Civic Intelligence
Filing

Point B Inc. Employee Stock Ownership Plan and Trust

Point B Inc. • EIN 26-3473011 • Plan year 2018

Company ProfileSource Archive
Filing Insights

Participants

Down

772 → 601

-171 • -22.15%

Assets

Up

$68,674,224 → $98,165,726

$29,491,502 • 42.94%

Investment Management Fee

0.00%

$0

Admin expenses $0 • Total expenses $1,038,918

Filing Details

Context
Net investment result
$29,491,502
Accountant opinion
Unqualified opinion
Pension payor EIN
42-0127290

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

No

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

No

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Yes

5% transactions reported

No

All plan assets distributed

No

Benefits paid when due

No

Plan blackout period

No

Plan termination resolution adopted

No

Counterparties
ProviderServicesLocationDirect CompensationRelated
PETERSON SULLIVAN LLPEIN 91-0605875Accountant, Unqualified opinion--Peterson Sullivan LLP

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
20243552$184,731,347$15,453,407$27,995iApproximate average salary by contribution assumption: employee only about $699,883 at 4% or $466,588 at 6%; with 50% employer match about $466,588 at 4% or $311,059 at 6%; with 100% employer match about $349,941 at 4% or $233,294 at 6%.
Point B 401(K) Plan-537$152,189,179$10,207,684$19,009iApproximate average salary by contribution assumption: employee only about $475,218 at 4% or $316,812 at 6%; with 50% employer match about $316,812 at 4% or $211,208 at 6%; with 100% employer match about $237,609 at 4% or $158,406 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-488$32,542,168$5,245,723$10,749iApproximate average salary by contribution assumption: employee only about $268,736 at 4% or $179,157 at 6%; with 50% employer match about $179,157 at 4% or $119,438 at 6%; with 100% employer match about $134,368 at 4% or $89,579 at 6%.
Group Health and Welfare Plan-552---
202331,416$211,839,886$24,767,428$17,491iApproximate average salary by contribution assumption: employee only about $437,278 at 4% or $291,519 at 6%; with 50% employer match about $291,519 at 4% or $194,346 at 6%; with 100% employer match about $218,639 at 4% or $145,759 at 6%.
Point B 401(K) Plan-671$149,166,564$18,153,837$27,055iApproximate average salary by contribution assumption: employee only about $676,372 at 4% or $450,915 at 6%; with 50% employer match about $450,915 at 4% or $300,610 at 6%; with 100% employer match about $338,186 at 4% or $225,457 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-620$62,673,322$6,613,591$10,667iApproximate average salary by contribution assumption: employee only about $266,677 at 4% or $177,785 at 6%; with 50% employer match about $177,785 at 4% or $118,523 at 6%; with 100% employer match about $133,339 at 4% or $88,892 at 6%.
Group Health and Welfare Plan-1,416---
20223967$270,900,439$26,528,630$27,434iApproximate average salary by contribution assumption: employee only about $685,849 at 4% or $457,233 at 6%; with 50% employer match about $457,233 at 4% or $304,822 at 6%; with 100% employer match about $342,924 at 4% or $228,616 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-645$142,690,764$3,289,460$5,100iApproximate average salary by contribution assumption: employee only about $127,498 at 4% or $84,999 at 6%; with 50% employer match about $84,999 at 4% or $56,666 at 6%; with 100% employer match about $63,749 at 4% or $42,499 at 6%.
Point B 401(K) Plan-967$128,209,675$23,239,170$24,032iApproximate average salary by contribution assumption: employee only about $600,806 at 4% or $400,537 at 6%; with 50% employer match about $400,537 at 4% or $267,025 at 6%; with 100% employer match about $300,403 at 4% or $200,269 at 6%.
Group Health and Welfare Plan-938---
20213790$409,670,227$15,131,151$19,153iApproximate average salary by contribution assumption: employee only about $478,834 at 4% or $319,223 at 6%; with 50% employer match about $319,223 at 4% or $212,815 at 6%; with 100% employer match about $239,417 at 4% or $159,611 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-588$261,715,027$2,500,000$4,252iApproximate average salary by contribution assumption: employee only about $106,293 at 4% or $70,862 at 6%; with 50% employer match about $70,862 at 4% or $47,241 at 6%; with 100% employer match about $53,146 at 4% or $35,431 at 6%.
