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GROUP TERM LIFE 401k Plan overview

Plan NameGROUP TERM LIFE
Plan identification number 503

GROUP TERM LIFE Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Dental
  • Vision
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

WAREING MOTORS OF BELLE FOURCHE has sponsored the creation of one or more 401k plans.

Company Name:WAREING MOTORS OF BELLE FOURCHE
Employer identification number (EIN):853612943
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GROUP TERM LIFE

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032023-08-01BILLIE RAE PERSON2024-12-16

Form 5500 Responses for GROUP TERM LIFE

2023: GROUP TERM LIFE 2023 form 5500 responses
2023-08-01Type of plan entityMulti-employer plan
2023-08-01First time form 5500 has been submittedYes
2023-08-01Plan is a collectively bargained planYes
2023-08-01Plan funding arrangement – InsuranceYes
2023-08-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1176327
Policy instance 1
Insurance contract or identification number1176327
Number of Individuals Covered151
Insurance policy start date2023-08-01
Insurance policy end date2024-07-31
Total amount of commissions paid to insurance brokerUSD $5,401
Total amount of fees paid to insurance companyUSD $2,134
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $77,680
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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