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SCS DIRECT INC. LIFE AND AD&D PLAN 401k Plan overview

Plan NameSCS DIRECT INC. LIFE AND AD&D PLAN
Plan identification number 501

SCS DIRECT INC. LIFE AND AD&D PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

SCS DIRECT INC. has sponsored the creation of one or more 401k plans.

Company Name:SCS DIRECT INC.
Employer identification number (EIN):061499829
NAIC Classification:453990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCS DIRECT INC. LIFE AND AD&D PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012023-04-01JULIA KURJAKOVA2024-08-09

Plan Statistics for SCS DIRECT INC. LIFE AND AD&D PLAN

401k plan membership statisitcs for SCS DIRECT INC. LIFE AND AD&D PLAN

Measure Date Value
2023: SCS DIRECT INC. LIFE AND AD&D PLAN 2023 401k membership
Total participants, beginning-of-year2023-04-01100
Total number of active participants reported on line 7a of the Form 55002023-04-01114
Number of retired or separated participants receiving benefits2023-04-010
Number of other retired or separated participants entitled to future benefits2023-04-010
Total of all active and inactive participants2023-04-01114
Number of employers contributing to the scheme2023-04-010

Form 5500 Responses for SCS DIRECT INC. LIFE AND AD&D PLAN

2023: SCS DIRECT INC. LIFE AND AD&D PLAN 2023 form 5500 responses
2023-04-01Type of plan entitySingle employer plan
2023-04-01First time form 5500 has been submittedYes
2023-04-01Plan funding arrangement – InsuranceYes
2023-04-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1093172
Policy instance 1
Insurance contract or identification number1093172
Number of Individuals Covered114
Insurance policy start date2023-04-01
Insurance policy end date2024-03-31
Total amount of commissions paid to insurance brokerUSD $484
Total amount of fees paid to insurance companyUSD $48
Life Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $2,963
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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