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BETCO, INC. 401k Plan overview

Plan NameBETCO, INC.
Plan identification number 503

BETCO, INC. Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Unfunded, fully insured, or combination unfunded/insured welfare plan that will not file a Form 5500 for next plan year pursuant to 29 CFR 2520.104-20.
  • Unfunded, fully insured, or combination unfunded/insured welfare plan that stopped filing form 5500s in an earlier plan year pursuant to 29 CFR 2520.104-20.

401k Sponsoring company profile

BETCO, INC. has sponsored the creation of one or more 401k plans.

Company Name:BETCO, INC.
Employer identification number (EIN):561430958
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BETCO, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032020-12-01SCOTT M. SANNES2021-09-13
5032019-12-01SCOTT M. SANNES2021-09-13
5032018-12-01SCOTT M. SANNES2020-08-10
5032017-12-01

Plan Statistics for BETCO, INC.

401k plan membership statisitcs for BETCO, INC.

Measure Date Value
2020: BETCO, INC. 2020 401k membership
Total participants, beginning-of-year2020-12-01146
Total number of active participants reported on line 7a of the Form 55002020-12-010
Number of retired or separated participants receiving benefits2020-12-010
Number of other retired or separated participants entitled to future benefits2020-12-010
Total of all active and inactive participants2020-12-010
Number of employers contributing to the scheme2020-12-010
2019: BETCO, INC. 2019 401k membership
Total participants, beginning-of-year2019-12-01177
Total number of active participants reported on line 7a of the Form 55002019-12-01146
Number of retired or separated participants receiving benefits2019-12-010
Number of other retired or separated participants entitled to future benefits2019-12-010
Total of all active and inactive participants2019-12-01146
Number of employers contributing to the scheme2019-12-010
2018: BETCO, INC. 2018 401k membership
Total participants, beginning-of-year2018-12-0199
Total number of active participants reported on line 7a of the Form 55002018-12-01100
Number of retired or separated participants receiving benefits2018-12-010
Number of other retired or separated participants entitled to future benefits2018-12-010
Total of all active and inactive participants2018-12-01100
Number of employers contributing to the scheme2018-12-010
2017: BETCO, INC. 2017 401k membership
Total participants, beginning-of-year2017-12-01103
Total number of active participants reported on line 7a of the Form 55002017-12-0199
Number of retired or separated participants receiving benefits2017-12-010
Number of other retired or separated participants entitled to future benefits2017-12-010
Total of all active and inactive participants2017-12-0199
Number of employers contributing to the scheme2017-12-010

Form 5500 Responses for BETCO, INC.

2020: BETCO, INC. 2020 form 5500 responses
2020-12-01Type of plan entitySingle employer plan
2020-12-01This submission is the final filingYes
2020-12-01This return/report is a short plan year return/report (less than 12 months)Yes
2020-12-01Plan funding arrangement – InsuranceYes
2020-12-01Plan benefit arrangement – InsuranceYes
2019: BETCO, INC. 2019 form 5500 responses
2019-12-01Type of plan entitySingle employer plan
2019-12-01Plan funding arrangement – InsuranceYes
2019-12-01Plan benefit arrangement – InsuranceYes
2018: BETCO, INC. 2018 form 5500 responses
2018-12-01Type of plan entitySingle employer plan
2018-12-01Plan funding arrangement – InsuranceYes
2018-12-01Plan benefit arrangement – InsuranceYes
2017: BETCO, INC. 2017 form 5500 responses
2017-12-01Type of plan entitySingle employer plan
2017-12-01First time form 5500 has been submittedYes
2017-12-01Plan funding arrangement – InsuranceYes
2017-12-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

BLUECROSS BLUESHIELD OF NORTH CAROLINA (National Association of Insurance Commissioners NAIC id number: 54631 )
Policy contract number082675
Policy instance 1
Insurance contract or identification number082675
Number of Individuals Covered147
Insurance policy start date2020-12-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
BLUECROSS BLUESHIELD OF NORTH CAROLINA (National Association of Insurance Commissioners NAIC id number: 54631 )
Policy contract number082675
Policy instance 1
Insurance contract or identification number082675
Number of Individuals Covered146
Insurance policy start date2019-12-01
Insurance policy end date2020-11-30
Total amount of commissions paid to insurance brokerUSD $57,834
Total amount of fees paid to insurance companyUSD $268
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $1,223,402
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
BLUECROSS BLUESHIELD OF NORTH CAROLINA (National Association of Insurance Commissioners NAIC id number: 54631 )
Policy contract number082675
Policy instance 1
Insurance contract or identification number082675
Number of Individuals Covered139
Insurance policy start date2018-12-01
Insurance policy end date2019-11-30
Total amount of commissions paid to insurance brokerUSD $39,667
Total amount of fees paid to insurance companyUSD $0
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $828,557
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $39,667
Amount paid for insurance broker fees0
Insurance broker organization code?3
UNITEDHEALTHCARE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 79413 )
Policy contract number669943
Policy instance 1
Insurance contract or identification number669943
Number of Individuals Covered138
Insurance policy start date2017-12-01
Insurance policy end date2018-11-30
Total amount of commissions paid to insurance brokerUSD $37,338
Total amount of fees paid to insurance companyUSD $0
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $718,840
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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