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NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN 401k Plan overview

Plan NameNEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN
Plan identification number 002

NEW YORK INSURANCE ASSOCIATION 401K SAVINGS 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

NEW YORK INSURANCE ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK INSURANCE ASSOCIATION
Employer identification number (EIN):161521843
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022013-01-01ELLEN MELCHIONNI2014-05-07
0022012-01-01ELLEN MELCHIONNI2013-08-22
0022011-01-01ELLEN MELCHIONNI2012-10-08
0022010-01-01ELLEN MELCHIONNI2011-07-25

Plan Statistics for NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN

401k plan membership statisitcs for NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN

Measure Date Value
2025: NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-037
Total number of particpants at end of year2025-06-037
Number of Participants With Account Balances2025-06-037
2024: NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-307
Total number of particpants at end of year2024-07-307
Number of Participants With Account Balances2024-07-307
2022: NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN 2022 401k membership
Total number of particpants at beginning of year2022-04-197
Total number of particpants at end of year2022-04-197
Number of Participants With Account Balances2022-04-197

Financial Data on NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN

Measure Date Value
2025 : NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-030
Net assets as of the end of the plan year2025-06-033383969
Total assets as of the beginning of the plan year2025-06-032772009
Value of plan covered by a fidelity bond2025-06-03309232
Participant contributions to plan in this plan year2025-06-0377720
Other income to plan in this plan year2025-06-03406970
Plan net income in this plan year2025-06-03611960
Net assets as of the end of the plan year2025-06-033383969
Net assets as of the beginning of the plan year2025-06-032772009
Employer contributions to plan in this plan year2025-06-03127270
2024 : NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-30500135
Net assets as of the end of the plan year2024-07-302772009
Total assets as of the beginning of the plan year2024-07-302688668
Value of plan covered by a fidelity bond2024-07-30309232
Participant contributions to plan in this plan year2024-07-3067200
Other income to plan in this plan year2024-07-30405581
Plan net income in this plan year2024-07-3083341
Net assets as of the end of the plan year2024-07-302772009
Net assets as of the beginning of the plan year2024-07-302688668
Employer contributions to plan in this plan year2024-07-30110695
Fees paid to broker by Benefit Provider2024-07-306685
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-30135
2022 : NEW YORK INSURANCE ASSOCIATION 401K SAVINGS PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-04-190
Net assets as of the end of the plan year2022-04-193092319
Total assets as of the beginning of the plan year2022-04-192578781
Value of plan covered by a fidelity bond2022-04-19257879
Participant contributions to plan in this plan year2022-04-1951970
Other income to plan in this plan year2022-04-19364088
Plan net income in this plan year2022-04-19513538
Net assets as of the end of the plan year2022-04-193092319
Net assets as of the beginning of the plan year2022-04-192578781
Employer contributions to plan in this plan year2022-04-1997480
Fees paid to broker by Benefit Provider2022-04-197036

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