401k Plan data: BASIC NWFL, INC. 401K PLAN plan

BASIC NWFL, INC. 401K PLAN 401k Plan overview

Plan Name	BASIC NWFL, INC. 401K PLAN
Plan identification number	001

BASIC NWFL, INC. 401K PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
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

BASIC NWFL, INC. has sponsored the creation of one or more 401k plans.

Company Name: BASIC NWFL, INC.

Employer identification number (EIN): 592994863

NAIC Classification: 624100
NAIC Description: Individual and Family Services

Additional information about BASIC NWFL, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1989-10-30

Company Identification Number: N34964

Legal Registered Office Address: 432 Magnolia Ave.

PANAMA CITY

32401

More information about BASIC NWFL, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BASIC NWFL, INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01
001 2013-01-01
001 2012-01-01 VALERIE MINCEY 2013-02-28 VALERIE MINCEY 2013-02-28
001 2011-01-01 VALERIE MINCEY VALERIE MINCEY 2012-03-05
001 2010-01-01 VALERIE MINCEY VALERIE MINCEY 2011-06-06
001 2009-01-01 JERRE DEASON JERRE DEASON 2010-06-17

Plan Statistics for BASIC NWFL, INC. 401K PLAN

401k plan membership statisitcs for BASIC NWFL, INC. 401K PLAN

Measure Date Value
2011: BASIC NWFL, INC. 401K PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 28
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 14
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 1
Total of all active and inactive participants 2011-01-01 15
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 15
Number of participants with account balances 2011-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 1
2010: BASIC NWFL, INC. 401K PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 23
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 13
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 12
Total of all active and inactive participants 2010-01-01 25
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 25
Number of participants with account balances 2010-01-01 21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 1
2009: BASIC NWFL, INC. 401K PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 28
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 13
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 10
Total of all active and inactive participants 2009-01-01 23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 23
Number of participants with account balances 2009-01-01 18
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 3

Measure	Date	Value
2011: BASIC NWFL, INC. 401K PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	28
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	14
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	1
Total of all active and inactive participants	2011-01-01	15
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	15
Number of participants with account balances	2011-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	1
2010: BASIC NWFL, INC. 401K PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	23
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	13
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	12
Total of all active and inactive participants	2010-01-01	25
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	25
Number of participants with account balances	2010-01-01	21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	1
2009: BASIC NWFL, INC. 401K PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	28
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	13
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	10
Total of all active and inactive participants	2009-01-01	23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	23
Number of participants with account balances	2009-01-01	18
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	3

Financial Data on BASIC NWFL, INC. 401K PLAN

Measure	Date	Value
2011 : BASIC NWFL, INC. 401K PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$22,138
Expenses. Total of all expenses incurred	2011-12-31	$63,458
Benefits paid (including direct rollovers)	2011-12-31	$63,458
Total plan assets at end of year	2011-12-31	$101,537
Total plan assets at beginning of year	2011-12-31	$142,857
Value of fidelity bond covering the plan	2011-12-31	$25,000
Total contributions received or receivable from participants	2011-12-31	$11,618
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$143
Net income (gross income less expenses)	2011-12-31	$-41,320
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$101,537
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$142,857
Total contributions received or receivable from employer(s)	2011-12-31	$10,377
2010 : BASIC NWFL, INC. 401K PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$20,700
Expenses. Total of all expenses incurred	2010-12-31	$0
Total plan assets at end of year	2010-12-31	$142,857
Total plan assets at beginning of year	2010-12-31	$122,157
Value of fidelity bond covering the plan	2010-12-31	$25,000
Total contributions received or receivable from participants	2010-12-31	$8,387
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$5,777
Net income (gross income less expenses)	2010-12-31	$20,700
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$142,857
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$122,157
Total contributions received or receivable from employer(s)	2010-12-31	$6,536

Form 5500 Responses for BASIC NWFL, INC. 401K PLAN

2011: BASIC NWFL, INC. 401K PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: BASIC NWFL, INC. 401K PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: BASIC NWFL, INC. 401K PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

AXA EQUITABLE (National Association of Insurance Commissioners NAIC id number: 62944 )

Policy contract number

91663464

Policy instance

Insurance contract or identification number	91663464
Number of Individuals Covered	24
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Total amount of commissions paid to insurance broker	USD $237
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes

AXA EQUITABLE (National Association of Insurance Commissioners NAIC id number: 62944 )

Policy contract number

91663464

Policy instance

Insurance contract or identification number	91663464
Number of Individuals Covered	21
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $441
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Commission paid to Insurance Broker	USD $441
Insurance broker organization code?	3
Insurance broker name	CHARLEY A. GRAMLIN, IV

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Company Name:	BASIC NWFL, INC.
Employer identification number (EIN):	592994863
NAIC Classification:	624100
NAIC Description:	Individual and Family Services

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1989-10-30
Company Identification Number:	N34964
Legal Registered Office Address:	432 Magnolia Ave. PANAMA CITY 32401

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01
001	2013-01-01
001	2012-01-01	VALERIE MINCEY	2013-02-28	VALERIE MINCEY	2013-02-28
001	2011-01-01	VALERIE MINCEY		VALERIE MINCEY	2012-03-05
001	2010-01-01	VALERIE MINCEY		VALERIE MINCEY	2011-06-06
001	2009-01-01	JERRE DEASON		JERRE DEASON	2010-06-17