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NETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN 401k Plan overview

Plan NameNETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN
Plan identification number 001

NETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NETWORK TRUCK INSURANCE SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:NETWORK TRUCK INSURANCE SERVICES, INC.
Employer identification number (EIN):680480862
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Additional information about NETWORK TRUCK INSURANCE SERVICES, INC.

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 2001-03-22
Company Identification Number: C2340620
Legal Registered Office Address: 5441 Fair Oaks Blvd Ste C4

Carmichael
United States of America (USA)
95608

More information about NETWORK TRUCK INSURANCE SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01DENNIS SAVITSKY2023-10-05 DENNIS SAVITSKY2023-10-05
0012021-01-01JAMES CANTEY2022-09-21 JAMES CANTEY2022-09-21
0012020-01-01
0012019-01-01DENNIS SAVITSKY2020-06-01
0012018-01-01ALAN ROBISON2019-05-18
0012017-01-01ALAN ROBISON2018-07-26
0012016-01-01ALAN ROBISON2017-07-14
0012016-01-01ALAN ROBISON2019-09-06
0012015-01-01ALAN ROBISON2016-07-08
0012014-01-01ALAN ROBISON2015-09-10
0012013-01-01ALAN ROBISON2014-07-01
0012012-01-01ALAN ROBISON2013-06-27
0012011-01-01ALAN ROBISON2012-06-19
0012010-01-01ALAN ROBISON2011-06-10

Plan Statistics for NETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN

401k plan membership statisitcs for NETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN

Measure Date Value
2020: NETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0116
Total number of active participants reported on line 7a of the Form 55002020-01-0123
Total of all active and inactive participants2020-01-0123
Total participants2020-01-0123
Number of participants with account balances2020-01-0116

Financial Data on NETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN

Measure Date Value
2020 : NETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$567,861
Expenses. Total of all expenses incurred2020-12-31$7,306
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$2,723,510
Total plan assets at beginning of year2020-12-31$2,162,955
Value of fidelity bond covering the plan2020-12-31$241,791
Total contributions received or receivable from participants2020-12-31$154,936
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$315,913
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$560,555
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,723,510
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$2,162,955
Assets. Value of participant loans2020-12-31$49,224
Total contributions received or receivable from employer(s)2020-12-31$97,012
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$7,306

Form 5500 Responses for NETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN

2020: NETWORK TRUCK INSURANCE SERVICES, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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