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DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST 401k Plan overview

Plan NameDEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST
Plan identification number 501

DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Dental

401k Sponsoring company profile

DEEP SOUTH SURPLUS, INC. has sponsored the creation of one or more 401k plans.

Company Name:DEEP SOUTH SURPLUS, INC.
Employer identification number (EIN):720900810
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Additional information about DEEP SOUTH SURPLUS, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2012-10-01
Company Identification Number: 0801663807
Legal Registered Office Address: 2400 DALLAS PKWY STE 350

PLANO
United States of America (USA)
75093

More information about DEEP SOUTH SURPLUS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012011-01-01JEFF KRAMER
5012010-01-01JENNIFER GARDNER
5012009-08-01DANA BEARD-MANGHAM

Plan Statistics for DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST

401k plan membership statisitcs for DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST

Measure Date Value
2011: DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-010
Total number of active participants reported on line 7a of the Form 55002011-01-010
Total of all active and inactive participants2011-01-010
2010: DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-01250
Total number of active participants reported on line 7a of the Form 55002010-01-01222
Total of all active and inactive participants2010-01-01222
2009: DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-08-01292
Total number of active participants reported on line 7a of the Form 55002009-08-01250
Total of all active and inactive participants2009-08-01250

Financial Data on DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST

Measure Date Value
2011 : DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST 2011 401k financial data
Transfers to/from the plan2011-12-31$-9,722
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$316,259
Total income from all sources2011-12-31$386,572
Expenses. Total of all expenses incurred2011-12-31$376,850
Benefits paid (including direct rollovers)2011-12-31$354,261
Total plan assets at end of year2011-12-31$0
Total plan assets at beginning of year2011-12-31$316,259
Total contributions received or receivable from participants2011-12-31$0
Net income (gross income less expenses)2011-12-31$9,722
Net plan assets at end of year (total assets less liabilities)2011-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$386,572
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$22,589
2010 : DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$316,259
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$370,066
Total income from all sources (including contributions)2010-12-31$3,269,170
Total of all expenses incurred2010-12-31$3,269,170
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$3,186,890
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$3,241,650
Value of total assets at end of year2010-12-31$316,259
Value of total assets at beginning of year2010-12-31$370,066
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$82,280
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31No
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$825,991
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$21,053
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$3,510
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$9,243
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$69,046
Other income not declared elsewhere2010-12-31$27,520
Administrative expenses (other) incurred2010-12-31$5,387
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$0
Value of net assets at end of year (total assets less liabilities)2010-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$243,605
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$2,415,659
Employer contributions (assets) at end of year2010-12-31$295,206
Employer contributions (assets) at beginning of year2010-12-31$366,556
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$2,943,285
Contract administrator fees2010-12-31$76,893
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Liabilities. Value of benefit claims payable at end of year2010-12-31$307,016
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$301,020
Did the plan have assets held for investment2010-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31BROUSSARD & COMPANY CPAS
Accountancy firm EIN2010-12-31721447940

Form 5500 Responses for DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST

2011: DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01This submission is the final filingYes
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: DEEP SOUTH SURPLUS, INC. EMPLOYEES BENEFIT PLAN AND TRUST 2009 form 5500 responses
2009-08-01Type of plan entitySingle employer plan
2009-08-01This submission is the final filingNo
2009-08-01This return/report is a short plan year return/report (less than 12 months)Yes
2009-08-01Plan funding arrangement – InsuranceYes
2009-08-01Plan funding arrangement – TrustYes
2009-08-01Plan benefit arrangement – InsuranceYes
2009-08-01Plan benefit arrangement - TrustYes

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