401k Plan data: WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS plan

WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS 401k Plan overview

Plan Name	WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS
Plan identification number	002

WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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

WEBB INSURANCE AGENCY, INC. has sponsored the creation of one or more 401k plans.

Company Name: WEBB INSURANCE AGENCY, INC.

Employer identification number (EIN): 344387490

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Additional information about WEBB INSURANCE AGENCY, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division

Incorporation Date: 1926-12-21

Company Identification Number: 124233

Legal Registered Office Address: 212 WEST HIGH STREET
-
LIMA
United States of America (USA)
45802

More information about WEBB INSURANCE AGENCY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2018-02-01
002 2017-02-01
002 2016-02-01 THOMAS A. SARNO 2017-06-19
002 2015-02-01 THOMAS A. SARNO 2016-06-29
002 2014-02-01 THOMAS A. SARNO 2015-05-29
002 2013-02-01 THOMAS A. SARNO 2014-04-21
002 2012-02-01 THOMAS A. SARNO 2013-07-25
002 2011-02-01 THOMAS A. SARNO 2012-06-18
002 2010-02-01 THOMAS A. SARNO 2011-07-07

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2018-02-01
002	2017-02-01
002	2016-02-01	THOMAS A. SARNO	2017-06-19
002	2015-02-01	THOMAS A. SARNO	2016-06-29
002	2014-02-01	THOMAS A. SARNO	2015-05-29
002	2013-02-01	THOMAS A. SARNO	2014-04-21
002	2012-02-01	THOMAS A. SARNO	2013-07-25
002	2011-02-01	THOMAS A. SARNO	2012-06-18
002	2010-02-01	THOMAS A. SARNO	2011-07-07

Plan Statistics for WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS

401k plan membership statisitcs for WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS

