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AVELO AIRLINES INC LIFE AND DISABILITY PLAN 401k Plan overview

Plan NameAVELO AIRLINES INC LIFE AND DISABILITY PLAN
Plan identification number 503

AVELO AIRLINES INC LIFE AND DISABILITY PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

AVELO AIRLINES, INC. has sponsored the creation of one or more 401k plans.

Company Name:AVELO AIRLINES, INC.
Employer identification number (EIN):911387913
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AVELO AIRLINES INC LIFE AND DISABILITY PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032022-06-01VICTORIA STENNES2023-11-14
5032021-06-01HUNTER KEAY2023-01-04

Plan Statistics for AVELO AIRLINES INC LIFE AND DISABILITY PLAN

401k plan membership statisitcs for AVELO AIRLINES INC LIFE AND DISABILITY PLAN

Measure Date Value
2022: AVELO AIRLINES INC LIFE AND DISABILITY PLAN 2022 401k membership
Total participants, beginning-of-year2022-06-01261
Total number of active participants reported on line 7a of the Form 55002022-06-01606
Number of retired or separated participants receiving benefits2022-06-012
Number of other retired or separated participants entitled to future benefits2022-06-01153
Total of all active and inactive participants2022-06-01761
Number of employers contributing to the scheme2022-06-010
2021: AVELO AIRLINES INC LIFE AND DISABILITY PLAN 2021 401k membership
Total participants, beginning-of-year2021-06-01116
Total number of active participants reported on line 7a of the Form 55002021-06-01241
Number of retired or separated participants receiving benefits2021-06-011
Number of other retired or separated participants entitled to future benefits2021-06-0113
Total of all active and inactive participants2021-06-01255
Number of employers contributing to the scheme2021-06-010

Form 5500 Responses for AVELO AIRLINES INC LIFE AND DISABILITY PLAN

2022: AVELO AIRLINES INC LIFE AND DISABILITY PLAN 2022 form 5500 responses
2022-06-01Type of plan entitySingle employer plan
2022-06-01Plan funding arrangement – InsuranceYes
2022-06-01Plan benefit arrangement – InsuranceYes
2021: AVELO AIRLINES INC LIFE AND DISABILITY PLAN 2021 form 5500 responses
2021-06-01Type of plan entitySingle employer plan
2021-06-01First time form 5500 has been submittedYes
2021-06-01Plan funding arrangement – InsuranceYes
2021-06-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

SYMETRA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68608 )
Policy contract number01-020292-00
Policy instance 1
Insurance contract or identification number01-020292-00
Number of Individuals Covered606
Insurance policy start date2022-06-01
Insurance policy end date2023-05-31
Total amount of commissions paid to insurance brokerUSD $162,017
Total amount of fees paid to insurance companyUSD $64,132
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $857,297
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $81,009
Amount paid for insurance broker fees64132
Additional information about fees paid to insurance brokerGROUP SUPPLEMENTAL COMMISSIONS
Insurance broker organization code?3
SYMETRA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68608 )
Policy contract number01-020292-00
Policy instance 1
Insurance contract or identification number01-020292-00
Number of Individuals Covered378
Insurance policy start date2021-06-01
Insurance policy end date2022-05-31
Total amount of commissions paid to insurance brokerUSD $20,469
Total amount of fees paid to insurance companyUSD $2,334
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT
Welfare Benefit Premiums Paid to CarrierUSD $366,672
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $20,469
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerGROUP SUPPLEMENTAL COMMISSIONS

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