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SINGLE SOURCE INSURANCE, INC. 401(K) PLAN 401k Plan overview

Plan NameSINGLE SOURCE INSURANCE, INC. 401(K) PLAN
Plan identification number 001

SINGLE SOURCE INSURANCE, INC. 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

SINGLE SOURCE INSURANCE, INC. has sponsored the creation of one or more 401k plans.

Company Name:SINGLE SOURCE INSURANCE, INC.
Employer identification number (EIN):810803213
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SINGLE SOURCE INSURANCE, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NICK RICE2024-09-13
0012022-01-01NICK RICE2023-09-14
0012021-01-01NICK RICE2022-09-21
0012020-01-01SHIRLEY HORNER2021-07-28
0012018-01-01BROOKE RAILEY2019-10-09 BROOKE RAILEY2019-10-09
0012017-01-01BROOKE RAILEY2018-08-22

Plan Statistics for SINGLE SOURCE INSURANCE, INC. 401(K) PLAN

401k plan membership statisitcs for SINGLE SOURCE INSURANCE, INC. 401(K) PLAN

Measure Date Value
2025: SINGLE SOURCE INSURANCE, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-1236
Total number of particpants at end of year2025-06-1235
Number of Participants With Account Balances2025-06-1222
2024: SINGLE SOURCE INSURANCE, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-09-1327
Total number of particpants at end of year2024-09-1335
Number of Participants With Account Balances2024-09-1320

Financial Data on SINGLE SOURCE INSURANCE, INC. 401(K) PLAN

Measure Date Value
2025 : SINGLE SOURCE INSURANCE, INC. 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-1271707
Net assets as of the end of the plan year2025-06-121157276
Total assets as of the beginning of the plan year2025-06-12849762
Value of plan covered by a fidelity bond2025-06-1285000
Participant contributions to plan in this plan year2025-06-12171674
Value of participant loans at end of plan year2025-06-121700
Other income to plan in this plan year2025-06-12127256
Plan net income in this plan year2025-06-12307514
Net assets as of the end of the plan year2025-06-121157276
Net assets as of the beginning of the plan year2025-06-12849762
Employer contributions to plan in this plan year2025-06-1280291
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-124285
2024 : SINGLE SOURCE INSURANCE, INC. 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-135082
Net assets as of the end of the plan year2024-09-13849762
Total assets as of the beginning of the plan year2024-09-13440324
Value of plan covered by a fidelity bond2024-09-1345000
Participant contributions to plan in this plan year2024-09-13134930
Other contributions to plan in this plan year2024-09-13102384
Other income to plan in this plan year2024-09-13112291
Plan net income in this plan year2024-09-13409438
Net assets as of the end of the plan year2024-09-13849762
Net assets as of the beginning of the plan year2024-09-13440324
Employer contributions to plan in this plan year2024-09-1364915
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-132252

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