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V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameV.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN
Plan identification number 002

V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • 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

V L V ORANGE PHARMACY, INC has sponsored the creation of one or more 401k plans.

Company Name:V L V ORANGE PHARMACY, INC
Employer identification number (EIN):223518648
NAIC Classification:446110
NAIC Description:Pharmacies and Drug Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01PRAKASH MADDALI2024-06-25
0022022-01-01PRAKASH MADDALI2023-04-26
0022021-01-01PRAKASH MADDALI2022-02-23
0022020-01-01PRAKASH MADALI2021-03-21
0022019-01-01PRAKASH MADALI2020-04-24
0022018-01-01PRAKASH MADALI2019-06-29
0022017-01-01PRAKASH MADALI2018-07-31
0022016-01-01PRAKASH MADALI2017-10-09
0022015-01-01PRAKASH MADALI2016-09-21
0022014-01-01PRAKASH MADALI2015-07-04

Plan Statistics for V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN

401k plan membership statisitcs for V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN

Measure Date Value
2022: V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-312,387,535
Acturial value of plan assets2022-12-312,387,535
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-311
Fundng target for terminated vested participants2022-12-313,616
Active participant vested funding target2022-12-311,385,838
Number of active participants2022-12-319
Total funding liabilities for active participants2022-12-311,387,193
Total participant count2022-12-3110
Total funding target for all participants2022-12-311,390,809
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31546,659
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31546,659
Present value of excess contributions2022-12-31133,679
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31140,096
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31140,096
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31754,923
Total employer contributions2022-12-31142,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31140,760
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31121,269
Net shortfall amortization installment of oustanding balance2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31140,760
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-312,007,128
Acturial value of plan assets2021-12-312,007,128
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-315
Fundng target for terminated vested participants2021-12-3116,696
Active participant vested funding target2021-12-311,238,105
Number of active participants2021-12-319
Total funding liabilities for active participants2021-12-311,239,148
Total participant count2021-12-3114
Total funding target for all participants2021-12-311,255,844
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31335,098
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31335,098
Present value of excess contributions2021-12-31124,588
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31131,104
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31131,104
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31546,659
Total employer contributions2021-12-31135,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31133,679
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31125,333
Net shortfall amortization installment of oustanding balance2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31133,679
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,507,178
Acturial value of plan assets2020-12-311,507,178
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-313,792
Active participant vested funding target2020-12-311,026,283
Number of active participants2020-12-3112
Total funding liabilities for active participants2020-12-311,027,675
Total participant count2020-12-3114
Total funding target for all participants2020-12-311,031,467
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31216,300
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31216,300
Present value of excess contributions2020-12-3167,363
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3170,974
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3170,974
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31335,098
Total employer contributions2020-12-31126,400
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31124,588
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31121,652
Net shortfall amortization installment of oustanding balance2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31124,588
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,038,790
Acturial value of plan assets2019-12-311,038,790
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-311,313
Active participant vested funding target2019-12-31821,078
Number of active participants2019-12-3111
Total funding liabilities for active participants2019-12-31821,078
Total participant count2019-12-3112
Total funding target for all participants2019-12-31822,391
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31384,637
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31384,637
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-31131,566
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31216,300
Total employer contributions2019-12-31215,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31210,821
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31143,557
Net shortfall amortization installment of oustanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31143,458
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31143,458
Contributions allocatedtoward minimum required contributions for current year2019-12-31210,821
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,143,024
Acturial value of plan assets2018-12-311,143,024
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-311,591
Active participant vested funding target2018-12-31598,591
Number of active participants2018-12-3112
Total funding liabilities for active participants2018-12-31598,951
Total participant count2018-12-3113
Total funding target for all participants2018-12-31600,542
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31212,100
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31212,100
Present value of excess contributions2018-12-31134,441
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31142,185
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31142,185
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31384,637
Total employer contributions2018-12-310
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31150,986
Net shortfall amortization installment of oustanding balance2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31725,398
Acturial value of plan assets2017-12-31725,398
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31511,546
Number of active participants2017-12-3114
Total funding liabilities for active participants2017-12-31513,259
Total participant count2017-12-3114
Total funding target for all participants2017-12-31513,259
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3175,900
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3175,900
Present value of excess contributions2017-12-31141,016
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31149,421
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31149,421
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-3118,261
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31212,100
Total employer contributions2017-12-311,836,440
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31276,753
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31142,351
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31142,312
Additional cash requirement2017-12-31142,312
Contributions allocatedtoward minimum required contributions for current year2017-12-31276,753
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: V.L.V. ORANGE PHARMACY, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31357,153
Acturial value of plan assets2016-12-31357,153
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-310
Number of active participants2016-12-3114
Total funding liabilities for active participants2016-12-31280,893
Total participant count2016-12-3114
Total funding target for all participants2016-12-31280,893
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3115,368
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3115,368
Present value of excess contributions2016-12-3198,506
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31104,564
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31104,564
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-3142,380
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3175,900
Total employer contributions2016-12-31333,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31321,178
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31180,522
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31180,162
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31180,162
Contributions allocatedtoward minimum required contributions for current year2016-12-31321,178
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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