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NICOLON CORPORATION FULLY INSURED BENEFITS PLAN 401k Plan overview

Plan NameNICOLON CORPORATION FULLY INSURED BENEFITS PLAN
Plan identification number 503

NICOLON CORPORATION FULLY INSURED BENEFITS PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Long-term disability cover
  • Other welfare benefit cover

401k Sponsoring company profile

NICOLON CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:NICOLON CORPORATION
Employer identification number (EIN):570603223
NAIC Classification:314000
NAIC Description: Textile Product Mills

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NICOLON CORPORATION FULLY INSURED BENEFITS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032021-01-01RANDALL ADAMS2022-10-17
5032021-01-01JONATHAN MCELHANNON2023-10-16
5032020-01-01RANDALL ADAMS2021-10-15
5032019-01-01RANDALL ADAMS2020-10-13
5032018-01-01RANDALL ADAMS2019-10-28
5032018-01-01RANDALL ADAMS2019-10-15

Plan Statistics for NICOLON CORPORATION FULLY INSURED BENEFITS PLAN

401k plan membership statisitcs for NICOLON CORPORATION FULLY INSURED BENEFITS PLAN

Measure Date Value
2021: NICOLON CORPORATION FULLY INSURED BENEFITS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01752
Total number of active participants reported on line 7a of the Form 55002021-01-01719
Total of all active and inactive participants2021-01-01719
2020: NICOLON CORPORATION FULLY INSURED BENEFITS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01727
Total number of active participants reported on line 7a of the Form 55002020-01-01752
Total of all active and inactive participants2020-01-01752
2019: NICOLON CORPORATION FULLY INSURED BENEFITS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01631
Total number of active participants reported on line 7a of the Form 55002019-01-01727
Total of all active and inactive participants2019-01-01727
2018: NICOLON CORPORATION FULLY INSURED BENEFITS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01402
Total number of active participants reported on line 7a of the Form 55002018-01-01631
Total of all active and inactive participants2018-01-01631

Financial Data on NICOLON CORPORATION FULLY INSURED BENEFITS PLAN

Measure Date Value
2021 : NICOLON CORPORATION FULLY INSURED BENEFITS PLAN 2021 401k financial data
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31No
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31Yes

