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CYPRESS GROUP COMPANIES 401(K) PLAN 401k Plan overview

Plan NameCYPRESS GROUP COMPANIES 401(K) PLAN
Plan identification number 001

CYPRESS GROUP COMPANIES 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CYPRESS INSURANCE GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:CYPRESS INSURANCE GROUP, INC.
Employer identification number (EIN):593546481
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Additional information about CYPRESS INSURANCE GROUP, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1994-10-10
Company Identification Number: P94000074116
Legal Registered Office Address: 800 CORPORATE DRIVE

FORT LAUDERDALE

33334

More information about CYPRESS INSURANCE GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CYPRESS GROUP COMPANIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01DIANNE STEBBINS
0012014-01-01DIANNE STEBBINS2016-10-14
0012014-01-01RHONDA RENO2015-10-07
0012013-01-01GLENN LAWSON2014-10-14
0012012-01-01GLENN LAWSON2013-07-01
0012011-01-01JANET P. YIENGER2012-06-04
0012010-01-01GLENN LAWSON2011-03-31 GLENN LAWSON2011-03-31

Plan Statistics for CYPRESS GROUP COMPANIES 401(K) PLAN

401k plan membership statisitcs for CYPRESS GROUP COMPANIES 401(K) PLAN

Measure Date Value
2015: CYPRESS GROUP COMPANIES 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01128
Total number of active participants reported on line 7a of the Form 55002015-01-0178
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0119
Total of all active and inactive participants2015-01-0197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0197
Number of participants with account balances2015-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012

Financial Data on CYPRESS GROUP COMPANIES 401(K) PLAN

Measure Date Value
2015 : CYPRESS GROUP COMPANIES 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$824,667
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$192,960
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$188,665
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$980,459
Value of total assets at end of year2015-12-31$3,120,834
Value of total assets at beginning of year2015-12-31$2,489,127
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$4,295
Total interest from all sources2015-12-31$2,149
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$4,295
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$365,886
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$469,916
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$77,350
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$56,299
Total non interest bearing cash at end of year2015-12-31$11,734
Total non interest bearing cash at beginning of year2015-12-31$6,460
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$631,707
Value of net assets at end of year (total assets less liabilities)2015-12-31$3,120,834
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,489,127
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in pooled separate accounts at end of year2015-12-31$3,031,750
Value of interest in pooled separate accounts at beginning of year2015-12-31$2,324,772
Interest on participant loans2015-12-31$2,149
Net investment gain/loss from pooled separate accounts2015-12-31$-157,941
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$144,657
Employer contributions (assets) at end of year2015-12-31$0
Employer contributions (assets) at beginning of year2015-12-31$101,596
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$188,665
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31WEISERMAZARS, LLP
Accountancy firm EIN2015-12-31131459550

Form 5500 Responses for CYPRESS GROUP COMPANIES 401(K) PLAN

2015: CYPRESS GROUP COMPANIES 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number94933
Policy instance 1
Insurance contract or identification number94933
Number of Individuals Covered122
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $14,768
Total amount of fees paid to insurance companyUSD $3,300
Are there contracts with allocated funds for individual policies?No
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?Yes
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 $11,046
Insurance broker organization code?3
Amount paid for insurance broker fees3300
Additional information about fees paid to insurance brokerTPA FEES PAID
Insurance broker namePENCOR, INC.

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