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PREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NamePREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

PREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PREMIER PARTNERS ENTERPRISE IN has sponsored the creation of one or more 401k plans.

Company Name:PREMIER PARTNERS ENTERPRISE IN
Employer identification number (EIN):262076764
NAIC Classification:446110
NAIC Description:Pharmacies and Drug Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01KRUTIKA PATEL2020-07-17
0012018-01-01RAMKRISHNA PATEL

Plan Statistics for PREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for PREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2018: PREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-0171
Total number of active participants reported on line 7a of the Form 55002018-01-0161
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0111
Total of all active and inactive participants2018-01-0172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0172
Number of participants with account balances2018-01-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on PREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2018 : PREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$135,036
Expenses. Total of all expenses incurred2018-12-31$628,426
Benefits paid (including direct rollovers)2018-12-31$622,640
Total plan assets at end of year2018-12-31$640,847
Total plan assets at beginning of year2018-12-31$1,134,237
Value of fidelity bond covering the plan2018-12-31$0
Total contributions received or receivable from participants2018-12-31$118,370
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$12,808
Net income (gross income less expenses)2018-12-31$-493,390
Net plan assets at end of year (total assets less liabilities)2018-12-31$640,847
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,134,237
Assets. Value of participant loans2018-12-31$45,069
Total contributions received or receivable from employer(s)2018-12-31$3,858
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$5,786
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Funding deficiency by the employer to the plan for this plan year2018-12-31$0
Minimum employer required contribution for this plan year2018-12-31$0
Amount contributed by the employer to the plan for this plan year2018-12-31$0

Form 5500 Responses for PREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST

2018: PREMIER PARTNERS ENTERPRISE IN 401(K) PROFIT SHARING PLAN & TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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