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PROFESSIONAL BUSINESS PRODUCTS, INC. 401k Plan overview

Plan NamePROFESSIONAL BUSINESS PRODUCTS, INC.
Plan identification number 501

PROFESSIONAL BUSINESS PRODUCTS, INC. Benefits

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

401k Sponsoring company profile

PROFESSIONAL BUSINESS PRODUCTS, INC has sponsored the creation of one or more 401k plans.

Company Name:PROFESSIONAL BUSINESS PRODUCTS, INC
Employer identification number (EIN):550643784
NAIC Classification:532400
NAIC Description: Commercial and Industrial Machinery and Equipment Rental and Leasing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFESSIONAL BUSINESS PRODUCTS, INC.

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

Plan Statistics for PROFESSIONAL BUSINESS PRODUCTS, INC.

401k plan membership statisitcs for PROFESSIONAL BUSINESS PRODUCTS, INC.

Measure Date Value
2022: PROFESSIONAL BUSINESS PRODUCTS, INC. 2022 401k membership
Total participants, beginning-of-year2022-01-016
Total number of active participants reported on line 7a of the Form 55002022-01-017
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 participants2022-01-017
Total participants2022-01-017

Financial Data on PROFESSIONAL BUSINESS PRODUCTS, INC.

Measure Date Value
2022 : PROFESSIONAL BUSINESS PRODUCTS, INC. 2022 401k financial data
Total plan liabilities at end of year2022-12-31$6,889
Total income from all sources2022-12-31$65,696
Expenses. Total of all expenses incurred2022-12-31$65,696
Benefits paid (including direct rollovers)2022-12-31$61,238
Total plan assets at end of year2022-12-31$6,889
Total contributions received or receivable from participants2022-12-31$12,918
Net income (gross income less expenses)2022-12-31$0
Net plan assets at end of year (total assets less liabilities)2022-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$52,778
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$4,458

Form 5500 Responses for PROFESSIONAL BUSINESS PRODUCTS, INC.

2022: PROFESSIONAL BUSINESS PRODUCTS, INC. 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

UNITED HEALTHCARE SERVICES, INC. (National Association of Insurance Commissioners NAIC id number: 62111 )
Policy contract number1420453
Policy instance 1
Insurance contract or identification number1420453
Number of Individuals Covered7
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $1,587
Total amount of fees paid to insurance companyUSD $34,773
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,587
Additional information about fees paid to insurance brokerBONUS, SERVICE FEE, COMMISSION
Insurance broker organization code?3
Amount paid for insurance broker fees0

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