401k Plan data: SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST plan

SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan Name	SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number	002

SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan Type

Defined 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

401k Sponsoring company profile

SKYLINE MEDICAL INC has sponsored the creation of one or more 401k plans.

Company Name: SKYLINE MEDICAL INC

Employer identification number (EIN): 331007393

NAIC Classification: 339110

Additional information about SKYLINE MEDICAL INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 5420966

More information about SKYLINE MEDICAL INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 LAURIE LANDIS 2024-07-02
002 2022-01-01 BOB MYERS 2023-06-01
002 2021-01-01 BOB MYERS 2022-06-04
002 2020-01-01 BOB MYERS 2021-07-06
002 2019-01-01 BOB MYERS 2020-06-16
002 2017-01-01 BOB MYERS 2018-06-05
002 2016-01-01 BOB MYERS 2017-05-30
002 2015-01-01 BOB MYERS
002 2014-01-01 BOB MYERS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2023-01-01	LAURIE LANDIS	2024-07-02
002	2022-01-01	BOB MYERS	2023-06-01
002	2021-01-01	BOB MYERS	2022-06-04
002	2020-01-01	BOB MYERS	2021-07-06
002	2019-01-01	BOB MYERS	2020-06-16
002	2017-01-01	BOB MYERS	2018-06-05
002	2016-01-01	BOB MYERS	2017-05-30
002	2015-01-01	BOB MYERS
002	2014-01-01	BOB MYERS

Plan Statistics for SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2015: SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year 2015-01-01 20
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 12
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 6
Total of all active and inactive participants 2015-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 18
Number of participants with account balances 2015-01-01 14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST 2014 401k membership
Total participants, beginning-of-year 2014-01-01 12
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 18
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 2
Total of all active and inactive participants 2014-01-01 20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 20
Number of participants with account balances 2014-01-01 15
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0

Measure	Date	Value
2015: SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year	2015-01-01	20
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	12
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	6
Total of all active and inactive participants	2015-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	18
Number of participants with account balances	2015-01-01	14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST 2014 401k membership
Total participants, beginning-of-year	2014-01-01	12
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	18
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	2
Total of all active and inactive participants	2014-01-01	20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	20
Number of participants with account balances	2014-01-01	15
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0

Financial Data on SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST

Measure	Date	Value
2015 : SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST 2015 401k financial data
Transfers to/from the plan	2015-12-31	$0
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$147,218
Expenses. Total of all expenses incurred	2015-12-31	$313,810
Benefits paid (including direct rollovers)	2015-12-31	$296,163
Total plan assets at end of year	2015-12-31	$477,081
Total plan assets at beginning of year	2015-12-31	$643,673
Value of fidelity bond covering the plan	2015-12-31	$1,000,000
Total contributions received or receivable from participants	2015-12-31	$159,289
Expenses. Other expenses not covered elsewhere	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$0
Other income received	2015-12-31	$-88,924
Net income (gross income less expenses)	2015-12-31	$-166,592
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$477,081
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$643,673
Assets. Value of participant loans	2015-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2015-12-31	$48,253
Total contributions received or receivable from employer(s)	2015-12-31	$76,853
Value of certain deemed distributions of participant loans	2015-12-31	$13,761
Value of corrective distributions	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$3,886
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Funding deficiency by the employer to the plan for this plan year	2015-12-31	$0
Minimum employer required contribution for this plan year	2015-12-31	$0
Amount contributed by the employer to the plan for this plan year	2015-12-31	$0
2014 : SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$541,793
Expenses. Total of all expenses incurred	2014-12-31	$6,418
Benefits paid (including direct rollovers)	2014-12-31	$5,052
Total plan assets at end of year	2014-12-31	$643,673
Total plan assets at beginning of year	2014-12-31	$108,298
Value of fidelity bond covering the plan	2014-12-31	$1,000,000
Total contributions received or receivable from participants	2014-12-31	$24,769
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$854,018
Other income received	2014-12-31	$-350,345
Net income (gross income less expenses)	2014-12-31	$535,375
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$643,673
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$108,298
Assets. Value of participant loans	2014-12-31	$55,555
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2014-12-31	$64,763
Total contributions received or receivable from employer(s)	2014-12-31	$13,351
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$1,366
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Funding deficiency by the employer to the plan for this plan year	2014-12-31	$0
Minimum employer required contribution for this plan year	2014-12-31	$0
Amount contributed by the employer to the plan for this plan year	2014-12-31	$0

Form 5500 Responses for SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST

2015: SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SKYLINE MEDICAL INC 401(K) PROFIT SHARING PLAN & TRUST 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	SKYLINE MEDICAL INC
Employer identification number (EIN):	331007393
NAIC Classification:	339110

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	5420966