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THE GENECOV GROUP 401(K) PLAN 401k Plan overview

Plan NameTHE GENECOV GROUP 401(K) PLAN
Plan identification number 001

THE GENECOV GROUP 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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 GENECOV GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE GENECOV GROUP, INC.
Employer identification number (EIN):752636688
NAIC Classification:531120
NAIC Description:Lessors of Nonresidential Buildings (except Miniwarehouses)

Additional information about THE GENECOV GROUP, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1996-02-22
Company Identification Number: 0138941600
Legal Registered Office Address: PO BOX 132450

TYLER
United States of America (USA)
75713

More information about THE GENECOV GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE GENECOV GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01FELICITY REEDY2021-07-23
0012019-01-01FELICITY REEDY2020-06-26
0012018-01-01FELICITY REEDY2019-07-25
0012017-01-01FELICITY REEDY2018-04-23
0012016-01-01FELICITY REEDY2017-07-11
0012015-01-01FELICITY REEDY2016-03-16
0012014-01-01FELICITY REEDY2015-05-21
0012013-01-01FELICITY REEDY2014-07-10
0012012-01-01FELICITY REEDY2013-05-07
0012011-01-01FELICITY REEDY2012-07-27
0012009-01-01FELICITY REEDY

Plan Statistics for THE GENECOV GROUP 401(K) PLAN

401k plan membership statisitcs for THE GENECOV GROUP 401(K) PLAN

Measure Date Value
2022: THE GENECOV GROUP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0113
Total number of active participants reported on line 7a of the Form 55002022-01-0119
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0119
Number of participants with account balances2022-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: THE GENECOV GROUP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0116
Total number of active participants reported on line 7a of the Form 55002021-01-0113
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0113
Number of participants with account balances2021-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2009: THE GENECOV GROUP 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0113
Total number of active participants reported on line 7a of the Form 55002009-01-0111
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0114
Number of participants with account balances2009-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on THE GENECOV GROUP 401(K) PLAN

Measure Date Value
2022 : THE GENECOV GROUP 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-115,800
Expenses. Total of all expenses incurred2022-12-31$99,395
Benefits paid (including direct rollovers)2022-12-31$97,839
Total plan assets at end of year2022-12-31$1,359,242
Total plan assets at beginning of year2022-12-31$1,574,437
Value of fidelity bond covering the plan2022-12-31$265,000
Total contributions received or receivable from participants2022-12-31$123,513
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-342,722
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-215,195
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,359,242
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,574,437
Assets. Value of participant loans2022-12-31$42,782
Total contributions received or receivable from employer(s)2022-12-31$103,409
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$1,556
2021 : THE GENECOV GROUP 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$416,160
Expenses. Total of all expenses incurred2021-12-31$837,038
Benefits paid (including direct rollovers)2021-12-31$834,848
Total plan assets at end of year2021-12-31$1,574,437
Total plan assets at beginning of year2021-12-31$1,995,315
Value of fidelity bond covering the plan2021-12-31$265,000
Total contributions received or receivable from participants2021-12-31$115,303
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$233,694
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$-420,878
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,574,437
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,995,315
Assets. Value of participant loans2021-12-31$30,674
Total contributions received or receivable from employer(s)2021-12-31$67,163
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$2,190
2010 : THE GENECOV GROUP 401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$266,656
Expenses. Total of all expenses incurred2010-12-31$5,523
Benefits paid (including direct rollovers)2010-12-31$5,523
Total plan assets at end of year2010-12-31$1,290,431
Total plan assets at beginning of year2010-12-31$1,029,298
Value of fidelity bond covering the plan2010-12-31$265,000
Total contributions received or receivable from participants2010-12-31$76,110
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$142,553
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$261,133
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,290,431
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,029,298
Assets. Value of participant loans2010-12-31$41,795
Total contributions received or receivable from employer(s)2010-12-31$47,993
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : THE GENECOV GROUP 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for THE GENECOV GROUP 401(K) PLAN

2022: THE GENECOV GROUP 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE GENECOV GROUP 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2009: THE GENECOV GROUP 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered13
Insurance policy start date2010-11-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $11,786
Total amount of fees paid to insurance companyUSD $58
Are there contracts with allocated funds for individual policies?No
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?Yes
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 $11,786
Amount paid for insurance broker fees58
Additional information about fees paid to insurance brokerREFERRALS/SERVICE FEE
Insurance broker organization code?3
Insurance broker nameLLP FINANCIAL CORPORATION

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