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BEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameBEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING PLAN
Plan identification number 001

BEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING 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
  • 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.
  • 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

BEYONDFAITH HOSPICE, LLC has sponsored the creation of one or more 401k plans.

Company Name:BEYONDFAITH HOSPICE, LLC
Employer identification number (EIN):460977146
NAIC Classification:621610
NAIC Description:Home Health Care Services

Additional information about BEYONDFAITH HOSPICE, LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2012-08-30
Company Identification Number: 0801647881
Legal Registered Office Address: 604 OAK ST STE 105

GRAHAM
United States of America (USA)
76450

More information about BEYONDFAITH HOSPICE, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01

Plan Statistics for BEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for BEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2017: BEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01239
Total number of active participants reported on line 7a of the Form 55002017-01-0197
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0133
Total of all active and inactive participants2017-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01130
Number of participants with account balances2017-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on BEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2017 : BEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$716,191
Total of all expenses incurred2017-12-31$940,477
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$927,982
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$373,848
Value of total assets at end of year2017-12-31$1,697,743
Value of total assets at beginning of year2017-12-31$1,922,029
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$12,495
Total interest from all sources2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$34,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$112,988
Participant contributions at beginning of year2017-12-31$3,644
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$72,108
Administrative expenses (other) incurred2017-12-31$12,495
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-224,286
Value of net assets at end of year (total assets less liabilities)2017-12-31$1,697,743
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$1,922,029
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$1,697,743
Value of interest in pooled separate accounts at beginning of year2017-12-31$1,912,249
Interest earned on other investments2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$342,343
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$188,752
Employer contributions (assets) at beginning of year2017-12-31$6,136
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$927,982
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31PENAN & SCOTT, P.C.
Accountancy firm EIN2017-12-31521706780

Form 5500 Responses for BEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING PLAN

2017: BEYONDFAITH HOSPICE, LLC 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberRM 86228-1
Policy instance 1
Insurance contract or identification numberRM 86228-1
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $6,836
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,061
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameJEFFREY FOUNTAIN

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