401k Plan data: BIG RED INSURANCE RETIREMENT PLAN plan

BIG RED INSURANCE RETIREMENT PLAN 401k Plan overview

Plan Name	BIG RED INSURANCE RETIREMENT PLAN
Plan identification number	001

BIG RED INSURANCE RETIREMENT PLAN Benefits

401k Plan Type

Defined 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.
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

BYRD INSURANCE AGENCY, INC. has sponsored the creation of one or more 401k plans.

Company Name: BYRD INSURANCE AGENCY, INC.

Employer identification number (EIN): 813540333

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BIG RED INSURANCE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 JESSICA BYRD
001 2016-08-15 JESSICA BYRD JESSICA BYRD 2017-06-29

Plan Statistics for BIG RED INSURANCE RETIREMENT PLAN

401k plan membership statisitcs for BIG RED INSURANCE RETIREMENT PLAN

Measure Date Value
2022: BIG RED INSURANCE RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 4
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 4
Number of participants with account balances 2022-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: BIG RED INSURANCE RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 3
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 3
Number of participants with account balances 2021-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: BIG RED INSURANCE RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 3
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 1
Total of all active and inactive participants 2020-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 4
Number of participants with account balances 2020-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: BIG RED INSURANCE RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 2
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 1
Total of all active and inactive participants 2019-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 3
Number of participants with account balances 2019-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: BIG RED INSURANCE RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 3
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 3
Number of participants with account balances 2018-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: BIG RED INSURANCE RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 2
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 2
Number of participants with account balances 2017-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: BIG RED INSURANCE RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-08-15 2
Total number of active participants reported on line 7a of the Form 5500 2016-08-15 2
Number of retired or separated participants receiving benefits 2016-08-15 0
Number of other retired or separated participants entitled to future benefits 2016-08-15 0
Total of all active and inactive participants 2016-08-15 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-08-15 0
Total participants 2016-08-15 2
Number of participants with account balances 2016-08-15 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-08-15 0

Measure	Date	Value
2022: BIG RED INSURANCE RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	4
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	4
Number of participants with account balances	2022-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: BIG RED INSURANCE RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	3
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	3
Number of participants with account balances	2021-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: BIG RED INSURANCE RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	3
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	1
Total of all active and inactive participants	2020-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	4
Number of participants with account balances	2020-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: BIG RED INSURANCE RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	2
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	1
Total of all active and inactive participants	2019-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	3
Number of participants with account balances	2019-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: BIG RED INSURANCE RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	3
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	3
Number of participants with account balances	2018-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: BIG RED INSURANCE RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	2
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	2
Number of participants with account balances	2017-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: BIG RED INSURANCE RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-08-15	2
Total number of active participants reported on line 7a of the Form 5500	2016-08-15	2
Number of retired or separated participants receiving benefits	2016-08-15	0
Number of other retired or separated participants entitled to future benefits	2016-08-15	0
Total of all active and inactive participants	2016-08-15	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-08-15	0
Total participants	2016-08-15	2
Number of participants with account balances	2016-08-15	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-08-15	0

