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LIVING CENTERS, INC. 401(K) PLAN 401k Plan overview

Plan NameLIVING CENTERS, INC. 401(K) PLAN
Plan identification number 001

LIVING CENTERS, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

LIVING CENTERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:LIVING CENTERS, INC.
Employer identification number (EIN):371122149
NAIC Classification:623000
NAIC Description: Nursing and Residential Care Facilities

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LIVING CENTERS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01

Plan Statistics for LIVING CENTERS, INC. 401(K) PLAN

401k plan membership statisitcs for LIVING CENTERS, INC. 401(K) PLAN

Measure Date Value
2022: LIVING CENTERS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01148
Total number of active participants reported on line 7a of the Form 55002022-01-010
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 participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: LIVING CENTERS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01140
Total number of active participants reported on line 7a of the Form 55002021-01-01137
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-018
Total of all active and inactive participants2021-01-01145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01145
Number of participants with account balances2021-01-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on LIVING CENTERS, INC. 401(K) PLAN

Measure Date Value
2022 : LIVING CENTERS, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-10-18$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-10-18$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-10-18$0
Total income from all sources (including contributions)2022-10-18$6,069
Total loss/gain on sale of assets2022-10-18$0
Total of all expenses incurred2022-10-18$143,868
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-10-18$137,333
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-10-18$25,467
Value of total assets at end of year2022-10-18$0
Value of total assets at beginning of year2022-10-18$137,799
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-10-18$6,535
Total interest from all sources2022-10-18$0
Total dividends received (eg from common stock, registered investment company shares)2022-10-18$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-10-18No
Was this plan covered by a fidelity bond2022-10-18No
If this is an individual account plan, was there a blackout period2022-10-18No
Were there any nonexempt tranactions with any party-in-interest2022-10-18No
Contributions received from participants2022-10-18$20,972
Income. Received or receivable in cash from other sources (including rollovers)2022-10-18$4,495
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-10-18$4
Other income not declared elsewhere2022-10-18$-1
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-10-18No
Value of net income/loss2022-10-18$-137,799
Value of net assets at end of year (total assets less liabilities)2022-10-18$0
Value of net assets at beginning of year (total assets less liabilities)2022-10-18$137,799
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-10-18No
Were any loans by the plan or fixed income obligations due to the plan in default2022-10-18No
Were any leases to which the plan was party in default or uncollectible2022-10-18No
Value of interest in common/collective trusts at beginning of year2022-10-18$137,799
Net investment gain or loss from common/collective trusts2022-10-18$-19,397
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-10-18No
Was there a failure to transmit to the plan any participant contributions2022-10-18Yes
Has the plan failed to provide any benefit when due under the plan2022-10-18No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-10-18$137,329
Contract administrator fees2022-10-18$6,535
Did the plan have assets held for investment2022-10-18No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-10-18No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-10-18Yes
Opinion of an independent qualified public accountant for this plan2022-10-18Unqualified
Accountancy firm name2022-10-18MCK CPAS & ADVISORS
Accountancy firm EIN2022-10-18371074029
2021 : LIVING CENTERS, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$101,602
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$22,371
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$18,228
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$87,487
Value of total assets at end of year2021-12-31$137,799
Value of total assets at beginning of year2021-12-31$58,568
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$4,143
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
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 bond2021-12-31No
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$81,801
Participant contributions at beginning of year2021-12-31$2,522
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$5,686
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$79,231
Value of net assets at end of year (total assets less liabilities)2021-12-31$137,799
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$58,568
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
Value of interest in common/collective trusts at end of year2021-12-31$137,799
Value of interest in common/collective trusts at beginning of year2021-12-31$56,046
Net investment gain or loss from common/collective trusts2021-12-31$14,115
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$18,228
Contract administrator fees2021-12-31$4,143
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 name2021-12-31MCK CPAS & ADVISORS
Accountancy firm EIN2021-12-31371074029

Form 5500 Responses for LIVING CENTERS, INC. 401(K) PLAN

2022: LIVING CENTERS, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LIVING CENTERS, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered0
Insurance policy start date2022-01-01
Insurance policy end date2022-10-18
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number469796
Policy instance 2
Insurance contract or identification number469796
Number of Individuals Covered0
Insurance policy start date2022-01-01
Insurance policy end date2022-10-18
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered145
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number469796
Policy instance 2
Insurance contract or identification number469796
Number of Individuals Covered145
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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