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MEDICAL INSURANCE PLAN 401k Plan overview

Plan NameMEDICAL INSURANCE PLAN
Plan identification number 501

MEDICAL INSURANCE PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)

401k Sponsoring company profile

BNZ MATERIALS, INC. has sponsored the creation of one or more 401k plans.

Company Name:BNZ MATERIALS, INC.
Employer identification number (EIN):251560314
NAIC Classification:327100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDICAL INSURANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012021-12-01
5012020-12-01
5012019-12-01
5012018-12-01
5012017-12-01
5012016-12-01LARRY PEDERSON
5012015-12-01LARRY PEDERSON
5012010-01-01LARRY PEDERSON
5012009-01-01LARRY PEDERSON

Plan Statistics for MEDICAL INSURANCE PLAN

401k plan membership statisitcs for MEDICAL INSURANCE PLAN

Measure Date Value
2021: MEDICAL INSURANCE PLAN 2021 401k membership
Total participants, beginning-of-year2021-12-0180
Total number of active participants reported on line 7a of the Form 55002021-12-0176
Number of retired or separated participants receiving benefits2021-12-011
Number of other retired or separated participants entitled to future benefits2021-12-010
Total of all active and inactive participants2021-12-0177
2020: MEDICAL INSURANCE PLAN 2020 401k membership
Total participants, beginning-of-year2020-12-0181
Total number of active participants reported on line 7a of the Form 55002020-12-0180
Number of retired or separated participants receiving benefits2020-12-010
Number of other retired or separated participants entitled to future benefits2020-12-010
Total of all active and inactive participants2020-12-0180
2019: MEDICAL INSURANCE PLAN 2019 401k membership
Total participants, beginning-of-year2019-12-0180
Total number of active participants reported on line 7a of the Form 55002019-12-0181
Number of retired or separated participants receiving benefits2019-12-010
Number of other retired or separated participants entitled to future benefits2019-12-010
Total of all active and inactive participants2019-12-0181
2018: MEDICAL INSURANCE PLAN 2018 401k membership
Total participants, beginning-of-year2018-12-0173
Total number of active participants reported on line 7a of the Form 55002018-12-0192
Number of retired or separated participants receiving benefits2018-12-010
Number of other retired or separated participants entitled to future benefits2018-12-010
Total of all active and inactive participants2018-12-0192
2017: MEDICAL INSURANCE PLAN 2017 401k membership
Total participants, beginning-of-year2017-12-0180
Total number of active participants reported on line 7a of the Form 55002017-12-0173
Number of retired or separated participants receiving benefits2017-12-010
Number of other retired or separated participants entitled to future benefits2017-12-010
Total of all active and inactive participants2017-12-0173
2016: MEDICAL INSURANCE PLAN 2016 401k membership
Total participants, beginning-of-year2016-12-0188
Total number of active participants reported on line 7a of the Form 55002016-12-0180
Number of retired or separated participants receiving benefits2016-12-010
Number of other retired or separated participants entitled to future benefits2016-12-010
Total of all active and inactive participants2016-12-0180
2015: MEDICAL INSURANCE PLAN 2015 401k membership
Total participants, beginning-of-year2015-12-0178
Total number of active participants reported on line 7a of the Form 55002015-12-0188
Number of retired or separated participants receiving benefits2015-12-010
Number of other retired or separated participants entitled to future benefits2015-12-010
Total of all active and inactive participants2015-12-0188
2010: MEDICAL INSURANCE PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01101
Total number of active participants reported on line 7a of the Form 55002010-01-0174
Number of retired or separated participants receiving benefits2010-01-0111
Total of all active and inactive participants2010-01-0185
Total participants2010-01-0185
2009: MEDICAL INSURANCE PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01101
Total number of active participants reported on line 7a of the Form 55002009-01-0195
Number of retired or separated participants receiving benefits2009-01-016
Total of all active and inactive participants2009-01-01101
Total participants2009-01-01101

Financial Data on MEDICAL INSURANCE PLAN

Measure Date Value
2022 : MEDICAL INSURANCE PLAN 2022 401k financial data
Total plan liabilities at end of year2022-11-30$65,768
Total plan liabilities at beginning of year2022-11-30$155,352
Total income from all sources2022-11-30$1,148,266
Expenses. Total of all expenses incurred2022-11-30$1,110,450
Benefits paid (including direct rollovers)2022-11-30$655,316
Total plan assets at end of year2022-11-30$58,010
Total plan assets at beginning of year2022-11-30$109,778
Value of fidelity bond covering the plan2022-11-30$600,000
Total contributions received or receivable from participants2022-11-30$237,719
Expenses. Other expenses not covered elsewhere2022-11-30$410,298
Contributions received from other sources (not participants or employers)2022-11-30$0
Other income received2022-11-30$35
Net income (gross income less expenses)2022-11-30$37,816
Net plan assets at end of year (total assets less liabilities)2022-11-30$-7,758
Net plan assets at beginning of year (total assets less liabilities)2022-11-30$-45,574
Total contributions received or receivable from employer(s)2022-11-30$910,512
Value of corrective distributions2022-11-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-11-30$44,836
2021 : MEDICAL INSURANCE PLAN 2021 401k financial data
Total plan liabilities at end of year2021-11-30$155,352
Total plan liabilities at beginning of year2021-11-30$70,926
Total income from all sources2021-11-30$1,028,494
Expenses. Total of all expenses incurred2021-11-30$1,040,895
Benefits paid (including direct rollovers)2021-11-30$555,071
Total plan assets at end of year2021-11-30$109,778
Total plan assets at beginning of year2021-11-30$37,753
Value of fidelity bond covering the plan2021-11-30$600,000
Total contributions received or receivable from participants2021-11-30$219,380
Expenses. Other expenses not covered elsewhere2021-11-30$369,891
Other income received2021-11-30$98
Net income (gross income less expenses)2021-11-30$-12,401
Net plan assets at end of year (total assets less liabilities)2021-11-30$-45,574
Net plan assets at beginning of year (total assets less liabilities)2021-11-30$-33,173
Total contributions received or receivable from employer(s)2021-11-30$809,016
Value of corrective distributions2021-11-30$85,243
Expenses. Administrative service providers (salaries,fees and commissions)2021-11-30$30,690
2020 : MEDICAL INSURANCE PLAN 2020 401k financial data
Total plan liabilities at end of year2020-11-30$70,926
Total plan liabilities at beginning of year2020-11-30$62,195
Total income from all sources2020-11-30$1,155,388
Expenses. Total of all expenses incurred2020-11-30$1,487,563
Benefits paid (including direct rollovers)2020-11-30$858,947
Total plan assets at end of year2020-11-30$37,753
Total plan assets at beginning of year2020-11-30$361,197
Value of fidelity bond covering the plan2020-11-30$600,000
Total contributions received or receivable from participants2020-11-30$251,305
Expenses. Other expenses not covered elsewhere2020-11-30$392,092
Contributions received from other sources (not participants or employers)2020-11-30$5,782
Other income received2020-11-30$520
Net income (gross income less expenses)2020-11-30$-332,175
Net plan assets at end of year (total assets less liabilities)2020-11-30$-33,173
Net plan assets at beginning of year (total assets less liabilities)2020-11-30$299,002
Total contributions received or receivable from employer(s)2020-11-30$897,781
Value of corrective distributions2020-11-30$201,764
