value
Sloy Dahl & Holst Aggressive Cl 1 Alta Trust Company DFE: Common/Collective Trust $5,738,729
Sloy Dahl & Holst Balanced Cl 1 Alta Trust Company DFE: Common/Collective Trust $3,818,039
Sloy Dahl & Holst Growth Cl 1 Alta Trust Company DFE: Common/Collective Trust $692,746
Sloy Dahl & Holst Conservative Cl 1 Alta Trust Company DFE: Common/Collective Trust $368,565
Morley Stable Value Fund Morley Stable Value Fund DFE: Common/Collective Trust $80,144
Sloy Dahl & Holst Moderate Cl 1 Alta Trust Company DFE: Common/Collective Trust $62,779
Total $10,761,002

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.