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NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN 401k Plan overview

Plan NameNEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN
Plan identification number 002

NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC.
Employer identification number (EIN):223082434
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Additional information about NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC.

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 1998-05-11
Company Identification Number: 19981222826
Legal Registered Office Address: 701 S CARSON ST STE 200

CARSON CITY
United States of America (USA)
89701

More information about NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022010-01-01DAVID MALKIN2011-09-12
0022008-01-01DAVID B. MALKIN

Plan Statistics for NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN

401k plan membership statisitcs for NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN

Measure Date Value
2008: NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year2008-01-0113
Total number of active participants reported on line 7a of the Form 55002008-01-0111
Number of retired or separated participants receiving benefits2008-01-010
Number of other retired or separated participants entitled to future benefits2008-01-012
Total of all active and inactive participants2008-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-01-010
Total participants2008-01-0113
Number of participants with account balances2008-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-011

Financial Data on NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN

Measure Date Value
2008 : NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN 2008 401k financial data
Total income from all sources2008-12-31$-1,452,947
Expenses. Total of all expenses incurred2008-12-31$39,233
Benefits paid (including direct rollovers)2008-12-31$39,233
Total plan assets at end of year2008-12-31$2,762,237
Total plan assets at beginning of year2008-12-31$4,254,417
Value of fidelity bond covering the plan2008-12-31$100,000
Total contributions received or receivable from participants2008-12-31$10,100
Other income received2008-12-31$-1,463,047
Net income (gross income less expenses)2008-12-31$-1,492,180
Net plan assets at end of year (total assets less liabilities)2008-12-31$2,762,237
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$4,254,417

Form 5500 Responses for NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN

2008: NEW JERSEY LIFE & CASUALTY ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedYes
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – InsuranceYes
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement – InsuranceYes
2008-01-01Plan benefit arrangement - TrustYes

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