Measure Date Value
2018: WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS 2018 401k membership
Market value of plan assets 2018-12-22 1,257,390
Acturial value of plan assets 2018-12-22 1,257,390
Funding target for retired participants and beneficiaries receiving payment 2018-12-22 607,907
Number of terminated vested participants 2018-12-22 0
Fundng target for terminated vested participants 2018-12-22 0
Active participant vested funding target 2018-12-22 535,952
Number of active participants 2018-12-22 19
Total funding liabilities for active participants 2018-12-22 535,952
Total participant count 2018-12-22 24
Total funding target for all participants 2018-12-22 1,143,859
Balance at beginning of prior year after applicable adjustments 2018-12-22 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-22 57,133
Amount remaining of carryover balance 2018-12-22 0
Amount remaining of prefunding balance 2018-12-22 57,133
Present value of excess contributions 2018-12-22 146,265
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-22 154,807
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-22 154,807
Reductions in prefunding balances due to elections or deemed elections 2018-12-22 101,940
Balance of carryovers at beginning of current year 2018-12-22 0
Balance of prefunding at beginning of current year 2018-12-22 113,531
Total employer contributions 2018-12-22 0
Total employee contributions 2018-12-22 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-22 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-22 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-22 0
Unpaid minimum required contributions for all prior years 2018-12-22 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-22 0
Remaining amount of unpaid minimum required contributions 2018-12-22 0
Minimum required contributions for current year target normal cost 2018-12-22 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-22 0
Additional cash requirement 2018-12-22 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-22 0
Unpaid minimum required contributions for current year 2018-12-22 0
Unpaid minimum required contributions for all years 2018-12-22 0
Market value of plan assets 2018-01-31 1,099,021
Acturial value of plan assets 2018-01-31 1,099,021
Funding target for retired participants and beneficiaries receiving payment 2018-01-31 554,738
Number of terminated vested participants 2018-01-31 1
Fundng target for terminated vested participants 2018-01-31 558
Active participant vested funding target 2018-01-31 486,592
Number of active participants 2018-01-31 20
Total funding liabilities for active participants 2018-01-31 486,592
Total participant count 2018-01-31 26
Total funding target for all participants 2018-01-31 1,041,888
Balance at beginning of prior year after applicable adjustments 2018-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-01-31 145,407
Prefunding balanced used to offset prior years funding requirement 2018-01-31 0
Amount remaining of carryover balance 2018-01-31 0
Amount remaining of prefunding balance 2018-01-31 145,407
Present value of excess contributions 2018-01-31 96,527
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-01-31 102,367
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-01-31 102,367
Reductions in prefunding balances due to elections or deemed elections 2018-01-31 207,159
Balance of carryovers at beginning of current year 2018-01-31 0
Balance of prefunding at beginning of current year 2018-01-31 57,133
Total employer contributions 2018-01-31 150,000
Total employee contributions 2018-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-01-31 146,265
Unpaid minimum required contributions for all prior years 2018-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-01-31 0
Remaining amount of unpaid minimum required contributions 2018-01-31 0
Minimum required contributions for current year target normal cost 2018-01-31 0
Net shortfall amortization installment of oustanding balance 2018-01-31 0
Waiver amortization installment 2018-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-01-31 0
Additional cash requirement 2018-01-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-01-31 146,265
Unpaid minimum required contributions for current year 2018-01-31 0
Unpaid minimum required contributions for all years 2018-01-31 0
2017: WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS 2017 401k membership
Market value of plan assets 2017-01-31 1,014,750
Acturial value of plan assets 2017-01-31 1,014,750
Funding target for retired participants and beneficiaries receiving payment 2017-01-31 589,440
Number of terminated vested participants 2017-01-31 1
Fundng target for terminated vested participants 2017-01-31 52,119
Active participant vested funding target 2017-01-31 444,119
Number of active participants 2017-01-31 21
Total funding liabilities for active participants 2017-01-31 445,119
Total participant count 2017-01-31 31
Total funding target for all participants 2017-01-31 1,086,678
Balance at beginning of prior year after applicable adjustments 2017-01-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-01-31 57,794
Carryover balanced portion elected for use to offset prior years funding requirement 2017-01-31 0
Prefunding balanced used to offset prior years funding requirement 2017-01-31 0
Amount remaining of carryover balance 2017-01-31 0
Amount remaining of prefunding balance 2017-01-31 57,794
Present value of excess contributions 2017-01-31 113,688
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-01-31 120,794
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-01-31 120,794
Reductions in prefunding balances due to elections or deemed elections 2017-01-31 31,233
Balance of carryovers at beginning of current year 2017-01-31 0
Balance of prefunding at beginning of current year 2017-01-31 145,407
Total employer contributions 2017-01-31 137,000
Total employee contributions 2017-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-01-31 132,436
Unpaid minimum required contributions for all prior years 2017-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-01-31 0
Remaining amount of unpaid minimum required contributions 2017-01-31 0
Minimum required contributions for current year target normal cost 2017-01-31 0
Net shortfall amortization installment of oustanding balance 2017-01-31 217,335
Total funding amount beforereflecting carryover/prefunding balances 2017-01-31 35,909
Additional cash requirement 2017-01-31 35,909
Contributions allocatedtoward minimum required contributions for current year 2017-01-31 132,436
Unpaid minimum required contributions for current year 2017-01-31 0
Unpaid minimum required contributions for all years 2017-01-31 0

