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GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN 401k Plan overview

Plan NameGROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN
Plan identification number 002

GROUP BENEFITS, LTD. EMPLOYEE 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

GROUP BENEFITS, LTD. has sponsored the creation of one or more 401k plans.

Company Name:GROUP BENEFITS, LTD.
Employer identification number (EIN):371193848
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01MARK SCHELLENBERG2024-10-14
0022022-01-01MARK SCHELLENBERG2023-08-04 SCHELLENBERG, MARK2023-08-04
0022021-01-01
0022020-01-01
0022018-01-01MARK SCHELLENBERG2019-10-14
0022017-01-01MARK SCHELLENBERG2018-06-22
0022016-01-01MARK SCHELLENBERG2017-05-10
0022015-01-01MARK SCHELLENBERG2016-02-18
0022014-01-01MARK SCHELLENBERG2015-04-01 MARK SCHELLENBERG2015-04-01
0022013-01-01MARK SCHELLENBERG2014-05-09 MARK SCHELLENBERG2014-05-09
0022012-01-01MARK SCHELLENBERG2013-11-12 MARK SCHELLENBERG2013-11-12
0022011-01-01MARK SCHELLENBERG2013-11-12 MARK SCHELLENBERG2013-11-12
0022010-01-01MARK A. SCHELLENBERG2011-07-19 MARK A. SCHELLENBERG2011-07-19

Plan Statistics for GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN

401k plan membership statisitcs for GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN

Measure Date Value
2025: GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-08-272
Total number of particpants at end of year2025-08-272
Number of Participants With Account Balances2025-08-272
2024: GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-142
Total number of particpants at end of year2024-10-142
Number of Participants With Account Balances2024-10-142
2022: GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-162
Total number of particpants at end of year2022-06-162
Number of Participants With Account Balances2022-06-162

Financial Data on GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN

Measure Date Value
2025 : GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-08-270
Total liabilities as of the end of the plan year2025-08-270
Total liabilities as of the beginning of the plan year2025-08-270
Total expenses incurred by plan in this plan year2025-08-27106854
Net assets as of the end of the plan year2025-08-273057577
Total assets as of the beginning of the plan year2025-08-272724731
Value of plan covered by a fidelity bond2025-08-27250000
Participant contributions to plan in this plan year2025-08-2717952
Other expenses paid from plan in this plan year2025-08-270
Other contributions to plan in this plan year2025-08-270
Other income to plan in this plan year2025-08-27401841
Plan net income in this plan year2025-08-27332846
Net assets as of the end of the plan year2025-08-273057577
Net assets as of the beginning of the plan year2025-08-272724731
Employer contributions to plan in this plan year2025-08-2719907
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-279324
2024 : GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-10-140
Total expenses incurred by plan in this plan year2024-10-14110031
Net assets as of the end of the plan year2024-10-142724731
Total assets as of the beginning of the plan year2024-10-142378885
Value of plan covered by a fidelity bond2024-10-14250000
Participant contributions to plan in this plan year2024-10-1417952
Other expenses paid from plan in this plan year2024-10-140
Other contributions to plan in this plan year2024-10-140
Other income to plan in this plan year2024-10-14421386
Plan net income in this plan year2024-10-14345846
Net assets as of the end of the plan year2024-10-142724731
Net assets as of the beginning of the plan year2024-10-142378885
Employer contributions to plan in this plan year2024-10-1416539
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-1410031
2022 : GROUP BENEFITS, LTD. EMPLOYEE PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-1685000
Net assets as of the end of the plan year2022-06-162756397
Total assets as of the beginning of the plan year2022-06-162431918
Value of plan covered by a fidelity bond2022-06-16250000
Participant contributions to plan in this plan year2022-06-1617952
Other income to plan in this plan year2022-06-16371727
Plan net income in this plan year2022-06-16324479
Net assets as of the end of the plan year2022-06-162756397
Net assets as of the beginning of the plan year2022-06-162431918
Employer contributions to plan in this plan year2022-06-1619800

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