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BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 401k Plan overview

Plan NameBUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN
Plan identification number 501

BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN Benefits

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

401k Sponsoring company profile

BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOC HEALTH has sponsored the creation of one or more 401k plans.

Company Name:BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOC HEALTH
Employer identification number (EIN):381224452
NAIC Classification:525100
NAIC Description: Insurance and Employee Benefit Funds

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012022-01-01
5012021-01-01
5012020-01-01
5012019-01-01

Plan Statistics for BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN

401k plan membership statisitcs for BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN

Measure Date Value
2022: BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-012,384
Total number of active participants reported on line 7a of the Form 55002022-01-012,478
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-012,478
2021: BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-013,137
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-010
2020: BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01264
Total number of active participants reported on line 7a of the Form 55002020-01-013,137
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 participants2020-01-013,137
2019: BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-010
Total number of active participants reported on line 7a of the Form 55002019-01-01264
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-01264
Total participants2019-01-01264

Financial Data on BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN

Measure Date Value
2022 : BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2022 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$2,580,756
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$2,311,600
Total income from all sources (including contributions)2022-12-31$30,646,310
Total of all expenses incurred2022-12-31$30,467,232
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$27,966,606
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$30,646,310
Value of total assets at end of year2022-12-31$2,980,980
Value of total assets at beginning of year2022-12-31$2,532,746
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$2,500,626
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31No
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Liabilities. Value of operating payables at end of year2022-12-31$2,580,756
Liabilities. Value of operating payables at beginning of year2022-12-31$2,311,600
Total non interest bearing cash at end of year2022-12-31$401,646
Total non interest bearing cash at beginning of year2022-12-31$139,280
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$179,078
Value of net assets at end of year (total assets less liabilities)2022-12-31$400,224
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$221,146
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$27,966,606
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$30,646,310
Contract administrator fees2022-12-31$2,500,626
Assets. Value of buildings and other operty used in plan operation at end of year2022-12-31$2,579,334
Assets. Value of buildings and other operty used in plan operation at beginning of year2022-12-31$2,393,466
Did the plan have assets held for investment2022-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BENDA, GRACE, STULZ & COMPANY, P.C.
Accountancy firm EIN2022-12-31382284921
2021 : BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$2,311,600
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$1,334,066
Total income from all sources (including contributions)2021-12-31$23,592,791
Total of all expenses incurred2021-12-31$23,386,550
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$21,533,534
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$23,592,791
Value of total assets at end of year2021-12-31$2,532,746
Value of total assets at beginning of year2021-12-31$1,348,971
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$1,853,016
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31No
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Liabilities. Value of operating payables at end of year2021-12-31$2,311,600
Liabilities. Value of operating payables at beginning of year2021-12-31$1,334,066
Total non interest bearing cash at end of year2021-12-31$139,280
Total non interest bearing cash at beginning of year2021-12-31$182,344
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$206,241
Value of net assets at end of year (total assets less liabilities)2021-12-31$221,146
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$14,905
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
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$21,533,534
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$23,592,791
Contract administrator fees2021-12-31$1,853,016
Assets. Value of buildings and other operty used in plan operation at end of year2021-12-31$2,393,466
Assets. Value of buildings and other operty used in plan operation at beginning of year2021-12-31$1,166,627
Did the plan have assets held for investment2021-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party 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 plan2021-12-31Unqualified
Accountancy firm name2021-12-31BENDA, GRACE, STULZ & COMPANY, P.C.
Accountancy firm EIN2021-12-31382284921
2020 : BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2020 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$1,334,066
Total income from all sources (including contributions)2020-12-31$11,390,302
Total of all expenses incurred2020-12-31$11,376,939
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$10,507,764
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$11,390,302
Value of total assets at end of year2020-12-31$1,348,971
Value of total assets at beginning of year2020-12-31$1,542
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$869,175
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31No
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Liabilities. Value of operating payables at end of year2020-12-31$1,334,066
Total non interest bearing cash at end of year2020-12-31$182,344
Total non interest bearing cash at beginning of year2020-12-31$1,542
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$13,363
Value of net assets at end of year (total assets less liabilities)2020-12-31$14,905
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$1,542
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
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$10,507,764
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$11,390,302
Contract administrator fees2020-12-31$869,175
Assets. Value of buildings and other operty used in plan operation at end of year2020-12-31$1,166,627
Did the plan have assets held for investment2020-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
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 plan2020-12-31Unqualified
Accountancy firm name2020-12-31BENDA, GRACE, STULZ & COMPANY, P.C.
Accountancy firm EIN2020-12-31382284921
2019 : BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2019 401k financial data
Total income from all sources2019-12-31$419,479
Expenses. Total of all expenses incurred2019-12-31$417,937
Benefits paid (including direct rollovers)2019-12-31$382,476
Total plan assets at end of year2019-12-31$1,542
Total plan assets at beginning of year2019-12-31$0
Net income (gross income less expenses)2019-12-31$1,542
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,542
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$419,479
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$35,461

