BOARD OF TRUSTEES LOCAL 318 HEALTH & WELFARE TRUST FUND has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan USW LOCAL 318 HEALTH AND WELFARE TRUST FUND
| Measure | Date | Value |
|---|
| 2023 : USW LOCAL 318 HEALTH AND WELFARE TRUST FUND 2023 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-03-31 | $103,862 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-03-31 | $109,507 |
| Total income from all sources (including contributions) | 2023-03-31 | $74,181 |
| Total loss/gain on sale of assets | 2023-03-31 | $0 |
| Total of all expenses incurred | 2023-03-31 | $148,537 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-03-31 | $87,485 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-03-31 | $117,385 |
| Value of total assets at end of year | 2023-03-31 | $725,973 |
| Value of total assets at beginning of year | 2023-03-31 | $805,974 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-03-31 | $61,052 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-03-31 | $19,799 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-03-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-03-31 | $19,799 |
| Administrative expenses professional fees incurred | 2023-03-31 | $26,004 |
| Was this plan covered by a fidelity bond | 2023-03-31 | Yes |
| Value of fidelity bond cover | 2023-03-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-03-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-03-31 | No |
| Contributions received from participants | 2023-03-31 | $1,571 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-03-31 | $3,176 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-03-31 | $3,745 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-03-31 | $99,695 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-03-31 | $108,340 |
| Administrative expenses (other) incurred | 2023-03-31 | $12,392 |
| Liabilities. Value of operating payables at end of year | 2023-03-31 | $4,167 |
| Liabilities. Value of operating payables at beginning of year | 2023-03-31 | $1,167 |
| Total non interest bearing cash at end of year | 2023-03-31 | $14,763 |
| Total non interest bearing cash at beginning of year | 2023-03-31 | $40,521 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-03-31 | No |
| Value of net income/loss | 2023-03-31 | $-74,356 |
| Value of net assets at end of year (total assets less liabilities) | 2023-03-31 | $622,111 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-03-31 | $696,467 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-03-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-03-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-03-31 | No |
| Investment advisory and management fees | 2023-03-31 | $10,470 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-03-31 | $638,288 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-03-31 | $701,291 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-03-31 | $69,746 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-03-31 | $60,417 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-03-31 | $60,417 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2023-03-31 | $87,485 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-03-31 | $-63,003 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-03-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-03-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-03-31 | No |
| Contributions received in cash from employer | 2023-03-31 | $115,814 |
| Contract administrator fees | 2023-03-31 | $12,186 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-03-31 | No |
| Did the plan have assets held for investment | 2023-03-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-03-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-03-31 | No |
| Aggregate proceeds on sale of assets | 2023-03-31 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2023-03-31 | $0 |
| Opinion of an independent qualified public accountant for this plan | 2023-03-31 | Unqualified |
| Accountancy firm name | 2023-03-31 | GETTRY MARCUS CPA, P.C. |
| Accountancy firm EIN | 2023-03-31 | 133418879 |
| CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES (National Association of Insurance Commissioners NAIC id number: 67369 ) |
| Policy contract number | 3341180 |
| Policy instance | 1 |
| Insurance contract or identification number | 3341180 | | Number of Individuals Covered | 218 | | Insurance policy start date | 2022-01-01 | | Insurance policy end date | 2022-12-31 | | Total amount of commissions paid to insurance broker | USD $7,342 | | Total amount of fees paid to insurance company | USD $1,836 | | Dental Insurance Welfare Benefit | Yes | | Welfare Benefit Premiums Paid to Carrier | USD $91,899 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $7,342 | | Additional information about fees paid to insurance broker | GENERAL AGENT PAYMENTS | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 1836 |
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| CIGNA DENTAL HEALTH OF NEW JERSEY, INC. (National Association of Insurance Commissioners NAIC id number: 11167 ) |
| Policy contract number | 3341180 |
| Policy instance | 2 |
| Insurance contract or identification number | 3341180 | | Number of Individuals Covered | 189 | | Insurance policy start date | 2022-01-01 | | Insurance policy end date | 2022-12-31 | | Total amount of commissions paid to insurance broker | USD $6,360 | | Total amount of fees paid to insurance company | USD $1,590 | | Dental Insurance Welfare Benefit | Yes | | Welfare Benefit Premiums Paid to Carrier | USD $79,494 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $6,360 | | Additional information about fees paid to insurance broker | GENERAL AGENT PAYMENTS | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 1590 |
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| CIGNA DENTAL HEALTH OF PENNSYLVANIA, INC. (National Association of Insurance Commissioners NAIC id number: 47041 ) |
| Policy contract number | 3341180 |
| Policy instance | 3 |
| Insurance contract or identification number | 3341180 | | Number of Individuals Covered | 3 | | Insurance policy start date | 2022-01-01 | | Insurance policy end date | 2022-12-31 | | Total amount of commissions paid to insurance broker | USD $98 | | Total amount of fees paid to insurance company | USD $24 | | Dental Insurance Welfare Benefit | Yes | | Welfare Benefit Premiums Paid to Carrier | USD $1,224 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $98 | | Additional information about fees paid to insurance broker | GENERAL AGENT PAYMENTS | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 24 |
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