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1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN
Plan identification number 001

1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING 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.
  • 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

1ST PET VETERINARY CENTERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:1ST PET VETERINARY CENTERS, INC.
Employer identification number (EIN):872027308
NAIC Classification:541940
NAIC Description:Veterinary Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01

Plan Statistics for 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN

Measure Date Value
2023: 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01273
Total number of active participants reported on line 7a of the Form 55002023-01-01231
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0118
Total of all active and inactive participants2023-01-01249
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01249
Number of participants with account balances2023-01-01152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-018
2022: 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01288
Total number of active participants reported on line 7a of the Form 55002022-01-01273
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0121
Total of all active and inactive participants2022-01-01294
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01294
Number of participants with account balances2022-01-01187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0117

Financial Data on 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$1,077,206
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$289,946
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$258,050
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$451,672
Value of total assets at end of year2023-12-31$3,970,447
Value of total assets at beginning of year2023-12-31$3,183,187
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$31,896
Total interest from all sources2023-12-31$292
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$9,701
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$9,701
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$400,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$450,956
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$716
Other income not declared elsewhere2023-12-31$33
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$787,260
Value of net assets at end of year (total assets less liabilities)2023-12-31$3,970,447
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$3,183,187
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$621,230
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$422,462
Value of interest in pooled separate accounts at end of year2023-12-31$3,339,963
Value of interest in pooled separate accounts at beginning of year2023-12-31$2,756,837
Interest earned on other investments2023-12-31$292
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$9,254
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$3,888
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$100,094
Net investment gain/loss from pooled separate accounts2023-12-31$515,414
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$258,050
Contract administrator fees2023-12-31$31,896
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31EVERS ROBINSON LTD.
Accountancy firm EIN2023-12-31860715183
2022 : 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-286,561
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$171,591
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$142,972
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$590,887
Value of total assets at end of year2022-12-31$3,183,187
Value of total assets at beginning of year2022-12-31$3,641,339
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$28,619
Total interest from all sources2022-12-31$18
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$10,150
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$10,150
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$400,000
If this is an individual account plan, was there a blackout period2022-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$460,041
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$130,846
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$3,305
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-458,152
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,183,187
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$3,641,339
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$422,462
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$3,640,370
Value of interest in pooled separate accounts at end of year2022-12-31$2,756,837
Interest earned on other investments2022-12-31$17
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$969
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$969
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$1
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$3,888
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-836,932
Net investment gain/loss from pooled separate accounts2022-12-31$-50,684
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$139,667
Contract administrator fees2022-12-31$28,619
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31Yes
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31EVERS ROBINSON LTD
Accountancy firm EIN2022-12-31860715183

Form 5500 Responses for 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN

2023: 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: 1ST PET VETERINARY CENTERS 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
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

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 Covered249
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
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 number633511
Policy instance 2
Insurance contract or identification number633511
Number of Individuals Covered249
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
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
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 Covered294
Insurance policy start date2022-07-01
Insurance policy end date2022-12-31
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 number633511
Policy instance 2
Insurance contract or identification number633511
Number of Individuals Covered294
Insurance policy start date2022-07-01
Insurance policy end date2022-12-31
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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