Point B 401(K) Plan-790$147,955,200$12,631,151$15,989iApproximate average salary by contribution assumption: employee only about $399,720 at 4% or $266,480 at 6%; with 50% employer match about $266,480 at 4% or $177,653 at 6%; with 100% employer match about $199,860 at 4% or $133,240 at 6%.
Group Health and Welfare Plan-790---
20203753$274,449,845$18,518,290$24,593iApproximate average salary by contribution assumption: employee only about $614,817 at 4% or $409,878 at 6%; with 50% employer match about $409,878 at 4% or $273,252 at 6%; with 100% employer match about $307,409 at 4% or $204,939 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-719$140,429,832$5,830,000$8,108iApproximate average salary by contribution assumption: employee only about $202,712 at 4% or $135,141 at 6%; with 50% employer match about $135,141 at 4% or $90,094 at 6%; with 100% employer match about $101,356 at 4% or $67,571 at 6%.
Point B 401(K) Plan-753$134,020,013$12,688,290$16,850iApproximate average salary by contribution assumption: employee only about $421,258 at 4% or $280,839 at 6%; with 50% employer match about $280,839 at 4% or $187,226 at 6%; with 100% employer match about $210,629 at 4% or $140,419 at 6%.
Group Health and Welfare Plan-664---
20194847$220,991,973$18,154,826$21,434iApproximate average salary by contribution assumption: employee only about $535,857 at 4% or $357,238 at 6%; with 50% employer match about $357,238 at 4% or $238,159 at 6%; with 100% employer match about $267,928 at 4% or $178,619 at 6%.
Point B 401(K) Plan-847$119,404,729$12,267,994$14,484iApproximate average salary by contribution assumption: employee only about $362,101 at 4% or $241,401 at 6%; with 50% employer match about $241,401 at 4% or $160,934 at 6%; with 100% employer match about $181,051 at 4% or $120,700 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-640$101,587,244$5,886,832$9,198iApproximate average salary by contribution assumption: employee only about $229,954 at 4% or $153,303 at 6%; with 50% employer match about $153,303 at 4% or $102,202 at 6%; with 100% employer match about $114,977 at 4% or $76,651 at 6%.
Group Health and Welfare Plan-814---
Point B Inc. Flexible Benefits Plan-0---
20184747$190,543,055$17,291,638$23,148iApproximate average salary by contribution assumption: employee only about $578,703 at 4% or $385,802 at 6%; with 50% employer match about $385,802 at 4% or $257,201 at 6%; with 100% employer match about $289,351 at 4% or $192,901 at 6%.
Point B Inc. Employee Stock Ownership Plan and TrustCurrent601$98,165,726$5,556,000$9,245iApproximate average salary by contribution assumption: employee only about $231,115 at 4% or $154,077 at 6%; with 50% employer match about $154,077 at 4% or $102,718 at 6%; with 100% employer match about $115,557 at 4% or $77,038 at 6%.
Point B 401(K) Plan-747$92,377,329$11,735,638$15,710iApproximate average salary by contribution assumption: employee only about $392,759 at 4% or $261,839 at 6%; with 50% employer match about $261,839 at 4% or $174,560 at 6%; with 100% employer match about $196,379 at 4% or $130,920 at 6%.
Group Health and Welfare Plan-743---
Point B Inc. Flexible Benefits Plan-264---
20174705$159,209,589$15,317,456$21,727iApproximate average salary by contribution assumption: employee only about $543,172 at 4% or $362,115 at 6%; with 50% employer match about $362,115 at 4% or $241,410 at 6%; with 100% employer match about $271,586 at 4% or $181,057 at 6%.
Point B 401(K) Plan-705$90,535,365$10,271,456$14,569iApproximate average salary by contribution assumption: employee only about $364,236 at 4% or $242,824 at 6%; with 50% employer match about $242,824 at 4% or $161,883 at 6%; with 100% employer match about $182,118 at 4% or $121,412 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-538$68,674,224$5,046,000$9,379iApproximate average salary by contribution assumption: employee only about $234,480 at 4% or $156,320 at 6%; with 50% employer match about $156,320 at 4% or $104,213 at 6%; with 100% employer match about $117,240 at 4% or $78,160 at 6%.
