Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Billings Flying Service, Inc. 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA β€” verify with linked source filings below.

Sponsored by Billings Flying Service, Inc. Β· Montana Β· Transportation & Warehousing

What the 2023 filing shows

Billings Flying Service, Inc. 401(k) Plan holds $3M for 124 participants - about $22,206 per participant, down 5.4% over the 2022 plan year.

$3M
total plan assets (2022 EOY)
124
covered participants
$22,206
avg assets per participant
-5.4%
assets change YoY

The plan reported a net loss of $158K for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$3M
Participants
124
State
Industry
Transportation & Warehousing

What the Filing Says About Billings Flying Service, Inc. 401(k) Plan

Billings Flying Service, Inc. 401(k) Plan is a Profit Sharing retirement plan sponsored by Billings Flying Service, Inc., headquartered in Montana. As of the 2022 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 124 participants across the Transportation & Warehousing industry. The sponsor's EIN on file with the U.S. Department of Labor is 810414845, and the plan has been effective since 2015-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $3M at the beginning of 2022 to $3M at year-end β€” a decline of 5.4%. Net assets (after liabilities) closed the year at $3M, with reported net income of $-158,026 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows β€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$3M
Total Assets (End of Year)$3M
Net Assets (End of Year)$3M
Net Income$-158,026
Plan TypeProfit Sharing
Employer EIN810414845
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Billings Flying Service, Inc.)

Year Plans Participants Total Assets
2022 1 124 $3M
2023 1 131 $4M
2024 1 142 $5M

Nearby Profit Sharing Plans in Montana

Peer Profit Sharing plans β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the Billings Flying Service, Inc. 401(k) Plan?
As of the 2022 Form 5500 filing, Billings Flying Service, Inc. 401(k) Plan holds $3M in total assets with 124 participants. It is sponsored by Billings Flying Service, Inc..
What type of plan is Billings Flying Service, Inc. 401(k) Plan?
Billings Flying Service, Inc. 401(k) Plan is a Profit Sharing plan. It has been effective since 2015-01-01. The plan is filed with the U.S. Department of Labor under EIN 810414845.
Who sponsors the Billings Flying Service, Inc. 401(k) Plan?
Billings Flying Service, Inc. 401(k) Plan is sponsored by Billings Flying Service, Inc., located in Montana. The sponsor's EIN is 810414845 and the plan operates in the Transportation & Warehousing industry.
How did Billings Flying Service, Inc. 401(k) Plan perform in 2022?
Billings Flying Service, Inc. 401(k) Plan declined by 5.4% during 2022, moving from $3M to $3M in total assets. Net income was $-158,026.
Where can I find official filings for Billings Flying Service, Inc. 401(k) Plan?
Official Form 5500 filings for Billings Flying Service, Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 810414845 or plan name at efast.dol.gov.
How does Billings Flying Service, Inc. 401(k) Plan compare to other plans?
You can compare Billings Flying Service, Inc. 401(k) Plan against other Profit Sharing plans on the plan type page, or view plans in Montana on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) β€” original filing retrieval by EIN 810414845.

Reference: IRS Publication 560 β€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B β€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.