DOUBLE B PHARMACEUTICALS INC DEFINED BENEFIT PENSION PLAN 401k Plan overview

DOUBLE B PHARMACEUTICALS INC DEFINED BENEFIT PENSION PLAN Benefits

401k Sponsoring company profile

Company Name:	DOUBLE B PHARMACEUTICALS INC
Employer identification number (EIN):	680241208
NAIC Classification:	446110
NAIC Description:	Pharmacies and Drug Stores

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2020-05-01
002	2019-05-01
002	2018-05-01

Plan Statistics for DOUBLE B PHARMACEUTICALS INC DEFINED BENEFIT PENSION PLAN

Measure	Date	Value
2020: DOUBLE B PHARMACEUTICALS INC DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets	2020-07-31	733,006
Acturial value of plan assets	2020-07-31	733,006
Funding target for retired participants and beneficiaries receiving payment	2020-07-31	0
Number of terminated vested participants	2020-07-31	0
Fundng target for terminated vested participants	2020-07-31	0
Active participant vested funding target	2020-07-31	772,345
Number of active participants	2020-07-31	2
Total funding liabilities for active participants	2020-07-31	772,345
Total participant count	2020-07-31	2
Total funding target for all participants	2020-07-31	772,345
Balance at beginning of prior year after applicable adjustments	2020-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-07-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-07-31	0
Prefunding balanced used to offset prior years funding requirement	2020-07-31	0
Amount remaining of carryover balance	2020-07-31	0
Amount remaining of prefunding balance	2020-07-31	0
Present value of excess contributions	2020-07-31	73,851
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-07-31	73,851
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-07-31	0
Reductions in caryover balances due to elections or deemed elections	2020-07-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-07-31	0
Balance of carryovers at beginning of current year	2020-07-31	0
Balance of prefunding at beginning of current year	2020-07-31	0
Total employer contributions	2020-07-31	5,000
Total employee contributions	2020-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-07-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-07-31	4,976
Liquidity shortfalls end of Q1	2020-07-31	0
Liquidity shortfalls end of Q2	2020-07-31	0
Liquidity shortfalls end of Q3	2020-07-31	0
Liquidity shortfalls end of Q4	2020-07-31	0
Unpaid minimum required contributions for all prior years	2020-07-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-07-31	0
Remaining amount of unpaid minimum required contributions	2020-07-31	0
Minimum required contributions for current year target normal cost	2020-07-31	0
Net shortfall amortization installment of oustanding balance	2020-07-31	39,339
Waiver amortization installment	2020-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-07-31	3,574
Additional cash requirement	2020-07-31	3,574
Contributions allocatedtoward minimum required contributions for current year	2020-07-31	4,976
Unpaid minimum required contributions for current year	2020-07-31	0
Unpaid minimum required contributions for all years	2020-07-31	0
Market value of plan assets	2020-04-30	377,049
Acturial value of plan assets	2020-04-30	377,049
Funding target for retired participants and beneficiaries receiving payment	2020-04-30	0
Number of terminated vested participants	2020-04-30	0
Fundng target for terminated vested participants	2020-04-30	0
Active participant vested funding target	2020-04-30	510,890
Number of active participants	2020-04-30	2
Total funding liabilities for active participants	2020-04-30	510,890
Total participant count	2020-04-30	2
Total funding target for all participants	2020-04-30	510,890
Balance at beginning of prior year after applicable adjustments	2020-04-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-04-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-04-30	0
Prefunding balanced used to offset prior years funding requirement	2020-04-30	0
Amount remaining of carryover balance	2020-04-30	0
Amount remaining of prefunding balance	2020-04-30	0
Present value of excess contributions	2020-04-30	121,149
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-04-30	121,149
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-04-30	0
Reductions in caryover balances due to elections or deemed elections	2020-04-30	0
Reductions in prefunding balances due to elections or deemed elections	2020-04-30	0
Balance of carryovers at beginning of current year	2020-04-30	0
Balance of prefunding at beginning of current year	2020-04-30	0
Total employer contributions	2020-04-30	350,000
Total employee contributions	2020-04-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-04-30	0
Contributions made to avoid restrictions adjusted to valuation date	2020-04-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-04-30	355,475
Liquidity shortfalls end of Q1	2020-04-30	0
Liquidity shortfalls end of Q2	2020-04-30	0
Liquidity shortfalls end of Q3	2020-04-30	0
Liquidity shortfalls end of Q4	2020-04-30	0
Unpaid minimum required contributions for all prior years	2020-04-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-04-30	0
Remaining amount of unpaid minimum required contributions	2020-04-30	0
Minimum required contributions for current year target normal cost	2020-04-30	255,447
Net shortfall amortization installment of oustanding balance	2020-04-30	133,841
Waiver amortization installment	2020-04-30	0
Total funding amount beforereflecting carryover/prefunding balances	2020-04-30	281,624
Additional cash requirement	2020-04-30	281,624
Contributions allocatedtoward minimum required contributions for current year	2020-04-30	355,475
Unpaid minimum required contributions for current year	2020-04-30	0
Unpaid minimum required contributions for all years	2020-04-30	0
2019: DOUBLE B PHARMACEUTICALS INC DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets	2019-04-30	0
Acturial value of plan assets	2019-04-30	0
Funding target for retired participants and beneficiaries receiving payment	2019-04-30	0
Number of terminated vested participants	2019-04-30	4
Fundng target for terminated vested participants	2019-04-30	8,454
Active participant vested funding target	2019-04-30	219,829
Number of active participants	2019-04-30	2
Total funding liabilities for active participants	2019-04-30	219,829
Total participant count	2019-04-30	6
Total funding target for all participants	2019-04-30	228,283
Balance at beginning of prior year after applicable adjustments	2019-04-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-04-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-04-30	0
Prefunding balanced used to offset prior years funding requirement	2019-04-30	0
Amount remaining of carryover balance	2019-04-30	0
Amount remaining of prefunding balance	2019-04-30	0
Present value of excess contributions	2019-04-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-04-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-04-30	0
Reductions in caryover balances due to elections or deemed elections	2019-04-30	0
Reductions in prefunding balances due to elections or deemed elections	2019-04-30	0
Balance of carryovers at beginning of current year	2019-04-30	0
Balance of prefunding at beginning of current year	2019-04-30	0
Total employer contributions	2019-04-30	434,358
Total employee contributions	2019-04-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-04-30	0
Contributions made to avoid restrictions adjusted to valuation date	2019-04-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-04-30	429,217
Unpaid minimum required contributions for all prior years	2019-04-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-04-30	0
Remaining amount of unpaid minimum required contributions	2019-04-30	0
Minimum required contributions for current year target normal cost	2019-04-30	270,801
Net shortfall amortization installment of oustanding balance	2019-04-30	228,283
Waiver amortization installment	2019-04-30	0
Total funding amount beforereflecting carryover/prefunding balances	2019-04-30	308,068
Carryover balance elected to use to offset funding requirement	2019-04-30	0
Prefunding balance elected to use to offset funding requirement	2019-04-30	0
Additional cash requirement	2019-04-30	308,068
Contributions allocatedtoward minimum required contributions for current year	2019-04-30	429,217
Unpaid minimum required contributions for current year	2019-04-30	0
Unpaid minimum required contributions for all years	2019-04-30	0

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