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SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 401k Plan overview

Plan NameSCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN
Plan identification number 001

SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SCOTTISH RE (U.S.), INC. has sponsored the creation of one or more 401k plans.

Company Name:SCOTTISH RE (U.S.), INC.
Employer identification number (EIN):232038295
NAIC Classification:524150

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01GREGG KLINGENBERG
0012017-01-01GREGG KLINGENBERG

Plan Statistics for SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN

401k plan membership statisitcs for SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2023: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0158
Total number of active participants reported on line 7a of the Form 55002023-01-0120
Number of retired or separated participants receiving benefits2023-01-012
Number of other retired or separated participants entitled to future benefits2023-01-0133
Total of all active and inactive participants2023-01-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0155
Number of participants with account balances2023-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0162
Total number of active participants reported on line 7a of the Form 55002022-01-0122
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-0134
Total of all active and inactive participants2022-01-0158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0158
Number of participants with account balances2022-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0168
Total number of active participants reported on line 7a of the Form 55002021-01-0121
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-0139
Total of all active and inactive participants2021-01-0162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0162
Number of participants with account balances2021-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0170
Total number of active participants reported on line 7a of the Form 55002020-01-0121
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0147
Total of all active and inactive participants2020-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0168
Number of participants with account balances2020-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0182
Total number of active participants reported on line 7a of the Form 55002019-01-0122
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-0147
Total of all active and inactive participants2019-01-0170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0170
Number of participants with account balances2019-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-014
2018: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0178
Total number of active participants reported on line 7a of the Form 55002018-01-0134
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0148
Total of all active and inactive participants2018-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0182
Number of participants with account balances2018-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0185
Total number of active participants reported on line 7a of the Form 55002017-01-0130
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-0146
Total of all active and inactive participants2017-01-0178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0178
Number of participants with account balances2017-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-013

Financial Data on SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2023 : SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$2,425,775
Expenses. Total of all expenses incurred2023-12-31$145,582
Benefits paid (including direct rollovers)2023-12-31$133,136
Total plan assets at end of year2023-12-31$11,983,482
Total plan assets at beginning of year2023-12-31$9,703,289
Value of fidelity bond covering the plan2023-12-31$1,000,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$349,741
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$1,853,206
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$2,280,193
Net plan assets at end of year (total assets less liabilities)2023-12-31$11,983,482
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$9,703,289
Assets. Value of participant loans2023-12-31$34,742
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$222,828
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$12,446
2022 : SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-1,929,466
Expenses. Total of all expenses incurred2022-12-31$2,945,315
Benefits paid (including direct rollovers)2022-12-31$2,930,236
Total plan assets at end of year2022-12-31$9,703,289
Total plan assets at beginning of year2022-12-31$14,578,070
Value of fidelity bond covering the plan2022-12-31$1,000,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$340,358
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-2,470,649
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-4,874,781
Net plan assets at end of year (total assets less liabilities)2022-12-31$9,703,289
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$14,578,070
Assets. Value of participant loans2022-12-31$51,069
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$200,825
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$15,079
2021 : SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$2,315,685
Expenses. Total of all expenses incurred2021-12-31$2,701,818
Benefits paid (including direct rollovers)2021-12-31$2,684,425
Total plan assets at end of year2021-12-31$14,578,070
Total plan assets at beginning of year2021-12-31$14,964,203
Value of fidelity bond covering the plan2021-12-31$1,000,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$294,262
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$1,847,362
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$-386,133
Net plan assets at end of year (total assets less liabilities)2021-12-31$14,578,070
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$14,964,203
Assets. Value of participant loans2021-12-31$57,262
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$174,061
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$17,393
2020 : SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$2,840,783
Expenses. Total of all expenses incurred2020-12-31$1,061,094
Benefits paid (including direct rollovers)2020-12-31$1,046,014
Total plan assets at end of year2020-12-31$14,964,203
Total plan assets at beginning of year2020-12-31$13,184,514
Value of fidelity bond covering the plan2020-12-31$1,000,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$310,507
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$433,720
Other income received2020-12-31$1,890,134
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$1,779,689
Net plan assets at end of year (total assets less liabilities)2020-12-31$14,964,203
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$13,184,514
Assets. Value of participant loans2020-12-31$74,175
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$206,422
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$15,080
2019 : SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$3,255,316
Expenses. Total of all expenses incurred2019-12-31$1,956,297
Benefits paid (including direct rollovers)2019-12-31$1,941,096
Total plan assets at end of year2019-12-31$13,184,514
Total plan assets at beginning of year2019-12-31$11,885,495
Value of fidelity bond covering the plan2019-12-31$1,000,000
Total contributions received or receivable from participants2019-12-31$353,968
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$96,942
Other income received2019-12-31$2,567,160
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$1,299,019
Net plan assets at end of year (total assets less liabilities)2019-12-31$13,184,514
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$11,885,495
Assets. Value of participant loans2019-12-31$51,369
Total contributions received or receivable from employer(s)2019-12-31$237,246
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$15,201
2018 : SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-2,854
Expenses. Total of all expenses incurred2018-12-31$305,459
Benefits paid (including direct rollovers)2018-12-31$281,960
Total plan assets at end of year2018-12-31$11,885,495
Total plan assets at beginning of year2018-12-31$12,193,808
Value of fidelity bond covering the plan2018-12-31$1,000,000
Total contributions received or receivable from participants2018-12-31$409,873
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-650,215
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-308,313
Net plan assets at end of year (total assets less liabilities)2018-12-31$11,885,495
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$12,193,808
Assets. Value of participant loans2018-12-31$52,106
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$237,488
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$23,499
2017 : SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$63
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$2,424,940
Expenses. Total of all expenses incurred2017-12-31$679,594
Benefits paid (including direct rollovers)2017-12-31$664,791
Total plan assets at end of year2017-12-31$12,193,808
Total plan assets at beginning of year2017-12-31$10,448,399
Value of fidelity bond covering the plan2017-12-31$7,500,000
Total contributions received or receivable from participants2017-12-31$363,136
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$1,832,919
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$1,745,346
Net plan assets at end of year (total assets less liabilities)2017-12-31$12,193,808
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$10,448,399
Assets. Value of participant loans2017-12-31$76,983
Total contributions received or receivable from employer(s)2017-12-31$228,885
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$14,803

Form 5500 Responses for SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN

2023: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SCOTTISH RE (U.S.), INC. 401(K) AND PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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