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BANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501 401k Plan overview

Plan NameBANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501
Plan identification number 501

BANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501 Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)

401k Sponsoring company profile

BANK OF CENTRAL FLORIDA has sponsored the creation of one or more 401k plans.

Company Name:BANK OF CENTRAL FLORIDA
Employer identification number (EIN):208376899
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012023-01-01

Plan Statistics for BANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501

401k plan membership statisitcs for BANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501

Measure Date Value
2023: BANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501 2023 401k membership
Total participants, beginning-of-year2023-01-0182
Total number of active participants reported on line 7a of the Form 55002023-01-0190
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-0190

Financial Data on BANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501

Measure Date Value
2023 : BANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501 2023 401k financial data
Total plan liabilities at end of year2023-12-31$136,418
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$969,451
Expenses. Total of all expenses incurred2023-12-31$1,038,332
Benefits paid (including direct rollovers)2023-12-31$602,041
Total plan assets at end of year2023-12-31$67,537
Total plan assets at beginning of year2023-12-31$0
Total contributions received or receivable from participants2023-12-31$278,579
Expenses. Other expenses not covered elsewhere2023-12-31$428,948
Contributions received from other sources (not participants or employers)2023-12-31$79
Other income received2023-12-31$906
Net income (gross income less expenses)2023-12-31$-68,881
Net plan assets at end of year (total assets less liabilities)2023-12-31$-68,881
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$689,887
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$7,343

Form 5500 Responses for BANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501

2023: BANK OF CENTRAL FLORIDA GROUP MEDICAL PLAN 501 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01First time form 5500 has been submittedYes
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan funding arrangement – General assets of the sponsorYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2023-01-01Plan benefit arrangement – General assets of the sponsorYes

Insurance Providers Used on plan

UNIMERICA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 91529 )
Policy contract numberUNI-203588
Policy instance 1
Insurance contract or identification numberUNI-203588
Number of Individuals Covered90
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $360,334
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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