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IGI, INC. SAVINGS & PROTECTION PLAN 401k Plan overview

Plan NameIGI, INC. SAVINGS & PROTECTION PLAN
Plan identification number 001

IGI, INC. SAVINGS & PROTECTION PLAN Benefits

401k Plan TypeDefined 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

IGI, INC. has sponsored the creation of one or more 401k plans.

Company Name:IGI, INC.
Employer identification number (EIN):010355758
NAIC Classification:325410

Additional information about IGI, INC.

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 2002-12-30
Company Identification Number: 20021513587

More information about IGI, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IGI, INC. SAVINGS & PROTECTION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012019-01-01
0012018-01-01
0012017-01-01DAMIAN FINIO
0012017-01-01DAMIAN FINIO
0012016-01-01JENNIFFER COLLINS2017-10-16
0012015-01-01JENNIFFER COLLINS2016-10-14
0012014-01-01JENNIFFER COLLINS2015-10-14
0012013-01-01JENNIFFER COLLINS2014-09-30
0012012-01-01JENNIFFER COLLINS2013-07-30 JENNIFFER COLLINS2013-07-30
0012011-01-01TRANSAMERICA2012-07-31 JENNIFFER COLLINS2012-07-31
0012010-01-01DEBBIE HANSON2011-05-24

Plan Statistics for IGI, INC. SAVINGS & PROTECTION PLAN

401k plan membership statisitcs for IGI, INC. SAVINGS & PROTECTION PLAN

Measure Date Value
2022: IGI, INC. SAVINGS & PROTECTION PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01248
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-01114
Total of all active and inactive participants2022-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01116
Number of participants with account balances2022-01-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: IGI, INC. SAVINGS & PROTECTION PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01279
Total number of active participants reported on line 7a of the Form 55002021-01-0148
Number of retired or separated participants receiving benefits2021-01-014
Number of other retired or separated participants entitled to future benefits2021-01-01180
Total of all active and inactive participants2021-01-01232
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01232
Number of participants with account balances2021-01-01214
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2019: IGI, INC. SAVINGS & PROTECTION PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01218
Total number of active participants reported on line 7a of the Form 55002019-01-01244
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-0117
Total of all active and inactive participants2019-01-01263
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01263
Number of participants with account balances2019-01-01208
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-011
2018: IGI, INC. SAVINGS & PROTECTION PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01234
Total number of active participants reported on line 7a of the Form 55002018-01-01172
Number of retired or separated participants receiving benefits2018-01-011
Number of other retired or separated participants entitled to future benefits2018-01-0165
Total of all active and inactive participants2018-01-01238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01239
Number of participants with account balances2018-01-01168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: IGI, INC. SAVINGS & PROTECTION PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01159
Number of retired or separated participants receiving benefits2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-0141
Total of all active and inactive participants2017-01-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0142
Number of participants with account balances2017-01-01101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on IGI, INC. SAVINGS & PROTECTION PLAN

