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FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameFOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN
Plan identification number 001

FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FOUNDERS INSURANCE GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:FOUNDERS INSURANCE GROUP, INC.
Employer identification number (EIN):061275790
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01DENNIS DRESSEL
0012014-01-01DENNIS DRESSEL
0012013-01-01DENNIS DRESSEL
0012012-01-01DENNIS DRESSEL
0012011-01-01DENNIS DRESSEL
0012009-01-01DENNIS DRESSEL

Financial Data on FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2015 : FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2015 401k financial data
Transfers to/from the plan2015-12-01$0
Total plan liabilities at end of year2015-12-01$0
Total plan liabilities at beginning of year2015-12-01$0
Total income from all sources2015-12-01$174,612
Expenses. Total of all expenses incurred2015-12-01$2,961,177
Benefits paid (including direct rollovers)2015-12-01$2,959,525
Total plan assets at end of year2015-12-01$0
Total plan assets at beginning of year2015-12-01$2,786,565
Value of fidelity bond covering the plan2015-12-01$300,000
Total contributions received or receivable from participants2015-12-01$84,603
Expenses. Other expenses not covered elsewhere2015-12-01$0
Contributions received from other sources (not participants or employers)2015-12-01$22,619
Other income received2015-12-01$33,443
Noncash contributions received2015-12-01$0
Net income (gross income less expenses)2015-12-01$-2,786,565
Net plan assets at end of year (total assets less liabilities)2015-12-01$0
Net plan assets at beginning of year (total assets less liabilities)2015-12-01$2,786,565
Total contributions received or receivable from employer(s)2015-12-01$33,947
Value of certain deemed distributions of participant loans2015-12-01$0
Value of corrective distributions2015-12-01$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-01$1,652
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-01$0
2014 : FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$364,920
Expenses. Total of all expenses incurred2014-12-31$177,187
Benefits paid (including direct rollovers)2014-12-31$174,517
Total plan assets at end of year2014-12-31$2,786,565
Total plan assets at beginning of year2014-12-31$2,598,832
Value of fidelity bond covering the plan2014-12-31$300,000
Total contributions received or receivable from participants2014-12-31$153,281
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$146,212
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$187,733
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,786,565
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,598,832
Assets. Value of participant loans2014-12-31$13,944
Total contributions received or receivable from employer(s)2014-12-31$65,427
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$2,670
2013 : FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$570,853
Expenses. Total of all expenses incurred2013-12-31$20,682
Benefits paid (including direct rollovers)2013-12-31$17,682
Total plan assets at end of year2013-12-31$2,598,832
Total plan assets at beginning of year2013-12-31$2,048,661
Value of fidelity bond covering the plan2013-12-31$300,000
Total contributions received or receivable from participants2013-12-31$152,808
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$9,047
Other income received2013-12-31$376,092
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$550,171
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,598,832
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,048,661
Assets. Value of participant loans2013-12-31$20,217
Total contributions received or receivable from employer(s)2013-12-31$32,906
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$3,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$451,266
Expenses. Total of all expenses incurred2012-12-31$291,732
Benefits paid (including direct rollovers)2012-12-31$288,951
Total plan assets at end of year2012-12-31$2,048,661
Total plan assets at beginning of year2012-12-31$1,889,127
Value of fidelity bond covering the plan2012-12-31$300,000
Total contributions received or receivable from participants2012-12-31$151,928
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$10,135
Other income received2012-12-31$271,811
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$159,534
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,048,661
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,889,127
Assets. Value of participant loans2012-12-31$60,591
Total contributions received or receivable from employer(s)2012-12-31$17,392
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$2,781
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$125,034
Expenses. Total of all expenses incurred2011-12-31$146,210
Benefits paid (including direct rollovers)2011-12-31$142,878
Total plan assets at end of year2011-12-31$1,889,127
Total plan assets at beginning of year2011-12-31$1,910,303
Value of fidelity bond covering the plan2011-12-31$300,000
Total contributions received or receivable from participants2011-12-31$153,008
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-38,102
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-21,176
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,889,127
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,910,303
Assets. Value of participant loans2011-12-31$86,937
Total contributions received or receivable from employer(s)2011-12-31$10,128
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$3,332
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$395,148
Expenses. Total of all expenses incurred2010-12-31$356,958
Benefits paid (including direct rollovers)2010-12-31$356,814
Total plan assets at end of year2010-12-31$1,910,303
Total plan assets at beginning of year2010-12-31$1,872,113
Value of fidelity bond covering the plan2010-12-31$300,000
Total contributions received or receivable from participants2010-12-31$159,016
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$50,911
Other income received2010-12-31$185,221
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$38,190
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,910,303
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,872,113
Assets. Value of participant loans2010-12-31$118,756
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$144
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN

2015: FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01This submission is the final filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: FOUNDERS INSURANCE GROUP, INC. 401(K) RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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