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GB AUCTIONS, INC. HEALTH AND WELFARE BENEFITS PLAN 401k Plan overview

Plan NameGB AUCTIONS, INC. HEALTH AND WELFARE BENEFITS PLAN
Plan identification number 503

GB AUCTIONS, INC. HEALTH AND WELFARE BENEFITS PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Long-term disability cover
  • Other welfare benefit cover

401k Sponsoring company profile

GB AUCTIONS, INC. DBA DEALERS AUTO AUCTION has sponsored the creation of one or more 401k plans.

Company Name:GB AUCTIONS, INC. DBA DEALERS AUTO AUCTION
Employer identification number (EIN):911569642
NAIC Classification:423100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GB AUCTIONS, INC. HEALTH AND WELFARE BENEFITS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032022-01-01ASHLEIGH MATHEWS2023-06-16

Plan Statistics for GB AUCTIONS, INC. HEALTH AND WELFARE BENEFITS PLAN

401k plan membership statisitcs for GB AUCTIONS, INC. HEALTH AND WELFARE BENEFITS PLAN

Measure Date Value
2022: GB AUCTIONS, INC. HEALTH AND WELFARE BENEFITS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01240
Total number of active participants reported on line 7a of the Form 55002022-01-01281
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-01281
Number of employers contributing to the scheme2022-01-010

Form 5500 Responses for GB AUCTIONS, INC. HEALTH AND WELFARE BENEFITS PLAN

2022: GB AUCTIONS, INC. HEALTH AND WELFARE BENEFITS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – General assets of the sponsorYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – General assets of the sponsorYes

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number158666
Policy instance 1
Insurance contract or identification number158666
Number of Individuals Covered281
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,564
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitYes
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedEMPLOYEE ASSISTANCE PROGRAM
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees1564
Additional information about fees paid to insurance brokerCONTINGENT COMPENSATION
Insurance broker organization code?3

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