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ACCELERATED CLAIMS, INC. 401(K) PLAN 401k Plan overview

Plan NameACCELERATED CLAIMS, INC. 401(K) PLAN
Plan identification number 001

ACCELERATED CLAIMS, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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

ACCELERATED CLAIMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:ACCELERATED CLAIMS, INC.
Employer identification number (EIN):562566723
NAIC Classification:524290

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ACCELERATED CLAIMS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01JANE SIDLER2022-10-16
0012020-01-01JANE SIDLER2021-10-12
0012020-01-01JANE SIDLER2021-10-12
0012019-01-01
0012019-01-01
0012019-01-01
0012019-01-01
0012019-01-01

Plan Statistics for ACCELERATED CLAIMS, INC. 401(K) PLAN

401k plan membership statisitcs for ACCELERATED CLAIMS, INC. 401(K) PLAN

Measure Date Value
2021: ACCELERATED CLAIMS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01163
Total number of active participants reported on line 7a of the Form 55002021-01-01125
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-01125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01125
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: ACCELERATED CLAIMS, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01179
Total number of active participants reported on line 7a of the Form 55002020-01-01152
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0114
Total of all active and inactive participants2020-01-01166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01166
Number of participants with account balances2020-01-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: ACCELERATED CLAIMS, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01193
Total number of active participants reported on line 7a of the Form 55002019-01-01160
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-019
Total of all active and inactive participants2019-01-01169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01169
Number of participants with account balances2019-01-0175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on ACCELERATED CLAIMS, INC. 401(K) PLAN

Measure Date Value
2021 : ACCELERATED CLAIMS, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-10-26$0
Total transfer of assets from this plan2021-10-26$900,924
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-10-26$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-10-26$0
Total income from all sources (including contributions)2021-10-26$220,546
Total loss/gain on sale of assets2021-10-26$0
Total of all expenses incurred2021-10-26$124,588
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-10-26$104,279
Value of total corrective distributions2021-10-26$5,519
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-10-26$116,600
Value of total assets at end of year2021-10-26$0
Value of total assets at beginning of year2021-10-26$804,966
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-10-26$14,790
Total interest from all sources2021-10-26$1,105
Total dividends received (eg from common stock, registered investment company shares)2021-10-26$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-10-26No
Was this plan covered by a fidelity bond2021-10-26Yes
Value of fidelity bond cover2021-10-26$100,000
If this is an individual account plan, was there a blackout period2021-10-26No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-10-26$0
Were there any nonexempt tranactions with any party-in-interest2021-10-26No
Contributions received from participants2021-10-26$92,509
Participant contributions at end of year2021-10-26$0
Participant contributions at beginning of year2021-10-26$27,634
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-10-26No
Value of net income/loss2021-10-26$95,958
Value of net assets at end of year (total assets less liabilities)2021-10-26$0
Value of net assets at beginning of year (total assets less liabilities)2021-10-26$804,966
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-10-26No
Were any loans by the plan or fixed income obligations due to the plan in default2021-10-26No
Were any leases to which the plan was party in default or uncollectible2021-10-26No
Investment advisory and management fees2021-10-26$14,790
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-10-26$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-10-26$777,332
Interest on participant loans2021-10-26$1,105
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-10-26$102,841
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-10-26No
Was there a failure to transmit to the plan any participant contributions2021-10-26No
Has the plan failed to provide any benefit when due under the plan2021-10-26No
Contributions received in cash from employer2021-10-26$24,091
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-10-26$104,279
Did the plan have assets held for investment2021-10-26Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-10-26No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-10-26No
Opinion of an independent qualified public accountant for this plan2021-10-26Unqualified
Accountancy firm name2021-10-26SMITH AND HOWARD
Accountancy firm EIN2021-10-26581250486
2020 : ACCELERATED CLAIMS, INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$381,826
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$127,534
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$115,681
Expenses. Certain deemed distributions of participant loans2020-12-31$367
Value of total corrective distributions2020-12-31$87
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$267,024
Value of total assets at end of year2020-12-31$804,966
Value of total assets at beginning of year2020-12-31$550,674
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$11,399
Total interest from all sources2020-12-31$1,180
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$100,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$207,347
Participant contributions at end of year2020-12-31$27,634
Participant contributions at beginning of year2020-12-31$24,224
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$5,648
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$254,292
Value of net assets at end of year (total assets less liabilities)2020-12-31$804,966
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$550,674
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$11,399
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$777,332
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$526,450
Interest on participant loans2020-12-31$1,180
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$113,622
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$54,029
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$115,681
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31SMITH & HOWARD P.C.
Accountancy firm EIN2020-12-31581250486
2019 : ACCELERATED CLAIMS, INC. 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$475,867
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$77,785
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$2,978
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,895
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$59,233
Value of total assets at end of year2019-12-31$550,674
Value of total assets at beginning of year2019-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,083
Total interest from all sources2019-12-31$231
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$75,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$49,358
Participant contributions at end of year2019-12-31$24,224
Administrative expenses (other) incurred2019-12-31$1,083
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$74,807
Value of net assets at end of year (total assets less liabilities)2019-12-31$550,674
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$526,450
Interest on participant loans2019-12-31$231
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$18,321
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$9,875
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,895
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31SMITH & HOWARD, P.C.
Accountancy firm EIN2019-12-31581250486

Form 5500 Responses for ACCELERATED CLAIMS, INC. 401(K) PLAN

2021: ACCELERATED CLAIMS, INC. 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 filingYes
2021-01-01This return/report is a short plan year return/report (less than 12 months)Yes
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: ACCELERATED CLAIMS, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedYes
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
2019: ACCELERATED CLAIMS, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01First time form 5500 has been submittedYes
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan 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 number141652
Policy instance 1
Insurance contract or identification number141652
Number of Individuals Covered125
Insurance policy start date2021-01-01
Insurance policy end date2021-11-01
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $2,159
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
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees2047
Additional information about fees paid to insurance brokerFEES
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number141652
Policy instance 1
Insurance contract or identification number141652
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $2,270
Total amount of fees paid to insurance companyUSD $2,570
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
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2,270
Insurance broker organization code?3
Amount paid for insurance broker fees2570
Additional information about fees paid to insurance brokerFEES
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number141652
Policy instance 1
Insurance contract or identification number141652
Number of Individuals Covered88
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $4,964
Total amount of fees paid to insurance companyUSD $1,255
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
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,964
Insurance broker organization code?3
Amount paid for insurance broker fees1255
Additional information about fees paid to insurance brokerFEES

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