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NESTER HOSIERY, LLC VISION PLAN 401k Plan overview

Plan NameNESTER HOSIERY, LLC VISION PLAN
Plan identification number 504

NESTER HOSIERY, LLC VISION PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Vision
  • Unfunded, fully insured, or combination unfunded/insured welfare plan that will not file a Form 5500 for next plan year pursuant to 29 CFR 2520.104-20.
  • Unfunded, fully insured, or combination unfunded/insured welfare plan that stopped filing form 5500s in an earlier plan year pursuant to 29 CFR 2520.104-20.

401k Sponsoring company profile

NESTER HOSIERY, INC. has sponsored the creation of one or more 401k plans.

Company Name:NESTER HOSIERY, INC.
Employer identification number (EIN):561847598
NAIC Classification:313000
NAIC Description: Textile Mills

Additional information about NESTER HOSIERY, INC.

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 0332396

More information about NESTER HOSIERY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NESTER HOSIERY, LLC VISION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5042022-02-01FRANKIE VERNON2023-11-10
5042021-02-01FRANKIE VERNON2022-09-07
5042018-02-01DONNA ANDERSON2019-08-20
5042017-02-01DONNA ANDERSON

Plan Statistics for NESTER HOSIERY, LLC VISION PLAN

401k plan membership statisitcs for NESTER HOSIERY, LLC VISION PLAN

Measure Date Value
2022: NESTER HOSIERY, LLC VISION PLAN 2022 401k membership
Total participants, beginning-of-year2022-02-01157
Total number of active participants reported on line 7a of the Form 55002022-02-01127
Number of retired or separated participants receiving benefits2022-02-010
Number of other retired or separated participants entitled to future benefits2022-02-010
Total of all active and inactive participants2022-02-01127
Number of employers contributing to the scheme2022-02-010
2021: NESTER HOSIERY, LLC VISION PLAN 2021 401k membership
Total participants, beginning-of-year2021-02-01156
Total number of active participants reported on line 7a of the Form 55002021-02-01156
Number of retired or separated participants receiving benefits2021-02-011
Number of other retired or separated participants entitled to future benefits2021-02-010
Total of all active and inactive participants2021-02-01157
Number of employers contributing to the scheme2021-02-010
2018: NESTER HOSIERY, LLC VISION PLAN 2018 401k membership
Total participants, beginning-of-year2018-02-0167
Total number of active participants reported on line 7a of the Form 55002018-02-0190
Number of retired or separated participants receiving benefits2018-02-010
Number of other retired or separated participants entitled to future benefits2018-02-010
Total of all active and inactive participants2018-02-0190
Number of employers contributing to the scheme2018-02-010
2017: NESTER HOSIERY, LLC VISION PLAN 2017 401k membership
Total participants, beginning-of-year2017-02-0167
Total number of active participants reported on line 7a of the Form 55002017-02-0167
Total of all active and inactive participants2017-02-0167

Form 5500 Responses for NESTER HOSIERY, LLC VISION PLAN

2022: NESTER HOSIERY, LLC VISION PLAN 2022 form 5500 responses
2022-02-01Type of plan entitySingle employer plan
2022-02-01Plan funding arrangement – InsuranceYes
2022-02-01Plan benefit arrangement – InsuranceYes
2021: NESTER HOSIERY, LLC VISION PLAN 2021 form 5500 responses
2021-02-01Type of plan entitySingle employer plan
2021-02-01Plan funding arrangement – InsuranceYes
2021-02-01Plan benefit arrangement – InsuranceYes
2018: NESTER HOSIERY, LLC VISION PLAN 2018 form 5500 responses
2018-02-01Type of plan entitySingle employer plan
2018-02-01Plan funding arrangement – InsuranceYes
2018-02-01Plan benefit arrangement – InsuranceYes
2017: NESTER HOSIERY, LLC VISION PLAN 2017 form 5500 responses
2017-02-01Type of plan entitySingle employer plan
2017-02-01First time form 5500 has been submittedYes
2017-02-01Plan funding arrangement – InsuranceYes
2017-02-01Plan funding arrangement – General assets of the sponsorYes
2017-02-01Plan benefit arrangement – InsuranceYes
2017-02-01Plan benefit arrangement – General assets of the sponsorYes

Insurance Providers Used on plan

BLUECROSS BLUESHIELD OF NORTH CAROLINA (National Association of Insurance Commissioners NAIC id number: 54631 )
Policy contract number14160683-1001
Policy instance 1
Insurance contract or identification number14160683-1001
Number of Individuals Covered261
Insurance policy start date2022-02-01
Insurance policy end date2023-01-31
Total amount of commissions paid to insurance brokerUSD $49,700
Total amount of fees paid to insurance companyUSD $0
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $1,456,699
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $49,700
Amount paid for insurance broker fees0
Insurance broker organization code?3
BLUECROSS BLUESHIELD OF NORTH CAROLINA (National Association of Insurance Commissioners NAIC id number: 54631 )
Policy contract number141606831001
Policy instance 1
Insurance contract or identification number141606831001
Number of Individuals Covered260
Insurance policy start date2021-02-01
Insurance policy end date2022-01-31
Total amount of commissions paid to insurance brokerUSD $30,803
Total amount of fees paid to insurance companyUSD $0
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $1,061,993
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $30,803
Amount paid for insurance broker fees0
Insurance broker organization code?3
VISION SERVICE PLAN (National Association of Insurance Commissioners NAIC id number: 39616 )
Policy contract number30074189
Policy instance 1
Insurance contract or identification number30074189
Number of Individuals Covered67
Insurance policy start date2017-02-01
Insurance policy end date2018-01-31
Total amount of commissions paid to insurance brokerUSD $707
Total amount of fees paid to insurance companyUSD $0
Vision Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $9,156
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $393
Insurance broker organization code?3
Insurance broker nameLOCKTON COMPANIES, LLC

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