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BASIC GROUP LIFE INSURANCE 401k Plan overview

Plan NameBASIC GROUP LIFE INSURANCE
Plan identification number 501

BASIC GROUP LIFE INSURANCE Benefits

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

401k Sponsoring company profile

CONTRACTING RESOURCES GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:CONTRACTING RESOURCES GROUP, INC.
Employer identification number (EIN):061641484
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BASIC GROUP LIFE INSURANCE

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012022-11-01

Plan Statistics for BASIC GROUP LIFE INSURANCE

401k plan membership statisitcs for BASIC GROUP LIFE INSURANCE

Measure Date Value
2022: BASIC GROUP LIFE INSURANCE 2022 401k membership
Total participants, beginning-of-year2022-11-01138
Total of all active and inactive participants2022-11-010
Total participants2022-11-010

Form 5500 Responses for BASIC GROUP LIFE INSURANCE

2022: BASIC GROUP LIFE INSURANCE 2022 form 5500 responses
2022-11-01Type of plan entitySingle employer plan
2022-11-01First time form 5500 has been submittedYes
2022-11-01Submission has been amendedNo
2022-11-01This submission is the final filingNo
2022-11-01This return/report is a short plan year return/report (less than 12 months)No
2022-11-01Plan is a collectively bargained planNo
2022-11-01Plan funding arrangement – InsuranceYes
2022-11-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

RELIANCE STANDARD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68381 )
Policy contract numberGL 158337
Policy instance 1
Insurance contract or identification numberGL 158337
Number of Individuals Covered138
Insurance policy start date2022-11-01
Insurance policy end date2023-10-31
Total amount of commissions paid to insurance brokerUSD $1,855
Total amount of fees paid to insurance companyUSD $650
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 BenefitYes
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $21,661
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees650
Additional information about fees paid to insurance brokerADMIN
Insurance broker organization code?3
Commission paid to Insurance BrokerUSD $1,855

Potentially related plans

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