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LEGAL AID SOCIETY OF EASTERN VIRGINIA IRC 403(B) CONTRIBUTORY TDA PLAN 401k Plan overview

Plan NameLEGAL AID SOCIETY OF EASTERN VIRGINIA IRC 403(B) CONTRIBUTORY TDA PLAN
Plan identification number 001

LEGAL AID SOCIETY OF EASTERN VIRGINIA IRC 403(B) CONTRIBUTORY TDA PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • 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.

401k Sponsoring company profile

LEGAL AID SOCIETY OF EASTERN VIRGINIA has sponsored the creation of one or more 401k plans.

Company Name:LEGAL AID SOCIETY OF EASTERN VIRGINIA
Employer identification number (EIN):540848499
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LEGAL AID SOCIETY OF EASTERN VIRGINIA IRC 403(B) CONTRIBUTORY TDA PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01RAY HARTZ2021-07-28
0012019-01-01RAY HARTZ2020-06-30
0012018-01-01RAY HARTZ2019-07-25
0012017-01-01RAY HARTZ2018-10-12
0012016-01-01RAY HARTZ2017-06-01
0012015-01-01RAY HARTZ2016-10-14
0012014-01-01RAY HARTZ2015-07-27
0012013-01-01RAY HARTZ2014-07-21
0012012-01-01RAYMOND HARTZ2013-07-24 RAYMOND HARTZ2013-07-24
0012011-01-01RAYMOND A. HARTZ, EXECUTIVE DIRECTO2012-07-03 RAYMOND A. HARTZ, EXECUTIVE DIRECTO2012-07-03
0012010-01-01RAYMOND HARTZ, EXECUTIVE DIRECTOR2011-07-13 RAYMOND HARTZ, EXECUTIVE DIRECTOR2011-07-13

Financial Data on LEGAL AID SOCIETY OF EASTERN VIRGINIA IRC 403(B) CONTRIBUTORY TDA PLAN

Measure Date Value
2021 : LEGAL AID SOCIETY OF EASTERN VIRGINIA IRC 403(B) CONTRIBUTORY TDA PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$866,500
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$293,012
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$293,012
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$312,203
Value of total assets at end of year2021-12-31$4,693,563
Value of total assets at beginning of year2021-12-31$4,120,075
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$0
Total interest from all sources2021-12-31$42,775
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$2,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$81,731
Participant contributions at end of year2021-12-31$109,467
Participant contributions at beginning of year2021-12-31$80,057
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$573,488
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,693,563
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$4,120,075
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$3,266,173
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,805,182
Interest earned on other investments2021-12-31$42,775
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$1,317,923
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$1,234,836
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$511,522
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$230,472
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$293,012
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberCR07183
Policy instance 1
Insurance contract or identification numberCR07183
Number of Individuals Covered134
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $16,456
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $16,456
Insurance broker organization code?4
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberCR07183
Policy instance 1
Insurance contract or identification numberCR07183
Number of Individuals Covered131
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $13,202
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $13,202
Insurance broker organization code?4

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