401k Plan data: NORMAN COTTON INSURANCE, LLC 401(K) PLAN plan

NORMAN COTTON INSURANCE, LLC 401(K) PLAN 401k Plan overview

Plan Name	NORMAN COTTON INSURANCE, LLC 401(K) PLAN
Plan identification number	001

NORMAN COTTON INSURANCE, LLC 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
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.
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.
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 contribtions 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

401k Sponsoring company profile

NORMAN COTTON INSURANCE, LLC has sponsored the creation of one or more 401k plans.

Company Name: NORMAN COTTON INSURANCE, LLC

Employer identification number (EIN): 454912278

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORMAN COTTON INSURANCE, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 NORMAN D. COTTON, JR. 2023-07-17 NORMAN D. COTTON, JR. 2023-07-17
001 2021-01-01 NORMAN D. COTTON, JR. 2022-07-25
001 2020-01-01 NORMAN D. COTTON, JR. 2021-07-25 NORMAN D. COTTON, JR. 2021-07-25
001 2019-01-01 NORMAN D. COTTON, JR. 2020-07-24 NORMAN D. COTTON, JR. 2020-07-24
001 2018-01-01 NORMAN D. COTTON, JR. 2019-07-22 NORMAN D. COTTON, JR. 2019-07-22
001 2017-01-01 NORMAN D. COTTON, JR. NORMAN D. COTTON, JR. 2018-07-21
001 2016-01-01 NORMAN D. COTTON, JR. NORMAN D. COTTON, JR. 2017-07-15
001 2015-01-01 NORMAN D. COTTON, JR. NORMAN D. COTTON, JR. 2016-07-15
001 2014-01-01 NORMAN D. COTTON, JR. NORMAN D. COTTON, JR. 2015-06-15
001 2013-01-01 NORMAN D. COTTON, JR. NORMAN D. COTTON, JR. 2014-07-19
001 2012-12-01 NORMAN D. COTTON, JR. NORMAN D. COTTON, JR. 2013-07-23

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	NORMAN D. COTTON, JR.	2023-07-17	NORMAN D. COTTON, JR.	2023-07-17
001	2021-01-01	NORMAN D. COTTON, JR.	2022-07-25
001	2020-01-01	NORMAN D. COTTON, JR.	2021-07-25	NORMAN D. COTTON, JR.	2021-07-25
001	2019-01-01	NORMAN D. COTTON, JR.	2020-07-24	NORMAN D. COTTON, JR.	2020-07-24
001	2018-01-01	NORMAN D. COTTON, JR.	2019-07-22	NORMAN D. COTTON, JR.	2019-07-22
001	2017-01-01	NORMAN D. COTTON, JR.		NORMAN D. COTTON, JR.	2018-07-21
001	2016-01-01	NORMAN D. COTTON, JR.		NORMAN D. COTTON, JR.	2017-07-15
001	2015-01-01	NORMAN D. COTTON, JR.		NORMAN D. COTTON, JR.	2016-07-15
001	2014-01-01	NORMAN D. COTTON, JR.		NORMAN D. COTTON, JR.	2015-06-15
001	2013-01-01	NORMAN D. COTTON, JR.		NORMAN D. COTTON, JR.	2014-07-19
001	2012-12-01	NORMAN D. COTTON, JR.		NORMAN D. COTTON, JR.	2013-07-23

Plan Statistics for NORMAN COTTON INSURANCE, LLC 401(K) PLAN

401k plan membership statisitcs for NORMAN COTTON INSURANCE, LLC 401(K) PLAN

Measure Date Value
2017: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 5
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 5
Number of participants with account balances 2017-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 5
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 5
Number of participants with account balances 2016-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 5
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 5
Number of participants with account balances 2015-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 5
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 5
Number of participants with account balances 2014-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 5
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 5
Number of participants with account balances 2013-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-12-01 0
Total number of active participants reported on line 7a of the Form 5500 2012-12-01 4
Number of retired or separated participants receiving benefits 2012-12-01 0
Number of other retired or separated participants entitled to future benefits 2012-12-01 0
Total of all active and inactive participants 2012-12-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-12-01 0
Total participants 2012-12-01 4
Number of participants with account balances 2012-12-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-12-01 0

Measure	Date	Value
2017: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	5
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	5
Number of participants with account balances	2017-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	5
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	5
Number of participants with account balances	2016-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	5
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	5
Number of participants with account balances	2015-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	5
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	5
Number of participants with account balances	2014-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	5
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	5
Number of participants with account balances	2013-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-12-01	0
Total number of active participants reported on line 7a of the Form 5500	2012-12-01	4
Number of retired or separated participants receiving benefits	2012-12-01	0
Number of other retired or separated participants entitled to future benefits	2012-12-01	0
Total of all active and inactive participants	2012-12-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-12-01	0
Total participants	2012-12-01	4
Number of participants with account balances	2012-12-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-12-01	0

Financial Data on NORMAN COTTON INSURANCE, LLC 401(K) PLAN

Measure	Date	Value
2017 : NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$94,018
Total plan assets at end of year	2017-12-31	$354,787
Total plan assets at beginning of year	2017-12-31	$260,769
Value of fidelity bond covering the plan	2017-12-31	$30,000
Total contributions received or receivable from participants	2017-12-31	$47,520
Other income received	2017-12-31	$35,682
Net income (gross income less expenses)	2017-12-31	$94,018
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$354,787
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$260,769
Total contributions received or receivable from employer(s)	2017-12-31	$10,816
2016 : NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$63,672
Total plan assets at end of year	2016-12-31	$260,769
Total plan assets at beginning of year	2016-12-31	$197,097
Value of fidelity bond covering the plan	2016-12-31	$10,000
Total contributions received or receivable from participants	2016-12-31	$33,905
Other income received	2016-12-31	$19,723
Net income (gross income less expenses)	2016-12-31	$63,672
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$260,769
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$197,097
Total contributions received or receivable from employer(s)	2016-12-31	$10,044
2015 : NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$64,780
Total plan assets at end of year	2015-12-31	$197,097
Total plan assets at beginning of year	2015-12-31	$132,317
Value of fidelity bond covering the plan	2015-12-31	$10,000
Total contributions received or receivable from participants	2015-12-31	$58,522
Other income received	2015-12-31	$-4,793
Net income (gross income less expenses)	2015-12-31	$64,780
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$197,097
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$132,317
Total contributions received or receivable from employer(s)	2015-12-31	$11,051
2014 : NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$66,210
Total plan assets at end of year	2014-12-31	$132,317
Total plan assets at beginning of year	2014-12-31	$66,107
Value of fidelity bond covering the plan	2014-12-31	$10,000
Total contributions received or receivable from participants	2014-12-31	$53,200
Other income received	2014-12-31	$2,303
Net income (gross income less expenses)	2014-12-31	$66,210
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$132,317
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$66,107
Total contributions received or receivable from employer(s)	2014-12-31	$10,707
2013 : NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$60,839
Total plan assets at end of year	2013-12-31	$66,107
Total plan assets at beginning of year	2013-12-31	$5,268
Value of fidelity bond covering the plan	2013-12-31	$10,000
Total contributions received or receivable from participants	2013-12-31	$49,971
Other income received	2013-12-31	$280
Net income (gross income less expenses)	2013-12-31	$60,839
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$66,107
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$5,268
Total contributions received or receivable from employer(s)	2013-12-31	$10,588
2012 : NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$5,268
Total plan assets at end of year	2012-12-31	$5,268
Total plan assets at beginning of year	2012-12-31	$0
Value of fidelity bond covering the plan	2012-12-31	$10,000
Net income (gross income less expenses)	2012-12-31	$5,268
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$5,268
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$0
Total contributions received or receivable from employer(s)	2012-12-31	$5,268

Form 5500 Responses for NORMAN COTTON INSURANCE, LLC 401(K) PLAN

2017: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: NORMAN COTTON INSURANCE, LLC 401(K) PLAN 2012 form 5500 responses
2012-12-01	Type of plan entity	Single employer plan
2012-12-01	First time form 5500 has been submitted	Yes
2012-12-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2012-12-01	Plan funding arrangement – Trust	Yes
2012-12-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NORMAN COTTON INSURANCE, LLC
Employer identification number (EIN):	454912278
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages