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SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 401k Plan overview

Plan NameSOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE
Plan identification number 002

SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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.
  • Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL, INC.
Employer identification number (EIN):580957513
NAIC Classification:624100
NAIC Description: Individual and Family Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-11-01
0022020-11-01
0022019-11-01
0022019-11-01
0022018-11-01
0022009-01-01MYRTIS NDAWULA

Plan Statistics for SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE

401k plan membership statisitcs for SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE

Measure Date Value
2022: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2022 401k membership
Total participants, beginning-of-year2022-01-01467
Total number of active participants reported on line 7a of the Form 55002022-01-01467
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0153
Total of all active and inactive participants2022-01-01521
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01521
Number of participants with account balances2022-01-01268
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-019
2021: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2021 401k membership
Total participants, beginning-of-year2021-11-01362
Total number of active participants reported on line 7a of the Form 55002021-11-01333
Number of retired or separated participants receiving benefits2021-11-010
Number of other retired or separated participants entitled to future benefits2021-11-0130
Total of all active and inactive participants2021-11-01363
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-11-011
Total participants2021-11-01364
Number of participants with account balances2021-11-01301
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-11-019
2020: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2020 401k membership
Total participants, beginning-of-year2020-11-01342
Total number of active participants reported on line 7a of the Form 55002020-11-01330
Number of retired or separated participants receiving benefits2020-11-010
Number of other retired or separated participants entitled to future benefits2020-11-0131
Total of all active and inactive participants2020-11-01361
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-11-011
Total participants2020-11-01362
Number of participants with account balances2020-11-01304
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-11-016
2019: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2019 401k membership
Total participants, beginning-of-year2019-11-01342
Total number of active participants reported on line 7a of the Form 55002019-11-01317
Number of retired or separated participants receiving benefits2019-11-010
Number of other retired or separated participants entitled to future benefits2019-11-0124
Total of all active and inactive participants2019-11-01341
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-11-011
Total participants2019-11-01342
Number of participants with account balances2019-11-01315
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-11-0112
2018: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2018 401k membership
Total participants, beginning-of-year2018-11-01284
Total number of active participants reported on line 7a of the Form 55002018-11-01327
Number of retired or separated participants receiving benefits2018-11-010
Number of other retired or separated participants entitled to future benefits2018-11-0115
Total of all active and inactive participants2018-11-01342
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-11-010
Total participants2018-11-01342
Number of participants with account balances2018-11-01319
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-11-0122
2009: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2009 401k membership
Total participants, beginning-of-year2009-01-010
Total number of active participants reported on line 7a of the Form 55002009-01-010
Total of all active and inactive participants2009-01-010
Total participants2009-01-010
Number of participants with account balances2009-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE

