401k Plan data: OMLI, LLC CASH BALANCE PLAN & TRUST plan

OMLI, LLC CASH BALANCE PLAN & TRUST 401k Plan overview

Plan Name	OMLI, LLC CASH BALANCE PLAN & TRUST
Plan identification number	002

OMLI, LLC CASH BALANCE PLAN & TRUST Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Plan covering Self-Employed individuals.
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

OMLI, LLC has sponsored the creation of one or more 401k plans.

Company Name: OMLI, LLC

Employer identification number (EIN): 834515496

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OMLI, LLC CASH BALANCE PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01
002 2022-01-01
002 2021-01-01
002 2020-01-01

Plan Statistics for OMLI, LLC CASH BALANCE PLAN & TRUST

401k plan membership statisitcs for OMLI, LLC CASH BALANCE PLAN & TRUST

Measure Date Value
2025: OMLI, LLC CASH BALANCE PLAN & TRUST 2025 401k membership
Total number of particpants at beginning of year 2025-09-29 9
Total number of particpants at end of year 2025-09-29 9
2024: OMLI, LLC CASH BALANCE PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year 2024-06-18 8
Total number of particpants at end of year 2024-06-18 9
2022: OMLI, LLC CASH BALANCE PLAN & TRUST 2022 401k membership
Market value of plan assets 2022-12-31 774,620
Acturial value of plan assets 2022-12-31 774,620
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 0
Fundng target for terminated vested participants 2022-12-31 0
Active participant vested funding target 2022-12-31 841,265
Number of active participants 2022-12-31 8
Total funding liabilities for active participants 2022-12-31 841,265
Total participant count 2022-12-31 8
Total funding target for all participants 2022-12-31 841,265
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 40,253
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 40,253
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 450,711
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 435,526
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 425,527
Net shortfall amortization installment of oustanding balance 2022-12-31 66,645
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 431,686
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 431,686
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 435,526
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: OMLI, LLC CASH BALANCE PLAN & TRUST 2021 401k membership
Market value of plan assets 2021-12-31 421,315
Acturial value of plan assets 2021-12-31 421,315
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 0
Fundng target for terminated vested participants 2021-12-31 0
Active participant vested funding target 2021-12-31 0
Number of active participants 2021-12-31 5
Total funding liabilities for active participants 2021-12-31 402,392
Total participant count 2021-12-31 5
Total funding target for all participants 2021-12-31 402,392
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 30,941
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 30,941
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 422,596
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 415,363
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 394,033
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 375,110
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 375,110
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 415,363
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: OMLI, LLC CASH BALANCE PLAN & TRUST 2020 401k membership
Market value of plan assets 2020-12-31 0
Acturial value of plan assets 2020-12-31 0
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 0
Fundng target for terminated vested participants 2020-12-31 0
Active participant vested funding target 2020-12-31 0
Number of active participants 2020-12-31 5
Total funding liabilities for active participants 2020-12-31 0
Total participant count 2020-12-31 5
Total funding target for all participants 2020-12-31 0
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 414,784
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 404,369
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 373,428
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 373,428
Additional cash requirement 2020-12-31 373,428
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 404,369
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0

Measure	Date	Value
2025: OMLI, LLC CASH BALANCE PLAN & TRUST 2025 401k membership
Total number of particpants at beginning of year	2025-09-29	9
Total number of particpants at end of year	2025-09-29	9
2024: OMLI, LLC CASH BALANCE PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year	2024-06-18	8
Total number of particpants at end of year	2024-06-18	9
2022: OMLI, LLC CASH BALANCE PLAN & TRUST 2022 401k membership
Market value of plan assets	2022-12-31	774,620
Acturial value of plan assets	2022-12-31	774,620
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	0
Fundng target for terminated vested participants	2022-12-31	0
Active participant vested funding target	2022-12-31	841,265
Number of active participants	2022-12-31	8
Total funding liabilities for active participants	2022-12-31	841,265
Total participant count	2022-12-31	8
Total funding target for all participants	2022-12-31	841,265
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	40,253
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	40,253
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	450,711
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	435,526
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	425,527
Net shortfall amortization installment of oustanding balance	2022-12-31	66,645
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	431,686
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	431,686
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	435,526
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: OMLI, LLC CASH BALANCE PLAN & TRUST 2021 401k membership
Market value of plan assets	2021-12-31	421,315
Acturial value of plan assets	2021-12-31	421,315
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	0
Fundng target for terminated vested participants	2021-12-31	0
Active participant vested funding target	2021-12-31	0
Number of active participants	2021-12-31	5
Total funding liabilities for active participants	2021-12-31	402,392
Total participant count	2021-12-31	5
Total funding target for all participants	2021-12-31	402,392
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	30,941
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	30,941
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	422,596
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	415,363
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	394,033
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	375,110
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	375,110
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	415,363
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: OMLI, LLC CASH BALANCE PLAN & TRUST 2020 401k membership
Market value of plan assets	2020-12-31	0
Acturial value of plan assets	2020-12-31	0
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	0
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	0
Number of active participants	2020-12-31	5
Total funding liabilities for active participants	2020-12-31	0
Total participant count	2020-12-31	5
Total funding target for all participants	2020-12-31	0
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	414,784
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	404,369
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	373,428
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	373,428
Additional cash requirement	2020-12-31	373,428
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	404,369
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0

Financial Data on OMLI, LLC CASH BALANCE PLAN & TRUST

Measure	Date	Value
2025 : OMLI, LLC CASH BALANCE PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year	2025-09-29	0
Total liabilities as of the end of the plan year	2025-09-29	0
Total liabilities as of the beginning of the plan year	2025-09-29	0
Total expenses incurred by plan in this plan year	2025-09-29	8460
Net assets as of the end of the plan year	2025-09-29	2049775
Total assets as of the beginning of the plan year	2025-09-29	1604734
Value of plan covered by a fidelity bond	2025-09-29	200000
Participant contributions to plan in this plan year	2025-09-29	0
Other expenses paid from plan in this plan year	2025-09-29	0
Other contributions to plan in this plan year	2025-09-29	0
Other income to plan in this plan year	2025-09-29	33501
Plan net income in this plan year	2025-09-29	445041
Net assets as of the end of the plan year	2025-09-29	2049775
Net assets as of the beginning of the plan year	2025-09-29	1604734
Employer contributions to plan in this plan year	2025-09-29	420000
Expensese paid to adminstrative service provicers from plan in this plan year	2025-09-29	8460
2024 : OMLI, LLC CASH BALANCE PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year	2024-06-18	0
Total liabilities as of the end of the plan year	2024-06-18	0
Total liabilities as of the beginning of the plan year	2024-06-18	0
Total expenses incurred by plan in this plan year	2024-06-18	5330
Net assets as of the end of the plan year	2024-06-18	1604734
Total assets as of the beginning of the plan year	2024-06-18	1225331
Value of plan covered by a fidelity bond	2024-06-18	160000
Participant contributions to plan in this plan year	2024-06-18	0
Other expenses paid from plan in this plan year	2024-06-18	0
Other contributions to plan in this plan year	2024-06-18	0
Other income to plan in this plan year	2024-06-18	81168
Plan net income in this plan year	2024-06-18	379403
Net assets as of the end of the plan year	2024-06-18	1604734
Net assets as of the beginning of the plan year	2024-06-18	1225331
Employer contributions to plan in this plan year	2024-06-18	303565
Expensese paid to adminstrative service provicers from plan in this plan year	2024-06-18	5330

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Company Name:	OMLI, LLC
Employer identification number (EIN):	834515496
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages