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THE TAG GROUP, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE TAG GROUP, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

THE TAG GROUP, INC. 401K 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.
  • 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

THE TAG GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE TAG GROUP, INC.
Employer identification number (EIN):431799681
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE TAG GROUP, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DANIEL ALABACH2024-06-10
0012022-01-01DANIEL ALABACH2023-06-29
0012021-01-01DANIEL ALABACH2022-08-05
0012020-01-01DANIEL ALABACH2021-05-19
0012019-01-01DANIEL ALABACH2020-05-19
0012018-01-01DANIEL ALABACH2019-06-13
0012017-01-01DANIEL ALABACH2018-04-10
0012016-01-01DANIEL ALABACH2017-02-02
0012015-01-01DANIEL ALABACH2016-01-19
0012014-01-01DANIEL ALABACH2015-01-16
0012013-01-01DANIEL ALABACH2014-03-31
0012012-01-01DANIEL ALABACH2013-03-26
0012011-01-01DANIEL ALABACH2012-04-27
0012010-01-01TAG GROUP2011-10-14
0012009-01-01TAG GROUP
0012008-01-01DANIEL J ALABACH

Financial Data on THE TAG GROUP, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2025 : THE TAG GROUP, INC. 401K PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-171947
Net assets as of the end of the plan year2025-07-17863098
Total assets as of the beginning of the plan year2025-07-17700711
Value of plan covered by a fidelity bond2025-07-1760000
Participant contributions to plan in this plan year2025-07-1725675
Other income to plan in this plan year2025-07-17132519
Plan net income in this plan year2025-07-17162387
Net assets as of the end of the plan year2025-07-17863098
Net assets as of the beginning of the plan year2025-07-17700711
Employer contributions to plan in this plan year2025-07-176140
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-171947
2024 : THE TAG GROUP, INC. 401K PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-101551
Net assets as of the end of the plan year2024-06-10700711
Total assets as of the beginning of the plan year2024-06-10555980
Value of plan covered by a fidelity bond2024-06-1060000
Participant contributions to plan in this plan year2024-06-1021171
Other expenses paid from plan in this plan year2024-06-101551
Other income to plan in this plan year2024-06-10119971
Plan net income in this plan year2024-06-10144731
Net assets as of the end of the plan year2024-06-10700711
Net assets as of the beginning of the plan year2024-06-10555980
Employer contributions to plan in this plan year2024-06-105140
2022 : THE TAG GROUP, INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-08-050
Net assets as of the end of the plan year2022-08-05681483
Total assets as of the beginning of the plan year2022-08-05557035
Value of plan covered by a fidelity bond2022-08-0550000
Participant contributions to plan in this plan year2022-08-0523165
Other income to plan in this plan year2022-08-0595834
Plan net income in this plan year2022-08-05124448
Net assets as of the end of the plan year2022-08-05681483
Net assets as of the beginning of the plan year2022-08-05557035
Employer contributions to plan in this plan year2022-08-055449
2008 : THE TAG GROUP, INC. 401K PROFIT SHARING PLAN 2008 401k financial data
Total plan liabilities at beginning of year2008-12-31$0
Total income from all sources2008-12-31$-11,404
Expenses. Total of all expenses incurred2008-12-31$78,995
Benefits paid (including direct rollovers)2008-12-31$78,995
Total plan assets at end of year2008-12-31$55,782
Total plan assets at beginning of year2008-12-31$146,181
Value of fidelity bond covering the plan2008-12-31$20,000
Total contributions received or receivable from participants2008-12-31$9,662
Other income received2008-12-31$-23,162
Net income (gross income less expenses)2008-12-31$-90,399
Net plan assets at end of year (total assets less liabilities)2008-12-31$55,782
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$146,181
Total contributions received or receivable from employer(s)2008-12-31$2,096

Form 5500 Responses for THE TAG GROUP, INC. 401K PROFIT SHARING PLAN

2009: THE TAG GROUP, INC. 401K PROFIT SHARING 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes
2008: THE TAG GROUP, INC. 401K PROFIT SHARING PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedNo
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – InsuranceYes
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement – InsuranceYes
2008-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number5-19945
Policy instance 1

Potentially related plans

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