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Plan Name | CFM BENEFITS LLC EMPLOYEE HEALTH BENEFIT PLAN |
Plan identification number | 501 |
401k Plan Type | Welfare Benefit |
Plan Features/Benefits |
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Company Name: | CFM BENEFITS, LLC |
Employer identification number (EIN): | 474222697 |
NAIC Classification: | 211120 |
NAIC Description: | Crude Petroleum Extraction |
Additional information about CFM BENEFITS, LLC
Jurisdiction of Incorporation: | Texas Secretary of State |
Incorporation Date: | 2015-06-10 |
Company Identification Number: | 0802231824 |
Legal Registered Office Address: |
2615 E END BLVD S MARSHALL United States of America (USA) 75672 |
More information about CFM BENEFITS, LLC
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
501 | 2016-01-01 | JEREMY SPEARS |
Measure | Date | Value |
---|---|---|
2016: CFM BENEFITS LLC EMPLOYEE HEALTH BENEFIT PLAN 2016 401k membership | ||
Total participants, beginning-of-year | 2016-01-01 | 304 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-01-01 | 175 |
Total of all active and inactive participants | 2016-01-01 | 175 |
Total participants | 2016-01-01 | 175 |
Measure | Date | Value |
---|---|---|
2016 : CFM BENEFITS LLC EMPLOYEE HEALTH BENEFIT PLAN 2016 401k financial data | ||
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $94,099 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $147,143 |
Total income from all sources (including contributions) | 2016-12-31 | $2,132,053 |
Total of all expenses incurred | 2016-12-31 | $2,384,272 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $2,201,690 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $2,132,053 |
Value of total assets at end of year | 2016-12-31 | $542,696 |
Value of total assets at beginning of year | 2016-12-31 | $847,959 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $182,582 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $300,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $702,376 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $65,812 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $370,000 |
Liabilities. Value of operating payables at end of year | 2016-12-31 | $39,436 |
Liabilities. Value of operating payables at beginning of year | 2016-12-31 | $54,411 |
Total non interest bearing cash at end of year | 2016-12-31 | $476,884 |
Total non interest bearing cash at beginning of year | 2016-12-31 | $477,959 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $-252,219 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $448,597 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $700,816 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Value of interest in common/collective trusts at end of year | 2016-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2016-12-31 | $457,514 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Contributions received in cash from employer | 2016-12-31 | $1,429,677 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $1,744,176 |
Contract administrator fees | 2016-12-31 | $182,582 |
Liabilities. Value of benefit claims payable at end of year | 2016-12-31 | $54,663 |
Liabilities. Value of benefit claims payable at beginning of year | 2016-12-31 | $92,732 |
Did the plan have assets held for investment | 2016-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
Accountancy firm name | 2016-12-31 | GOLLOB MORGAN PEDDY PC |
Accountancy firm EIN | 2016-12-31 | 752147296 |
2016: CFM BENEFITS LLC EMPLOYEE HEALTH BENEFIT PLAN 2016 form 5500 responses | ||
---|---|---|
2016-01-01 | Type of plan entity | Single employer plan |
2016-01-01 | Plan funding arrangement – Trust | Yes |
2016-01-01 | Plan benefit arrangement – Insurance | Yes |
2016-01-01 | Plan benefit arrangement - Trust | Yes |