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PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 401k Plan overview

Plan NamePRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN
Plan identification number 002

PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) 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.
  • 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

PRESIDENTIAL LIFE INSURANCE COMPANY has sponsored the creation of one or more 401k plans.

Company Name:PRESIDENTIAL LIFE INSURANCE COMPANY
Employer identification number (EIN):132570714
NAIC Classification:524140

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022013-01-01TERESA NINER
0022012-01-01PAUL MARSICO PAUL MARSICO2013-10-14
0022011-01-01PAUL MARSICO PAUL MARSICO2012-10-15
0022010-01-01PAUL MARSICO
0022009-01-01DONALD BARNES DONALD BARNES2010-07-08

Plan Statistics for PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN

401k plan membership statisitcs for PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN

Measure Date Value
2013: PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0183
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-010
Number of participants with account balances2013-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01110
Total number of active participants reported on line 7a of the Form 55002012-01-0172
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0111
Total of all active and inactive participants2012-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0183
Number of participants with account balances2012-01-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01123
Total number of active participants reported on line 7a of the Form 55002011-01-0193
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0117
Total of all active and inactive participants2011-01-01110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01110
Number of participants with account balances2011-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-018
2010: PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01115
Total number of active participants reported on line 7a of the Form 55002010-01-01107
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0110
Total of all active and inactive participants2010-01-01117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01117
Number of participants with account balances2010-01-01115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-018
2009: PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01111
Total number of active participants reported on line 7a of the Form 55002009-01-01107
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01108
Number of participants with account balances2009-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN

Measure Date Value
2013 : PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$-11,938,883
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$2,825,178
Expenses. Total of all expenses incurred2013-12-31$3,511,790
Benefits paid (including direct rollovers)2013-12-31$3,490,266
Total plan assets at end of year2013-12-31$0
Total plan assets at beginning of year2013-12-31$12,625,495
Value of fidelity bond covering the plan2013-12-31$1,100,000
Total contributions received or receivable from participants2013-12-31$437,853
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$437
Other income received2013-12-31$2,146,181
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$-686,612
Net plan assets at end of year (total assets less liabilities)2013-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$12,625,495
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$240,707
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$20,822
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$702
2012 : PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$2,478,432
Total of all expenses incurred2012-12-31$1,298,186
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,291,088
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$939,760
Value of total assets at end of year2012-12-31$12,625,495
Value of total assets at beginning of year2012-12-31$11,445,249
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$7,098
Total interest from all sources2012-12-31$3,834
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$293,180
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$293,180
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,100,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$686,259
Participant contributions at end of year2012-12-31$98,056
Participant contributions at beginning of year2012-12-31$100,910
Other income not declared elsewhere2012-12-31$1,042
Administrative expenses (other) incurred2012-12-31$7,098
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,180,246
Value of net assets at end of year (total assets less liabilities)2012-12-31$12,625,495
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$11,445,249
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$10,852,426
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$11,336,118
Interest on participant loans2012-12-31$3,821
Value of interest in common/collective trusts at end of year2012-12-31$14,818
Value of interest in common/collective trusts at beginning of year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$1,660,195
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$13
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,240,189
Net investment gain or loss from common/collective trusts2012-12-31$427
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$253,501
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$8,221
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,291,088
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2012-12-31560747981
2011 : PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$1,028,124
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,952,721
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,952,634
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,176,134
Value of total assets at end of year2011-12-31$11,445,249
Value of total assets at beginning of year2011-12-31$12,369,846
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$87
Total interest from all sources2011-12-31$4,810
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$270,204
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$270,204
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$714,047
Participant contributions at end of year2011-12-31$100,910
Participant contributions at beginning of year2011-12-31$121,159
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$7,715
Administrative expenses (other) incurred2011-12-31$87
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-924,597
Value of net assets at end of year (total assets less liabilities)2011-12-31$11,445,249
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$12,369,846
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$11,336,118
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$12,248,687
Interest on participant loans2011-12-31$4,810
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-423,024
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$454,372
Employer contributions (assets) at end of year2011-12-31$8,221
Employer contributions (assets) at beginning of year2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,952,634
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31BDO USA, LLP
Accountancy firm EIN2011-12-31135381590
2010 : PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$2,736,792
Expenses. Total of all expenses incurred2010-12-31$620,296
Benefits paid (including direct rollovers)2010-12-31$620,296
Total plan assets at end of year2010-12-31$12,369,846
Total plan assets at beginning of year2010-12-31$10,253,350
Value of fidelity bond covering the plan2010-12-31$10,000,000
Total contributions received or receivable from participants2010-12-31$769,910
Other income received2010-12-31$1,519,872
Net income (gross income less expenses)2010-12-31$2,116,496
Net plan assets at end of year (total assets less liabilities)2010-12-31$12,369,846
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$10,253,350
Assets. Value of participant loans2010-12-31$121,159
Total contributions received or receivable from employer(s)2010-12-31$447,010
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN

2013: PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingYes
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PRESIDENTIAL LIFE INSURANCE COMPANY 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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