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ANDERSON INSURANCE ASSOCIATES, LLC PENSION PLAN 401k Plan overview

Plan NameANDERSON INSURANCE ASSOCIATES, LLC PENSION PLAN
Plan identification number 002

ANDERSON INSURANCE ASSOCIATES, LLC PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.

401k Sponsoring company profile

ANDERSON INSURANCE ASSOCIATES, LLC has sponsored the creation of one or more 401k plans.

Company Name:ANDERSON INSURANCE ASSOCIATES, LLC
Employer identification number (EIN):570717177
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Additional information about ANDERSON INSURANCE ASSOCIATES, LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2018-06-25
Company Identification Number: 0803052490
Legal Registered Office Address: PO BOX 30667

CHARLESTON
United States of America (USA)
29417

More information about ANDERSON INSURANCE ASSOCIATES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ANDERSON INSURANCE ASSOCIATES, LLC PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01MR. JULIUS J. ANDERSON, JR.2021-06-04
0022019-01-01MR. JULIUS J. ANDERSON, JR.2020-10-14
0022018-01-01MR. JULIUS J. ANDERSON, JR.2019-09-25
0022017-01-01MR. JULIUS J. ANDERSON, JR.2018-10-09
0022016-01-01MR. JULIUS J. ANDERSON, JR.2017-10-13
0022015-01-01MR. JULIUS J. ANDERSON, JR.2016-10-11
0022014-01-01MR. JULIUS J. ANDERSON, JR.2015-10-14

Plan Statistics for ANDERSON INSURANCE ASSOCIATES, LLC PENSION PLAN

401k plan membership statisitcs for ANDERSON INSURANCE ASSOCIATES, LLC PENSION PLAN

Measure Date Value
2019: ANDERSON INSURANCE ASSOCIATES, LLC PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,220,061
Acturial value of plan assets2019-12-311,220,061
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-311,333,874
Number of active participants2019-12-3145
Total funding liabilities for active participants2019-12-311,333,874
Total participant count2019-12-3145
Total funding target for all participants2019-12-311,333,874
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-311,137
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-311,182
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31283,862
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31274,152
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31248,125
Net shortfall amortization installment of oustanding balance2019-12-31113,813
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31266,618
Additional cash requirement2019-12-31266,618
Contributions allocatedtoward minimum required contributions for current year2019-12-31274,152
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: ANDERSON INSURANCE ASSOCIATES, LLC PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,029,907
Acturial value of plan assets2018-12-311,029,907
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-311,023,914
Number of active participants2018-12-3144
Total funding liabilities for active participants2018-12-311,023,914
Total participant count2018-12-3144
Total funding target for all participants2018-12-311,023,914
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3193,476
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3197,365
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31262,541
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31237,512
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31242,368
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31236,375
Additional cash requirement2018-12-31236,375
Contributions allocatedtoward minimum required contributions for current year2018-12-31237,512
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: ANDERSON INSURANCE ASSOCIATES, LLC PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31700,744
Acturial value of plan assets2017-12-31700,744
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31750,384
Number of active participants2017-12-3141
Total funding liabilities for active participants2017-12-31750,384
Total participant count2017-12-3141
Total funding target for all participants2017-12-31750,384
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-311,824
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-311,905
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31354,673
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31331,060
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31229,433
Net shortfall amortization installment of oustanding balance2017-12-3149,640
Total funding amount beforereflecting carryover/prefunding balances2017-12-31237,584
Additional cash requirement2017-12-31237,584
Contributions allocatedtoward minimum required contributions for current year2017-12-31331,060
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: ANDERSON INSURANCE ASSOCIATES, LLC PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31536,135
Acturial value of plan assets2016-12-31536,135
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31492,924
Number of active participants2016-12-311
Total funding liabilities for active participants2016-12-31492,924
Total participant count2016-12-311
Total funding target for all participants2016-12-31492,924
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31116,077
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31121,556
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31205,642
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31192,800
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31234,187
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31190,976
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31190,976
Contributions allocatedtoward minimum required contributions for current year2016-12-31192,800
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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