Covenant Life Management, Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Covenant Life Management, Llc 401(k) Plan Facts (plan year 2019)

Plan name
COVENANT LIFE MANAGEMENT, LLC 401(K)PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
COVENANT LIFE MANAGEMENT, LLC
Participants
799 (328 active employees)
Former employees with a balance
117
Plan assets
$2,499,943 at Dec 31, 2019
Average account balance
$10,460 across 239 accounts
Recordkeeper
The Trust Company Of Tennessee
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Jan 1, 2009
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2019 (Jan 1, 2019 – Dec 31, 2019), filed Oct 1, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $322,232 went into the plan in contributions.
  • $529,309 was paid out to participants.
  • Investment and other income added $415,223.
  • Administrative expenses were $36,659, about $153 per account.

How the Covenant Life Management, Llc 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014554$1.25 million$31,256$150,406
2015814$1.43 million$75,070$288,155
2016948$1.85 million—$245,166
2017996$2.34 million—$333,081
2018875$2.33 million—$498,392
2019799$2.50 million—$529,309

Covenant Life Management, Llc 401(k) Contact Information

Phone
423-478-5953
Mailing address
485 CENTRAL AVE. NE, CLEVELAND TN 37311
Plan sponsor
COVENANT LIFE MANAGEMENT, LLC
Employer identification number (EIN)
11-3751411
Plan number
001

Questions about the Covenant Life Management, Llc 401(k)

Is the Covenant Life Management, Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does Covenant Life Management, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Covenant Life Management, Llc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Covenant Life Management, Llc 401(k) plan?

799 participants at the start of plan year 2019, 328 of them active employees, and 117 former employees who still had money in the plan.

What is the average 401(k) balance at Covenant Life Management, Llc?

About $10,460 per account: $2.50 million in plan assets across 239 accounts with a balance at the end of plan year 2019.

Who manages the Covenant Life Management, Llc 401(k) accounts?

THE TRUST COMPANY OF TENNESSEE is the plan's recordkeeper, which is where participants log in to see their balance.

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