Logo

I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND 401k Plan overview

Plan NameI.A.T.S.E. LOCAL 16 WELFARE TRUST FUND
Plan identification number 501

I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Other welfare benefit cover

401k Sponsoring company profile

I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND has sponsored the creation of one or more 401k plans.

Company Name:I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND
Employer identification number (EIN):916138741
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012017-01-01STEVE LUTGE DEBRA BERNARD2018-10-05

Plan Statistics for I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND

401k plan membership statisitcs for I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND

Measure Date Value
2017: I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND 2017 401k membership
Total participants, beginning-of-year2017-01-011,246
Total number of active participants reported on line 7a of the Form 55002017-01-01932
Number of retired or separated participants receiving benefits2017-01-01171
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-011,103
Number of employers contributing to the scheme2017-01-01221

Financial Data on I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND

Measure Date Value
2017 : I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND 2017 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$2,330,344
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$1,818,736
Total income from all sources (including contributions)2017-12-31$17,255,726
Total of all expenses incurred2017-12-31$18,089,744
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$17,250,492
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$13,909,127
Value of total assets at end of year2017-12-31$12,292,073
Value of total assets at beginning of year2017-12-31$12,614,483
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$839,252
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$233,158
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$233,158
Administrative expenses professional fees incurred2017-12-31$131,063
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$716,192
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$706,620
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$1,009,152
Other income not declared elsewhere2017-12-31$2,892,289
Administrative expenses (other) incurred2017-12-31$447,732
Liabilities. Value of operating payables at end of year2017-12-31$18,344
Liabilities. Value of operating payables at beginning of year2017-12-31$41,336
Total non interest bearing cash at end of year2017-12-31$3,329,628
Total non interest bearing cash at beginning of year2017-12-31$3,930,822
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-834,018
Value of net assets at end of year (total assets less liabilities)2017-12-31$9,961,729
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$10,795,747
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$12,499
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$6,182,173
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$5,965,397
Value of interest in common/collective trusts at end of year2017-12-31$888,560
Value of interest in common/collective trusts at beginning of year2017-12-31$730,473
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$1,751,512
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$62,066
Net investment gain or loss from common/collective trusts2017-12-31$159,086
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$13,192,935
Employer contributions (assets) at end of year2017-12-31$1,185,092
Employer contributions (assets) at beginning of year2017-12-31$978,639
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$15,498,980
Contract administrator fees2017-12-31$247,958
Liabilities. Value of benefit claims payable at end of year2017-12-31$2,312,000
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$1,777,400
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31LINDQUIST LLP
Accountancy firm EIN2017-12-31522385396

Form 5500 Responses for I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND

2017: I.A.T.S.E. LOCAL 16 WELFARE TRUST FUND 2017 form 5500 responses
2017-01-01Type of plan entityMulti-employer plan
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

RELIASTAR LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 67105 )
Policy contract numberEXRK
Policy instance 1
Insurance contract or identification numberEXRK
Number of Individuals Covered946
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $129,878
Total amount of fees paid to insurance companyUSD $0
Welfare Benefit Premiums Paid to CarrierUSD $1,623,479
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $129,878
Insurance broker organization code?3
Insurance broker nameSTOP LOSS INSURANCE SERVICES, INC
SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number94238
Policy instance 2
Insurance contract or identification number94238
Number of Individuals Covered883
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $16,833
Total amount of fees paid to insurance companyUSD $2,459
Life Insurance Welfare BenefitYes
Other welfare benefits providedAD&D
Welfare Benefit Premiums Paid to CarrierUSD $110,770
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $16,833
Amount paid for insurance broker fees2459
Additional information about fees paid to insurance brokerBONUS AMOUNT
Insurance broker organization code?3
Insurance broker nameSTOP LOSS INSURANCE SERVICES, INC

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1