OLGOONIK LOGISTICS, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan OLGOONIK LOGISTICS, LLC INSURANCE AND HEALTH REIMBURSEMENT PLAN
401k plan membership statisitcs for OLGOONIK LOGISTICS, LLC INSURANCE AND HEALTH REIMBURSEMENT PLAN
| Measure | Date | Value |
|---|
| 2011 : OLGOONIK LOGISTICS, LLC INSURANCE AND HEALTH REIMBURSEMENT PLAN 2011 401k financial data |
|---|
| Total income from all sources (including contributions) | 2011-10-31 | $1,219,100 |
| Total of all expenses incurred | 2011-10-31 | $1,158,795 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-10-31 | $860,696 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-10-31 | $1,219,100 |
| Value of total assets at end of year | 2011-10-31 | $337,535 |
| Value of total assets at beginning of year | 2011-10-31 | $277,230 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-10-31 | $298,099 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-10-31 | No |
| Was this plan covered by a fidelity bond | 2011-10-31 | Yes |
| Value of fidelity bond cover | 2011-10-31 | $40,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-10-31 | No |
| Contributions received from participants | 2011-10-31 | $412 |
| Administrative expenses (other) incurred | 2011-10-31 | $298,099 |
| Total non interest bearing cash at end of year | 2011-10-31 | $337,535 |
| Total non interest bearing cash at beginning of year | 2011-10-31 | $277,230 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-10-31 | No |
| Value of net income/loss | 2011-10-31 | $60,305 |
| Value of net assets at end of year (total assets less liabilities) | 2011-10-31 | $337,535 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-10-31 | $277,230 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-10-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-10-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-10-31 | No |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2011-10-31 | $684,215 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-10-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2011-10-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-10-31 | No |
| Contributions received in cash from employer | 2011-10-31 | $1,218,688 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-10-31 | $176,481 |
| Did the plan have assets held for investment | 2011-10-31 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-10-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-10-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-10-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2011-10-31 | Unqualified |
| Accountancy firm name | 2011-10-31 | AVERETT WARMUS DURKEE OSBURN HENNIN |
| Accountancy firm EIN | 2011-10-31 | 593214308 |
| 2010 : OLGOONIK LOGISTICS, LLC INSURANCE AND HEALTH REIMBURSEMENT PLAN 2010 401k financial data |
|---|
| Total income from all sources (including contributions) | 2010-10-31 | $1,290,996 |
| Total of all expenses incurred | 2010-10-31 | $1,116,526 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-10-31 | $809,983 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-10-31 | $1,290,996 |
| Value of total assets at end of year | 2010-10-31 | $277,230 |
| Value of total assets at beginning of year | 2010-10-31 | $102,760 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-10-31 | $306,543 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-10-31 | No |
| Was this plan covered by a fidelity bond | 2010-10-31 | No |
| If this is an individual account plan, was there a blackout period | 2010-10-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2010-10-31 | No |
| Administrative expenses (other) incurred | 2010-10-31 | $306,543 |
| Total non interest bearing cash at end of year | 2010-10-31 | $277,230 |
| Total non interest bearing cash at beginning of year | 2010-10-31 | $102,760 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-10-31 | No |
| Value of net income/loss | 2010-10-31 | $174,470 |
| Value of net assets at end of year (total assets less liabilities) | 2010-10-31 | $277,230 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-10-31 | $102,760 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-10-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-10-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-10-31 | No |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2010-10-31 | $710,341 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-10-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-10-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-10-31 | No |
| Contributions received in cash from employer | 2010-10-31 | $1,290,996 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-10-31 | $99,642 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-10-31 | No |
