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EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN 401k Plan overview

Plan NameEBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN
Plan identification number 001

EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING 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.
  • 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.

401k Sponsoring company profile

EBIX HEALTH ADMINISTRATION EXCHANGE, INC. has sponsored the creation of one or more 401k plans.

Company Name:EBIX HEALTH ADMINISTRATION EXCHANGE, INC.
Employer identification number (EIN):351640589
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Additional information about EBIX HEALTH ADMINISTRATION EXCHANGE, INC.

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date: 2012-10-25
Company Identification Number: 1767123
Legal Registered Office Address: 20430 NORTH 19TH AVENUE
STE 120
PHOENIX
United States of America (USA)
85029

More information about EBIX HEALTH ADMINISTRATION EXCHANGE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JANITA TOMS2023-07-20
0012021-01-01DARREN JOSEPH2023-02-15
0012020-01-01
0012019-01-01
0012019-01-01
0012018-01-01TRACY FERRELL2019-05-09

Plan Statistics for EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN

401k plan membership statisitcs for EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN

Measure Date Value
2020: EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01105
Total number of active participants reported on line 7a of the Form 55002020-01-0134
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0146
Total of all active and inactive participants2020-01-0180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0180
Number of participants with account balances2020-01-0175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01129
Total number of active participants reported on line 7a of the Form 55002019-01-0159
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0146
Total of all active and inactive participants2019-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01105
Number of participants with account balances2019-01-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN

Measure Date Value
2021 : EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$955,136
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$978,653
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$959,472
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$162,870
Value of total assets at end of year2021-12-31$7,033,372
Value of total assets at beginning of year2021-12-31$7,056,889
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$19,181
Total interest from all sources2021-12-31$3,694
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$98,631
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$98,631
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$138,000
Participant contributions at end of year2021-12-31$66,638
Participant contributions at beginning of year2021-12-31$85,251
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-23,517
Value of net assets at end of year (total assets less liabilities)2021-12-31$7,033,372
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$7,056,889
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$10,392
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$6,966,734
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$6,971,638
Interest on participant loans2021-12-31$3,694
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$689,941
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$24,870
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$959,472
Contract administrator fees2021-12-31$8,789
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Qualified
Accountancy firm name2021-12-31MY EXPERT INC
Accountancy firm EIN2021-12-31850637361
2020 : EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$1,187,977
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$662,229
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$644,776
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$181,058
Value of total assets at end of year2020-12-31$7,056,889
Value of total assets at beginning of year2020-12-31$6,531,141
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$17,453
Total interest from all sources2020-12-31$6,065
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$94,955
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$94,955
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$151,707
Participant contributions at end of year2020-12-31$85,251
Participant contributions at beginning of year2020-12-31$123,555
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$525,748
Value of net assets at end of year (total assets less liabilities)2020-12-31$7,056,889
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$6,531,141
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$9,360
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$6,971,638
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$6,407,586
Interest on participant loans2020-12-31$5,298
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$767
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$905,899
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$29,351
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$644,776
Contract administrator fees2020-12-31$8,093
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Qualified
Accountancy firm name2020-12-31MY EXPERT INC
Accountancy firm EIN2020-12-31850637361
2019 : EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$7,224
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$1,454,337
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$593,388
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$571,215
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$214,277
Value of total assets at end of year2019-12-31$6,531,141
Value of total assets at beginning of year2019-12-31$5,662,968
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$22,173
Total interest from all sources2019-12-31$5,341
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$132,608
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$132,608
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$177,895
Participant contributions at end of year2019-12-31$123,555
Participant contributions at beginning of year2019-12-31$128,986
Assets. Loans (other than to participants) at end of year2019-12-31$123,555
Assets. Loans (other than to participants) at beginning of year2019-12-31$128,986
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$2,631
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$860,949
Value of net assets at end of year (total assets less liabilities)2019-12-31$6,531,141
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$5,662,968
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$7,985
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$6,407,586
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$0
Value of interest in pooled separate accounts at end of year2019-12-31$0
Value of interest in pooled separate accounts at beginning of year2019-12-31$5,531,351
Interest on participant loans2019-12-31$5,341
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$483,058
Net investment gain/loss from pooled separate accounts2019-12-31$619,053
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$36,382
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$571,215
Contract administrator fees2019-12-31$14,188
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31RSM US LLP
Accountancy firm EIN2019-12-31420714325

Form 5500 Responses for EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN

2020: EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: EBIX HEALTH ADMINISTRATION EXCHANGE, INC. CASH OPTION PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number132142
Policy instance 1
Insurance contract or identification number132142
Number of Individuals Covered0
Insurance policy start date2019-01-01
Insurance policy end date2019-06-03
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $2,450
Are there contracts with allocated funds for individual policies?0
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?Yes
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Other information about contractGROUP ANNUITY
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees2450
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker organization code?5

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