PARAMOUNT CONTRACTING, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PARAMOUNT CONTRACTING INC GROUP MEDICAL PLAN
| Measure | Date | Value |
|---|
| 2023: PARAMOUNT CONTRACTING INC GROUP MEDICAL PLAN 2023 401k membership |
|---|
| Total participants, beginning-of-year | 2023-07-01 | 86 |
| Total number of active participants reported on line 7a of the Form 5500 | 2023-07-01 | 74 |
| Number of retired or separated participants receiving benefits | 2023-07-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2023-07-01 | 0 |
| Total of all active and inactive participants | 2023-07-01 | 74 |
| 2022: PARAMOUNT CONTRACTING INC GROUP MEDICAL PLAN 2022 401k membership |
|---|
| Total participants, beginning-of-year | 2022-07-01 | 77 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-07-01 | 86 |
| Number of retired or separated participants receiving benefits | 2022-07-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2022-07-01 | 0 |
| Total of all active and inactive participants | 2022-07-01 | 86 |
| 2021: PARAMOUNT CONTRACTING INC GROUP MEDICAL PLAN 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-07-01 | 77 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-07-01 | 77 |
| Number of retired or separated participants receiving benefits | 2021-07-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2021-07-01 | 0 |
| Total of all active and inactive participants | 2021-07-01 | 77 |
| Measure | Date | Value |
|---|
| 2024 : PARAMOUNT CONTRACTING INC GROUP MEDICAL PLAN 2024 401k financial data |
|---|
| Total plan liabilities at end of year | 2024-06-30 | $53,201 |
| Total plan liabilities at beginning of year | 2024-06-30 | $135,782 |
| Total income from all sources | 2024-06-30 | $775,392 |
| Expenses. Total of all expenses incurred | 2024-06-30 | $631,720 |
| Benefits paid (including direct rollovers) | 2024-06-30 | $334,307 |
| Total plan assets at end of year | 2024-06-30 | $123,863 |
| Total plan assets at beginning of year | 2024-06-30 | $62,772 |
| Value of fidelity bond covering the plan | 2024-06-30 | $500,000 |
| Total contributions received or receivable from participants | 2024-06-30 | $304,168 |
| Expenses. Other expenses not covered elsewhere | 2024-06-30 | $286,958 |
| Contributions received from other sources (not participants or employers) | 2024-06-30 | $0 |
| Other income received | 2024-06-30 | $2,243 |
| Net income (gross income less expenses) | 2024-06-30 | $143,672 |
| Net plan assets at end of year (total assets less liabilities) | 2024-06-30 | $70,662 |
| Net plan assets at beginning of year (total assets less liabilities) | 2024-06-30 | $-73,010 |
| Total contributions received or receivable from employer(s) | 2024-06-30 | $468,981 |
| Value of corrective distributions | 2024-06-30 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2024-06-30 | $10,455 |
| 2023 : PARAMOUNT CONTRACTING INC GROUP MEDICAL PLAN 2023 401k financial data |
|---|
| Total plan liabilities at end of year | 2023-06-30 | $135,782 |
| Total plan liabilities at beginning of year | 2023-06-30 | $41,643 |
| Total income from all sources | 2023-06-30 | $776,758 |
| Expenses. Total of all expenses incurred | 2023-06-30 | $826,278 |
| Benefits paid (including direct rollovers) | 2023-06-30 | $517,720 |
| Total plan assets at end of year | 2023-06-30 | $62,772 |
| Total plan assets at beginning of year | 2023-06-30 | $18,153 |
| Value of fidelity bond covering the plan | 2023-06-30 | $500,000 |
| Total contributions received or receivable from participants | 2023-06-30 | $328,536 |
| Expenses. Other expenses not covered elsewhere | 2023-06-30 | $298,287 |
| Contributions received from other sources (not participants or employers) | 2023-06-30 | $0 |
| Other income received | 2023-06-30 | $342 |
| Net income (gross income less expenses) | 2023-06-30 | $-49,520 |
| Net plan assets at end of year (total assets less liabilities) | 2023-06-30 | $-73,010 |
| Net plan assets at beginning of year (total assets less liabilities) | 2023-06-30 | $-23,490 |
| Total contributions received or receivable from employer(s) | 2023-06-30 | $447,880 |
| Value of corrective distributions | 2023-06-30 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2023-06-30 | $10,271 |
| 2022 : PARAMOUNT CONTRACTING INC GROUP MEDICAL PLAN 2022 401k financial data |
|---|
| Total plan liabilities at end of year | 2022-06-30 | $41,643 |
| Total plan liabilities at beginning of year | 2022-06-30 | $0 |
| Total income from all sources | 2022-06-30 | $598,991 |
| Expenses. Total of all expenses incurred | 2022-06-30 | $622,481 |
| Benefits paid (including direct rollovers) | 2022-06-30 | $371,495 |
| Total plan assets at end of year | 2022-06-30 | $18,153 |
| Total plan assets at beginning of year | 2022-06-30 | $0 |
| Value of fidelity bond covering the plan | 2022-06-30 | $150,000 |
| Total contributions received or receivable from participants | 2022-06-30 | $253,148 |
| Expenses. Other expenses not covered elsewhere | 2022-06-30 | $250,986 |
| Contributions received from other sources (not participants or employers) | 2022-06-30 | $0 |
| Other income received | 2022-06-30 | $70 |
