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THE RICHMOND GROUP, INC. 401k Plan overview

Plan NameTHE RICHMOND GROUP, INC.
Plan identification number 503

THE RICHMOND GROUP, INC. Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Long-term disability cover

401k Sponsoring company profile

THE RICHMOND GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE RICHMOND GROUP, INC.
Employer identification number (EIN):043130236
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RICHMOND GROUP, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032022-06-01

Plan Statistics for THE RICHMOND GROUP, INC.

401k plan membership statisitcs for THE RICHMOND GROUP, INC.

Measure Date Value
2022: THE RICHMOND GROUP, INC. 2022 401k membership
Total participants, beginning-of-year2022-06-01105
Total number of active participants reported on line 7a of the Form 55002022-06-01106
Total of all active and inactive participants2022-06-01106

Financial Data on THE RICHMOND GROUP, INC.

Measure Date Value
2023 : THE RICHMOND GROUP, INC. 2023 401k financial data
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-05-31No
Was this plan covered by a fidelity bond2023-05-31No
If this is an individual account plan, was there a blackout period2023-05-31No
Were there any nonexempt tranactions with any party-in-interest2023-05-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-05-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-05-31No
Were any leases to which the plan was party in default or uncollectible2023-05-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-05-31No
Was there a failure to transmit to the plan any participant contributions2023-05-31No
Has the plan failed to provide any benefit when due under the plan2023-05-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-05-31No
Did the plan have assets held for investment2023-05-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-05-31No

Form 5500 Responses for THE RICHMOND GROUP, INC.

2022: THE RICHMOND GROUP, INC. 2022 form 5500 responses
2022-06-01Type of plan entitySingle employer plan
2022-06-01First time form 5500 has been submittedYes
2022-06-01Plan funding arrangement – InsuranceYes
2022-06-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

USABLE LIFE (National Association of Insurance Commissioners NAIC id number: 94358 )
Policy contract number50024910
Policy instance 1
Insurance contract or identification number50024910
Number of Individuals Covered106
Insurance policy start date2022-06-01
Insurance policy end date2023-05-31
Total amount of commissions paid to insurance brokerUSD $11,051
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $11,051
Additional information about fees paid to insurance brokerLONG TERM DISABILITY
Insurance broker organization code?3
USABLE LIFE (National Association of Insurance Commissioners NAIC id number: 94358 )
Policy contract number50024910
Policy instance 2
Insurance contract or identification number50024910
Number of Individuals Covered106
Insurance policy start date2022-06-01
Insurance policy end date2023-05-31
Total amount of commissions paid to insurance brokerUSD $11,175
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $11,175
Additional information about fees paid to insurance brokerACCIDENTAL DEALTH & DISMEMBERMENTGROUP TERM LIFE

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