Plan Name | BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502 |
Plan identification number | 502 |
401k Plan Type | Welfare Benefit |
Plan Features/Benefits |
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Company Name: | BAZELLA WORKS |
Employer identification number (EIN): | 825235939 |
NAIC Classification: | 238100 |
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
502 | 2023-03-01 |
Measure | Date | Value |
---|---|---|
2023: BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502 2023 401k membership | ||
Total participants, beginning-of-year | 2023-03-01 | 70 |
Total number of active participants reported on line 7a of the Form 5500 | 2023-03-01 | 79 |
Number of retired or separated participants receiving benefits | 2023-03-01 | 1 |
Number of other retired or separated participants entitled to future benefits | 2023-03-01 | 0 |
Total of all active and inactive participants | 2023-03-01 | 80 |
Measure | Date | Value |
---|---|---|
2023 : BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502 2023 401k financial data | ||
Total plan liabilities at end of year | 2023-12-31 | $41,618 |
Total plan liabilities at beginning of year | 2023-12-31 | $0 |
Total income from all sources | 2023-12-31 | $573,708 |
Expenses. Total of all expenses incurred | 2023-12-31 | $561,270 |
Benefits paid (including direct rollovers) | 2023-12-31 | $286,946 |
Total plan assets at end of year | 2023-12-31 | $54,056 |
Total plan assets at beginning of year | 2023-12-31 | $0 |
Value of fidelity bond covering the plan | 2023-12-31 | $500,000 |
Total contributions received or receivable from participants | 2023-12-31 | $3,999,485 |
Expenses. Other expenses not covered elsewhere | 2023-12-31 | $274,324 |
Contributions received from other sources (not participants or employers) | 2023-12-31 | $167 |
Other income received | 2023-12-31 | $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 distributions | 2023-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2023-12-31 | $0 |
2023: BAZELLA WORKS, LLC GROUP MEDICAL PLAN 502 2023 form 5500 responses | ||
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2023-03-01 | Type of plan entity | Single employer plan |
2023-03-01 | First time form 5500 has been submitted | Yes |
2023-03-01 | Submission has been amended | No |
2023-03-01 | This submission is the final filing | No |
2023-03-01 | This return/report is a short plan year return/report (less than 12 months) | Yes |
2023-03-01 | Plan is a collectively bargained plan | No |
2023-03-01 | Plan funding arrangement – Insurance | Yes |
2023-03-01 | Plan funding arrangement – Trust | Yes |
2023-03-01 | Plan benefit arrangement – Insurance | Yes |
2023-03-01 | Plan benefit arrangement - Trust | Yes |
HM LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 93440 ) | |||||||||||||||||||||||||||||||||||||||||||||||
Policy contract number | 408479-A | ||||||||||||||||||||||||||||||||||||||||||||||
Policy instance | 1 | ||||||||||||||||||||||||||||||||||||||||||||||
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