Back to top
FORM 5500 DATA

B.V. General, Inc. 401k Salary Reduction Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1994
  • Net Assets as of 12/31/2018 $7,347,311
  • 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) Participants446
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits31
  • Subtotal477
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total477
  • Total number of participants as of 01/01/2018433
  • Number of participants with account balances461
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested21

Expenses

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

Sponsor Information

  • Address1506 S. Glendale Avenue
  • CityGlendale
  • StateCA
  • Zip91205
  • Telephone(818) 247-6200
  • EIN95-4190145
  • Industry Code623000
  • Named AdministratorAlisa Berdnik-Kaplan

Audit Information

  • Audit StatusAudited
  • AuditorGoldfinger Tsikman Accountancy Corp
  • Auditor EIN46-1587174
  • 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.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of 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 $1,000,000
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 $1,176,511
Contributions $1,238,411
Cash Contributions $1,238,411
Cash from Employers $137,153
Cash from Participants $974,759
Others (including rollovers) $126,499
Noncash Contributions $0
Total Earnings on Investments $-61,900
Total Interest $153,653
Interest-Bearing Cash $142,644
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $11,009
Interest from Other Investments $0
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 $-215,553
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 $913,827
Total Benefit Payments $854,505
Directly to participants or beneficiaries, including direct rollovers $854,505
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $13,347
Interest expense $0
Total Administrative Expenses $45,975
Professional Fees $0
Contract Administrator Fees $41,815
Investment Advisory and management fees $0
Other Administrative Fees $4,160
Net Income $262,684
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 $7,347,311 $7,084,627 3.71%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $217,971 $158,068 37.90%
Employer Contributions $137,153 $119,645 14.63%
Participant Contributions $80,818 $38,423 110.34%
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 $209,164 $159,582 31.07%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $3,226,502 $3,323,160 -2.91%
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 $3,693,674 $3,443,817 7.26%
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 $7,347,311 $7,084,627 3.71%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Lincoln National Corporation

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
Lincoln National Corporation Contract Administrator Service Provider $41,816 $0 $41,816
Ascensus Tpa Solutions Recordkeeping and information management (computing, tabulating, data processing, etc.) Third Party Administrator $4,160 $0 $4,160
Total $45,976 $0 $45,976

