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INNOVATIVE DATA PROCESSING SOLUTIONS LLC BENEFIT PLAN 401k Plan overview

Plan NameINNOVATIVE DATA PROCESSING SOLUTIONS LLC BENEFIT PLAN
Plan identification number 501

INNOVATIVE DATA PROCESSING SOLUTIONS LLC BENEFIT PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • 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

INNOVATIVE DATA PROCESSING SOLUTIONS LLC has sponsored the creation of one or more 401k plans.

Company Name:INNOVATIVE DATA PROCESSING SOLUTIONS LLC
Employer identification number (EIN):874703972
NAIC Classification:518210
NAIC Description:Data Processing, Hosting, and Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INNOVATIVE DATA PROCESSING SOLUTIONS LLC BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012022-07-01

Plan Statistics for INNOVATIVE DATA PROCESSING SOLUTIONS LLC BENEFIT PLAN

401k plan membership statisitcs for INNOVATIVE DATA PROCESSING SOLUTIONS LLC BENEFIT PLAN

Measure Date Value
2022: INNOVATIVE DATA PROCESSING SOLUTIONS LLC BENEFIT PLAN 2022 401k membership
Total participants, beginning-of-year2022-07-01111
Total number of active participants reported on line 7a of the Form 55002022-07-01105
Number of retired or separated participants receiving benefits2022-07-012
Number of other retired or separated participants entitled to future benefits2022-07-010
Total of all active and inactive participants2022-07-01107

Form 5500 Responses for INNOVATIVE DATA PROCESSING SOLUTIONS LLC BENEFIT PLAN

2022: INNOVATIVE DATA PROCESSING SOLUTIONS LLC BENEFIT PLAN 2022 form 5500 responses
2022-07-01Type of plan entitySingle employer plan
2022-07-01First time form 5500 has been submittedYes
2022-07-01Plan funding arrangement – InsuranceYes
2022-07-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

EXCELLUS BLUE CROSS/BLUE SHIELD PLAN (National Association of Insurance Commissioners NAIC id number: 55107 )
Policy contract number00312663
Policy instance 1
Insurance contract or identification number00312663
Number of Individuals Covered91
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $41,976
Health Insurance Welfare BenefitYes
Dental Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $1,052,308
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $41,976
Insurance broker organization code?3
EXCELLUS BLUE CROSS/BLUE SHIELD PLAN (National Association of Insurance Commissioners NAIC id number: 55107 )
Policy contract number00101485
Policy instance 2
Insurance contract or identification number00101485
Number of Individuals Covered65
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $4,997
Dental Insurance Welfare BenefitYes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,997
Insurance broker organization code?3
METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract numberTM05937401
Policy instance 3
Insurance contract or identification numberTM05937401
Number of Individuals Covered271
Insurance policy start date2022-07-01
Insurance policy end date2023-06-30
Total amount of commissions paid to insurance brokerUSD $9,684
Total amount of fees paid to insurance companyUSD $1,393
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH & DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $110,792
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,860
Insurance broker organization code?3
Amount paid for insurance broker fees399

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