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METSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN 401k Plan overview

Plan NameMETSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN
Plan identification number 501

METSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN Benefits

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

401k Sponsoring company profile

METSON MARINE SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:METSON MARINE SERVICES, INC.
Employer identification number (EIN):880308650
NAIC Classification:488300
NAIC Description: Support Activities for Water Transportation

Additional information about METSON MARINE SERVICES, INC.

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 1993-10-29
Company Identification Number: 19931085866
Legal Registered Office Address: 9120 DOUBLE DIAMOND PKWY

RENO
United States of America (USA)
89521

More information about METSON MARINE SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan METSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012023-07-01TESSA RANDOPOULOS2024-10-01 TESSA RANDOPOULOS2024-10-01

Plan Statistics for METSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN

401k plan membership statisitcs for METSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN

Measure Date Value
2023: METSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN 2023 401k membership
Total participants, beginning-of-year2023-07-010
Total number of active participants reported on line 7a of the Form 55002023-07-0190
Total of all active and inactive participants2023-07-0190

Financial Data on METSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN

Measure Date Value
2023 : METSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN 2023 401k financial data
Total income from all sources2023-12-31$285,826
Expenses. Total of all expenses incurred2023-12-31$272,456
Benefits paid (including direct rollovers)2023-12-31$266,851
Total plan assets at end of year2023-12-31$13,370
Total plan assets at beginning of year2023-12-31$0
Other income received2023-12-31$-252
Net income (gross income less expenses)2023-12-31$13,370
Net plan assets at end of year (total assets less liabilities)2023-12-31$13,370
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$286,078
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$5,605

Form 5500 Responses for METSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN

2023: METSON MARINE SERVICES, INC. HEALTH AND WELFARE PLAN 2023 form 5500 responses
2023-07-01Type of plan entitySingle employer plan
2023-07-01First time form 5500 has been submittedYes
2023-07-01Submission has been amendedNo
2023-07-01This submission is the final filingNo
2023-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2023-07-01Plan is a collectively bargained planNo
2023-07-01Plan funding arrangement – InsuranceYes
2023-07-01Plan funding arrangement – TrustYes
2023-07-01Plan benefit arrangement – InsuranceYes
2023-07-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

CIGNA HEALTH (National Association of Insurance Commissioners NAIC id number: 00000 )
Policy contract number00650545
Policy instance 1
Insurance contract or identification number00650545
Number of Individuals Covered60
Insurance policy start date2023-07-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
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 $247,748
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: 71161 )
Policy contract number
Policy instance 2
Number of Individuals Covered63
Insurance policy start date2023-07-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
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 $17,041
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes

Potentially related plans

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