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Plan Name | I.B. ABEL, INC. EMPLOYEE BENEFIT PLAN |
Plan identification number | 503 |
401k Plan Type | Welfare Benefit |
Plan Features/Benefits |
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Company Name: | I.B. ABEL, INC. |
Employer identification number (EIN): | 231358930 |
NAIC Classification: | 541330 |
NAIC Description: | Engineering Services |
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
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503 | 2022-01-01 | ||||
503 | 2021-06-01 |
Measure | Date | Value |
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2022: I.B. ABEL, INC. EMPLOYEE BENEFIT PLAN 2022 401k membership | ||
Total participants, beginning-of-year | 2022-01-01 | 89 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 88 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 1 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 0 |
Total of all active and inactive participants | 2022-01-01 | 89 |
2021: I.B. ABEL, INC. EMPLOYEE BENEFIT PLAN 2021 401k membership | ||
Total participants, beginning-of-year | 2021-06-01 | 91 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-06-01 | 89 |
Number of retired or separated participants receiving benefits | 2021-06-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2021-06-01 | 0 |
Total of all active and inactive participants | 2021-06-01 | 89 |
Measure | Date | Value |
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2022 : I.B. ABEL, INC. EMPLOYEE BENEFIT PLAN 2022 401k financial data | ||
Total plan liabilities at end of year | 2022-12-31 | $287,372 |
Total plan liabilities at beginning of year | 2022-12-31 | $314,899 |
Total income from all sources | 2022-12-31 | $2,031,448 |
Expenses. Total of all expenses incurred | 2022-12-31 | $1,908,531 |
Benefits paid (including direct rollovers) | 2022-12-31 | $1,077,656 |
Total plan assets at end of year | 2022-12-31 | $793,724 |
Total plan assets at beginning of year | 2022-12-31 | $698,334 |
Value of fidelity bond covering the plan | 2022-12-31 | $3,000,000 |
Total contributions received or receivable from participants | 2022-12-31 | $286,058 |
Expenses. Other expenses not covered elsewhere | 2022-12-31 | $617,410 |
Contributions received from other sources (not participants or employers) | 2022-12-31 | $15,535 |
Other income received | 2022-12-31 | $2,151 |
Net income (gross income less expenses) | 2022-12-31 | $122,917 |
Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $506,352 |
Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $383,435 |
Total contributions received or receivable from employer(s) | 2022-12-31 | $1,727,704 |
Value of corrective distributions | 2022-12-31 | $205,939 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2022-12-31 | $7,526 |
2022: I.B. ABEL, INC. EMPLOYEE BENEFIT PLAN 2022 form 5500 responses | ||
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2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
2022-01-01 | This submission is the final filing | No |
2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2022-01-01 | Plan is a collectively bargained plan | No |
2022-01-01 | Plan funding arrangement – Insurance | Yes |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement – Insurance | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |
2021: I.B. ABEL, INC. EMPLOYEE BENEFIT PLAN 2021 form 5500 responses | ||
2021-06-01 | Type of plan entity | Single employer plan |
2021-06-01 | First time form 5500 has been submitted | Yes |
2021-06-01 | Submission has been amended | No |
2021-06-01 | This submission is the final filing | No |
2021-06-01 | This return/report is a short plan year return/report (less than 12 months) | Yes |
2021-06-01 | Plan is a collectively bargained plan | No |
2021-06-01 | Plan funding arrangement – Insurance | Yes |
2021-06-01 | Plan benefit arrangement – Insurance | Yes |
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 ) | |||||||||||||||||||||||||||||||||||||||||||||||
Policy contract number | GENESIS | ||||||||||||||||||||||||||||||||||||||||||||||
Policy instance | 1 | ||||||||||||||||||||||||||||||||||||||||||||||
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EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 ) | |||||||||||||||||||||||||||||||||||||||||||||||
Policy contract number | GENESIS | ||||||||||||||||||||||||||||||||||||||||||||||
Policy instance | 1 | ||||||||||||||||||||||||||||||||||||||||||||||
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