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FAIRSTEAD MANAGEMENT LLC HEALTH AND WELFARE BENEFIT PLAN 401k Plan overview

Plan NameFAIRSTEAD MANAGEMENT LLC HEALTH AND WELFARE BENEFIT PLAN
Plan identification number 501

FAIRSTEAD MANAGEMENT LLC HEALTH AND WELFARE BENEFIT PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Death benefits (include travel accident but not life insurance)
  • Other welfare benefit cover

401k Sponsoring company profile

FAIRSTEAD MANAGEMENT LLC has sponsored the creation of one or more 401k plans.

Company Name:FAIRSTEAD MANAGEMENT LLC
Employer identification number (EIN):474853065
NAIC Classification:531310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAIRSTEAD MANAGEMENT LLC HEALTH AND WELFARE BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012022-01-01STEPHANIE PEREZ2023-11-16

Plan Statistics for FAIRSTEAD MANAGEMENT LLC HEALTH AND WELFARE BENEFIT PLAN

401k plan membership statisitcs for FAIRSTEAD MANAGEMENT LLC HEALTH AND WELFARE BENEFIT PLAN

Measure Date Value
2022: FAIRSTEAD MANAGEMENT LLC HEALTH AND WELFARE BENEFIT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011,000
Total number of active participants reported on line 7a of the Form 55002022-01-011,386
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-011,386
Number of employers contributing to the scheme2022-01-010

Form 5500 Responses for FAIRSTEAD MANAGEMENT LLC HEALTH AND WELFARE BENEFIT PLAN

2022: FAIRSTEAD MANAGEMENT LLC HEALTH AND WELFARE BENEFIT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – General assets of the sponsorYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – General assets of the sponsorYes

Insurance Providers Used on plan

ACI SPECIALTY BENEFITS (National Association of Insurance Commissioners NAIC id number: 00000 )
Policy contract numberFAIRSTEAD
Policy instance 1
Insurance contract or identification numberFAIRSTEAD
Number of Individuals Covered400
Insurance policy start date2022-12-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Other welfare benefits providedEMPLOYEE ASSISTANCE PROGRAM
Welfare Benefit Premiums Paid to CarrierUSD $440
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
UNITEDHEALTHCARE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 79413 )
Policy contract number926161
Policy instance 2
Insurance contract or identification number926161
Number of Individuals Covered1386
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $9,140
Total amount of fees paid to insurance companyUSD $218,433
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $5,862,633
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $9,140
Amount paid for insurance broker fees218433
Additional information about fees paid to insurance brokerSERVICE FEE AGREEMENT
Insurance broker organization code?3
CIGNA GROUP INSURANCE (National Association of Insurance Commissioners NAIC id number: 64548 )
Policy contract numberFLY960581
Policy instance 3
Insurance contract or identification numberFLY960581
Number of Individuals Covered1386
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $10,508
Total amount of fees paid to insurance companyUSD $6,707
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $121,880
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $10,508
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerGENERAL AGENCY FEES

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