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FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 401k Plan overview

Plan NameFINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN
Plan identification number 501

FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC has sponsored the creation of one or more 401k plans.

Company Name:FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC
Employer identification number (EIN):582520961
NAIC Classification:561490

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012022-03-01DANIEL VALDEZ2023-09-11
5012021-03-01DANIEL VALDEZ2022-09-07
5012020-03-01DANIEL VALDEZ2021-09-07
5012019-03-01DANIEL VALDEZ2020-08-20
5012018-03-01DANIEL VALDEZ2019-09-18

Plan Statistics for FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN

401k plan membership statisitcs for FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN

Measure Date Value
2022: FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 2022 401k membership
Total participants, beginning-of-year2022-03-01137
Total number of active participants reported on line 7a of the Form 55002022-03-01155
Number of retired or separated participants receiving benefits2022-03-010
Number of other retired or separated participants entitled to future benefits2022-03-010
Total of all active and inactive participants2022-03-01155
Number of employers contributing to the scheme2022-03-010
2021: FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 2021 401k membership
Total participants, beginning-of-year2021-03-01138
Total number of active participants reported on line 7a of the Form 55002021-03-01139
Number of retired or separated participants receiving benefits2021-03-011
Number of other retired or separated participants entitled to future benefits2021-03-010
Total of all active and inactive participants2021-03-01140
Number of employers contributing to the scheme2021-03-010
2020: FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 2020 401k membership
Total participants, beginning-of-year2020-03-01128
Total number of active participants reported on line 7a of the Form 55002020-03-01138
Number of retired or separated participants receiving benefits2020-03-012
Number of other retired or separated participants entitled to future benefits2020-03-010
Total of all active and inactive participants2020-03-01140
Number of employers contributing to the scheme2020-03-010
2019: FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 2019 401k membership
Total participants, beginning-of-year2019-03-01127
Total number of active participants reported on line 7a of the Form 55002019-03-01128
Number of retired or separated participants receiving benefits2019-03-011
Number of other retired or separated participants entitled to future benefits2019-03-010
Total of all active and inactive participants2019-03-01129
Number of employers contributing to the scheme2019-03-010
2018: FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 2018 401k membership
Total participants, beginning-of-year2018-03-01101
Total number of active participants reported on line 7a of the Form 55002018-03-01123
Number of retired or separated participants receiving benefits2018-03-010
Number of other retired or separated participants entitled to future benefits2018-03-010
Total of all active and inactive participants2018-03-01123
Number of employers contributing to the scheme2018-03-010

Form 5500 Responses for FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN

2022: FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 2022 form 5500 responses
2022-03-01Type of plan entitySingle employer plan
2022-03-01Plan funding arrangement – InsuranceYes
2022-03-01Plan benefit arrangement – InsuranceYes
2021: FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 2021 form 5500 responses
2021-03-01Type of plan entitySingle employer plan
2021-03-01Plan funding arrangement – InsuranceYes
2021-03-01Plan benefit arrangement – InsuranceYes
2020: FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 2020 form 5500 responses
2020-03-01Type of plan entitySingle employer plan
2020-03-01Plan funding arrangement – InsuranceYes
2020-03-01Plan benefit arrangement – InsuranceYes
2019: FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 2019 form 5500 responses
2019-03-01Type of plan entitySingle employer plan
2019-03-01Plan funding arrangement – InsuranceYes
2019-03-01Plan benefit arrangement – InsuranceYes
2018: FINANCIAL TECHNOLOGY SOLUTIONS INTERNATIONAL, INC HEALTH & WELFARE PLAN 2018 form 5500 responses
2018-03-01Type of plan entitySingle employer plan
2018-03-01First time form 5500 has been submittedYes
2018-03-01Plan funding arrangement – InsuranceYes
2018-03-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

