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THE HESS AGENCY INC PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE HESS AGENCY INC PROFIT SHARING PLAN
Plan identification number 001

THE HESS AGENCY INC PROFIT SHARING 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.
  • 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.
  • 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

THE HESS AGENCY INC has sponsored the creation of one or more 401k plans.

Company Name:THE HESS AGENCY INC
Employer identification number (EIN):232824187
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE HESS AGENCY INC PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01STEVEN FAUS2024-04-22 STEVEN FAUS2024-04-22
0012022-01-01STEVEN FAUS2023-03-20 STEVEN FAUS2023-03-20
0012021-01-01STEVEN FAUS2022-03-31 STEVEN FAUS2022-03-31
0012020-01-01STEVEN FAUS2021-03-29 STEVEN FAUS2021-03-29
0012019-01-01STEVEN FAUS2020-08-03 STEVEN FAUS2020-08-03
0012018-01-01STEVEN FAUS2019-07-01 STEVEN FAUS2019-07-01
0012017-01-01STEVEN FAUS2018-04-11 STEVEN FAUS2018-04-11
0012016-01-01STEVEN FAUS2017-02-20 STEVEN FAUS2017-02-20
0012014-01-01STEVEN FAUS2015-02-27 STEVEN FAUS2015-02-27
0012013-01-01STEVEN FAUS2014-02-28 STEVEN FAUS2014-02-28
0012012-01-01STEVEN FAUS2013-02-27 STEVEN FAUS2013-02-27
0012011-01-01STEVEN FAUS2012-02-21 STEVEN FAUS2012-02-21
0012010-01-01STEVEN FAUS2011-05-05 STEVEN FAUS2011-05-05

Plan Statistics for THE HESS AGENCY INC PROFIT SHARING PLAN

401k plan membership statisitcs for THE HESS AGENCY INC PROFIT SHARING PLAN

Measure Date Value
2025: THE HESS AGENCY INC PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-02-1039
Total number of particpants at end of year2025-02-1042
Number of Participants With Account Balances2025-02-1042
2024: THE HESS AGENCY INC PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-04-2238
Total number of particpants at end of year2024-04-2240
Number of Participants With Account Balances2024-04-2240

Financial Data on THE HESS AGENCY INC PROFIT SHARING PLAN

Measure Date Value
2025 : THE HESS AGENCY INC PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-02-100
Total liabilities as of the end of the plan year2025-02-100
Total liabilities as of the beginning of the plan year2025-02-100
Total expenses incurred by plan in this plan year2025-02-101339456
Net assets as of the end of the plan year2025-02-1014537882
Total assets as of the beginning of the plan year2025-02-1013803166
Value of plan covered by a fidelity bond2025-02-10500000
Participant contributions to plan in this plan year2025-02-10269278
Value of participant loans at end of plan year2025-02-1037760
Other expenses paid from plan in this plan year2025-02-100
Other contributions to plan in this plan year2025-02-1023198
Other income to plan in this plan year2025-02-101723663
Plan net income in this plan year2025-02-10734716
Net assets as of the end of the plan year2025-02-1014537882
Net assets as of the beginning of the plan year2025-02-1013803166
Employer contributions to plan in this plan year2025-02-1058033
Expensese paid to adminstrative service provicers from plan in this plan year2025-02-1042135
2024 : THE HESS AGENCY INC PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-220
Total liabilities as of the end of the plan year2024-04-220
Total liabilities as of the beginning of the plan year2024-04-220
Total expenses incurred by plan in this plan year2024-04-22776995
Net assets as of the end of the plan year2024-04-2213803166
Total assets as of the beginning of the plan year2024-04-2211234533
Value of plan covered by a fidelity bond2024-04-22500000
Participant contributions to plan in this plan year2024-04-22236360
Value of participant loans at end of plan year2024-04-2219332
Other expenses paid from plan in this plan year2024-04-220
Other contributions to plan in this plan year2024-04-22840946
Other income to plan in this plan year2024-04-221696889
Plan net income in this plan year2024-04-222568633
Net assets as of the end of the plan year2024-04-2213803166
Net assets as of the beginning of the plan year2024-04-2211234533
Employer contributions to plan in this plan year2024-04-22571433
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-2235807

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