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PALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT BENEFITS & WELFARE PLAN 401k Plan overview

Plan NamePALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT BENEFITS & WELFARE PLAN
Plan identification number 506

PALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT BENEFITS & WELFARE PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Death benefits (include travel accident but not life insurance)
  • 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

PALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT has sponsored the creation of one or more 401k plans.

Company Name:PALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT
Employer identification number (EIN):823602002
NAIC Classification:333200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT BENEFITS & WELFARE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5062023-05-01ERIN PEARSON2024-10-23

Plan Statistics for PALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT BENEFITS & WELFARE PLAN

401k plan membership statisitcs for PALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT BENEFITS & WELFARE PLAN

Measure Date Value
2023: PALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT BENEFITS & WELFARE PLAN 2023 401k membership
Total participants, beginning-of-year2023-05-01100
Total number of active participants reported on line 7a of the Form 55002023-05-0175
Number of retired or separated participants receiving benefits2023-05-010
Number of other retired or separated participants entitled to future benefits2023-05-010
Total of all active and inactive participants2023-05-0175
Number of employers contributing to the scheme2023-05-010

Form 5500 Responses for PALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT BENEFITS & WELFARE PLAN

2023: PALLETEC, LLC DBA VIKING ENGINEERING & DEVELOPMENT BENEFITS & WELFARE PLAN 2023 form 5500 responses
2023-05-01Type of plan entitySingle employer plan
2023-05-01First time form 5500 has been submittedYes
2023-05-01Plan funding arrangement – InsuranceYes
2023-05-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number50164
Policy instance 1
Insurance contract or identification number50164
Number of Individuals Covered75
Insurance policy start date2023-05-01
Insurance policy end date2024-04-30
Total amount of commissions paid to insurance brokerUSD $8,164
Total amount of fees paid to insurance companyUSD $1,531
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $58,898
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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