Financial Data on BIG RED INSURANCE RETIREMENT PLAN

Measure	Date	Value
2022 : BIG RED INSURANCE RETIREMENT PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$25,143
Expenses. Total of all expenses incurred	2022-12-31	$230
Total plan assets at end of year	2022-12-31	$58,918
Total plan assets at beginning of year	2022-12-31	$34,005
Value of fidelity bond covering the plan	2022-12-31	$25,000
Total contributions received or receivable from participants	2022-12-31	$11,315
Other income received	2022-12-31	$8,228
Net income (gross income less expenses)	2022-12-31	$24,913
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$58,918
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$34,005
Assets. Value of employer securities	2022-12-31	$14,483
Total contributions received or receivable from employer(s)	2022-12-31	$5,600
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$230
2021 : BIG RED INSURANCE RETIREMENT PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$-4,094
Expenses. Total of all expenses incurred	2021-12-31	$5,061
Benefits paid (including direct rollovers)	2021-12-31	$4,819
Total plan assets at end of year	2021-12-31	$34,005
Total plan assets at beginning of year	2021-12-31	$43,160
Value of fidelity bond covering the plan	2021-12-31	$25,000
Total contributions received or receivable from participants	2021-12-31	$13,871
Other income received	2021-12-31	$-25,050
Net income (gross income less expenses)	2021-12-31	$-9,155
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$34,005
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$43,160
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2021-12-31	$1,093
Assets. Value of employer securities	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$7,085
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$242
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : BIG RED INSURANCE RETIREMENT PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$-17,668
Expenses. Total of all expenses incurred	2020-12-31	$43
Total plan assets at end of year	2020-12-31	$43,160
Total plan assets at beginning of year	2020-12-31	$60,871
Value of fidelity bond covering the plan	2020-12-31	$25,000
Total contributions received or receivable from participants	2020-12-31	$4,412
Other income received	2020-12-31	$-25,334
Net income (gross income less expenses)	2020-12-31	$-17,711
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$43,160
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$60,871
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2020-12-31	$1,338
Assets. Value of employer securities	2020-12-31	$27,936
Total contributions received or receivable from employer(s)	2020-12-31	$3,254
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$43
2019 : BIG RED INSURANCE RETIREMENT PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$-5,384
Expenses. Total of all expenses incurred	2019-12-31	$25
Total plan assets at end of year	2019-12-31	$60,871
Total plan assets at beginning of year	2019-12-31	$66,280
Value of fidelity bond covering the plan	2019-12-31	$25,000
Total contributions received or receivable from participants	2019-12-31	$1,537
Other income received	2019-12-31	$-8,336
Net income (gross income less expenses)	2019-12-31	$-5,409
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$60,871
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$66,280
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2019-12-31	$534
Assets. Value of employer securities	2019-12-31	$54,813
Total contributions received or receivable from employer(s)	2019-12-31	$1,415
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$25
2018 : BIG RED INSURANCE RETIREMENT PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$-116,718
Expenses. Total of all expenses incurred	2018-12-31	$2
Total plan assets at end of year	2018-12-31	$66,280
Total plan assets at beginning of year	2018-12-31	$183,000
Value of fidelity bond covering the plan	2018-12-31	$25,000
Total contributions received or receivable from participants	2018-12-31	$1,316
Other income received	2018-12-31	$-119,154
Net income (gross income less expenses)	2018-12-31	$-116,720
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$66,280
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$183,000
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2018-12-31	$289
Assets. Value of employer securities	2018-12-31	$64,021
Total contributions received or receivable from employer(s)	2018-12-31	$1,120
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$2
2017 : BIG RED INSURANCE RETIREMENT PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$82,471
Expenses. Total of all expenses incurred	2017-12-31	$0
Total plan assets at end of year	2017-12-31	$183,000
Total plan assets at beginning of year	2017-12-31	$100,529
Other income received	2017-12-31	$82,471
Net income (gross income less expenses)	2017-12-31	$82,471
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$183,000
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$100,529
Assets. Value of employer securities	2017-12-31	$183,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : BIG RED INSURANCE RETIREMENT PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$100,530
Expenses. Total of all expenses incurred	2016-12-31	$1
Benefits paid (including direct rollovers)	2016-12-31	$1
Total plan assets at end of year	2016-12-31	$100,529
Contributions received from other sources (not participants or employers)	2016-12-31	$106,188
Other income received	2016-12-31	$-5,658
Net income (gross income less expenses)	2016-12-31	$100,529
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$100,529
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$0
Assets. Value of employer securities	2016-12-31	$100,529
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0

Form 5500 Responses for BIG RED INSURANCE RETIREMENT PLAN

2022: BIG RED INSURANCE RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: BIG RED INSURANCE RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: BIG RED INSURANCE RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: BIG RED INSURANCE RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: BIG RED INSURANCE RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: BIG RED INSURANCE RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: BIG RED INSURANCE RETIREMENT PLAN 2016 form 5500 responses
2016-08-15	Type of plan entity	Single employer plan
2016-08-15	First time form 5500 has been submitted	Yes
2016-08-15	Submission has been amended	No
2016-08-15	This submission is the final filing	No
2016-08-15	This return/report is a short plan year return/report (less than 12 months)	Yes
2016-08-15	Plan is a collectively bargained plan	No
2016-08-15	Plan funding arrangement – Trust	Yes
2016-08-15	Plan benefit arrangement - Trust	Yes

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Company Name:	BYRD INSURANCE AGENCY, INC.
Employer identification number (EIN):	813540333
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages