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AUDIOLOGY BENEFITS 401(K) PLAN III 401k Plan overview

Plan NameAUDIOLOGY BENEFITS 401(K) PLAN III
Plan identification number 003

AUDIOLOGY BENEFITS 401(K) PLAN III Benefits

401k Plan TypeDefined 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.
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

AUDIOLOGY BENEFITS SERVICES LLC has sponsored the creation of one or more 401k plans.

Company Name:AUDIOLOGY BENEFITS SERVICES LLC
Employer identification number (EIN):273201446
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Additional information about AUDIOLOGY BENEFITS SERVICES LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 4857026

More information about AUDIOLOGY BENEFITS SERVICES LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AUDIOLOGY BENEFITS 401(K) PLAN III

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032016-01-01AMY GIUMMO AMY GIUMMO2017-09-27
0032015-01-01AMY GIUMMO AMY GIUMMO2016-10-17
0032014-01-01DAWN R ELLERY

Plan Statistics for AUDIOLOGY BENEFITS 401(K) PLAN III

401k plan membership statisitcs for AUDIOLOGY BENEFITS 401(K) PLAN III

Measure Date Value
2016: AUDIOLOGY BENEFITS 401(K) PLAN III 2016 401k membership
Total participants, beginning-of-year2016-01-01397
Total number of active participants reported on line 7a of the Form 55002016-01-01304
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0159
Total of all active and inactive participants2016-01-01363
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01363
Number of participants with account balances2016-01-01294
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0110
2015: AUDIOLOGY BENEFITS 401(K) PLAN III 2015 401k membership
Total participants, beginning-of-year2015-01-01397
Total number of active participants reported on line 7a of the Form 55002015-01-01328
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0166
Total of all active and inactive participants2015-01-01394
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01394
Number of participants with account balances2015-01-01272
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0113
2014: AUDIOLOGY BENEFITS 401(K) PLAN III 2014 401k membership
Total participants, beginning-of-year2014-01-01352
Total number of active participants reported on line 7a of the Form 55002014-01-01346
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0142
Total of all active and inactive participants2014-01-01388
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01388
Number of participants with account balances2014-01-01179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-014

Financial Data on AUDIOLOGY BENEFITS 401(K) PLAN III

Measure Date Value
2016 : AUDIOLOGY BENEFITS 401(K) PLAN III 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$88,273
Total transfer of assets from this plan2016-12-31$86,056
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$7,715
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$8,761
Total income from all sources (including contributions)2016-12-31$1,495,327
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$1,685,796
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,641,995
Expenses. Certain deemed distributions of participant loans2016-12-31$-1,610
Value of total corrective distributions2016-12-31$3,889
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$852,325
Value of total assets at end of year2016-12-31$8,021,516
Value of total assets at beginning of year2016-12-31$8,210,814
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$41,522
Total interest from all sources2016-12-31$9,912
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$112,357
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$112,357
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$605,378
Participant contributions at end of year2016-12-31$252,851
Participant contributions at beginning of year2016-12-31$206,794
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$63,682
Other income not declared elsewhere2016-12-31$1,123
Administrative expenses (other) incurred2016-12-31$41,522
Total non interest bearing cash at end of year2016-12-31$161
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-190,469
Value of net assets at end of year (total assets less liabilities)2016-12-31$8,013,801
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$8,202,053
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$6,505,672
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$6,799,669
Interest on participant loans2016-12-31$9,912
Value of interest in common/collective trusts at end of year2016-12-31$1,262,832
Value of interest in common/collective trusts at beginning of year2016-12-31$1,204,351
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$503,519
Net investment gain or loss from common/collective trusts2016-12-31$16,091
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$183,265
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,641,995
Liabilities. Value of benefit claims payable at end of year2016-12-31$7,715
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$8,761
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31COHNREZNICK LLP
Accountancy firm EIN2016-12-31221478099
2015 : AUDIOLOGY BENEFITS 401(K) PLAN III 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets from this plan2015-12-31$28,119
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$8,761
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$14,884
Total income from all sources (including contributions)2015-12-31$816,386
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$2,428,774
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$2,361,688
Expenses. Certain deemed distributions of participant loans2015-12-31$5,168
Value of total corrective distributions2015-12-31$8,433
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$763,218
Value of total assets at end of year2015-12-31$8,210,814
Value of total assets at beginning of year2015-12-31$9,857,444
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$53,485
Total interest from all sources2015-12-31$10,196
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$125,930
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$125,930
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$588,806
Participant contributions at end of year2015-12-31$206,794
Participant contributions at beginning of year2015-12-31$260,501
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$15,214
Other income not declared elsewhere2015-12-31$-20
Administrative expenses (other) incurred2015-12-31$53,485
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-1,612,388
Value of net assets at end of year (total assets less liabilities)2015-12-31$8,202,053
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$9,842,560
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$6,799,669
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$8,025,743
Interest on participant loans2015-12-31$10,196
Value of interest in common/collective trusts at end of year2015-12-31$1,204,351
Value of interest in common/collective trusts at beginning of year2015-12-31$1,571,200
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-98,969
Net investment gain or loss from common/collective trusts2015-12-31$16,031
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$159,198
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$2,361,688
Liabilities. Value of benefit claims payable at end of year2015-12-31$8,761
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$14,884
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31COHNREZNICK LLP
Accountancy firm EIN2015-12-31221478099
2014 : AUDIOLOGY BENEFITS 401(K) PLAN III 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$14,884
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$1,346,367
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$1,592,420
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,564,835
Value of total corrective distributions2014-12-31$13,389
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$746,920
Value of total assets at end of year2014-12-31$9,857,444
Value of total assets at beginning of year2014-12-31$10,088,613
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$14,196
Total interest from all sources2014-12-31$8,818
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$286,207
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$286,207
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$558,161
Participant contributions at end of year2014-12-31$260,501
Participant contributions at beginning of year2014-12-31$216,098
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$8,652
Other income not declared elsewhere2014-12-31$91
Administrative expenses (other) incurred2014-12-31$14,196
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-246,053
Value of net assets at end of year (total assets less liabilities)2014-12-31$9,842,560
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$10,088,613
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$8,025,743
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$2,194,099
Value of interest in pooled separate accounts at beginning of year2014-12-31$6,215,809
Interest on participant loans2014-12-31$8,818
Value of interest in common/collective trusts at end of year2014-12-31$1,571,200
Value of interest in common/collective trusts at beginning of year2014-12-31$1,462,607
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$311,495
Net investment gain or loss from common/collective trusts2014-12-31$-7,164
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$180,107
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,564,835
Liabilities. Value of benefit claims payable at end of year2014-12-31$14,884
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31COHNREZNICK LLP
Accountancy firm EIN2014-12-31221478099

Form 5500 Responses for AUDIOLOGY BENEFITS 401(K) PLAN III

2016: AUDIOLOGY BENEFITS 401(K) PLAN III 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: AUDIOLOGY BENEFITS 401(K) PLAN III 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: AUDIOLOGY BENEFITS 401(K) PLAN III 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number610274
Policy instance 1
Insurance contract or identification number610274
Number of Individuals Covered0
Insurance policy start date2014-01-01
Insurance policy end date2014-07-15
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No

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