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BAY WOOD PRODUCTS INC GROUP LIFE PLAN 401k Plan overview

Plan NameBAY WOOD PRODUCTS INC GROUP LIFE PLAN
Plan identification number 501

BAY WOOD PRODUCTS INC GROUP LIFE PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance

401k Sponsoring company profile

BAY WOOD PRODUCTS INC has sponsored the creation of one or more 401k plans.

Company Name:BAY WOOD PRODUCTS INC
Employer identification number (EIN):631141631
NAIC Classification:321900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAY WOOD PRODUCTS INC GROUP LIFE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012015-03-01ROBERT NOYES ROBERT NOYES2016-04-27

Plan Statistics for BAY WOOD PRODUCTS INC GROUP LIFE PLAN

401k plan membership statisitcs for BAY WOOD PRODUCTS INC GROUP LIFE PLAN

Measure Date Value
2015: BAY WOOD PRODUCTS INC GROUP LIFE PLAN 2015 401k membership
Total participants, beginning-of-year2015-03-01131
Total number of active participants reported on line 7a of the Form 55002015-03-01119
Total of all active and inactive participants2015-03-01119
Total participants2015-03-01119

Form 5500 Responses for BAY WOOD PRODUCTS INC GROUP LIFE PLAN

2015: BAY WOOD PRODUCTS INC GROUP LIFE PLAN 2015 form 5500 responses
2015-03-01Type of plan entitySingle employer plan
2015-03-01First time form 5500 has been submittedYes
2015-03-01Submission has been amendedNo
2015-03-01This submission is the final filingNo
2015-03-01This return/report is a short plan year return/report (less than 12 months)No
2015-03-01Plan is a collectively bargained planNo
2015-03-01Plan funding arrangement – InsuranceYes
2015-03-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1042151
Policy instance 1
Insurance contract or identification number1042151
Number of Individuals Covered119
Insurance policy start date2015-03-01
Insurance policy end date2016-02-29
Total amount of commissions paid to insurance brokerUSD $1,675
Total amount of fees paid to insurance companyUSD $829
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?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
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 $16,987
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees829
Additional information about fees paid to insurance brokerTHIS IS A BONUS AMOUNT PAID AS AN ADMINISTRATIVE EXPENSE ALLOCATED ACROSS ALL POLICIES SOLD BY PRINCIPAL
Insurance broker organization code?3
Commission paid to Insurance BrokerUSD $1,675
Insurance broker nameKATHIE NOLAN JEFFCOAT

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