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TAYLOR JAY'S BENEFIT PLAN 401k Plan overview

Plan NameTAYLOR JAY'S BENEFIT PLAN
Plan identification number 501

TAYLOR JAY'S BENEFIT PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental

401k Sponsoring company profile

TAYLOR METAL PRODUCTS COMPANY has sponsored the creation of one or more 401k plans.

Company Name:TAYLOR METAL PRODUCTS COMPANY
Employer identification number (EIN):340690441
NAIC Classification:332110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TAYLOR JAY'S BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012022-07-01MARK TAYLOR2024-04-03

Plan Statistics for TAYLOR JAY'S BENEFIT PLAN

401k plan membership statisitcs for TAYLOR JAY'S BENEFIT PLAN

Measure Date Value
2022: TAYLOR JAY'S BENEFIT PLAN 2022 401k membership
Total participants, beginning-of-year2022-07-01408
Total number of active participants reported on line 7a of the Form 55002022-07-01434
Total of all active and inactive participants2022-07-01434

Form 5500 Responses for TAYLOR JAY'S BENEFIT PLAN

2022: TAYLOR JAY'S BENEFIT PLAN 2022 form 5500 responses
2022-07-01Type of plan entitySingle employer plan
2022-07-01First time form 5500 has been submittedYes
2022-07-01Plan funding arrangement – InsuranceYes
2022-07-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

CONSUMERS LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62375 )
Policy contract number4809
Policy instance 1
Insurance contract or identification number4809
Number of Individuals Covered545
Insurance policy start date2022-07-01
Insurance policy end date2023-06-30
Total amount of commissions paid to insurance brokerUSD $1,452
Total amount of fees paid to insurance companyUSD $299
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $12,255
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $717
Amount paid for insurance broker fees299
Additional information about fees paid to insurance brokerFEES
Insurance broker organization code?3

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