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FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameFAMILY AIDES, INC. RETIREMENT SAVINGS PLAN
Plan identification number 001

FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

FAMILY AIDES, INC. has sponsored the creation of one or more 401k plans.

Company Name:FAMILY AIDES, INC.
Employer identification number (EIN):112255749
NAIC Classification:621610
NAIC Description:Home Health Care Services

Additional information about FAMILY AIDES, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1972-05-09
Company Identification Number: 329600
Legal Registered Office Address: 7 TIMES SQUARE SUITE 2900
Nassau
NEW YORK
United States of America (USA)
10036

More information about FAMILY AIDES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01
0012016-01-01
0012015-01-01ROBERT SILBERING
0012014-01-01MARK TSIAMES

Plan Statistics for FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2015: FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0165
Total number of active participants reported on line 7a of the Form 55002015-01-0113
Number of retired or separated participants receiving benefits2015-01-0150
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0163
Number of participants with account balances2015-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01295
Total number of active participants reported on line 7a of the Form 55002014-01-01267
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0152
Total of all active and inactive participants2014-01-01319
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01319
Number of participants with account balances2014-01-0165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2015 : FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$-3,046
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$350,168
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$275,506
Expenses. Certain deemed distributions of participant loans2015-12-31$31,667
Value of total corrective distributions2015-12-31$23,406
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$26,637
Value of total assets at end of year2015-12-31$682,308
Value of total assets at beginning of year2015-12-31$1,035,522
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$19,589
Total interest from all sources2015-12-31$417
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$100,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$26,637
Participant contributions at end of year2015-12-31$4,650
Participant contributions at beginning of year2015-12-31$8,007
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$4,048
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-353,214
Value of net assets at end of year (total assets less liabilities)2015-12-31$682,308
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$1,035,522
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$19,589
Value of interest in pooled separate accounts at end of year2015-12-31$590,568
Value of interest in pooled separate accounts at beginning of year2015-12-31$835,359
Interest on participant loans2015-12-31$417
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$87,090
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$188,108
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-30,100
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$275,506
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31FRIEDMAN, LLP
Accountancy firm EIN2015-12-31131610809
2014 : FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$125,162
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$790,576
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$762,228
Expenses. Certain deemed distributions of participant loans2014-12-31$3,162
Value of total corrective distributions2014-12-31$12,775
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$98,276
Value of total assets at end of year2014-12-31$1,035,522
Value of total assets at beginning of year2014-12-31$1,700,936
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$12,411
Total interest from all sources2014-12-31$375
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$100,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$58,546
Participant contributions at end of year2014-12-31$8,007
Participant contributions at beginning of year2014-12-31$17,916
Participant contributions at end of year2014-12-31$4,048
Participant contributions at beginning of year2014-12-31$2,732
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$39,730
Other income not declared elsewhere2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-665,414
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,035,522
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,700,936
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in pooled separate accounts at end of year2014-12-31$835,359
Value of interest in pooled separate accounts at beginning of year2014-12-31$0
Interest on participant loans2014-12-31$375
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$188,108
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$1,680,288
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$26,511
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$762,228
Contract administrator fees2014-12-31$12,411
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31KAMIL EL-DIERY & ASSOCIATES LLC
Accountancy firm EIN2014-12-31800661414

Form 5500 Responses for FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN

2015: FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FAMILY AIDES, INC. RETIREMENT SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

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