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NORTH AMERICAN INS CONSULTANTS INC 401K PLAN 401k Plan overview

Plan NameNORTH AMERICAN INS CONSULTANTS INC 401K PLAN
Plan identification number 001

NORTH AMERICAN INS CONSULTANTS INC 401K 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NORTH AMERICAN INS CONSULTANTS INC has sponsored the creation of one or more 401k plans.

Company Name:NORTH AMERICAN INS CONSULTANTS INC
Employer identification number (EIN):593042180
NAIC Classification:524290

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH AMERICAN INS CONSULTANTS INC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TERRI GARRETT2024-10-15
0012022-01-01TERRI GARRETT2023-10-16
0012021-01-01TERRI GARRETT2022-07-29
0012020-01-01TERRI GARRETT2021-10-13
0012019-01-01TERRI GARRETT2020-10-08
0012018-01-01TERRI GARRETT2019-07-15
0012017-01-01TERRI GARRETT2018-07-28
0012016-01-01TERRI GARRETT2017-07-21
0012015-01-01TERRI M GARRETT2016-07-17 TERRI M GARRETT2016-07-17
0012014-01-01PATRICK H. GARRETT2015-06-18 PATRICK H. GARRETT2015-06-18
0012013-01-01PATRICK H. GARRETT2014-07-07 PATRICK H. GARRETT2014-07-07
0012012-01-01PATRICK H. GARRETT2013-07-26 PATRICK H. GARRETT2013-07-26
0012011-01-01TERRI M. GARRETT2012-07-26 TERRI M. GARRETT2012-07-26
0012010-01-01PATRICK H. GARRETT2011-07-28 PATRICK H. GARRETT2011-07-28

Plan Statistics for NORTH AMERICAN INS CONSULTANTS INC 401K PLAN

401k plan membership statisitcs for NORTH AMERICAN INS CONSULTANTS INC 401K PLAN

Measure Date Value
2025: NORTH AMERICAN INS CONSULTANTS INC 401K PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-155
Total number of particpants at end of year2025-10-150
Number of Participants With Account Balances2025-10-150
2024: NORTH AMERICAN INS CONSULTANTS INC 401K PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-155
Total number of particpants at end of year2024-10-155
Number of Participants With Account Balances2024-10-155

Financial Data on NORTH AMERICAN INS CONSULTANTS INC 401K PLAN

Measure Date Value
2025 : NORTH AMERICAN INS CONSULTANTS INC 401K PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-150
Total liabilities as of the end of the plan year2025-10-150
Total liabilities as of the beginning of the plan year2025-10-150
Total expenses incurred by plan in this plan year2025-10-154971
Net assets as of the end of the plan year2025-10-151427933
Total assets as of the beginning of the plan year2025-10-151207219
Participant contributions to plan in this plan year2025-10-150
Other expenses paid from plan in this plan year2025-10-150
Other contributions to plan in this plan year2025-10-150
Other income to plan in this plan year2025-10-15211166
Plan net income in this plan year2025-10-15220714
Net assets as of the end of the plan year2025-10-151427933
Net assets as of the beginning of the plan year2025-10-151207219
Employer contributions to plan in this plan year2025-10-1514519
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-154971
2024 : NORTH AMERICAN INS CONSULTANTS INC 401K PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-150
Total liabilities as of the end of the plan year2024-10-150
Total liabilities as of the beginning of the plan year2024-10-150
Total expenses incurred by plan in this plan year2024-10-154174
Net assets as of the end of the plan year2024-10-151207219
Total assets as of the beginning of the plan year2024-10-151040650
Participant contributions to plan in this plan year2024-10-150
Other expenses paid from plan in this plan year2024-10-150
Other contributions to plan in this plan year2024-10-15-94
Other income to plan in this plan year2024-10-15170837
Plan net income in this plan year2024-10-15166569
Net assets as of the end of the plan year2024-10-151207219
Net assets as of the beginning of the plan year2024-10-151040650
Employer contributions to plan in this plan year2024-10-150
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-154174

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