Form 5500 Responses for NICOLON CORPORATION FULLY INSURED BENEFITS PLAN

2021: NICOLON CORPORATION FULLY INSURED BENEFITS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingYes
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes
2020: NICOLON CORPORATION FULLY INSURED BENEFITS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan benefit arrangement – InsuranceYes
2019: NICOLON CORPORATION FULLY INSURED BENEFITS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan benefit arrangement – InsuranceYes
2018: NICOLON CORPORATION FULLY INSURED BENEFITS PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberNYDI-0000037024
Policy instance 9
Insurance contract or identification numberNYDI-0000037024
Number of Individuals Covered2
Insurance policy start date2021-06-01
Insurance policy end date2021-09-30
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Other welfare benefits providedNY DISABILITY BENEFITS LAW
Welfare Benefit Premiums Paid to CarrierUSD $65
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186414
Policy instance 1
Insurance contract or identification number000010186414
Number of Individuals Covered1168
Insurance policy start date2021-01-01
Insurance policy end date2021-08-31
Total amount of commissions paid to insurance brokerUSD $3,837
Total amount of fees paid to insurance companyUSD $1,918
Life Insurance Welfare BenefitYes
Other welfare benefits providedAD & D, DEPENDENT LIFE
Welfare Benefit Premiums Paid to CarrierUSD $38,367
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,837
Insurance broker organization code?3
Amount paid for insurance broker fees1918
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186416
Policy instance 2
Insurance contract or identification number000010186416
Number of Individuals Covered200
Insurance policy start date2021-01-01
Insurance policy end date2021-05-31
Total amount of commissions paid to insurance brokerUSD $8,268
Total amount of fees paid to insurance companyUSD $3,231
Other welfare benefits providedWEEKLY INCOME
Welfare Benefit Premiums Paid to CarrierUSD $55,123
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $8,268
Insurance broker organization code?3
Amount paid for insurance broker fees3231
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010254423
Policy instance 3
Insurance contract or identification number000010254423
Number of Individuals Covered57
Insurance policy start date2021-01-01
Insurance policy end date2021-05-21
Total amount of commissions paid to insurance brokerUSD $5,863
Total amount of fees paid to insurance companyUSD $1,954
Other welfare benefits providedLONG-TERM DISABILITY - GA
Welfare Benefit Premiums Paid to CarrierUSD $39,087
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5,863
Insurance broker organization code?3
Amount paid for insurance broker fees1954
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberLIFE-0000028008
Policy instance 4
Insurance contract or identification numberLIFE-0000028008
Number of Individuals Covered241
Insurance policy start date2021-06-01
Insurance policy end date2021-09-30
Total amount of commissions paid to insurance brokerUSD $7,418
Total amount of fees paid to insurance companyUSD $2,473
Life Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $49,455
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7,418
Insurance broker organization code?3
Amount paid for insurance broker fees2473
Additional information about fees paid to insurance brokerCONSULTING FEES
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberLTD-0000028009
Policy instance 5
Insurance contract or identification numberLTD-0000028009
Number of Individuals Covered140
Insurance policy start date2021-06-01
Insurance policy end date2021-09-30
Total amount of commissions paid to insurance brokerUSD $999
Total amount of fees paid to insurance companyUSD $499
Other welfare benefits providedPAID SALARIED LT DISABILITY
Welfare Benefit Premiums Paid to CarrierUSD $9,989
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $999
Insurance broker organization code?3
Amount paid for insurance broker fees499
Additional information about fees paid to insurance brokerCONSULTING FEES
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberLTD-0000031996
Policy instance 6
Insurance contract or identification numberLTD-0000031996
Number of Individuals Covered88
Insurance policy start date2021-06-01
Insurance policy end date2021-09-30
Total amount of commissions paid to insurance brokerUSD $1,581
Total amount of fees paid to insurance companyUSD $527
Long Term Disability Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $10,538
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,581
Insurance broker organization code?3
Amount paid for insurance broker fees527
Additional information about fees paid to insurance brokerCONSULTING FEES
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberLIFE-0000028007
Policy instance 7
Insurance contract or identification numberLIFE-0000028007
Number of Individuals Covered449
Insurance policy start date2021-06-01
Insurance policy end date2021-09-30
Total amount of commissions paid to insurance brokerUSD $1,933
Total amount of fees paid to insurance companyUSD $966
Life Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $19,330
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,933
Insurance broker organization code?3
Amount paid for insurance broker fees966
Additional information about fees paid to insurance brokerCONSULTING FEES
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberSTD-0000028006
Policy instance 8
Insurance contract or identification numberSTD-0000028006
Number of Individuals Covered200
Insurance policy start date2021-06-01
Insurance policy end date2021-09-30
Total amount of commissions paid to insurance brokerUSD $3,984
Total amount of fees paid to insurance companyUSD $1,328
Other welfare benefits providedSHORT-TERM DISABILITY
Welfare Benefit Premiums Paid to CarrierUSD $26,563
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,984
Insurance broker organization code?3
Amount paid for insurance broker fees1328
Additional information about fees paid to insurance brokerCONSULTING FEES
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010254423
Policy instance 5
Insurance contract or identification number000010254423
Number of Individuals Covered87
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $5,405
Total amount of fees paid to insurance companyUSD $3,551
Other welfare benefits providedLONG-TERM DISABILITY - GA
Welfare Benefit Premiums Paid to CarrierUSD $36,036
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5,405
Insurance broker organization code?3
Amount paid for insurance broker fees3551
Additional information about fees paid to insurance brokerBROKER BONUS AND CONSULTING FEES
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186416
Policy instance 4
Insurance contract or identification number000010186416
Number of Individuals Covered177