Measure Date Value
2022 : IGI, INC. SAVINGS & PROTECTION PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-950,434
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$3,117,933
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$3,057,839
Expenses. Certain deemed distributions of participant loans2022-12-31$6,940
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$72,159
Value of total assets at end of year2022-12-31$2,803,045
Value of total assets at beginning of year2022-12-31$6,871,412
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$53,154
Total interest from all sources2022-12-31$453
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$72,159
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$31,825
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$2,871
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-4,068,367
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,803,045
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$6,871,412
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$2,602,561
Value of interest in pooled separate accounts at beginning of year2022-12-31$6,560,911
Interest on participant loans2022-12-31$453
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$200,484
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$278,676
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$0
Net investment gain/loss from pooled separate accounts2022-12-31$-1,025,917
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$3,057,839
Contract administrator fees2022-12-31$53,154
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31SEE ATTACHED REASONABLE CAUSE
Accountancy firm EIN2022-12-31010355758
2021 : IGI, INC. SAVINGS & PROTECTION PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$2,102,894
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$2,792,590
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,696,395
Expenses. Certain deemed distributions of participant loans2021-12-31$30,729
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,068,296
Value of total assets at end of year2021-12-31$6,871,412
Value of total assets at beginning of year2021-12-31$7,561,108
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$65,466
Total interest from all sources2021-12-31$2,686
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$760,861
Participant contributions at end of year2021-12-31$31,825
Participant contributions at beginning of year2021-12-31$74,755
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Other income not declared elsewhere2021-12-31$3,259
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-689,696
Value of net assets at end of year (total assets less liabilities)2021-12-31$6,871,412
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$7,561,108
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$6,560,911
Value of interest in pooled separate accounts at beginning of year2021-12-31$7,170,946
Interest on participant loans2021-12-31$2,686
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$278,676
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$315,407
Net investment gain/loss from pooled separate accounts2021-12-31$1,028,653
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$307,435
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,696,395
Contract administrator fees2021-12-31$65,466
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31SEE ATTACHED REASONABLE CAUSE
Accountancy firm EIN2021-12-31010355758
2019 : IGI, INC. SAVINGS & PROTECTION PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,627,667
Total income from all sources (including contributions)2019-12-31$2,627,667
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,033,450
Total of all expenses incurred2019-12-31$1,033,450
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$957,581
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$957,581
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,430,189
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,430,189
Value of total assets at end of year2019-12-31$6,558,460
Value of total assets at end of year2019-12-31$6,558,460
Value of total assets at beginning of year2019-12-31$4,964,243
Value of total assets at beginning of year2019-12-31$4,964,243
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$75,869
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$75,869
Total interest from all sources2019-12-31$5,691
Total interest from all sources2019-12-31$5,691
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$75,869
Administrative expenses professional fees incurred2019-12-31$75,869
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$340,000
Value of fidelity bond cover2019-12-31$340,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$763,266
Contributions received from participants2019-12-31$763,266
Participant contributions at end of year2019-12-31$75,027
Participant contributions at end of year2019-12-31$75,027
Participant contributions at beginning of year2019-12-31$97,967
Participant contributions at beginning of year2019-12-31$97,967
Participant contributions at end of year2019-12-31$29,722
Participant contributions at end of year2019-12-31$29,722
Participant contributions at beginning of year2019-12-31$24,558
Participant contributions at beginning of year2019-12-31$24,558
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$264,554
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$264,554
Other income not declared elsewhere2019-12-31$28,625
Other income not declared elsewhere2019-12-31$28,625
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,594,217
Value of net income/loss2019-12-31$1,594,217
Value of net assets at end of year (total assets less liabilities)2019-12-31$6,558,460
Value of net assets at end of year (total assets less liabilities)2019-12-31$6,558,460
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$4,964,243
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$4,964,243
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$6,104,705
Value of interest in pooled separate accounts at end of year2019-12-31$6,104,705
Value of interest in pooled separate accounts at beginning of year2019-12-31$4,533,772
Interest on participant loans2019-12-31$4,485
Interest on participant loans2019-12-31$4,485
Interest earned on other investments2019-12-31$1,206
Interest earned on other investments2019-12-31$1,206
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$330,261
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$330,261
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$296,363
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$296,363
Net investment gain/loss from pooled separate accounts2019-12-31$1,163,162
Net investment gain/loss from pooled separate accounts2019-12-31$1,163,162
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$402,369
Contributions received in cash from employer2019-12-31$402,369
Employer contributions (assets) at end of year2019-12-31$18,745
Employer contributions (assets) at end of year2019-12-31$18,745
Employer contributions (assets) at beginning of year2019-12-31$11,583
Employer contributions (assets) at beginning of year2019-12-31$11,583
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$957,581
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$957,581
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31SAX LLP
Accountancy firm name2019-12-31SAX LLP
Accountancy firm EIN2019-12-31812950760
Accountancy firm EIN2019-12-31812950760
2018 : IGI, INC. SAVINGS & PROTECTION PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$797,914
Total of all expenses incurred2018-12-31$566,226
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$503,612
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,161,444
Value of total assets at end of year2018-12-31$4,964,243
Value of total assets at beginning of year2018-12-31$4,732,555
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$62,614
Total interest from all sources2018-12-31$10,883
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$340,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$685,926
Participant contributions at end of year2018-12-31$97,967
Participant contributions at beginning of year2018-12-31$99,972
Participant contributions at end of year2018-12-31$24,558
Participant contributions at beginning of year2018-12-31$22,286
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$118,536
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$440
Administrative expenses (other) incurred2018-12-31$62,614
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$231,688
Value of net assets at end of year (total assets less liabilities)2018-12-31$4,964,243
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,732,555
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$4,533,772
Value of interest in pooled separate accounts at beginning of year2018-12-31$4,270,200
Interest on participant loans2018-12-31$6,535
Interest earned on other investments2018-12-31$4,348
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$296,363
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$328,101
Net investment gain/loss from pooled separate accounts2018-12-31$-374,413
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$356,982
Employer contributions (assets) at end of year2018-12-31$11,583
Employer contributions (assets) at beginning of year2018-12-31$11,556
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$503,612
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31SAX LLP
Accountancy firm EIN2018-12-31812950760
2017 : IGI, INC. SAVINGS & PROTECTION PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$1,797,287
Total of all expenses incurred2017-12-31$291,712
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$231,901
Expenses. Certain deemed distributions of participant loans2017-12-31$8,382
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,215,843
Value of total assets at end of year2017-12-31$4,732,555
Value of total assets at beginning of year2017-12-31$3,226,980
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$51,429
Total interest from all sources2017-12-31$7,445
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31No
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$613,081
Participant contributions at end of year2017-12-31$99,972
Participant contributions at beginning of year2017-12-31$107,365
Participant contributions at end of year2017-12-31$22,286
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$282,483
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$440
Administrative expenses (other) incurred2017-12-31$51,429
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,505,575
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,732,555
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$3,226,980
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$4,270,200
Value of interest in pooled separate accounts at beginning of year2017-12-31$2,956,653
Interest on participant loans2017-12-31$4,988
Interest earned on other investments2017-12-31$2,457
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$328,101
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$162,962
Net investment gain/loss from pooled separate accounts2017-12-31$573,999
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$320,279
Employer contributions (assets) at end of year2017-12-31$11,556
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$231,901
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31SAX, LLP
Accountancy firm EIN2017-12-31812950760

