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WESTERN STATES INSURANCE GROUP, INC. 401(K) PLAN 401k Plan overview

Plan NameWESTERN STATES INSURANCE GROUP, INC. 401(K) PLAN
Plan identification number 001

WESTERN STATES INSURANCE GROUP, 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

WESTERN STATES INSURANCE GROUP, INC . has sponsored the creation of one or more 401k plans.

Company Name:WESTERN STATES INSURANCE GROUP, INC .
Employer identification number (EIN):850270534
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTERN STATES INSURANCE GROUP, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DARYL WARD2024-07-01
0012022-01-01DARYL LEE WARD2023-05-15
0012021-01-01DARYL LEE WARD2022-06-28
0012020-01-01DARYL LEE WARD2021-07-07 DARYL LEE WARD2021-07-07
0012019-01-01DARYL WARD2020-07-02
0012018-01-01DARYL WARD2019-05-28
0012017-01-01DARYL WARD2018-06-12
0012016-01-01DARYL LEE WARD2017-05-08 DARYL LEE WARD2017-05-08
0012013-01-01DARYL LEE WARD2014-06-17 DARYL LEE WARD2014-06-17
0012012-01-01DARYL LEE WARD2013-07-19
0012011-01-01DARYL WARD2012-07-09
0012010-01-01DARYL WARD2011-07-05

Plan Statistics for WESTERN STATES INSURANCE GROUP, INC. 401(K) PLAN

401k plan membership statisitcs for WESTERN STATES INSURANCE GROUP, INC. 401(K) PLAN

Measure Date Value
2025: WESTERN STATES INSURANCE GROUP, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-0721
Total number of particpants at end of year2025-04-0724
Number of Participants With Account Balances2025-04-0715
2024: WESTERN STATES INSURANCE GROUP, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-0118
Total number of particpants at end of year2024-07-0121
Number of Participants With Account Balances2024-07-0112

Financial Data on WESTERN STATES INSURANCE GROUP, INC. 401(K) PLAN

Measure Date Value
2025 : WESTERN STATES INSURANCE GROUP, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-070
Total liabilities as of the beginning of the plan year2025-04-070
Total expenses incurred by plan in this plan year2025-04-07577962
Net assets as of the end of the plan year2025-04-07292253
Total assets as of the beginning of the plan year2025-04-07718333
Value of plan covered by a fidelity bond2025-04-07100000
Participant contributions to plan in this plan year2025-04-0785247
Other expenses paid from plan in this plan year2025-04-070
Other contributions to plan in this plan year2025-04-070
Other income to plan in this plan year2025-04-0730889
Plan net income in this plan year2025-04-07-426080
Net assets as of the end of the plan year2025-04-07292253
Net assets as of the beginning of the plan year2025-04-07718333
Employer contributions to plan in this plan year2025-04-0735746
Fees paid to broker by Benefit Provider2025-04-071233
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-0714112
2024 : WESTERN STATES INSURANCE GROUP, INC. 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-01244396
Net assets as of the end of the plan year2024-07-01718333
Total assets as of the beginning of the plan year2024-07-01871357
Value of plan covered by a fidelity bond2024-07-01100000
Participant contributions to plan in this plan year2024-07-0124526
Other income to plan in this plan year2024-07-0145951
Plan net income in this plan year2024-07-01-153024
Net assets as of the end of the plan year2024-07-01718333
Net assets as of the beginning of the plan year2024-07-01871357
Employer contributions to plan in this plan year2024-07-0120895
Fees paid to broker by Benefit Provider2024-07-013292
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-01100

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