| Net income (gross income less expenses) | 2022-06-30 | $-23,490 |
| Net plan assets at end of year (total assets less liabilities) | 2022-06-30 | $-23,490 |
| Net plan assets at beginning of year (total assets less liabilities) | 2022-06-30 | $0 |
| Total contributions received or receivable from employer(s) | 2022-06-30 | $345,773 |
| Value of corrective distributions | 2022-06-30 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2022-06-30 | $0 |
| 2023: PARAMOUNT CONTRACTING INC GROUP MEDICAL PLAN 2023 form 5500 responses |
|---|
| 2023-07-01 | Type of plan entity | Single employer plan |
| 2023-07-01 | Submission has been amended | No |
| 2023-07-01 | This submission is the final filing | No |
| 2023-07-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2023-07-01 | Plan is a collectively bargained plan | No |
| 2023-07-01 | Plan funding arrangement – Insurance | Yes |
| 2023-07-01 | Plan funding arrangement – Trust | Yes |
| 2023-07-01 | Plan benefit arrangement – Insurance | Yes |
| 2023-07-01 | Plan benefit arrangement - Trust | Yes |
| 2022: PARAMOUNT CONTRACTING INC GROUP MEDICAL PLAN 2022 form 5500 responses |
|---|
| 2022-07-01 | Type of plan entity | Single employer plan |
| 2022-07-01 | Submission has been amended | No |
| 2022-07-01 | This submission is the final filing | No |
| 2022-07-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2022-07-01 | Plan is a collectively bargained plan | No |
| 2022-07-01 | Plan funding arrangement – Insurance | Yes |
| 2022-07-01 | Plan funding arrangement – Trust | Yes |
| 2022-07-01 | Plan benefit arrangement – Insurance | Yes |
| 2022-07-01 | Plan benefit arrangement - Trust | Yes |
| 2021: PARAMOUNT CONTRACTING INC GROUP MEDICAL PLAN 2021 form 5500 responses |
|---|
| 2021-07-01 | Type of plan entity | Single employer plan |
| 2021-07-01 | First time form 5500 has been submitted | Yes |
| 2021-07-01 | Submission has been amended | No |
| 2021-07-01 | This submission is the final filing | No |
| 2021-07-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2021-07-01 | Plan is a collectively bargained plan | No |
| 2021-07-01 | Plan funding arrangement – Insurance | Yes |
| 2021-07-01 | Plan funding arrangement – Trust | Yes |
| 2021-07-01 | Plan benefit arrangement – Insurance | Yes |
| 2021-07-01 | Plan benefit arrangement - Trust | Yes |
| HM LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 93440 ) |
| Policy contract number | 408571-A |
| Policy instance | 1 |
| Insurance contract or identification number | 408571-A | | Number of Individuals Covered | 74 | | Insurance policy start date | 2023-07-01 | | Insurance policy end date | 2024-06-30 | | 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 plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | 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 Benefit | No | | Dental Insurance Welfare Benefit | No | | Vision Insurance Welfare Benefit | No | | Life Insurance Welfare Benefit | No | | Temporary Disability Insurance Welfare Benefit | No | | Long Term Disability Insurance Welfare Benefit | No | | Unemployment Insurance Welfare Benefit | No | | 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 Carrier | USD $238,102 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No |
|
| EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 ) |
| Policy contract number | 31000249 |
| Policy instance | 1 |
| Insurance contract or identification number | 31000249 | | Number of Individuals Covered | 86 | | Insurance policy start date | 2022-07-01 | | Insurance policy end date | 2023-06-30 | | 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 plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | 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 Benefit | No | | Dental Insurance Welfare Benefit | No | | Vision Insurance Welfare Benefit | No | | Life Insurance Welfare Benefit | No | | Temporary Disability Insurance Welfare Benefit | No | | Long Term Disability Insurance Welfare Benefit | No | | Unemployment Insurance Welfare Benefit | No | | 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 Carrier | USD $216,676 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No |
|
| EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 ) |
| Policy contract number | 31000249 |
| Policy instance | 1 |
| Insurance contract or identification number | 31000249 | | Number of Individuals Covered | 77 | | Insurance policy start date | 2021-07-01 | | Insurance policy end date | 2022-06-30 | | 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 plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | 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 Benefit | No | | Dental Insurance Welfare Benefit | No | | Vision Insurance Welfare Benefit | No | | Life Insurance Welfare Benefit | No | | Temporary Disability Insurance Welfare Benefit | No | | Long Term Disability Insurance Welfare Benefit | No | | Unemployment Insurance Welfare Benefit | No | | 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 Carrier | USD $177,245 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No |
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