Form 5500 Responses for BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN

2022: BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2021: BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2021 form 5500 responses
2021-01-01Type of plan entityMulitple employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2020: BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2020 form 5500 responses
2020-01-01Type of plan entityMulitple employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2019: BUILDERS EXCHANGE OF LANSING AND CENTRAL MICHIGAN ASSOCIATION HEALTH PLAN 2019 form 5500 responses
2019-01-01Type of plan entityMulitple employer plan
2019-01-01First time form 5500 has been submittedYes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

BLUE CROSS BLUE SHIELD OF MICHIGAN (National Association of Insurance Commissioners NAIC id number: 54291 )
Policy contract number289538
Policy instance 1
Insurance contract or identification number289538
Number of Individuals Covered5045
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Health Insurance Welfare BenefitYes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
BLUE CARE NETWORK OF MICHIGAN (National Association of Insurance Commissioners NAIC id number: 95610 )
Policy contract number239538
Policy instance 2
Insurance contract or identification number239538
Number of Individuals Covered782
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Health Insurance Welfare BenefitYes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
BLUE CROSS BLUE SHIELD OF MICHIGAN (National Association of Insurance Commissioners NAIC id number: 54291 )
Policy contract number289538
Policy instance 1
Insurance contract or identification number289538
Number of Individuals Covered4824
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Health Insurance Welfare BenefitYes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Insurance broker organization code?3
BLUE CARE NETWORK OF MICHIGAN (National Association of Insurance Commissioners NAIC id number: 95610 )
Policy contract number239538
Policy instance 2
Insurance contract or identification number239538
Number of Individuals Covered739
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Health Insurance Welfare BenefitYes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Insurance broker organization code?3
BLUE CROSS BLUE SHIELD OF MICHIGAN (National Association of Insurance Commissioners NAIC id number: 54291 )
Policy contract number289538
Policy instance 1
Insurance contract or identification number289538
Number of Individuals Covered2807
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $13,396
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $13,396
Insurance broker organization code?3
BLUE CARE NETWORK OF MICHIGAN (National Association of Insurance Commissioners NAIC id number: 95610 )
Policy contract number239538
Policy instance 2
Insurance contract or identification number239538
Number of Individuals Covered330
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $48
Health Insurance Welfare BenefitYes
Were dividends or retroactive rate refunds paid in cash?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $48
Insurance broker organization code?3
BLUE CROSS BLUE SHIELD OF MICHIGAN (National Association of Insurance Commissioners NAIC id number: 54291 )
Policy contract number289538
Policy instance 1
Insurance contract or identification number289538
Number of Individuals Covered235
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $1,700
Health Insurance Welfare BenefitYes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,700
Insurance broker organization code?3
BLUE CARE NETWORK OF MICHIGAN (National Association of Insurance Commissioners NAIC id number: 95610 )
Policy contract number239538
Policy instance 2
Insurance contract or identification number239538
Number of Individuals Covered29
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $134
Health Insurance Welfare BenefitYes
Were dividends or retroactive rate refunds paid as a credit?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $134
Insurance broker organization code?3

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