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THE INSURANCE MART, INC. SIMPLE 401(K) PLAN 401k Plan overview

Plan NameTHE INSURANCE MART, INC. SIMPLE 401(K) PLAN
Plan identification number 001

THE INSURANCE MART, INC. SIMPLE 401(K) 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.

401k Sponsoring company profile

THE INSURANCE MART, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE INSURANCE MART, INC.
Employer identification number (EIN):640588845
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Additional information about THE INSURANCE MART, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1982-06-09
Company Identification Number: F84609
Legal Registered Office Address: 13471 SOUTH DIXIE HIGHWAY

MIAMI

33156

More information about THE INSURANCE MART, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE INSURANCE MART, INC. SIMPLE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01LADD BRATCHER2014-08-12
0012012-01-01LADD BRATCHER2013-07-15
0012011-01-01LADD BRATCHER2012-08-02
0012010-01-01MARK YAHOUDY2011-05-13

Financial Data on THE INSURANCE MART, INC. SIMPLE 401(K) PLAN

Measure Date Value
2025 : THE INSURANCE MART, INC. SIMPLE 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-210
Total liabilities as of the end of the plan year2025-07-210
Total liabilities as of the beginning of the plan year2025-07-210
Total expenses incurred by plan in this plan year2025-07-21141686
Net assets as of the end of the plan year2025-07-211157313
Total assets as of the beginning of the plan year2025-07-211132610
Value of plan covered by a fidelity bond2025-07-211000000
Participant contributions to plan in this plan year2025-07-2146802
Value of participant loans at end of plan year2025-07-211212
Other expenses paid from plan in this plan year2025-07-210
Other contributions to plan in this plan year2025-07-210
Other income to plan in this plan year2025-07-21103185
Plan net income in this plan year2025-07-2124703
Net assets as of the end of the plan year2025-07-211157313
Net assets as of the beginning of the plan year2025-07-211132610
Employer contributions to plan in this plan year2025-07-2116402
Fees paid to broker by Benefit Provider2025-07-214616
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-210
2024 : THE INSURANCE MART, INC. SIMPLE 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-130
Total liabilities as of the end of the plan year2024-09-130
Total liabilities as of the beginning of the plan year2024-09-130
Total expenses incurred by plan in this plan year2024-09-1331405
Net assets as of the end of the plan year2024-09-131132610
Total assets as of the beginning of the plan year2024-09-131007259
Value of plan covered by a fidelity bond2024-09-13200000
Participant contributions to plan in this plan year2024-09-1344457
Value of participant loans at end of plan year2024-09-130
Other expenses paid from plan in this plan year2024-09-130
Other contributions to plan in this plan year2024-09-130
Other income to plan in this plan year2024-09-1396244
Plan net income in this plan year2024-09-13125351
Net assets as of the end of the plan year2024-09-131132610
Net assets as of the beginning of the plan year2024-09-131007259
Employer contributions to plan in this plan year2024-09-1316055
Fees paid to broker by Benefit Provider2024-09-134217
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-13270

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