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TRIA FEDERAL HEALTH & WELFARE PLAN 401k Plan overview

Plan NameTRIA FEDERAL HEALTH & WELFARE PLAN
Plan identification number 501

TRIA FEDERAL HEALTH & WELFARE PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Death benefits (include travel accident but not life insurance)
  • Other welfare benefit cover

401k Sponsoring company profile

BEST PRACTICE ASSOCIATES, LLC has sponsored the creation of one or more 401k plans.

Company Name:BEST PRACTICE ASSOCIATES, LLC
Employer identification number (EIN):861136238
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TRIA FEDERAL HEALTH & WELFARE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012023-01-01HENRY MATTA-GARCIA2024-07-25

Plan Statistics for TRIA FEDERAL HEALTH & WELFARE PLAN

401k plan membership statisitcs for TRIA FEDERAL HEALTH & WELFARE PLAN

Measure Date Value
2023: TRIA FEDERAL HEALTH & WELFARE PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01100
Total number of active participants reported on line 7a of the Form 55002023-01-01838
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-01838
Number of employers contributing to the scheme2023-01-010

Form 5500 Responses for TRIA FEDERAL HEALTH & WELFARE PLAN

2023: TRIA FEDERAL HEALTH & WELFARE PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01First time form 5500 has been submittedYes
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – General assets of the sponsorYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement – General assets of the sponsorYes

Insurance Providers Used on plan

CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES (National Association of Insurance Commissioners NAIC id number: 67369 )
Policy contract number3345363
Policy instance 1
Insurance contract or identification number3345363
Number of Individuals Covered656
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $26,513
Total amount of fees paid to insurance companyUSD $203,500
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitYes
Other welfare benefits providedTELEHEALTH, ACCIDENT, CRITICAL ILLNESS, HOSPITAL
Welfare Benefit Premiums Paid to CarrierUSD $8,072,657
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VISION SERVICE PLAN (National Association of Insurance Commissioners NAIC id number: 53031 )
Policy contract number40152111
Policy instance 2
Insurance contract or identification number40152111
Number of Individuals Covered627
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $6,750
Total amount of fees paid to insurance companyUSD $0
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $135,472
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65675 )
Policy contract numberSA2890LF1027
Policy instance 3
Insurance contract or identification numberSA2890LF1027
Number of Individuals Covered838
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $32,224
Total amount of fees paid to insurance companyUSD $23,069
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT,EMPLOYEE ASSISTANCE PROGRAM
Welfare Benefit Premiums Paid to CarrierUSD $644,486
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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