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L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameL & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN
Plan identification number 001

L & B INSURANCE AGENCY, INC. PROFIT SHARING 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
  • 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

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

Company Name:L & B INSURANCE AGENCY, INC.
Employer identification number (EIN):952216904
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-03-01GAYLE LIPP
0012010-03-01GAYLE LIPP2011-06-09
0012009-03-01GAYLE LIPP

Plan Statistics for L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN

Measure Date Value
2011: L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-03-017
Total number of active participants reported on line 7a of the Form 55002011-03-010
Number of retired or separated participants receiving benefits2011-03-010
Number of other retired or separated participants entitled to future benefits2011-03-010
Total of all active and inactive participants2011-03-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-03-010
Total participants2011-03-010
Number of participants with account balances2011-03-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-03-010
2009: L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-03-018
Total number of active participants reported on line 7a of the Form 55002009-03-017
Number of retired or separated participants receiving benefits2009-03-010
Number of other retired or separated participants entitled to future benefits2009-03-011
Total of all active and inactive participants2009-03-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-03-010
Total participants2009-03-018
Number of participants with account balances2009-03-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-03-010

Financial Data on L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN

Measure Date Value
2012 : L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-02-29$0
Total plan liabilities at end of year2012-02-29$0
Total plan liabilities at beginning of year2012-02-29$0
Total income from all sources2012-02-29$0
Expenses. Total of all expenses incurred2012-02-29$1,911,310
Benefits paid (including direct rollovers)2012-02-29$1,909,220
Total plan assets at end of year2012-02-29$0
Total plan assets at beginning of year2012-02-29$1,911,310
Value of fidelity bond covering the plan2012-02-29$200,000
Total contributions received or receivable from participants2012-02-29$0
Expenses. Other expenses not covered elsewhere2012-02-29$0
Contributions received from other sources (not participants or employers)2012-02-29$0
Other income received2012-02-29$0
Noncash contributions received2012-02-29$0
Net income (gross income less expenses)2012-02-29$-1,911,310
Net plan assets at end of year (total assets less liabilities)2012-02-29$0
Net plan assets at beginning of year (total assets less liabilities)2012-02-29$1,911,310
Assets. Value of assets in partnership/joint-venture interests2012-02-29$0
Total contributions received or receivable from employer(s)2012-02-29$0
Value of certain deemed distributions of participant loans2012-02-29$0
Value of corrective distributions2012-02-29$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-02-29$2,090
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-02-29$0
2010 : L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-02-28$0

Form 5500 Responses for L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN

2011: L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-03-01Type of plan entitySingle employer plan
2011-03-01Submission has been amendedNo
2011-03-01This submission is the final filingYes
2011-03-01This return/report is a short plan year return/report (less than 12 months)No
2011-03-01Plan is a collectively bargained planNo
2011-03-01Plan funding arrangement – InsuranceYes
2011-03-01Plan funding arrangement – TrustYes
2011-03-01Plan benefit arrangement – InsuranceYes
2011-03-01Plan benefit arrangement - TrustYes
2009: L & B INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-03-01Type of plan entitySingle employer plan
2009-03-01Submission has been amendedNo
2009-03-01This submission is the final filingNo
2009-03-01This return/report is a short plan year return/report (less than 12 months)No
2009-03-01Plan is a collectively bargained planNo
2009-03-01Plan funding arrangement – InsuranceYes
2009-03-01Plan funding arrangement – TrustYes
2009-03-01Plan benefit arrangement – InsuranceYes
2009-03-01Plan benefit arrangement - TrustYes

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