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BIG IRON AUCTION COMPANY LIFE AND ADD PLAN 401k Plan overview

Plan NameBIG IRON AUCTION COMPANY LIFE AND ADD PLAN
Plan identification number 501

BIG IRON AUCTION COMPANY LIFE AND ADD PLAN Benefits

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

BIG IRON AUCTION COMPANY has sponsored the creation of one or more 401k plans.

Company Name:BIG IRON AUCTION COMPANY
Employer identification number (EIN):481306243
NAIC Classification:531210
NAIC Description:Offices of Real Estate Agents and Brokers

Additional information about BIG IRON AUCTION COMPANY

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2010-11-22
Company Identification Number: 0801346993
Legal Registered Office Address: 210 BEAVER ST

SAINT EDWARD
United States of America (USA)
68660

More information about BIG IRON AUCTION COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BIG IRON AUCTION COMPANY LIFE AND ADD PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012021-01-01JONI KONWINSKI2022-03-21

Plan Statistics for BIG IRON AUCTION COMPANY LIFE AND ADD PLAN

401k plan membership statisitcs for BIG IRON AUCTION COMPANY LIFE AND ADD PLAN

Measure Date Value
2021: BIG IRON AUCTION COMPANY LIFE AND ADD PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01107
Total number of active participants reported on line 7a of the Form 55002021-01-01152
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-01152
Number of employers contributing to the scheme2021-01-010

Form 5500 Responses for BIG IRON AUCTION COMPANY LIFE AND ADD PLAN

2021: BIG IRON AUCTION COMPANY LIFE AND ADD PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01First time form 5500 has been submittedYes
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1120658
Policy instance 1
Insurance contract or identification number1120658
Number of Individuals Covered258
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $11,464
Total amount of fees paid to insurance companyUSD $2,085
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT, ACCIDENT, CRITICAL ILLNESS
Welfare Benefit Premiums Paid to CarrierUSD $140,900
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $11,464
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerBONUS

Potentially related plans

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