401k Plan data: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN plan

COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 401k Plan overview

Plan Name	COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN
Plan identification number	001

COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: COSTELLO INSURANCE AGENCY, INC.

Employer identification number (EIN): 042239191

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-09-01
001 2021-09-01
001 2020-09-01 EMILY S. COSTELLO 2021-10-05
001 2019-09-01 WILLIAM J. COSTELLO 2020-10-07
001 2018-09-01 WILLIAM J. COSTELLO 2019-10-22
001 2017-09-01
001 2016-09-01 WILLIAM J COSTELLO 2018-05-25
001 2015-09-01 WILLIAM J. COSTELLO 2016-09-29
001 2014-09-01 WILLIAM J. COSTELLO 2015-11-11
001 2013-09-01 WILLIAM J. COSTELLO 2015-01-29
001 2012-09-01 WILLIAM J. COSTELLO 2013-11-07
001 2011-09-01 WILLIAM J COSTELLO 2013-01-23 WILLIAM J COSTELLO 2013-01-23
001 2010-09-01 WILLIAM J COSTELLO 2011-12-12

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-09-01
001	2021-09-01
001	2020-09-01	EMILY S. COSTELLO	2021-10-05
001	2019-09-01	WILLIAM J. COSTELLO	2020-10-07
001	2018-09-01	WILLIAM J. COSTELLO	2019-10-22
001	2017-09-01
001	2016-09-01	WILLIAM J COSTELLO	2018-05-25
001	2015-09-01	WILLIAM J. COSTELLO	2016-09-29
001	2014-09-01	WILLIAM J. COSTELLO	2015-11-11
001	2013-09-01	WILLIAM J. COSTELLO	2015-01-29
001	2012-09-01	WILLIAM J. COSTELLO	2013-11-07
001	2011-09-01	WILLIAM J COSTELLO	2013-01-23	WILLIAM J COSTELLO	2013-01-23
001	2010-09-01	WILLIAM J COSTELLO	2011-12-12

Plan Statistics for COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN

Measure Date Value
2020: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-09-01 10
Total number of active participants reported on line 7a of the Form 5500 2020-09-01 7
Number of retired or separated participants receiving benefits 2020-09-01 0
Number of other retired or separated participants entitled to future benefits 2020-09-01 1
Total of all active and inactive participants 2020-09-01 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-09-01 0
Total participants 2020-09-01 8
Number of participants with account balances 2020-09-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-09-01 0
2019: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-09-01 11
Total number of active participants reported on line 7a of the Form 5500 2019-09-01 8
Number of retired or separated participants receiving benefits 2019-09-01 0
Number of other retired or separated participants entitled to future benefits 2019-09-01 2
Total of all active and inactive participants 2019-09-01 10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-09-01 0
Total participants 2019-09-01 10
Number of participants with account balances 2019-09-01 10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-09-01 0
2018: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-09-01 11
Total number of active participants reported on line 7a of the Form 5500 2018-09-01 8
Number of retired or separated participants receiving benefits 2018-09-01 0
Number of other retired or separated participants entitled to future benefits 2018-09-01 3
Total of all active and inactive participants 2018-09-01 11
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-09-01 0
Total participants 2018-09-01 11
Number of participants with account balances 2018-09-01 11
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-09-01 0
2017: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-09-01 10
Total number of active participants reported on line 7a of the Form 5500 2017-09-01 7
Number of retired or separated participants receiving benefits 2017-09-01 0
Number of other retired or separated participants entitled to future benefits 2017-09-01 3
Total of all active and inactive participants 2017-09-01 10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-09-01 0
Total participants 2017-09-01 10
Number of participants with account balances 2017-09-01 10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-09-01 0

Measure	Date	Value
2020: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-09-01	10
Total number of active participants reported on line 7a of the Form 5500	2020-09-01	7
Number of retired or separated participants receiving benefits	2020-09-01	0
Number of other retired or separated participants entitled to future benefits	2020-09-01	1
Total of all active and inactive participants	2020-09-01	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-09-01	0
Total participants	2020-09-01	8
Number of participants with account balances	2020-09-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-09-01	0
2019: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-09-01	11
Total number of active participants reported on line 7a of the Form 5500	2019-09-01	8
Number of retired or separated participants receiving benefits	2019-09-01	0
Number of other retired or separated participants entitled to future benefits	2019-09-01	2
Total of all active and inactive participants	2019-09-01	10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-09-01	0
Total participants	2019-09-01	10
Number of participants with account balances	2019-09-01	10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-09-01	0
2018: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-09-01	11
Total number of active participants reported on line 7a of the Form 5500	2018-09-01	8
Number of retired or separated participants receiving benefits	2018-09-01	0
Number of other retired or separated participants entitled to future benefits	2018-09-01	3
Total of all active and inactive participants	2018-09-01	11
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-09-01	0
Total participants	2018-09-01	11
Number of participants with account balances	2018-09-01	11
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-09-01	0
2017: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-09-01	10
Total number of active participants reported on line 7a of the Form 5500	2017-09-01	7
Number of retired or separated participants receiving benefits	2017-09-01	0
Number of other retired or separated participants entitled to future benefits	2017-09-01	3
Total of all active and inactive participants	2017-09-01	10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-09-01	0
Total participants	2017-09-01	10
Number of participants with account balances	2017-09-01	10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-09-01	0