| Did the plan have assets held for investment | 2010-10-31 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-10-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-10-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-10-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2010-10-31 | Unqualified |
| Accountancy firm name | 2010-10-31 | AVERETT WARMUS DURKEE OSBURN HENNIN |
| Accountancy firm EIN | 2010-10-31 | 593214308 |
| 2009 : OLGOONIK LOGISTICS, LLC INSURANCE AND HEALTH REIMBURSEMENT PLAN 2009 401k financial data |
|---|
| Total plan liabilities at end of year | 2009-10-31 | $0 |
| Total plan liabilities at beginning of year | 2009-10-31 | $0 |
| Total income from all sources | 2009-10-31 | $853,686 |
| Expenses. Total of all expenses incurred | 2009-10-31 | $750,926 |
| Benefits paid (including direct rollovers) | 2009-10-31 | $543,030 |
| Total plan assets at end of year | 2009-10-31 | $102,760 |
| Total plan assets at beginning of year | 2009-10-31 | $0 |
| Net income (gross income less expenses) | 2009-10-31 | $102,760 |
| Net plan assets at end of year (total assets less liabilities) | 2009-10-31 | $102,760 |
| Net plan assets at beginning of year (total assets less liabilities) | 2009-10-31 | $0 |
| Total contributions received or receivable from employer(s) | 2009-10-31 | $853,686 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2009-10-31 | $207,896 |
| EYEMED VISION CARE (National Association of Insurance Commissioners NAIC id number: 71870 ) |
| Policy contract number | PD-313CG001 |
| Policy instance | 1 |
| Insurance contract or identification number | PD-313CG001 | | Number of Individuals Covered | 16 | | Insurance policy start date | 2010-11-01 | | Insurance policy end date | 2011-10-31 | | Total amount of commissions paid to insurance broker | USD $12,149 | | Total amount of fees paid to insurance company | USD $0 | | Contract purchased, in whole or in part, to distribute benefits from a terminating plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | Welfare Benefit Premiums Paid to Carrier | USD $64,478 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $9,345 | | Insurance broker organization code? | 3 | | Insurance broker name | BENEFIT SPECIALISTS INC |
|
| TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 ) |
| Policy contract number | CGECG001 |
| Policy instance | 2 |
| Insurance contract or identification number | CGECG001 | | Number of Individuals Covered | 16 | | Insurance policy start date | 2010-11-01 | | Insurance policy end date | 2011-10-31 | | Total amount of commissions paid to insurance broker | USD $123,406 | | Total amount of fees paid to insurance company | USD $60,786 | | Contract purchased, in whole or in part, to distribute benefits from a terminating plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | Health Insurance Welfare Benefit | Yes | | Dental Insurance Welfare Benefit | Yes | | Life Insurance Welfare Benefit | Yes | | Temporary Disability Insurance Welfare Benefit | Yes | | Welfare Benefit Premiums Paid to Carrier | USD $403,645 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $123,406 | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 36157 | | Additional information about fees paid to insurance broker | SERVICE FEES | | Insurance broker name | WEB TPA EMPLOYER SERVICES LLC |
|
| LLOYD'S OF LONDON (National Association of Insurance Commissioners NAIC id number: AA-11 ) |
| Policy contract number | 20016300 |
| Policy instance | 3 |
| Insurance contract or identification number | 20016300 | | Number of Individuals Covered | 16 | | Insurance policy start date | 2010-11-01 | | Insurance policy end date | 2011-10-31 | | Total amount of commissions paid to insurance broker | USD $16,052 | | Total amount of fees paid to insurance company | USD $4,775 | | Contract purchased, in whole or in part, to distribute benefits from a terminating plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | Life Insurance Welfare Benefit | Yes | | Temporary Disability Insurance Welfare Benefit | Yes | | Welfare Benefit Premiums Paid to Carrier | USD $216,091 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $16,052 | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 4775 | | Additional information about fees paid to insurance broker | SERVICE FEES | | Insurance broker name | NATIONAL EMPLOYEE BENEFITS COMPANY |
|
| LLOYD'S OF LONDON (National Association of Insurance Commissioners NAIC id number: AA-11 ) |
| Policy contract number | 20016300 |
| Policy instance | 1 |
