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PHILLIPS DIVERSIFIED MANUFACTURING, INC. 401k Plan overview

Plan NamePHILLIPS DIVERSIFIED MANUFACTURING, INC.
Plan identification number 501

PHILLIPS DIVERSIFIED MANUFACTURING, INC. Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Other welfare benefit cover

401k Sponsoring company profile

PHILLIPS DIVERSIFED MANUFACTURING, INC. has sponsored the creation of one or more 401k plans.

Company Name:PHILLIPS DIVERSIFED MANUFACTURING, INC.
Employer identification number (EIN):611253621
NAIC Classification:334110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHILLIPS DIVERSIFIED MANUFACTURING, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012022-01-01CHELSEA PENNINGTON2023-09-20

Plan Statistics for PHILLIPS DIVERSIFIED MANUFACTURING, INC.

401k plan membership statisitcs for PHILLIPS DIVERSIFIED MANUFACTURING, INC.

Measure Date Value
2022: PHILLIPS DIVERSIFIED MANUFACTURING, INC. 2022 401k membership
Total participants, beginning-of-year2022-01-01107
Total number of active participants reported on line 7a of the Form 55002022-01-01107
Total of all active and inactive participants2022-01-01107

Form 5500 Responses for PHILLIPS DIVERSIFIED MANUFACTURING, INC.

2022: PHILLIPS DIVERSIFIED MANUFACTURING, INC. 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

ANTHEM HEALTH PLAN OF KENTUCKY D.B.A. ANTHEM BLUECROSS BLUESHIELD (National Association of Insurance Commissioners NAIC id number: 95120 )
Policy contract numberKY2536
Policy instance 1
Insurance contract or identification numberKY2536
Number of Individuals Covered55
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $12,528
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $432,583
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $12,528
Insurance broker organization code?3
MONY (National Association of Insurance Commissioners NAIC id number: 78077 )
Policy contract number8669
Policy instance 2
Insurance contract or identification number8669
Number of Individuals Covered107
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $10,838
Total amount of fees paid to insurance companyUSD $6,978
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedAD&D, VOLUNTARY STD
Welfare Benefit Premiums Paid to CarrierUSD $85,979
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,838
Amount paid for insurance broker fees4087
Additional information about fees paid to insurance brokerFEES
Insurance broker organization code?3
METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number0232800
Policy instance 3
Insurance contract or identification number0232800
Number of Individuals Covered21
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $441
Total amount of fees paid to insurance companyUSD $102
Health Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $2,217
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $353
Insurance broker organization code?3
Amount paid for insurance broker fees14
Additional information about fees paid to insurance brokerFEES
METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number0232799
Policy instance 4
Insurance contract or identification number0232799
Number of Individuals Covered24
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $1,509
Total amount of fees paid to insurance companyUSD $351
Other welfare benefits providedACCIDENT, CRITICAL ILLNESS
Welfare Benefit Premiums Paid to CarrierUSD $7,663
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,207
Insurance broker organization code?3
Amount paid for insurance broker fees49
Additional information about fees paid to insurance brokerSUPPLEMENTAL COMPENSATION

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