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THE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES 401k Plan overview

Plan NameTHE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES
Plan identification number 005

THE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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(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.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

THE ARC JEFFERSON - ST. LAWRENCE has sponsored the creation of one or more 401k plans.

Company Name:THE ARC JEFFERSON - ST. LAWRENCE
Employer identification number (EIN):161134631
NAIC Classification:624100
NAIC Description: Individual and Family Services

Additional information about THE ARC JEFFERSON - ST. LAWRENCE

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1979-10-16
Company Identification Number: 587668
Legal Registered Office Address: GAFFNEY DR
Jefferson
WATERTOWN
United States of America (USA)
13601

More information about THE ARC JEFFERSON - ST. LAWRENCE

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052020-01-01

Plan Statistics for THE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES

401k plan membership statisitcs for THE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES

Measure Date Value
2020: THE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES 2020 401k membership
Total participants, beginning-of-year2020-01-01559
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on THE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES

Measure Date Value
2020 : THE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES 2020 401k financial data
Total transfer of assets from this plan2020-12-11$10,135,288
Total income from all sources (including contributions)2020-12-11$1,912,461
Total of all expenses incurred2020-12-11$980,219
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-11$966,585
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-11$741,861
Value of total assets at end of year2020-12-11$0
Value of total assets at beginning of year2020-12-11$9,203,046
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-11$13,634
Total interest from all sources2020-12-11$67,836
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-11No
Administrative expenses professional fees incurred2020-12-11$11,419
Was this plan covered by a fidelity bond2020-12-11Yes
Value of fidelity bond cover2020-12-11$1,000,000
If this is an individual account plan, was there a blackout period2020-12-11Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-11$0
Were there any nonexempt tranactions with any party-in-interest2020-12-11No
Contributions received from participants2020-12-11$573,595
Participant contributions at end of year2020-12-11$0
Participant contributions at beginning of year2020-12-11$555,052
Participant contributions at end of year2020-12-11$0
Participant contributions at beginning of year2020-12-11$26,452
Income. Received or receivable in cash from other sources (including rollovers)2020-12-11$690
Other income not declared elsewhere2020-12-11$82,588
Administrative expenses (other) incurred2020-12-11$2,215
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-11No
Value of net income/loss2020-12-11$932,242
Value of net assets at end of year (total assets less liabilities)2020-12-11$0
Value of net assets at beginning of year (total assets less liabilities)2020-12-11$9,203,046
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-11No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-11No
Were any leases to which the plan was party in default or uncollectible2020-12-11No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-11$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-11$6,883,226
Interest on participant loans2020-12-11$31,594
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-11$36,242
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-11$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-11$1,738,316
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-11$1,020,176
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-11No
Was there a failure to transmit to the plan any participant contributions2020-12-11No
Has the plan failed to provide any benefit when due under the plan2020-12-11No
Contributions received in cash from employer2020-12-11$167,576
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-11$966,585
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-11Yes
Did the plan have assets held for investment2020-12-11Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-11No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-11Yes
Opinion of an independent qualified public accountant for this plan2020-12-11Disclaimer
Accountancy firm name2020-12-11BONADIO & CO., LLP
Accountancy firm EIN2020-12-11161131146

Form 5500 Responses for THE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES

2020: THE ARC JEFFERSON-ST. LAWRENCE 403(B) PLAN FOR ST. LAWRENCE COUNTY EMPLOYEES 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-D2-CA9L
Policy instance 1
Insurance contract or identification numberGAP-D2-CA9L
Number of Individuals Covered0
Insurance policy start date2020-01-01
Insurance policy end date2020-12-11
Total amount of commissions paid to insurance brokerUSD $6,134
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $6,134
Insurance broker organization code?3

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