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NOVA GROUP, GBC ANCILLARY PLANS 401k Plan overview

Plan NameNOVA GROUP, GBC ANCILLARY PLANS
Plan identification number 505

NOVA GROUP, GBC ANCILLARY PLANS Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

NOVA GROUP, GBC has sponsored the creation of one or more 401k plans.

Company Name:NOVA GROUP, GBC
Employer identification number (EIN):411580923
NAIC Classification:562000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NOVA GROUP, GBC ANCILLARY PLANS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5052023-01-01JOANNIE HENNEN2024-10-02

Plan Statistics for NOVA GROUP, GBC ANCILLARY PLANS

401k plan membership statisitcs for NOVA GROUP, GBC ANCILLARY PLANS

Measure Date Value
2023: NOVA GROUP, GBC ANCILLARY PLANS 2023 401k membership
Total participants, beginning-of-year2023-01-01100
Total number of active participants reported on line 7a of the Form 55002023-01-01224
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-01224
Number of employers contributing to the scheme2023-01-010

Form 5500 Responses for NOVA GROUP, GBC ANCILLARY PLANS

2023: NOVA GROUP, GBC ANCILLARY PLANS 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01First time form 5500 has been submittedYes
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

EYEMED VISION CARE (National Association of Insurance Commissioners NAIC id number: 71870 )
Policy contract number10132791001
Policy instance 1
Insurance contract or identification number10132791001
Number of Individuals Covered302
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $2,014
Total amount of fees paid to insurance companyUSD $0
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $18,145
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MUTUAL OF OMAHA (National Association of Insurance Commissioners NAIC id number: 69868 )
Policy contract numberGLUG0C7H2
Policy instance 2
Insurance contract or identification numberGLUG0C7H2
Number of Individuals Covered224
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $28,858
Total amount of fees paid to insurance companyUSD $4,946
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT,ACCIDENT,CRITICAL ILLNESS
Welfare Benefit Premiums Paid to CarrierUSD $247,319
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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