| Insurance contract or identification number | 20016300 | | Number of Individuals Covered | 191 | | Insurance policy start date | 2009-11-01 | | Insurance policy end date | 2010-10-31 | | Total amount of commissions paid to insurance broker | USD $16,880 | | Total amount of fees paid to insurance company | USD $15,402 | | Contract purchased, in whole or in part, to distribute benefits from a terminating plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | Life Insurance Welfare Benefit | Yes | | Temporary Disability Insurance Welfare Benefit | Yes | | Welfare Benefit Premiums Paid to Carrier | USD $227,406 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $16,880 | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 15402 | | Additional information about fees paid to insurance broker | SERVICE | | Insurance broker name | NATIONAL EMPLOYEE BENEFIT COMPANY |
|
| TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 ) |
| Policy contract number | CGECG001 |
| Policy instance | 2 |
| Insurance contract or identification number | CGECG001 | | Number of Individuals Covered | 191 | | Insurance policy start date | 2009-11-01 | | Insurance policy end date | 2010-10-31 | | Total amount of commissions paid to insurance broker | USD $129,886 | | Total amount of fees paid to insurance company | USD $65,338 | | Contract purchased, in whole or in part, to distribute benefits from a terminating plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | Health Insurance Welfare Benefit | Yes | | Dental Insurance Welfare Benefit | Yes | | Life Insurance Welfare Benefit | Yes | | Temporary Disability Insurance Welfare Benefit | Yes | | Welfare Benefit Premiums Paid to Carrier | USD $415,634 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $129,886 | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 35334 | | Additional information about fees paid to insurance broker | SERVICE FEES | | Insurance broker name | WEB TPA EMPLOYER SERVICES, LLC |
|
| EYEMED VISION CARE (National Association of Insurance Commissioners NAIC id number: 71870 ) |
| Policy contract number | PD-313CG001 |
| Policy instance | 3 |
| Insurance contract or identification number | PD-313CG001 | | Number of Individuals Covered | 191 | | Insurance policy start date | 2009-11-01 | | Insurance policy end date | 2010-10-31 | | Total amount of commissions paid to insurance broker | USD $12,680 | | Total amount of fees paid to insurance company | USD $0 | | Contract purchased, in whole or in part, to distribute benefits from a terminating plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | Welfare Benefit Premiums Paid to Carrier | USD $67,300 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $9,754 | | Insurance broker organization code? | 3 | | Insurance broker name | BENEFIT SPECIALISTS, INC |
|
| EYEMED VISION CARE (National Association of Insurance Commissioners NAIC id number: 71870 ) |
| Policy contract number | PD-313CG001 |
| Policy instance | 1 |
| Insurance contract or identification number | PD-313CG001 | | Number of Individuals Covered | 96 | | Insurance policy start date | 2008-11-01 | | Insurance policy end date | 2009-10-31 | | Total amount of commissions paid to insurance broker | USD $6,735 | | Total amount of fees paid to insurance company | USD $0 | | Contract purchased, in whole or in part, to distribute benefits from a terminating plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | Welfare Benefit Premiums Paid to Carrier | USD $28,091 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $3,886 | | Insurance broker organization code? | 3 | | Insurance broker name | BENEFIT SPECIALISTS, INC |
|
| TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 ) |
| Policy contract number | CGECG001 |
| Policy instance | 2 |
| Insurance contract or identification number | CGECG001 | | Number of Individuals Covered | 96 | | Insurance policy start date | 2008-11-01 | | Insurance policy end date | 2009-10-31 | | Total amount of commissions paid to insurance broker | USD $87,463 | | Total amount of fees paid to insurance company | USD $54,455 | | Contract purchased, in whole or in part, to distribute benefits from a terminating plan | No | | Contracts With Unallocated Funds Deposit Administration | 0 | | Health Insurance Welfare Benefit | Yes | | Dental Insurance Welfare Benefit | Yes | | Life Insurance Welfare Benefit | Yes | | Temporary Disability Insurance Welfare Benefit | Yes | | Welfare Benefit Premiums Paid to Carrier | USD $302,448 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $87,463 | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 31075 | | Additional information about fees paid to insurance broker | SERVICE FEES | | Insurance broker name | WEB TPA EMPLOYER SERVICES, LLC |
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