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EMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC
Plan identification number 002

EMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

FARMERS LEGAL ACTION GROUP has sponsored the creation of one or more 401k plans.

Company Name:FARMERS LEGAL ACTION GROUP
Employer identification number (EIN):363431212
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01DAVE GLENN2024-10-03
0022022-01-01DAVID GLENN2023-09-22
0022022-01-01DAVE GLENN2024-10-03
0022021-01-01DAVE GLENN2022-10-17
0022020-01-01DAVE GLENN2021-05-21
0022019-01-01DAVE GLENN2020-04-02
0022018-01-01DAVE GLENN2019-04-09
0022017-01-01SCOTT CARLSON2018-05-24 SCOTT CARLSON2018-05-24

Plan Statistics for EMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC

Measure Date Value
2024: EMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC 2024 401k membership
Total number of particpants at beginning of year2024-10-032
Total number of particpants at end of year2024-10-032
Number of Participants With Account Balances2024-10-032
2022: EMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC 2022 401k membership
Total number of particpants at beginning of year2022-10-172
Total number of particpants at end of year2022-10-172
Number of Participants With Account Balances2022-10-172

Financial Data on EMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC

Measure Date Value
2024 : EMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-030
Total liabilities as of the end of the plan year2024-10-030
Total liabilities as of the beginning of the plan year2024-10-030
Total expenses incurred by plan in this plan year2024-10-030
Net assets as of the end of the plan year2024-10-03678638
Total assets as of the beginning of the plan year2024-10-03573606
Value of plan covered by a fidelity bond2024-10-0360000
Participant contributions to plan in this plan year2024-10-034536
Other expenses paid from plan in this plan year2024-10-030
Other contributions to plan in this plan year2024-10-030
Other income to plan in this plan year2024-10-03100496
Plan net income in this plan year2024-10-03105032
Net assets as of the end of the plan year2024-10-03678638
Net assets as of the beginning of the plan year2024-10-03573606
Employer contributions to plan in this plan year2024-10-030
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-030
2022 : EMPLOYEE BENEFIT PLAN OF FARMERS LEGAL ACTION GROUP INC 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-170
Total liabilities as of the end of the plan year2022-10-170
Total liabilities as of the beginning of the plan year2022-10-170
Total expenses incurred by plan in this plan year2022-10-170
Net assets as of the end of the plan year2022-10-17677963
Total assets as of the beginning of the plan year2022-10-17562930
Value of plan covered by a fidelity bond2022-10-1760000
Participant contributions to plan in this plan year2022-10-1710434
Other expenses paid from plan in this plan year2022-10-170
Other contributions to plan in this plan year2022-10-170
Other income to plan in this plan year2022-10-17104599
Plan net income in this plan year2022-10-17115033
Net assets as of the end of the plan year2022-10-17677963
Net assets as of the beginning of the plan year2022-10-17562930
Employer contributions to plan in this plan year2022-10-170
Fees paid to broker by Benefit Provider2022-10-17576

Potentially related plans

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