Group Health and Welfare Plan-691---
Point B Inc. Flexible Benefits Plan-269---
20164627$129,429,123$12,198,717$19,456iApproximate average salary by contribution assumption: employee only about $486,392 at 4% or $324,261 at 6%; with 50% employer match about $324,261 at 4% or $216,174 at 6%; with 100% employer match about $243,196 at 4% or $162,131 at 6%.
Point B 401(K) Plan-627$71,605,615$7,674,717$12,240iApproximate average salary by contribution assumption: employee only about $306,009 at 4% or $204,006 at 6%; with 50% employer match about $204,006 at 4% or $136,004 at 6%; with 100% employer match about $153,005 at 4% or $102,003 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-486$57,823,508$4,524,000$9,309iApproximate average salary by contribution assumption: employee only about $232,716 at 4% or $155,144 at 6%; with 50% employer match about $155,144 at 4% or $103,429 at 6%; with 100% employer match about $116,358 at 4% or $77,572 at 6%.
Point B Inc. Flexible Benefits Plan-331---
Group Health and Welfare Plan-503---
20154580$107,673,077$11,439,119$19,723iApproximate average salary by contribution assumption: employee only about $493,065 at 4% or $328,710 at 6%; with 50% employer match about $328,710 at 4% or $219,140 at 6%; with 100% employer match about $246,533 at 4% or $164,355 at 6%.
Point B 401(K) Plan-580$64,955,807$7,507,434$12,944iApproximate average salary by contribution assumption: employee only about $323,596 at 4% or $215,731 at 6%; with 50% employer match about $215,731 at 4% or $143,821 at 6%; with 100% employer match about $161,798 at 4% or $107,865 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-453$42,717,270$3,931,685$8,679iApproximate average salary by contribution assumption: employee only about $216,980 at 4% or $144,654 at 6%; with 50% employer match about $144,654 at 4% or $96,436 at 6%; with 100% employer match about $108,490 at 4% or $72,327 at 6%.
Group Health and Welfare Plan-527---
Point B Inc. Flexible Benefits Plan-391---
20144558$89,622,794$10,087,385$18,078iApproximate average salary by contribution assumption: employee only about $451,944 at 4% or $301,296 at 6%; with 50% employer match about $301,296 at 4% or $200,864 at 6%; with 100% employer match about $225,972 at 4% or $150,648 at 6%.
Point B 401(K) Plan-558$62,888,340$6,586,884$11,804iApproximate average salary by contribution assumption: employee only about $295,111 at 4% or $196,741 at 6%; with 50% employer match about $196,741 at 4% or $131,161 at 6%; with 100% employer match about $147,556 at 4% or $98,370 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-415$26,734,454$3,500,501$8,435iApproximate average salary by contribution assumption: employee only about $210,874 at 4% or $140,582 at 6%; with 50% employer match about $140,582 at 4% or $93,722 at 6%; with 100% employer match about $105,437 at 4% or $70,291 at 6%.
Group Health and Welfare Plan-514---
Point B Inc. Flexible Benefits Plan-380---
20133497$69,818,506$9,197,439$18,506iApproximate average salary by contribution assumption: employee only about $462,648 at 4% or $308,432 at 6%; with 50% employer match about $308,432 at 4% or $205,621 at 6%; with 100% employer match about $231,324 at 4% or $154,216 at 6%.
Point B 401(K) Plan-497$54,938,625$6,697,439$13,476iApproximate average salary by contribution assumption: employee only about $336,893 at 4% or $224,596 at 6%; with 50% employer match about $224,596 at 4% or $149,730 at 6%; with 100% employer match about $168,447 at 4% or $112,298 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-376$14,879,881$2,500,000$6,649iApproximate average salary by contribution assumption: employee only about $166,223 at 4% or $110,816 at 6%; with 50% employer match about $110,816 at 4% or $73,877 at 6%; with 100% employer match about $83,112 at 4% or $55,408 at 6%.
Point B Inc. Flexible Benefits Plan-360---
