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REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN 401k Plan overview

Plan NameREMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN
Plan identification number 001

REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) 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.
  • 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

REMED HOLDINGS, LLC has sponsored the creation of one or more 401k plans.

Company Name:REMED HOLDINGS, LLC
Employer identification number (EIN):472517533
NAIC Classification:623000
NAIC Description: Nursing and Residential Care Facilities

Form 5500 Filing Information

Submission information for form 5500 for 401k plan REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01

Plan Statistics for REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN

401k plan membership statisitcs for REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN

Measure Date Value
2023: REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-011,138
Total number of active participants reported on line 7a of the Form 55002023-01-01959
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-01191
Total of all active and inactive participants2023-01-011,150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-013
Total participants2023-01-011,153
Number of participants with account balances2023-01-01651
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01614
Total number of active participants reported on line 7a of the Form 55002022-01-01916
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01188
Total of all active and inactive participants2022-01-011,104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-012
Total participants2022-01-011,106
Number of participants with account balances2022-01-01724
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN

Measure Date Value
2023 : REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN 2023 401k financial data
Total income from all sources (including contributions)2023-12-31$7,359,503
Total of all expenses incurred2023-12-31$2,817,269
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$2,714,656
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$3,304,491
Value of total assets at end of year2023-12-31$29,067,808
Value of total assets at beginning of year2023-12-31$24,525,574
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$102,613
Total interest from all sources2023-12-31$30,224
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$613,663
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$613,663
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,888,108
Participant contributions at end of year2023-12-31$402,195
Participant contributions at beginning of year2023-12-31$474,692
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$502,270
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$433
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$294
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$4,542,234
Value of net assets at end of year (total assets less liabilities)2023-12-31$29,067,808
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$24,525,574
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$50,786
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$27,920,944
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$23,523,667
Interest on participant loans2023-12-31$23,359
Interest earned on other investments2023-12-31$6,670
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$14,996
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$14,019
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$14,019
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$195
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$729,240
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$512,902
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$3,411,125
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$914,113
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$2,714,656
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31No
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31BAKER TILLY US, LLP
Accountancy firm EIN2023-12-31390859910
2022 : REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-102,471
Total of all expenses incurred2022-12-31$3,849,672
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$3,753,009
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,413,350
Value of total assets at end of year2022-12-31$24,525,574
Value of total assets at beginning of year2022-12-31$28,477,717
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$96,663
Total interest from all sources2022-12-31$21,444
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$491,420
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$491,420
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,745,458
Participant contributions at end of year2022-12-31$474,692
Participant contributions at beginning of year2022-12-31$177,631
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$43,709
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$801,103
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$294
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$9,187,639
Administrative expenses (other) incurred2022-12-31$60,123
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-3,952,143
Value of net assets at end of year (total assets less liabilities)2022-12-31$24,525,574
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$28,477,717
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$36,540
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$23,523,667
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$19,066,816
Interest on participant loans2022-12-31$18,211
Interest earned on other investments2022-12-31$3,211
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$14,019
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$22
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$512,902
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-4,028,685
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$866,789
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$1,922
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$3,753,009
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31Yes
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BAKER TILLY VIRCHOW KRAUSE, LLP
Accountancy firm EIN2022-12-31390859910

Form 5500 Responses for REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN

2023: REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: REMED HOLDINGS, LLC AND AFFILIATED COMPANIES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number513901
Policy instance 1
Insurance contract or identification number513901
Number of Individuals Covered651
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number513901
Policy instance 1
Insurance contract or identification number513901
Number of Individuals Covered724
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
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

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