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PALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN 401k Plan overview

Plan NamePALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN
Plan identification number 510

PALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

PALM BEACH COUNTY MEDICAL SOCIETY, INC. has sponsored the creation of one or more 401k plans.

Company Name:PALM BEACH COUNTY MEDICAL SOCIETY, INC.
Employer identification number (EIN):300130804
NAIC Classification:561110
NAIC Description:Office Administrative Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5102021-03-01KELLY SKIDMORE2022-11-29
5102021-03-01KELLY SKIDMORE2023-07-06
5102020-03-01KELLY SKIDMORE2021-12-03

Plan Statistics for PALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN

401k plan membership statisitcs for PALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN

Measure Date Value
2021: PALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN 2021 401k membership
Total participants, beginning-of-year2021-03-01199
Total number of active participants reported on line 7a of the Form 55002021-03-01230
Number of retired or separated participants receiving benefits2021-03-010
Number of other retired or separated participants entitled to future benefits2021-03-010
Total of all active and inactive participants2021-03-01230
Number of employers contributing to the scheme2021-03-010
2020: PALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN 2020 401k membership
Total participants, beginning-of-year2020-03-01199
Total number of active participants reported on line 7a of the Form 55002020-03-01199
Number of retired or separated participants receiving benefits2020-03-010
Number of other retired or separated participants entitled to future benefits2020-03-010
Total of all active and inactive participants2020-03-01199
Number of employers contributing to the scheme2020-03-010

Form 5500 Responses for PALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN

2021: PALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN 2021 form 5500 responses
2021-03-01Type of plan entityMulitple employer plan
2021-03-01Submission has been amendedYes
2021-03-01This submission is the final filingYes
2021-03-01Plan funding arrangement – InsuranceYes
2021-03-01Plan benefit arrangement – InsuranceYes
2020: PALM BEACH COUNTY MEDICAL SOCIETY, INC EMPLOYEE ANCILLARY BENEFIT(S) PLAN 2020 form 5500 responses
2020-03-01Type of plan entityMulitple employer plan
2020-03-01First time form 5500 has been submittedYes
2020-03-01Plan funding arrangement – InsuranceYes
2020-03-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

STARMOUNT LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68985 )
Policy contract number640354
Policy instance 1
Insurance contract or identification number640354
Number of Individuals Covered126
Insurance policy start date2021-03-01
Insurance policy end date2022-02-28
Total amount of commissions paid to insurance brokerUSD $12,276
Total amount of fees paid to insurance companyUSD $61
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $79,377
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $8,245
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerADDITIONAL COMPENSATION
UNUM LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 62235 )
Policy contract number608121
Policy instance 2
Insurance contract or identification number608121
Number of Individuals Covered190
Insurance policy start date2021-03-01
Insurance policy end date2022-02-28
Total amount of commissions paid to insurance brokerUSD $16,189
Total amount of fees paid to insurance companyUSD $562
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $97,882
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $11,927
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerADDITIONAL COMPENSATION
STARMOUNT LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68985 )
Policy contract number640354
Policy instance 1
Insurance contract or identification number640354
Number of Individuals Covered135
Insurance policy start date2020-03-01
Insurance policy end date2021-02-28
Total amount of commissions paid to insurance brokerUSD $12,979
Total amount of fees paid to insurance companyUSD $3,366
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $83,148
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $8,689
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerADDITIONAL COMPENSATION
UNUM LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 62235 )
Policy contract number608121
Policy instance 2
Insurance contract or identification number608121
Number of Individuals Covered199
Insurance policy start date2020-03-01
Insurance policy end date2021-02-28
Total amount of commissions paid to insurance brokerUSD $17,482
Total amount of fees paid to insurance companyUSD $3,401
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $85,033
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $13,229
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerADDITIONAL COMPENSATION

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