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BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD 401k Plan overview

Plan NameBIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD
Plan identification number 503

BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

BIJ MOTORS AL LLC has sponsored the creation of one or more 401k plans.

Company Name:BIJ MOTORS AL LLC
Employer identification number (EIN):463624686
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032022-01-01ALISON SHERROD2023-08-24
5032021-01-01ALISON SHERROD2023-08-24
5032019-05-01ALISON SHERROD2023-08-24

Plan Statistics for BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD

401k plan membership statisitcs for BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD

Measure Date Value
2022: BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD 2022 401k membership
Total participants, beginning-of-year2022-01-01276
Total number of active participants reported on line 7a of the Form 55002022-01-01286
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 participants2022-01-01286
Number of employers contributing to the scheme2022-01-010
2021: BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD 2021 401k membership
Total participants, beginning-of-year2021-01-01258
Total number of active participants reported on line 7a of the Form 55002021-01-01276
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 participants2021-01-01276
Number of employers contributing to the scheme2021-01-010
2019: BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD 2019 401k membership
Total participants, beginning-of-year2019-05-01100
Total number of active participants reported on line 7a of the Form 55002019-05-01282
Number of retired or separated participants receiving benefits2019-05-010
Number of other retired or separated participants entitled to future benefits2019-05-010
Total of all active and inactive participants2019-05-01282
Number of employers contributing to the scheme2019-05-010

Form 5500 Responses for BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD

2022: BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – InsuranceYes
2021: BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes
2019: BIJ MOTORS AL LLC BASIC LIFE, BASIC AD&D, VOLUNTARY LIFE, VOLUNTARY AD&D, VOLUNTARY STD, VOLUNTARY LTD 2019 form 5500 responses
2019-05-01Type of plan entitySingle employer plan
2019-05-01First time form 5500 has been submittedYes
2019-05-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-05-01Plan funding arrangement – InsuranceYes
2019-05-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number10268412
Policy instance 1
Insurance contract or identification number10268412
Number of Individuals Covered286
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $24,271
Total amount of fees paid to insurance companyUSD $523
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $161,808
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $24,271
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerBONUS
MUTUAL OF OMAHA (National Association of Insurance Commissioners NAIC id number: 69868 )
Policy contract numberGLUG0BNBG
Policy instance 1
Insurance contract or identification numberGLUG0BNBG
Number of Individuals Covered276
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $25,712
Total amount of fees paid to insurance companyUSD $8,933
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $171,424
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $25,712
Amount paid for insurance broker fees8933
Additional information about fees paid to insurance brokerOTHER COMPENSATION
Insurance broker organization code?3
PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract number59878
Policy instance 1
Insurance contract or identification number59878
Number of Individuals Covered282
Insurance policy start date2019-05-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $13,162
Total amount of fees paid to insurance companyUSD $0
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $87,750
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $13,162
Amount paid for insurance broker fees0
Insurance broker organization code?3

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