401k Plan data: VELOCITY CREDIT UNION HEALTH AND WELFARE PLAN plan

VELOCITY CREDIT UNION HEALTH AND WELFARE PLAN 401k Plan overview

Plan Name	VELOCITY CREDIT UNION HEALTH AND WELFARE PLAN
Plan identification number	503

VELOCITY CREDIT UNION HEALTH AND WELFARE PLAN Benefits

401k Plan Type	Welfare Benefit
Plan Features/Benefits	SELECT distinct(Description) AS Description FROM 401k_benefit_codes LEFT JOIN 401k_benefit_code_description ON BenefitCode=Code COLLATE utf8_unicode_ci WHERE EIN='741200165' AND PlanID='503'

401k Sponsoring company profile

VELOCITY CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: VELOCITY CREDIT UNION

Employer identification number (EIN): 741200165

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VELOCITY CREDIT UNION HEALTH AND WELFARE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
503 2023-01-01 CHERI HALL 2024-07-18
503 2022-01-01 CHERI HALL 2023-05-31
503 2021-01-01 CHERI HALL 2022-07-18
503 2020-01-01 CHERI HALL 2021-07-29
503 2019-01-01 CHERI HALL 2020-07-29
503 2018-01-01
503 2017-01-01
503 2016-11-01
503 2015-11-01 CHERI HALL
503 2014-11-01 DEBBIE MITCHELL

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
503	2023-01-01	CHERI HALL	2024-07-18
503	2022-01-01	CHERI HALL	2023-05-31
503	2021-01-01	CHERI HALL	2022-07-18
503	2020-01-01	CHERI HALL	2021-07-29
503	2019-01-01	CHERI HALL	2020-07-29
503	2018-01-01
503	2017-01-01
503	2016-11-01
503	2015-11-01	CHERI HALL
503	2014-11-01	DEBBIE MITCHELL

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

158700

Policy instance

Insurance contract or identification number	158700
Number of Individuals Covered	221
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $25,078
Total amount of fees paid to insurance company	USD $7,090
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	Yes
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	Yes
Temporary Disability Insurance Welfare Benefit	Yes
Long Term Disability Insurance Welfare Benefit	Yes
Unemployment Insurance Welfare Benefit	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES (National Association of Insurance Commissioners NAIC id number: 67369 )

Policy contract number

633830

Policy instance

Insurance contract or identification number	633830
Number of Individuals Covered	212
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $92,097
Health Insurance Welfare Benefit	Yes
Welfare Benefit Premiums Paid to Carrier	USD $1,938,948
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

BLOCK VISION (National Association of Insurance Commissioners NAIC id number: 95387 )

Policy contract number

323970

Policy instance

Insurance contract or identification number	323970
Number of Individuals Covered	205
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $1,638
Total amount of fees paid to insurance company	USD $0
Vision Insurance Welfare Benefit	Yes
Welfare Benefit Premiums Paid to Carrier	USD $17,896
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

AMERICAN HERITAGE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60534 )

Policy contract number

16615

Policy instance

Insurance contract or identification number	16615
Number of Individuals Covered	31
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $2,729
Total amount of fees paid to insurance company	USD $0
Other welfare benefits provided	ACCIDENT, CRITICAL ILLNESS
Welfare Benefit Premiums Paid to Carrier	USD $13,785
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

AMERICAN HERITAGE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60534 )

Policy contract number

16615

Policy instance

Insurance contract or identification number	16615
Number of Individuals Covered	32
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $3,016
Total amount of fees paid to insurance company	USD $0
Other welfare benefits provided	ACCIDENT, CRITICAL ILLNESS
Welfare Benefit Premiums Paid to Carrier	USD $12,606
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

BLOCK VISION (National Association of Insurance Commissioners NAIC id number: 95387 )

Policy contract number

323970

Policy instance

Insurance contract or identification number	323970
Number of Individuals Covered	131
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $1,875
Total amount of fees paid to insurance company	USD $0
Vision Insurance Welfare Benefit	Yes
Welfare Benefit Premiums Paid to Carrier	USD $17,394
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES (National Association of Insurance Commissioners NAIC id number: 67369 )

Policy contract number

633830

Policy instance

Insurance contract or identification number	633830
Number of Individuals Covered	216
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $95,023
Health Insurance Welfare Benefit	Yes
Welfare Benefit Premiums Paid to Carrier	USD $1,913,331
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

158700

Policy instance

Insurance contract or identification number	158700
Number of Individuals Covered	273
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $29,242
Total amount of fees paid to insurance company	USD $7,234
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	Yes
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	Yes
Temporary Disability Insurance Welfare Benefit	Yes
Long Term Disability Insurance Welfare Benefit	Yes
Unemployment Insurance Welfare Benefit	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

BLOCK VISION (National Association of Insurance Commissioners NAIC id number: 95387 )

Policy contract number

323970

Policy instance

AMERICAN HERITAGE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60534 )

Policy contract number

16615

Policy instance

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

158700

Policy instance

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

158700

Policy instance

BLOCK VISION (National Association of Insurance Commissioners NAIC id number: 95387 )

Policy contract number

323970

Policy instance

AMERICAN HERITAGE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60534 )

Policy contract number

16615

Policy instance

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

158700

Policy instance

BLOCK VISION (National Association of Insurance Commissioners NAIC id number: 95387 )

Policy contract number

323970

Policy instance

AMERICAN HERITAGE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60534 )

Policy contract number

16615

Policy instance

AMERICAN HERITAGE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60534 )

Policy contract number

16615

Policy instance

BLOCK VISION (National Association of Insurance Commissioners NAIC id number: 95387 )

Policy contract number

323970

Policy instance

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

158700

Policy instance

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

158700

Policy instance

BLOCK VISION (National Association of Insurance Commissioners NAIC id number: 95387 )

Policy contract number

323970

Policy instance

AMERICAN HERITAGE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60534 )

Policy contract number

16615

Policy instance

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Company Name:	VELOCITY CREDIT UNION
Employer identification number (EIN):	741200165
NAIC Classification:	522130
NAIC Description:	Credit Unions