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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan03/01/2001
  • Net Assets as of 12/31/2018 $5,160,687
  • 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 12/31/2018

  • Active (Eligible) Participants120
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits7
  • Subtotal129
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total129
  • Total number of participants as of 01/01/2018122
  • Number of participants with account balances79
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

Expenses

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

Sponsor Information

  • Address55 West Ames Court Suite 400
  • CityPlainview
  • StateNY
  • Zip11803
  • Telephone(516) 576-0400
  • EIN11-2323882
  • Industry Code524210

Plan Administrator Information

  • Administrator NameThe B & G Group Inc.
  • Address55 West Ames Court Suite 400
  • CityPlainview
  • StateNY
  • Zip11803
  • Telephone(516) 576-0400
  • Administrator EIN11-2323882

Audit Information

  • Audit StatusAudited
  • AuditorPrager Metis CPA's LLC
  • Auditor EIN06-1667465
  • 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.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $345,174
Contributions $470,676
Cash Contributions $470,676
Cash from Employers $52,327
Cash from Participants $400,340
Others (including rollovers) $18,009
Noncash Contributions $0
Total Earnings on Investments $-124,443
Total Interest $14,910
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,567
Interest from Other Investments $11,343
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 $-139,353
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 $-1,059
Expenses $616,210
Total Benefit Payments $576,444
Directly to participants or beneficiaries, including direct rollovers $576,444
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $37
Interest expense $0
Total Administrative Expenses $39,729
Professional Fees $0
Contract Administrator Fees $39,729
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-271,036
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $5,160,687 $5,431,723 -4.99%
Total noninterest-bearing cash $547 $0 0.0%
Receivables $0 $12,720 -100.00%
Employer Contributions $0 $1,397 -100.00%
Participant Contributions $0 $11,323 -100.00%
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 $115,313 $62,539 84.39%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $5,044,827 $4,492,888 12.28%
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 $0 $863,576 -100.00%
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 $5,160,687 $5,431,723 -4.99%

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

There are no service providers listed for this plan.

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
Ab Large Cap Growth Fund John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $712,993
500 Index Fund John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $689,841
Reliance Metlife Stable Value John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $570,846
Eaton Vance Atlanta Smid-Cap John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $524,398
Jh Multi-Index Moderate John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $442,940
Jpmorgan Equity Income Fund John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $335,586
Blackrock Lifepath Index 2040 John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $260,385
Invesco Core Plus Bond Fund John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $254,537
Mfs Mid Cap Value Fund John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $140,854
Blackrock Lifepath Index 2035 John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $140,199
T. Rowe Price Qm Us Sc Grth Eq John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $104,607
Blackrock Lifepath Index 2025 John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $96,100
American Century Em Fund John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $95,317
Blackrock Lifepath Index Ret John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $87,400
Vanguard Short-Term Federal John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $84,789
Europacific Growth Fund John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $79,251
Jh Multi-Index Ls Aggressive John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $71,877
Ab High Income Fund John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $70,592
Blackrock Lifepath Index 2020 John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $61,514
Fidelity International Index John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $58,037
Tiaa-Cref Small-Cap Blend Idx John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $27,612
Blackrock Lifepath Index 2050 John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $24,252
Jh Multi-Index Conservative John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $18,724
Blackrock Lifepath Index 2055 John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $18,525
Fidelity Mid Cap Index Fund John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $15,931
Dfa Inflation-Protected Sec John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $14,318
Fidelity Real Estate Index John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $12,990
Blackrock Lifepath Index 2030 John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $11,766
Blackrock Lifepath Index 2045 John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $6,435
Pimco Intl Bond Usd-Hedged John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $5,509
Undiscovered Mgr Behavioral John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $5,370
Blackrock Lifepath Index 2060 John Hancock Life Insurance Company of New York DFE: Pooled Separate Account $1,332
Guardian Advantage Separate Acct L Guardian Insurance and Annuity Co DFE: Pooled Separate Account $0
Total $5,044,827

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company of New York 79
EIN 13-3646501
Industry Code 86375
Contract Number 801905
Contract Year 05/11/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,044,827
Insurance Fees and Commissions $27,192
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Long Island Employee Benefits Group 50 Stewart Avenue Huntington, NY 11743 Third Party Administrator $0 $15,364 TPA FEES AND COMPENSATION
Park Avenue Securities 250 Crossways Park Drive Woodbury, NY 11797 Insurance Agent or Broker $11,525 $0
T. Rowe Price Associates, Inc. 100 East Pratt Street Baltimore, MD 21202 Investment Company/Mutual Fund $0 $303 REDEMPTION FEES
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 GROUP ANNUITY
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0
Guardian Insurance and Annuity Company 0
EIN 13-2656036
Industry Code 78778
Contract Number 605272
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $6,007
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Forest Hills Financial Group Inc 118-35 Queens Boulevard Forest Hills, NY 11375 Insurance Agent or Broker $2,749 $0
Paul J Rosen 2953 Murdock Road Wantagh, NY 11793 Insurance Agent or Broker $2,749 $0
Swbc Investment Advisory Services L 900 South Capital of Texas Austin, TX 78746 Investment Manager/Adviser $0 $509 ADVISORY SERVICES TO PLAN SPONSORS
Allocated Funds
Type of Contract Group Deferred Annuity
Basis of premium rates as Per Rules of Insurance Company
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 Guaranteed Investment
Balance at the end of the previous year $863,576
Additions $69,372
Contributions Deposited during the year $14,750
Dividends and credits $0
Interest credited during the year $11,343
Transferred from separate account $43,279
Other $0
Total of Balance and Additions $932,948
Deductions $932,948
Disbursed from fund to pay benefits or purchase annuities during the year $908,101
Administration charge made by carrier $24,847
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0