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BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502 401k Plan overview

Plan NameBAZELLA WORKS, LLC GROUP MEDICAL PLAN 502
Plan identification number 502

BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502 Benefits

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

401k Sponsoring company profile

BAZELLA WORKS has sponsored the creation of one or more 401k plans.

Company Name:BAZELLA WORKS
Employer identification number (EIN):825235939
NAIC Classification:238100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022023-03-01

Plan Statistics for BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502

401k plan membership statisitcs for BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502

Measure Date Value
2023: BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502 2023 401k membership
Total participants, beginning-of-year2023-03-0170
Total number of active participants reported on line 7a of the Form 55002023-03-0179
Number of retired or separated participants receiving benefits2023-03-011
Number of other retired or separated participants entitled to future benefits2023-03-010
Total of all active and inactive participants2023-03-0180

Financial Data on BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502

Measure Date Value
2023 : BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502 2023 401k financial data
Total plan liabilities at end of year2023-12-31$41,618
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$573,708
Expenses. Total of all expenses incurred2023-12-31$561,270
Benefits paid (including direct rollovers)2023-12-31$286,946
Total plan assets at end of year2023-12-31$54,056
Total plan assets at beginning of year2023-12-31$0
Value of fidelity bond covering the plan2023-12-31$500,000
Total contributions received or receivable from participants2023-12-31$3,999,485
Expenses. Other expenses not covered elsewhere2023-12-31$274,324
Contributions received from other sources (not participants or employers)2023-12-31$167
Other income received2023-12-31$944
Net income (gross income less expenses)2023-12-31$12,438
Net plan assets at end of year (total assets less liabilities)2023-12-31$12,438
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$-3,426,888
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$0

Form 5500 Responses for BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502

2023: BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502 2023 form 5500 responses
2023-03-01Type of plan entitySingle employer plan
2023-03-01First time form 5500 has been submittedYes
2023-03-01Submission has been amendedNo
2023-03-01This submission is the final filingNo
2023-03-01This return/report is a short plan year return/report (less than 12 months)Yes
2023-03-01Plan is a collectively bargained planNo
2023-03-01Plan funding arrangement – InsuranceYes
2023-03-01Plan funding arrangement – TrustYes
2023-03-01Plan benefit arrangement – InsuranceYes
2023-03-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

HM LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 93440 )
Policy contract number408479-A
Policy instance 1
Insurance contract or identification number408479-A
Number of Individuals Covered79
Insurance policy start date2023-03-01
Insurance policy end date2023-12-31
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 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 $219,853
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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