MONTALVO INSURANCE AGENCY, INC. SAFE HARBOR 401(K) PLAN 401k Plan overview
| Plan Name | MONTALVO INSURANCE AGENCY, INC. SAFE HARBOR 401(K) PLAN |
| Plan identification number | 001 |
MONTALVO INSURANCE AGENCY, INC. SAFE HARBOR 401(K) PLAN Benefits
| 401k Plan Type | Defined Contribution Pension |
| Plan Features/Benefits | - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
- 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.
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401k Sponsoring company profile
MONTALVO INSURANCE AGENCY, INC. has sponsored the creation of one or more 401k plans.
Additional information about MONTALVO INSURANCE AGENCY, INC.
| Jurisdiction of Incorporation: | Texas Secretary of State |
| Incorporation Date: | 1980-12-22 |
| Company Identification Number: | 0054441000 |
| Legal Registered Office Address: |
208 S TEXAS BLVD
WESLACO
United States of America (USA)
78596
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More information about MONTALVO INSURANCE AGENCY, INC.
Form 5500 Filing Information
Submission information for form 5500 for 401k plan MONTALVO INSURANCE AGENCY, INC. SAFE HARBOR 401(K) PLAN
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|
| 001 | 2022-01-01 | RAMON MONTALVO | 2023-08-08 | | |
| 001 | 2021-01-01 | RAMON MONTALVO | 2022-07-05 | | |
| 001 | 2020-01-01 | RAMON MONTALVO | 2021-07-23 | | |
| 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 | RAMON MONTALVO III | 2014-10-03 | | |
| 001 | 2012-01-01 | RAMON MONTALVO, III | 2013-07-30 | | |
| 001 | 2011-01-01 | RAMON MONTALVO III | 2012-07-31 | | |
Financial Data on MONTALVO INSURANCE AGENCY, INC. SAFE HARBOR 401(K) PLAN
| Measure | Date | Value |
|---|
| 2010 : MONTALVO INSURANCE AGENCY, INC. SAFE HARBOR 401(K) PLAN 2010 401k financial data |
|---|
| Total income from all sources | 2010-12-31 | $26,702 |
| Total plan assets at end of year | 2010-12-31 | $153,987 |
| Total plan assets at beginning of year | 2010-12-31 | $127,285 |
| Total contributions received or receivable from participants | 2010-12-31 | $8,042 |
| Other income received | 2010-12-31 | $13,330 |
| Net income (gross income less expenses) | 2010-12-31 | $26,702 |
| Net plan assets at end of year (total assets less liabilities) | 2010-12-31 | $153,987 |
| Net plan assets at beginning of year (total assets less liabilities) | 2010-12-31 | $127,285 |
| Assets. Value of participant loans | 2010-12-31 | $5,040 |
| Total contributions received or receivable from employer(s) | 2010-12-31 | $5,330 |
Insurance Providers Used on plan
| SYMETRA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68608 ) |
| Policy contract number | LP1070548 |
| Policy instance | 1 |
| Insurance contract or identification number | LP1070548 | | Number of Individuals Covered | 6 | | Insurance policy start date | 2010-01-01 | | Insurance policy end date | 2010-12-31 | | Total amount of commissions paid to insurance broker | USD $524 | | Are there contracts with allocated funds for group deferred annuity? | Yes |
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