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NEED INC. EMPLOYEE GROUP HEALTH PLAN 401k Plan overview

Plan NameNEED INC. EMPLOYEE GROUP HEALTH PLAN
Plan identification number 501

NEED INC. EMPLOYEE GROUP HEALTH PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Other welfare benefit cover

401k Sponsoring company profile

NASH-EDGECOMBE ECONOMIC DEVELOPMENT, INC. DBA NASH EDGECOMBE WILSON has sponsored the creation of one or more 401k plans.

Company Name:NASH-EDGECOMBE ECONOMIC DEVELOPMENT, INC. DBA NASH EDGECOMBE WILSON
Employer identification number (EIN):560817561
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEED INC. EMPLOYEE GROUP HEALTH PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012013-01-01BARRY RICHARDSON
5012012-01-01BARRY RICHARDSON
5012011-01-01BARRY RICHARDSON
5012010-01-01BARBARA HUNTER
5012009-01-01BARBARA HUNTER
5012009-01-01BARBARA HUNTER
5012009-01-01BARBARA HUNTER
5012009-01-01BARBARA HUNTER

Plan Statistics for NEED INC. EMPLOYEE GROUP HEALTH PLAN

401k plan membership statisitcs for NEED INC. EMPLOYEE GROUP HEALTH PLAN

Measure Date Value
2013: NEED INC. EMPLOYEE GROUP HEALTH PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-010
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-010
2012: NEED INC. EMPLOYEE GROUP HEALTH PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01120
Total number of active participants reported on line 7a of the Form 55002012-01-01117
Number of retired or separated participants receiving benefits2012-01-010
Total of all active and inactive participants2012-01-01117
2011: NEED INC. EMPLOYEE GROUP HEALTH PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01110
Total number of active participants reported on line 7a of the Form 55002011-01-01120
Number of retired or separated participants receiving benefits2011-01-012
Total of all active and inactive participants2011-01-01122
2010: NEED INC. EMPLOYEE GROUP HEALTH PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01118
Total number of active participants reported on line 7a of the Form 55002010-01-01110
Total of all active and inactive participants2010-01-01110
2009: NEED INC. EMPLOYEE GROUP HEALTH PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01107
Total number of active participants reported on line 7a of the Form 55002009-01-01118
Total of all active and inactive participants2009-01-01118

Financial Data on NEED INC. EMPLOYEE GROUP HEALTH PLAN

Measure Date Value
2013 : NEED INC. EMPLOYEE GROUP HEALTH PLAN 2013 401k financial data
Transfers to/from the plan2013-05-31$-75,919
Total plan liabilities at end of year2013-05-31$0
Total plan liabilities at beginning of year2013-05-31$151,217
Total income from all sources2013-05-31$361,952
Expenses. Total of all expenses incurred2013-05-31$366,563
Benefits paid (including direct rollovers)2013-05-31$357,624
Total plan assets at end of year2013-05-31$0
Total plan assets at beginning of year2013-05-31$231,747
Value of fidelity bond covering the plan2013-05-31$150,000
Other income received2013-05-31$361,952
Net income (gross income less expenses)2013-05-31$-4,611
Net plan assets at end of year (total assets less liabilities)2013-05-31$0
Net plan assets at beginning of year (total assets less liabilities)2013-05-31$80,530
Expenses. Administrative service providers (salaries,fees and commissions)2013-05-31$8,939
2012 : NEED INC. EMPLOYEE GROUP HEALTH PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$151,217
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$597,706
Total income from all sources (including contributions)2012-12-31$1,908,354
Total of all expenses incurred2012-12-31$1,410,456
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,131,806
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,338,376
Value of total assets at end of year2012-12-31$231,747
Value of total assets at beginning of year2012-12-31$180,338
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$278,650
Total interest from all sources2012-12-31$305
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31Yes
Administrative expenses professional fees incurred2012-12-31$13,007
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$150,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$9,065
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$166,530
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$34,175
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$515,142
Other income not declared elsewhere2012-12-31$569,673
Administrative expenses (other) incurred2012-12-31$234,321
Total non interest bearing cash at end of year2012-12-31$65,217
Total non interest bearing cash at beginning of year2012-12-31$146,163
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$497,898
Value of net assets at end of year (total assets less liabilities)2012-12-31$80,530
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$-417,368
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$305
Expenses. Payments to insurance carriers foe the provision of benefits2012-12-31$1,131,806
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$1,329,311
Contract administrator fees2012-12-31$31,322
Liabilities. Value of benefit claims payable at end of year2012-12-31$151,217
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$82,564
Did the plan have assets held for investment2012-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31PETWAY MILLS & PEARSON, PA
Accountancy firm EIN2012-12-31202102404
2011 : NEED INC. EMPLOYEE GROUP HEALTH PLAN 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$597,706
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$186,121
Total income from all sources (including contributions)2011-12-31$1,238,623
Total of all expenses incurred2011-12-31$1,564,388
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,194,695
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,069,367
Value of total assets at end of year2011-12-31$180,338
Value of total assets at beginning of year2011-12-31$94,518
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$369,693
Total interest from all sources2011-12-31$120
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$12,057
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$150,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$4,982
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$298,071
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$34,175
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$35,894
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$515,142
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$131,384
Other income not declared elsewhere2011-12-31$169,136
Administrative expenses (other) incurred2011-12-31$329,711
Total non interest bearing cash at end of year2011-12-31$146,163
Total non interest bearing cash at beginning of year2011-12-31$58,624
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-325,765
Value of net assets at end of year (total assets less liabilities)2011-12-31$-417,368
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$-91,603
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$120
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$896,624
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$1,064,385
Contract administrator fees2011-12-31$27,925
Liabilities. Value of benefit claims payable at end of year2011-12-31$82,564
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$54,737
Did the plan have assets held for investment2011-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Qualified
Accountancy firm name2011-12-31PETWAY MILLS & PEARSON, PA
Accountancy firm EIN2011-12-31202102404
2010 : NEED INC. EMPLOYEE GROUP HEALTH PLAN 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$186,121
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$286,299
Total income from all sources (including contributions)2010-12-31$1,155,513
Total of all expenses incurred2010-12-31$1,091,063
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$814,547
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,048,134
Value of total assets at end of year2010-12-31$94,518
Value of total assets at beginning of year2010-12-31$130,246
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$276,516
Total interest from all sources2010-12-31$108
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$8,375
Was this plan covered by a fidelity bond2010-12-31No
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$35,894
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$123,534
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$131,384
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$180,919
Other income not declared elsewhere2010-12-31$107,271
Administrative expenses (other) incurred2010-12-31$231,482
Liabilities. Value of operating payables at beginning of year2010-12-31$119
Total non interest bearing cash at end of year2010-12-31$58,624
Total non interest bearing cash at beginning of year2010-12-31$6,712
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$64,450
Value of net assets at end of year (total assets less liabilities)2010-12-31$-91,603
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$-156,053
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$108
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$814,547
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$1,048,134
Contract administrator fees2010-12-31$36,659
Liabilities. Value of benefit claims payable at end of year2010-12-31$54,737
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$105,261
Did the plan have assets held for investment2010-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31PETWAY MILLS & PEARSON, PA
Accountancy firm EIN2010-12-31202102404

Form 5500 Responses for NEED INC. EMPLOYEE GROUP HEALTH PLAN

2013: NEED INC. EMPLOYEE GROUP HEALTH PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingYes
2013-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: NEED INC. EMPLOYEE GROUP HEALTH PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NEED INC. EMPLOYEE GROUP HEALTH PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: NEED INC. EMPLOYEE GROUP HEALTH PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: NEED INC. EMPLOYEE GROUP HEALTH PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

INTERNATIONAL INSURANCE AGENCY (National Association of Insurance Commissioners NAIC id number: 86355 )
Policy contract numberXBS10-0051-1
Policy instance 1
Insurance contract or identification numberXBS10-0051-1
Number of Individuals Covered117
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $42,021
Welfare Benefit Premiums Paid to CarrierUSD $198,132
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $24,015
Insurance broker organization code?5
Insurance broker nameGUSS TULLOSS
USABLE LIFE (National Association of Insurance Commissioners NAIC id number: 94358 )
Policy contract number50006133
Policy instance 2
Insurance contract or identification number50006133
Number of Individuals Covered116
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $996
Life Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $6,617
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $661
Insurance broker organization code?3
Insurance broker nameSAEGIS BENEFITS
PERICO LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85561 )
Policy contract numberPX02025
Policy instance 1
Insurance contract or identification numberPX02025
Number of Individuals Covered121
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $40,856
Welfare Benefit Premiums Paid to CarrierUSD $192,654
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
USABLE LIFE (National Association of Insurance Commissioners NAIC id number: 94358 )
Policy contract number50006133
Policy instance 2
Insurance contract or identification number50006133
Number of Individuals Covered122
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $1,166
Life Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $7,635
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PERICO LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85561 )
Policy contract numberPX02025
Policy instance 1
Insurance contract or identification numberPX02025
Number of Individuals Covered110
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $37,900
Welfare Benefit Premiums Paid to CarrierUSD $178,666
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
USABLE LIFE (National Association of Insurance Commissioners NAIC id number: 94358 )
Policy contract number5442
Policy instance 2
Insurance contract or identification number5442
Number of Individuals Covered108
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $1,375
Life Insurance Welfare BenefitYes
Other welfare benefits providedADD
Welfare Benefit Premiums Paid to CarrierUSD $9,714
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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