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OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameOHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN
Plan identification number 001

OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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

OHIO VALLEY INSURANCE, LLC has sponsored the creation of one or more 401k plans.

Company Name:OHIO VALLEY INSURANCE, LLC
Employer identification number (EIN):200819964
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MS. LINDSEY HAGAN2024-06-11
0012022-01-01MS. LINDSEY HAGAN2023-10-04
0012021-01-01MS. LINDSEY HAGAN2022-09-30
0012020-01-01DAN HARDAWAY2021-09-22
0012019-01-01DAN HARDAWAY2020-10-07
0012018-01-01DAN HARDAWAY2019-09-26
0012017-01-01DAN HARDAWAY2018-10-04
0012016-01-01DAN HARDAWAY2017-09-05
0012015-01-01DAN HARDAWAY2016-07-11
0012014-01-01DAN HARDAWAY2015-09-01
0012013-01-01DAN HARDAWAY2014-10-07

Plan Statistics for OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2025: OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-1637
Total number of particpants at end of year2025-06-1642
Number of Participants With Account Balances2025-06-1630
2024: OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-1137
Total number of particpants at end of year2024-06-1135
Number of Participants With Account Balances2024-06-1125
2022: OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-09-3023
Total number of particpants at end of year2022-09-3020
Number of Participants With Account Balances2022-09-3018

Financial Data on OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-160
Total liabilities as of the end of the plan year2025-06-160
Total liabilities as of the beginning of the plan year2025-06-160
Total expenses incurred by plan in this plan year2025-06-1676273
Net assets as of the end of the plan year2025-06-16902667
Total assets as of the beginning of the plan year2025-06-16709223
Value of plan covered by a fidelity bond2025-06-16500000
Participant contributions to plan in this plan year2025-06-16102742
Other expenses paid from plan in this plan year2025-06-1611954
Other contributions to plan in this plan year2025-06-160
Other income to plan in this plan year2025-06-16107599
Plan net income in this plan year2025-06-16193444
Net assets as of the end of the plan year2025-06-16902667
Net assets as of the beginning of the plan year2025-06-16709223
Employer contributions to plan in this plan year2025-06-1659376
Fees paid to broker by Benefit Provider2025-06-166472
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-160
2024 : OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-1142528
Net assets as of the end of the plan year2024-06-11709223
Total assets as of the beginning of the plan year2024-06-11495648
Value of plan covered by a fidelity bond2024-06-11500000
Participant contributions to plan in this plan year2024-06-1170093
Other contributions to plan in this plan year2024-06-1128171
Other income to plan in this plan year2024-06-11110962
Plan net income in this plan year2024-06-11213575
Net assets as of the end of the plan year2024-06-11709223
Net assets as of the beginning of the plan year2024-06-11495648
Employer contributions to plan in this plan year2024-06-1146877
Fees paid to broker by Benefit Provider2024-06-114629
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-118595
2022 : OHIO VALLEY CROP INSURANCE, LLC 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-304412145
Net assets as of the end of the plan year2022-09-30608800
Total assets as of the beginning of the plan year2022-09-301718873
Value of plan covered by a fidelity bond2022-09-30500000
Participant contributions to plan in this plan year2022-09-3035117
Other contributions to plan in this plan year2022-09-303024019
Other income to plan in this plan year2022-09-30213678
Plan net income in this plan year2022-09-30-1110073
Net assets as of the end of the plan year2022-09-30608800
Net assets as of the beginning of the plan year2022-09-301718873
Employer contributions to plan in this plan year2022-09-3029258
Fees paid to broker by Benefit Provider2022-09-3011669
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-3019825

Potentially related plans

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