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AFL IG, LLC 401(K) PLAN 401k Plan overview

Plan NameAFL IG, LLC 401(K) PLAN
Plan identification number 001

AFL IG, LLC 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.
  • 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

AFL IG, LLC has sponsored the creation of one or more 401k plans.

Company Name:AFL IG, LLC
Employer identification number (EIN):364821469
NAIC Classification:334410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AFL IG, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012018-01-01
0012017-01-01ANGELA STROUPE

Plan Statistics for AFL IG, LLC 401(K) PLAN

401k plan membership statisitcs for AFL IG, LLC 401(K) PLAN

Measure Date Value
2020: AFL IG, LLC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01127
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2018: AFL IG, LLC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01138
Total number of active participants reported on line 7a of the Form 55002018-01-0199
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0122
Total of all active and inactive participants2018-01-01121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01121
Number of participants with account balances2018-01-01101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0111
2017: AFL IG, LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01122
Total number of active participants reported on line 7a of the Form 55002017-01-01127
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0111
Total of all active and inactive participants2017-01-01138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01138
Number of participants with account balances2017-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-016

Financial Data on AFL IG, LLC 401(K) PLAN

Measure Date Value
2020 : AFL IG, LLC 401(K) PLAN 2020 401k financial data
Total transfer of assets from this plan2020-01-31$6,530,715
Total transfer of assets from this plan2020-01-31$6,530,715
Total income from all sources (including contributions)2020-01-31$-36,008
Total income from all sources (including contributions)2020-01-31$-36,008
Total of all expenses incurred2020-01-31$27
Total of all expenses incurred2020-01-31$27
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-01-31$27
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-01-31$27
Value of total assets at end of year2020-01-31$0
Value of total assets at end of year2020-01-31$0
Value of total assets at beginning of year2020-01-31$6,566,750
Value of total assets at beginning of year2020-01-31$6,566,750
Total interest from all sources2020-01-31$184
Total interest from all sources2020-01-31$184
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-01-31Yes
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-01-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-01-31$0
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-01-31$0
Was this plan covered by a fidelity bond2020-01-31Yes
Was this plan covered by a fidelity bond2020-01-31Yes
Value of fidelity bond cover2020-01-31$500,000
Value of fidelity bond cover2020-01-31$500,000
If this is an individual account plan, was there a blackout period2020-01-31No
If this is an individual account plan, was there a blackout period2020-01-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-01-31$0
Were there any nonexempt tranactions with any party-in-interest2020-01-31No
Were there any nonexempt tranactions with any party-in-interest2020-01-31No
Participant contributions at end of year2020-01-31$0
Participant contributions at end of year2020-01-31$0
Participant contributions at beginning of year2020-01-31$15,844
Participant contributions at beginning of year2020-01-31$15,844
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-01-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-01-31No
Value of net income/loss2020-01-31$-36,035
Value of net income/loss2020-01-31$-36,035
Value of net assets at end of year (total assets less liabilities)2020-01-31$0
Value of net assets at end of year (total assets less liabilities)2020-01-31$0
Value of net assets at beginning of year (total assets less liabilities)2020-01-31$6,566,750
Value of net assets at beginning of year (total assets less liabilities)2020-01-31$6,566,750
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-01-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-01-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-01-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-01-31No
Were any leases to which the plan was party in default or uncollectible2020-01-31No
Were any leases to which the plan was party in default or uncollectible2020-01-31No
Value of interest in pooled separate accounts at end of year2020-01-31$0
Value of interest in pooled separate accounts at end of year2020-01-31$0
Value of interest in pooled separate accounts at beginning of year2020-01-31$6,546,945
Value of interest in pooled separate accounts at beginning of year2020-01-31$6,546,945
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-01-31$184
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-01-31$184
Net investment gain/loss from pooled separate accounts2020-01-31$-36,192
Net investment gain/loss from pooled separate accounts2020-01-31$-36,192
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-01-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-01-31No
Was there a failure to transmit to the plan any participant contributions2020-01-31Yes
Was there a failure to transmit to the plan any participant contributions2020-01-31Yes
Has the plan failed to provide any benefit when due under the plan2020-01-31No
Has the plan failed to provide any benefit when due under the plan2020-01-31No
Employer contributions (assets) at end of year2020-01-31$0
Employer contributions (assets) at end of year2020-01-31$0
Employer contributions (assets) at beginning of year2020-01-31$3,961
Employer contributions (assets) at beginning of year2020-01-31$3,961
