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OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 401k Plan overview

Plan NameOHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN
Plan identification number 001

OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.

401k Sponsoring company profile

OHIO INSURANCE CENTER AGENCY, INC. has sponsored the creation of one or more 401k plans.

Company Name:OHIO INSURANCE CENTER AGENCY, INC.
Employer identification number (EIN):310855877
NAIC Classification:524290

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOSEPH BLUM2023-10-03 JOSEPH BLUM2023-10-03
0012021-01-01JOSEPH BLUM2022-07-28
0012020-01-01JOSEPH BLUM2021-09-30
0012019-01-01JOSEPH BLUM2020-10-12
0012018-01-01JOSEPH BLUM2019-07-15
0012017-01-01JOSEPH BLUM
0012016-01-01JOSEPH BLUM
0012015-01-01NANCY BLUM
0012014-01-01MARK BLUM
0012013-01-01MARK BLUM
0012012-01-01MARK BLUM
0012011-01-01MARK BLUM
0012010-01-01MARK BLUM
0012009-01-01MARK BLUM

Plan Statistics for OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN

401k plan membership statisitcs for OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN

Measure Date Value
2017: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0117
Total number of active participants reported on line 7a of the Form 55002017-01-0113
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0114
Number of participants with account balances2017-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0118
Total number of active participants reported on line 7a of the Form 55002016-01-0114
Number of other retired or separated participants entitled to future benefits2016-01-013
Total of all active and inactive participants2016-01-0117
Total participants2016-01-0117
Number of participants with account balances2016-01-0116
2015: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0118
Total number of active participants reported on line 7a of the Form 55002015-01-0117
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-0118
Total participants2015-01-0118
Number of participants with account balances2015-01-0116
2014: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0120
Total number of active participants reported on line 7a of the Form 55002014-01-0117
Number of other retired or separated participants entitled to future benefits2014-01-011
Total of all active and inactive participants2014-01-0118
Total participants2014-01-0118
Number of participants with account balances2014-01-0116
2013: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0118
Total number of active participants reported on line 7a of the Form 55002013-01-0119
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-0120
Total participants2013-01-0120
Number of participants with account balances2013-01-0119
2012: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0117
Total number of active participants reported on line 7a of the Form 55002012-01-0117
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0118
Number of participants with account balances2012-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0119
Total number of active participants reported on line 7a of the Form 55002011-01-0118
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0119
Number of participants with account balances2011-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0119
Total number of active participants reported on line 7a of the Form 55002010-01-0118
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-011
Total of all active and inactive participants2010-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0119
Number of participants with account balances2010-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0120
Total number of active participants reported on line 7a of the Form 55002009-01-0118
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0119
Number of participants with account balances2009-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN

Measure Date Value
2017 : OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$431,125
Expenses. Total of all expenses incurred2017-12-31$61,233
Benefits paid (including direct rollovers)2017-12-31$60,883
Total plan assets at end of year2017-12-31$2,953,924
Total plan assets at beginning of year2017-12-31$2,584,032
Value of fidelity bond covering the plan2017-12-31$300,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$64,760
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$348,405
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$369,892
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,953,924
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,584,032
Assets. Value of participant loans2017-12-31$20,443
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$17,960
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$350
2016 : OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$168,188
Expenses. Total of all expenses incurred2016-12-31$8,308
Benefits paid (including direct rollovers)2016-12-31$7,833
Total plan assets at end of year2016-12-31$2,584,032
Total plan assets at beginning of year2016-12-31$2,424,152
Value of fidelity bond covering the plan2016-12-31$300,000
Total contributions received or receivable from participants2016-12-31$72,130
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$76,459
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$159,880
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,584,032
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,424,152
Assets. Value of participant loans2016-12-31$48,770
Total contributions received or receivable from employer(s)2016-12-31$19,599
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$475
2015 : OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$79,079
Expenses. Total of all expenses incurred2015-12-31$7,950
Benefits paid (including direct rollovers)2015-12-31$7,850
Total plan assets at end of year2015-12-31$2,424,152
Total plan assets at beginning of year2015-12-31$2,353,023
Value of fidelity bond covering the plan2015-12-31$300,000
Total contributions received or receivable from participants2015-12-31$69,626
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-10,221
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$71,129
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,424,152
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,353,023
Assets. Value of participant loans2015-12-31$23,846
Total contributions received or receivable from employer(s)2015-12-31$19,674
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$100
2014 : OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$135,371
Expenses. Total of all expenses incurred2014-12-31$864,271
Benefits paid (including direct rollovers)2014-12-31$863,543
Total plan assets at end of year2014-12-31$2,353,023
Total plan assets at beginning of year2014-12-31$3,081,923
Value of fidelity bond covering the plan2014-12-31$300,000
Total contributions received or receivable from participants2014-12-31$57,647
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$59,306
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-728,900
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,353,023
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$3,081,923
Assets. Value of participant loans2014-12-31$29,498
Total contributions received or receivable from employer(s)2014-12-31$18,418
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$728
2013 : OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$433,464
Expenses. Total of all expenses incurred2013-12-31$143,544
Benefits paid (including direct rollovers)2013-12-31$143,431
Total plan assets at end of year2013-12-31$3,081,923
Total plan assets at beginning of year2013-12-31$2,792,003
Value of fidelity bond covering the plan2013-12-31$300,000
Total contributions received or receivable from participants2013-12-31$48,278
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$365,843
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$289,920
Net plan assets at end of year (total assets less liabilities)2013-12-31$3,081,923
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,792,003
Assets. Value of participant loans2013-12-31$8,536
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$19,343
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$113
2012 : OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$285,141
Expenses. Total of all expenses incurred2012-12-31$112,055
Benefits paid (including direct rollovers)2012-12-31$111,641
Total plan assets at end of year2012-12-31$2,792,003
Total plan assets at beginning of year2012-12-31$2,618,917
Total contributions received or receivable from participants2012-12-31$44,763
Other income received2012-12-31$221,656
Net income (gross income less expenses)2012-12-31$173,086
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,792,003
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,618,917
Assets. Value of participant loans2012-12-31$27,892
Total contributions received or receivable from employer(s)2012-12-31$18,722
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$414
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$3,237
Expenses. Total of all expenses incurred2011-12-31$60,828
Benefits paid (including direct rollovers)2011-12-31$60,221
Total plan assets at end of year2011-12-31$2,618,917
Total plan assets at beginning of year2011-12-31$2,676,508
Total contributions received or receivable from participants2011-12-31$36,951
Other income received2011-12-31$-51,222
Net income (gross income less expenses)2011-12-31$-57,591
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,618,917
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,676,508
Assets. Value of participant loans2011-12-31$32,304
Total contributions received or receivable from employer(s)2011-12-31$17,508
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$607
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$233,930
Expenses. Total of all expenses incurred2010-12-31$61,741
Benefits paid (including direct rollovers)2010-12-31$60,796
Total plan assets at end of year2010-12-31$2,676,508
Total plan assets at beginning of year2010-12-31$2,504,319
Total contributions received or receivable from participants2010-12-31$39,899
Other income received2010-12-31$175,517
Net income (gross income less expenses)2010-12-31$172,189
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,676,508
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,504,319
Assets. Value of participant loans2010-12-31$74,133
Total contributions received or receivable from employer(s)2010-12-31$18,514
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$945
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN

2017: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 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: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 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: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 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 – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: OHIO INSURANCE CENTER AGENCY, INC. PROFIT SHARING AND 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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