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BRIGHTSTAR CARE 401(K) PLAN 401k Plan overview

Plan NameBRIGHTSTAR CARE 401(K) PLAN
Plan identification number 001

BRIGHTSTAR CARE 401(K) PLAN 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.

401k Sponsoring company profile

ALTUS HEALTH, INC. DBA BRIGHTSTAR CARE has sponsored the creation of one or more 401k plans.

Company Name:ALTUS HEALTH, INC. DBA BRIGHTSTAR CARE
Employer identification number (EIN):262663633
NAIC Classification:621610
NAIC Description:Home Health Care Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BRIGHTSTAR CARE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01IGNACIO CESPEDES2024-10-01
0012022-01-01IGNACIO CESPEDES2023-10-03
0012021-01-01
0012020-01-01IGNACIO CESPEDES2021-07-15
0012019-01-01IGNACIO CESPEDES2020-07-31
0012018-01-01IGNACIO CESPEDES2019-10-15
0012017-01-01IGNACIO CESPEDES2018-10-11
0012016-01-01IGNACIO CESPEDES2017-10-12
0012016-01-01IGNACIO CESPEDES2017-11-14
0012015-01-01IGNACIO CESPEDES2016-10-17
0012014-01-01IGNACIO CESPEDES2015-10-07

Plan Statistics for BRIGHTSTAR CARE 401(K) PLAN

401k plan membership statisitcs for BRIGHTSTAR CARE 401(K) PLAN

Measure Date Value
2021: BRIGHTSTAR CARE 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01137
Total number of active participants reported on line 7a of the Form 55002021-01-0172
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0124
Total of all active and inactive participants2021-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0196
Number of participants with account balances2021-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0115

Financial Data on BRIGHTSTAR CARE 401(K) PLAN

Measure Date Value
2021 : BRIGHTSTAR CARE 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$561,273
Total of all expenses incurred2021-12-31$95,175
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$87,567
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$371,434
Value of total assets at end of year2021-12-31$2,163,099
Value of total assets at beginning of year2021-12-31$1,697,001
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$7,608
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$200,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$142,741
Participant contributions at end of year2021-12-31$1,973
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$4,353
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$466,098
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,163,099
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,697,001
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$7,608
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$1,903,118
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$1,466,326
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$76,030
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$8,625
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$8,625
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$189,839
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$224,340
Employer contributions (assets) at end of year2021-12-31$181,978
Employer contributions (assets) at beginning of year2021-12-31$222,050
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$87,567
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31LEE CPA AUDIT GROUP
Accountancy firm EIN2021-12-31814637885

Form 5500 Responses for BRIGHTSTAR CARE 401(K) PLAN

2021: BRIGHTSTAR CARE 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

Potentially related plans

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