401k Plan data: SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN plan

SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan Name	SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN
Plan identification number	003

SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN Benefits

401k Plan Type

Defined 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
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.
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

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

Company Name: SMITH INSURANCE, INC.

Employer identification number (EIN): 060867210

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Additional information about SMITH INSURANCE, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1986-06-05

Company Identification Number: J17868

Legal Registered Office Address: 401 S 25TH ST

FORT PIERCE

34947

More information about SMITH INSURANCE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2015-01-01 MICHAEL MEENEGHAN
003 2014-01-01 PAMELA A ODDI PAMELA A ODDI 2015-07-15
003 2013-01-01 JOHN BUDDS 2014-05-05
003 2012-01-01 JOHN BUDDS 2013-05-03
003 2011-01-01 JOHN BUDDS 2012-08-14
003 2010-01-01 JOHN BUDDS 2011-06-20 JOHN BUDDS 2011-06-20

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2015-01-01	MICHAEL MEENEGHAN
003	2014-01-01	PAMELA A ODDI		PAMELA A ODDI	2015-07-15
003	2013-01-01	JOHN BUDDS	2014-05-05
003	2012-01-01	JOHN BUDDS	2013-05-03
003	2011-01-01	JOHN BUDDS	2012-08-14
003	2010-01-01	JOHN BUDDS	2011-06-20	JOHN BUDDS	2011-06-20

Plan Statistics for SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2015: SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 47
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 36
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 9
Total of all active and inactive participants 2015-01-01 45
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 45
Number of participants with account balances 2015-01-01 43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 49
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 45
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 2
Total of all active and inactive participants 2014-01-01 47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 47
Number of participants with account balances 2014-01-01 42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0

Measure	Date	Value
2015: SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	47
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	36
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	9
Total of all active and inactive participants	2015-01-01	45
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	45
Number of participants with account balances	2015-01-01	43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	49
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	45
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	2
Total of all active and inactive participants	2014-01-01	47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	47
Number of participants with account balances	2014-01-01	42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0

Financial Data on SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN

Measure	Date	Value
2015 : SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN 2015 401k financial data
Transfers to/from the plan	2015-12-31	$0
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$393,253
Expenses. Total of all expenses incurred	2015-12-31	$200,043
Benefits paid (including direct rollovers)	2015-12-31	$198,755
Total plan assets at end of year	2015-12-31	$5,471,868
Total plan assets at beginning of year	2015-12-31	$5,278,658
Value of fidelity bond covering the plan	2015-12-31	$500,000
Total contributions received or receivable from participants	2015-12-31	$260,100
Expenses. Other expenses not covered elsewhere	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$15,821
Other income received	2015-12-31	$16,635
Noncash contributions received	2015-12-31	$0
Net income (gross income less expenses)	2015-12-31	$193,210
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$5,471,868
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$5,278,658
Assets. Value of participant loans	2015-12-31	$114,775
Total contributions received or receivable from employer(s)	2015-12-31	$100,697
Value of certain deemed distributions of participant loans	2015-12-31	$0
Value of corrective distributions	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$1,288
2014 : SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$558,843
Expenses. Total of all expenses incurred	2014-12-31	$457,573
Benefits paid (including direct rollovers)	2014-12-31	$456,735
Total plan assets at end of year	2014-12-31	$5,278,658
Total plan assets at beginning of year	2014-12-31	$5,177,388
Value of fidelity bond covering the plan	2014-12-31	$500,000
Total contributions received or receivable from participants	2014-12-31	$250,013
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$23,377
Other income received	2014-12-31	$285,453
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$101,270
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$5,278,658
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$5,177,388
Assets. Value of participant loans	2014-12-31	$91,896
Total contributions received or receivable from employer(s)	2014-12-31	$0
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$838

Form 5500 Responses for SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN

2015: SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SMITH INSURANCE, INC. 401(K) RETIREMENT PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )

Policy contract number

GA-821336

Policy instance

Insurance contract or identification number	GA-821336
Number of Individuals Covered	0
Insurance policy start date	2014-01-01
Insurance policy end date	2014-12-31
Total amount of commissions paid to insurance broker	USD $3,082
Total amount of fees paid to insurance company	USD $1,111
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $3,082
Amount paid for insurance broker fees	0
Additional information about fees paid to insurance broker	SALES/MARKETING
Insurance broker organization code?	3
Insurance broker name	MERRILL LYNCH PIERCE FENNER SMITH

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Company Name:	SMITH INSURANCE, INC.
Employer identification number (EIN):	060867210
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1986-06-05
Company Identification Number:	J17868
Legal Registered Office Address:	401 S 25TH ST FORT PIERCE 34947