Expenses. Administrative service providers (salaries,fees and commissions)2020-11-30$34,760
2019 : MEDICAL INSURANCE PLAN 2019 401k financial data
Total plan liabilities at end of year2019-11-30$62,195
Total plan liabilities at beginning of year2019-11-30$79,063
Total income from all sources2019-11-30$1,162,364
Expenses. Total of all expenses incurred2019-11-30$1,124,288
Benefits paid (including direct rollovers)2019-11-30$482,506
Total plan assets at end of year2019-11-30$361,197
Total plan assets at beginning of year2019-11-30$339,989
Value of fidelity bond covering the plan2019-11-30$600,000
Total contributions received or receivable from participants2019-11-30$193,626
Expenses. Other expenses not covered elsewhere2019-11-30$352,140
Contributions received from other sources (not participants or employers)2019-11-30$0
Other income received2019-11-30$914
Net income (gross income less expenses)2019-11-30$38,076
Net plan assets at end of year (total assets less liabilities)2019-11-30$299,002
Net plan assets at beginning of year (total assets less liabilities)2019-11-30$260,926
Total contributions received or receivable from employer(s)2019-11-30$967,824
Value of corrective distributions2019-11-30$243,128
Expenses. Administrative service providers (salaries,fees and commissions)2019-11-30$46,514
2017 : MEDICAL INSURANCE PLAN 2017 401k financial data
Total plan liabilities at end of year2017-11-30$59,994
Total plan liabilities at beginning of year2017-11-30$62,943
Total income from all sources2017-11-30$1,037,209
Expenses. Total of all expenses incurred2017-11-30$856,638
Benefits paid (including direct rollovers)2017-11-30$446,850
Total plan assets at end of year2017-11-30$326,079
Total plan assets at beginning of year2017-11-30$148,457
Value of fidelity bond covering the plan2017-11-30$600,000
Expenses. Other expenses not covered elsewhere2017-11-30$274,879
Other income received2017-11-30$562
Net income (gross income less expenses)2017-11-30$180,571
Net plan assets at end of year (total assets less liabilities)2017-11-30$266,085
Net plan assets at beginning of year (total assets less liabilities)2017-11-30$85,514
Total contributions received or receivable from employer(s)2017-11-30$1,036,647
Value of corrective distributions2017-11-30$93,801
Expenses. Administrative service providers (salaries,fees and commissions)2017-11-30$41,108
2016 : MEDICAL INSURANCE PLAN 2016 401k financial data
Total plan liabilities at end of year2016-11-30$62,943
Total plan liabilities at beginning of year2016-11-30$0
Total income from all sources2016-11-30$940,884
Expenses. Total of all expenses incurred2016-11-30$855,370
Benefits paid (including direct rollovers)2016-11-30$565,583
Total plan assets at end of year2016-11-30$148,457
Total plan assets at beginning of year2016-11-30$0
Value of fidelity bond covering the plan2016-11-30$600,000
Total contributions received or receivable from participants2016-11-30$196,027
Expenses. Other expenses not covered elsewhere2016-11-30$246,961
Contributions received from other sources (not participants or employers)2016-11-30$6,276
Other income received2016-11-30$124
Net income (gross income less expenses)2016-11-30$85,514
Net plan assets at end of year (total assets less liabilities)2016-11-30$85,514
Net plan assets at beginning of year (total assets less liabilities)2016-11-30$0
Total contributions received or receivable from employer(s)2016-11-30$738,457
Expenses. Administrative service providers (salaries,fees and commissions)2016-11-30$42,826

Form 5500 Responses for MEDICAL INSURANCE PLAN

2021: MEDICAL INSURANCE PLAN 2021 form 5500 responses
2021-12-01Type of plan entitySingle employer plan
2021-12-01Submission has been amendedNo
2021-12-01This submission is the final filingNo
2021-12-01This return/report is a short plan year return/report (less than 12 months)No
2021-12-01Plan is a collectively bargained planNo
2021-12-01Plan funding arrangement – InsuranceYes
2021-12-01Plan funding arrangement – TrustYes
2021-12-01Plan funding arrangement – General assets of the sponsorYes
2021-12-01Plan benefit arrangement – InsuranceYes
2021-12-01Plan benefit arrangement - TrustYes
2021-12-01Plan benefit arrangement – General assets of the sponsorYes
2020: MEDICAL INSURANCE PLAN 2020 form 5500 responses
2020-12-01Type of plan entitySingle employer plan
2020-12-01Submission has been amendedNo
2020-12-01This submission is the final filingNo
2020-12-01This return/report is a short plan year return/report (less than 12 months)No
2020-12-01Plan is a collectively bargained planNo
2020-12-01Plan funding arrangement – InsuranceYes
2020-12-01Plan funding arrangement – TrustYes
2020-12-01Plan benefit arrangement – InsuranceYes
2020-12-01Plan benefit arrangement - TrustYes
2019: MEDICAL INSURANCE PLAN 2019 form 5500 responses
2019-12-01Type of plan entitySingle employer plan
2019-12-01Submission has been amendedNo
2019-12-01This submission is the final filingNo
2019-12-01This return/report is a short plan year return/report (less than 12 months)No
2019-12-01Plan is a collectively bargained planNo
2019-12-01Plan funding arrangement – InsuranceYes
2019-12-01Plan funding arrangement – TrustYes
2019-12-01Plan benefit arrangement – InsuranceYes
2019-12-01Plan benefit arrangement - TrustYes
2018: MEDICAL INSURANCE PLAN 2018 form 5500 responses
2018-12-01Type of plan entitySingle employer plan
2018-12-01Submission has been amendedNo
2018-12-01This submission is the final filingNo
2018-12-01This return/report is a short plan year return/report (less than 12 months)No
2018-12-01Plan is a collectively bargained planNo
2018-12-01Plan funding arrangement – InsuranceYes
2018-12-01Plan funding arrangement – TrustYes
2018-12-01Plan benefit arrangement – InsuranceYes
2018-12-01Plan benefit arrangement - TrustYes
2017: MEDICAL INSURANCE PLAN 2017 form 5500 responses
2017-12-01Type of plan entitySingle employer plan
2017-12-01Submission has been amendedNo
2017-12-01This submission is the final filingNo
2017-12-01This return/report is a short plan year return/report (less than 12 months)No
2017-12-01Plan is a collectively bargained planNo
2017-12-01Plan funding arrangement – InsuranceYes
2017-12-01Plan funding arrangement – TrustYes
2017-12-01Plan benefit arrangement – InsuranceYes
2017-12-01Plan benefit arrangement - TrustYes
2016: MEDICAL INSURANCE PLAN 2016 form 5500 responses
2016-12-01Type of plan entitySingle employer plan
2016-12-01Submission has been amendedNo
2016-12-01This submission is the final filingNo
2016-12-01This return/report is a short plan year return/report (less than 12 months)No
2016-12-01Plan is a collectively bargained planNo
2016-12-01Plan funding arrangement – InsuranceYes
2016-12-01Plan funding arrangement – TrustYes
2016-12-01Plan benefit arrangement – InsuranceYes
2016-12-01Plan benefit arrangement - TrustYes
2015: MEDICAL INSURANCE PLAN 2015 form 5500 responses
2015-12-01Type of plan entitySingle employer plan
2015-12-01First time form 5500 has been submittedYes
2015-12-01Submission has been amendedNo
2015-12-01This submission is the final filingNo
2015-12-01This return/report is a short plan year return/report (less than 12 months)No
2015-12-01Plan is a collectively bargained planNo
2015-12-01Plan funding arrangement – InsuranceYes
2015-12-01Plan funding arrangement – TrustYes
2015-12-01Plan benefit arrangement – InsuranceYes
2015-12-01Plan benefit arrangement - TrustYes
2010: MEDICAL INSURANCE PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan benefit arrangement – InsuranceYes
2009: MEDICAL INSURANCE PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

UNIMERICA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 91529 )
Policy contract number203211
Policy instance 1
Insurance contract or identification number203211
Number of Individuals Covered76
Insurance policy start date2022-01-01
Insurance policy end date2022-11-30
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $339,905
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number30500159
Policy instance 2
Insurance contract or identification number30500159
Number of Individuals Covered79
Insurance policy start date2021-12-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $27,654
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
INDEPENDENCE BLUE CROSS (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30500159
Policy instance 1
Insurance contract or identification number30500159
Number of Individuals Covered80
Insurance policy start date2020-12-01
Insurance policy end date2021-11-30
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $327,627
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
INDEPENDENCE BLUE CROSS (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30500159
Policy instance 1
Insurance contract or identification number30500159
Number of Individuals Covered81
Insurance policy start date2019-12-01
Insurance policy end date2020-11-30
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $348,020
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
INDEPENDENCE BLUE CROSS (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract numberVERIS
Policy instance 1
Insurance contract or identification numberVERIS
Number of Individuals Covered92
Insurance policy start date2018-12-01
Insurance policy end date2019-11-30
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $308,836
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
INDEPENDENCE BLUE CROSS (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract numberVERIS
Policy instance 1
Insurance contract or identification numberVERIS
Number of Individuals Covered73
Insurance policy start date2017-12-01
Insurance policy end date2018-11-30
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $276,825
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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