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THE BUILDING PEOPLE WELFARE BENEFIT PLAN 401k Plan overview

Plan NameTHE BUILDING PEOPLE WELFARE BENEFIT PLAN
Plan identification number 502

THE BUILDING PEOPLE WELFARE BENEFIT PLAN 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

THE BUILDING PEOPLE, LLC has sponsored the creation of one or more 401k plans.

Company Name:THE BUILDING PEOPLE, LLC
Employer identification number (EIN):454839699
NAIC Classification:531310

Additional information about THE BUILDING PEOPLE, LLC

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 2012-03-15
Company Identification Number: S399518
Legal Registered Office Address: 805 Gunpowder Court SE

Leesburg
United States of America (USA)
20175

More information about THE BUILDING PEOPLE, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE BUILDING PEOPLE WELFARE BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022022-01-01JJ MASHBURN2023-06-29

Plan Statistics for THE BUILDING PEOPLE WELFARE BENEFIT PLAN

401k plan membership statisitcs for THE BUILDING PEOPLE WELFARE BENEFIT PLAN

Measure Date Value
2022: THE BUILDING PEOPLE WELFARE BENEFIT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01206
Total number of active participants reported on line 7a of the Form 55002022-01-01251
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-0111
Total of all active and inactive participants2022-01-01264
Number of employers contributing to the scheme2022-01-010

Form 5500 Responses for THE BUILDING PEOPLE WELFARE BENEFIT PLAN

2022: THE BUILDING PEOPLE WELFARE BENEFIT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – General assets of the sponsorYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – General assets of the sponsorYes

Insurance Providers Used on plan

UNITEDHEALTHCARE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 79413 )
Policy contract number926678
Policy instance 1
Insurance contract or identification number926678
Number of Individuals Covered188
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $35,525
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $970,958
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees35525
Additional information about fees paid to insurance brokerSERVICE FEE AGREEMENT, BONUS
Insurance broker organization code?3
METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number5393625
Policy instance 2
Insurance contract or identification number5393625
Number of Individuals Covered397
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $14,868
Total amount of fees paid to insurance companyUSD $0
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $183,590
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $14,868
Amount paid for insurance broker fees0
Insurance broker organization code?3
BIND MEDICAL (National Association of Insurance Commissioners NAIC id number: 52429 )
Policy contract number78700014
Policy instance 3
Insurance contract or identification number78700014
Number of Individuals Covered120
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $21,837
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $571,687
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees21837
Additional information about fees paid to insurance brokerSERVICE FEE AGREEMENT
Insurance broker organization code?3
MONY (National Association of Insurance Commissioners NAIC id number: 78077 )
Policy contract number11696
Policy instance 4
Insurance contract or identification number11696
Number of Individuals Covered311
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $25,200
Total amount of fees paid to insurance companyUSD $0
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT, ACCIDENT
Welfare Benefit Premiums Paid to CarrierUSD $126,092
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $25,200
Amount paid for insurance broker fees0
Insurance broker organization code?3

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