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PROCESS MANUFACTURING COMPANY MEDICAL AND DENTAL PLAN 401k Plan overview

Plan NamePROCESS MANUFACTURING COMPANY MEDICAL AND DENTAL PLAN
Plan identification number 501

PROCESS MANUFACTURING COMPANY MEDICAL AND DENTAL PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Dental
  • Unfunded, fully insured, or combination unfunded/insured welfare plan that will not file a Form 5500 for next plan year pursuant to 29 CFR 2520.104-20.

401k Sponsoring company profile

PROCESS MANUFACTURING CO, INC has sponsored the creation of one or more 401k plans.

Company Name:PROCESS MANUFACTURING CO, INC
Employer identification number (EIN):730964378
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROCESS MANUFACTURING COMPANY MEDICAL AND DENTAL PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012020-01-01JULIANNE SCHUTTE2021-07-26

Plan Statistics for PROCESS MANUFACTURING COMPANY MEDICAL AND DENTAL PLAN

401k plan membership statisitcs for PROCESS MANUFACTURING COMPANY MEDICAL AND DENTAL PLAN

Measure Date Value
2020: PROCESS MANUFACTURING COMPANY MEDICAL AND DENTAL PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01100
Total number of active participants reported on line 7a of the Form 55002020-01-0140
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-0140
Number of employers contributing to the scheme2020-01-010

Form 5500 Responses for PROCESS MANUFACTURING COMPANY MEDICAL AND DENTAL PLAN

2020: PROCESS MANUFACTURING COMPANY MEDICAL AND DENTAL PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

BLUECROSS BLUESHIELD OF TEXAS (National Association of Insurance Commissioners NAIC id number: 70670 )
Policy contract number259445
Policy instance 1
Insurance contract or identification number259445
Number of Individuals Covered94
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $30,089
Total amount of fees paid to insurance companyUSD $0
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $524,567
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $30,089
Amount paid for insurance broker fees0
Insurance broker organization code?3

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