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SWEET CLAIMS 401(K) PLAN 401k Plan overview

Plan NameSWEET CLAIMS 401(K) PLAN
Plan identification number 001

SWEET CLAIMS 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.
  • 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

SWEET CLAIMS COMPANY INC. has sponsored the creation of one or more 401k plans.

Company Name:SWEET CLAIMS COMPANY INC.
Employer identification number (EIN):463896654
NAIC Classification:524290

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SWEET CLAIMS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01DEBORAH DIEHL2023-09-08 DEBORAH DIEHL2023-09-08
0012021-01-01DEBORAH DIEHL2022-05-13 DEBORAH DIEHL2022-05-13
0012020-01-01DEBORAH DIEHL2021-06-01 DEBORAH DIEHL2021-06-01
0012019-01-01DEBORAH DIEHL2020-08-18
0012018-01-01DEBORAH DIEHL2019-07-10
0012017-01-01DEBORAH DIEHL2018-07-11
0012016-01-01DEBORAH DIEHL2017-06-13

Plan Statistics for SWEET CLAIMS 401(K) PLAN

401k plan membership statisitcs for SWEET CLAIMS 401(K) PLAN

Measure Date Value
2022: SWEET CLAIMS 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0128
Total number of active participants reported on line 7a of the Form 55002022-01-0118
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-017
Total of all active and inactive participants2022-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0125
Number of participants with account balances2022-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SWEET CLAIMS 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0125
Total number of active participants reported on line 7a of the Form 55002021-01-0116
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-019
Total of all active and inactive participants2021-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0125
Number of participants with account balances2021-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SWEET CLAIMS 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0126
Total number of active participants reported on line 7a of the Form 55002020-01-0119
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-017
Total of all active and inactive participants2020-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0126
Number of participants with account balances2020-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on SWEET CLAIMS 401(K) PLAN

Measure Date Value
2022 : SWEET CLAIMS 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-37,107
Expenses. Total of all expenses incurred2022-12-31$25,381
Benefits paid (including direct rollovers)2022-12-31$9,162
Total plan assets at end of year2022-12-31$1,138,124
Total plan assets at beginning of year2022-12-31$1,200,612
Value of fidelity bond covering the plan2022-12-31$200,000
Total contributions received or receivable from participants2022-12-31$83,707
Expenses. Other expenses not covered elsewhere2022-12-31$11,337
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-160,225
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-62,488
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,138,124
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,200,612
Assets. Value of participant loans2022-12-31$3,536
Total contributions received or receivable from employer(s)2022-12-31$39,411
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$4,882
2021 : SWEET CLAIMS 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$229,639
Expenses. Total of all expenses incurred2021-12-31$46,955
Benefits paid (including direct rollovers)2021-12-31$30,566
Total plan assets at end of year2021-12-31$1,200,612
Total plan assets at beginning of year2021-12-31$1,017,928
Value of fidelity bond covering the plan2021-12-31$200,000
Total contributions received or receivable from participants2021-12-31$66,838
Expenses. Other expenses not covered elsewhere2021-12-31$16,389
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$125,030
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$182,684
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,200,612
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,017,928
Assets. Value of participant loans2021-12-31$8,949
Total contributions received or receivable from employer(s)2021-12-31$37,771
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : SWEET CLAIMS 401(K) PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$146,162
Expenses. Total of all expenses incurred2020-12-31$0
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$1,017,928
Total plan assets at beginning of year2020-12-31$871,766
Value of fidelity bond covering the plan2020-12-31$200,000
Total contributions received or receivable from participants2020-12-31$61,820
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$7,637
Other income received2020-12-31$76,705
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$146,162
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,017,928
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$871,766
Assets. Value of participant loans2020-12-31$14,141
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0

Form 5500 Responses for SWEET CLAIMS 401(K) PLAN

2022: SWEET CLAIMS 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 filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
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: SWEET CLAIMS 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: SWEET CLAIMS 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

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number145269
Policy instance 1
Insurance contract or identification number145269
Number of Individuals Covered18
Insurance policy start date2022-06-24
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $548
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $548
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number145269
Policy instance 1
Insurance contract or identification number145269
Number of Individuals Covered18
Insurance policy start date2021-06-24
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number145269
Policy instance 1
Insurance contract or identification number145269
Number of Individuals Covered17
Insurance policy start date2020-06-24
Insurance policy end date2020-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2,173
Insurance broker organization code?5

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