Measure	Date	Value
2018: WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS 2018 401k membership
Market value of plan assets	2018-12-22	1,257,390
Acturial value of plan assets	2018-12-22	1,257,390
Funding target for retired participants and beneficiaries receiving payment	2018-12-22	607,907
Number of terminated vested participants	2018-12-22	0
Fundng target for terminated vested participants	2018-12-22	0
Active participant vested funding target	2018-12-22	535,952
Number of active participants	2018-12-22	19
Total funding liabilities for active participants	2018-12-22	535,952
Total participant count	2018-12-22	24
Total funding target for all participants	2018-12-22	1,143,859
Balance at beginning of prior year after applicable adjustments	2018-12-22	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-22	57,133
Amount remaining of carryover balance	2018-12-22	0
Amount remaining of prefunding balance	2018-12-22	57,133
Present value of excess contributions	2018-12-22	146,265
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-22	154,807
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-22	154,807
Reductions in prefunding balances due to elections or deemed elections	2018-12-22	101,940
Balance of carryovers at beginning of current year	2018-12-22	0
Balance of prefunding at beginning of current year	2018-12-22	113,531
Total employer contributions	2018-12-22	0
Total employee contributions	2018-12-22	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-22	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-22	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-22	0
Unpaid minimum required contributions for all prior years	2018-12-22	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-22	0
Remaining amount of unpaid minimum required contributions	2018-12-22	0
Minimum required contributions for current year target normal cost	2018-12-22	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-22	0
Additional cash requirement	2018-12-22	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-22	0
Unpaid minimum required contributions for current year	2018-12-22	0
Unpaid minimum required contributions for all years	2018-12-22	0
Market value of plan assets	2018-01-31	1,099,021
Acturial value of plan assets	2018-01-31	1,099,021
Funding target for retired participants and beneficiaries receiving payment	2018-01-31	554,738
Number of terminated vested participants	2018-01-31	1
Fundng target for terminated vested participants	2018-01-31	558
Active participant vested funding target	2018-01-31	486,592
Number of active participants	2018-01-31	20
Total funding liabilities for active participants	2018-01-31	486,592
Total participant count	2018-01-31	26
Total funding target for all participants	2018-01-31	1,041,888
Balance at beginning of prior year after applicable adjustments	2018-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-01-31	145,407
Prefunding balanced used to offset prior years funding requirement	2018-01-31	0
Amount remaining of carryover balance	2018-01-31	0
Amount remaining of prefunding balance	2018-01-31	145,407
Present value of excess contributions	2018-01-31	96,527
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-01-31	102,367
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-01-31	102,367
Reductions in prefunding balances due to elections or deemed elections	2018-01-31	207,159
Balance of carryovers at beginning of current year	2018-01-31	0
Balance of prefunding at beginning of current year	2018-01-31	57,133
Total employer contributions	2018-01-31	150,000
Total employee contributions	2018-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-01-31	146,265
Unpaid minimum required contributions for all prior years	2018-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-01-31	0
Remaining amount of unpaid minimum required contributions	2018-01-31	0
Minimum required contributions for current year target normal cost	2018-01-31	0
Net shortfall amortization installment of oustanding balance	2018-01-31	0
Waiver amortization installment	2018-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-01-31	0
Additional cash requirement	2018-01-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-01-31	146,265
Unpaid minimum required contributions for current year	2018-01-31	0
Unpaid minimum required contributions for all years	2018-01-31	0
2017: WEBB INSURANCE AGENCY, INC. PENSION PLAN AND TRUS 2017 401k membership
Market value of plan assets	2017-01-31	1,014,750
Acturial value of plan assets	2017-01-31	1,014,750
Funding target for retired participants and beneficiaries receiving payment	2017-01-31	589,440
Number of terminated vested participants	2017-01-31	1
Fundng target for terminated vested participants	2017-01-31	52,119
Active participant vested funding target	2017-01-31	444,119
Number of active participants	2017-01-31	21
Total funding liabilities for active participants	2017-01-31	445,119
Total participant count	2017-01-31	31
Total funding target for all participants	2017-01-31	1,086,678
Balance at beginning of prior year after applicable adjustments	2017-01-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-01-31	57,794
Carryover balanced portion elected for use to offset prior years funding requirement	2017-01-31	0
Prefunding balanced used to offset prior years funding requirement	2017-01-31	0
Amount remaining of carryover balance	2017-01-31	0
Amount remaining of prefunding balance	2017-01-31	57,794
Present value of excess contributions	2017-01-31	113,688
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-01-31	120,794
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-01-31	120,794
Reductions in prefunding balances due to elections or deemed elections	2017-01-31	31,233
Balance of carryovers at beginning of current year	2017-01-31	0
Balance of prefunding at beginning of current year	2017-01-31	145,407
Total employer contributions	2017-01-31	137,000
Total employee contributions	2017-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-01-31	132,436
Unpaid minimum required contributions for all prior years	2017-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-01-31	0
Remaining amount of unpaid minimum required contributions	2017-01-31	0
Minimum required contributions for current year target normal cost	2017-01-31	0
Net shortfall amortization installment of oustanding balance	2017-01-31	217,335
Total funding amount beforereflecting carryover/prefunding balances	2017-01-31	35,909
Additional cash requirement	2017-01-31	35,909
Contributions allocatedtoward minimum required contributions for current year	2017-01-31	132,436
Unpaid minimum required contributions for current year	2017-01-31	0
Unpaid minimum required contributions for all years	2017-01-31	0

Potentially related plans

WEBB INSURANCE, INC. EMPLOYEE PENSION PLAN [EIN = 930629339]

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Company Name:	WEBB INSURANCE AGENCY, INC.
Employer identification number (EIN):	344387490
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages

Jurisdiction of Incorporation:	Ohio Secretary of State Business Services Division
Incorporation Date:	1926-12-21
Company Identification Number:	124233
Legal Registered Office Address:	212 WEST HIGH STREET - LIMA United States of America (USA) 45802