Form 5500 Responses for IGI, INC. SAVINGS & PROTECTION PLAN

2022: IGI, INC. SAVINGS & PROTECTION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: IGI, INC. SAVINGS & PROTECTION PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2019: IGI, INC. SAVINGS & PROTECTION PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: IGI, INC. SAVINGS & PROTECTION PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: IGI, INC. SAVINGS & PROTECTION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81C614
Policy instance 1
Insurance contract or identification number81C614
Number of Individuals Covered116
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81C614
Policy instance 1
Insurance contract or identification number81C614
Number of Individuals Covered220
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number991416
Policy instance 1
Insurance contract or identification number991416
Number of Individuals Covered135
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $10,324
Total amount of fees paid to insurance companyUSD $0
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?Yes
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,324
Insurance broker organization code?3
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81C614
Policy instance 2
Insurance contract or identification number81C614
Number of Individuals Covered207
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $16,404
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees16404
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker organization code?5
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number991416
Policy instance 1
Insurance contract or identification number991416
Number of Individuals Covered168
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $38,849
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $38,849
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number991416
Policy instance 1
Insurance contract or identification number991416
Number of Individuals Covered101
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $30,942
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $30,942
Insurance broker organization code?3
Insurance broker nameRAYMOND JAMES INSURANCE GROUP INC

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