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-01-31$27
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-01-31$27
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-01-31Yes
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-01-31Yes
Did the plan have assets held for investment2020-01-31No
Did the plan have assets held for investment2020-01-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-01-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-01-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-01-31Yes
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-01-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-01-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-01-31No
Opinion of an independent qualified public accountant for this plan2020-01-31Unqualified
Opinion of an independent qualified public accountant for this plan2020-01-31Unqualified
Accountancy firm name2020-01-31SABEY CPA, PLLC
Accountancy firm name2020-01-31SABEY CPA, PLLC
Accountancy firm EIN2020-01-31832111556
Accountancy firm EIN2020-01-31832111556
2018 : AFL IG, LLC 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$281,662
Total of all expenses incurred2018-12-31$1,278,007
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,278,007
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$671,930
Value of total assets at end of year2018-12-31$4,976,063
Value of total assets at beginning of year2018-12-31$5,972,408
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$530,631
Participant contributions at end of year2018-12-31$604
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$8,641
Total non interest bearing cash at end of year2018-12-31$2,887
Total non interest bearing cash at beginning of year2018-12-31$7,025
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-996,345
Value of net assets at end of year (total assets less liabilities)2018-12-31$4,976,063
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$5,972,408
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$4,972,421
Value of interest in pooled separate accounts at beginning of year2018-12-31$5,965,383
Net investment gain/loss from pooled separate accounts2018-12-31$-390,268
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$132,658
Employer contributions (assets) at end of year2018-12-31$151
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,278,007
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31IJM RYAN PLLC
Accountancy firm EIN2018-12-31475545843
2017 : AFL IG, LLC 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$1,644,493
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$985,436
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$984,536
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$787,229
Value of total assets at end of year2017-12-31$5,976,972
Value of total assets at beginning of year2017-12-31$5,317,915
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$900
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$421,578
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$260,239
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$4,564
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$913
Total non interest bearing cash at end of year2017-12-31$7,025
Total non interest bearing cash at beginning of year2017-12-31$2,377
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$659,057
Value of net assets at end of year (total assets less liabilities)2017-12-31$5,976,972
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$5,317,915
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$225
Value of interest in pooled separate accounts at end of year2017-12-31$5,965,383
Value of interest in pooled separate accounts at beginning of year2017-12-31$5,314,625
Net investment gain/loss from pooled separate accounts2017-12-31$857,264
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$105,412
Employer contributions (assets) at end of year2017-12-31$0
Employer contributions (assets) at beginning of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$984,536
Contract administrator fees2017-12-31$675
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31IJM RYAN PLLC
Accountancy firm EIN2017-12-31475545843

Form 5500 Responses for AFL IG, LLC 401(K) PLAN

2020: AFL IG, LLC 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2018: AFL IG, LLC 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: AFL IG, LLC 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
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan 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 number112147
Policy instance 1
Insurance contract or identification number112147
Number of Individuals Covered0
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $273
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees273
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number112147
Policy instance 1
Insurance contract or identification number112147
Number of Individuals Covered103
Total amount of commissions paid to insurance brokerUSD $8,669
Total amount of fees paid to insurance companyUSD $997
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5,779
Insurance broker organization code?3
Amount paid for insurance broker fees997
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number112147
Policy instance 1
Insurance contract or identification number112147
Number of Individuals Covered104
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $8,048
Total amount of fees paid to insurance companyUSD $675
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?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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5,356
Insurance broker organization code?3
Amount paid for insurance broker fees675
Additional information about fees paid to insurance brokerDISTRIBUTIONS
Insurance broker nameHUNNEX & SHOEMAKER, INC.

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