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POWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN 401k Plan overview

Plan NamePOWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN
Plan identification number 503

POWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Vision

401k Sponsoring company profile

POWER TEAM, LLC has sponsored the creation of one or more 401k plans.

Company Name:POWER TEAM, LLC
Employer identification number (EIN):411761176
NAIC Classification:541511
NAIC Description:Custom Computer Programming Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032019-01-01MORGAN LONG2020-07-06
5032018-01-01

Plan Statistics for POWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN

401k plan membership statisitcs for POWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN

Measure Date Value
2019: POWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01188
Total number of active participants reported on line 7a of the Form 55002019-01-01163
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 participants2019-01-01163
Number of employers contributing to the scheme2019-01-010
2018: POWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01100
Total number of active participants reported on line 7a of the Form 55002018-01-01188
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-01188
Number of employers contributing to the scheme2018-01-010

Form 5500 Responses for POWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN

2019: POWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan benefit arrangement – InsuranceYes
2018: POWERTEAM, INC. DBA POWEROBJECTS ANCILLARY BENEFIT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01First time form 5500 has been submittedYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

EYEMED VISION CARE (National Association of Insurance Commissioners NAIC id number: 71870 )
Policy contract number101499001001
Policy instance 1
Insurance contract or identification number101499001001
Number of Individuals Covered382
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $4,980
Total amount of fees paid to insurance companyUSD $0
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $32,645
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,980
Amount paid for insurance broker fees0
Insurance broker organization code?3
EYEMED VISION CARE (National Association of Insurance Commissioners NAIC id number: 71870 )
Policy contract number101499001001
Policy instance 1
Insurance contract or identification number101499001001
Number of Individuals Covered442
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $2,305
Total amount of fees paid to insurance companyUSD $0
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $19,936
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2,305
Amount paid for insurance broker fees0
Insurance broker organization code?3

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