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SHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN 401k Plan overview

Plan NameSHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN
Plan identification number 501

SHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Dental

401k Sponsoring company profile

SHIELDS INSTALLATION COMMERCIAL FLOORING INC. has sponsored the creation of one or more 401k plans.

Company Name:SHIELDS INSTALLATION COMMERCIAL FLOORING INC.
Employer identification number (EIN):823125601
NAIC Classification:238300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012023-08-01KIMBERLY FRAKES2024-10-09 KIMBERLY FRAKES2024-10-09

Plan Statistics for SHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN

401k plan membership statisitcs for SHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN

Measure Date Value
2023: SHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN 2023 401k membership
Total participants, beginning-of-year2023-08-010
Total number of active participants reported on line 7a of the Form 55002023-08-0114
Total of all active and inactive participants2023-08-0114

Financial Data on SHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN

Measure Date Value
2023 : SHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN 2023 401k financial data
Total income from all sources2023-12-31$11,529
Expenses. Total of all expenses incurred2023-12-31$10,133
Benefits paid (including direct rollovers)2023-12-31$10,133
Total plan assets at end of year2023-12-31$1,396
Total plan assets at beginning of year2023-12-31$0
Other income received2023-12-31$-625
Net income (gross income less expenses)2023-12-31$1,396
Net plan assets at end of year (total assets less liabilities)2023-12-31$1,396
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$12,154

Form 5500 Responses for SHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN

2023: SHIELDS INSTALLATION COMMERCIAL FLOORING INC HEALTH AND WELFARE PLAN 2023 form 5500 responses
2023-08-01Type of plan entitySingle employer plan
2023-08-01First time form 5500 has been submittedYes
2023-08-01Submission has been amendedNo
2023-08-01This submission is the final filingNo
2023-08-01This return/report is a short plan year return/report (less than 12 months)Yes
2023-08-01Plan is a collectively bargained planNo
2023-08-01Plan funding arrangement – InsuranceYes
2023-08-01Plan funding arrangement – TrustYes
2023-08-01Plan benefit arrangement – InsuranceYes
2023-08-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

ALLSTATE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 0000 )
Policy contract numberL233757
Policy instance 1
Insurance contract or identification numberL233757
Number of Individuals Covered12
Insurance policy start date2023-08-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $766
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 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 BenefitYes
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
Welfare Benefit Premiums Paid to CarrierUSD $9,680
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
PRINCIPAL FINANCIAL GROUP, INC (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1180802
Policy instance 2
Insurance contract or identification number1180802
Number of Individuals Covered13
Insurance policy start date2023-08-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $91
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 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 BenefitYes
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
Welfare Benefit Premiums Paid to CarrierUSD $453
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes

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