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LOTUS MEDICINE LLC 401(K) PLAN 401k Plan overview

Plan NameLOTUS MEDICINE LLC 401(K) PLAN
Plan identification number 001

LOTUS MEDICINE LLC 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
  • 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.
  • 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

LOTUS MEDICINE LLC DBA WESTFIELD FAMILY PHARMACY has sponsored the creation of one or more 401k plans.

Company Name:LOTUS MEDICINE LLC DBA WESTFIELD FAMILY PHARMACY
Employer identification number (EIN):270108767
NAIC Classification:446110
NAIC Description:Pharmacies and Drug Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LOTUS MEDICINE LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-01-01ANIL SHAH
0012013-01-01ANIL SHAH
0012012-01-01ANIL SHAH
0012011-01-01ANIL SHAH
0012009-01-01
0012009-01-01ANIL SHAH
0012009-01-01
0012009-01-01
0012009-01-01
0012009-01-01
0012009-01-01ANIL SHAH
0012009-01-01
0012009-01-01

Plan Statistics for LOTUS MEDICINE LLC 401(K) PLAN

401k plan membership statisitcs for LOTUS MEDICINE LLC 401(K) PLAN

Measure Date Value
2014: LOTUS MEDICINE LLC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-014
Total number of active participants reported on line 7a of the Form 55002014-01-010
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-010
Number of participants with account balances2014-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: LOTUS MEDICINE LLC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-019
Total number of active participants reported on line 7a of the Form 55002013-01-014
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-016
Number of participants with account balances2013-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: LOTUS MEDICINE LLC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-019
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 benefits2012-01-012
Total of all active and inactive participants2012-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-019
Number of participants with account balances2012-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-012
2011: LOTUS MEDICINE LLC 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-019
Total number of active participants reported on line 7a of the Form 55002011-01-019
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-019
Number of participants with account balances2011-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: LOTUS MEDICINE LLC 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-016
Total number of active participants reported on line 7a of the Form 55002009-01-016
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-016
Number of participants with account balances2009-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on LOTUS MEDICINE LLC 401(K) PLAN

Measure Date Value
2014 : LOTUS MEDICINE LLC 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-11-26$0
Total plan liabilities at end of year2014-11-26$0
Total plan liabilities at beginning of year2014-11-26$0
Total income from all sources2014-11-26$47
Expenses. Total of all expenses incurred2014-11-26$545,928
Benefits paid (including direct rollovers)2014-11-26$545,928
Total plan assets at end of year2014-11-26$0
Total plan assets at beginning of year2014-11-26$545,881
Total contributions received or receivable from participants2014-11-26$0
Expenses. Other expenses not covered elsewhere2014-11-26$0
Contributions received from other sources (not participants or employers)2014-11-26$0
Other income received2014-11-26$47
Noncash contributions received2014-11-26$0
Net income (gross income less expenses)2014-11-26$-545,881
Net plan assets at end of year (total assets less liabilities)2014-11-26$0
Net plan assets at beginning of year (total assets less liabilities)2014-11-26$545,881
Total contributions received or receivable from employer(s)2014-11-26$0
Value of certain deemed distributions of participant loans2014-11-26$0
Value of corrective distributions2014-11-26$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-11-26$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-11-26$0
2013 : LOTUS MEDICINE LLC 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$105,176
Expenses. Total of all expenses incurred2013-12-31$39,879
Benefits paid (including direct rollovers)2013-12-31$39,879
Total plan assets at end of year2013-12-31$545,881
Total plan assets at beginning of year2013-12-31$480,584
Total contributions received or receivable from participants2013-12-31$46,000
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$-1,124
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$65,297
Net plan assets at end of year (total assets less liabilities)2013-12-31$545,881
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$480,584
Total contributions received or receivable from employer(s)2013-12-31$60,300
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : LOTUS MEDICINE LLC 401(K) PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$126,781
Expenses. Total of all expenses incurred2012-12-31$0
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$480,584
Total plan assets at beginning of year2012-12-31$353,803
Total contributions received or receivable from participants2012-12-31$46,756
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$59
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$126,781
Net plan assets at end of year (total assets less liabilities)2012-12-31$480,584
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$353,803
Total contributions received or receivable from employer(s)2012-12-31$79,966
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$0
2011 : LOTUS MEDICINE LLC 401(K) PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$122,862
Expenses. Total of all expenses incurred2011-12-31$0
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$353,803
Total plan assets at beginning of year2011-12-31$230,941
Total contributions received or receivable from participants2011-12-31$45,781
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$24
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$122,862
Net plan assets at end of year (total assets less liabilities)2011-12-31$353,803
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$230,941
Total contributions received or receivable from employer(s)2011-12-31$77,057
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
2010 : LOTUS MEDICINE LLC 401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$116,498
Expenses. Total of all expenses incurred2010-12-31$0
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$230,941
Total plan assets at beginning of year2010-12-31$114,443
Total contributions received or receivable from participants2010-12-31$46,243
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$20
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$116,498
Net plan assets at end of year (total assets less liabilities)2010-12-31$230,941
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$114,443
Total contributions received or receivable from employer(s)2010-12-31$70,235
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0

Form 5500 Responses for LOTUS MEDICINE LLC 401(K) PLAN

2014: LOTUS MEDICINE LLC 401(K) 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 filingYes
2014-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: LOTUS MEDICINE LLC 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: LOTUS MEDICINE LLC 401(K) 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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: LOTUS MEDICINE LLC 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: LOTUS MEDICINE LLC 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01First time form 5500 has been submittedYes
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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