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PRIME MATERIALS RECOVERY, INC. 401k Plan overview

Plan NamePRIME MATERIALS RECOVERY, INC.
Plan identification number 501

PRIME MATERIALS RECOVERY, INC. Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • 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

PRIME MATERIALS RECOVERY, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRIME MATERIALS RECOVERY, INC.
Employer identification number (EIN):300105463
NAIC Classification:334410

Additional information about PRIME MATERIALS RECOVERY, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2002-08-23
Company Identification Number: 2804499
Legal Registered Office Address: 16 LAKE RD
Oneida
COLUMBIA
United States of America (USA)
06237

More information about PRIME MATERIALS RECOVERY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRIME MATERIALS RECOVERY, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012022-05-01CAROLYN TERCYAK2023-10-16
5012021-05-01CAROLYN TERCYAK2022-11-22

Plan Statistics for PRIME MATERIALS RECOVERY, INC.

401k plan membership statisitcs for PRIME MATERIALS RECOVERY, INC.

Measure Date Value
2022: PRIME MATERIALS RECOVERY, INC. 2022 401k membership
Total participants, beginning-of-year2022-05-01328
Total number of active participants reported on line 7a of the Form 55002022-05-01704
Number of retired or separated participants receiving benefits2022-05-010
Number of other retired or separated participants entitled to future benefits2022-05-010
Total of all active and inactive participants2022-05-01704
Number of employers contributing to the scheme2022-05-010
2021: PRIME MATERIALS RECOVERY, INC. 2021 401k membership
Total participants, beginning-of-year2021-05-01299
Total number of active participants reported on line 7a of the Form 55002021-05-01328
Number of retired or separated participants receiving benefits2021-05-010
Number of other retired or separated participants entitled to future benefits2021-05-010
Total of all active and inactive participants2021-05-01328
Number of employers contributing to the scheme2021-05-010

Form 5500 Responses for PRIME MATERIALS RECOVERY, INC.

2022: PRIME MATERIALS RECOVERY, INC. 2022 form 5500 responses
2022-05-01Type of plan entitySingle employer plan
2022-05-01Plan funding arrangement – InsuranceYes
2022-05-01Plan benefit arrangement – InsuranceYes
2021: PRIME MATERIALS RECOVERY, INC. 2021 form 5500 responses
2021-05-01Type of plan entitySingle employer plan
2021-05-01First time form 5500 has been submittedYes
2021-05-01Plan funding arrangement – InsuranceYes
2021-05-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number469003
Policy instance 1
Insurance contract or identification number469003
Number of Individuals Covered336
Insurance policy start date2022-05-01
Insurance policy end date2022-07-31
Total amount of commissions paid to insurance brokerUSD $13,431
Total amount of fees paid to insurance companyUSD $0
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, ACCIDENT
Welfare Benefit Premiums Paid to CarrierUSD $71,218
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,954
Amount paid for insurance broker fees0
Insurance broker organization code?3
UNITEDHEALTHCARE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 79413 )
Policy contract number370125
Policy instance 2
Insurance contract or identification number370125
Number of Individuals Covered683
Insurance policy start date2022-05-01
Insurance policy end date2023-04-30
Total amount of commissions paid to insurance brokerUSD $133,745
Total amount of fees paid to insurance companyUSD $0
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT, ACCIDENT
Welfare Benefit Premiums Paid to CarrierUSD $3,052,301
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $79,290
Amount paid for insurance broker fees0
Insurance broker organization code?3
HPHC INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 18975 )
Policy contract number109824 ET AL
Policy instance 1
Insurance contract or identification number109824 ET AL
Number of Individuals Covered412
Insurance policy start date2021-05-01
Insurance policy end date2022-04-30
Total amount of commissions paid to insurance brokerUSD $127,100
Total amount of fees paid to insurance companyUSD $0
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $2,199,068
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $71,095
Amount paid for insurance broker fees0
Insurance broker organization code?3
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number469003
Policy instance 2
Insurance contract or identification number469003
Number of Individuals Covered317
Insurance policy start date2021-05-01
Insurance policy end date2022-04-30
Total amount of commissions paid to insurance brokerUSD $29,990
Total amount of fees paid to insurance companyUSD $0
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, ACCIDENT
Welfare Benefit Premiums Paid to CarrierUSD $347,054
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $20,825
Amount paid for insurance broker fees0
Insurance broker organization code?3

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