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NATIONAL RECOVERIES 401(K) PLAN 401k Plan overview

Plan NameNATIONAL RECOVERIES 401(K) PLAN
Plan identification number 001

NATIONAL RECOVERIES 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Stock bonus
  • 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

NATIONAL RECOVERIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:NATIONAL RECOVERIES, INC.
Employer identification number (EIN):411699710
NAIC Classification:561440
NAIC Description:Collection Agencies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATIONAL RECOVERIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOEL KING2022-11-03 JOEL KING2022-11-03
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01

Plan Statistics for NATIONAL RECOVERIES 401(K) PLAN

401k plan membership statisitcs for NATIONAL RECOVERIES 401(K) PLAN

Measure Date Value
2022: NATIONAL RECOVERIES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01296
Total number of active participants reported on line 7a of the Form 55002022-01-010
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 participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: NATIONAL RECOVERIES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01363
Total number of active participants reported on line 7a of the Form 55002021-01-0119
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01277
Total of all active and inactive participants2021-01-01296
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01296
Number of participants with account balances2021-01-01296
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0111
2020: NATIONAL RECOVERIES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01420
Total number of active participants reported on line 7a of the Form 55002020-01-01180
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01144
Total of all active and inactive participants2020-01-01324
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01324
Number of participants with account balances2020-01-01299
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0119
2019: NATIONAL RECOVERIES 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01355
Total number of active participants reported on line 7a of the Form 55002019-01-01283
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0117
Total of all active and inactive participants2019-01-01300
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01300
Number of participants with account balances2019-01-01258
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0123
2018: NATIONAL RECOVERIES 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01288
Total number of active participants reported on line 7a of the Form 55002018-01-01272
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0121
Total of all active and inactive participants2018-01-01293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01293
Number of participants with account balances2018-01-01245
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0114

