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GEAC GROUP LIFE/AD&D PLAN 401k Plan overview

Plan NameGEAC GROUP LIFE/AD&D PLAN
Plan identification number 503

GEAC GROUP LIFE/AD&D PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

GOVERNMENTAL AND EDUCATIONAL ASSISTANCE CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:GOVERNMENTAL AND EDUCATIONAL ASSISTANCE CORPORATION
Employer identification number (EIN):621691489
NAIC Classification:623000
NAIC Description: Nursing and Residential Care Facilities

Additional information about GOVERNMENTAL AND EDUCATIONAL ASSISTANCE CORPORATION

Jurisdiction of Incorporation: Arkansas Secretary of State
Incorporation Date:
Company Identification Number: 100144766

More information about GOVERNMENTAL AND EDUCATIONAL ASSISTANCE CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GEAC GROUP LIFE/AD&D PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032017-03-01SCOTT HAMMAN
5032017-03-01SCOTT HAMMAN2022-01-28

Plan Statistics for GEAC GROUP LIFE/AD&D PLAN

401k plan membership statisitcs for GEAC GROUP LIFE/AD&D PLAN

Measure Date Value
2017: GEAC GROUP LIFE/AD&D PLAN 2017 401k membership
Total participants, beginning-of-year2017-03-01110
Total number of active participants reported on line 7a of the Form 55002017-03-010
Number of retired or separated participants receiving benefits2017-03-010
Number of other retired or separated participants entitled to future benefits2017-03-010
Total of all active and inactive participants2017-03-010
Number of employers contributing to the scheme2017-03-010

Form 5500 Responses for GEAC GROUP LIFE/AD&D PLAN

2017: GEAC GROUP LIFE/AD&D PLAN 2017 form 5500 responses
2017-03-01Type of plan entitySingle employer plan
2017-03-01First time form 5500 has been submittedYes
2017-03-01Submission has been amendedNo
2017-03-01This submission is the final filingNo
2017-03-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-03-01Plan is a collectively bargained planNo
2017-03-01Plan funding arrangement – InsuranceYes
2017-03-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract numberTS05359743
Policy instance 1
Insurance contract or identification numberTS05359743
Number of Individuals Covered248
Insurance policy start date2017-03-01
Insurance policy end date2017-06-30
Total amount of commissions paid to insurance brokerUSD $3,795
Total amount of fees paid to insurance companyUSD $612
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $9,490
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,794
Amount paid for insurance broker fees392
Additional information about fees paid to insurance brokerSUPPLEMENTAL COMPENSATION
Insurance broker organization code?3
Insurance broker nameUSI INSURANCE SERVICES

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