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CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 401k Plan overview

Plan NameCLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN
Plan identification number 005

CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN Benefits

401k Plan Type
Plan Features/Benefits

    401k Sponsoring company profile

    CLARK INSURANCE has sponsored the creation of one or more 401k plans.

    Company Name:CLARK INSURANCE
    Employer identification number (EIN):010046400
    NAIC Classification:524210
    NAIC Description:Insurance Agencies and Brokerages

    Additional information about CLARK INSURANCE

    Jurisdiction of Incorporation: Texas Secretary of State
    Incorporation Date: 2007-10-01
    Company Identification Number: 0800878850
    Legal Registered Office Address: 1945 CONGRESS ST STE A

    PORTLAND
    United States of America (USA)
    04102

    More information about CLARK INSURANCE

    Form 5500 Filing Information

    Submission information for form 5500 for 401k plan CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

    Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
    0052020-01-01
    0052019-01-01

    Plan Statistics for CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

    401k plan membership statisitcs for CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

    Measure Date Value
    2020: CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2020 401k membership
    Total participants, beginning-of-year2020-01-01149
    Total number of active participants reported on line 7a of the Form 55002020-01-01116
    Number of retired or separated participants receiving benefits2020-01-0110
    Number of other retired or separated participants entitled to future benefits2020-01-0125
    Total of all active and inactive participants2020-01-01151
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
    Total participants2020-01-01151
    Number of participants with account balances2020-01-01151
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
    2019: CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2019 401k membership
    Total participants, beginning-of-year2019-01-01136
    Total number of active participants reported on line 7a of the Form 55002019-01-01119
    Number of retired or separated participants receiving benefits2019-01-019
    Number of other retired or separated participants entitled to future benefits2019-01-0121
    Total of all active and inactive participants2019-01-01149
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
    Total participants2019-01-01149
    Number of participants with account balances2019-01-01149
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0110

