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GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameGREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN
Plan identification number 003

GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS 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
  • 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.
  • 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

LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE has sponsored the creation of one or more 401k plans.

Company Name:LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE
Employer identification number (EIN):273523833
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01TERRANCE P. POWER2024-04-26
0032021-01-01TERRANCE P. POWER2023-04-14
0032011-01-01LEE VOGT

Financial Data on GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN

Measure Date Value
2022 : GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN 2022 401k financial data
Total income from all sources2022-12-31$-487,638
Expenses. Total of all expenses incurred2022-12-31$5,980,614
Benefits paid (including direct rollovers)2022-12-31$5,828,407
Total plan assets at end of year2022-12-31$16,830,665
Total plan assets at beginning of year2022-12-31$23,298,917
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$546,155
Expenses. Other expenses not covered elsewhere2022-12-31$4,690
Contributions received from other sources (not participants or employers)2022-12-31$1,530,059
Other income received2022-12-31$-2,992,702
Net income (gross income less expenses)2022-12-31$-6,468,252
Net plan assets at end of year (total assets less liabilities)2022-12-31$16,830,665
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$23,298,917
Assets. Value of participant loans2022-12-31$173,147
Total contributions received or receivable from employer(s)2022-12-31$428,850
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$147,517
2021 : GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$20,621,431
Total income from all sources2021-12-31$3,706,204
Expenses. Total of all expenses incurred2021-12-31$1,028,718
Benefits paid (including direct rollovers)2021-12-31$866,762
Total plan assets at end of year2021-12-31$23,298,917
Total plan assets at beginning of year2021-12-31$0
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$569,577
Contributions received from other sources (not participants or employers)2021-12-31$145,388
Other income received2021-12-31$2,573,379
Net income (gross income less expenses)2021-12-31$2,677,486
Net plan assets at end of year (total assets less liabilities)2021-12-31$23,298,917
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$0
Assets. Value of participant loans2021-12-31$211,226
Total contributions received or receivable from employer(s)2021-12-31$417,860
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$161,956
2011 : GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$4,575,026
Total income from all sources2011-12-31$197,332
Expenses. Total of all expenses incurred2011-12-31$0
Total plan assets at end of year2011-12-31$4,772,358
Total plan assets at beginning of year2011-12-31$0
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$41,315
Other income received2011-12-31$136,457
Net income (gross income less expenses)2011-12-31$197,332
Net plan assets at end of year (total assets less liabilities)2011-12-31$4,772,358
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$19,560

Form 5500 Responses for GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN

2022: GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entityMulitple employer plan
2021-01-01First time form 5500 has been submittedYes
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2011: GREAT WEST AFFILIATED EMPLOYERS RETIREMENT SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entityMulitple employer plan
2011-01-01First time form 5500 has been submittedYes
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number333882-01
Policy instance 1

Potentially related plans

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