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DRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN 401k Plan overview

Plan NameDRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN
Plan identification number 502

DRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Other welfare benefit cover

401k Sponsoring company profile

DRAKE SOFTWARE LLC has sponsored the creation of one or more 401k plans.

Company Name:DRAKE SOFTWARE LLC
Employer identification number (EIN):261539542
NAIC Classification:511210
NAIC Description:Software Publishers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022022-01-01STEPHANIE WALLACE2023-08-29
5022021-04-01PAUL MARTIN2022-10-12

Plan Statistics for DRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN

401k plan membership statisitcs for DRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN

Measure Date Value
2022: DRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01576
Total number of active participants reported on line 7a of the Form 55002022-01-01641
Total of all active and inactive participants2022-01-01641
2021: DRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN 2021 401k membership
Total participants, beginning-of-year2021-04-010
Total number of active participants reported on line 7a of the Form 55002021-04-01576
Total of all active and inactive participants2021-04-01576

Form 5500 Responses for DRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN

2022: DRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – InsuranceYes
2021: DRAKE SOFTWARE, LLC EMPLOYEES LIFE AND AD&D PLAN 2021 form 5500 responses
2021-04-01Type of plan entitySingle employer plan
2021-04-01First time form 5500 has been submittedYes
2021-04-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-04-01Plan funding arrangement – InsuranceYes
2021-04-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG00621180
Policy instance 1
Insurance contract or identification numberG00621180
Number of Individuals Covered641
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $32,877
Total amount of fees paid to insurance companyUSD $0
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH & DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $286,732
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $32,877
Insurance broker organization code?3
AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG00621180
Policy instance 1
Insurance contract or identification numberG00621180
Number of Individuals Covered576
Insurance policy start date2021-04-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $22,091
Total amount of fees paid to insurance companyUSD $0
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH & DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $191,503
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $22,091
Insurance broker organization code?3

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