401k Plan data: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN plan

CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 401k Plan overview

Plan Name	CLEVELAND INSURANCE SERVICES RETIREMENT PLAN
Plan identification number	001

CLEVELAND INSURANCE SERVICES RETIREMENT PLAN Benefits

401k Plan Type

Defined 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

701 INSURANCE SERVICES, LLC has sponsored the creation of one or more 401k plans.

Company Name: 701 INSURANCE SERVICES, LLC

Employer identification number (EIN): 473997566

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CLEVELAND INSURANCE SERVICES RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01

Plan Statistics for CLEVELAND INSURANCE SERVICES RETIREMENT PLAN

401k plan membership statisitcs for CLEVELAND INSURANCE SERVICES RETIREMENT PLAN

Measure Date Value
2023: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 6
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 0
Total of all active and inactive participants 2023-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 6
Number of participants with account balances 2023-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 7
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 7
Number of participants with account balances 2022-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 6
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 6
Number of participants with account balances 2021-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 6
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 6
Number of participants with account balances 2020-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 4
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 4
Number of participants with account balances 2019-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2023: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	6
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	0
Total of all active and inactive participants	2023-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	6
Number of participants with account balances	2023-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	7
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	7
Number of participants with account balances	2022-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	6
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	6
Number of participants with account balances	2021-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	6
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	6
Number of participants with account balances	2020-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	4
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	4
Number of participants with account balances	2019-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on CLEVELAND INSURANCE SERVICES RETIREMENT PLAN

Measure	Date	Value
2023 : CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2023 401k financial data
Total income from all sources	2023-12-31	$56,390
Expenses. Total of all expenses incurred	2023-12-31	$4,019
Benefits paid (including direct rollovers)	2023-12-31	$1,170
Total plan assets at end of year	2023-12-31	$192,008
Total plan assets at beginning of year	2023-12-31	$139,637
Value of fidelity bond covering the plan	2023-12-31	$50,000
Total contributions received or receivable from participants	2023-12-31	$18,662
Other income received	2023-12-31	$31,156
Net income (gross income less expenses)	2023-12-31	$52,371
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$192,008
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$139,637
Total contributions received or receivable from employer(s)	2023-12-31	$6,572
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$2,849
2022 : CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$9,060
Expenses. Total of all expenses incurred	2022-12-31	$2,208
Total plan assets at end of year	2022-12-31	$139,637
Total plan assets at beginning of year	2022-12-31	$132,785
Value of fidelity bond covering the plan	2022-12-31	$50,000
Total contributions received or receivable from participants	2022-12-31	$18,004
Other income received	2022-12-31	$-16,110
Net income (gross income less expenses)	2022-12-31	$6,852
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$139,637
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$132,785
Total contributions received or receivable from employer(s)	2022-12-31	$7,166
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$2,208
2021 : CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2021 401k financial data
Total plan liabilities at beginning of year	2021-12-31	$10
Total income from all sources	2021-12-31	$36,306
Expenses. Total of all expenses incurred	2021-12-31	$2,000
Total plan assets at end of year	2021-12-31	$132,785
Total plan assets at beginning of year	2021-12-31	$98,489
Value of fidelity bond covering the plan	2021-12-31	$50,000
Total contributions received or receivable from participants	2021-12-31	$17,443
Other income received	2021-12-31	$9,708
Net income (gross income less expenses)	2021-12-31	$34,306
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$132,785
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$98,479
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2021-12-31	$2,364
Total contributions received or receivable from employer(s)	2021-12-31	$9,155
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$2,000
2020 : CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$10
Total income from all sources	2020-12-31	$42,014
Expenses. Total of all expenses incurred	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$98,489
Total plan assets at beginning of year	2020-12-31	$56,465
Value of fidelity bond covering the plan	2020-12-31	$50,000
Total contributions received or receivable from participants	2020-12-31	$28,350
Contributions received from other sources (not participants or employers)	2020-12-31	$8,137
Other income received	2020-12-31	$-5,430
Net income (gross income less expenses)	2020-12-31	$42,014
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$98,479
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$56,465
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2020-12-31	$2,364
Assets. Value of employer securities	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$10,957
2019 : CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$3,996
Expenses. Total of all expenses incurred	2019-12-31	$468
Total plan assets at end of year	2019-12-31	$56,465
Total plan assets at beginning of year	2019-12-31	$52,937
Value of fidelity bond covering the plan	2019-12-31	$50,000
Total contributions received or receivable from participants	2019-12-31	$3,210
Other income received	2019-12-31	$-2,160
Net income (gross income less expenses)	2019-12-31	$3,528
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$56,465
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$52,937
Assets. Value of employer securities	2019-12-31	$10,000
Total contributions received or receivable from employer(s)	2019-12-31	$2,946
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$468

Form 5500 Responses for CLEVELAND INSURANCE SERVICES RETIREMENT PLAN

2023: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: CLEVELAND INSURANCE SERVICES RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

CLEVELAND INSURANCE SERVICES RETIREMENT PLAN [EIN = 462790011]

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Company Name:	701 INSURANCE SERVICES, LLC
Employer identification number (EIN):	473997566
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages