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BASSETT FURNITURE INDUSTRIES INCORPORATED HOSPITAL INDEMNITY PLAN 401k Plan overview

Plan NameBASSETT FURNITURE INDUSTRIES INCORPORATED HOSPITAL INDEMNITY PLAN
Plan identification number 507

BASSETT FURNITURE INDUSTRIES INCORPORATED HOSPITAL INDEMNITY PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)

401k Sponsoring company profile

BASSETT FURNITURE INDUSTRIES INCORPORATED has sponsored the creation of one or more 401k plans.

Company Name:BASSETT FURNITURE INDUSTRIES INCORPORATED
Employer identification number (EIN):540135270
NAIC Classification:337000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BASSETT FURNITURE INDUSTRIES INCORPORATED HOSPITAL INDEMNITY PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5072022-01-01

Plan Statistics for BASSETT FURNITURE INDUSTRIES INCORPORATED HOSPITAL INDEMNITY PLAN

401k plan membership statisitcs for BASSETT FURNITURE INDUSTRIES INCORPORATED HOSPITAL INDEMNITY PLAN

Measure Date Value
2022: BASSETT FURNITURE INDUSTRIES INCORPORATED HOSPITAL INDEMNITY PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01280
Total number of active participants reported on line 7a of the Form 55002022-01-01291
Total of all active and inactive participants2022-01-01291
Total participants2022-01-01291

Form 5500 Responses for BASSETT FURNITURE INDUSTRIES INCORPORATED HOSPITAL INDEMNITY PLAN

2022: BASSETT FURNITURE INDUSTRIES INCORPORATED HOSPITAL INDEMNITY PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
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 benefit arrangement – InsuranceYes

Insurance Providers Used on plan

PAUL REVERE VARIABLE ANNUITY INS. CO. (National Association of Insurance Commissioners NAIC id number: 67601 )
Policy contract number478852
Policy instance 1
Insurance contract or identification number478852
Number of Individuals Covered292
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $3,707
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedHOSPITAL INDEMNITY
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $58,198
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2,779
Amount paid for insurance broker fees928
Additional information about fees paid to insurance brokerADDITIONAL COMPENSATION
Insurance broker organization code?3

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