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $14,777
Total amount of fees paid to insurance companyUSD $9,829
Other welfare benefits providedWEEKLY INCOME
Welfare Benefit Premiums Paid to CarrierUSD $98,510
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $14,777
Insurance broker organization code?3
Amount paid for insurance broker fees9829
Additional information about fees paid to insurance brokerBROKER BONUS AND CONSULTING FEES
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186415
Policy instance 3
Insurance contract or identification number000010186415
Number of Individuals Covered129
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $2,596
Total amount of fees paid to insurance companyUSD $5,760
Long Term Disability Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $25,956
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees5760
Additional information about fees paid to insurance brokerBROKER BONUS AND CONSULTING FEES
Insurance broker organization code?3
Commission paid to Insurance BrokerUSD $2,596
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number18022
Policy instance 2
Insurance contract or identification number18022
Number of Individuals Covered529
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $28,105
Total amount of fees paid to insurance companyUSD $26,262
Other welfare benefits providedVOL. LIFE VOL. CHILD & SPOUSE LIFE
Welfare Benefit Premiums Paid to CarrierUSD $187,364
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $28,105
Insurance broker organization code?3
Amount paid for insurance broker fees26262
Additional information about fees paid to insurance brokerBROKER BONUS AND CONSULTING FEES
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186414
Policy instance 1
Insurance contract or identification number000010186414
Number of Individuals Covered717
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $7,381
Total amount of fees paid to insurance companyUSD $12,272
Life Insurance Welfare BenefitYes
Other welfare benefits providedAD & D, DEPENDENT LIFE
Welfare Benefit Premiums Paid to CarrierUSD $73,808
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees12272
Additional information about fees paid to insurance brokerBROKER BONUS AND CONSULTING FEES
Insurance broker organization code?3
Commission paid to Insurance BrokerUSD $7,381
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number18022
Policy instance 2
Insurance contract or identification number18022
Number of Individuals Covered501
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $22,649
Total amount of fees paid to insurance companyUSD $7,550
Other welfare benefits providedVOL. LIFE VOL. CHILD & SPOUSE LIFE
Welfare Benefit Premiums Paid to CarrierUSD $150,995
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $22,649
Insurance broker organization code?3
Amount paid for insurance broker fees7550
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186415
Policy instance 3
Insurance contract or identification number000010186415
Number of Individuals Covered129
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $2,796
Total amount of fees paid to insurance companyUSD $1,398
Long Term Disability Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $27,964
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2,796
Insurance broker organization code?3
Amount paid for insurance broker fees1398
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186416
Policy instance 4
Insurance contract or identification number000010186416
Number of Individuals Covered177
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $13,374
Total amount of fees paid to insurance companyUSD $4,458
Other welfare benefits providedWEEKLY INCOME
Welfare Benefit Premiums Paid to CarrierUSD $89,157
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $13,374
Insurance broker organization code?3
Amount paid for insurance broker fees4458
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186414
Policy instance 1
Insurance contract or identification number000010186414
Number of Individuals Covered1160
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $5,866
Total amount of fees paid to insurance companyUSD $2,933
Life Insurance Welfare BenefitYes
Other welfare benefits providedAD & D, DEPENDENT LIFE
Welfare Benefit Premiums Paid to CarrierUSD $58,661
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5,866
Insurance broker organization code?3
Amount paid for insurance broker fees2933
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186414
Policy instance 1
Insurance contract or identification number000010186414
Number of Individuals Covered1909
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $8,551
Total amount of fees paid to insurance companyUSD $1,628
Life Insurance Welfare BenefitYes
Other welfare benefits providedAD & D, DEPENDENT LIFE
Welfare Benefit Premiums Paid to CarrierUSD $85,513
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $8,551
Insurance broker organization code?3
Amount paid for insurance broker fees1628
Additional information about fees paid to insurance brokerCONSULTING
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186415
Policy instance 3
Insurance contract or identification number000010186415
Number of Individuals Covered210
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $5,838
Total amount of fees paid to insurance companyUSD $1,069
Long Term Disability Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $58,383
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5,838
Insurance broker organization code?3
Amount paid for insurance broker fees1069
Additional information about fees paid to insurance brokerCONSULTING
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number000010186416
Policy instance 4
Insurance contract or identification number000010186416
Number of Individuals Covered177
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $11,584
Total amount of fees paid to insurance companyUSD $1,340
Other welfare benefits providedWEEKLY INCOME
Welfare Benefit Premiums Paid to CarrierUSD $77,229
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $11,584
Amount paid for insurance broker fees1340
Additional information about fees paid to insurance brokerCONSULTING
Insurance broker organization code?0
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number18022
Policy instance 2
Insurance contract or identification number18022
Number of Individuals Covered864
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $32,300
Total amount of fees paid to insurance companyUSD $4,403
Other welfare benefits providedVOL. LIFE VOL. CHILD & SPOUSE LIFE
Welfare Benefit Premiums Paid to CarrierUSD $215,334
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees4403
Additional information about fees paid to insurance brokerCONSULTING
Insurance broker organization code?0
Commission paid to Insurance BrokerUSD $32,300

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