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PROPULSYS, INC. DISABILITY PLAN 401k Plan overview

Plan NamePROPULSYS, INC. DISABILITY PLAN
Plan identification number 503

PROPULSYS, INC. DISABILITY PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Temporary disability (accident and sickness)
  • Long-term disability cover

401k Sponsoring company profile

DANFOSS POWER SOLUTIONS WORK FUNCTION, LLC has sponsored the creation of one or more 401k plans.

Company Name:DANFOSS POWER SOLUTIONS WORK FUNCTION, LLC
Employer identification number (EIN):352584523
NAIC Classification:333900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROPULSYS, INC. DISABILITY PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032017-01-01KATHY COLLARD KATHY COLLARD2018-07-31

Plan Statistics for PROPULSYS, INC. DISABILITY PLAN

401k plan membership statisitcs for PROPULSYS, INC. DISABILITY PLAN

Measure Date Value
2017: PROPULSYS, INC. DISABILITY PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01223
Total number of active participants reported on line 7a of the Form 55002017-01-010
Total of all active and inactive participants2017-01-010

Form 5500 Responses for PROPULSYS, INC. DISABILITY PLAN

2017: PROPULSYS, INC. DISABILITY 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 filingYes
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 – InsuranceYes
2017-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF OMAHA (National Association of Insurance Commissioners NAIC id number: 69868 )
Policy contract numberGLTD0AVC6
Policy instance 1
Insurance contract or identification numberGLTD0AVC6
Number of Individuals Covered201
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $5,096
Total amount of fees paid to insurance companyUSD $0
Long Term Disability Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $33,972
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5,096
Insurance broker organization code?3
Insurance broker nameHIGGINS INSURANCE INC
MUTUAL OF OMAHA (National Association of Insurance Commissioners NAIC id number: 69868 )
Policy contract numberGUG 0AVC6
Policy instance 2
Insurance contract or identification numberGUG 0AVC6
Number of Individuals Covered201
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $6,498
Total amount of fees paid to insurance companyUSD $0
Temporary Disability Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $43,318
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,498
Insurance broker organization code?3
Insurance broker nameHIGGINS INSURANCE INC.

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