Financial Data on NATIONAL RECOVERIES 401(K) PLAN

Measure Date Value
2022 : NATIONAL RECOVERIES 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-03-31$-262,424
Total of all expenses incurred2022-03-31$4,504,085
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-03-31$4,484,439
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-03-31$1,229
Value of total assets at end of year2022-03-31$0
Value of total assets at beginning of year2022-03-31$4,766,509
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-03-31$19,646
Total interest from all sources2022-03-31$1,225
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-03-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-03-31$0
Administrative expenses professional fees incurred2022-03-31$12,125
Was this plan covered by a fidelity bond2022-03-31Yes
Value of fidelity bond cover2022-03-31$500,000
If this is an individual account plan, was there a blackout period2022-03-31No
Were there any nonexempt tranactions with any party-in-interest2022-03-31No
Participant contributions at end of year2022-03-31$0
Participant contributions at beginning of year2022-03-31$144,534
Income. Received or receivable in cash from other sources (including rollovers)2022-03-31$1,229
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-03-31No
Value of net income/loss2022-03-31$-4,766,509
Value of net assets at end of year (total assets less liabilities)2022-03-31$0
Value of net assets at beginning of year (total assets less liabilities)2022-03-31$4,766,509
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-03-31No
Were any leases to which the plan was party in default or uncollectible2022-03-31No
Investment advisory and management fees2022-03-31$2,788
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-03-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-03-31$4,621,975
Income. Interest from loans (other than to participants)2022-03-31$1,225
Net investment gain/loss from pooled separate accounts2022-03-31$-264,878
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-03-31No
Was there a failure to transmit to the plan any participant contributions2022-03-31No
Has the plan failed to provide any benefit when due under the plan2022-03-31No
Employer contributions (assets) at end of year2022-03-31$0
Employer contributions (assets) at beginning of year2022-03-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-03-31$4,484,439
Contract administrator fees2022-03-31$4,733
Did the plan have assets held for investment2022-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-03-31Yes
Opinion of an independent qualified public accountant for this plan2022-03-31Disclaimer
Accountancy firm name2022-03-31THORESEN DIABY HELLE CONDON & DODGE
Accountancy firm EIN2022-03-31411687782
2021 : NATIONAL RECOVERIES 401(K) 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$10,768
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$1,526,622
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,809,362
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,728,247
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$706,773
Value of total assets at end of year2021-12-31$4,777,277
Value of total assets at beginning of year2021-12-31$5,049,249
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$81,115
Total interest from all sources2021-12-31$13,783
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$21,225
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
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$439,435
Participant contributions at end of year2021-12-31$144,534
Participant contributions at beginning of year2021-12-31$240,389
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$9,828
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$10,768
Other income not declared elsewhere2021-12-31$577
Administrative expenses (other) incurred2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-282,740
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,766,509
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$5,049,249
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$25,581
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$4,621,975
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$4,808,666
Income. Interest from loans (other than to participants)2021-12-31$13,783
Net investment gain/loss from pooled separate accounts2021-12-31$805,489
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$257,510
Employer contributions (assets) at end of year2021-12-31$10,768
Employer contributions (assets) at beginning of year2021-12-31$194
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,728,247
Contract administrator fees2021-12-31$34,309
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 plan2021-12-31Disclaimer
Accountancy firm name2021-12-31THORESEN DIABY HELLE CONDON & DODGE
Accountancy firm EIN2021-12-31411687782
2020 : NATIONAL RECOVERIES 401(K) PLAN 2020 401k financial data
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$2,032,391
Total of all expenses incurred2020-12-31$595,626
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$533,363
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,327,667
Value of total assets at end of year2020-12-31$5,049,249
Value of total assets at beginning of year2020-12-31$3,612,484
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$62,263
Total interest from all sources2020-12-31$12,634
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$16,301
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$400,000
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$720,046
Participant contributions at end of year2020-12-31$240,389
Participant contributions at beginning of year2020-12-31$193,002
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$156,141
Total non interest bearing cash at beginning of year2020-12-31$1,353
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$1,436,765
Value of net assets at end of year (total assets less liabilities)2020-12-31$5,049,249
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,612,484
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$19,360
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$4,808,666
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,417,529
Interest on participant loans2020-12-31$12,634
Net investment gain/loss from pooled separate accounts2020-12-31$692,090
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$451,480
Employer contributions (assets) at end of year2020-12-31$194
Employer contributions (assets) at beginning of year2020-12-31$600
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$533,363
Contract administrator fees2020-12-31$26,602
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 plan2020-12-31Disclaimer
Accountancy firm name2020-12-31THORESEN DIABY HELLE CONDON & DODGE
Accountancy firm EIN2020-12-31411687782
2019 : NATIONAL RECOVERIES 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
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$1,558
Total income from all sources (including contributions)2019-12-31$1,919,092
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$319,042
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$266,586
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,312,729
Value of total assets at end of year2019-12-31$3,612,484
Value of total assets at beginning of year2019-12-31$2,013,992
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$52,456
Total interest from all sources2019-12-31$8,431
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$18,699
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$250,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$773,337
Participant contributions at end of year2019-12-31$193,002
Participant contributions at beginning of year2019-12-31$58,807
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$29,762
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$1,558
Other income not declared elsewhere2019-12-31$2,158
Administrative expenses (other) incurred2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$1,353
Total non interest bearing cash at beginning of year2019-12-31$5,634
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$1,600,050
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,612,484
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,012,434
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$13,957
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,417,529
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,941,396
Value of interest in pooled separate accounts at beginning of year2019-12-31$0
Interest on participant loans2019-12-31$8,431
Value of interest in master investment trust accounts at beginning of year2019-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$0
Net investment gain/loss from pooled separate accounts2019-12-31$595,774
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$509,630
Employer contributions (assets) at end of year2019-12-31$600
Employer contributions (assets) at beginning of year2019-12-31$8,155
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$266,586
Contract administrator fees2019-12-31$19,800
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 name2019-12-31THORESEN DIABY HELLE CONDON & DODGE
Accountancy firm EIN2019-12-31411687782
2018 : NATIONAL RECOVERIES 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$1,267,386
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$1,558
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$963,270
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$226,377
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$193,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,160,488
Value of total assets at end of year2018-12-31$2,005,837
Value of total assets at beginning of year2018-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$33,377
Total interest from all sources2018-12-31$2,525
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$12,991
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$250,000
If this is an individual account plan, was there a blackout period2018-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$649,556
Participant contributions at end of year2018-12-31$58,807
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$62,051
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$1,558
Other income not declared elsewhere2018-12-31$816
Administrative expenses (other) incurred2018-12-31$0
Total non interest bearing cash at end of year2018-12-31$5,634
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$736,893
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,004,279
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$0
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
Investment advisory and management fees2018-12-31$8,313
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$1,941,396
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$0
Value of interest in pooled separate accounts at end of year2018-12-31$0
Value of interest in pooled separate accounts at beginning of year2018-12-31$0
Interest on participant loans2018-12-31$2,525
Value of interest in master investment trust accounts at end of year2018-12-31$0
Value of interest in master investment trust accounts at beginning of year2018-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$0
Net investment gain/loss from pooled separate accounts2018-12-31$-200,559
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 contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$448,881
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$193,000
Contract administrator fees2018-12-31$12,073
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
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 name2018-12-31THORESEN DIABY HELLE CONDON & DODGE
Accountancy firm EIN2018-12-31411687782

Form 5500 Responses for NATIONAL RECOVERIES 401(K) PLAN

2022: NATIONAL RECOVERIES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NATIONAL RECOVERIES 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NATIONAL RECOVERIES 401(K) 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 – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NATIONAL RECOVERIES 401(K) 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 – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: NATIONAL RECOVERIES 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01First time form 5500 has been submittedYes
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan 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 number131919
Policy instance 1
Insurance contract or identification number131919
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $2,698
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Amount paid for insurance broker fees2698
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 number131919
Policy instance 1
Insurance contract or identification number131919
Number of Individuals Covered312
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,978
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Amount paid for insurance broker fees1978
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 number131919
Policy instance 1
Insurance contract or identification number131919
Number of Individuals Covered279
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $2,367
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees2367
Additional information about fees paid to insurance brokerTPA COMPENSATION AND ALLOWANCES
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number131919
Policy instance 1
Insurance contract or identification number131919
Number of Individuals Covered275
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $13,411
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees13411
Additional information about fees paid to insurance brokerTPA COMPENSATION AND ALLOWANCES
Insurance broker organization code?5

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