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
Lnl Sa27 Lvip Ssga S&P 500 Index Lincoln National Corporation DFE: Pooled Separate Account $506,457
Lnl Sa35 Fidelity Vip Contrafund Lincoln National Corporation DFE: Pooled Separate Account $309,087
Lnl Sa14 Federated Government Ultra Lincoln National Corporation DFE: Pooled Separate Account $221,437
Lnl Sa67 Mfs Vit Utilities Series Lincoln National Corporation DFE: Pooled Separate Account $213,565
Lnl Sa23 Ss Russell All Cap Index Lincoln National Corporation DFE: Pooled Separate Account $186,560
Lnl Sa34 American Funds New Perspec Lincoln National Corporation DFE: Pooled Separate Account $158,197
Lnl Sa24 Ss Russell Small/Mid Cap I Lincoln National Corporation DFE: Pooled Separate Account $137,900
Lnl Sa33 Lvip Delaware Social Aware Lincoln National Corporation DFE: Pooled Separate Account $119,475
Lnl Sa61 Delaware Vip Value Lincoln National Corporation DFE: Pooled Separate Account $109,530
Lnl Sa12 Lvip Delaware Bond Lincoln National Corporation DFE: Pooled Separate Account $96,628
Lnl Sa36 Lvip Ssga Smallcap Index Lincoln National Corporation DFE: Pooled Separate Account $74,572
Lnl Sa11 Lvip Dimensional U.S. Core Lincoln National Corporation DFE: Pooled Separate Account $72,922
Lnl Sal7 Lvip Delaware Special Oppo Lincoln National Corporation DFE: Pooled Separate Account $57,283
Lnl Sal9 Ss Russell Large Cap Growt Lincoln National Corporation DFE: Pooled Separate Account $56,508
Lnl Sa17 Columbia Acorn Lincoln National Corporation DFE: Pooled Separate Account $56,060
Lnl Sa22 Lvip Mondrian Int'L Value Lincoln National Corporation DFE: Pooled Separate Account $55,647
Lnl Sa46 American Funds Smallcap Wo Lincoln National Corporation DFE: Pooled Separate Account $55,376
Lnl Sa64 Janus Henderson Enterprise Lincoln National Corporation DFE: Pooled Separate Account $54,972
Lnl Sa81 Blackrock Capital Apprecia Lincoln National Corporation DFE: Pooled Separate Account $53,257
Lnl Sa48 American Funds Growth Fund Lincoln National Corporation DFE: Pooled Separate Account $49,967
Lnl Sa32 Vanguard Lifestrategy Grow Lincoln National Corporation DFE: Pooled Separate Account $45,216
Lnl Sa56 Delaware Vip Small Cap Val Lincoln National Corporation DFE: Pooled Separate Account $45,202
Lnl Sa49 American Funds Investment Lincoln National Corporation DFE: Pooled Separate Account $43,816
Lnl Sa77 Blackrock Energy and Resou Lincoln National Corporation DFE: Pooled Separate Account $43,387
Lnl Sala Ss S&P Midcap Index Non-Le Lincoln National Corporation DFE: Pooled Separate Account $31,665
Lnl Sa19 Lvip Vanguard Domestic Equ Lincoln National Corporation DFE: Pooled Separate Account $30,930
Lnl Sa58 Franklin Growth Lincoln National Corporation DFE: Pooled Separate Account $30,674
Lnl Sa86 Templeton Global Bond Vip Lincoln National Corporation DFE: Pooled Separate Account $28,550
Lnl Sa1X Lvip Baron Growth Opportun Lincoln National Corporation DFE: Pooled Separate Account $27,778
Lnl Sa84 Fidelity Vip Mid Cap Lincoln National Corporation DFE: Pooled Separate Account $24,944
Lnl Sal8 Ss Russell Large Cap Value Lincoln National Corporation DFE: Pooled Separate Account $23,000
Lnl Sa20 Franklin High Income Lincoln National Corporation DFE: Pooled Separate Account $22,737
Lnl Sa28 Invesco Growth and Income Lincoln National Corporation DFE: Pooled Separate Account $21,221
Lnl Sa21 Vanguard Lifestrategy Mode Lincoln National Corporation DFE: Pooled Separate Account $21,218
Lnl Sa39 Alliance Bernstein Vps Sma Lincoln National Corporation DFE: Pooled Separate Account $19,919
Lnl Sa63 Wells Fargo Discovery Fund Lincoln National Corporation DFE: Pooled Separate Account $17,910
Lnl Sa30 Vanguard Lifestrategy Cons Lincoln National Corporation DFE: Pooled Separate Account $16,564
Lnl Sa97 Lvip Delaware Wealth Build Lincoln National Corporation DFE: Pooled Separate Account $12,453
Lnl Sa76 Invesco Small Cap Discover Lincoln National Corporation DFE: Pooled Separate Account $11,485
Lincoln Life Separate Account 4K Lincoln National Corporation DFE: Pooled Separate Account $10,931
Lnl Salm Pimco Total Return Lincoln National Corporation DFE: Pooled Separate Account $8,514
Lnl Sale Blackrock Global Allocatio Lincoln National Corporation DFE: Pooled Separate Account $7,854
Lnl Sa65 Mfs Vit Growth Series Lincoln National Corporation DFE: Pooled Separate Account $7,777
Lincoln Life Separate Account 4K Lincoln National Corporation DFE: Pooled Separate Account $7,308
Lnl Sal5 Lvip Ssga International In Lincoln National Corporation DFE: Pooled Separate Account $4,699
Lnl Sa1C American Funds High-Income Lincoln National Corporation DFE: Pooled Separate Account $4,154
Lnl Sa83 Blackrock Advantage Large Lincoln National Corporation DFE: Pooled Separate Account $2,976
Lnl Sa93 Delaware Vip Diversified I Lincoln National Corporation DFE: Pooled Separate Account $2,631
Lnl Sa57 Lvip Dimensional Us Equity Lincoln National Corporation DFE: Pooled Separate Account $1,855
Lnl Sa59 Lvip Vanguard Internationa Lincoln National Corporation DFE: Pooled Separate Account $1,269
Lnl Sa54 American Funds Europacific Lincoln National Corporation DFE: Pooled Separate Account $1,143
Lnl Sal 2 Lvip T. Rowe Price 2020 F Lincoln National Corporation DFE: Pooled Separate Account $591
Lnl Sa62 Lvip Franklin Templeton Gl Lincoln National Corporation DFE: Pooled Separate Account $326
Lnl Sa92 Lvip Blackrock Inflation P Lincoln National Corporation DFE: Pooled Separate Account $270
Lnl Sa87 Delaware Vip Limitedterm D Lincoln National Corporation DFE: Pooled Separate Account $134
Lnl Sa1E American Funds Bond Fund O Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sa95 Lvip Jpmorgan Retirement I Lincoln National Corporation DFE: Pooled Separate Account $0
Total $3,226,501

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Company 462
EIN 35-0472300
Industry Code 65676
Contract Number GP 52748
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 $35,734
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Planmember Securities Corp. 6187 Carpinteria Ave. Carpinteria, CA 93013 -2805 Agent or Broker other than Insurance $31,606 $0
Ascensus Tpa Solutions 1102 Chestnut Hills Parkway Fort Wayne, IN 46814 -8728 Third Party Administrator $0 $4,128 TPA AWARDS
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 VARIABLE ANNUITY W/ GUAR FUND
Balance at the end of the previous year $3,443,817
Additions $883,199
Contributions Deposited during the year $576,680
Dividends and credits $0
Interest credited during the year $142,644
Transferred from separate account $117,834
Other $46,041
Total of Balance and Additions $4,327,016
Deductions $633,341
Disbursed from fund to pay benefits or purchase annuities during the year $534,111
Administration charge made by carrier $20,067
Transferred to Separate Account $11,931
Other $67,232
Balance at the end of the current year $3,693,675