20124477$56,798,599$7,657,998$16,055iApproximate average salary by contribution assumption: employee only about $401,363 at 4% or $267,575 at 6%; with 50% employer match about $267,575 at 4% or $178,383 at 6%; with 100% employer match about $200,681 at 4% or $133,788 at 6%.
Point B 401(K) Plan-477$41,005,780$5,657,998$11,862iApproximate average salary by contribution assumption: employee only about $296,541 at 4% or $197,694 at 6%; with 50% employer match about $197,694 at 4% or $131,796 at 6%; with 100% employer match about $148,270 at 4% or $98,847 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-367$15,792,819$2,000,000$5,450iApproximate average salary by contribution assumption: employee only about $136,240 at 4% or $90,827 at 6%; with 50% employer match about $90,827 at 4% or $60,551 at 6%; with 100% employer match about $68,120 at 4% or $45,413 at 6%.
Point B Inc. Flexible Benefits Plan-338---
Group Health and Welfare Plan-436---
20114431$49,336,660$7,744,562$17,969iApproximate average salary by contribution assumption: employee only about $449,221 at 4% or $299,480 at 6%; with 50% employer match about $299,480 at 4% or $199,654 at 6%; with 100% employer match about $224,610 at 4% or $149,740 at 6%.
Point B 401(K) Plan-431$33,165,456$4,744,562$11,008iApproximate average salary by contribution assumption: employee only about $275,207 at 4% or $183,471 at 6%; with 50% employer match about $183,471 at 4% or $122,314 at 6%; with 100% employer match about $137,603 at 4% or $91,736 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-336$16,171,204$3,000,000$8,929iApproximate average salary by contribution assumption: employee only about $223,214 at 4% or $148,810 at 6%; with 50% employer match about $148,810 at 4% or $99,206 at 6%; with 100% employer match about $111,607 at 4% or $74,405 at 6%.
Group Health and Welfare Plan-416---
Point B Inc. Flexible Benefits Plan-373---
20104401$42,027,169$7,832,834$19,533iApproximate average salary by contribution assumption: employee only about $488,331 at 4% or $325,554 at 6%; with 50% employer match about $325,554 at 4% or $217,036 at 6%; with 100% employer match about $244,166 at 4% or $162,777 at 6%.
Point B 401(K) Plan-401$31,230,895$4,776,233$11,911iApproximate average salary by contribution assumption: employee only about $297,770 at 4% or $198,513 at 6%; with 50% employer match about $198,513 at 4% or $132,342 at 6%; with 100% employer match about $148,885 at 4% or $99,257 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-320$10,796,274$3,056,601$9,552iApproximate average salary by contribution assumption: employee only about $238,797 at 4% or $159,198 at 6%; with 50% employer match about $159,198 at 4% or $106,132 at 6%; with 100% employer match about $119,398 at 4% or $79,599 at 6%.
Group Health and Welfare Plan-393---
Point B Inc. Flexible Benefits Plan-341---
20093346$8,679,981$3,000,000$8,671iApproximate average salary by contribution assumption: employee only about $216,763 at 4% or $144,509 at 6%; with 50% employer match about $144,509 at 4% or $96,339 at 6%; with 100% employer match about $108,382 at 4% or $72,254 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-343$8,679,981$3,000,000$8,746iApproximate average salary by contribution assumption: employee only about $218,659 at 4% or $145,773 at 6%; with 50% employer match about $145,773 at 4% or $97,182 at 6%; with 100% employer match about $109,329 at 4% or $72,886 at 6%.
Group Health and Welfare Plan-346---
Point B Inc. Flexible Benefits Plan-285---
20082381$13,920,000$3,000,000$7,874iApproximate average salary by contribution assumption: employee only about $196,850 at 4% or $131,234 at 6%; with 50% employer match about $131,234 at 4% or $87,489 at 6%; with 100% employer match about $98,425 at 4% or $65,617 at 6%.
Point B Inc. Employee Stock Ownership Plan and Trust-381$13,920,000$3,000,000$7,874iApproximate average salary by contribution assumption: employee only about $196,850 at 4% or $131,234 at 6%; with 50% employer match about $131,234 at 4% or $87,489 at 6%; with 100% employer match about $98,425 at 4% or $65,617 at 6%.
Group Health and Welfare Plan-373---
Schedule Details

