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EUROMED USA, INC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameEUROMED USA, INC 401(K) PROFIT SHARING PLAN
Plan identification number 001

EUROMED USA, INC 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

EUROMED USA, INC. has sponsored the creation of one or more 401k plans.

Company Name:EUROMED USA, INC.
Employer identification number (EIN):232896099
NAIC Classification:424990
NAIC Description:Other Miscellaneous Nondurable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EUROMED USA, INC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOANNE PALADINO2023-06-06
0012021-01-01JOANNE PALADINO2022-07-14
0012020-01-01AURELIA GOMEZ2021-07-29
0012019-01-01AURELIA GOMEZ2020-10-29
0012018-01-01AURELIA GOMEZ2019-03-12 AURELIA GOMEZ2019-03-12
0012017-01-01AURELIA GOMEZ2018-02-23 AURELIA GOMEZ2018-02-23
0012016-01-01AURELIA GOMEZ2017-02-10 AURELIA GOMEZ2017-02-10
0012015-01-01JOSEPH VEILLEUX2016-04-20 JOSEPH VEILLEUX2016-04-20
0012014-01-01JOSEPH VEILLEUX2015-03-24 JOSEPH VEILLEUX2015-03-24
0012013-01-01JOSEPH VEILLEUX2014-03-26 JOSEPH VEILLEUX2014-03-26
0012012-01-01JOSEPH VEILLEUX JOSEPH VEILLEUX2013-07-10
0012011-01-01JOSEPH VEILLEUX2012-02-23 JOSEPH VEILLEUX2012-02-23
0012010-01-01JOSEPH VEILLEUX2011-06-15 JOSEPH VEILLEUX2011-06-15

Plan Statistics for EUROMED USA, INC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for EUROMED USA, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2012: EUROMED USA, INC 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-017
Total number of active participants reported on line 7a of the Form 55002012-01-017
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-017
Number of participants with account balances2012-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on EUROMED USA, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2012 : EUROMED USA, INC 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$132,366
Expenses. Total of all expenses incurred2012-12-31$22,125
Benefits paid (including direct rollovers)2012-12-31$22,000
Total plan assets at end of year2012-12-31$738,619
Total plan assets at beginning of year2012-12-31$628,378
Value of fidelity bond covering the plan2012-12-31$10,000
Total contributions received or receivable from participants2012-12-31$63,353
Expenses. Other expenses not covered elsewhere2012-12-31$125
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$50,905
Net income (gross income less expenses)2012-12-31$110,241
Net plan assets at end of year (total assets less liabilities)2012-12-31$738,619
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$628,378
Assets. Value of participant loans2012-12-31$6,101
Total contributions received or receivable from employer(s)2012-12-31$18,108
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0

Form 5500 Responses for EUROMED USA, INC 401(K) PROFIT SHARING PLAN

2012: EUROMED USA, INC 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-828919
Policy instance 1
Insurance contract or identification numberGA-828919
Number of Individuals Covered7
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $7,007
Total amount of fees paid to insurance companyUSD $184
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7,007
Insurance broker organization code?3
Amount paid for insurance broker fees184
Additional information about fees paid to insurance brokerSALES/MARKETING
Insurance broker nameMERRILL LYNCH PIERCE FENNER SMITH I

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