AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION 401k Plan overview
| Plan Name | AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION |
| Plan identification number | 001 |
AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION Benefits
| 401k Plan Type | Defined Contribution Pension |
| Plan Features/Benefits | - Money purchase (other than target benefit)
- 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.
- 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
AYRES INSURANCE AGENCY, INC. has sponsored the creation of one or more 401k plans.
Additional information about AYRES INSURANCE AGENCY, INC.
| Jurisdiction of Incorporation: | New York Department of State |
| Incorporation Date: | 1993-10-20 |
| Company Identification Number: | 1765742 |
| Legal Registered Office Address: |
59 MAIN ST PO BOX 1300
Franklin
SARANAC LAKE
United States of America (USA)
129837300
|
More information about AYRES INSURANCE AGENCY, INC.
Form 5500 Filing Information
Submission information for form 5500 for 401k plan AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|
| 001 | 2010-01-01 | ROBERT REYELL | | | |
| 001 | 2009-01-01 | ROBERT H.REYELL | | | |
Plan Statistics for AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION
401k plan membership statisitcs for AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION
| Measure | Date | Value |
|---|
| 2010: AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION 2010 401k membership |
|---|
| Total participants, beginning-of-year | 2010-01-01 | 5 |
| Total number of active participants reported on line 7a of the Form 5500 | 2010-01-01 | 0 |
| Number of retired or separated participants receiving benefits | 2010-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2010-01-01 | 0 |
| Total of all active and inactive participants | 2010-01-01 | 0 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2010-01-01 | 0 |
| Total participants | 2010-01-01 | 0 |
| Number of participants with account balances | 2010-01-01 | 0 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2010-01-01 | 0 |
| 2009: AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION 2009 401k membership |
|---|
| Total participants, beginning-of-year | 2009-01-01 | 5 |
| Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 5 |
| Number of retired or separated participants receiving benefits | 2009-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 0 |
| Total of all active and inactive participants | 2009-01-01 | 5 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 0 |
| Total participants | 2009-01-01 | 5 |
| Number of participants with account balances | 2009-01-01 | 5 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 0 |
Financial Data on AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION
| Measure | Date | Value |
|---|
| 2010 : AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION 2010 401k financial data |
|---|
| Total income from all sources | 2010-05-31 | $25,188 |
| Expenses. Total of all expenses incurred | 2010-05-31 | $413,463 |
| Benefits paid (including direct rollovers) | 2010-05-31 | $412,651 |
| Total plan assets at end of year | 2010-05-31 | $0 |
| Total plan assets at beginning of year | 2010-05-31 | $388,275 |
| Value of fidelity bond covering the plan | 2010-05-31 | $40,000 |
| Expenses. Other expenses not covered elsewhere | 2010-05-31 | $812 |
| Other income received | 2010-05-31 | $18,151 |
| Net income (gross income less expenses) | 2010-05-31 | $-388,275 |
| Net plan assets at end of year (total assets less liabilities) | 2010-05-31 | $0 |
| Net plan assets at beginning of year (total assets less liabilities) | 2010-05-31 | $388,275 |
| Total contributions received or receivable from employer(s) | 2010-05-31 | $7,037 |
| Funding deficiency by the employer to the plan for this plan year | 2010-05-31 | $0 |
| Minimum employer required contribution for this plan year | 2010-05-31 | $7,037 |
| Amount contributed by the employer to the plan for this plan year | 2010-05-31 | $7,037 |
| 2009 : AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION 2009 401k financial data |
|---|
| Funding deficiency by the employer to the plan for this plan year | 2009-12-31 | $0 |
| Minimum employer required contribution for this plan year | 2009-12-31 | $18,587 |
| Amount contributed by the employer to the plan for this plan year | 2009-12-31 | $18,587 |
Form 5500 Responses for AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION
| 2010: AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION 2010 form 5500 responses |
|---|
| 2010-01-01 | Type of plan entity | Single employer plan |
| 2010-01-01 | Submission has been amended | No |
| 2010-01-01 | This submission is the final filing | Yes |
| 2010-01-01 | This return/report is a short plan year return/report (less than 12 months) | Yes |
| 2010-01-01 | Plan is a collectively bargained plan | No |
| 2010-01-01 | Plan funding arrangement – Insurance | Yes |
| 2010-01-01 | Plan funding arrangement – Trust | Yes |
| 2010-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2009: AYRES INSURANCE AGENCY, INC. MONEY PURCHASE PENSION 2009 form 5500 responses |
|---|
| 2009-01-01 | Type of plan entity | Single employer plan |
| 2009-01-01 | Submission has been amended | No |
| 2009-01-01 | This submission is the final filing | No |
| 2009-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2009-01-01 | Plan is a collectively bargained plan | No |
| 2009-01-01 | Plan funding arrangement – Insurance | Yes |
| 2009-01-01 | Plan funding arrangement – Trust | Yes |
| 2009-01-01 | Plan benefit arrangement – Insurance | Yes |
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