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P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 401k Plan overview

Plan NameP & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN
Plan identification number 001

P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

P & P INSURANCE & FINANCIAL GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:P & P INSURANCE & FINANCIAL GROUP, INC.
Employer identification number (EIN):471037015
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01RAUL PRESAS
0012016-01-01RAUL PRESAS RAUL PRESAS2017-07-06
0012015-01-01RAUL PRESAS RAUL PRESAS2016-05-27

Plan Statistics for P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN

401k plan membership statisitcs for P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN

Measure Date Value
2022: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-014
Total number of active participants reported on line 7a of the Form 55002022-01-012
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-012
Number of participants with account balances2022-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-015
Total number of active participants reported on line 7a of the Form 55002021-01-014
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-014
Number of participants with account balances2021-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-014
Total number of active participants reported on line 7a of the Form 55002020-01-015
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-015
Number of participants with account balances2020-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-013
Total number of active participants reported on line 7a of the Form 55002019-01-014
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-014
Number of participants with account balances2019-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-015
Total number of active participants reported on line 7a of the Form 55002018-01-013
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-013
Number of participants with account balances2018-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-014
Total number of active participants reported on line 7a of the Form 55002017-01-014
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-014
Number of participants with account balances2017-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-011
Total number of active participants reported on line 7a of the Form 55002016-01-013
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-013
Number of participants with account balances2016-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011
Total number of active participants reported on line 7a of the Form 55002015-01-011
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-011
Number of participants with account balances2015-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN

Measure Date Value
2022 : P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2022 401k financial data
Total income from all sources2022-12-31$1,531
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$379,822
Total plan assets at beginning of year2022-12-31$378,291
Value of fidelity bond covering the plan2022-12-31$39,500
Other income received2022-12-31$1,531
Net income (gross income less expenses)2022-12-31$1,531
Net plan assets at end of year (total assets less liabilities)2022-12-31$379,822
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$378,291
Assets. Value of employer securities2022-12-31$375,423
2021 : P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2021 401k financial data
Total income from all sources2021-12-31$-2,718
Expenses. Total of all expenses incurred2021-12-31$0
Total plan assets at end of year2021-12-31$378,291
Total plan assets at beginning of year2021-12-31$381,009
Value of fidelity bond covering the plan2021-12-31$39,500
Other income received2021-12-31$-2,718
Net income (gross income less expenses)2021-12-31$-2,718
Net plan assets at end of year (total assets less liabilities)2021-12-31$378,291
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$381,009
Assets. Value of employer securities2021-12-31$373,894
2020 : P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2020 401k financial data
Total income from all sources2020-12-31$1,191
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$381,009
Total plan assets at beginning of year2020-12-31$379,818
Value of fidelity bond covering the plan2020-12-31$37,982
Other income received2020-12-31$1,191
Net income (gross income less expenses)2020-12-31$1,191
Net plan assets at end of year (total assets less liabilities)2020-12-31$381,009
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$379,818
Assets. Value of employer securities2020-12-31$376,612
2019 : P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2019 401k financial data
Total income from all sources2019-12-31$9,190
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$379,818
Total plan assets at beginning of year2019-12-31$370,628
Value of fidelity bond covering the plan2019-12-31$37,982
Other income received2019-12-31$9,190
Net income (gross income less expenses)2019-12-31$9,190
Net plan assets at end of year (total assets less liabilities)2019-12-31$379,818
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$370,628
Assets. Value of employer securities2019-12-31$375,422
2018 : P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2018 401k financial data
Total income from all sources2018-12-31$28,750
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$370,628
Total plan assets at beginning of year2018-12-31$341,878
Value of fidelity bond covering the plan2018-12-31$35,000
Other income received2018-12-31$28,750
Net income (gross income less expenses)2018-12-31$28,750
Net plan assets at end of year (total assets less liabilities)2018-12-31$370,628
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$341,878
Assets. Value of employer securities2018-12-31$366,233
2017 : P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2017 401k financial data
Total income from all sources2017-12-31$-16,849
Expenses. Total of all expenses incurred2017-12-31$0
Total plan assets at end of year2017-12-31$341,878
Total plan assets at beginning of year2017-12-31$358,727
Value of fidelity bond covering the plan2017-12-31$35,873
Other income received2017-12-31$-16,849
Net income (gross income less expenses)2017-12-31$-16,849
Net plan assets at end of year (total assets less liabilities)2017-12-31$341,878
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$358,727
Assets. Value of employer securities2017-12-31$337,485
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-12-31$61,603
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$358,727
Total plan assets at beginning of year2016-12-31$297,124
Value of fidelity bond covering the plan2016-12-31$35,873
Other income received2016-12-31$61,603
Net income (gross income less expenses)2016-12-31$61,603
Net plan assets at end of year (total assets less liabilities)2016-12-31$358,727
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$297,124
Assets. Value of employer securities2016-12-31$354,335
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2015 401k financial data
Total income from all sources2015-12-31$297,124
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$297,124
Contributions received from other sources (not participants or employers)2015-12-31$279,335
Other income received2015-12-31$17,789
Net income (gross income less expenses)2015-12-31$297,124
Net plan assets at end of year (total assets less liabilities)2015-12-31$297,124
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Assets. Value of employer securities2015-12-31$217,734
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0

Form 5500 Responses for P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN

2022: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: P & P INSURANCE & FINANCIAL GROUP RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01First time form 5500 has been submittedYes
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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