Measure Date Value
2022 : SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$0
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets from this plan2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$421,316
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$643,668
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$641,616
Value of total corrective distributions2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$760,427
Value of total assets at end of year2022-12-31$3,033,149
Value of total assets at beginning of year2022-12-31$3,255,501
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$2,052
Total interest from all sources2022-12-31$7,583
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$0
Assets. Real estate other than employer real property at end of year2022-12-31$0
Assets. Real estate other than employer real property at beginning of year2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$315,453
Participant contributions at end of year2022-12-31$38,751
Participant contributions at beginning of year2022-12-31$62,120
Participant contributions at end of year2022-12-31$11,361
Participant contributions at beginning of year2022-12-31$0
Assets. Other investments not covered elsewhere at end of year2022-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$185,706
Assets. Loans (other than to participants) at end of year2022-12-31$0
Assets. Loans (other than to participants) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$0
Administrative expenses (other) incurred2022-12-31$2,052
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Income. Non cash contributions2022-12-31$0
Value of net income/loss2022-12-31$-222,352
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,033,149
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$3,255,501
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$0
Assets. partnership/joint venture interests at beginning of year2022-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,176,860
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,267,273
Interest on participant loans2022-12-31$5,248
Income. Interest from loans (other than to participants)2022-12-31$0
Interest earned on other investments2022-12-31$2,335
Income. Interest from US Government securities2022-12-31$0
Income. Interest from corporate debt instruments2022-12-31$0
Value of interest in master investment trust accounts at end of year2022-12-31$0
Value of interest in master investment trust accounts at beginning of year2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$0
Value of interest in common/collective trusts at beginning of year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2022-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$796,815
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$926,108
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$0
Asset value of US Government securities at end of year2022-12-31$0
Asset value of US Government securities at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$0
Net investment gain/loss from pooled separate accounts2022-12-31$-346,694
Net investment gain or loss from common/collective trusts2022-12-31$0
Net gain/loss from 103.12 investment entities2022-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$259,268
Employer contributions (assets) at end of year2022-12-31$9,362
Employer contributions (assets) at beginning of year2022-12-31$0
Income. Dividends from preferred stock2022-12-31$0
Income. Dividends from common stock2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$641,616
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$0
Aggregate carrying amount (costs) on sale of assets2022-12-31$0
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CLAUSELL & ASSOCIATED,PC
Accountancy firm EIN2022-12-31581798795
2021 : SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$176,256
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$74,168
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$16,484
Expenses. Certain deemed distributions of participant loans2021-12-31$29,798
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$115,509
Value of total assets at end of year2021-12-31$3,225,706
Value of total assets at beginning of year2021-12-31$3,123,618
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$27,886
Total interest from all sources2021-12-31$1,611
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$63,357
Participant contributions at end of year2021-12-31$32,322
Participant contributions at beginning of year2021-12-31$64,139
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$0
Other income not declared elsewhere2021-12-31$22,718
Administrative expenses (other) incurred2021-12-31$27,886
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$102,088
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,225,706
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,123,618
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$2,267,275
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,247,881
Interest on participant loans2021-12-31$185
Interest earned on other investments2021-12-31$1,426
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$926,109
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$811,598
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Net investment gain/loss from pooled separate accounts2021-12-31$36,418
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$52,152
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$16,484
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CLAUSELL & ASSOCIATED,PC
Accountancy firm EIN2021-12-31581798795
Total unrealized appreciation/depreciation of assets2021-10-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-10-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-10-31$0
Total income from all sources (including contributions)2021-10-31$1,547,290
Total loss/gain on sale of assets2021-10-31$0
Total of all expenses incurred2021-10-31$272,871
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-10-31$271,441
Expenses. Certain deemed distributions of participant loans2021-10-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-10-31$1,132,572
Value of total assets at end of year2021-10-31$3,123,618
Value of total assets at beginning of year2021-10-31$1,849,199
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-10-31$1,430
Total interest from all sources2021-10-31$7,666
Total dividends received (eg from common stock, registered investment company shares)2021-10-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-10-31No
Was this plan covered by a fidelity bond2021-10-31Yes
Value of fidelity bond cover2021-10-31$500,000
If this is an individual account plan, was there a blackout period2021-10-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-10-31$0
Were there any nonexempt tranactions with any party-in-interest2021-10-31No
Contributions received from participants2021-10-31$335,535
Participant contributions at end of year2021-10-31$64,140
Participant contributions at beginning of year2021-10-31$44,949
Income. Received or receivable in cash from other sources (including rollovers)2021-10-31$522,562
Administrative expenses (other) incurred2021-10-31$1,430
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-10-31No
Value of net income/loss2021-10-31$1,274,419
Value of net assets at end of year (total assets less liabilities)2021-10-31$3,123,618
Value of net assets at beginning of year (total assets less liabilities)2021-10-31$1,849,199
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-10-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-10-31No
Were any leases to which the plan was party in default or uncollectible2021-10-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-10-31$2,247,881
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-10-31$1,444,344
Interest on participant loans2021-10-31$1,146
Interest earned on other investments2021-10-31$6,520
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-10-31$811,597
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-10-31$359,906
Expenses. Payments to insurance carriers foe the provision of benefits2021-10-31$0
Net investment gain/loss from pooled separate accounts2021-10-31$407,052
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-10-31No
Was there a failure to transmit to the plan any participant contributions2021-10-31Yes
Has the plan failed to provide any benefit when due under the plan2021-10-31No
Contributions received in cash from employer2021-10-31$274,475
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-10-31$271,441
Did the plan have assets held for investment2021-10-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-10-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-10-31No
Opinion of an independent qualified public accountant for this plan2021-10-31Unqualified
Accountancy firm name2021-10-31CLAWSELL & ASSOCIATES, P.C.
Accountancy firm EIN2021-10-31581798795
2020 : SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-10-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-10-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-10-31$0
Total income from all sources (including contributions)2020-10-31$762,941
Total loss/gain on sale of assets2020-10-31$0
Total of all expenses incurred2020-10-31$316,484
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-10-31$303,383
Expenses. Certain deemed distributions of participant loans2020-10-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-10-31$699,384
Value of total assets at end of year2020-10-31$1,849,199
Value of total assets at beginning of year2020-10-31$1,402,742
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-10-31$13,101
Total interest from all sources2020-10-31$3,735
Total dividends received (eg from common stock, registered investment company shares)2020-10-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-10-31No
Was this plan covered by a fidelity bond2020-10-31Yes
Value of fidelity bond cover2020-10-31$500,000
If this is an individual account plan, was there a blackout period2020-10-31No
Were there any nonexempt tranactions with any party-in-interest2020-10-31No
Contributions received from participants2020-10-31$360,940
Participant contributions at end of year2020-10-31$44,949
Participant contributions at beginning of year2020-10-31$25,995
Income. Received or receivable in cash from other sources (including rollovers)2020-10-31$39,816
Other income not declared elsewhere2020-10-31$0
Administrative expenses (other) incurred2020-10-31$13,101
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-10-31No
Value of net income/loss2020-10-31$446,457
Value of net assets at end of year (total assets less liabilities)2020-10-31$1,849,199
Value of net assets at beginning of year (total assets less liabilities)2020-10-31$1,402,742
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-10-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-10-31No
Were any leases to which the plan was party in default or uncollectible2020-10-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-10-31$1,444,344
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-10-31$1,190,992
Interest on participant loans2020-10-31$898
Interest earned on other investments2020-10-31$2,837
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-10-31$359,906
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-10-31$185,755
Expenses. Payments to insurance carriers foe the provision of benefits2020-10-31$0
Net investment gain/loss from pooled separate accounts2020-10-31$59,822
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-10-31No
Was there a failure to transmit to the plan any participant contributions2020-10-31Yes
Has the plan failed to provide any benefit when due under the plan2020-10-31No
Contributions received in cash from employer2020-10-31$298,628
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-10-31$303,383
Did the plan have assets held for investment2020-10-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-10-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-10-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-10-31Yes
Opinion of an independent qualified public accountant for this plan2020-10-31Disclaimer
Accountancy firm name2020-10-31CLAUSELL & ASSOCIATES, P.C.
Accountancy firm EIN2020-10-31581798759
2019 : SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-10-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-10-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-10-31$0
Total income from all sources (including contributions)2019-10-31$1,619,999
Total loss/gain on sale of assets2019-10-31$0
Total of all expenses incurred2019-10-31$217,257
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-10-31$200,328
Expenses. Certain deemed distributions of participant loans2019-10-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-10-31$1,525,602
Value of total assets at end of year2019-10-31$1,402,742
Value of total assets at beginning of year2019-10-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-10-31$16,929
Total interest from all sources2019-10-31$2,688
Total dividends received (eg from common stock, registered investment company shares)2019-10-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-10-31No
Was this plan covered by a fidelity bond2019-10-31Yes
Value of fidelity bond cover2019-10-31$500,000
If this is an individual account plan, was there a blackout period2019-10-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-10-31$0
Were there any nonexempt tranactions with any party-in-interest2019-10-31No
Contributions received from participants2019-10-31$364,607
Participant contributions at end of year2019-10-31$25,995
Income. Received or receivable in cash from other sources (including rollovers)2019-10-31$855,487
Other income not declared elsewhere2019-10-31$0
Administrative expenses (other) incurred2019-10-31$16,929
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-10-31No
Value of net income/loss2019-10-31$1,402,742
Value of net assets at end of year (total assets less liabilities)2019-10-31$1,402,742
Value of net assets at beginning of year (total assets less liabilities)2019-10-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-10-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-10-31No
Were any leases to which the plan was party in default or uncollectible2019-10-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-10-31$1,190,992
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-10-31$0
Interest on participant loans2019-10-31$407
Interest earned on other investments2019-10-31$2,281
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-10-31$185,755
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-10-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-10-31$0
Net investment gain/loss from pooled separate accounts2019-10-31$91,709
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-10-31No
Was there a failure to transmit to the plan any participant contributions2019-10-31Yes
Has the plan failed to provide any benefit when due under the plan2019-10-31No
Contributions received in cash from employer2019-10-31$305,508
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-10-31$200,328
Did the plan have assets held for investment2019-10-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-10-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-10-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-10-31Yes
Opinion of an independent qualified public accountant for this plan2019-10-31Disclaimer
Accountancy firm name2019-10-31CLAUSELL & ASSOCIATES, P.C.
Accountancy firm EIN2019-10-31581798795