    Financial Data on CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

    Measure Date Value
    2020 : CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2020 401k financial data
    Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$2,139,220
    Total unrealized appreciation/depreciation of assets2020-12-31$2,139,220
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$10,235,183
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$7,824,190
    Expenses. Interest paid2020-12-31$305,140
    Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$305,140
    Total income from all sources (including contributions)2020-12-31$5,790,410
    Total loss/gain on sale of assets2020-12-31$0
    Total of all expenses incurred2020-12-31$2,697,203
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,380,456
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,963,703
    Value of total assets at end of year2020-12-31$45,330,008
    Value of total assets at beginning of year2020-12-31$39,825,808
    Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$11,607
    Total interest from all sources2020-12-31$6,844
    Total dividends received (eg from common stock, registered investment company shares)2020-12-31$450,388
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
    Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$450,388
    Administrative expenses professional fees incurred2020-12-31$11,607
    Was this plan covered by a fidelity bond2020-12-31Yes
    Value of fidelity bond cover2020-12-31$1,500,000
    If this is an individual account plan, was there a blackout period2020-12-31No
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$2,869,057
    Were there any nonexempt tranactions with any party-in-interest2020-12-31No
    Contributions received from participants2020-12-31$836,306
    Participant contributions at end of year2020-12-31$101,593
    Participant contributions at beginning of year2020-12-31$121,418
    Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$118,838
    Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$10,235,183
    Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$7,824,190
    Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
    Value of net income/loss2020-12-31$3,093,207
    Value of net assets at end of year (total assets less liabilities)2020-12-31$35,094,825
    Value of net assets at beginning of year (total assets less liabilities)2020-12-31$32,001,618
    Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
    Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
    Were any leases to which the plan was party in default or uncollectible2020-12-31No
    Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$13,049,345
    Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$9,762,345
    Interest on participant loans2020-12-31$6,844
    Value of interest in common/collective trusts at end of year2020-12-31$597,696
    Value of interest in common/collective trusts at beginning of year2020-12-31$464,463
    Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,223,983
    Net investment gain or loss from common/collective trusts2020-12-31$6,272
    Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
    Was there a failure to transmit to the plan any participant contributions2020-12-31No
    Has the plan failed to provide any benefit when due under the plan2020-12-31No
    Assets. Invements in employer securities at end of year2020-12-31$31,570,000
    Assets. Invements in employer securities at beginning of year2020-12-31$29,470,000
    Contributions received in cash from employer2020-12-31$1,008,559
    Employer contributions (assets) at end of year2020-12-31$11,374
    Employer contributions (assets) at beginning of year2020-12-31$7,582
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,380,456
    Did the plan have assets held for investment2020-12-31Yes
    Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
    Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
    Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
    Accountancy firm name2020-12-31BERRY, DUNN, MCNEIL & PARKER, LLC
    Accountancy firm EIN2020-12-31010523282
    2019 : CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2019 401k financial data
    Total unrealized appreciation/depreciation of assets2019-12-31$0
    Total transfer of assets to this plan2019-12-31$31,994,036
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$7,824,190
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
    Total income from all sources (including contributions)2019-12-31$7,582
    Total loss/gain on sale of assets2019-12-31$0
    Total of all expenses incurred2019-12-31$0
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$0
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$7,582
    Value of total assets at end of year2019-12-31$39,825,808
    Value of total assets at beginning of year2019-12-31$0
    Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$0
    Total interest from all sources2019-12-31$0
    Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
    Was this plan covered by a fidelity bond2019-12-31Yes
    Value of fidelity bond cover2019-12-31$1,500,000
    If this is an individual account plan, was there a blackout period2019-12-31No
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
    Were there any nonexempt tranactions with any party-in-interest2019-12-31No
    Participant contributions at end of year2019-12-31$121,418
    Participant contributions at beginning of year2019-12-31$0
    Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$7,824,190
    Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
    Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
    Value of net income/loss2019-12-31$7,582
    Value of net assets at end of year (total assets less liabilities)2019-12-31$32,001,618
    Value of net assets at beginning of year (total assets less liabilities)2019-12-31$0
    Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
    Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
    Were any leases to which the plan was party in default or uncollectible2019-12-31No
    Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$9,762,345
    Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$0
    Value of interest in common/collective trusts at end of year2019-12-31$464,463
    Value of interest in common/collective trusts at beginning of year2019-12-31$0
    Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
    Was there a failure to transmit to the plan any participant contributions2019-12-31No
    Has the plan failed to provide any benefit when due under the plan2019-12-31No
    Assets. Invements in employer securities at end of year2019-12-31$29,470,000
    Assets. Invements in employer securities at beginning of year2019-12-31$0
    Contributions received in cash from employer2019-12-31$7,582
    Employer contributions (assets) at end of year2019-12-31$7,582
    Employer contributions (assets) at beginning of year2019-12-31$0
    Did the plan have assets held for investment2019-12-31Yes
    Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
    Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
    Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
    Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
    Accountancy firm name2019-12-31BERRY, DUNN, MCNEIL & PARKER, LLC
    Accountancy firm EIN2019-12-31010523282

    Form 5500 Responses for CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

    2020: CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2020 form 5500 responses
    2020-01-01Type of plan entitySingle employer plan
    2020-01-01Submission has been amendedNo
    2020-01-01This submission is the final filingNo
    2020-01-01This return/report is a short plan year return/report (less than 12 months)No
    2020-01-01Plan is a collectively bargained planNo
    2020-01-01Plan funding arrangement – TrustYes
    2020-01-01Plan benefit arrangement - TrustYes
    2019: CLARK INSURANCE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2019 form 5500 responses
    2019-01-01Type of plan entitySingle employer plan
    2019-01-01First time form 5500 has been submittedYes
    2019-01-01Submission has been amendedNo
    2019-01-01This submission is the final filingNo
    2019-01-01This return/report is a short plan year return/report (less than 12 months)No
    2019-01-01Plan is a collectively bargained planNo
    2019-01-01Plan funding arrangement – TrustYes
    2019-01-01Plan benefit arrangement - TrustYes

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