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NATIONAL SWITCHGEAR SYSTEMS INC HEALTH AND WELFARE PLAN 401k Plan overview

Plan NameNATIONAL SWITCHGEAR SYSTEMS INC HEALTH AND WELFARE PLAN
Plan identification number 501

NATIONAL SWITCHGEAR SYSTEMS INC HEALTH AND WELFARE PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Death benefits (include travel accident but not life insurance)
  • Unfunded, fully insured, or combination unfunded/insured welfare plan that will not file a Form 5500 for next plan year pursuant to 29 CFR 2520.104-20.

401k Sponsoring company profile

NATIONAL SWITCHGEAR SYSTEMS INC has sponsored the creation of one or more 401k plans.

Company Name:NATIONAL SWITCHGEAR SYSTEMS INC
Employer identification number (EIN):752089465
NAIC Classification:335310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATIONAL SWITCHGEAR SYSTEMS INC HEALTH AND WELFARE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012020-01-01LINDA KLEMME2021-10-14
5012020-01-01LINDA KLEMME2022-07-06

Plan Statistics for NATIONAL SWITCHGEAR SYSTEMS INC HEALTH AND WELFARE PLAN

401k plan membership statisitcs for NATIONAL SWITCHGEAR SYSTEMS INC HEALTH AND WELFARE PLAN

Measure Date Value
2020: NATIONAL SWITCHGEAR SYSTEMS INC HEALTH AND WELFARE PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01107
Total number of active participants reported on line 7a of the Form 55002020-01-01107
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-01107
Number of employers contributing to the scheme2020-01-010

Form 5500 Responses for NATIONAL SWITCHGEAR SYSTEMS INC HEALTH AND WELFARE PLAN

2020: NATIONAL SWITCHGEAR SYSTEMS INC HEALTH AND WELFARE PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01Submission has been amendedYes
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number925861
Policy instance 1
Insurance contract or identification number925861
Number of Individuals Covered107
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $723
Total amount of fees paid to insurance companyUSD $15
Life Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $4,772
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $723
Amount paid for insurance broker fees15
Additional information about fees paid to insurance brokerBONUS
Insurance broker organization code?3

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