ANTHEM BLUE CROSS LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62825 )
Policy contract number282904
Policy instance 1
Insurance contract or identification number282904
Number of Individuals Covered455
Insurance policy start date2022-03-01
Insurance policy end date2023-02-28
Total amount of commissions paid to insurance brokerUSD $94,029
Total amount of fees paid to insurance companyUSD $0
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $1,287,472
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $77,727
Amount paid for insurance broker fees0
Insurance broker organization code?3
UNITED CONCORDIA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85766 )
Policy contract number922318-000
Policy instance 2
Insurance contract or identification number922318-000
Number of Individuals Covered220
Insurance policy start date2021-03-01
Insurance policy end date2022-02-28
Total amount of commissions paid to insurance brokerUSD $8,487
Total amount of fees paid to insurance companyUSD $400
Dental Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $90,878
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $8,487
Amount paid for insurance broker fees400
Additional information about fees paid to insurance brokerBONUS
Insurance broker organization code?3
BLUE CROSS OF CALIFORNIA (National Association of Insurance Commissioners NAIC id number: 00000 )
Policy contract number282904
Policy instance 1
Insurance contract or identification number282904
Number of Individuals Covered243
Insurance policy start date2021-03-01
Insurance policy end date2022-02-28
Total amount of commissions paid to insurance brokerUSD $68,616
Total amount of fees paid to insurance companyUSD $1,854
Health Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $1,085,964
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $57,859
Amount paid for insurance broker fees1854
Additional information about fees paid to insurance brokerFEES
Insurance broker organization code?3
UNITED CONCORDIA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85766 )
Policy contract number922318-000
Policy instance 2
Insurance contract or identification number922318-000
Number of Individuals Covered204
Insurance policy start date2020-03-01
Insurance policy end date2021-02-28
Total amount of commissions paid to insurance brokerUSD $7,616
Total amount of fees paid to insurance companyUSD $0
Dental Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $76,163
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $7,616
Amount paid for insurance broker fees0
Insurance broker organization code?3
BLUE CROSS OF CALIFORNIA (National Association of Insurance Commissioners NAIC id number: 00000 )
Policy contract number282904
Policy instance 1
Insurance contract or identification number282904
Number of Individuals Covered235
Insurance policy start date2020-03-01
Insurance policy end date2021-02-28
Total amount of commissions paid to insurance brokerUSD $56,035
Total amount of fees paid to insurance companyUSD $0
Health Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $943,729
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $47,422
Amount paid for insurance broker fees0
Insurance broker organization code?3
AETNA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60054 )
Policy contract number804770
Policy instance 3
Insurance contract or identification number804770
Number of Individuals Covered300
Insurance policy start date2019-03-01
Insurance policy end date2020-02-29
Total amount of commissions paid to insurance brokerUSD $31,420
Total amount of fees paid to insurance companyUSD $71
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $475,296
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $31,420
Amount paid for insurance broker fees71
Additional information about fees paid to insurance brokerINDIRECT COMPENSATION
Insurance broker organization code?3
UNITED CONCORDIA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85766 )
Policy contract number922318-000
Policy instance 2
Insurance contract or identification number922318-000
Number of Individuals Covered170
Insurance policy start date2019-03-01
Insurance policy end date2020-02-29
Total amount of commissions paid to insurance brokerUSD $6,725
Total amount of fees paid to insurance companyUSD $0
Dental Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $67,199
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,725
Amount paid for insurance broker fees0
Insurance broker organization code?3
AETNA HEALTH, INC. (National Association of Insurance Commissioners NAIC id number: 00000 )
Policy contract number804770HNO
Policy instance 1
Insurance contract or identification number804770HNO
Number of Individuals Covered81
Insurance policy start date2019-03-01
Insurance policy end date2020-02-29
Total amount of commissions paid to insurance brokerUSD $27,687
Total amount of fees paid to insurance companyUSD $2,141
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $465,980
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $27,687
Amount paid for insurance broker fees2141
Additional information about fees paid to insurance broker2018 PREMIER PRODUCER MEDICAL NEW BUSINESS INDIRECT COMPENSATION
Insurance broker organization code?3
AETNA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60054 )
Policy contract number804770
Policy instance 2
Insurance contract or identification number804770
Number of Individuals Covered209
Insurance policy start date2018-03-01
Insurance policy end date2019-02-28
Total amount of commissions paid to insurance brokerUSD $24,827
Total amount of fees paid to insurance companyUSD $7,572
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $376,836
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $24,827
Amount paid for insurance broker fees7572
Additional information about fees paid to insurance brokerCA MARCH 18 LOCAL MARKET BONUS INDIRECT COMPENSATION
Insurance broker organization code?3
AETNA HEALTH, INC. (National Association of Insurance Commissioners NAIC id number: 00000 )
Policy contract number804770HNO
Policy instance 1
Insurance contract or identification number804770HNO
Number of Individuals Covered88
Insurance policy start date2018-03-01
Insurance policy end date2019-02-28
Total amount of commissions paid to insurance brokerUSD $24,458
Total amount of fees paid to insurance companyUSD $0
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $440,736
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $24,458
Amount paid for insurance broker fees0
Insurance broker organization code?3

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