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SYSNET GLOBAL SOLUTIONS, INC. DENTAL, VISION LIFE AND DISABILITY PLAN 401k Plan overview

Plan NameSYSNET GLOBAL SOLUTIONS, INC. DENTAL, VISION LIFE AND DISABILITY PLAN
Plan identification number 502

SYSNET GLOBAL SOLUTIONS, INC. DENTAL, VISION LIFE AND DISABILITY PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

SYSNET GLOBAL SOLUTIONS has sponsored the creation of one or more 401k plans.

Company Name:SYSNET GLOBAL SOLUTIONS
Employer identification number (EIN):274150709
NAIC Classification:541511
NAIC Description:Custom Computer Programming Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SYSNET GLOBAL SOLUTIONS, INC. DENTAL, VISION LIFE AND DISABILITY PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022020-06-01BRIAN SANDERSON2021-11-01
5022020-06-01BRIAN SANDERSON2022-06-22

Plan Statistics for SYSNET GLOBAL SOLUTIONS, INC. DENTAL, VISION LIFE AND DISABILITY PLAN

401k plan membership statisitcs for SYSNET GLOBAL SOLUTIONS, INC. DENTAL, VISION LIFE AND DISABILITY PLAN

Measure Date Value
2020: SYSNET GLOBAL SOLUTIONS, INC. DENTAL, VISION LIFE AND DISABILITY PLAN 2020 401k membership
Total participants, beginning-of-year2020-06-01100
Total number of active participants reported on line 7a of the Form 55002020-06-01103
Number of retired or separated participants receiving benefits2020-06-010
Number of other retired or separated participants entitled to future benefits2020-06-010
Total of all active and inactive participants2020-06-01103
Number of employers contributing to the scheme2020-06-010

Form 5500 Responses for SYSNET GLOBAL SOLUTIONS, INC. DENTAL, VISION LIFE AND DISABILITY PLAN

2020: SYSNET GLOBAL SOLUTIONS, INC. DENTAL, VISION LIFE AND DISABILITY PLAN 2020 form 5500 responses
2020-06-01Type of plan entitySingle employer plan
2020-06-01First time form 5500 has been submittedYes
2020-06-01Submission has been amendedYes
2020-06-01This submission is the final filingYes
2020-06-01Plan funding arrangement – InsuranceYes
2020-06-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number5959171
Policy instance 1
Insurance contract or identification number5959171
Number of Individuals Covered243
Insurance policy start date2020-06-01
Insurance policy end date2021-05-31
Total amount of commissions paid to insurance brokerUSD $5,010
Total amount of fees paid to insurance companyUSD $751
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $48,261
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,104
Amount paid for insurance broker fees751
Additional information about fees paid to insurance brokerSUPPLEMENTAL COMPENSATION ADDITIONAL COMPENSATION MARKETING FEES NON-MONETARY COMPENSATION
Insurance broker organization code?3
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number547930
Policy instance 2
Insurance contract or identification number547930
Number of Individuals Covered65
Insurance policy start date2021-03-01
Insurance policy end date2021-05-31
Total amount of commissions paid to insurance brokerUSD $4,512
Total amount of fees paid to insurance companyUSD $1,824
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $25,359
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2,676
Amount paid for insurance broker fees1824
Additional information about fees paid to insurance brokerFEES
Insurance broker organization code?3

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