Financial Data on COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN

Measure	Date	Value
2021 : COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan	2021-08-31	$0
Total plan liabilities at end of year	2021-08-31	$0
Total plan liabilities at beginning of year	2021-08-31	$0
Total income from all sources	2021-08-31	$249,055
Expenses. Total of all expenses incurred	2021-08-31	$2,116,869
Benefits paid (including direct rollovers)	2021-08-31	$2,116,869
Total plan assets at end of year	2021-08-31	$949,148
Total plan assets at beginning of year	2021-08-31	$2,816,962
Value of fidelity bond covering the plan	2021-08-31	$300,000
Assets. Value of loans (other than to participants)	2021-08-31	$0
Other income received	2021-08-31	$184,055
Net income (gross income less expenses)	2021-08-31	$-1,867,814
Net plan assets at end of year (total assets less liabilities)	2021-08-31	$949,148
Net plan assets at beginning of year (total assets less liabilities)	2021-08-31	$2,816,962
Total contributions received or receivable from employer(s)	2021-08-31	$65,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-08-31	$0
2020 : COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan	2020-08-31	$0
Total plan liabilities at end of year	2020-08-31	$0
Total plan liabilities at beginning of year	2020-08-31	$0
Total income from all sources	2020-08-31	$146,334
Expenses. Total of all expenses incurred	2020-08-31	$349,192
Benefits paid (including direct rollovers)	2020-08-31	$345,832
Total plan assets at end of year	2020-08-31	$2,816,962
Total plan assets at beginning of year	2020-08-31	$3,019,820
Value of fidelity bond covering the plan	2020-08-31	$301,982
Assets. Value of loans (other than to participants)	2020-08-31	$474,176
Other income received	2020-08-31	$76,334
Net income (gross income less expenses)	2020-08-31	$-202,858
Net plan assets at end of year (total assets less liabilities)	2020-08-31	$2,816,962
Net plan assets at beginning of year (total assets less liabilities)	2020-08-31	$3,019,820
Total contributions received or receivable from employer(s)	2020-08-31	$70,000
Expenses. Administrative service providers (salaries,fees and commissions)	2020-08-31	$3,360
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-08-31	$0
2019 : COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan	2019-08-31	$0
Total plan liabilities at end of year	2019-08-31	$0
Total plan liabilities at beginning of year	2019-08-31	$0
Total income from all sources	2019-08-31	$339,225
Expenses. Total of all expenses incurred	2019-08-31	$9,399
Total plan assets at end of year	2019-08-31	$3,019,820
Total plan assets at beginning of year	2019-08-31	$2,689,994
Value of fidelity bond covering the plan	2019-08-31	$300,000
Assets. Value of loans (other than to participants)	2019-08-31	$485,241
Other income received	2019-08-31	$269,225
Net income (gross income less expenses)	2019-08-31	$329,826
Net plan assets at end of year (total assets less liabilities)	2019-08-31	$3,019,820
Net plan assets at beginning of year (total assets less liabilities)	2019-08-31	$2,689,994
Total contributions received or receivable from employer(s)	2019-08-31	$70,000
Expenses. Administrative service providers (salaries,fees and commissions)	2019-08-31	$9,399
2018 : COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan	2018-08-31	$0
Total plan liabilities at end of year	2018-08-31	$0
Total plan liabilities at beginning of year	2018-08-31	$0
Total income from all sources	2018-08-31	$457,481
Expenses. Total of all expenses incurred	2018-08-31	$9,775
Total plan assets at end of year	2018-08-31	$2,689,994
Total plan assets at beginning of year	2018-08-31	$2,242,288
Value of fidelity bond covering the plan	2018-08-31	$300,000
Assets. Value of loans (other than to participants)	2018-08-31	$495,767
Other income received	2018-08-31	$392,481
Net income (gross income less expenses)	2018-08-31	$447,706
Net plan assets at end of year (total assets less liabilities)	2018-08-31	$2,689,994
Net plan assets at beginning of year (total assets less liabilities)	2018-08-31	$2,242,288
Total contributions received or receivable from employer(s)	2018-08-31	$65,000
Expenses. Administrative service providers (salaries,fees and commissions)	2018-08-31	$9,775

Form 5500 Responses for COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN

2020: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2020 form 5500 responses
2020-09-01	Type of plan entity	Single employer plan
2020-09-01	Submission has been amended	No
2020-09-01	This submission is the final filing	No
2020-09-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-09-01	Plan is a collectively bargained plan	No
2020-09-01	Plan funding arrangement – Trust	Yes
2020-09-01	Plan benefit arrangement - Trust	Yes
2019: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2019 form 5500 responses
2019-09-01	Type of plan entity	Single employer plan
2019-09-01	Submission has been amended	No
2019-09-01	This submission is the final filing	No
2019-09-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-09-01	Plan is a collectively bargained plan	No
2019-09-01	Plan funding arrangement – Trust	Yes
2019-09-01	Plan benefit arrangement - Trust	Yes
2018: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-09-01	Type of plan entity	Single employer plan
2018-09-01	Submission has been amended	No
2018-09-01	This submission is the final filing	No
2018-09-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-09-01	Plan is a collectively bargained plan	No
2018-09-01	Plan funding arrangement – Trust	Yes
2018-09-01	Plan benefit arrangement - Trust	Yes
2017: COSTELLO INSURANCE AGENCY, INC. PROFIT SHARING PLAN 2017 form 5500 responses
2017-09-01	Type of plan entity	Single employer plan
2017-09-01	Submission has been amended	No
2017-09-01	This submission is the final filing	No
2017-09-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-09-01	Plan is a collectively bargained plan	No
2017-09-01	Plan funding arrangement – Trust	Yes
2017-09-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

COSTELLO INSURANCE ASSOCIATES 401 K PROFIT SHARING PLAN TRUST [EIN = 860674997]

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Company Name:	COSTELLO INSURANCE AGENCY, INC.
Employer identification number (EIN):	042239191
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages