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ADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN 401k Plan overview

Plan NameADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN
Plan identification number 001

ADAPT OF THE HUDSON VALLEY, INC. 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.
  • 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

ADAPT OF THE HUDSON VALLEY has sponsored the creation of one or more 401k plans.

Company Name:ADAPT OF THE HUDSON VALLEY
Employer identification number (EIN):862864372
NAIC Classification:621498
NAIC Description:All Other Outpatient Care Centers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-07-01

Plan Statistics for ADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN

401k plan membership statisitcs for ADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN

Measure Date Value
2022: ADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-07-01510
Total number of active participants reported on line 7a of the Form 55002022-07-01542
Number of retired or separated participants receiving benefits2022-07-010
Number of other retired or separated participants entitled to future benefits2022-07-010
Total of all active and inactive participants2022-07-01542
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-07-010
Total participants2022-07-01542
Number of participants with account balances2022-07-0188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-07-010

Financial Data on ADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN

Measure Date Value
2023 : ADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-06-30$0
Total income from all sources (including contributions)2023-06-30$569,907
Total loss/gain on sale of assets2023-06-30$0
Total of all expenses incurred2023-06-30$1,080
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-06-30$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-06-30$567,150
Value of total assets at end of year2023-06-30$568,827
Value of total assets at beginning of year2023-06-30$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-06-30$1,080
Total interest from all sources2023-06-30$343
Total dividends received (eg from common stock, registered investment company shares)2023-06-30$180
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-06-30No
Was this plan covered by a fidelity bond2023-06-30Yes
Value of fidelity bond cover2023-06-30$500,000
If this is an individual account plan, was there a blackout period2023-06-30No
Were there any nonexempt tranactions with any party-in-interest2023-06-30No
Contributions received from participants2023-06-30$61,008
Income. Received or receivable in cash from other sources (including rollovers)2023-06-30$30,385
Total non interest bearing cash at end of year2023-06-30$0
Total non interest bearing cash at beginning of year2023-06-30$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-06-30No
Value of net income/loss2023-06-30$568,827
Value of net assets at end of year (total assets less liabilities)2023-06-30$568,827
Value of net assets at beginning of year (total assets less liabilities)2023-06-30$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2023-06-30No
Were any leases to which the plan was party in default or uncollectible2023-06-30No
Investment advisory and management fees2023-06-30$30
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-06-30$93,070
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-06-30$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-06-30$343
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-06-30$2,234
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-06-30No
Was there a failure to transmit to the plan any participant contributions2023-06-30No
Has the plan failed to provide any benefit when due under the plan2023-06-30No
Contributions received in cash from employer2023-06-30$475,757
Employer contributions (assets) at end of year2023-06-30$475,757
Employer contributions (assets) at beginning of year2023-06-30$0
Income. Dividends from preferred stock2023-06-30$180
Contract administrator fees2023-06-30$1,050
Did the plan have assets held for investment2023-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-06-30No
Opinion of an independent qualified public accountant for this plan2023-06-30Unqualified
Accountancy firm name2023-06-30BONADIO & CO, LLP
Accountancy firm EIN2023-06-30161131146

Form 5500 Responses for ADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN

2022: ADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN 2022 form 5500 responses
2022-07-01Type of plan entitySingle employer plan
2022-07-01First time form 5500 has been submittedYes
2022-07-01Submission has been amendedNo
2022-07-01This submission is the final filingNo
2022-07-01This return/report is a short plan year return/report (less than 12 months)No
2022-07-01Plan is a collectively bargained planNo
2022-07-01Plan funding arrangement – TrustYes
2022-07-01Plan benefit arrangement - TrustYes

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