Form 5500 Responses for SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE

2022: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
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 planYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – InsuranceYes
2021: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2021 form 5500 responses
2021-11-01Type of plan entitySingle employer plan
2021-11-01Submission has been amendedNo
2021-11-01This submission is the final filingNo
2021-11-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-11-01Plan is a collectively bargained planNo
2021-11-01Plan funding arrangement – InsuranceYes
2021-11-01Plan benefit arrangement – InsuranceYes
2020: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2020 form 5500 responses
2020-11-01Type of plan entitySingle employer plan
2020-11-01Submission has been amendedNo
2020-11-01This submission is the final filingNo
2020-11-01This return/report is a short plan year return/report (less than 12 months)No
2020-11-01Plan is a collectively bargained planNo
2020-11-01Plan funding arrangement – InsuranceYes
2020-11-01Plan benefit arrangement – InsuranceYes
2019: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2019 form 5500 responses
2019-11-01Type of plan entitySingle employer plan
2019-11-01Submission has been amendedYes
2019-11-01This submission is the final filingNo
2019-11-01This return/report is a short plan year return/report (less than 12 months)No
2019-11-01Plan is a collectively bargained planNo
2019-11-01Plan funding arrangement – InsuranceYes
2019-11-01Plan benefit arrangement – InsuranceYes
2018: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2018 form 5500 responses
2018-11-01Type of plan entitySingle employer plan
2018-11-01First time form 5500 has been submittedYes
2018-11-01Submission has been amendedNo
2018-11-01This submission is the final filingNo
2018-11-01This return/report is a short plan year return/report (less than 12 months)No
2018-11-01Plan is a collectively bargained planNo
2018-11-01Plan funding arrangement – InsuranceYes
2018-11-01Plan benefit arrangement – InsuranceYes
2009: SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL 403B TAX DEFERRED ANNUITY - ING LIFE INSURANCE 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingYes
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number061498
Policy instance 1
Insurance contract or identification number061498
Number of Individuals Covered521
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $2,471
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 Administration1
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 BenefitNo
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 $0
Amount paid for insurance broker fees2471
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP
Insurance broker organization code?3
MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number061498A
Policy instance 1
Insurance contract or identification number061498A
Number of Individuals Covered364
Insurance policy start date2021-11-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $2,529
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 Administration1
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 BenefitNo
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 $0
Amount paid for insurance broker fees2529
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3
MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number061498A
Policy instance 1
Insurance contract or identification number061498A
Number of Individuals Covered362
Insurance policy start date2020-11-01
Insurance policy end date2021-10-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $2,529
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 Administration1
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 BenefitNo
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 $0
Amount paid for insurance broker fees2529
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3
MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number061498A
Policy instance 1
Insurance contract or identification number061498A
Number of Individuals Covered342
Insurance policy start date2019-11-01
Insurance policy end date2020-10-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
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 Administration1
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 BenefitNo
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
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3
MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number061498A
Policy instance 1
Insurance contract or identification number061498A
Number of Individuals Covered342
Insurance policy start date2018-11-01
Insurance policy end date2019-10-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
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 Administration1
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 BenefitNo
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

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