Schedule C

Schedule C Provider

Provider 1

Provider details

Source fields
Row 1
Excluded provider reported
No

Schedule H

Schedule H Financial Statement

Large plan result

Assets, contributions, fees, audit, and compliance fields reported for this large-plan filing.

End-of-year assets$98,165,726$29,491,502 change

Balance Sheet

Beginning and end of plan year.

Total assets$68,674,224$98,165,726Increase +$29,491,502 (42.94%)
Total liabilities$0$0No change $0
Net assets$68,674,224$98,165,726Increase +$29,491,502 (42.94%)

Contributions

Employer contributions$0
Participant contributions$0
Other contributions$0
Total contributions$5,556,000

Income & Investment Result

Total income$30,530,420
Interest$103,565
Dividends$118,288
Net income$29,491,502

Expenses & Fees

Benefits paid$1,038,918
Investment management$0
Administrative expenses$0
Total expenses$1,038,918

Accountant

FirmPETERSON SULLIVAN LLP
Firm EIN91-0605875
OpinionUnqualified opinion

Compliance

Fidelity bondYes
Fidelity bond amount$1,000,000
Late contributionsNo
Schedule H source fields
Financial summary
Total assets at beginning of year: $68,674,224Total assets at end of year: $98,165,726Total liabilities at end of year: $0Net income or loss: $29,491,502
Schedule H Plan Year Begin Date
2018-01-01
Schedule H Tax Period
2018-12-31
Schedule H Plan number
002
Schedule H EIN
26-3473011
Employer Contribution Beginning of year Amount
$5,046,000
Participants Contribution Beginning of year Amount
$0
Other Receivables Beginning of year Amount
$4,376
Interest Bear Cash Beginning of year Amount
$4,667,421
Interest in registered investment companies at beginning of year
$5,329,843
Employer Sec Beginning of year Amount
$53,626,584
Total assets at beginning of year
$68,674,224
Bnfts Payable Beginning of year Amount
$0
Oprtng Payable Beginning of year Amount
$0
Acquis Indbt Beginning of year Amount
$0
Other Liability Beginning of year Amount
$0
Total liabilities at beginning of year
$0
Net assets at beginning of year
$68,674,224
Employer Contribution End of year Amount
$5,556,000
Participants Contribution End of year Amount
$0
Other Receivables End of year Amount
$13,011
Interest Bear Cash End of year Amount
$6,965,017
Interest in registered investment companies at end of year
$5,177,653
Employer Sec End of year Amount
$80,454,045
Total assets at end of year
$98,165,726
Total liabilities at end of year
$0
Net assets at end of year
$98,165,726
Employer contributions
$0
Participant contributions
$0
Oth Contribution Rcvd Amount
$0
Non Cash Contribution Bs Amount
$5,556,000
Total contributions
$5,556,000
Interest Bear Cash Amount
$103,565
Interest On Govt Sec Amount
$0
Interest On Corp Debt Amount
$0
Interest On Oth Loans Amount
$0
Interest On Oth Investment Amount
$0
Total interest income
$103,565
Divnd Pref Stock Amount
$0
Divnd Common Stock Amount
$0
Registered investment income
$118,288
Total dividend income
$118,288
Total Rents Amount
$0
Aggregate Proceeds Amount
$0
Aggregate Costs Amount
$0
Net gain or loss on sale of assets
$0
Unrealized Apprctn Re Amount
$0
Unrealized Apprctn Oth Amount
$24,752,567
Net unrealized appreciation or depreciation
$24,752,567
Gain Loss Com Trust Amount
$0
Gain Loss Pool Sep Amount
$0
Gain Loss Master Tr Amount
$0
Gain Loss 103 12 Investment Amount
$0
Gain or loss on registered investments
$0
Other Income Amount
$0
Total income
$30,530,420
Participant distributions
$1,038,918
Ins Carrier Bnfts Amount
$0
Oth Bnft Payment Amount
$0
Total benefit distributions
$1,038,918
Total Corrective Distribution Amount
$0
Total Interest Expense Amount
$0
Professional Fees Amount
$0
Contract Admin Fees Amount
$0
Investment management fees
$0
Other Admin Fees Amount
$0
Total administrative expenses
$0
Total expenses
$1,038,918
Net income or loss
$29,491,502
Total Transfers To Amount
$0
Accountant opinion type
Unqualified opinion
Account Performed Limited Audit Indicator
No
Accountant firm name
PETERSON SULLIVAN LLP
Accountant firm EIN
91-0605875
Failed to transmit participant contributions on time
No
Fail Transmit Contribution Amount
$0
Participant loans in default
No
Loans In Default Amount
$0
Leases in default
No
Leases In Default Amount
$0
Nonexempt transactions with parties in interest
No
Party In Interest Not Reported Amount
$0
Fidelity bond in place
Yes
Fidelity bond amount
$1,000,000
Loss discovered during year
No
Assets with undetermined value
No
Non-cash contributions reported
No
Assets held for investment
Yes
Reportable 5% transactions
No
All plan assets distributed
No
Failed to provide benefits when due
No
Blackout period occurred
No
Resolution to terminate plan adopted
No

Schedule R

Schedule R Pension Information

Retirement plan characteristics

Testing, payor, opinion-letter, and transfer information reported with the filing.

Pension & Payor

Payor EIN42-0127290

Transfers

Liabilities in multiple plansNo
Distributed property value$0
Schedule R source fields
Payor 42-0127290
Schedule R Plan Year Begin Date
2018-01-01
Schedule R Tax Period
2018-12-31
Schedule R Plan number
002
Schedule R EIN
26-3473011
Pension Value Dstrb Pd Property Amount
$0
Pension payor EIN
42-0127290
Pension Sec Repay Loan Indicator
No
Esop Pref Indicator
No
Esop Back To Back Indicator
No
Esop Stock Not Tradable Indicator
Yes
Liability shared by multiple plans
No

Filing received by DOL Jul 22, 2019