401k Plan data: BENEFIT COVERAGE, INC. PENSION PLAN plan

BENEFIT COVERAGE, INC. PENSION PLAN 401k Plan overview

Plan Name	BENEFIT COVERAGE, INC. PENSION PLAN
Plan identification number	001

BENEFIT COVERAGE, INC. PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: BENEFIT COVERAGE, INC.

Employer identification number (EIN): 113111089

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Additional information about BENEFIT COVERAGE, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1992-05-15

Company Identification Number: 1636919

Legal Registered Office Address: 13355 41ST RD
Queens
FLUSHING
United States of America (USA)
11355

More information about BENEFIT COVERAGE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BENEFIT COVERAGE, INC. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01 AGNES WANG 2020-05-14
001 2018-01-01 AGNES WANG 2019-09-16
001 2017-01-01 AGNES WANG 2018-09-24
001 2016-01-01 AGNES WANG 2017-09-22
001 2015-01-01 AGNES WANG 2016-09-27
001 2014-01-01 AGNES WANG 2015-09-14
001 2013-01-01 AGNES WANG 2014-10-10
001 2012-01-01 AGNES WANG 2013-10-10
001 2011-01-01 AGNES WANG 2012-10-05
001 2010-01-01 AGNES WANG 2011-10-11

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2019-01-01	AGNES WANG	2020-05-14
001	2018-01-01	AGNES WANG	2019-09-16
001	2017-01-01	AGNES WANG	2018-09-24
001	2016-01-01	AGNES WANG	2017-09-22
001	2015-01-01	AGNES WANG	2016-09-27
001	2014-01-01	AGNES WANG	2015-09-14
001	2013-01-01	AGNES WANG	2014-10-10
001	2012-01-01	AGNES WANG	2013-10-10
001	2011-01-01	AGNES WANG	2012-10-05
001	2010-01-01	AGNES WANG	2011-10-11

Plan Statistics for BENEFIT COVERAGE, INC. PENSION PLAN

401k plan membership statisitcs for BENEFIT COVERAGE, INC. PENSION PLAN

Measure Date Value
2018: BENEFIT COVERAGE, INC. PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 4,709,467
Acturial value of plan assets 2018-12-31 4,709,467
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 1
Fundng target for terminated vested participants 2018-12-31 777
Active participant vested funding target 2018-12-31 5,120,911
Number of active participants 2018-12-31 10
Total funding liabilities for active participants 2018-12-31 5,122,065
Total participant count 2018-12-31 11
Total funding target for all participants 2018-12-31 5,122,842
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 44,482
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 44,482
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 199,970
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 186,911
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 10,598
Net shortfall amortization installment of oustanding balance 2018-12-31 413,375
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 120,669
Additional cash requirement 2018-12-31 120,669
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 186,911
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: BENEFIT COVERAGE, INC. PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 4,515,683
Acturial value of plan assets 2017-12-31 4,515,683
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 2
Fundng target for terminated vested participants 2017-12-31 1,364
Active participant vested funding target 2017-12-31 4,852,314
Number of active participants 2017-12-31 8
Total funding liabilities for active participants 2017-12-31 4,852,607
Total participant count 2017-12-31 10
Total funding target for all participants 2017-12-31 4,853,971
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 242,399
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 242,399
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 200,000
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 187,894
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 57,894
Net shortfall amortization installment of oustanding balance 2017-12-31 338,288
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 143,412
Additional cash requirement 2017-12-31 143,412
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 187,894
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: BENEFIT COVERAGE, INC. PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 3,393,086
Acturial value of plan assets 2016-12-31 3,393,086
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 2
Fundng target for terminated vested participants 2016-12-31 1,214
Active participant vested funding target 2016-12-31 4,086,536
Number of active participants 2016-12-31 8
Total funding liabilities for active participants 2016-12-31 4,086,536
Total participant count 2016-12-31 10
Total funding target for all participants 2016-12-31 4,087,750
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 881,926
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 831,508
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 460,536
Net shortfall amortization installment of oustanding balance 2016-12-31 694,664
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 589,109
Additional cash requirement 2016-12-31 589,109
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 831,508
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2018: BENEFIT COVERAGE, INC. PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	4,709,467
Acturial value of plan assets	2018-12-31	4,709,467
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	1
Fundng target for terminated vested participants	2018-12-31	777
Active participant vested funding target	2018-12-31	5,120,911
Number of active participants	2018-12-31	10
Total funding liabilities for active participants	2018-12-31	5,122,065
Total participant count	2018-12-31	11
Total funding target for all participants	2018-12-31	5,122,842
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	44,482
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	44,482
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	199,970
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	186,911
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	10,598
Net shortfall amortization installment of oustanding balance	2018-12-31	413,375
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	120,669
Additional cash requirement	2018-12-31	120,669
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	186,911
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: BENEFIT COVERAGE, INC. PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	4,515,683
Acturial value of plan assets	2017-12-31	4,515,683
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	2
Fundng target for terminated vested participants	2017-12-31	1,364
Active participant vested funding target	2017-12-31	4,852,314
Number of active participants	2017-12-31	8
Total funding liabilities for active participants	2017-12-31	4,852,607
Total participant count	2017-12-31	10
Total funding target for all participants	2017-12-31	4,853,971
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	242,399
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	242,399
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	200,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	187,894
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	57,894
Net shortfall amortization installment of oustanding balance	2017-12-31	338,288
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	143,412
Additional cash requirement	2017-12-31	143,412
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	187,894
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: BENEFIT COVERAGE, INC. PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	3,393,086
Acturial value of plan assets	2016-12-31	3,393,086
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	2
Fundng target for terminated vested participants	2016-12-31	1,214
Active participant vested funding target	2016-12-31	4,086,536
Number of active participants	2016-12-31	8
Total funding liabilities for active participants	2016-12-31	4,086,536
Total participant count	2016-12-31	10
Total funding target for all participants	2016-12-31	4,087,750
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	881,926
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	831,508
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	460,536
Net shortfall amortization installment of oustanding balance	2016-12-31	694,664
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	589,109
Additional cash requirement	2016-12-31	589,109
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	831,508
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	BENEFIT COVERAGE, INC.
Employer identification number (EIN):	113111089
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1992-05-15
Company Identification Number:	1636919
Legal Registered Office Address:	13355 41ST RD Queens FLUSHING United States of America (USA) 11355