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VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 401k Plan overview

Plan NameVOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD
Plan identification number 503

VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Dental
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Other welfare benefit cover

401k Sponsoring company profile

DRAKE SOFTWARE LLC has sponsored the creation of one or more 401k plans.

Company Name:DRAKE SOFTWARE LLC
Employer identification number (EIN):561494243
NAIC Classification:541511
NAIC Description:Custom Computer Programming Services

Additional information about DRAKE SOFTWARE LLC

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 0175704

More information about DRAKE SOFTWARE LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032022-01-01MIKE MCFERRIN2023-10-11
5032021-01-01MIKE MCFERRIN2022-10-11
5032020-01-01PAUL MARTIN2021-09-27
5032019-01-01PAUL MARTIN2020-10-07
5032018-01-01PAUL MARTIN2019-07-17
5032017-01-01
5032016-01-01
5032015-01-01
5032014-01-01

Plan Statistics for VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD

401k plan membership statisitcs for VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD

Measure Date Value
2022: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2022 401k membership
Total participants, beginning-of-year2022-01-0183
Total number of active participants reported on line 7a of the Form 55002022-01-0141
Total of all active and inactive participants2022-01-0141
2021: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2021 401k membership
Total participants, beginning-of-year2021-01-01550
Total number of active participants reported on line 7a of the Form 55002021-01-0183
Total of all active and inactive participants2021-01-0183
2020: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2020 401k membership
Total participants, beginning-of-year2020-01-01561
Total number of active participants reported on line 7a of the Form 55002020-01-01550
Total of all active and inactive participants2020-01-01550
2019: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2019 401k membership
Total participants, beginning-of-year2019-01-01632
Total number of active participants reported on line 7a of the Form 55002019-01-01561
Total of all active and inactive participants2019-01-01561
2018: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2018 401k membership
Total participants, beginning-of-year2018-01-01705
Total number of active participants reported on line 7a of the Form 55002018-01-01632
Total of all active and inactive participants2018-01-01632
2017: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2017 401k membership
Total participants, beginning-of-year2017-01-01739
Total number of active participants reported on line 7a of the Form 55002017-01-01705
Total of all active and inactive participants2017-01-01705
2016: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2016 401k membership
Total participants, beginning-of-year2016-01-01449
Total number of active participants reported on line 7a of the Form 55002016-01-01739
Total of all active and inactive participants2016-01-01739
Total participants2016-01-01739
2015: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2015 401k membership
Total participants, beginning-of-year2015-01-01424
Total number of active participants reported on line 7a of the Form 55002015-01-01449
Total of all active and inactive participants2015-01-01449
Total participants2015-01-01449
2014: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2014 401k membership
Total participants, beginning-of-year2014-01-010
Total number of active participants reported on line 7a of the Form 55002014-01-01424
Total of all active and inactive participants2014-01-01424
Total participants2014-01-01424

Form 5500 Responses for VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD

2022: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – InsuranceYes
2021: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes
2020: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan benefit arrangement – InsuranceYes
2019: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan benefit arrangement – InsuranceYes
2018: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan benefit arrangement – InsuranceYes
2017: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan benefit arrangement – InsuranceYes
2016: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan benefit arrangement – InsuranceYes
2015: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan benefit arrangement – InsuranceYes
2014: VOLUNTARY BENEFITS PLAN FOR THE EMPLOYEES OF DRAKE ENTERPRISES, LTD 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number0009N559
Policy instance 1
Insurance contract or identification number0009N559
Number of Individuals Covered41
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $3,553
Total amount of fees paid to insurance companyUSD $71
Other welfare benefits providedACCIDENT, CANCER & VOL CRITICAL ILL
Welfare Benefit Premiums Paid to CarrierUSD $16,016
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,787
Insurance broker organization code?3
Amount paid for insurance broker fees71
Additional information about fees paid to insurance brokerADDITIONAL COMPENSATION
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number0009N559
Policy instance 1
Insurance contract or identification number0009N559
Number of Individuals Covered83
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $15,111
Total amount of fees paid to insurance companyUSD $18,926
Other welfare benefits providedACCIDENT, CANCER & VOL CRITICAL ILL
Welfare Benefit Premiums Paid to CarrierUSD $75,555
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $15,111
Amount paid for insurance broker fees18926
Additional information about fees paid to insurance brokerADDITIONAL COMPENSATION PAID
Insurance broker organization code?3
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number0009N559
Policy instance 1
Insurance contract or identification number0009N559
Number of Individuals Covered550
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $40,984
Total amount of fees paid to insurance companyUSD $0
Other welfare benefits providedACCIDENT, CANCER & VOL CRITICAL ILL
Welfare Benefit Premiums Paid to CarrierUSD $204,919
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $40,984
Insurance broker organization code?4
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number000EI625
Policy instance 2
Insurance contract or identification number000EI625
Number of Individuals Covered550
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $5,925
Total amount of fees paid to insurance companyUSD $0
Other welfare benefits providedACCIDENT, CANCER & VOL CRITICAL ILL
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5,925
Insurance broker organization code?1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number0009N559
Policy instance 1
Insurance contract or identification number0009N559
Number of Individuals Covered561
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $36,811
Total amount of fees paid to insurance companyUSD $0
Other welfare benefits providedAD&D, CANCER
Welfare Benefit Premiums Paid to CarrierUSD $184,054
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $36,811
Insurance broker organization code?4
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number00506019
Policy instance 1
Insurance contract or identification number00506019
Number of Individuals Covered632
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $38,691
Total amount of fees paid to insurance companyUSD $0
Other welfare benefits providedAD&D, CANCER
Welfare Benefit Premiums Paid to CarrierUSD $193,454
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $38,691
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number
Policy instance 1
Number of Individuals Covered705
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $28,511
Total amount of fees paid to insurance companyUSD $0
Other welfare benefits providedAD&D, CANCER
Welfare Benefit Premiums Paid to CarrierUSD $104,336
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $28,511
Insurance broker organization code?3
Insurance broker nameDIGITAL INS INC
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number
Policy instance 1
Number of Individuals Covered449
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $75,704
Total amount of fees paid to insurance companyUSD $0
Other welfare benefits providedAD&D, CANCER
Welfare Benefit Premiums Paid to CarrierUSD $211,165
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $75,704
Insurance broker organization code?3
Insurance broker nameDIGITAL INS INC
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number
Policy instance 1
Number of Individuals Covered424
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $93,637
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Other welfare benefits providedAD&D & CANCER
Welfare Benefit Premiums Paid to CarrierUSD $149,658
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $93,637
Insurance broker organization code?3
Insurance broker nameDIGITAL INSURANCE. INC.

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